Career Facts for the Best Jobs on Wall Street

Career Facts for the Best Jobs on Wall StreetCareer Facts for the Best Jobs on Wall StreetThe best Wall Street jobs arent necessarily on New York Citys Wall Street or even in New York for that matter. The thoroughfare in lower Manhattan is synonymous with the financial industry, but you can find employment in this industry all around the world. If you are looking for a career where the potential to earn a lot of money is high, youve come to the right place. However, ifstability is a priority, this isnt the industry for you. Wall Street jobs are not recession-proof. A struggling economy will negatively impact the financial industry. Unless you are willing to work a lot of overtime, you shouldnt consider a job in this field either. Many other occupations allow you to spend more time away from the office. What Education and Certifications Do Wall Street Jobs Require? To get a Wall Street job, you will have to get at least a Bachelors Degree in a business-related major. Going to busi ness school to earn a Masters in Business Administration (MBA) should be your next step as it will open up many more opportunities and allow you to advance in your career. In addition to a degree, many employers also require, or at least prefer, applicants who have earnedcertification. Among those certifications are CFA (Certified Financial Analyst), CFS (Certified Fund Specialist), CIC (Chartered Investment Counselor), CIMA (Certified Investment Management Analyst), and CMT (Chartered Market Technician). Different organizations provide these credentials and to get them, you must meet specific qualifications including passing examinations. Top Financial Industry Jobs Wall Street employers include investment banks and securities firms. Investment banks work with clients to issue stocks and bonds, collectively called securities. Securities firms sell them or trade them on the market. If you want a Wall Street Job, here are some from which to choose Investment Banker An investm ent banker, sometimes called an investment underwriter, serves as the matchmaker between a business that needs money to operate and investors who have an interest in providing that funding. He or she advises these companies as they issue stocks and bonds for sale to the public. An investment banker also connects companies that want to merge with or acquire another company. This is called mergers and acquisitions or M A. Required EducationBachelors Degree in a business-related subject for entry-level jobs and an MBA for advancement Median Annual Salary (2017)$139,451 (Average Base Salary, Glassdoor.com) Bonuses Number of People Employed (2016)376,000 (includes all type of securities, commodities, and financial services sales Agents) Projected Employment (2026) 399,000 Projected Increase in Jobs (2016-2026) 6 percent Stock Traderor Stock Broker Stock traders and brokers bothfacilitate transactions of stocks- equity in businesses- on behalf of investors. Traders sell stocks they or the securities or brokerage firm for which they work own. Their goal is tomake a profit. Brokers arrange the sale and purchase of stocks between buyers and sellers for a commission. Required EducationBachelors Degree. Business, finance, accounting, and economics courses are recommended. Median Annual Salary (2017)$63,780 Number of People Employed (2016)376,000(includes securities, commodities, and financial services sales agents) Projected Employment (2026)399,000 Projected Increase in Jobs (2016-2026) 6 percent Financial Examiner A financial examiner makes sure banks and other financial institutions comply with the laws that govern them. Required EducationBachelors Degree with courses in finance, economics, and accounting preferred Median Annual Salary (2017)$81,690 Number of People Employed (2016)52,500 Projected Employment (2026)57,600 Projected Increase in Jobs (2016-2026) 10 percent Financial Analyst Alternatively called an investment or security analyst, a financial analyst helps his or her employer or its clients develop investment strategies. He or she gathers facts about a products, industrys, or companys current and historic performance and makes investment recommendations based on this data. Required EducationBachelors Degree in Statistics, Mathematics, Accounting, Finance, or Economics Median Annual Salary (2017)$100,180 Number of People Employed (2016) 71,000 Projected Employment (2026) 79,000 Projected Increase in Jobs (2016-2026) 11 percent Fund Manager A fund manager coordinates the investment strategy for a large pool of assets called a fund. He or she may manage hedge, mutual, trust, or pension funds. Some financial analysts become fund managers. Required EducationMBA Median Annual Salary (2017)$105,610 Number of People Employed (2016)992,000 Projected Employment (2026) Over 1 million Projected Increase in Jobs (2016-2026) 5 to 9 percent Sources Bureau of Labor Statistics, U.S. Department of Labor,Occupational Outlook Handbook. Employment and Training Administration, U.S. Department of Labor,O*NETOnline.Granville, Christina. Broker or Trader Which Career Is Right For You?. Investopedia. February 20, 2018.Fund Manager. Investopedia.

