How Todays High-Demand Jobs Impact Salaries

How Todays High-Demand Jobs Impact SalariesHow Todays High-Demand Jobs Impact SalariesHow Todays High-Demand Jobs Impact Salaries Rodd, PayScaleDespite the dubious Fiscal Cliff, wage growth in the US has continued to flourish. Across all industries measured by the PayScale index, Q4 2012 showed some of the strongest progress since 2006, including small business salaries.While this is good news for job seekers, increasing wages for high-demand jobs can be a double-edged sword for some companies, including retaining top employees, while simultaneously designing a compensation strategy that attracts new talent.This is especially true in industries that experience an increase in wages, and in companies that offer and require specialized job skills.Lets take a look at industries that are offering high-paying jobs.Energy and Healthcare Lead the WayThough most industries saw an upsurge in wages, the current power players in high-demand jobs are energy, tech, and healthcare staffing.Addition ally, wages in mining, oil, and gas exploration and utilities experienced a national increase of almost 6 percent over the past year, as well as rising projected growth rates over the next ten years.Energy wages were already seeing a steady increase during less prosperous economic times given the mandate for oil and other innovations in energy-related technology. It is highly likely that we will see an increase in alternative energy jobs as well, including the need for advancement in related fields.As demonstrated by the PayScale Index, energy wages are not the only hot job commodity. IT jobs continue to thrive, especially in tech-savvy cities like Seattle, San Francisco, and Boston, which all respectively experienced an annual wage growth of more than 3.9 percent.Tech Skills Are BoomingThe need for software developers and IT staffing is booming, mixed with increasing projected growth rates (upwards of 30 percent) that show no sign of slowing down, as shown in the Payscale Index.Eve n with the amplified demand for accomplished tech talent, the available talent schwimmbecken remains shallow, creating a highly competitive labor market.Whether your industry experienced the same types of wage growth, keep in mind that any economic upswing will permeate throughout the overall job market.This can be a gradual process, which is why an arsenal of data is your best line of defense in the talent wars. Determining wages based on economic trends will undoubtedly encourage star employees to explore other options.Pricing jobs above the market rate is the only way to remain competitive as wage growth is on the rise.The chart below outlines some of the hottest high-demand jobs in the current market, with their projected growth rate and median salary ranges.Creating individual pay ranges, or offering a market premium for these high-paying jobs will help you gain new talent, and prevent competitors from attracting outstanding employees.Job TitleRelative Experienced Median Pay201 0-2020 Projected GrowthBiomedical Engineer$79,50061.70%Nurse Home Care$61,00070.50%Marketing Consultant$92,10041.20%Actuary$136,00026.70%Clinical Research Associatie (CRA)$90,70036.40%Software Architect$119,00024.60%Financial Advisor$90,20032.10%Certified Financial Planner (CFP)$89,50032.10%Security Consultant (IT)$102,00027.80%While its exciting to see the economy improving, businesses must remain vigilant about pricing jobs in high-demand fields.Read mora about Wage Trends in the Resource CenterMonitor Todays Wage Trends to Win the War for TalentHow to Pay Highly-Qualified Part-Time TempsHow to Gain Executive Support for your Compensation Plan

