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الخميس، 7 يونيو 2018

The Job Market Is Hot. Here’s What It Means, and How You Can Stand Out


Well, it finally happened.

In April, the number of open jobs in the U.S. surpassed the number of folks looking for work for the first time since the U.S. Bureau of Labor Statistics started tracking the numbers in 2007. There were 6,698,000 available jobs but only 5,932,000 job seekers — a difference of more than 766,000.

While this does show the strength of the U.S. economy and a tightening labor market, it doesn’t mean you can just walk out in your front yard and proclaim, “One job, please!”

I mean, you could, but it would look pretty funny.

“There's nothing magical about reaching one job opening per unemployed worker,” said Jed Kolko, chief economist at Indeed. “It doesn't literally mean that everyone who wants a job can get one.”

Since these are national figures, it could theoretically mean that there are plenty of jobs two towns over, but none in yours. And different jobs require different skills, so the unemployed just might not have the abilities that employers with openings are looking for.

“Also, some people have given up looking for work and therefore aren't counted as unemployed, even though they might be interested in working,” Kolko explained.

But, don’t despair — we’re always posting open positions on The Penny Hoarder Jobs Page on Facebook. And there are plenty of ways to stand out in the crowded job market.

Here Are Some Tips to Help You Stand Out in a Hot Labor Market

The ratio of job listings to job seekers may be deceivingly positive. But still, there is a record number of job openings in the U.S. and the unemployment rate continues to fall to post-recession lows.

“Payroll growth has been strong and steady, and well ahead of the level needed to keep up with population growth,” Kolko said.

So, how do you get your hands on one of these open jobs? Invest in yourself.

For one, you’ll need to dust off that resume or stop procrastinating and write one already. And while you’re at it, go ahead and write a cover letter to slap on top of it — these are more important than you think.

Next, don’t neglect your LinkedIn page, which can be a crucial networking tool in the search for your dream job. Here are some expert tips for sprucing up your LinkedIn that only take 30 minutes.

If you’re looking for a work-from-home job, you might want to start stocking up on supplies to create a home office.

And finally, when you do land an interview, make sure to prepare for 20 common interview questions you might face.

So don’t be discouraged when you see all the press about the latest job openings figures, even if you’re having a particularly tough time finding a gig. By just taking a few hours to spruce up your professional profile, you can stand out in any job market.

Alex Mahadevan is a data journalist at The Penny Hoarder.

This was originally published on The Penny Hoarder, which helps millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. The Inc. 5000 ranked The Penny Hoarder as the fastest-growing private media company in the U.S. in 2017.



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How to Plan a Really Cheap Weekend Getaway

Every once in a great while, I’ll send my wife a message like this:

Don’t plan anything this weekend & try to not bring any work home.

My wife, being who she is, will immediately want to know what I have cooked up. Usually, it’s a weekend getaway of some kind that I’ve whipped up on the spot, something that she’ll almost assuredly like.

Whatever it is that I’ve come up with, though, isn’t breaking the bank. It’s usually surprisingly cheap.

Here’s how I do it.

Identify Target Dates

The first part of this equation is to simply watch the calendar for weekends that are free – or relatively free – of conflicts. These types of getaways work best for us in the late fall and the early spring, for example, because those weekends rarely have any sort of conflict going on, or if they do have a conflict, it’s minor.

If I’m really eyeballing a particular weekend, I’ll throw something on our shared calendar that indicates that the weekend is busy. I’ll usually make up some reason for it, but the goal is to keep the weekend locked down while I plan out the other details of the trip. If it doesn’t work, I’ll just delete that event from the calendar.

I usually end up identifying six to eight weekends a year where this might work out, of which one (at most) ends up working out due to the other elements involved in the planning. I just keep an eye on the calendar for the coming month or two and try to lock down a weekend every once in a while.

What you need to do: Choose a few upcoming weekends that might work for a getaway, but don’t peg all your hopes on one particular weekend. Don’t overplan and make it essential that you find a deal on a particular date.

Clear Child and Pet Care

We have three relatively young children. They’re old enough that I feel okay leaving the oldest in charge while I go to the grocery store, but they’re nowhere near old enough to leave at home alone for an extended period of time. Thus, child care is a requirement, and I need inexpensive options.

