Tuesday, 7 March 2017

Job Advice: 5 Personality Traits That Can Boost Your Career - Sheiresa Ngo


Are you aiming to move your career forward? Are you in the running for a new job? Know that it will take more than smarts to get ahead. Anyone can do a job. At the end of the day, what it really comes down to is how you do your job. Employers are looking for employees who do more than just clock in and out each day. It’s important to perform your job with the goal of not only doing your best work but also being the best employee. Who you are matters just as much as what you do.
It makes a big difference when you fulfill your job requirements while also being mindful of how your actions affect those you work with. Who you are as a person, and your habits (whether good or bad) can determine how far you get in your career or even if you get hired for a new job. Roughly 77% of employers say soft skills (attributes that are associated with your personality) are as important as hard skills (these are the skills you need to perform a specific job function) when it comes to job  candidate evaluations. While there are certainly exceptions (there are plenty of mean people who get far in life), it often pays to work in a way that honors both you and your teammates.
If you’re looking to get ahead at work, there are certain key personality traits that can help you attain career success. Here are five attributes that will make any employer want you on their team.

1. Motivation

 

Motivated man | iStock.com
If you’ve lost your get-up-and-go, find it. No one should have to hold your hand and closely supervise you just so that you can get your basic tasks done. A lack of desire to do your best work is not only frustrating for your employer but also a morale killer for your co-workers. Get excited about your job and see how your work improves. Learn a new skill, join an employee network, or find ways to help your teammates. If you just can’t seem to get passionate about your job, maybe it’s time for a change. Either consider taking on a new role at the company, changing jobs, or doing a total career overhaul. It’s possible your chosen career just isn’t right for you.
A motivated employee, on the other hand, is one who has an infectious passion for the job. He or she doesn’t have to be told twice to do their work. This the type of worker who can jump in to help with a project, lead a team, and who genuinely cares about the work he or she produces. Motivated employees are more productive and tend to have a better chance at getting promoted.

2. Adaptability

Woman working from home while holding her baby girl
Working from home | iStock.com/g-stockstudio
Employers must grow and change to keep up with the competition. Are you willing to grow and change with them? Employees who are resistant to change and insistent on doing things the old way will get left behind. If you want to move forward in your career, you’ll need to be willing to support your employer during times of transition. Instead of resisting new ideas and methods of getting things done, aim to be flexible and open to ideas that differ from yours. Change could prove to be good for your career. You may find yourself in a new role that catapults you to a higher rung on the ladder.

3. Integrity

man working at a desk
Man working at a desk | iStock.com
Do you steal pens from the office? Do you leave work early when no one’s watching? You might think no one notices, but there’s always someone who has an eye on you. Whether you think someone is watching or not, behave as if the CEO is sitting right next to you. Choose to do the right thing even when you’re tempted to fulfill your selfish desires. Hiring managers employ those they both like and trust. You never know who is watching you, so behave.

4. Discipline

businessman
Businessman | iStock.com/shironosov
If you hope to be a boss one day, you’ll need to develop self-discipline. If you can’t manage yourself, how can your boss expect you to manage others? This involves being on time for work and resisting the temptation to skip those boring meetings that have nothing to do with you. Also remember that discipline is more than checking off boxes on your to-do list. Your attitude counts. An employee who does a good job with a bad attitude won’t get very far at work or in life. You’ll also be miserable to work with.

5. Kindness

meeting
Meeting | iStock.com
You don’t have to step on people to get ahead at work. It’s not always the nasty employees who win in the end (a lot of the time they do, but we’ll talk about that later). It’s OK to pursue your career goals, but it’s also important to have others’ best interests in mind. Don’t become so focused on advancement that you ignore the feelings and needs of those around you. Work may be the last place you want to be kind, but being likeable can get you far. Likeable people tend to have an easier time finding employment and generally get more co-worker support. So think twice before you steal your colleague’s idea or reach into the office refrigerator and take a bite out of someone’s sandwich and then put it back. (You know that was you.)

Culled from Money & Career Cheat Sheet:

Monday, 6 March 2017

Women need to wage war on unjust pension shortfall


The triple effect of lower salary, career breaks and lower contribution rates cannot be ignored any longer - it's time to fight back

It's time to fight back
Women are still getting a duff pensions deal, with research revealing they face a pension funding shortfall of £47,000 in employer contributions.
This time it’s the turn of younger women to be hit with a huge dose of unfairness.
A study from insurer Zurich shows that last year men under the age of 35 received an average £217 more in employer pension contributions than females of the same age.
And between 2013 and 2016, men received pension contributions of 7.8% of their salary each year while women got 7%.
This difference comes on top of the gender pay gap and means men got a £3,495 boost to pension savings from their employers, compared to £2,489 for women over the four-year period.
If this continues it would amount to a £46,689 shortfall in employer contributions for a woman over her working life.