Avoid the Pitfalls of Employee Recognition Programs

Avoid the Pitfalls of Employee Recognition ProgramsAvoid the Pitfalls of Employee Recognition ProgramsAvoid the Pitfalls of Employee Recognition Programs Grenny, co-author of Influencer The New Science of Leading Change (McGraw Hill, 2013)To many employees, being singled out in front of and compared to peers might not be all that rewarding. It could be just the equivalent of saying, Congratulations Heres a hundred dollars, a beautiful plaque with your name engraved on it and four weeks of unrelenting ridicule from your coworkersComedian Demetri Martin summed up the way a lot of employees feel about such programs when he said, I think employee-of-the-month is a good example of when a person can be a winner and a loser at the same time.Why Rewards Can BackfireOrganizational scholars have long found that many employees leave corporate award ceremonies not motivated and excited as intended but with exactly the opposite reaction. They exit demotivated and upset because they themselves we rent honored.In fact, many binnensee the whole ceremony as a sham. Interviews reveal that typically half of those who attend corporate awards programs believe that they were far better qualified than the person who was honored but that they didnt get picked for political reasons.And its not just token awards that can go amiss. You could fill volumes with stories of how carefully considered incentive schemes have run amok.One hospital, for example, found that anesthesiologists who were paid based on personal production were less willing to jump in and help one another when someone elses patient was reacting badly.Drilling for a BonusConsider a couple of the former Soviet Unions attempts to dabble in incentive schemes. In the energy sector, rubles were literally being thrown away in the search for oil reserves because Soviet workers received bonuses according to the number of feet they exerzierened. It turns out that its far easier to drill many shallow holes than to drill a few deepe r ones which is exactly what happened.Instead of following the geological advisories to drill deep to find existing reserves, workers were happy merely poking the surface over and over turning up very little oil. After all, its what they were rewarded for doing.Employee Incentives Gone Askew One woman we worked with a manager at an internationally renowned company decided that her employees lacked business innovation, so she instituted a simple suggestion program. What could be more innocent?To encourage creativity, she asked each work group to meet for at least a half hour per week to brainstorm new work methods, solutions to longstanding problems, and possible new products. To put teeth into the new program, she put together a committee that reviewed submissions and then awarded cash prizes to employees who came up with ideas that were judged as real moneymakers.Within a few months the cash-for-ideas program had completely broken down. In fact, members of one work group ended up beating up one of their own team members as a result of the program.It turns out the team came up with a really good idea, and Charlie, the aforementioned team member, promised that hed take care of the paperwork. He then submitted the suggestion under his own name and kept the $5,000 bonus for himself. When his teammates found out about the deception, first they confronted him, then someone shoved him, then a melee broke out and Charlie ended up in the emergency room.To avoid further injuries, the owner did away with the incentive program. Of course, she leise invited suggestions, but none came in. Employees now believed that she was shorting them by asking for ideas without offering incremental pay.She had hoped to use the suggestion program to stimulate innovation, but she found that by paying people for their thoughts, she had inadvertently sent the message that making suggestions was outside a persons normal job requirements. Now employees believed that if they came up with a good idea, they deserved to be paid a bonus. Otherwise, they were being exploited.A More Rewarding ApproachSo, the question is, how do you use incentives wisely?Take care to ensure that employee rewardscome soon, are gratifying, and are clearly tied to vital behaviors. When you do so, even small rewards can be used to help people overcome some of the most profound and persistent problems.When you do want to provide a supplemental reward to help shape employee behavior, as the much maligned adage goes, its often the thought, not the gift, that counts. Thats because the thought behind an incentive often carries symbolic significance and taps into a variety of social forces that carry a lot of weight, much more so than the face value of the incentive itself.So, as you think of awards, dont be afraid to let the thought behind the award carry the burden for you.Author BioJoseph Grenny, along with Kerry Patterson, David Maxfield, Ron McMillan and Al Switzler, are authors of Influencer T he New Science of Leading Change(McGraw-Hill, 2013). They are the leaders of VitalSmarts, an innovator in best practices training products and services that has taught millions of people worldwide and that has worked with more than 300 of the Fortune 500 companies.

