IBM appointed Admiral Michelle J. Howard, the first African American woman to command a U.S. Navy ship, to its board, the company announced Tuesday.
A former U.S. Navy officer, Howard was the first woman to become a 4-star admiral in addition to becoming the first African-American woman to command a U.S. Navy ship, according to IBM’s announcement. In July 2014, she became the first woman and African-American to be named Vice Chief of Naval Operations, IBM said, and she retired from her 35-year career in December 2017.
Howard now teaches cybersecurity and international policy at George Washington University, according to the release.
Howard’s board appointment will be effective March 1.
IBM CEO Ginni Rometty said in a statement in the release, “Admiral Howard is a groundbreaking leader with a distinguished career in military service. Her leadership skills, international perspective and extensive experience with cybersecurity and information technology will make her a great addition to the IBM Board.”
Commission can be a confusing topic for anyone, whether you’re great with money or not. Maybe you’re considering a job with a commission structure or are currently in a field where commission is a big chunk of your compensation.
If you’re not sure how it all works in the business world, we’ll break down the concept so you come out a little wiser than you were before.
What Is Commission?
Commission is additional compensation that’s earned based on job performance. When you agree to a commission-based role or commission structure (often by signing an agreement), you agree to be paid a certain amount of money that’s dependent on hitting some goal—goods sold, meetings closed, hires placed, to name a few examples.
What Kinds of Jobs Work Under a Commission Structure?
When you think of commission, your mind immediately goes to a sales-type role (think of a retail salesperson trying to get you to buy that extra pair of jeans). Commission is popular in most sales jobs because their responsibilities are heavily tied to a company’s revenue goals. Having the opportunity to earn commission—sometimes a hefty amount—motivates those individuals to hit or get close to their quarterly or yearly goals.
But commission can pop up in other places, too. In recruiting, you’re often provided a commission on each candidate you successfully place—usually a percentage of their annual salary. As an account manager, you can earn commission on clients you upsell or renew for the year. And in real estate you can get a cut of the money you make selling a property. In fact, in some roles commission makes up almost all of your compensation, meaning your income is variable and highly dependent on your output.
When Is Commission Paid Out?
It works differently at every company, but in general commission payment can be distributed monthly, quarterly, or yearly, depending on a company’s structure and when commission is considered “earned.”
For example, a company may define commission “earned” for a salesperson as when the new client signs a contract. This means that the employee who sold the deal won’t get their commission until a signature is collected and the deal is verified (which usually means they double check to ensure the right salesperson is compensated and the overall transaction is clean and accurate).
Another example: In recruiting, typically commission is earned when someone is hired and stays at the company for a period of time, maybe three or four months. If the new hire leaves before then, the recruiter doesn’t get the commission.
How Is Commission Calculated?
Commissions can be calculated by a set percentage or by a formula. As mentioned above, a recruiter generally gets a percentage of the new hire’s starting salary (usually 10 to 20%), while sales people may have a formula-based commission structure.
Take this scenario. In sales, your total compensation could be 50% base salary and 50% commission. So if your total yearly compensation agreement is for $100,000, $50,000 of that is guaranteed for the year and $50,000 is based on how well you perform. You may earn less than the $100,000 if you don’t reach your goal, but you may also be able to earn more than that number as long as your company doesn’t have a cap or “ceiling”—meaning the point at which an employer stops paying you more commission.
But a company may use an upward sloping curve to decide commission (where you’d earn less than 60%) because they want to really incentivize employees to get as close to their goal as possible—and to even exceed it and make a lot more money. What can be frustrating about this, of course, is that it’s not an easy formula to follow, so it’s not entirely clear what your commission will look like until you receive your paycheck.
They could also use a tiered model (the staircase line). This means you earn the same dollar amount of commission until you reach a certain percentage of your quota, where it jumps up in amount.
There may be other exceptions when you can earn more than the formula typically allows. If you sell a deal where the customer signs on for two years or a special kind of product, for instance, you may earn extra commission for that.
There’s also a concept called a “minimum performance threshold” or “floor,” which is common for more senior-level employees. This basically means that the person must get some percentage to goal in order to start earning any commission—the understanding being that a certain level of underperformance is unacceptable.
If you’re unclear as to how your commission is calculated, talk to your HR or finance departments, or your boss or team lead.
What Happens if I Leave a Job Before Getting My Commission Check?
