Those ever-so-popular executive compensation packages have been in the news quite a bit lately thanks to President Obama's decision to force companies to limit the amount of money they give to bank executives if that bank gets a bailout check. I think it's a bad idea for companies or the government to limit executive pay (although I may be the only one), and here's why.So Long, SuckersThink about this. Imagine that you are one of those highly-paid executives, and your company suddenly adopts a plan that will limit your pay. Now you have a choice. You can either stay at your current job and get less pay, or you can move to a company down the road that would love to get your skills working for them (and they will be paying a premium for your services). What are you going to do? We both know that you're going to move to the new company for more pay. Why would you expect an executive to do anything different?You Get What You Pay ForIf you want a good, top-shelf executive to run your … [Read more...] about Why the Obama Salary Cap Is Lame
Blog
The Recession File: #2
Jobacle.com is proud to launch The Recession File, a daily audio broadcast that will deliver the latest unemployment news and layoff headlines in 90 seconds or less. Fancy production to follow. Grab the RSS feed! In the meantime, tell a friend and do your best to dodge those pink slips!Comapnies Mentioned: Muzak, Harvard, Wal-Mart, Bureau of Labor Statistics' Job Openings and Labor Turnover Survey. Direct Download … [Read more...] about The Recession File: #2
Joe Torre and Corporate Loyalty
If anyone in Major League Baseball seemed to stand in stark contradiction to the corporate fat cat owners, and their armies of accountants and attorneys, it was always Joe Torre. Yup, good ole Joe who, despite the fact that he's a millionaire many times over, possessed what can best be described as that 'common touch' we in America love so much. While the standard M.O. of the Steinbrenners and others of their gizzillionaire ilk is to operate on the profit uber alles mentality, Joe appeared to stand for principles, for leadership, and above all for loyalty.Yet to many, including not only baseball fans, but sportscasters and even players, Torre's previous populist persona has been besmirched by the revelations he recently made in his new book. True, and while the entire bio isn't all that kiss and tell, Torre does take a good number of swipes at not only the Yankee management, but at some players as well. Probably everyone can either agree with, or at least understand, Torre's taking on … [Read more...] about Joe Torre and Corporate Loyalty
The Recession File: #1
Jobacle.com is proud to launch The Recession File, a daily audio broadcast that will deliver the latest unemployment news and layoff headlines in 90 seconds or less. Fancy production and RSS feed to follow. In the meantime, tell a friend and do your best to dodge those pink slips! Comapnies Mentioned: University of Chicago Medical Center, FedEx Freight, McDonalds, Recessionwire. Direct Download … [Read more...] about The Recession File: #1
Just Like a First Date, Leave Desperation Out of a First Interview
It holds all the same signs. Sweaty palms, rambling stories, nervous laughter, and in some unfortunate situations, begging and pleading.Sounds like a desperate first date, right?Sadly, I found myself precariously on the brink of desperation during my first interview since joining the Pink Slip Brigade. With job security and stability suddenly at its highest premium to me, I was practically salivating at this managerial position working for a state-funded university.As I sat in the front office awaiting a turn to impress my future bosses, I realized that I quickly needed to calm myself down. Here is how I turned from desperate to playing hard to get.1. Interviews are about confidence and highlighting your attributes as they relate to the intended position. Trying to convince your boss that “you’ll do anything necessary to get the job done” sounds desperate and somewhat slutty in comparison to telling them exactly what you think needs to be changed to get the job done … [Read more...] about Just Like a First Date, Leave Desperation Out of a First Interview
Work Is On Infinite Repeat
What's up with all of the repeating? Lately I've noticed that too many people - young people - repeat themselves again and again. We all know repetition has a distinct persuasive effect on us. That's why kindergarten teachers and fast food restaurants go back to the well so many times in a row.But when it comes to the world of work, and everyday interactions, too many people are repeating themselves.Here are reasons not to repeat.- You bore me, and I'm already bored enough.- You lose credibility. I start to think you don't care who you're talking to, you're just talking for the sake of talking.- You are not Dylan Thomas and have no reason to distinguish free verse from prose.- Your motives are transparent. You are trying to convince me of something but I am on to you, therefore, I will not change my mind.- Repetition creates familiarity, but familiarity breeds contempt! Just cause you shove it front of my face again and again doesn't mean I'll buy it.If I happen to repeat a message, … [Read more...] about Work Is On Infinite Repeat
Going Home for Lunch: A Recipe for Stress?
Does anyone out there know what percent of office workers go home for lunch? It's something I always wanted in my work-life, and now that I have it, I'm not convinced it's all I thought it was cracked up to be.It takes me between 12 and 22 minutes in each direction--short enough to be a viable option, but long enough to make it not worth my time.We've talked about the downside of living too close to the office. But now let's see if there's a real benefit in heading home for lunch.Read more of my blog post at US News and World Report. … [Read more...] about Going Home for Lunch: A Recipe for Stress?
Work Lyrics: work. eat. sleep. repeat.
You often hear songs about work on the Working Podcast. A new feature on the Jobacle blog called 'Work Lyrics' will share the best lyrics and song clips that have to do with work.Submit your favorites here.Today's lyrics come from five-piece rock/hip-hop band Karate High School. The song is "Another Day At The Office."The robots march in line to get to workbecause it's almost punch-in time.we've traded in our lives for deadlines only met overtime.and for each hour they own us we work towards our bonus.we've been following the script for so long we forgot who we are.just another day nothing ever changes.how did my life become 9 to 5?we've been following the script for so long we forgot who we are.we can only work this shift for so longlets shake hands and talk statistics as we try our best to act pretentious.i still smile everydayand make believe that life was meant to be this way.but inside im starving for something to real.we've been following the script for so long we forgot who we … [Read more...] about Work Lyrics: work. eat. sleep. repeat.
Is That a Pearl or Just Sand in Your Crack?
We all know that pearls are found in oysters. We also know that pearls are very valuable. However, do you know how a pearl is really created? An irritant (such as sand) gets inside the shell, and the oyster releases a chemical to coat the foreign particle. After many, many coatings, the piece of irritating material has become a pearl! Now, have you ever sat in the sand on a beach and gotten sand inside your clothing? It is quite uncomfortable! Imagine how the oyster feels not being able to get the sand out of its shell.Those two ideas can also be related to your career. Have you ever had a great idea or a desire to do something important with your life? Is it a business idea? A dream to work at another company? A desire to retire early and sit on the beach (in a sand-proof suit, of course)? That's your piece of sand. Now, instead of just letting it irritate you until you can't stand it any longer, treat that irritant like an oyster would. Use it. Grow it. Make it a focus of your life.I … [Read more...] about Is That a Pearl or Just Sand in Your Crack?
Verbal Abuse at Work? Listen to the Christian Bale Uncensored Audio
Liz over at The Inside Job has an interesting post on bully behavior. Basically, actions that "intimidates, degrades, offends, or humiliates a worker, often in front of others. Bullying behavior creates feelings of defenselessness in the target and undermines an individual’s right to dignity at work."On the receiving end of Bale's tirade was Shane Hurlbut, the Director of Photography on the new Terminator film. Below is the uncensored version of the alleged Bale audio. NOT work safe.Is this a verbal reprimand from someone who is passionate about what he's doing or is he being nothing more than a high school yard bully? … [Read more...] about Verbal Abuse at Work? Listen to the Christian Bale Uncensored Audio