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Surviving the First Year at Work

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Example: Jack and Jill each start working at 22. Jill opens a qualified ... Jill invested only $12,000 to Jack's $74,000. At the age of 65 each of them will ... – PowerPoint PPT presentation

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Title: Surviving the First Year at Work


1
Surviving the First Year at Work
  • Bill Fenson
  • Coordinator, Business Career Services
  • University of Texas at Arlington

2
Congratulations!
  • Making the transition from flip-flops to business
    suits can be both exciting and nerve-racking
  • You may consider taking some time to unwind and
    mentally prepare for the work world
  • It is important to recognize the realities and
    opportunities presented when starting work to
    make the transition successful

3
College vs. Work
  • Flexible schedule Being out till 3am and having
    late classes or skipping classes
  • Goof off and get notes from friends and still
    make a good grade
  • The roll out of bed look is acceptable
  • Be Punctual There are not many excuses for being
    tardy or absent
  • Real word is less tolerant of mistakes and
    demands top performance
  • Dress for success aids in building a good
    reputation

4
Before Arriving
  • Image is Important Update your wardrobe
  • What is the companys dress code? Formal dress or
    business casual?
  • Up-front investment in clothing is beneficial
    Free shirts are no longer in
  • Create a budget
  • Paycheck is generally 30 less than gross salary
  • Make a list of essential expenses and note how
    much buffer is left for additional expenses

5
Before Arriving
  • Read the Companys Policy Beforehand
  • Terms such as PPO, HMO, POS, PCP, 401k, etc. can
    be overwhelming
  • Be proactive and research the terms and meet with
    your human resources representative to clarify
    any questions
  • Procedures may seem meaningless and common sense
    but can come up later

6
Excuse me?
  • ASK QUESTIONS!
  • One of the biggest regrets is not asking for more
    information at the beginning.
  • Dont try to reinvent the wheel. Asking a simple
    question could save maybe a half days worth of
    work.
  • People may not sit down and teach you step by
    step what has to be done but by asking questions,
    you are showing the need for clarification and
    also that you want understand what is being asked
    of you

7
Saving and Investing
  • Understand the time value of money
  • Try putting 15-20 (or the companys maximum)
    into your 401k as early as possible. It could be
    the difference of thousands of dollars and many
    years!
  • Example Jack and Jill each start working at 22.
    Jill opens a qualified retirement plan at 12 and
    invests 2000/year and STOPS after 6 years. Jack
    spends an extra 2000 on himself for the first 6
    years and THEN opens a qualified retirement plan
    at 12 and invests 2000 for 37 YEARS. Jill
    invested only 12,000 to Jacks 74,000. At the
    age of 65 each of them will accumulated the same
    amount 1,363,780!

8
From the Sidelines
  • Observe the office culture
  • Understand how things work and whos who in the
    office hierarchy
  • Initially, listen to others and understand their
    position before articulating your own
  • Communicate effectively

9
Hello, My Name is
  • Get to know each of your colleagues
    professionally
  • Be tactful, be honest, be modest, yet direct
  • Do not focus on someones weakness do not talk
    behind their back. Rather focus on your strengths
  • Network
  • Understand where each person in your department
    stands and what his or her duties are
  • If you are not an expert in something, find out
    who is and set up a meeting to learn what they
    know

10
Catching On
  • Be flexible to office adjustments and work tasks
  • Take the initiative to go beyond the initial job
    description and help others
  • Be a team player
  • Be cooperative
  • Dont manipulate or use people for your own
    personal gain

11
Your Supervisor
  • Unlike a college professor, a supervisor will
    send the worker to find the answers, be vague on
    what is expected in a task and may assign tasks
    last minute
  • Accept that your supervisors job is to train you
    and at times will seem difficult to work with
  • He or she is not a sound board for your personal
    problems
  • Too much awareness can affect your maturity,
    professionalism and competence

12
Identifying a Mentor
  • It is important to develop good relationships
    with co-workers with good reputations
  • A mentor will be able to provide insight on the
    work culture and expectations as well as provide
    guidance in what is expected of you
  • Processing your first year of professional
    development will give you an opportunity to
    receive feedback as well reflect on the various
    aspects of your career path and job

13
Frame of Reference
  • No matter how difficult, unreasonable, crazed the
    job, the work or your supervisor seem, it is
    important to keep a positive state of mind
  • Concentrating on strengths rather than weaknesses
    can change your perspective that your environment
    is more manageable

14
Extracurricular Activities
  • Unlike college, the work schedule does not give
    breaks throughout the day
  • Realize you are going to have more free time in
    the evening because you will not have class
    assignments
  • It is important to branch out and make social
    networks because they will not be as available as
    they were in college

15
Keys to Future Success
  • Six key people skills employers expect to see
    in the future
  • Problem-solving
  • Ethics
  • Open-mindedness
  • Persuasiveness
  • Leadership
  • Educational interests (willing to go in for
    further training or learn more about unfamiliar
    areas

16
Keys to Future Success (contd)
  • People build these skills over time and develop
    them through observation and experience
  • Do what you can to allow yourself to grow
    professionally
  • Attend formal classes
  • Volunteer in professional committees
  • Be aware of your goals and what has to be done to
    attain them

17
Final Thoughts and Tips
  • Go in with a open mind, show maturity and poise
    and that you work well with others. You may begin
    to be chosen for better assignments
  • Spend time observing how people act, who takes
    initiatives and who performs well. Dont join a
    clique right away

18
  • You are in charge of the direction of your career
    path at the end, you are responsible for both
    your failures and successes
  • Be PROACTIVE in the way you approach your career
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