Insight News

Monday
Nov 24th

Business

Wages have dropped, what is my work worth now?


Wages have dropped, what is my work worth now?
Job seeker Mary asks:  Off the top of your head, is there a web site where one can see today's wages for positions?  I know I won't make my previous income, but I’m not sure how much incomes have dropped.  She also wonders: What do you think will happen with the employees that never were laid off, still making their great pay while the workers who were let go and came back are earning 20 percent less?  Do you think those income gaps will eventually close?

I scoured my sources to find answers to Mary’s concerns.  I learned, first of all, that she is right.  When she goes back to work, in the same job, she can expect to earn less money for her efforts.  According to one employer survey, Applications Development Managers will earn 2.4 percent less than last year; the going rate for entry-level Administrative Assistants is projected to be 2.3 percent less.
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Former Oasis convenience stores/service stations in Twin Cities may sell at prices below existing debt

The 13 Oasis convenience stores being sold at auction in the Twin Cities metro area will likely sell for less than the current debt owed on the properties, according to bankruptcy trustee John Hedback. But the buyers will have clear, debt free titles.

"It's a definite possibility that the lender will take a loss on these, but that's just a reality of the current economic climate. For the buyers, any existing debt on the property they buy is irrelevant, because each property will be conveyed debt free, with a clear title," said Hedback.
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New grantmaking guidelines for unrestricted and field of interest funds

The Saint Paul Foundation new grant guidelines highlight its continued commitment to the broad East Metro community. Rather than narrowing its grant guidelines to focus only on specific sectors or issues, The Saint Paul Foundation has revised its grant guidelines to better include and reflect the diversity and breadth of services that are critical for creating a vibrant East Metro community.

“Our new grant guidelines reflect the inter-connected nature of our community and philanthropy,” said Scott Jones, board chair of The Saint Paul Foundation. “Today, nonprofits do not typically operate in silos; they operate across sectors, and we have reflected this in our newly defined and broadly inclusive grant areas.”
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Specialize, prioritize and capitalize: How star performers stay on top

Specialize, prioritize and capitalize:  How star performers stay on top One characteristic common to top performers is an ability to set and reach their goals. They don’t have more time than anyone else; they share a clock with the rest of us, a straight-up 24 new hours every day. But they use those hours effectively and that ensures their success. Accomplished professionals know they can’t do it all. They learn to specialize, prioritize and then capitalize in order to succeed.

Dr. Anne Moore at Tria keeps my family’s aches and pains at bay --no small feat in a household comprised of avid athletes and old people. People trust Dr. Moore because first, they like her, and, importantly, she specializes: she focuses her professional time and energy on sports medicine. She might also have knowledge about music and art and staining a deck, but if she tried to be an authority on each of those topics, it would hinder her from becoming an expert in the area that matters most to her.
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MPS seeks to increase business opportunities

MPS seeks to increase business opportunitiesThe Minneapolis Board of Education on September 14 voted to implement a policy that will enhance equal employment and business opportunities for minorities, women and diverse communities. Policy 3310: Business Partner Diversity promotes the participation of businesses owned and operated by minorities, women and diverse communities in school district procurement and contracts for goods and services. The policy is a proactive effort of the Minneapolis Public School district to partner with and foster economic development in the Minneapolis community.
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Motivational quotes inspire and ignite

Motivational quotes inspire and igniteA recent discussion on LinkedIn asked, “What’s your favorite motivational quote?”  The responses were many and varied and interesting to share. Motivational quotes can keep us going when the going gets tough, inspire us to achieve more, or remind us to have some fun once in a while.  Sometimes, simply seeing a quote in front of you every day can actually make you believe something about yourself and your capabilities that you didn’t believe before. 

What’s written on your wall?  Are you motivated by practical, common-sense sayings, deep and thought-provoking quotes, or funny one-liners you can repeat to your friends?
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Minneapolis Public Schools seek to increase business opportunities for diverse enterprises

The Minneapolis Board of Education on September 14 voted to implement a policy that will enhance equal employment and business opportunities for minorities, women and diverse communities. Policy 3310: Business Partner Diversity promotes the participation of businesses owned and operated by minorities, women and diverse communities in school district procurement and contracts for goods and services. The policy is a proactive effort of the Minneapolis Public School district to partner with and foster economic development in the Minneapolis community.
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