Time to fight back

Woman and pensions
It seems ridiculous that in this day and age women are still getting a raw deal with their pension savings and, despite working full-time, they continue to head towards lower incomes in retirement.
Despite supposed equality in the workplace, women still earn less than men. It is illegal for a man to earn more than a woman who is doing the same job but many still do.
According to the Fawcett Society the current pay gap for full-time workers is 13.9%.
Earning lower salaries means women get less towards their pension from employers as contributions are based on a percentage of pay.
And because they earn less, women have less spare cash to put into retirement savings themselves.

Caring responsibilities are a major cause of the inequality. Women typically take on the lion’s share of caring, ­taking career breaks to look after children and parents. This can mean they have to stop saving for retirement or never get started on it.
And many women have little choice than to accept lower paid work as that’s the only ­option that offers more flexible hours to fit around the needs of the family.
On top of this, the Government is equalising men and women’s state pension age so women must wait longer to access their state pension.
Rose St Louis, of Zurich Insurance, said: “The impact of the gender pay gap on women’s pension pots is no secret, but this difference in the contributions that they receive from their employer presents a serious, and growing, problem.
“The triple effect of smaller salaries, career breaks and lower contribution rates needs to be addressed. We can’t ignore a £47,000 shortfall.
“Workplace engagement and guidance has a central role to play in helping women make the most of their saving potential while they are working full time. But it is crucial that greater focus is placed on ­ensuring that this gap is not allowed to grow any further.”

Women and pension savings

  • It’s vital women take control of their financial future to ensure they get the best state pension and have private/workplace savings to fall back on too.
  • Start saving as soon as you can – when you start working is the ideal time. The younger you start saving into a pension, the less you will need to put away each month. Pensions are a slow burn and putting money away each month over a lifetime of work will help you to build up a decent retirement pot.
  • Save the most you can afford. Remember you are putting something away while you earn to give you an income during retirement.
  • If you and your boss are just putting in the minimum legal amount via auto enrolment each month, ask if your employer will match or at least up their contribution if you raise yours.
  • If you take a career break to look after children, try and keep up your pension savings, even at a reduced amount.
  • Keep an eye on pension savings and check to ensure they are on track to provide the income you want for your retirement.
  • Use your ISA allowance. A mix of pension savings and ISAs will give you flexibility. ISAs also help to keep tax issues simple.
Culled from Mirror pensions

Friday, 3 March 2017

Philip Green's pensions settlement is only the beginning of the road for thousands of loyal BHS workers-Frank Field


Sir Philip Green has reached an out-of-court settlement to pay £363million to settle the BHS pensions scandal

Philip Green has agreed to pay the BHS pensions scandal
This is a really important milestone on the road to justice for BHS pensioners.
But Sir Philip Green ’s out-of-court settlement with The Pensions Regulator does not mark the end of that road. Far from it, in fact.
Let’s not forget that thousands of loyal BHS workers lost their livelihoods as a result of the shoddy way in which the company was managed – or mismanaged – in the years leading up to its downfall.
A barrow-load of money was taken out of the company in those years – filling the pockets of the Green family and a small army of well-paid advisers – while individual BHS outlets were left to rot.
The Commons Work and Pensions Committee, which I chair, has been pushing for justice for almost a year. Questions that came from our work – why did those in charge of BHS allow it all to end in tears for the company’s loyal workforce?
Video thumbnail, Frank Field slams Sir Philip Green as 'worse than Maxwell'

For example – will be answered in the year or two ahead of us. The Insolvency Service has beefed up its inquiry team that is taking a forensic look at how and why BHS went under.
The liquidator is, likewise, taking its work up a gear; poring through deals that took place.
So let us breathe a sigh of relief today for those BHS pensioners who will be able to enjoy a better retirement than looked likely before today.
But let us also keep a close eye on the net that is beginning to close around those responsible for the sorry demise of a once great British institution, and the loss of 11,000 jobs on our high streets.
Labour MP Frank Field is the chair of the Work and Pensions Select Committee

Culled from Mirror Pension