Job hunting

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Job hunting, job seeking, or job searching is the act of looking for employment, due to unemployment or discontent with a current position. The immediate goal of job seeking is usually to obtain a job interview with an employer which may lead to getting hired. The job hunter or seeker typically first looks for job vacancies or employment opportunities.

Steps

Locating jobs
Common methods of job hunting are:

* Finding a job through a friend or an extended business network, personal network, or online social network service
* Using a job search engine
* Looking through the classifieds in newspapers
* Using a private or public employment agency or recruiter
* Looking on a company’s web site for open jobs, typically in its applicant tracking system
* Going to a job fair

As of 2010, less than 10% of U.S. jobs are filled through online ads.[1]

Researching the employers
Many job seekers research the employers to which they are applying, and some employers see evidence of this as a positive sign of enthusiasm for the position or the company, or as a mark of thoroughness. Information collected might include open positions, full name, locations, web site, business description, year established, revenues, number of employees, stock price if public, name of chief executive officer, major products or services, major competitors, and strengths and weaknesses.

Networking
Contacting as many people as possible is a highly effective way to find a job. It is estimated that 60% or higher of all jobs are found through networking. Job recruiters may use online social networking sites for this purpose.

Applying
One can also go and hand out résumés or Curriculum Vitae to prospective employers. Another recommended method of job hunting is cold calling or emailing companies that one desires to work for and inquire to whether there are any job vacancies.

After finding a desirable job, they would then apply for the job by responding to the advertisement. This may mean applying through a website, emailing or mailing in a hard copy of your résumé to a prospective employer. It is generally recommended that résumés be brief, organized, concise, and targeted to the position being sought. With certain occupations, such as graphic design or writing, portfolios of a job seeker’s previous work are essential and are evaluated as much, if not more than the person’s résumé. In most other occupations, the résumé should focus on past accomplishments, expressed in terms as concretely as possible (e.g. number of people managed, amount of increased sales or improved customer satisfaction).

Interviewing

Once an employer has received your résumé, they will make a list of potential employees to be interviewed based on the résumé and any other information contributed. During the interview process, interviewers generally look for persons who they believe will be best for the job and work environment. The interview may occur in several rounds until the interviewer is satisfied and offers the job to the applicant.

onboarding
New employees begin their onboarding into new organizations even before their first contact with potential employers. While the best employers will invest in accommodating, assimilating and accelerating new employees[3], those joining firms that don’t should take charge of their own onboarding, doing their best to get a head start before their start, manage their messages, and help others deliver results after they start.


Job hunting in economic theory

Economists use the term ‘frictional unemployment’ to mean unemployment resulting from the time and effort that must be expended before an appropriate job is found. Search theory is the economic theory that studies the optimal decision of how much time and effort to spend searching, and which offers to accept or reject (in the context of a job hunt, or likewise in other contexts like searching for a low price).

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promo your business here – econcdi.org

A business (also known as company, enterprise, or firm) is a legally recognized organization designed to provide goods, services, or both to consumers or tertiary business in exchange for money. Businesses are predominant in capitalist economies, in which most businesses are privately owned and typically formed to earn profit that will increase the wealth of its owners. The owners and operators of private, for-profit businesses have as one of their main objectives the receipt or generation of a financial return in exchange for work and acceptance of risk. Businesses can also be formed not-for-profit or be state-owned.

The etymology of “business” relates to the state of being busy either as an individual or society as a whole, doing commercially viable and profitable work. The term “business” has at least three usages, depending on the scope — the singular usage (above) to mean a particular company or corporation, the generalized usage to refer to a particular market sector, such as “the music business” and compound forms such as agribusiness, or the broadest meaning to include all activity by the community of suppliers of goods and services. However, the exact definition of business, like much else in the philosophy of business, is a matter of debate and complexity of meanings.

put your businesses here for extra promo

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Economic history and organization

The floor of the New York Stock Exchange.

The cradle of the modern economy is the United Kingdom. The Scotsman John Law described his “Water Diamanten’ theory in 1705 the system of supply and demand in the market. The father of economics Adam Smith, His book An Inquiry Into the Nature and Causes of the Wealth of Nations (an investigation into the nature and cause of wealth) from 1776 is the start for the economy as a science. Others have his work further.

The big moment in the history of economics is the first industrial revolution. This revolution took place in the years 1780-1850. The production of goods and services are designed differently and takes impressive increase.

There are various ways to the state budget and the production organization. The main types are:

1. centrally planned economy or plan has been implemented by communism.
2. free market economy or capitalism in its pure form occurred in the early stages of the industrial revolution.
3. mixed economy that more or less practiced in almost every country in the world. One community will be more the character of a centrally planned economy, while another society more in the nature of a free market economy. There are several possible forms of organization. Most Western societies have a form of mixed economy with emphasis on the free market model.

The organization focuses on teaching strengths and weaknesses of different economic systems.

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Supply and demand

Supply and demand

within economics, there are two important core themes.
First there is the supply side of the economic system. The supply side is characterized by the use of production. There are four (traditional) production are distinguished:

- Work
- Capital
- Nature (or natural resources)

The fourth factor in production is distinguished entrepreneurship.
At the supply side of the economy involves the production of goods and services. The maximum possible production is called production. The production factors have a (socially agreed) to pay, for work is wages, interest on capital is that, for nature (land) that lease, and finally for business is the profit.

On the other hand, the demand side of the economic system. This is determined by consumer spending (consumption), producers (investment), government (government spending) and foreign (export). Supply and demand come together on the market. By supply and demand together creates the price of a product. Products, goods and services in the free market are all driven by spontaneous rates. Prices are scarcity indicators in the public sector pricing driven by political decisions. The available budget determines the size of the goods here.

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