My first option is to check with grandparents. Both my parents and Sarah’s parents are supportive in this way and are quite happy to have the grandchildren visit for a weekend every once in a while. My first step, if a weekend is looking clear, is to check with both my parents and Sarah’s parents to see if they’re willing to watch the grandchildren for the weekend. I can also check with one of Sarah’s sisters – the “cool aunt.”

If that doesn’t work, we do have a couple of friends in the area who would be willing to have our kids over for the weekend; we’ve reciprocated in similar circumstances. I’d also check with them, but I’d be more likely to want to leave that kind of favor for a genuine emergency.

It is not a cheap getaway if I’m having to pay for child care, so if our only option is some sort of paid child care, a weekend getaway is out of the question.

In the next few years, this will become a much less important option as our children become old enough to be able to stay at home alone. The reality is that our oldest is approaching high school and his younger siblings are nipping at his heels.

It’s also worth noting that we have a couple of pets that need care while we’re traveling, but we have neighbors who will step up and help in those situations. Feeding and checking on pets a few times over the course of a weekend is a favor we constantly trade back and forth.

So, our first objective is to find free child care. This eliminates a significant cost of the weekend for us.

If you don’t have access to such care, start building relationships with people you trust that might lead to this type of care. Offer to take care of their children/pets, and swap child/pet care with them for gradually lengthening periods of time until such a request becomes feasible. This is the value of having a strong social and familial network.

What you need to do: Make sure that you have plans for any ongoing responsibilities, ideally plans that don’t involve significant additional expense. Is there care for your children? Is there care for your pets? Is there care for any other people you may be responsible for?

Consider Getaways within Driving Distance

Before you move on, consider whether or not there are any weekend getaway locations that are within driving range of your home. This is often the most frugal option for a weekend getaway.

If I’m considering driving for a weekend getaway, I’ll start looking at options within five hours of home, because we can and have driven five hours on a Friday evening in order to enjoy a little getaway. What kinds of points of interest are available to you within a four or five hour driving radius?

Google can be a great tool for this. Just Google for day trips or weekend getaways from your location (or, preferably, the metro area closest to you) and see what turns up. For example, over the years we’ve mined this list of weekend getaways in Iowa, along with some great places not on that list such as Honey Creek Resort on Rathbun Lake.

What you need to do: Look for interesting getaway locations within a few hours of your home, one that’s drivable on a Friday evening after work. You might be surprised at the options available if you do some searching!

Look for Travel Deals

If I have a weekend blocked out and I know child care is available and I want to go somewhere further away than the driving radius, I start by looking at cheap last minute flight options. I will start hunting for these several weeks out, but I won’t lock anything in until I either find a really good deal or we’re down to the last week, in which case I either find a pretty good deal or I give up on the plan.

At this point, I am not concerned at all about the destination. What I’m looking for are cheap round trip flights to anywhere, ideally departing from Des Moines (the only decent-sized airport near us), but flights departing from Minneapolis are also okay.

This is where price comes first. What’s a cheap flight that departs in the evening on Thursday or Friday (depending on the specifics of the weekend) and arrives back home on Sunday or Monday (again, depending on the specifics of the weekend)? Most of the time, I’m looking at a late Friday flight and a mid-day Sunday flight, but that can vary if there’s a special weekend coming up in terms of our personal schedule.

Believe it or not, if I’m careful with the hunting, I can often find last minute flights well below $100.

I use a number of tools for this, including Kayak, Hipmunk, and FlightScanner. I just check them regularly and have them set to give me alerts if cheap flights pop up in my search criteria. These sites all have smartphone apps that will pop up alerts for you. When I’ve identified a good potential weekend, I start searching all of these sites and a few others all at once.

In terms of planning flights, include all airports that you could reasonably use for a weekend getaway, not just the one that’s closest to you. For example, I know that Minneapolis flights are cheaper for us but a bit logistically harder, while Des Moines flights are going to cost a little more but be logistically easier. I’ll watch for deals from both airports, though.

