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Comparably is a great research tool for job seekers who will soon negotiate a salary

Money is always a touchy subject. Data tool “Comparably” offers information on compensation comparisons in your field.

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comparably

The real world comes real fast

As a college senior with graduation looming in the not-so-distant-future, it is only natural that the thought of the real-world job market is constantly on my mind. While I have had a number of part-time (and one full-time) jobs, there is uncertainty about the “real” job market.

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You can spend all the time in the world preparing interview questions and making sure that your resume is perfect. However, certain aspects only come with experience.

“Dad, can I get an allowance?”

For example, recently I had to post the question to my dad about how much money a recent college-grad should request during an interview. This was a fairly important component of a career that I had barely considered.

While it varies from job to job, I have learned that knowledge of what is the norm in terms of a starting salary is important information to have. The same could be said during any juncture of your career. But, we may not always know where to look in order to compare norms.

Compare compensation

With Comparably, you are able to “see what people like you get paid at work.” This tool offers insights into compensation as well as data on different workplace cultures.

If one is looking for compensation comparisons, they begin by selecting their job title. Then again, they narrow down the search by specifying their job title in that specific workplace. They will then select their location and industry.

How it works

So, for example, if you were to first select “marketing,” then “marketing manager,” then “Los Angeles,” then “tech,” you click “see results for free.” Comparably then asks for more information concerning your current salary (including any bonuses). Finally, you would sign up for a Comparably account (which can be done through LinkedIn) and you will be able to “see what you’re really worth.”

The data given by Comparably seeks to uncover a number of items. First, are you underpaid? The website urges users to take control and make sure that they are paid what they deserve.

Where do you rank?

With this, users are also able to see where they rank in terms of the aforementioned input of individual job information. Comparably offers alerts to any changes in a given field.

Finally, one is able to gain insight into a company culture. Reviews are provided by other users regarding their workplace environment and company’s character.

In the end…

As industries evolve, seemingly everyday, it is clear that salary changes every so often. In an effort to reach your deserved amount of worth, keep current in compensation trends.

#Comparably

Staff Writer, Taylor Leddin is a publicist and freelance writer for a number of national outlets. She was featured on Thrive Global as a successful woman in journalism, and is the editor-in-chief of The Tidbit. Taylor resides in Chicago and has a Bachelor in Communication Studies from Illinois State University.

Business Finance

Will cash still be king after COVID-19?

(EDITORIAL) Physical cash has been a preferred mode of payment for many, but will COVID-19 push us to a cashless future at an even faster rate?

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No more Cash

Say goodbye to the almighty dollar, at least the paper version. Cashless is where it’s at, and COVID-19 is at least partially to thank–or blame, depending on your perspective.

Let’s face it, we were already headed that direction. Apps like Venmo, PayPal, and Apple Pay making cashless transactions painless enough that even stubborn luddites were beginning to migrate to these convenient payment methods. Then COVID-19 hit the world and suddenly, handling cash is a potential danger.

In 2020, the era of COVID-19, the thought of all the possible contaminants, traveling around on an old dollar bill makes most of us cringe. Keep your nasty sock money, boob money, and even your pocket money to yourself, sir or madam, because I’ll have none of it! Nobody knows or wants to know where your money has been. We like the idea of taking your money, sure, but not the idea of actually touching it…ewww, David. Just ewww.

There is no hard evidence that cash can transmit COVID-19 from one person to the other, but perception is a powerful agent for changing our behavior. It seems plausible, considering the alarming rate this awful disease is moving through the world. Nobody has proven it can’t move with money.

There was a time when cash was King. Everyone took cash; everyone preferred it. Of course, credit cards have been around forever, but they’ve always been just as problematic as they are convenient. Like GrubHub and similar third party food delivery apps, banks end up charging both the business and the consumer with credit cards. It’s a trap. Cash cut out the (greedy) middle man.

Plus, paying with a credit card could be a pain. Try paying a taxi driver with a credit card prior to, oh, about 2014 when Uber hit the scene big time. Most drivers refused to take cash, because credit cards take a percentage off the top. Enter rideshare companies like Uber. Then in walks Square. Next PayPal, Venmo, and Apple Pay enter the scene. Suddenly, cabbies would like you to know they now take alternate forms of payment, and with a smile.

It’s good in a way, but it may end up hurting small businesses even more in the long run. The harsh reality of this current moment is that you shouldn’t be handling cash. No less an authority than the CDC recommends contactless forms of payment whenever possible. However, those cabbies weren’t wrong.

The banking industry has been pushing for a reduced reliance on cash since the 1950s, when they came up with the idea of credit cards. It was a stroke of evil genius to come up with more ways to expedite our lifelong journey into crushing debt.

The financial titans are very, very good at what they do, at the expense of all the rest of us. The New York Times reported on the trend, noting:

“In Britain alone, retailers paid 1.3 billion pounds (about $1.7 billion) in third-party fees in 2018, up £70 million from the year before, according to the British Retail Consortium.

Payment and processing companies such as PayPal (whose stock is up about 55 percent this year) and Adyen, based in the Netherlands (up 72 percent), also stand to gain.”