Whether or not commission is owed to an employee after they’ve been terminated or left a role depends on a number of factors, including what’s defined as “earned” between the company and the employee and state wage law (you can see your state’s rules and regulations around wages here).
Continue on to The Muse to read the complete article.
Here’s advice on overcoming the mental roadblocks employment gaps create before they sabotage your job search, from those who’ve been there.
William Childs loves his new job. He is Marketing Director at Kitchen Magic, a growing national kitchen remodeling and cabinet refacing company. “This job is a creative person’s dream. The product, the people, the collaborative ideas we are generating, it’s totally amazing,” Childs says. “This is what I spent my 14-month employment gap searching for, and I am so glad I didn’t give up on my career goals.”
Employment gaps do not define you
According to a recent Randstad U.S. study, the average job search today takes about five months. When Childs was laid off late in 2017 from an executive-level marketing job, he did not anticipate a longer-than-average employment gap. He explained: “When my old job was eliminated, it was the first time in many years that I had no specific job to go to next. I had always benefited from people just knowing me and my work, so starting from scratch while unemployed felt pretty weird.” When a few leads at the beginning of his job search didn’t materialize, he felt a bit demoralized.
According to a 2019 Monster survey, 59 percent of Americans have had an unexpected gap in their career. For a lot of people looking for jobs with a gap on their resume, there can be internalized feelings of shame, says Michael “Dr. Woody” Woodward, Ph.D., organizational psychologist, CEC-certified executive coach, and author of “The YOU Plan.” “Shame puts on a lot of added pressure to an already stressful time, which can lead to obsession,” Dr. Woody explains. “Don’t victimize yourself over a lost job or a failure in the past. It can be debilitating.” He advises readers to recognize their setback as just that, a setback — then deal with it and move on to better things.
Childs did keep moving forward. He designed an online portfolio and kept adding to it during his hiatus by taking on freelance work. He wrote for an online magazine and volunteered his talents to local non-profit groups. A year into his search, he took an advertising sales job as he continued to apply for positions. “The sales job was what I needed to do financially, and what I needed to do for my own piece of mind,” he reflects. “I was earning income, learning, and connecting with people. It helped me a lot.”
While he did not give up on finding an innovative executive marketing position, Childs needed ways to stay focused and positive on his continued career search. When it comes to overcoming the mental roadblocks employment gaps create, the following advice can help keep you more focused, motivated, and confident.
1. Honesty really is the best policy
Susan is happily employed in Reno, Nevada at The Slumber Yard, a specialty online clearinghouse of reviews, comparisons, and deals for mattresses and bedding products. Prior to taking the job last year, this mattress review specialist (whose name has been changed for this piece) had left the workforce to care for her young son after he was injured in a serious accident. When she was ready to re-enter the workforce, Susan crafted a very targeted resume and cover letter that succinctly addressed her employment gap. Still, the two-year pause in her career had her a little nervous. “I wasn’t exactly sure what the job market would be like for me,” she remembers.
“Her resume had everything we were looking for, and when she told me why she had a gap in her employment history, her honesty really impressed me,” says Matthew Ross, The Slumber Yard’s Co-Founder and COO. Ross immediately called Susan in for an interview. “Her experience and knowledge of our industry are what got her the job. But, the way that she explained her employment gap really showed her character, both as a person and as a professional.”
You can explain your employment gap without oversharing, says Dick Lively, Partner and HR Consulting Director at RAI Resources in Bethlehem, Pennsylvania. “On a resume or in a cover letter, saying you took time to care for a family member who was ill or that you relocated across the country for your spouse’s job should be enough detail. Keep it professional but not too personal,” he says. It is also OK to exclude a gap explanation from the resume altogether, so long as you are prepared to address it during the interview if you are asked. Just don’t make something up. “At the end of the day, the truth always comes out, explains Lively. “You don’t want to face a potential employer or a new boss and try to explain why you lied.”
2. Don’t stop networking
Your first instinct may be to hide away until you have a new job, but that will not help your efforts. In fact, it might even hurt them. Keeping your name and face out there can help you get an introduction to a hiring manager. Plus, it’s great practice for interviews. “For me, I talked about the creative process and exchanged ideas; it helped me formulate how to best present myself as a job candidate,” says Childs.
