What to Expect from Your Contract Employee - Your Career Intel

What to Expect from Your Contract Employee - Your Career IntelIn my 30 years of recruiting, I dont know that Ive ever seen a hiring market as tricky as this one. The unemployment rate is at a record low, and the margins for talent are slim. So its no wonder employers are turning to contract laborand as my colleagues have shared previously, there are plenty of great reasons to bring in contract help.A thoughtfully placed contractor or two can serve as a sturdy stopgap between the departure of a teammate and the hiring of their replacement. They can also help you get some extra muscle behind the projects that dont stop just because your team is down a player.But if youre thinking that the contractor you place will be a true replacement for your open role, you should manage your expectations a bit. When you bring in a short-term contractor to sub in for a long-term role, there are few things you need to remember.Keep your wish list shortOne of the biggest missteps I see employers making when they put out a call for contract employees is they vet candidates through the lens of what they need from a full-time, permanent employee. This costs a fair amount of time on the front endthink of all those fruitless interviewsand only leads to disappointment. While it might be true that a full-time candidate needs to be proficient in several key areas, when a short-term arrangement is the name of the game, its better to think about the top three things you need someone to tackle.I place contract employees in accounting roles, for example, and the software can be fairly specialized. Hiring a full-time CPA with experience using Oracle might be the long-term goal, but a contractor CPA with experience in large enterprise resource planning (ERP) tools might be the right solution to get you through the hiring process with your full-time candidate.Im not suggesting you settle, but I do recommend you keep the big picture front of mind. If youre hiring a contractor to fill in while yo u recruit a full-time hire, finding someone who is adaptable might be the perfect short-term solution. And your energy is better focused on your permanent hire search while a contractor keeps the work from piling up.Consider a contracting liferIn the gig economy, there are many professionals that actually prefer contract work. I often remind my clients of this before we start the search for a contractor, because in a traditional hiring situation, someone whos worn multiple hats at various companies in a short amount of time can look indecisivewhats with all the job hopping? But toss that bias out the window in the contract market. A resume with several projects or employers in the last year can be a signal that a contractor is both seasoned and in demand.The other reason I bring this up with clients is that some of them are extra choosy with their contractors because theyre holding-gesellschaft out hope for a contract-to-hire candidate. While its true that there are folks in the mar ket looking for contract-to-hire opportunities, you might be able to find a more reliable resource in someone who has chosen contract work for the foreseeable future.Some of the most reliable contractors in my network, in fact, have 20-plus years of experience and would likely never choose to return to a full-time gig. But theyre seasoned, and they enjoy the variety and freedom that comes with short-term arrangements.The gig economy is forecasted to continue to grow and change, so I imagine the talent poolsand my advice on what to expect from themwill evolve, too. But Id love to hear your thoughts on best practices for bringing in contractors while placing full-time roles. How do you manage your expectations and keep the most important work top of mind? Start a conversation in the comments below.

How Do IRAs Work

How Do IRAs Work Raise your pfote if youve ever heard the phrase its never too early to start saving for retirement. Okay, you can put your hand down now.Yes, youve likely come across this ubiquitous phrase at some point or another. I definitely have. Actually, I have heard it every year since I turned 18. Typically it comes up at a family gathering or as some aside from a professor during a lecture. And like most of my fellow millennials, I put that advice about having a retirement plan on the back burner, assuming I would just wake up one day and figure it out. Besides, I couldnt be bothered with saving for the future. I mean, that entire box set ofFriendswasnt going to watch itself (for the sixth time). Why you need to prepare for retirementThat is, until I got an internship at a financial tech startup. Saving and preparing for retirement is a very important part of adulting. The aufgabe is, even after you know youre supposed to do it, its hard to knowhowto do it. There is such an overwhelming amount of information out there about where to invest, in what, and how much, that its hard to know where to start. Its easier to just keep putting it off for your future self.But, youre not Ted Mosby, and with this basic guide to retirement savings, you wont want to keep putting it off anyway. Youll learn the basics of where and how to start financial planning so you can ensure your future self is taken care of.And it all starts with the IRA.What is an IRA, and how do IRAs work?IRA stands for IndividualRetirementAccount. How do IRAs work in comparison to 401(K)s which youve likely also heard about? Whereas a 401(K) is set up by your employer and managed through them, an Individual Retirement Account is set up by you and managed by the financial institution of your choosing. Unlike the 401(K), there are two different kinds of IRA to choose from the traditional and the Roth.How do I decide on which schriftart of IRA is right for me?The type of IRA you want will depend on your lifestyle, earnings, and retirement expectations.Traditional IRATraditional IRAs do not charge you taxes on the contributions you make to your account. Thereisa contribution limit for traditional IRAs. As an account holder, youre allowed to contribute $5,500 each year if youre under 50 and $6,500 if youre over 50, tax-free, and you may even qualify for annual tax deductions on your contributions. The Traditional IRA also has no income limitations--meaning you can actively contribute to and hold your Traditional IRA regardless of what you make, as long as you are under 70 and have a taxable income. Your income may impact whether or not your contributions are deductible, though.You are taxed, however, when you withdraw your money. Once youve hit 59 and are ready to withdraw from your account, you will be taxed according to the tax bracket you are in at the time of your withdrawal. With the traditional, once you hit 70, you must start to withdraw from your account.Roth IRAThe Roth IRAis similar you can only contribute $5,500 a year if you are under 50 and $6,500 if you are over 50 you are eligible to begin withdrawing once you are 59 , and it is open to anyone with a taxable income.Those are the similarities, but the Roth IRA has some very significant differences. TheRoth IRA contribution limit is based on your modified adjusted gross income, depending on tax-filing status.With Roth IRAs, as an account holder you are taxed on your contributions, but not taxed once you reach retirement age and begin to withdraw from your account, and the contributions you do make each year are not tax-deductible. There is also an income limit of $132,000 for single income and $194,000 for joint incomes. But, there is no mandatory age when you have to start withdrawing for retirement. What it really comes down to is whether you want to pay taxes upfront with your contributions, or once you begin to withdraw your money. If you expect to be in a higher tax bracket when you retire, then the Roth would make mora sense since you would be charged more in taxes for your withdrawal than you would pay for your contributions. If you plan to be in the same tax bracket and exceed the income contribution limitation or prefer to havetax-deductible contributions, then the Traditional would be best for you.How do I get one?There are several places to set up an IRA. Choose a financial institution you trust--these can be banks where you have a checking or savings account, or online options like SoFi or Fidelity. Some places have required minimums to open accounts, so do your homework on how much it will cost you to open an IRA account.What do I do once I have one?Contribute the maximum amount to your account. You can add $5,500 annually, so try to hit that mark before the year is up to really take advantage of your IRA and prepare for your future. Youll get the largest return on your investment if youre putting in the full amount each year.You can also indicate wheth er you want to have a beneficiary associated with your account. A beneficiary of an IRA will receive the benefits from the account if the account owner passes away (beneficiaries of an IRA are required to include taxable distributions they receive in their gross income).Then what?You wait and watch it grow. Yourcontributionswill begin to earn compound interest, which means your money will be earning money until you are retirement age and ready to start withdrawing. Depending on which IRA you have, you can start drawing from your account once youre 59 . If you have Traditional, you are required to start withdrawing once youre 70.How do you decide which type of IRA to get?Ultimately, envision what you want your future to look like and then pick the IRA that works best for you so you can start squirreling away your money and have enough to live on when retirement comes. Its not as hefty of a burden as maybe you expect. Just a few hundred dollars here and there will grow over timeand le ssen the stress when youre older.If youre leise unsure of which IRA works with your lifestyle and your financial goals, make an appointment with a trusted financial planner to go over your wealth, your lifestyle and your expectations to build a retirement plan that is unique to you.--Alexandra Deabler is a writer and editor. She has published articles about California history, travel, lifestyle, personal essays and short fiction. She lives in New York City and can be reached through her website

