Need
to consider your financial “needs” and what you can do to reduce your living
costs:
|
Needs |
Percentage
of Salary |
Annual
$ on $25,000 Salary |
Monthly
Target |
|
Retirement |
10% |
2,500 |
208 |
|
Income/Property
Taxes |
20-30%
(30% if you own a home) |
5,000
– 7,500 |
417
- 625 |
|
Savings |
10% |
2,500 |
208 |
|
Housing
(including repairs) |
20-30%
(30% if you own a home) |
5,000
– 7,500 |
417
- 625 |
|
Health
Care |
5-15%
(15% if no employer insurance) |
1,250
– 3,750 |
104
- 313 |
|
Transportation
(payment, insurance, repairs) |
10% |
2,500 |
208 |
|
Food |
10% |
2,500 |
208 |
|
Educational
Loans |
10% |
2,500 |
208 |
|
Recreation |
5% |
1,250 |
104 |
Exempt
vs. Non-exempt jobs (EPA vs SPA)
Beware
Clerical Jobs. Read actual job ad, don’t go by just the job title.
Credentialing
On employer side = high
degree/skill/training expectations
On employee side =
accumulation of acronyms
Why? Cost/barriers of education decreased, job
shortage
Credentialing functions as a
gatekeeper.
Get opposite effect when
labor supply shortage
Sometimes
temporary labor agencies do HR outsourcing for other companies. Sometimes also act as “head hunter.”
Make
sure you know all of the aspects of the job mentioned in the job ad. If you
don’t know something, learn it or at least become familiar with it before you
apply and interview. For example, know
what all the acronyms in a job ad stand for, and know all of the software
indicated in the ad.
Be
ready to not receive clear direction, supervision, or feedback on your
work. You may need to initiate “tasks”
and aggressively seek supervision and feedback. (This is true for jobs and internships.)
Expect
to have your work assignments change without notice. Expect your manager’s priorities to change frequently. This is especially true in today’s fast
paced, global economy where change occurs much more rapidly than in the past.
Be
prepared to learn new tricks – seek these out continuously.