Lively suggests that you don’t wait too long after your last job ends to start networking: “It is not only important to get your name out there and to hear about jobs that may be coming up through the grapevine,” he explains. “You also need to talk shop and connect with people. The longer you wait, the less confident you may feel. Interpersonal skills need to be kept sharp, just like any other skill.” That said, it is OK to take a few days or even a couple of weeks after your last job ends to regain your composure before you start networking. The last thing you want to do is get emotional about your job loss in front of your professional connections.
3. Expand your network
As valuable as your tried-and-true network of professional connections is, Dr. Woody cautions that you shouldn’t always drink from the same well when you are trying to find a new job. “Always networking with the same group of people can put blinders on your job search or create an echo chamber where you keep repeating the same steps that aren’t working anymore.”
Expanding his network definitely helped Childs. “Learning about new businesses and how they do things and connecting with new people is very inspiring,” he says. Telling new people a bit about yourself helps remind you about your talents and experience. You don’t know what else is out there if you don’t ever mix things up.
4. Own your truth
“You can, and should, use a positive spin when talking about your experiences,” says Childs. During an interview or a phone screening, don’t try to hide what caused your employment gap. Don’t complain or point fingers either. Tell your story concisely and truthfully, ending with what you learned or what you have gained since. When Childs interviewed with his new employer, he was prepared to lay his cards on the table when the question came up about his resume gap. His honest, three-sentence elevator speech consisted of:
I was laid off when my department was eliminated.
I am now doing advertising sales. It’s not me, but it’s a job, and I am proud of the quality of work I do.
I have learned a lot about customer service through this sales experience, and I can apply that knowledge to my next marketing and creative position.
Dr. Woody believes this kind of planning is invaluable: “Preparation builds confidence. Working on your narrative reminds you that you have talent and have a lot to offer an employer. Taking time to boil it down to a concise summary instills it in your mind. This is who you are.”
5. Keep up a motivating routine
For years, Childs has emailed daily “Thought Bombs” to colleagues and friends. These are quotes he has collected on creativity, inspiration, and business integrity. Throughout his 14-month job search, he committed himself to continuing this morning ritual. “It got me up and thinking, ready for the day,” he says. “On my worst days, I would tell myself, ‘All I gotta do is get out of bed and deliver the Thought Bomb,’ and it really helped me get moving.”
“I really love this,” says Dr. Woody. “He used this routine to get himself into the right mindset each day. He had a purpose that was of value to his mailing list, and the discipline it took to do this daily task set his whole day in positive motion.” For other people, the routine could be mediation, exercise, journaling, or some other daily ritual.
6. Concentrate on the connection
Childs kept himself well-versed in the current ideas and trends in his field. His knowledge and passion for his work inevitably crept into his cover letters and interviews. “People are much more engaged with stories that are filled with excitement, passion, and personality,” says Childs. “Bragging and standard-issue talking points get stale quickly, but if you can connect with someone about what truly motivates and inspires you, they won’t forget you.”
Coming across as arrogant or whiny is a red flag for employers, notes Dr. Woody. But sharing insights and understanding about your field is a way to help them envision working with you. It also helps them put your employment gap into perspective in relation to your qualifications and talent. He explains: “People remember more about how you made them feel than about the specifics of what you said.”
Continue on to Top Resume to read the complete article.
Diversity and inclusion have become buzzwords in today’s corporate world. But diversity and inclusion must be more than a paragraph in a brochure, a few sentences on a website, or an occasional reference in the employee newsletter.
Firms need to fully embrace these values to reap their true, resounding benefits. But what does an intrinsically diverse company look like? Without being forced or contrived, contemporary companies thrive with a fundamental understanding of ways that employees from all walks of life make the office a better place to work.
A diverse workforce does more than offer varied employee perspectives; it changes the makeup of a company from the inside out. In fact, research shows that ethnically diverse companies are 35 percent more likely to earn above-average revenue and 15 percent more likely among gender-diverse companies. Clearly, there are reasons reaching far past the surface that make diversity and inclusion in the workplace so important in 2019.
The rise of the Internet and social media has brought us closer together, allowing us to share more with a larger global audience. As such, companies are also sharing more about their inner workings, specifically showcasing their workplace culture. With an extremely clear vantage point inside your business, any person can see what your company is about at any point in time.
Your reputation as a diverse brand truly depends on the extent to which you are willing to fully implement the concept into the day-to-day. When your company mirrors the world around you, the realities, insights, and experiences of the collective are embedded into the way your firm does business. And today, people want to work with those they can relate to. The company that truly represents everyone effectively markets to different socioeconomic groups, races, and genders.