Also, don’t lock onto a particular destination. You’re looking for deals on any flight, and you’ll want to choose among the least expensive options that appear. My recommendation is to scoop flights that are less than $100 to an interesting destination, with perhaps even a lower threshold if you have several airports nearby.

What you need to do: Once you have a weekend in mind, use airline search tools to start finding cheap flights for that weekend to anywhere from any airport near you. Don’t obsess over a particular destination – let serendipity rule here.

Look for Housing Deals in Possible Target Areas

As soon as a cheap flight pops up or you’ve decided on doing a more local getaway by car, immediately start looking for cheap lodging in that area for the weekend. I usually aim for anything that’s low cost that doesn’t have disastrous reviews associated with it – the cheapest price I can find on a hotel or Airbnb that doesn’t have reports of bedbugs or other significant problems.

Again, I use a variety of tools for this. I use Hotels.com, Airbnb, Kayak, and so on. If I’m going to a remote destination, I look for anything that’s in that metro area. If I’m using the radius around us, I usually have a handful of possible places in mind and look for housing deals near any of them to see what’s inexpensive and available.

Yes, sometimes I’ll find that everything in an area is booked up or the few rooms that are available are super expensive. Guess what? I just don’t go to those destinations that weekend. It’s okay. A big part of all of this is flexibility, and that means dropping plans if they don’t work out.

This actually doesn’t take very long at all once I have a destination or two in mind. Since I’m usually doing this just a week or two in advance (or sometimes less than a week), I usually find that either an area seems to be highly booked up, or else at least a few lodging options are offering really cheap rates for the weekend. If everything’s booked up, I move on; if not, then I’ve got a cheap hotel.

If you find a bunch of great deals, look at the extra perks offered by the lodging options. A continental breakfast is a huge perk, as one can utilize that for brunch and take some fruit along with you, drastically reducing food costs on the trip. A true bed and breakfast is similarly nice.

Another option, of course, is to consider camping as a weekend getaway, but this likely reduces the range of travel as you’re going to have to be able to set up camp at your destination in the dark if you go too far. This might not be a problem for some, but could be a deal breaker for others.

What you need to do: Once you have a cheap flight (or you’ve decided to drive to the weekend getaway), start looking at a wide variety of housing options. Airbnb should always be considered, along with hotel searching tools like Hotels.com. A hotel with a continental breakfast or full breakfast at no noticeable additional cost is a big perk, as you can use that as brunch and take some fruit with you.

Look for an Interesting Centerpiece, and a Deal Associated with That

You have low cost transportation to a low cost destination. Great. Now, what are you going to do when you get there?

This is the time to start researching the area you’re planning to visit. There are a lot of different tools for this, starting with the tourism guide for the area, but also using tools like Atlas Obscura.

When you’re doing this, prioritize cool things that are free or extremely low cost, especially if they’re irregular events. Maybe there’s some kind of free concert or free arts festival going on in the area that weekend that you can check out. Maybe there’s a special exhibit at an art museum or something like that, or perhaps there’s a limited time art installation in a park. Look for things that you’d both be interested in that fall into this category.

What I’ve found is that, if I find two or three things like that, that’s good enough. Those things serve wonderfully as the centerpiece of a weekend getaway. The rest of the time, trust in serendipity. Go there, get up without a plan other than visiting a particular park at a certain time or something, and then wander to your heart’s content.

One challenge on such a trip is food. What we usually do is eat at one or perhaps two cool restaurants in the area and go super cheap on the rest of our eating. I really like hotels with continental breakfasts, as we’ll often eat at them fairly late in the morning and treat it as a brunch, put a few fruits in our bag that we take out for the day, maybe have one small treat from a street vendor during the day, and then eat somewhere cool for dinner.

Thus, I’ll typically try to figure out a good deal on one interesting meal in that city or area. Check out sites like Restaurants.com or BlackboardEats.com for bargains on dining if you’re flexible. You’re probably not going to end up going to a hot and mega-exclusive restaurant this way, but you’ll probably find something good and interesting at a very good price. Try to target something vaguely near your hotel or near the area where you’ve found something interesting to do.