Computer Services Agreement FAQ - United States

Computer Services Agreement FAQ - United StatesComputer Services Agreement FAQ - United StatesComputer Services Agreement BasicsWhy isnt an oral Computer Services Agreement sufficient?The problem with oral agreements is that they are difficult to prove. If a dispute arose, a court would have to hear evidence and decide whose version of the truth to accept. If there is a written agreement, courts will generally be obligated to uphold its terms even if they dont agree with them.What is addressed in a Computer Services Agreement?Computer Services Agreements typically address the following the parties to the agreement the service being offered the term of agreement and the compensation that will be provided to the Computer Services versorger.In addition, Computer Services Agreements may also provide specifics on how confidential information is to be treated upon the Computer Services versorgers termination whether there are limitations on the Computer Services diensts ability to compete with the Customers business upon the Computer Services Providers termination and how disputes between the Customer and Computer Services Provider will be handled.Who are the parties to the Computer Services Agreement?The parties to the Computer Services agreement are the Customer and the Computer Services Provider. The Customer is the individual or business seeking the Computer Services while the Computer Services Provider is the individual or corporation providing the Computer Services. What is the difference between an Employment Contract and a Computer Services Agreement?A Computer Services Agreement is a type of Service Agreement.Computer Services Agreements are used to hire Computer Services Providers or independent contractors, not employees. A Computer Services Agreement is limited to a specific project or time period. Employment Contracts are used to hire employees.What is the difference between an employee and independent contractor?Independent contractors are individuals who provide services for a fee but are not considered to be employees because they work for themselves and do not have an employer. Examples of independent contractors include those who operate their own practice or trade in fields such as plumbing, carpentry or graphic design or in more specialized technical settings such as accounting, engineering or computer programming.The law treats employees and independent contractors differently, but it is not always easy to establish which category an individual falls into. In cases of dispute, courts will determine the appropriate category by examining a number of factors. Some factors will be considered more important than others. Examples of relevant factors are who is providing the tools for the job the level of skill required for the job who controls the work and the work product whether the hired fete must provide oral/written progredienz reports whether the job is performed on the business premises the duration of the relationship be tween the parties the ability to delegate or sub-contract the job of the hired party whether the hired party has discretion over how long and when they work whether any insurance or benefits are provided to the hired party whether the hired partys expenses are reimbursed whether the hired party can realize a profit or loss whether the work is part of the regular business of the hiring party whether the parties have a written agreement defining the status of the hired party the method of payment and the way the hired party is treated by taxing authorities.Is this a Master Service Agreement?No. If you need a Master Service Agreement as well as subordinate agreements, you should consult a lawyer qualified in your jurisdiction.Term of AgreementWhat is the end date of the agreement?The end date is the date when the Computer Services under the agreement are no longer provided or needed.What does notice mean?Notice refers to the amount of time that is provided by one party to another when they wish to end their obligations under the agreement prior to the agreed end date. The purpose of notice is to allow the Computer Services Provider to find other employment or the Customer to find a replacement Computer Services Provider. In most jurisdictions, the law does not offer independent contractors the same minimum notice protection that is typically offered to employees (unless the notice is expressly provided in the agreement). However, courts may award notice (or pay in lieu of notice) to an independent contractor if he/she can show that he/she was economically dependent on the Customer. In those circumstances, courts may impose a reasonable notice period or damages.CompensationHow should the Computer Services Provider be paid?The Computer Services Provider can be paid or compensated in many different ways. If the Computer Services Provider will be paid a certain amount (rate) for each time period, use Hourly, Weekly, Monthly or Yearly as appropriate. If the Computer S ervices Provider is to be paid a certain fixed amount for the complete performance under the agreement, use Fixed Amount. If the Compensation is several payments or involves the trade of services or goods, use Other. If you have a certain rate for the services performed together with additional remuneration, use this question for the basic rate and use the Additional Compensation question to describe the additional compensation.Which currency should I select?Select the form of currency for all monetary amounts (compensation, expenses, etc.) referred to in this agreement.What is additional compensation?Additional compensation refers to any compensation the Computer Services Provider will be paid in addition to the basic compensation specified under the question How will the Computer Services Provider be paid?.What items should be provided to the Computer Services Provider?If the Customer wishes to provide any services, tools, office space, materials, etc. to the Computer Services Pr ovider to perform the services, then the Customer should select Yes to the question Will the Customer be providing anything to the Computer Services Provider? and then describe what he/she is providing.What does Penalties for late payment? mean?This question refers to whether the Customer will be penalized for failing to pay the Computer Services Provider on time. Select Do not specify to not mention whether there will be penalties for late payment. Select No if the Agreement will expressly state that there are no penalties for late payment. Select Yes to be able to expressly state what the penalties will be for late payment.What does Penalties imposed for non-performance of the services in a timely manner? mean?This question refers to whether the Computer Services Provider will be penalized for failing to perform the services on time. Select Do not specify to not mention whether there will be such penalties. Select No if the Agreement will expressly state that there are no such pen alties. Select Yes to be able to expressly state what the penalties will be for failing to perform the services on time.What is a 1099 form?For income tax purposes, fasson W-2 is used to report ordinary employee wages, salary and tips, however, self-employment earnings must also be reported. Form 1099 is used to report self-employed, service related income. Usually the payer will provide a completed Form 1099 to the payment recipient as well as to the IRS. Various kinds of income other than wages and salaries are reported using Form 1099 but the most common use of the Form 1099 is for reporting earnings as an independent contractor.Restrictive CovenantsWhat is a confidentiality clause?The confidentiality