Better Service for Your Clients
As part of the expanding global market, clients are no longer one-size-fits-all. According to Rosetta Stone, bilingual employees earn an average of 10 percent more in revenue for their respective companies. Furthermore, employees who speak different languages or who are familiar with other cultures are an asset to national and local corporations alike. As clientele diversifies, your workforce should as well for your customers’ benefit and your own.
Diversity Goes a Long Way in Recruitment
According to Glassdoor, now more than ever, people value diversity as one of the top qualities in a potential employer. Rather than hiring from the same pool of candidates, firms that expand their search to include different schools, environments, and geographic areas have a larger selection of people with various specialties. In recruiting and retaining a diverse workforce, companies will have a wider appeal to candidates who otherwise might not have applied.
Innovative Ideas Come from Diverse Groups of People
It goes without saying that different ideas come from different groups of people. Creativity and innovation are aspects that every office needs to be successful.
As one of the main catalysts for both of these attributes, diversity fosters growth that spans across every sector of the company.
In fact, research from Michigan University shows that groups with members from different backgrounds solve problems faster and more effectively. A clear example of innovative ideas generating solutions, this study— Groups of Diverse Problem Solvers Can Outperform Groups of High-Ability Problem Solvers—shows the value a diverse team can bring to your company. With a wider pool of perspectives, teams reach solutions more easily through creative, collaborative thinking.
Retain More of Your Employees
The gig economy is alive and well. According to Mercer.com, people leave jobs at a faster rate than they ever have before. Employees will likely be more inclined to stay at companies where they feel valued, heard, and understood. Fostering growth for more people in your company, regardless of their background, is something everyone can get behind.
In making everyone feel included and represented, more employees will mirror the investment. People want to work for companies that make the effort and look out for their employees’ best interests; committing to diversity is in everyone’s best interest.
About the Author
Francisca Brown is the Senior Director, African-American Multi-Cultural Market Strategy, at Northwestern Mutual.
Not only is the Women’s Business Enterprise National Council (WBENC) the largest certifier of women-owned businesses in the United States, but it is also one of four organizations approved by the Small Business Administration (SBA) to provide Women-Owned Small Business (WOSB) certification, as part of the SBA’s Women-Owned Small Business Federal Contracting program.
Each year, the federal government sets a goal to award at least 5 percent of all federal contracting dollars to certified Women-Owned Small Businesses (WOSBs), particularly in industries where WOSBs are underrepresented. Becoming a certified WOSB and joining the SBA’s contracting program ensures your business is eligible to compete for federal contracts set aside for this program.
Who is Eligible?
To be eligible for WOSB certification, your company must:
Be at least 51 percent, unconditionally and directly, owned and controlled by one or more women, who are U.S. citizens.
Be “small” in its primary industry in accordance with the SBA’s size standards for that industry. Use the SBA’s Size Standards Tool to check your industry.
Have women manage day-to-day operations and also make long-term decisions.
What Are the Benefits?
Becoming a certified WOSB and participating in the SBA’s WOSB contracting program allows your business to compete for federal contracts within a more limited pool of other qualified WOSBs, thereby increasing your chances of winning business.
These contracts are for industries where WOSBs are underrepresented. Check out the SBA’s list of eligible industries and their NAICS codes.
How Do I Get Started?
If you are already a WBENC-Certified Women’s Business Enterprise (WBE), you can easily apply for WOSB certification as part of your recertification process at no additional charge.
Before starting the application process, please review the criteria for certification and ensure you meet the SBA’s size standards for your industry. When you are applying for recertification, select “Yes” to the WOSB certification question and upload the documents labeled “WOSB Applicants.”
If you are a women-owned business and not yet certified by WBENC, take a moment to read about the benefits of WBENC Certification to see if it is a fit for your business. WBENC is the nation’s largest certifier of women-owned businesses and our world-class certification standard is accepted by more than 1,000 corporations representing America’s most prestigious brands. If you choose to apply for WBENC certification, you can apply for WOSB certification at the same time.
It’s important to note that once you receive your WOSB certification, you still must complete additional steps to participate in the WOSB Federal Contracting program, including providing proof of certification information through certify.SBA.gov, and updating your business profile at SAM.gov to show contracting officers that your business is in the women’s contracting program. Check out SBA.gov for details.
Where Can I Learn More?
Visit wbenc.org/government for details on the WOSB certification process, documentation required, and frequently asked questions.