Customize this Impressive Budget Manager Resume Sample

Customize this Impressive Budget Manager Resume SampleCustomize this Impressive Budget Manager Resume SampleBecause a budget managers extensive responsibilities require a high level of skill, intelligence, and dedication, demonstrating these qualities throughout your resume is essential to landing a good job. Though it may seem intimidating, crafting your own professional resume doesnt have to be overwhelming or challenging. Using a relevant example can provide the inspiration you need to breeze through the writing process. Our budget manager resume sample below can help you develop a winning document by serving as a guide in organization, best practices, and formatting. For maximum impact, compare your resume against the example to determine whetherbei you have effectively communicated your most applicable skills and experience. A resume builder is also available if you need additional support.Create Resume Stanley Upton100 Broadway LaneNew Parkland, CA, 91010Cell (555) 987-1234sta nuptonexample.comProfessional SummaryDedicated Budget Manager who works diligently to make sure that all projections and forecasts match with original budget figures. Adept at developing long-term business plans, creating useful income tracking spreadsheets and assisting in the entire budgeting process. Specializes in departmental budget adjustments and new business budget planning.Core QualificationsAble to compare aging reports and other income spreadsheets with any budget projectionsStrong computer software skillsExcellent kollektiv management and building abilitiesWorks well under tight deadlinesExceptional employee training and management skillsCan work with any level of managementExperienceBudget Manager, March 2011 February 2015Jason Corporation New Cityland, CAWorked closely with all departmental managers to review and update budgets.Assisted in collecting necessary information for new business planning.Responsible for auditing actual performance numbers and comparing them to budget projections.Budget Manager, June 1998 April 2005Kilroy Company New Cityland, CADeveloped quarterly budget analysis reports for management.Played key role in budget planning meetings prior to the start of each year.Education1998 Bachelor of Science, AccountingCrete College New Cityland, CACustomize ResumeWhy Is This a Good Budget Manager Resume Sample?A strong, succinct summary statement is vital in convincing hiring managers to read through the remainder of your resume. The professional summary example in the budget manager resume sample exemplifies the style and structure necessary to make the most of this section. By specifically focusing on the jobseekers most relevant experience and expertise, such as adept at developing long-term business plans, and specializes in departmental budget adjustments, this section helps position him or her as a promising candidate worth pursuing. The clarity, applicable details, and bulleted structure of the qualifications section also contribute to the overall impression of the budget manager resume sample. With multiple applications to review, it is common for employers to simply scan over each resume. A concise and focused qualifications section that quickly and effectively demonstrates the qualities you bring to the table is critical. Instead of wasting useful resume space on generic statements, the sample jobseeker capitalizes on this section by listing job-specific skills and capabilities, including an ability to compare aging reports and employee training and management skills.In the work experience section, the example jobseeker follows a few simple but crucial practices for greater impact. Structuring this section in reverse chronological order with short, bulleted statements lends to its readability, while the use of strong verbs at the start of each line adds an attention-grabbing punch. Though the candidate only lists two previous positions, the specific duties and responsibilities mentioned help make the most out of this section. Finally, the education section supports the claims and expertise referenced throughout the resume with a solid, demonstrable achievement. In listing the school attended, graduation year, and degree earned, the jobseeker communicates the most important details without any distracting fluff. It is also important to note that because a bachelors degree, like the one listed in the example, requires a high school diploma, it is unnecessary to include high school graduation information.Why You Need a Strong Budget Manager ResumeAlthough some industries in various parts of the country are experiencing a surge in the market, projected job growth for budget manager is relatively low. Unfortunately, this may result in an oversaturation of applicants vying for limited positions, increasing the competition you must outshine in order to land interviews. This is where a clear, well-designed, and comprehensive resume can make all the difference. Many budget manager p ositions often require a unique tischset of abilities and experience, but it doesnt matter how qualified you are if the hiring manager doesnt read your entire resume. By conveying your qualifications in an easy-to-read and cohesive format, a winning document can make an impression that inspires potential employers to read longer than the average 5-7 seconds typically given to resumes. Reviewing our budget manager resume sample and the accompanying tips can help you develop a read-worthy resume that sets you apart.Costly Budget Manager Resume Mistakes To AvoidIn a competitive market, even the most simple or common resume mistakes can hold you back from securing a job. Getting interviews often hinges on avoiding a few key resume pitfalls.Ingenuity, strong analytical skills, and proficiency in various computer software programs contribute to success as a budget manager, and many employers seek out these qualities in candidates. Neglecting to display aptitude in these areas could underm ine your chances of moving forward in the hiring process. In our budget manager resume sample, the jobseeker references budget analysis and long-term planning experience, and demonstrates computer skills through the mention of spreadsheets and software programs to convey proficiency in these areas. Because one of the most desired qualities in a budget manager is an exceptional attention to detail, it is imperative that you also double check your resume for any spelling or grammatical errors. False claims, wordiness, and padding your resume with irrelevant information can also sabotage your job search success.ConclusionGetting noticed among a sea of qualified applicants may be challenging, but a strong resume can propel your name to the top of the list. With the help of our budget manager resume sample, you can develop a powerful summary statement, focused skills section, and comprehensive experience section that will impress hiring managers and help you stand out.Budget Manager Resu me Questions1. What is the best design for a budget manager resume?As you can see in the budget manager resume sample, the best resume design for a budget manager is one that is classic and easy to read. Use a plain font that looks good online as well as on paper. If you have no solid work experience or are changing careers, opt for a functional or hybrid resume template. ansicht designs make it easier for you to show off your skills and make gaps in your employment history less noticeable.2. What should your education section look like in a budget manager resume?Place your most recent degree at the top of the section. Avoid providing information about high school unless it is the only education you have. It is also acceptable to list partial education, such as if you went to college for two years but did not graduate. For each listing, format it like the budget manager resume sample, providing the name of the school, its location, the dates you attended, and the degree you earned o r courses you took. If you were on the Deans List or an honors student, you can include this information in a bullet list.3. What goes in the qualifications section of a budget manager resume?The list of qualifications should be a mixture of hard and soft skills. Like the budget manager resume sample, display hard skills at the top and soft skills further down the list. As a budget manager, expect to list software skills. Common examples of what companies look for include Intuit QuickBooks and Microsoft products. Financial analysis software is also important. Excellent examples of soft skills common in the industry are communication, collaboration, and time management skills.4. If youve never held a budget manager job before, how can you make a budget manager resume?The key to making a document as good as the budget manager resume sample is to follow some straightforward steps. Start with a clean layout. Simple fonts and colors look more professional and are easier to read. Include a URL of your LinkedIn profile to show recruiters that you have a professional rapport. monitor two or three major peaks in your career, education, or industry-related organization experience on your professional summary. Play up any leadership positions you held in college and focus on quantifiable achievements wherever possible. Showing you get results makes an interviewer more interested in contacting you.5. What should you include about your accomplishments on your budget manager resume?When writing a resume like the budget manager resume sample, keep in mind that recruiters want to see a list of your accomplishments, not the responsibilities you had at your last job. Did you make money for previous companies? Did you win awards? Did you solve a herausforderung? How much money did you make for the company? How did solving a problem benefit the company? As you answer these questions, tie them together to create a bullet point. For example, if you found a mistake in the last compa nys inventory budget and fixed the error, you saved the company money and solved a problem at the same time. If youre still stumped, use the resume builder to create a resume in minutes.