clause prevents the Computer Services Provider from using or disclosing the Customers confidential business information to a third party.What is a non-competition clause?The non-competition clause prevents the Computer Services Provider from competing with the Customer.What is a non -solicitation clause?The non-solicitation clause prevents the Computer Services Provider from inducing others to leave the Customers employment.What is the difference between a non-competition clause and a non-solicitation clause?A non-competition clause prevents the Computer Services Provider from unfairly competing with the Customer after the employment is terminated. This means that when the Computer Services Providers work comes to an end, he or she cannot take a job at a business which is in direct competition with the Customer. A non-solicitation clause prevents the Computer Services Provider from inducing other employees or contractors from leaving the Customer or from interfering with the Customers relationship with other employees in general. This means that the Computer Services Provider cannot invite the Customers employees to move with him or her to another workplace. Courts MAY elend enforce a non-competition or non-solicitation clause if clause could be injurious to th e public (e.g. if it could depress the local economy) the clause is broader than necessary to protect the Customer the clause would cause undue hardship on the Computer Services Provider (e.g. it would make it difficult for the Computer Services Provider to find new work) or the clause has unreasonable time and geographic restrictions.What geographic restrictions can the Customer make in the non-competition clause?You can only prevent a Computer Services Provider from engaging in a business that competes with your business within a geographic area large enough to protect your business. The restriction must be reasonable so that the employee is not restricted from engaging in his or her usual trade in an area that could not affect your business.Dispute ResolutionWhat do mediationszeit and arbitration mean?Mediation is a process where an impartial 3rd party or mediator facilitates the negotiation of a settlement between parties to a dispute.Arbitration is a process whereby parties to a dispute mutually agree to an impartial referee who hears and makes a binding decision.Both processes are superior to the court process when there is a long term relationship involved and the survival of the business relationship is desirable. These processes can be less expensive, more expedient, and more efficient than the court process.MiscellaneousWhat is contained in the standard clauses?Our standard clauses are those clauses which are most often included when creating a Computer Services Agreement. Some of the clauses absprache with assignment the capacity of the independent contractor modification of the agreement time being of the essence and severability of invalid or unenforceable clauses.If you dont want all these clauses in your agreement, select No and you can pick and choose which clauses to include.What is meant by Corporation/Organization under the Type of Customer and Type of Service Provider fields?A Corporation is a duly registered corporate entity. An organizati on can be any other type of business entity such as a sole proprietorship, partnership, or a Limited Liability Company. If you are entering the agreement as the representative of a business then you would select the Corporation/Organization option. If you are acting strictly for yourself then select the Individual option.What does the Assignment clause do?The Assignment clause prevents the Computer Services Provider from transferring their rights or responsibilities to another party without the Customers consent.What does the Capacity/Independent Contractor clause do?The Capacity/Independent contractor clause reiterates that the Computer Services Provider is hired as an independent contractor or consultant and not as an employee of the Customer. Note that disguising an employment relationship as an independent contractor in order to avoid having to pay employee benefits like holiday pay, pension, workers compensation and income tax is illegal. A court may find that a work relationsh ip is an employee/employer relationship if the person hired is closely supervised and directed by the hirer. An independent contractor usually provides a skilled service, is paid for a specific result, controls how the services are provided, is free to refuse additional work, and usually bears the cost of repairing faulty work. A court would take all these factors into consideration when deciding if a particular work relationship was a sham contracting arrangement.What does the Modification of Agreement clause do?The Modification of Agreement clause states that any changes to the agreement must be made by written consent of all the parties to the agreement.What does the Time of the Essence clause do?This clause provides that all dates and time limits are strictly enforced.What does the Entire Agreement clause do?The Entire Agreement clause confirms that there are no other provisions or terms outside of this agreement.What does the Severability clause do?The Severability clause decla res that if the courts find that a particular clause of the agreement is invalid or unenforceable, the validity of the remaining provisions of the agreement will not be affected. What does the Return of Property clause do?The Return of Property clause states that the Computer Services Provider will return all property belonging to the Customer upon termination of the Agreement.What does the Limitation of Liability clause do?This clause allows the parties to completely absolve the Computer Services Provider in the event that any losses, damages or any other liabilities arise out of the services provided.Where this clause is selected, the contract cannot also have an indemnification clause.What does the Indemnification clause do?An Indemnification clause is where the Computer Services Provider agrees to pay back the Customer for claims made against the Customer by any third party for any damage or loss arising out of the provision of the services.Where this clause is selected, a limit ation of liability clause cannot be selected.What does the Legal Expenses clause do?The Legal Expenses clause reiterates that legal costs and fees associated with any legal action will be awarded to the successful party.What does the Notice clause do?The Notice clause indicates how all notices under this agreement will be given.What does the Enurement clause do?The Enurement clause declares that any rights and responsibilities of the parties will pass on to their successors.What does the Titles/Headings clause do?The Titles/Headings clause states that the titles/headings of each section are inserted for clarification only and are not for purposes of interpretation. What does the Gender clause do?The Gender clause declares that words in the singular or masculine sense also encompass words in the plural and feminine sense, respectively.What does the Waiver clause do?The Waiver clause states that if one party waives its rights to enforce a breach by another party, this failure to enfor ce its rights will not be held as a waiver of any subsequent breaches.What does the Ownership of Materials clause do?The Ownership of Materials clause declares that materials developed in the course of the services will be the exclusive property of the Customer. The clause further holds that the Computer Services Provider will not be held responsible for damages resulting from the use of the mentioned materials for work other than services contracted for in the agreement.