For more information about the SBA’s WOSB Federal Contracting program, visit SBA.gov.
“Where do you see yourself in 5 years?” When a hiring manager asks you this, there may be a few things running through your brain. “Moving (way) up the ranks,” “running this place,” “working for myself,” or “in your job,” for example. None of which are necessarily things you should say out loud in an interview. So, how do you answer, “Where do you see yourself in five years?” This can feel like a bit of a trick question, because sometimes the answer is, “not in this job,” or, “in your job,” or something like, “at a bigger better opportunity elsewhere.” But none of those are things you actually want to say to a hiring manager.
The good news is you can be honest while still telling them what they really want to know. Do you have realistic expectations for your career? Are you ambitious? And does this particular position align with your growth and goals overall?
For example, one way I like to think about it is: Think about where this position could realistically take you, and think about how that aligns with some of your broader professional goals.
So, for example, you might say, “Well I’m really excited by this position at Midnight Consulting because in five years, I’d like to be seen as someone with deep expertise in the energy sector, and I know that’s something that I’ll have an opportunity to do here. I’m also really excited to take on more managerial responsibilities in the next few years and potentially even take the lead on some projects. I’ve been lucky enough to work with some amazing managers, and so developing into a great manager myself is something I’m really excited about.”
Continue on to The Muse to read the complete article and view the video.
Meet Jade Colin, the youngest black woman to own a McDonald’s franchise.
The New Orleans native, has always been independent and a hard worker. The 28-year-old started her career in college while working the night shift at a local McDonald’s.
There, she earned promotions and awards, inspiring her to purchase her own franchise.
After graduating from the University of Louisiana with a business degree in 2012, Colin applied for the Next Generation program for children of McDonald’s owners. During the program, Colin earned several awards for her business management skills.
She received a Ray Kroc Award and was recognized as one of the top McDonald’s restaurant managers in the country.
After she finished the two-year program, Colin became a manager at her parents’ franchise. From there, she planned to open her own – and she succeeded.
Colin opened her first franchise in 2016, and she is still the youngest black franchise owner.”
As an African-American community, we need more men and women to know that it’s not just about right now, but it’s about the generations to come,” she told The Black Professional.
It has been more than 30 years since Riverdale star Robin Givens walked away from an abusive marriage, the traumatic union dissolving in a highly publicized fashion. While it’s a chapter she doesn’t feel the need to dwell on, she has used the experience, along with her platform, to assist and empower fellow survivors of domestic violence and raise awareness for the cause.
Her advocacy has included service as a spokesperson for the National Domestic Violence Hotline, working in support of the YWCA USA (a leading provider of domestic violence and sexual assault programs and services) and DV Leap, which fights to advance legal protections for victims of domestic violence. Givens also serves as a keynote speaker, donates supplies, and makes personal visits to shelters.
It’s an admittedly hard thing to do, and Givens acknowledges that after decades of dogged involvement, she has eased up on revisiting the past to focus on the future.
“I’ve been fully involved for almost 20 years, and it’s not an easy thing to do, because I have to travel back in time,” she says. “When I went through that moment in my life, I was younger than my oldest son—I was a baby! I don’t want to walk around with the weight or badge of that—no one does. I’m ready to live, thrive, and be all that God intended me to be.”
Her eyes may be set toward the future, but her hands remain behind to uplift those battling their way through a storyline she knows too well. It is, she accepts, a part of her purpose.
“We all wrestle with our purpose,” she says. “But why go through something if you can’t use the experience to help someone else? It can be hard, sure. But I try to do what I can, as much as I can, whenever I can.”
Her message to those who are facing or living in the aftermath of abuse is clear, concise, and urgent: “You are not alone, and it is not your fault. You have to leave to be safe. And when you get out, and you’re tired of living just to survive, turn your focus to thriving. Now is your time.”
The Power of the Post
After a recent appearance on the Wendy Williams Show, Givens was asked if she could imagine going through her tumultuous marriage during the age of social media—wouldn’t it have been crazy?
Her first thought? That time in her life couldn’t have gotten much crazier. Her second? That actually, a social media presence might’ve proved to be a useful tool in showing her she wasn’t alone and convincing her to leave earlier.