What you need to do: Scour travel guides for low cost or free cool things to do in the area, particularly ones that only happen that weekend. Let most other things happen by serendipity, but check out restaurant deal websites for at least one planned meal at a discount.

Don’t Sweat Transportation Unless You’re Getting Out of the City

One thing I’ve discovered is that, unless you’re getting out of the city, you’re far better off simply using mass transit to get around rather than the expense of renting a car. Most of the interesting things you’re going to want to do can be reached easily on foot from a mass transit stop, so, assuming the destination city has a decent mass transit system of some kind, I just rely on that to get around.

In a pinch, I’ll use Lyft or a taxi service to get back to our hotel or something like that if we’re out late, but mass transit usually takes care of all of our travel needs.

There’s an additional factor in that, if you’re planning on an out-of-the-city destination that also requires a flight, you’re likely leaving yourself rather little time for a weekend getaway. I prefer either a drivable destination or one where I can fly and then rely on our feet and public transport along with a Lyft or two.

What you need to do: If you’re flying to a remote city, study the public transport in that city and use that if at all possible. Focus on activities that are walkable from your hotel or are easily accessed via public transportation. Try to avoid getaways that require both a flight and a car rental.

Final Thoughts

The thing to remember about a weekend getaway is that most of the fun of such a getaway really boils down to exploring a new place with a loved one along with time for romance, away from the distractions and challenges of your everyday life. It doesn’t have to involve an expensive resort or a perfect weekend. Just focus on finding cheap travel options, then plan around wherever that cheap travel option takes you. You can make memories and romance almost anywhere you go.

Good luck!

The post How to Plan a Really Cheap Weekend Getaway appeared first on The Simple Dollar.



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Getting Lowballed on That Salary Offer? Here Are 7 Tips to Talk it Up


Let’s be real: Negotiating your salary can be scary. So scary, in fact, that nearly three in five U.S. employees accepted the first salary they were offered. But ask yourself: Would you be willing to step outside your comfort zone if it meant you could earn an extra $7,500 a year?

In the study highlighted above, Glassdoor found that the average American worker could be earning $7,528, or 13.3 percent, more per year than his or her current annual base salary.

Multiply that by however many years you have left in the workforce, and it soon becomes clear that failing to negotiate can cost you big time — especially if a recruiter reaches out with a less-than-stellar job offer.

The good news? You don’t have to settle for less than what you deserve. The next time you get an underwhelming offer, use one of these strategies to level the playing field.

1. Do Your Research

It’s pretty difficult to get paid fairly if you don’t even know what fair pay looks like. So before you start negotiating, make sure to look up what you should expect to make.

“Respond to the offer with well-researched salary data — check Glassdoor to better understand what similar positions in your area are getting paid. This tactic works well if the data proves that the offer is low,” says Marielle Smith, VP of People at GoodHire. For a customized look at your market worth, use Glassdoor’s Know Your Worth calculator to get a free, personalized salary estimate based on your job title, location, years of experience and more.

If a company’s offer is reasonably close to what your market value is, counter with a number that’s between 10% and 20% above their offer, suggests Josh Doody, author of Fearless Salary Negotiation — try using the tactics below to inform your specific approach.

If the offer is not even close to what you want, though, you may need to push the reset button. (More on that later).

2. Ask for an Explanation

If you’re caught off guard by a lowball offer, there’s nothing wrong with asking how the company arrived at that particular number.

“Get curious about how the potential employer arrived at the salary offered,” recommends Executive Therapeutic Coach Lisa Pepper-Satkin.

An employer’s salary justification might reveal that they relied on outdated or inaccurate information. It’s that the case, you can gently correct them in order to push for a higher salary — e.g. “Based on your explanation, it sounds like the salary range was created for someone with two to three years of experience. However, I have five years of experience and hope to be compensated accordingly.”

3. Get the Recruiter on Your Side

As the saying goes, you catch more flies with honey than with vinegar. Translation: If you want a higher salary, it’s best to ask nicely.

“It's tempting to balk at a lowball offer and act indignant. While this may be effective in some circumstances, the cooperative approach works better for most people,” says career consultant Christopher K. Lee of PurposeRedeemed. “Reaffirm your skills and interest in the company. You want [the recruiter] to go to bat for you with upper management to approve a higher salary. This works because you show that you are truly interested in the job; the only piece to be solved is the compensation.”