All kinds of related banking-related industries stand to benefit as well. Maybe we’ll go back to spending physical cash one day, but I don’t think there’s any hurry. Fewer old grandpas are hiding their cash in their proverbial mattresses, and the younger, most tech-savvy generation seems perfectly content to use their smart phones for everything.

We get it. Convenience plus cleanliness is a sweet combo. I only wish it weren’t such a racket.

If this trend towards a cashless future continues, there may be a possibility that travelers in the future may not experience what it’s like to fumble with foreign currency, to smile and shrug and hand over a handful of bills because they have no idea how many baht, pesos, or rand those snacks are. They may not experience the realization that other countries’ bills come in different shapes and sizes, and they may not come home with the most affordable souvenirs (coins and bills).

We shall see what the future holds. Odds are, it may not be cash money, at least in the U.S. I hope the cashless movement makes room for everyone to participate without being penalized. We’re in the middle of a pandemic, people. We need to find more ways to ease the path for people, not callously profit off of them.

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Business Finance

How NASA helps small businesses reach for the stars

(BUSINESS FINANCE) NASA has been providing $51 million in grants to small businesses and innovators.

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NASA grants

With the political and social climate that we are all trying to survive this summer, there only seems to be a few things that bring us a light of hope. For some it’s the little gestures that keeps the smiles on our faces; little helping hands that keep us going from day to day. But thanks to some forethought in our government system, there are some rather large helping hands coming down from the top as well. The organization that sends people to the moon is also making some dreams come true here on Earth.

NASA has just announced their latest batch of small business grants. Grants that amount to a total of approximately $51 million. This money is being sent out at the most crucial early-stage of small business funding. Over 300 businesses are receiving up to $125,000 to develop and bring new technologies to the world.

This grant system has been in place nearly as long as NASA itself. The Small Business Innovation Research/Technology transfer program is designed to bring in entrepreneurs and inventors’ ideas, and combine them with NASA’s assets to bring their dreams to fruition, bringing something from the lab to the marketplace.

It is set up into a three-phase system. According to The Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR), the first phase, Idea Generation, provides grantees with up to $125,000 for a 6 – 12 month period to “establish the technical merit, feasibility, and commercial potential of the proposed R/R&D efforts and to determine the quality of performance of the small business awardee organization prior to providing further Federal support in Phase II”. If they succeed, they may be eligible to move onto Phase II, where they will be awarded a new grant of $750,000 for 2 years to continue the R&D efforts and start on a Prototype Development. Phase III is called the Infusion/Commercialization stage and it is the culmination of years of work and grant access for these businesses. This also includes a few extra requirements like matching funding for things like marketing.

Over the years, the selection has covered numerous disciplines with an extraordinary range of industries. Some of the highlights this year are high-power solar arrays, a smart air traffic control system for urban use, a water purification system for use on the moon, and improved lithium-ion batteries. These are just a few of the many innovative projects. The list covers a huge assortment, but a few people have noted the number of neuromorphic computing efforts as well.

This list is updated periodically throughout the year as each deadline is met from previous grant holders. It’s a constantly updating assortment of tomorrow’s toys, and a great way to look toward the future.

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Business Finance

Senate unanimously votes to extend PPP coverage

(BUSINESS FINANCE) The U.S Senate extends PPP spending until August 8th in an effort to support small businesses who have been hit hard by the pandemic.

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PPP application

Small businesses trying to survive the pandemic have been given a 5-week extension, until August 8th, for money remaining in the Paycheck Protection Program (PPP) to be spent. The Senate voted Tuesday evening, less than 4 hours before it was set to end, to extend the federal loan program that was slated to end with more than $130 billion in unspent loan money.

The approval of the extension required unanimous agreement from all 100 senators, which many lacked confidence would happen. Senator Jeanne Shaheen (D-NH) said, “I came here thinking that we would not be able to get agreement.” But with outbreaks on the rise and states slowing effort to reopen their economies, the consensus is that another measure will be required as the $2.2 trillion stimulus law expires at the end of July. PPP has become a bipartisan action as lawmakers from both parties are inundated with requests for assistance. The program has apportioned $520 billion in loans to over 4.8 million American small businesses across the nation, managed by the Small Business Administration.

The SBA faced criticism for distributing billions of PPP funds to publicly traded chains, in addition to the small businesses it was intended. $38 billion were ultimately returned to the government after attention was brought to the high profile recipients.

The short-term agreement came together with advocacy from across the aisle from senators including Sen. Marco Rubio (R-Fla.), Susan Collins (R-Maine), Christopher A. Coons (D-Del.) and Minority Leader Charles E. Schumer (D-N.Y.). Senator Marco Rubio (R-FL), chairman of the Small Business Committee said before Tuesday’s vote for the extension, “Obviously, we’ll have to be more targeted at truly small businesses and, in addition to that, I’m also developing a program to provide financing for businesses in underserved communities or opportunity zones and other ZIP codes that would fall in that category.”

The Treasury Department and SBA credit PPP with saving millions of jobs. Though rules have been loosened by Congress, the SBA, and Treasury to allow more companies to receive funds and make loan forgiveness easier, borrowing from the program has slowed to a trickle.

The legislation is now headed to the House, which had already left for an expected 2-week recess before the bill was passed by the Senate. The bill would also require President Trump’s signature.

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