“I look at the impact that social media has had on the #MeToo movement, and I think the domestic violence issue is closely aligned in that it involves an abuse of power, and there really is something to social media when it comes to speaking your truth,” she said. “I say it’s wonderful in that you can stand up for yourself—if someone says something about you that isn’t true, you can just hop on Twitter or wherever and say your peace. Your voice has a platform, and there’s extreme power in that.”
Givens is far from labeling the societal mainstay as an absolute positive, though, admitting that society’s fascination with the image of perfection has definite setbacks. As a mother, she laments, thinking about the pressure young people in general and her sons in particular must feel to look a certain way and portray a perfect life.
“It’s a tricky thing, and I’ve played it from multiple perspectives—from being out of the spotlight and not caring in the least about followers or posting to being told I need to boost my engagements and post multiple times a day. It’s really hard to wrap my head around,” she says. “When it comes down to it, there’s an upside and a downside to social media—that’s where balance comes in, and we have to do our best to navigate the waters.”
It’s a balance Givens is learning to measure with increasing precision as she spends more and more time in the digital space promoting her current show, Riverdale, and hosting upcoming projects.
True to form, Givens never planned on landing a role on the hit show Riverdale as the town’s mayor. It’s an opportunity that found her in Houston cheering on her youngest son at a tennis tournament, of all places.
She’d spent the last few months easing back into acting after being challenged by her publisher to make herself her own project.
“It was actually pretty funny. My children were older and preparing to leave the nest, and telling me, ‘you’re always around mom, go do something,’ and I’d respond, ‘you’re what I do—what do you mean?’ So, when I received the call from my agent asking me to come out to audition, I didn’t think twice. I flew out, read, and by the end of the day, I had a job.”
Based on the Archie comic strip, Riverdale follows the life of teenager Archie Andrews and his high school exploits in the seemingly idyllic town. If you’re expecting the cookie-cutter storylines of comic strips past, though, you’re out of luck.
“I grew up in the age of Archie and the Pussycats and the whole gang, and I loved them, but in no way is this the Archie I grew up with,” she said. “The creators were brilliant in bringing everything current and dealing with issues that our youth are facing today.”
The best part of the remake by far—and what Givens is most proud of—is the diversity of the cast and the ease with which it’s accomplished.
“The thing I love most is that when you look at the show, you have black people and white people and gay people—so many people are covered, and it’s done effortlessly. It just looks like the world is supposed to look and moves the way the world is supposed to move.”
Riverdale isn’t the only role on her radar. As Givens continues to answer passion’s call, the upcoming projects are starting to stack up.
She stars on ABC’s newly premiered series The Fix, a legal drama co-written and executive produced by Marcia Clark (lead prosecutor in the O.J. Simpson case) that centers on a famous prosecutor searching for redemption and justice after losing a case and freeing a killer years earlier.
Givens is also set to lead an ensemble cast in OWN’s upcoming family drama Ambitions, produced by prolific producer Will Packer and set to premiere later this year.
What’s next on the list? Without a doubt, Givens has her heart set on two future goals: authoring another book and finding her way back to Broadway. Those plans aren’t written in ink, though—she knows they’ll manifest when they’re meant to—and not a moment before.
“It’s not necessarily part of a plan—those are just things I feel it’s important to do for me,” she says. “I’m at a point in my life where I realize that my happiness and passion for life is more important than having what people deem to be a ‘successful’ career; I’m just going with the flow and working on being the best, healthiest, and most well-rounded person I can be.”
God, truth, authenticity, and yoga. It’s a tried-and-true combination that has seen Givens through her highest peaks and deepest trials.
She’ll be the first to admit that had just one circumstance changed along her journey, life would’ve looked completely different. If her mother had anything to do with it, we’d have never known Givens as the femme fatale Imabelle in Rage in Harlem, the unapologetically feminist Jacquelyn Boyers in Boomerang, or the militant Kiswana Browne in The Women of Brewster Place—we’d be calling her Dr. Givens instead. But, despite the rollercoaster of ups and downs, she acknowledges her path has molded her into a woman she is proud of today.
“I’m very much a work in progress, and it’s hard to say I’m happy for all the difficulty I’ve experienced in my life, but it’s a big part of who I am now,” she says.
“I truly believe there is opportunity in adversity,” Givens continues. “When we find ourselves in the midst of a storm or some unimaginable circumstance, those are the moments to push and stretch to become all we were intended to be.”
The “it” takes different forms, depending on the context. If the focus is black wealth, the “it” represents the stock market. And in this context, investing time, energy and even money into something unseen can translate into a very risky proposition.
