Category: Your Career (Page 61 of 62)

Fidelity stupidity

Fidelity Investments has fired some employees for playing fantasy football. We don’t know all the facts of course, but this raises some serious questions about Fidelity. Unless the employees were wasting serious time at work on the fantasy football league, this seems like a ridiculous punishment. Couldn’t the employees have received a warning?

Fidelity apparently has cited their anti-gambling policies, but fantasy football is NOT gambling as pointed out by Yahoo! Sports.

Is this how Fidelity treats their employees? Do they treat their customers any better?

Get ready for your tryout

If you’re looking for an executive position, don’t be surprised if your prospective employer wants you to go through a “tryout” or trail period before committing to a permanent position. BusinessWeek reports the practice of hiring executives on an interim basis is becoming more common.

At one time or another all executives have experienced that special horror—the moment when they realize they’ve hired the wrong person. For Justin Moore, the revelation came during his chief financial officer’s first week on the job. As Moore, CEO of Axcient, a data storage company in Mountain View, Calif., was scrawling out scenarios at the whiteboard, he started to feel as if he were pulling the new guy up a hill. “I was constantly having to lead him into a high-level discussion and say, ‘Come on, get high-level again. Let’s think more strategy here.'”

Moore had an out. Like a number of executives, he has scotched standard operating procedure in favor of a new hiring strategy: trying before buying. Once Moore finds a potential candidate, he auditions him or her before making a permanent offer. Sometimes tryouts last weeks, sometimes months. Why get married after only a few dates? “It’s foolish of any of us to think our interview skills are so great we can predict how well someone is going to work in terms of the dynamics of a team,” says Moore.

The idea of interim executives also has some benefits for the employee. In today’s world of instant information, you can wait to update your LinkedIn profile until the job becomes permanent.

Cool site: 1st Job in Sports

For many sports fans, the idea of working in the sports industry is very appealing. With today’s tough job market that dream might seem more difficult, but opportunities exist out there for those who are willing to start at the bottom and work their way up.

1st Job in Sports is a cool site devoted to sports jobs. We noticed that they have a number of internships available with various sports teams.

Unfortunately, the site requires a membership fee. That of course makes it more difficult, as it would be much more convenient if they had a free option for some of the features. That said, if you’ve thought about working in the sports world, this is a good place to start.

Tax credit for hiring might be coming soon

This was originally proposed in the first stimulus package but was then removed. It looks like there would be bi-partisan support, and given the terrible job market, it seems like a workable idea.

The idea of a tax credit for companies that create new jobs, something the federal government has not tried since the 1970s, is gaining support among economists and Washington officials grappling with the highest unemployment in a generation.

The proposal has some bipartisan appeal among politicians eager both to help their unemployed constituents and to encourage small-business development. Legislators on Capitol Hill and President Obama’s economic team have been quietly researching the policy for several weeks.

“There is a lot of traction for this kind of idea,” said Representative Eric Cantor of Virginia, the Republican whip. “If the White House will take the lead on this, I’m fairly positive it would be welcomed in a bipartisan fashion.”

The New York Times article does a good job of explaining the pros and cons. Hopefully some form of this will pass.

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