Monday, April 20, 2020

Resume Writing For Mothers Returning to Work

Resume Writing For Mothers Returning to WorkResume writing for mothers returning to the workforce may not be a new concept. Rather, it has been around since the Second World War. However, the need for resume writing for mothers has evolved significantly in the last few decades. Today, there are three principal reasons why so many organizations are employing resume writing for mothers.One of the biggest advantages to employing resume writing for mothers is that mothers have much greater access to their 'birth certificates' than earlier generations of women. This means that mothers have much more information to use in the form of professional, educational and personal references. With the passage of time, employers may have lost some of their trust in the past, but they are more aware of the fact that a resume is an essential resume document. The most effective resumes are submitted by the applicant herself. One of the biggest disadvantages to resume writing for mothers is that it can take as long as ten years to complete a career assessment process.Another major advantage of hiring resume writing for mothers is that mothers are actively involved in the selection process. They are often on the look out for new jobs in the company and often have specific responsibilities within the organization. This can lead to a lot of networking and meeting new people in the company. The networking can be very valuable, as it can open the door to new opportunities in the company. Having two or more avenues of communication with the company, will also help bring in the most applicants for the position. Having a positive attitude and determination are also factors that may help in the hiring process.The last benefit of resume writing for mothers returning to the workplace is the benefit of networking. Since mothers are actively involved in the hiring process, they are likely to get to know other mothers in the company. Getting to know other mothers, and those who are new to the c ompany may lead to an increase in the level of communication and engagement with the organization. This can result in a decrease in turnover and a reduction in pay cuts. While the return to work and greater professionalism are certainly a benefit, the other advantages far outweigh the costs.Employers may also save on overall research process and cost. Most employers may have hundreds of resumes to review and analyze. Many employers have formal reports to produce and to follow up with. In many cases, those reports do not go over everyone that has applied for the position. Many employers may be surprised by the number of resumes that they receive, and this can lead to a need for excessive effort in reviewing them all.With the decrease in turnover and the rise in the number of resumes, employers can more easily handle the workload by outsourcing resumes. Since so many resumes are being received for the same position, the employers can simply order in the most appropriate resumes and pr ocess them in the least amount of time. The advantages to outsourcing resume writing for mothers are many. The benefits are a decrease in the number of resumes to review, and an increase in the efficiency of the resume review process.Resume writing for mothers returning to the workforce can be a very beneficial process for the company, the employee and the recruiter. There are many benefits of employing resume writing for mothers, and the methods that are employed are relatively inexpensive. The most important benefit of resume writing for mothers is the great communication that can be provided by the employees involved in the process.

Tuesday, April 14, 2020

Americas Elderly Workforce Has Doubled Since 1985

America's Elderly Workforce Has Doubled Since 1985 Just as single-income families began to vanish in the last century, many of America’s elderly are now forgoing retirement for the same reason: They don’t have enough money. Rickety social safety nets, inadequate retirement savings plans and sky-high health-care costs are all conspiring to make the concept of leaving the workforce something to be more feared than desired. For the first time in 57 years, the participation rate in the labor force of retirement-age workers has cracked the 20% mark, according to a new report from money manager United Income (PDF). As of February, the ranks of people age 65 or older who are working or seeking paid work doubled from a low of 10% back in early 1985. The biggest spike in employment has gone to college-educated older workers; the share of all employees age 65 or older with at least an undergraduate degree is now 53%, up from 25% in 1985. This rise of college-educated older workers has pushed the demographic’s inflation-adjusted income up to an average of $78,000, 63% higher than the $48,000 older folks brought home in 1985. By comparison, American workers below the age of 65 saw their average income rise by only 38% over the same period, to an average of $55,000. United Income’s calculations draw on recently released data from the Census Bureau and the Bureau of Labor Statistics (BLS). There’s a mismatch between older workers who need the income the most and those who are able to work and working, said Elizabeth Kelly, senior vice president of operations for United Income and a former special assistant to the president at the White House National Economic Council during the Obama administration. “These are the more educated, wealthier individuals in better health who are continuing to work, but it’s probably their less-educated, working-class counterparts who need to work the most,” Kelly said. The BLS expects the big wave of aging baby boomers to represent the strongest growth in the labor force participation rate through at least 2024. “By 2024, baby boomers will have reached ages 60 to 78,” a BLS report noted. “And some of them are expected to continue working even after they qualify for Social Security benefits.” The retirement math is ugly, even for those who are seemingly well-off. Teresa Ghilarducci, an economics professor at the New School for Social Research, has estimated that Social Security replaces about 40% to 50% of one’s pre-retirement income. The general thinking is that people need around 80% of pre-retirement income to get by after they stop working. (Online retirement calculators can give a rough sense for what you need to save, and earn on savings, to get there.) The typical worker in the bottom 50% of the income distribution, earning less than $40,000 a year, has no retirement savings. Those in the middle 40% of income distribution, earning from $40,000 to $115,000, have a median amount of $60,000 saved, according to Ghilarducci’s research. Workers in the top 10% of income distribution making more than $115,000, meanwhile, have a median amount of $200,000 saved. They, too, are woefully under-saved, although it’s worth noting that these calculations don’t include real estate and other tangible assets, or the chance of an inheritance. Ghilarducci’s rough estimate of what a typical college-educated professional must amass to retire fairly comfortably? “Over $1 million or 2.” No wonder more people are working longer. This post originally appeared on Bloomberg.