If wealth is a household objective in black communities, the stock market should absolutely be considered.
Low African-American participation in the stock market contributes to the widening wealth gap between black and white households, according to a 2014 study by Credit Suisse and Brandeis University’s Institute on Assets and Social Policy.
There are signs, however, that change is coming. To that point, according to a 2017 market research report, about 67 percent of African-Americans with incomes of at least $50,000 have money invested in stocks or stock mutual funds. That compares with 60 percent in 2010 and 57 percent in 1998.
Proven, tangible options — such as real estate, certificate of deposits and insurance policy contracts — have made the case for expanding one’s portfolio to include the stock market a tough sell for African-Americans.
Let’s be honest, when the stock market’s highs and lows show up in real numbers on investment statements, handling the ping-pong effect between euphoria and misery challenges even the best of us. The stock market as a long-term play requires trust, engagement and belief that “it” was created with us in mind.
The stock market features a concept that resonates with many African Americans: business ownership. In fact, entrepreneurship holds great importance for historically disenfranchised communities seeking greater access to goods, services and sustainable income. Business investment as a stockholder expands opportunities to join other stakeholders in the quest for profitability and returns, as well as to share the risks.
Some job listings will say “cover letter required,” while others don’t include any mention about it at all. When it comes to the ladder, many applicants often wonder, Should I submit one in anyway?
It’s a competitive job market out there, and hiring managers and job recruiters today spend about six seconds reviewing each resume. According to Glassdoor, a job search and salary comparison website, approximately 250 resumes are submitted for each corporate job listing, and only five or so candidates will be called for an interview.
So when is it necessary to send a cover letter? Here’s the thing: Hiring managers love them — they get you noticed quickly, show you’ve gone the extra mile and demonstrate how much you really want the job.
A bad cover letter, however, can hinder your objectives.
Don’t submit a cover letter if…
1. You have no interest in personalizing the cover letter
Many applicants will Google “cover letter examples,” pick one in a rush and model their cover letter after it. By doing so, not only will it be evident that you submitted a cover letter designed for mass distribution, but you might have overlooked some mistakes, like addressing the letter to the wrong person, company or even listing the wrong position you’re applying for. (Trust me, this is something hiring managers see all the time, and it’s absolutely cringing. It also takes away from their valuable time that could be spent reviewing your resume.)
2. You don’t have anything new to say
Hiring managers expect to read a compelling and impressive cover letter, not an exact replicate of your resume. (Think about how you felt when writing your personal statement for all those college applications; it was a big deal and you knew the admissions office were looking for someone who they’d feel proud to have representing their school). It’s no different with cover letters. Do you have any unusual hobbies that led you to be interested in the field of work you’re applying for? Is there a backstory that explains why you admire the company? Whatever you write, just don’t elaborate on your job history and skills (that’s what the resume is for).
3. You only have ideas on how to improve the company
Save the problem-solving suggestions for the job interview (that is, if you’re luck enough to get one), when you’ll 100 percent be asked those similar questions (i.e., “what would you improve about [XYZ]?”). A cover letter can be used as an opportunity to demonstrate your job knowledge, but don’t use it as an outlet to tell your prospective employer what they are doing wrong and how to fix it. No one likes hearing negative things about their business from a stranger, even if your feedback has merit. Curiosity, humility and tact will trump a “know-it-all” every time. Focus on the positive aspects and potential solutions for the business.
When to include a cover letter
Notwithstanding the above, the only time you should submit a cover letter is when you have valuable information to share that’s not conveyed in your resume. I’ve hired many candidates based on something that stood out in their cover letter.
Here are some examples:
1. A personal connection or referral
If you were personally introduced to a hiring manager (or someone high up in the company), always acknowledge that relationship in a cover letter. Who made the introduction? How you know them? Why did they think you are a good fit for the role? A personal referral goes a long way, so don’t miss out on capturing the advantage.
2. You have a history with the company or hiring team
If you have any link to the organization, it’s essential to connect the dots. Did you intern at the company? Did you cross paths when you worked for a supplier, a competitor or even a team member in a previous company? You never want to surprise the recruiter and have them hear about the connection from someone else; getting ahead of it will make you an exciting candidate and demonstrate that you’re a transparent and a proactive communicator.
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Everyone knows there’s money to be made in the financial services field. But there are many more reasons to consider a career in finance.