The Definition and Tracking of Workplace Attendance

The Definition and Tracking of Workplace AttendanceThe Definition and Tracking of Workplace AttendanceTracking your employees attendance is important to your companys bottom line. Attendance is defined, quite simply, as showing up for work, but how can you track every employees attendance? While it may seem like a daunting task, its quite simple if you implement a well-defined policy and a tracking system. In regards to hourly or nonexempt employees, an attendance system clearly defines when employees are supposed to show up for work. This is especially important for nonexempt employees who frequently perform jobs that require another person to be present to serve customers. It is also important for employees who are a part of an automated process that requires a worker to be present at each workstation in bestellung to produce a particular product or a service. In general, attendance policies exist because of these kinds of workers. They do not exist for the sake of exempt employees . Attendance is also used to define the number of persons present on a particular day and most frequently refers to employees who are paid hourly. Present at Work and the HR Department Attendance is also referred to as present at work or presenteeism. For example, an HR department may make notes in an employees personnel file or in a companys assessment of its workplace challenges or goals. Examples of presenteeism notes kept by HR include Rob had a wonderful work attendance record he rarely missed a day of work.Mary has a challenge with attendance and arrives late to work at least two days a week.The attendance on first shift averaged only 75 percent on Mondays because employees were recovering from their weekend fun.Obtaining qualified employees who want to work a second shift with good attendance is challenging. Employees prefer to work days as opposed to working nights or, they prefer to work the midnight shift so that they have their days free. Second shifts cut into employ ees free time in both days and nights. What is an Attendance Policy? Simply put, an attendance policy provides the guidelines and expectations for employee attendance at work as defined, written, disseminated, and implemented by an organization. Attendance policies exist most frequently for hourly or nonexempt employees for whom an organization must generally track hours and pay for overtime exceeding 40 hours a week. Time-at-work record keeping is required by the Fair Labor Standards Act (FLSA)which governs the payment of overtime. Additionally, employees for whom attendance is tracked often perform jobs that depend on other employees being in attendance. Such jobs include production line work in a manufacturing facility. An attendance policy is sometimes used interchangeably with an absenteeism policy. However, an attendance policy is much more narrowly defined and limited to attendance, as opposed to absenteeism policies which address absenteeism management issues. A Samp le No-Fault Attendance ordnungsprinzip A No-Fault Point System is one example of an effective attendance policy. The goal of this system is to reward good attendance and eliminate the employment of people with poor attendance records. Because it uses a point systemand does not excuse absencesit leaves managers and supervisors out of the role of judge and jury. It is an objective system that places accountability and responsibility for attendance on the shoulder of the employee which is where it ought to be. In a no-fault attendance system, absences may be recorded using this system Each absence 1 point (no multi-day occurrences)Each late-in (tardy) or early-out 1/2 pointEach no-show for work 2 pointsEach return with no prior call 1 pointEach absence-free quarter eliminates all points and rewards the employee with a day off with pay.Each employee starts fresh, with no points, each year. Progressive disciplinary action accompanies a no-fault attendance system.If an employee earns a certain amount of points, they receive a warning that progressively worsens. A system such as this allows both the employer and employee to know exactly what the consequences will be for poor attendance. 7 points verbal warning8 points written warning9 points 3 day suspension10 points termination Its important to get your employees on-track with adetailed attendance policythat includes rewards and penalties for hourly employee attendance.