To highlight what a great fit you are for the company, get specific. For example: “I was so impressed by your company and its mission to help small businesses succeed, and I really think that my experience in growth marketing would help you find creative ways to get in front of your target audience. The one thing holding me back is the salary. If I can get an additional $5,000, I’m on board.”

4. Tie it Back to Business Value

You’re in a great position to negotiate if your role would have a direct impact on the company’s revenue. After all, that means your salary isn’t just an overhead cost — it’s an investment.

“Show how your work directly adds to the company's bottom line with actionable steps you're able to take from day one. Explain why those steps would justify a much higher salary,” suggests operations and strategy expert Anna Nguyenova. “Your job is to convince them that you're not just another ‘replaceable’ employee, but a rare talent they need to help drive the business.”

This will be all the more powerful if you can cite concrete data points from your work history. For example, a top-performing salesperson might say “Given that I was able to bring in $250,000 for my current company last quarter, a $10,000 increase in base salary would be entirely appropriate.”  

5. Highlight Another Offer

Companies put in a lot of time, effort and budget into finding talented employees, so the last thing they want is for another firm to snatch them up at the last minute. If a different company has extended you a higher offer, sharing that information can motivate an employer to up the ante.

“You can simply say, ‘I really enjoy your team and company. However, I do have another offer with a company that I like very much as well. They came in [at] $20,000 more than you did. If you can match or beat that, then I’d love to join you,’” suggests Brianna Rooney, founder and CEO of recruiting company Techees.

6. Think Outside the Paycheck

Some companies, especially if they’re smaller, really can’t budge on their starting offer even if they would like to. If that’s the case, it’s worth seeing if they would be open to compensating for that with additional benefits.

Figure out which benefits matter most to you — whether it’s a flexible schedule, more vacation days, a bonus or something else entirely — and ask if your potential employer could sweeten the deal. Just say something like “The salary is below what I was hoping for, but if I could work from home twice a week, I would happily accept your offer.”

7. Be Prepared to Walk Away

Not everybody is in the position to turn down a job offer — but if you can, you may want to consider it in cases where the compensation is significantly below what you were expecting.

If company officials can’t meet you halfway, it’s time to thank them for the opportunity and let them know you aren’t able to accept their offer.

You may end up calling their bluff and have them respond with a more generous offer, but it’s also possible that the two of you will simply decide to part ways. That way, they can find someone within their budget and you are free to pursue a company that will truly honor your worth.

There’s no doubt that negotiating can be intimidating, but a brief period of discomfort is nothing compared to years of lost earnings.

Emily Moore is a Senior Staff Writer for Glassdoor, one of the world's largest job and recruiting sites. Glassdoor combines millions of jobs with valuable data to make it easy for people to find a job that fits their life while also helping employers hire quality talent.

This was originally published on The Penny Hoarder, which helps millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. The Inc. 5000 ranked The Penny Hoarder as the fastest-growing private media company in the U.S. in 2017.



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Worth It: Seven Frugal Bloggers Reveal What They’re Willing to Splurge On

From lowering grocery bills with coupon clipping to eliminating cable to moving across the country to a less-expensive city, frugality and personal finance bloggers are happy to share every single way they’ve cut back on spending and reduced financial debt in their lives.

What we wondered, though, was if they would also share one or two specific things that they are willing to revisit their budget for every now and again, because, as Trent wrote earlier this year, not all splurges are wasteful splurges. (Some are very strategic. And some probably are worth curbing.) As Trent says, “A good, sound financial life isn’t about denying yourself all splurges and all pleasures. It’s about finding balance. It’s about knowing when to splurge and knowing when you’ll regret it.”

We spoke with seven frugal bloggers, Instagrammers, and YouTubers from all over the U.S. about what they OK for the splurge category of their tracking spreadsheets. Read on for their answers and then drop us a comment below on what you’re willing to shell out a little extra for, when, and why. (For the record, like Trent, I often splurge on books. I use all the free resources at my library as much as possible, but there’s still just nothing like a hard copy of a title I really want to dig into and revisit for years to come.)

