Study Questions MAN 3240 Prof Hochwarter Test 1 October 20 2011 1 Described the misconceptions associated with college Jobs are going to find you student views of jobs following graduation You are going to make one hundred grand in your first year The resume you make the night before will kick ass Company s look solely at GPA when choosing applicants Only having high grades will get you a good job A first impression is not important Finding a job will be easy when I get home Your first job is not important companies are looking for when it comes to hiring Top 10 things they look for in a college grad 2 Be able to identify features of the college experience that Ability to coexist get along Willingness to learn Determination and persistence Work ethic Flexibility Technical competence skills Communication skills Problem solving skills Honesty Loyalty Right major Grades Work experience Work experience in chosen field Internship in field Paid or not Extracurricular related and unrelated Community stuff Things they look for on the resume 3 Discuss Ernst and Young s initiatives to attract new college graduate talent They hosted their 15th annual International Intern Leadership Conference Drew 1 900 interns from 29 countries Internships that start in US then 4 weeks abroad then Global Student Exchange Program complete their internship in the US Emerging Leaders Summit A two and a half day conference for students who have demonstrated leadership potential CampusLIVE A new website that enables students to connect to brands through polls surveys scavenger hunts team matches and more with an opportunity to win prizes Chance to take the Ernst Young Challenge and win an iPad If you share the Challenge with friends on Facebook and Twitter you can enter to win an iPod nano Staff Twitter handle A new campus hire will tweet to provide information on a day in the life of an Ernst Young LLP entry level position Ads in campus newspapers and on select sites Millennial Media Mobile ads to students on their smartphones at select schools based on geographic data 4 What is Generation Limbo How is the postponed generation described The Generation Limbo is a group of highly educated people in their 20 s whose careers are stuck in neutral and they are coping with dead end jobs and listless prospects They wait for the economy to turn for good jobs to They do everything they are supposed to do in college and materialize or for their lucky break still cannot find a job in their career path The postponed generation is recent graduates that seem to be living with parents longer and taking longer to become financially secure The journey on their life path is essentially stalled 5 Identify the top three and bottom three most successful tactics for finding a job Top 3 1 Family and friends 2 Online job boards large all purpose 3 Online job boards niche specialty 21 Message boards and chat rooms 22 Outplacement firms 23 Mobile texting Bottom 3 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 In the last 10 years the wages of college graduates have fallen and tuition costs have risen But the value of education has never been higher The fastest growing jobs in the next 10 years require an associate or bachelor s degree The more education correlates with more income and a lower chance of unemployment During the 20th century recently flattened high school degree grew at a higher rate than now Education attainment climbed dramatically but its growth has College graduates income advantage over those with only a New college grads earned more Men with bachelor s degree earned more 7 How did men and women differ with respect to views regarding job survival More men 29 than women 19 found work experience more More women 18 than men 11 ranked education as the 8 As of the end of 2010 what three states had the highest important for keeping their job single most important factor for job security foreclosure percentage What three states had the lowest Highest foreclosure percentage Lowest foreclosure percentage Nevada 1 010 Utah 452 California 429 Vermont 003 North Dakota 016 West Virginia 019 9 Be able to describe trends related to personal savings that have taken place in recent years January 2001 January 2012 Personal savings rises during recessions the darker blue region 10 What can be said about unemployment rate differences Personal savings has increased since January 2001 across marital status classifications in recent years Women who maintain families 13 Married men 10 Married women 5 Total 7 Increases in married men s unemployment Decreases in married women s unemployment Women who maintain families without a spouse have it the worst 11 According to the research how did conservative and less than conservative workers differ with respect to saving Less conservative employees set aside fewer financial resources to cushion the family in the event of an emergency or change in work status Conservative savers Less Conservative spenders SPENDERS compared to savers Experienced less task work enjoyment Were less interested in improving the company Had difficulty concentrating on tasks distracted Reported task delay because of increased job search activity More frequently reported that work was nerve racking More work family imbalance Were increasingly concerned about unmet obligations Felt more downhearted and irritable at work More frequently acknowledged a shorter fuse at home 12 What less than favorable things happen if you are 13 According to the research what factors increased the unemployed for an extended period of time Discrimination Skill obsolescence Spirit confidence Further along fewer vacancies Networks dwindle Worse off financially Gotta take something leaves them behind potential for the economy to land in a second recession not long after the first Employment grows fast enough to make the economy look as if it were in a recovery and then job growth slows down Over the last 50 years every time that job growth has been as meager as it has been over the last 4 months the economy has been headed toward recession in a recession or in the immediate aftermath of one 14 Explain trends in unemployment for both men and women from January 2007 through April 2011 When the recession hit the unemployment rate for men rose more than the unemployment rate for
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