Study Question Test 1 MAN 3240 Prof Hochwarter 1 Describe the misconceptions associated with college students views of jobs following graduation Jobs ain t gonna find you a b Gonna make one hundred grand in one year c The resume you make the night before will kick butt d Companies look solely at GPA when choosing applicants e High grades plus nothing else will get you a good job f A first impression isn t important g The first job isn t important 2 Be able to identify features of the college experience that companies are looking for when it comes to hiring a Get Along b Willingness to learn c Determination d Work Ethic e Flexibility f Technical Skills g Communication h Problem Solving i Honesty j Loyalty 3 Discuss Ernst and Young s initiatives to attract new college graduate talent a Global Opportunities i Global Student Exchange Program 1 Overseas assignment for select summer interns 2 More than 140 countries 3 This year 35 participates b Leadership Training i Emerging Leaders Summit 1 2 and a half day conference for students who have demonstrated leadership potential through their academic and personal lives 2 Approx 250 students from US and Canada attend c Social Media i CampusLIVE 1 New website that enables students to connect to brands through polls surveys scavenger hunts team matches and more with an opportunity to win prizes ii Staff Twitter handle 1 Twitter feed will provide info on a day in the life of an E Y LLP Staff 1 employee the firms entry level position 2 Starting Oct 1st d Advertising i New advertising campaign 1 New ads will highlight the benefits of working at E Y and 2 include the tagline See more Intended to encourage students to seek more info about internship and job opp ii Millennial Media devices 1 Based on research E Y conducted 2 Students are open to career related advertising on their mobile 3 Advertisements on smart phones mobile internet 4 What is Generation Limbo How is the postponed generation described a Generation limbo b Postponed generation i Highly educated 20 somethings whose careers are stuck in neutral coping with dead end jobs and listless prospects i Recent graduates seem to be living with parents longer and taking longer to become financially secure The journey on the life path for many is essentially stalled 5 Identify the top three and bottom three most successful tactics for finding a job a Most successful i Referrals 28 15 ii iii Direct Sourcing 9 37 Job Boards 25 68 b Least common i Open houses 66 ii Walk ins 81 iii Search Engine 1 17 6 How has the first decade of the 21st century affected job outcomes of both genders What conclusions can be drawn regarding college graduates income advantage and educational attainment trends during the 20th century Men got creamed in the 2000 s even those that went to college In fact percent decline in real earnings was worst for bachelor s degree holders College graduates income advantage over those with only a high school degree has never been higher a Men security b Women security 7 How did men and women differ with respect to views regarding job survival i 29 found work experience more important for keeping their job ii 11 ranked education as the single most important factor for job i 19 found work experience more important for keeping their job ii 18 ranked education as the single most important factor for job c Men and women ranked taking less pay a better attitude at work and networking as equally important when it comes to job survival 8 As of the end of 2010 what three states had the highest foreclosure percentage What three states had the lowest a Highest foreclosure percentage i Nevada 1 01 ii Utah 452 iii California 429 b Lowest foreclosure percentage i Vermont 003 ii North Dakota 016 iii West Virginia 019 9 Be able to describe trends relates to personal savings that have taken place in recent years Jan 2001 Jan 2012 Recent trends related to personal savings indicate savings have drastically risen as a result of the recession Before then they were slowly decreasing and seem to be leveling off in the past year 10 What can be said about unemployment rate differences across marital status classifications in recent years Woman who maintain families have it the worst followed by married men While married women have it the best 11 According to the research how did conservative and less than conservative workers differ with respect to saving a Research confirmed that less conservative employees set aside fewer financial resources to cushion the family in the event of an emergency or change in work status b Less conservative workers indicated they would maintain a comparable standard of living for 10 months on average in the event of a layoff with almost half reporting one month or less c Conservative employees reported almost five years of continued lifestyle 12 What less that favorable things happen if you are unemployed for an extended period of time a Discrimination b Skill Obsolescence c Spirit Confidence d Further along fewer vacancies e Networks dwindle f Worse off financially g Gotta take something leaves them behind 13 According to the research what factors increased the potential for the economy to land in a second recession not long after the first a b c If History is a guide the odds that the American economy will fall into a double dip recession have reached 50 Job growth has slowed to a pace that typically signals the start of a recession In the other two severe downturns of the last 80 years 1930 s and early 80 s the economy suffered just such a stall and fell into a second recession not long after the first d The economy appears to weak to add enough jobs each month roughly 125 000 even to keep up with pop Growth Job creation has slowed to just 40 000 jobs or just 1 percent e f Many forecasters say the prospect of a DD recession is somewhere between g A recession usually follows when their forecasts rise to about 30 14 Explain trends in unemployment for both men and women from January 2007 15 40 through April 2011 Unemployment for both men and women has risen from around 4 to over 8 for women and 9 for males Shooting up between Jul 08 to Oct 09 Fortunately both seem to have leveled off and even slightly lowered in the past year 15 What facts offer evidence of the goring she conomy just trends not specific statistics a Women now account 57 of college students In 1950 it was 29 b College men drop out at much higher rates than college women c Women comprise roughly 60 of all
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