The Benefits of a Paid Internship
Recently the National Association of Colleges and Employers released a study about paid internships that showed prior paid internships resulted in higher job search success and higher salaries when a former intern was hired. The study made no similar correlation between unpaid internships, job placement and starting salary.
As a story in Inside Higher Ed discussed there is significant controversy around unpaid internships, who they benefit and to what extent a subject also discussed by Ross Perlin in his book Intern Nation.
As the spring internship application season heats up, students need to carefully weigh their aspirations and personal circumstances before commiting themselves to a semester long internship. And once the semester starts school administrators need to make sure their students are being treated professionally.
Tags: Inside Higher Ed, Intern Nation, National Association of Colleges and Employers, paid internships, student advising, unpaid internships
Jeffrey Immelt GE CEO and Jobs Czar
On Sunday night Lesley Stahl interviewed Jeffrey Immelt, the CEO of GE on 6o Minutes. It was a wide ranging interview that touched on jobs creation, corporate taxes, and the increasingly international stance of many U.S. corporations. Read the rest of this entry »
Tags: 60 Minutes, corporate executives, GE, Jeffrey Immelt, job creation, leadership, Lesley Stahl, management
Celebrity Boards, Super Star CEO’s
The New York Times Dealbook today had a story entitled Handicapping the Investment of IAC in Chelsea Clinton by Steven M. Davidoff, former corporate lawyer who is a professor at Ohio State University. Read the rest of this entry »
Tags: Chelsea Clinton, corporate boards, corporate executives, female executives, IAC, leadership, management, McKinsey and Company, New York Times
The Big Payout
Eric Dash has an intriguing story in The New York Times today Outsize Severance Continues for Executives Even After Failed Tenures. Read the rest of this entry »
Is the Job Interview Overrated?
Tags: board of directors, career transitions, Ebay, female executives, Hewlett-Packard, hiring, interviewing, James B. Stewart, Leo Apotheker, management, Meg Whitman, Michael Useem, msnbc.com, phone interviews, The New York Times, University of Pennsylvania
30,000 Employees of Bank of America Expected to Leave, One Whistleblower Returning
While Bank of America announced a downsizing earlier this week with an anticipated 30,000 employees being given pink slips during the coming years. Read the rest of this entry »
Are You a Free Agent? It May Depend on Your Age
Are you a free agent? Kelly Services recently asked that question of adults in the United Staes. Over 40% of employed adults now consider themselves free agents a larger percentage than before the financial meltdown of 2008. Read the rest of this entry »
CEO’s into the Breach?
As the aftermath of the debt ceiling debate continued two CEO’s—Howard Schultz of Starbucks and Warren E. Buffett of Berkshire Hathaway stepped forward with ideas to mitigate the debt.
On Monday Mr. Schultz stepped forward to urge his fellow CEO’s to boycott campaign giving. The story in Bloomberg was Facebooked 3,000 times.
A day earlier Warren E. Buffett in an op-ed piece in The New York Times called on Congress to raise the taxes of wealthy Americans.
Under the headline “Stop Coddling the Super Rich” Mr. Buffett made the case of why taxes should be raised and as expected met with mixed results. There were those on the left who agreed with his argument. Some on the right said there was no reason he couldn’t make a private donation to the I.R.S.
Just over a year ago, Mr. Buffett, along with Bill and Melinda Gates met with great success when he prevailed upon 40 billionaires (you can read the list of who has signed a non-binding pledge to give away half their wealth, a total of $600 billion in all.
Months before Mr. Buffett put his plan into action Kevin Salwen and his daughter Hannah detailed their family’s experiences about living below their means and donating half the money to charity in The Power of Half (Houghton Mifflin Harcourt 2010)
While Mr. Buffett probably wanted to start the conversation (he had previously written for The New York Times about buying stock during the height of the financial meltdown), he hasn’t gotten a lot of traction or buy-in about his latest proposal at this point. It sounds a lot more high minded to give to those in need than to bail out a government in debt.
Whether other CEO’s get on board remains to be seen. While some CEO’s may think one or both ideas have merit, their corporate responsibility is to the shareholders to make money.
What’s Important to New Graduates?
Are graduates of the class 2011 throwbacks? In a recent survey released by the National Association of Colleges and Employers recent graduates sought personal development and job security as the most important factors in choosing a job. The top five factors in order are
1. Opportunity for personal development
2. Job security
3. Good insurance benefits
4. Friendly co-workers
5. High starting salary
Opportunities for advancement aren’t a consideration.
All of which asks the question will the aftermath of the recession may have a lasting effect on how young adults view their careers?
Tags: benefits, friendly co-workers, high starting salary, job security, oppprtunity for personal development
Can Your Child Enhance Your Career?
Long time readers of this blog will remember a post in January 2010 when I interviewed Marc Freedman, the head of Civic Ventures about working longer. You can read that post here. This year Mr. Freedman came out with a new book entitled The Big Shift. A compelling and well reviewed book, it advances the conversation about delaying retirement. One suggestion he floats is that of a gap year for adults. Read the rest of this entry »
Tags: Amy Winehouse, career choice, career transitions, Civic Ventures, Marc Freedman, Mitch Winehouse, parents and children, second careers, second chances, The Big Shift, young adults
