Volunteering Abroad

As the U.S. job market worsens, brand new graduates may find themselves without a job and start looking for things to take up their time.  Many will attempt to find a part time position which is a great alternative.  But a new trend for young graduates is to volunteer abroad for programs such as Peace Corps and Teach for America.  There is a high demand in many developing countries for volunteers, providing life long experiences that will benefit you throughout your life.  This is a great opportunity to be productive, help others, and learn more about yourself while the job market is down.  Volunteering abroad also makes you stand out from other job candidates and is a great interview conversation starter.  Additionally, volunteering helps cover any gaps in your resume. 

Following along President Obama's message of service, "I say this to you as someone who couldn't be standing here today if not for the service of others, and who wouldn't be standing here if not for the purpose that service gave my own life."  

www.peacecorps.gov

www.teachforamerica.org

www.unitedplanet.org

Red Sprouts Update

It's been quite some time since we have last posted here and part of that is due in part to a busy work schedule. Though I have not yet been personally affected by the recession, I have had friends and coworkers who have lost their jobs this year. It is difficult to stay positive in such dire economic times but we will do our best here to provide career advice that will best prepare students who will be facing a difficult job market.

The Job Market Is Slowing, What Do I Do?

As a follow up to a posting of a news article that addresses the impact of a high unemployment rate on students, is a a guide on how to best approach this situation.

Still in School?

If you're not planning to graduate for a couple years you're probably in the best position and don't have much to worry about at this point.  The market will turn around eventually, so just sit tight and get your learn on!  If you want to be proactive, stay on top of the news and see what industries are making a come back so that you can position yourself accordingly when you graduate.  I don't believe companies will cut back on their recruiting efforts for internship positions as companies still need to train the future even if the economy is slowing.  

Plan on Graduating?

For those of you who are planning on graduating soon or have already graduated, don't panic!  Yes times are tough but they will get better.  Job hunting in a bad market is difficult as the competition for even entry level positions will be very high so you will need to put in the extra effort to stand out.  If you are truly determined in finding the right job for your future career, you will need to be very flexible and willing to relocate.  Many companies provide relocation packages and help get you on your feet.  Focusing your job searching in one particular location is very limiting and will lead to a job search dead end very quickly.  Set the right expectation when you're looking for your first job.  Jobs pertaining to your career may be hard to come by so don't set the bar so high or you will be easily frustrated with your first job.  Remember, you're still young and will have opportunities to rise as the job market gets healthier.  If possible, I would suggest going back to graduate school to continue your education so that you can enter a work force with an advanced degree and give some time for the job market to gain strength again.  

Whatever you do, don't panic!  The job market will turn around; it will just take some time.  

Job Marketing Looking Grimmer

I am not a big fan of continuously posting negative news but I feel that not posting the realty of the times is a disservice to my readers.  CNN recently posted on article with some job hiring statistical data worth noting:

• Employers said they planned to hire just 1.3% more graduates in 2009, a large drop from the 6% projection
  
• National unemployment is expected to be as high as 7% in Spring 2009, a rate not since met since 1993
  
• A sociology major applied to 60 positions only hearing back from 4 and settled for a part time position at a law firm
  
• Consider jobs outside the traditional role; Business majors should apply for finance-related positions in health care

Yes it looks bleak but this gives many a reason to try different career paths before settling while the job market stabilize.  I have provided a link the to the article below.

Grim Prospect For New Grads [via CNN Money]

Living Frugally - Having Trouble Making Rent?

Yes the economy is bad and for those not having to deal with an over priced mortgage, they may find themselves finding it harder to pay the rent every month.  I found an article at one of my favorite blogs that offered up an interesting way to drum up some extra funds.  Throw a Rent Party!  That's right, get some good music, drinks, food, and sell tickets at the door and you got yourself a rent party.  This was a novel idea back in the 1920's and 1930's but hey that's when we were in our last Great Depression right?

How to Raise Rent One Glass at a Time [via Lifehacker]

More Than Just the Salary

For those new grads, or soon to be new grads, there is more to the job offer than just the salary.  Here are the other things worth considering:

Vacation/Sick Time

At a minimum, companies will ofer 2 weeks of paid vacation that needs to accured.  There has been a recent trend in certain industries such as biotech who are providing a starting 3 weeks of vacation.  The amount of sick time a company gives is also variable ranging anywhere from 4 to 10 days and can be either be combined with vacation time or treated seperately.  

Medical Insurance

It is important for any young new graduate to get medical insurance and if a company is offering you a job without one, which is now a rare occurence, I would walk away.  The details of medical insurance can get confusing so we won't get into the details but make sure you are covered for medical, dental, and optical.  

Retirement/401 K

Many companies provide retirement benefits for their employees and some even provide matching where for every dollar the employee invests, the company will put in a certain amount.  This matching can range anywhere from 1% to 100% up to a certain amout of your salary.  

Holidays

We all like time off during the year and like sick time, the amount of holidays is variable for every company.  It can be as few at 7 and can be as many as 14 depending on the company operations.  Companies also offer floater holidays where you can take certain days off during the year up to your choosing.  

Telecommuting/Flex Schedule

In order to keep employess happy, companies are allowing employees to work at home and have more flexible schedules.  An example of a flexible schedule is the 9-80 where you work 9 hours a day Monday through Thursday and you get every other Friday off.  

Weekly Internship Posting

Summer Internship

ABC - Hollywood, CA

Paid TV Research Internship

Sony Picture - Westwood, CA

Environmental Regulatory Internship

Bayer - Baytown, TX

Technical Support Internship

IBM - Austin, TX

Audit Internship

RSM McGladery - Dallas, TX

Student Blogger Roundup

Another week of great posts from Student Bloggers:

I always felt that anyone can improve their essay writing during the course of their life.

How to Write Better Essays [via Student Charade]

Hoping to figure out what you spend your money on?  Here are some good tips!

College Money Tip #1: Where it All Begins [via Poorer Than You]

Sometimes the dorm just doesn't cut it.

Our Deluxe Apartment in the Sky [via Stringless Kite]

Racking up too many minutes on your cell phone?  Here are some great tips on making calls and while saving money.

Cut the Cost of Calling Home [via The Student Finance Blog]

Have you always wondered what you would do after graduation?

Things I might do... Later [via I Write With Pictures]

Beyond the GPA

Applying for a job, internship, or graduate school is very similar too applying for college where your GPA is very important but it won't get you all the way either.  As job pools get more competitive, it will be more important than ever to diversify yourself as much as possible.  

Volunteering

Someone that is willing to put in their own free time to better the lives of another is a valued characteristic by any recruiter.  This is a great oppurtunity to give something back to the community while padding your resume.  

Clubs

Being active in any club on campus allows you too socialize, destress, and network with others.  The best part of clubs though is the leadership potential that it offers if you get involved at that level.  Being a leader of club shows management potential and some well rounded characteristics compared to a GPA score.  

Tutoring

If you can teach it, then you've really learned it.  The best way to gauge someone's understanding of academic material is the ability to teach others.  Many campuses provided tutoring oppurtunties to students who have exeled in certain classes and sometime even pay on an hourly basis.  

VOTE!

Red Sprouts is taking a day off today for the most important day of the year. I encourage each and every one of my readers who are registered to get out and VOTE!