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Career Central
"What Can We Learn
From the Latest Corporate Scandals?" |
 Watch Your
Back!
Looking out for your own personal well being is a must
today with all of the lay offs, bankruptcies and scandals. What
that means is, don't put all of your faith in a job. Many of the
people who worked for Enron Corp. for several years thought they're
job was pretty secure. That is, until it was revealed that there
were problems with their accounting practices. WorldCom, the
nation's second-largest long-distance telephone carrier, admitted it
had grossly overstated profits in one of the largest accounting
scandals ever. Recently, it was announced that the SEC is
investigating AOL Time Warner. So what is a sister to do?
The first thing you can do is to never stop learning, be versatile.
Take advantage of your pay check by going back to school to get an
advanced degree or take career enhancing classes like some computer
classes or earn a certification or license. Anything you can do
to make yourself more marketable in whatever industry you are in will
be well worth it. It is so important to always keep your skills
current.
Secondly, don't put all of your eggs in one basket. Learn from
the former Enron employees who lost all of their money because they
invested it ALL in the company's 401K plans, stock options, etc.
It's okay to participate in some of your company's investment options,
but also put some of your money elsewhere outside of the company at
which you work. There are several different options such as CD's
money market accounts, mutual funds, bonds, and more.
Lastly, always make sure you have some type of back up plan.
Start by asking yourself this question: "If I were to get fired today,
how would I pay my rent or the mortgage or my car note?" And make out
a plan.Next time we will give
you more information on how to build a diversified portfolio to help
make your money work for you!
Get
your resume online! For as low as a one time fee of $30, you
can get an online resume so that potential employers can see that
you are aware of all of the channels to boost your image! New Wave
Media can provide this service for you no matter where you live!
Visit
their site!
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