The industry offers diverse opportunities, a fast-paced environment, and lots of room for advancement. Are you creative and do you like to learn? Professionals in finance are constantly innovating—quick thinking, rigorous analytical thought, and consistent results are what will get you promoted. If this sounds like a good fit for you, consider these job titles (and their salaries!).
Annual salary: $125,000
Employment projected to grow 19 percent by 2026
Asset managers are responsible for the financial health of an organization. They produce financial reports, direct investment activities, and develop strategies and plans for the long-term financial goals of their organization.
Annual salary: $101,560
Employment projected to grow 22 percent by 2026
Actuaries analyze the financial costs of risk and uncertainty. They use mathematics, statistics, and financial theory to assess the risk of potential events, and they help businesses and clients develop policies that minimize the cost of that risk.
Personal Financial Advisor
Annual salary: $90,640
Employment projected to grow 15 percent by 2026
Personal financial advisors provide advice on investments, insurance, mortgages, college savings, estate planning, taxes, and retirement to help individuals manage their finances.
Annual salary: $75,240
Employment projected to grow 7 percent by 2026
Budget analysts help public and private institutions organize their finances. They prepare budget reports and monitor institutional spending.
Accountant or Auditor
Annual salary: $69,350
Employment projected to grow 10 percent by 2026
Accountants and auditors prepare and examine financial records. They ensure that financial records are accurate and that taxes are paid properly and on time. Accountants and auditors assess financial operations and work to help ensure that organizations run efficiently.
Everyone feels anxious or stressed out at times, but people can often overlook their overall mental health. Some UNC grad students think this is especially the case for African Americans.
Technology has become a necessity for many people today, and the App Store is flooded with resources that can help or improve someone’s life. Henry Willis, fourth-year doctoral candidate of psychology and neuroscience in the clinical psychology program, is leading the development of a mental health app that will target African-American young adults. He believes African Americans’ mental health is important but is often overlooked.
“The reason I’m targeting toward young Black adults is mostly because this is one of the groups within African Americans that are less likely to receive access to effective mental health treatment,” Willis said. “And it’s also the time period where just a lot of negative mental health symptoms start or get worse for a lot of people.”
This mental health app will cover a broad scope of things, but it is currently in the development stage. The first version will be on a website, but it will function like the final product, which will be a mobile app. Once they have enough data, Willis and the people helping him develop the app plan to do a pilot test and then export it to the Apple Store.
Since many apps and other products on the market aim to help people improve aspects of their lives, including weight management apps, Fitbits and Apple Watches, Willis thought a mental health app for Black people could be useful to many people who may not have thought about their mental health before. Within the app, Willis hopes to help people get a basic understanding of mental health and some of the things they can do to cope with negative mental health symptoms.
Chances are, if you’ve ever stuck a disk drive into a computer or printed from a computer or even used a computer with a color screen, you have computer scientist and engineer, Mark Dean, to thank for all of that.
While he may not be as known as computer gurus like Steve Jobs or Bill Gates, Mark Dean’s contributions to the personal computer aren’t any less notable.
He holds some of the largest, most groundbreaking personal computer patents including the first color PC monitor and the first gigahertz chip. He also co-invented the Industry Standard Architecture system bus, which allows for computer plug-ins such as disk drives and printers.
Born in Jefferson City, Tennessee, in 1957, Dean helped launch the personal computer age with work that made the machines more accessible and powerful.
From an early age, Dean showed a love for building things; as a young boy, Dean constructed a tractor from scratch with the help of his father, a supervisor at the Tennessee Valley Authority. While still in high school, he also built his own computer, radio and amplifier.
Dean also excelled in many different areas, standing out as a gifted athlete and an extremely smart student who graduated with straight A’s from Jefferson City High School. In 1979, he graduated at the top of his class at the University of Tennessee, where he studied engineering.
As an engineer, Dean proved to be a rising star at the company. Working closely with a colleague, Dennis Moeller, Dean developed the new Industry Standard Architecture (ISA) systems bus, a new system that allowed peripheral devices like disk drives, printers and monitors to be plugged directly into computers. The end result was more efficiency and better integration.
But his groundbreaking work didn’t stop there. Dean’s research at IBM helped change the accessibility and power of the personal computer. His work led to the development of the color PC monitor and, in 1999, Dean led a team of engineers at IBM’s Austin, Texas, lab to create the first gigahertz processing chip chip—a revolutionary piece of technology that is able to do a billion calculations a second.