Personal finance blogger Justin Weinger of So Over This, where he writes about moving beyond a life of debt (though intentionally while not living like a monk), says his big splurge is on vacations. “Experiences are worth so much more than ‘items.’ I prefer to upgrade to Delta Comfort or the Big Front Seat on Spirit, as I don’t particularly enjoy flying. Also, I will splurge for a larger room with more space and a view. With daily stress at work, I want to make sure I enjoy my time off as much as possible.”

Self-described debt-free goal crusher, wife, and work-at-home momboss Kim, of the popular three-times-a-week Free to Frugal YouTube videos, agrees with Justin. “I’m willing to splurge on a good rental car and decent hotel when traveling. I have a family and we don’t travel much, but when we do, we want to enjoy it and be comfortable,” she says.

Anchorage, Alaska-based personal finance journalist and author Donna Freedman, founder of Surviving and Thriving and a regular contributor here at The Simple Dollar, says she also splurges on travel — to see family. “I’m willing to splurge on visits to my father, who’s 83, and to my daughter in Phoenix, Arizona. It’s important to me to spend time with them, and, in my father’s case, I would rather go for a visit than a funeral,” she says.

Of course, Freedman adds that she does still approach these trips as frugally as she can. “A friend of mine works for an airline and gives me ‘buddy passes,’ which are good for up to 90 percent off airfare. Since I live in Alaska, it’s always expensive to fly; these buddy passes are greatly, greatly appreciated.”

Kristen Cross, aka The Frugal Girl — an East Coast blogger, DIYer, and mindful spender who lives “frugally and cheerfully” with her husband and four homeschooled children — also focuses on family and friends with her extra dollars.

“I’m willing to splurge on ‘things’ that foster important relationships in my life,” she says. “Though they’re not cheap, things like family vacations, trips to see friends, or a night out with friends all feel worth it to me because they facilitate something priceless: relationships.”

“Confidant spender” Leah Ingram, New Jersey-based author of 15 books — most recently The Complete Guide to Paying for College — has one particular item she’ll spend a bit extra on. “The one thing I’m willing to splurge on — and have splurged on — is good shoes,” Ingram says. “I have hard-to-fit feet and I do a lot of walking. I have two dogs that are used to getting three to four walks per day, so comfort and shoes that last are both very important to me. Also, when you have wide feet, it’s not easy to find shoes, so I’ve come to shop at Zappos and Nordstrom pretty exclusively. Expensive? Yes. But great customer service and great quality products that last.”

Lydia Senn, who has been sharing videos on saving money, getting out of debt, and simple living for more than a decade at the Lydia Senn YouTube Channel as well as blogging on the same topics at Frugal, Debt Free Life, lets her taste buds determine her splurge.

“The one thing I’m willing to spend money on is good coffee grounds,” Senn says. “I only drink coffee from home, unless I’m gifted a gift card, and I love good quality coffee. I’m willing to spend more on quality grounds to get a better cup — or three or four — from my home coffee maker. It’s still loads cheaper than a coffee shop but tastes so much better than cheap coffee brands.”

“FrugalKittens” Michelle and Daniel have been on a journey since 2016 to eliminate more than $200,000 in debt, and recently the 20-somethings moved from Los Angeles to Minnesota specifically to cut their costs. (To date, they’ve paid off nearly $100,000, a figure they update regularly on their Instagram account.) Their splurges, Michelle says, focus on one particular family member.

“We splurge on extracurricular activities for our daughter. We want her to grow confident and strong, and I personally believe that sports and programs like Scouts help facilitate those traits,” Michelle says. “We invest in one sport at a time for each season: softball, gymnastics, and snowboarding. Throughout the year she also gets to participate in Girl Scouts and we volunteer at a food bank weekly. These activities are all ones that interest her and make exercise fun. This would be our greatest splurge during our debt-free journey and I believe it’s important to allow kids to do activities like sports… as they help nurture confident and strong kids.”

Tell us, frugal readers: What are you willing to splurge on?

Related Reading:

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How Two Women Poured Water in Their Purses — and Made $85K in the 1st Year