Money Monday: Are You Paid Enough?

It’s that time of the year when I receive my compensation plan and my bonus gets paid out. I’m happy to report that I’m pleased with the numbers. Not only do I enjoy what I do, but I feel I’m paid a fair wage.

Exactly one year ago, I was no where close to pleased. Frankly, I was pissed. After I received my comp plan, I returned to my cubicle and acted like I’d just been pink-slipped. I grabbed the calendar and threw it in the trash. I tore down personal pictures and put them in my purse. I emptied my filing cabinet and put the folders in the recycling bin. I left the office dejected, as if I truly had been laid off.

Because I’m an intense and productive hard-worker, I expect to be compensated for the effort I put in. I thrive on compliments, appreciation, and cold hard cash. After a sleepless night, I knew that tears would do me no good nor could I very well implode in a fit of anger. I had to get even. I had to prove not only to my employer, but to myself that I was worth more. I had to prove that my reaction of shock and utter disappointment was justified.

Enter Job Hunting Catherine-Style

Search jobs internally using key word ‘MBA.’

Search jobs externally (LinkedIn, Simply Hired) using key word ‘MBA.’

Search jobs in alumni databases filtering by role (strategy, product management, investor relations) and location.

Send brief emails (no more than a handful of sentences) describing qualifications and attach resume.

Do not send cover letters. That is a serious waste of time. If you are qualified, your resume will prove your qualifications, not what you write in a personalized cover letter.

Given that I only applied to jobs I was qualified for, I got a good response rate from hiring managers. Two weeks after I had started my job search, I secured my first offer and was on my way to getting a second. Along the way, several recruiters and hiring managers asked that I contact them if ever I found myself looking to make a switch in the future.

Keep in mind, I didn’t want to leave my job, I only felt I wasn’t paid fairly. Once I secured that first offer, I asked that my employer match it.

Success!

It’s around this same time that I hear complaints from people about work and pay. Believe me, I’ve been there. If you don’t feel you’re paid enough, then test your marketability by gathering offer letters, and come to some conclusions about whether or not you’re worth what you think you’re worth. It’s important to be realistic, but more importantly you have to be confident and have faith in yourself.

American Debt: The Right Perspective, Giddyap

Did anyone catch this article buried in the WSJ a while back? Damn funny and damn true! I’ll copy in the first half, but click on the link at the end for the full article.

Joe Queenan for the Wall Street Journal

Hey Kids, It’s Till Debt Do Us Part

Every time a politician opens his mouth these days, it’s to say that we as a people cannot leave our children saddled with a mountain of debt. Sometimes they throw in our grandchildren for good measure. It’s even more poignant when they say “our unborn grandchildren,” because unborn grandchildren are always pink and cute and cuddly and helpless, whereas our real grandchildren are often nasty little suckers with horrible names like Skyler.

The basic argument is that by leaving our children and/or our grandchildren with enormous bills to pay, we are ripping an otherwise gleaming future right out of their pudgy little hands. This is unconscionable, we are told. This is immoral. This is not the American way.

Who are they kidding? I’m sure that I speak for many when I say that I do not mind leaving my children saddled with debt. After all, they didn’t mind saddling me with it.

It cost me over a quarter-million dollars to send my two kids to fancy universities that I never dreamed of attending myself, and that’s without mentioning all the money that I spent on piano lessons and basketball camp and, oh yeah, that jaunt to Hawaii for a soccer tournament in which my son’s team finished dead last. A tournament that I couldn’t attend because I was back home working my fingers to the bone to ensure that my kids didn’t get buried beneath a mountain of debt.

Toss in the tens of thousands of dollars that I shelled out for trips to the Great Barrier Reef, Paris, London, the Ring of Kerry, San Francisco, Ocho Rios, Disney World and Loch Ness and I’m easily down a half-million bucks on the parenting deal. Notice that I didn’t mention anything about charging the kids for trips to Atlantic City or Canada. I’m not an ogre.

When politicians run their mouths about mortgaging our children’s future, they act like the rest of us haven’t mortgaged our present to guarantee our kids’ future. But we have. We’ve been doing this since the country was born.

Want to live in a country that your parents liberated from British rule, kids? Pay for it. Want to live in a society where you can expect to live past age 30 with most of your appendages intact? Pay for it. Want to live in a society free from Nazis and communists and dictators with preposterous mustaches? Pay for it. Want to live in a society where your parents took on enormous debt to ensure that you weren’t born in the middle of another Great Depression? Pay for it.

Click here to read the rest.

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