NEWS
Taken from Wall Street Journal, "Career Journal" www.careerjournal.com
Wall Street Blues
Worker confidence has deteriorated on Wall Street, according to a survey conducted last month of more than 1,200 financial-services professionals. Thirty-four percent of respondents said they're concerned about their job security and nearly a quarter expect their bonus to be lower this year than last. More than half of respondents said they expect to look for new jobs this year while 14% have already lost their jobs, reports eFinancialCareers.com, a help-wanted site for the financial-services industry.
Creating a Strong Cover Letter, Taken from ChristianJobs.com
Not only is your resume important to potential employers but a strong cover letter is also important. A cover letter is a way to sell yourself by mentioning specific aspects of your resume that demonstrate your ability to fill their open position. They are also necessary to explain anything in your resume that may need clarification or explanation.
To write a strong cover letter, keep these things in mind. Use a standard business letter format, using the name of the person reviewing your resume. In your letter, mention something about the company that will show your interest and that you have done your research on their company. Also explain why you are interested in the position. And remember your cover letter should not restate your resume, but draw interest to your resume. Finally, close your letter formally using a closing such as Sincerely or Cordially.
WHEN YOU'RE UNDERPAID
What if you earn less than the market average? This can happen if you've been working at one company for a long period of time, while gaining mostly modest merit increases. In this instance, your chances of securing a salary offer from another firm that's commensurate with the market average are slim, says Rick Slayton, president of Slayton Search Partners, an executive-search firm based in Chicago that recruits for a variety of industries. What's more, your lower price tag won't boost your odds of winning a job, he adds. "It usually is not a huge factor in the decision of who gets the job because there are enough other factors that will push a company one way or another," he explains.
To get ahead, underpaid professionals may need to change jobs more than once over a short period of time, suggests Mr. Slayton. "They have to look at this as a two step proposition," he says. "They have to get themselves closer to the market average in one move and they'll likely have to move again three to four years later to get themselves to a competitive compensation level."
Still, no matter your starting point, to successfully negotiate a salary that's greater than the amount an employer puts on the table, "you'll need to communicate why you're worth that additional investment," says Mr. Wise.