1. What are the misconceptions that many college students have regarding the world of work? Be able to identify the ones we discussed in class.• Jobs are going to find you• Gonna make one hundred grand in one year• The resume you make the night before will kick ass• Company’s look soley at GPA when choosing applicants• High grades plus nothing else will get you a good job• A first impression isn’t important• You can wait until the last minute…2. What are the most important differences between life in college and life in the working world?College Real world•Frequent quick and concrete feedback •Personally supportive setting•Structured with direction•Control over time •Breaks, time off •Professors•Less initiation•Pay them•Do it when you want (MOL)•Forgiveness policy•No need to step up every dayInfrequent and less than precise feedback•More “do it yourself”•Unstructured, few directions•They control your time•Very limited time off•Bosses•Mega-initiation•They pay you•Do it when they want (more)•Forgiveness = pink slip•Need to step up every day3. According to the research, what jobs have the highest and lowest employment rates for experienced college graduates? Know the three highest and the three lowest.• Highest unemployment rates= Architecture (9.2%), Arts (7.1%), Humanities and Liberal Arts (6.1%)• Lowest unemployment rates= Health (2.2%), Agriculture Land/ Natural Resources (3.5%), Education (3.9%)4. According to the article, what skills do many leaders say that college students lack as they enter the workforce? Also, why are these skills increasingly important?• College graduates need a “deep skill” in some academic subject, but that depth in one area needs to be supplemented with other knowledge (need a diversity).• Employers agree that the skill they most want in the future workers is adaptability.• Lack in interpersonal skills, problem solving, effective written and oral communication skills, teamwork, and the ability to think critically and analytically.• Need those skills as well as degree holders who can come up with novel solutions to problems and better sort through information to filter out the most critical pieces.5. Using the chart in the article, determine what two states had the highest positive changes in household income (there are three with ties) and what two states had the highest negative changes in median income during the 2009-2010 period.• Highest positive changes= District of Columbia (0.8%), Nebraska (0.7%)• Highest negative changes= Connecticut/Nevada/Vermont (-6.1%), Arizona (-5.8%)6. Be able to discuss the trends in both personal savings and consumer debt during the years of the recession (2008-present).Personal savings during the recession had a steep increase starting in 2008, went back down again in 2010 and is going back up now. People during the recession have to save more in order to make ends meet because you never know what your financial being will be within the next couple of years. Consumer debt during the years of the recession also increased dramatically and that probably has to do with the fact that people lost jobs or had a pay cut making it more difficult to pay for everything that is needed to be paid for.7. Problems associated with long-term unemployment include what?- discrimination- skill obsolescence- spirit/confidence- further along-fewer vacancies- networks dwindle- worse off financially8. Understand the major findings as they relate to Gen Y workers.• They are graduating into poor-paying retail jobs.• They love working at technology companies.• They prefer working at small companies over larger ones.• They are social media savvy.• They are very entrepreneurial.9. Be able to discuss men’s and women’s job loss trends from 2008-2012 (see chart).• Men in the US lost jobs faster and more sharply than women• Male-dominated industries were hit hard earlier, while industries that employ the most women started strong and mostly held up, or shed jobs later.10. Why aren’t employers hiring these days (as discussed in class)?• Seem to be doing okay with what we have• Trimmed a lot of fat in the past few years and got better at things• Earnings may sound good, but everything is relative• Uncertainty of another recession• Can I get it cheaper elsewhere?• Don’t want to go through that shit again11. How were spenders and savers different in terms of setting aside money for retirement?• Compared to financially conservative individuals (savers), less thrifty employees (spenders):• Experienced less enjoyment in the tasks they performed at work;• Were less interested in seeking out ways to improve the company;• Had difficulty concentrating on tasks and were more easily distracted;• Reported that completion of job tasks has been repeatedly delayed because of increased job-search activity at work.• More frequently reported that work was “nerve-racking”• More work-family imbalance• Were increasingly concerned that future financial obligations will go unmet• Felt more downhearted and irritable at work• More frequently acknowledged having a “shorter fuse” at home.12. In terms of legality, what are the arguments for companies not hiring workers that are currently unemployed? Also, why have some companies decided that hiring only currently-employed workers makes good business sense?• People who have lost jobs or have never been hired are less qualified as a group than those who are currently working.• People who are out of the workforce for a significant period of time may also have fallen behind in skills.• Lawyers for employers claim that policies that discriminate against the unemployed do not have enough of a disproportionate impact on protected minorities to meet the high standard the Supreme Court has set for disparate-impact claims.• Ending discrimination against the unemployed would most likely require new laws.13. In the Pressed and Stressed article (in Power Point), understand the impact of pressure cooker work climates. How have the opinions of high potential employees changed as stress levels have increased?• Pressure-cooker work climates threaten long-term productivity, employee engagement, corporate reputation, and talent retention.• Employees are fed up with the firm’s increased work expectations. There are higher absenteeism, more employees asking for referrals to
View Full Document
Unlocking...