Short Article Reveals the Undeniable Facts About Top Books on Resume Writing and How It Can Affect You

Short Article Reveals the Undeniable Facts About Top Books on Resume Writing and How It Can Affect You Top Books on Resume Writing No Longer a Mystery Its also important to think about the sort of work you genuinely wish to be hired to do. Simply speaking, you truly have to kiss plenty of frogs to get a prince. The majority of the time the individuals that are reading the resume really dont have a thing to do with the job and dont have any direct experience with it. Life, Death and Top Books on Resume Writing You are also able to get a feeling of the internal language used within a specific industry or company. It is possible to also execute a web-based job search or earn a price of living comparison through its online offerings. You may research companies and individuals you need to target, connect with former associates, and inform them you are searching for new opportunities. Companies like ours give them with the help they need. The book also has sound resume writing ad vice depending on the secrets of professional resume writers. Individuals that are short think they arent being hired since they are short. The author gives you practical and easy-to-follow advice along with numerous samples that demonstrate every one of herbei tips in action. Top Books on Resume Writing - the Story Pay attention when you subscribe, however, because most services offer you a number of different plans and a few plans limit the characteristics or number of resumes it is possible to create. You could also call 321-704-7209 to establish a 20-minute preliminary phone consultation. The business becomes good scores on a couple of websites, but nonetheless, it mostly gets complaints by real users. It has invested a great deal of time in making the website attractive to the customer. The USAJOBS application procedure is intended to weed out candidates who cant follow precise instructions. With all these candidates to pick from, hiring authorities are compelled to landbinnenseek out the ideal candidate. Most candidates dont think theyre a risk. Successful candidates are well qualified, but theyre also prepared. The surface of your executive resumes very first page is deemed prime real estate. Take a look at our list of the top rated professional resume writers Minneapolis offers and prepare to see much better results during your job search. You have to know who you are, where you would like to go and exactly what you need to offer to get what you desire before you begin a work search. On the flip side, you can go to Google search and begin going through millions of sites. With all that effort, at this point you need to make sure you have only the correct voice to deliver your content. For starters, though the company has done a wonderful job in producing the site design and content, theres a severe absence of service options on it. Understanding how to position your company writing is an important element in successful communication . The maximum price represents a complete year of continuing career coaching. If you think yourself a do-it-yourself-er there are a great deal of great books on the industry that may help you craft a compelling and visually distinct document. Its possible to earn as many as 2 CEUs per book review. A set of professionally written resumes aimed at anybody who has left work for a time period and then wished to return. The Death of Top Books on Resume Writing Along with helping your resume get selected, it will likewise help the hiring manager see how your abilities and experiences make you a perfect candidate for the particular job. The expert writers make certain that the resume communicates strengths that employers search for in nursing resumes. If you arent confident in your writing abilities, then I recommend you locate a professional resume writer who can do the task for you. For various reasons, students cant always complete their assignments in time or with the amount of quality they have to earn the grades they want. Top Books on Resume Writing - the Story If you need a plain resume and you may write your own content, the tool will offer you the format. Explore the format and general effectiveness of each resume. Another alternative is to create a couple of variations of your executive resume to speak to every area of key interest.