Goldman Sachs Earns $1.74 Billion for 3rd Quarter
Goldman Sachs has done it again. The controversial investment banking firm has once again managed to pull off record earnings during troubled economic times. Earnings approaching $2 Billion for the third quarter have exceeded even analysts expectations. This is in stark contrast to Bank of America which reported losses of $7.65 Billion for the third quarter.
Goldman Sachs repaid the government TARP funds last year and set aside an additional $6.65 Billion for employee salaries and bonuses. 2010 appears to be another golden year in this little corner of the financial services sector.
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In: Business Stories · Tagged with: Bank Of America, Economic Times, Employee Salaries, Financial Services Sector, Goldman Sachs, Investment Banking Firm, Losses, Record Earnings, Salary Information, Stark Contrast
One Man’s Efforts to Hire the Unemployed
Here is an uplifting story about an innovative plan that a Pennsylvania man has put together to spur hiring for unemployed workers. Successful entrepreneur Gene Epstein wants businesses to start hiring people needing jobs and he is putting his money where his mouth is.
He has offered to donate $1,000 of his own money to a charity of the employers choosing for every worker they hire and keep successfully employed for at least 6 months. The plan has been advertised in local media and so far he has commitments from over 80 businesses and will continue until 250 have signed up. It is catching on with people who are in positions to hire and is spurring them into action.
Mr. Epstein is motivated by memories of his childhood when his family came close to foreclosure after the death of his father. His hope is that the “Hire Just One” plan as he calls it, will spawn other jobs creation initiatives across the country.
For more information on this program, you can visit his website here.
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In: Business Stories · Tagged with: Charity, Commitments, Creation, Foreclosure, Gene Epstein, Initiatives, jobs, Local Media, Memories, Money, Pennsylvania Man, Salary Information, Successful Entrepreneur, Unemployed Workers, Uplifting Story
Top Reasons People Hate Their Jobs
1. It’s Boring
Repetition and a lack of variety can lead to feelings of dissatisfaction when your job becomes robotic and no longer challenging.
2. You have a bad boss
Having a bad boss can turn a great job into a terrible one. No one likes to be belittled and micromanaged on a constant basis; both common characteristics of a bad boss who needs to feel important by undermining those in her control.
3. Little Personal Time
One of the greatest contributors to low job satisfaction is not having enough time away from work. Jobs that require long hours, unscheduled weekend time or just 1 or 2 weeks vacation per year rank poorly for employee happiness. These tactics bely companies that really don’t care about their employees even though they may offer lip service to the contrary.
4. Unproductive Working Environment
Customers or coworkers that are not receptive to new ideas can create an atmosphere of resentment. Those that prefer to complain rather than participate in solutions to problems can poison the environment and keep morale low.
5. Low Pay
A low salary that continues year after year with poor merit increases, can only serve to demoralize the worker and make them feel unappreciated. Sooner or later they will begin to look for another company that will better reward their skills.
source: divinecaroline.com
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In: On The Job Advice · Tagged with: Atmosphere, Belittled, Boss, coworkers, Dissatisfaction, Employee Happiness, Feelings, Job Satisfaction, Lip Service, Low Job, Merit Increases, Personal Time, Repetition, Resentment, Salary Information, Terrible One, Time One, Top Jobs, Weekend Time, Working Environment
