Friday, 26 April 2013

10 Most Asked Interview Questions: How To Tackle Them


How many of you had stumbled upon an interview question you haven’t prepared yourself for, and your mind drew a blank? Sensing that awkward silence, you blurted out whatever words you could find and desperately made sentences out of them. The interview ended moments later, and as you reflect back on what you had said, you dreadfully realized those words don’t make much logical sense!
interview questions
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Okay, if you are looking for a job now, then you’re in luck. This is a guidance post of ten most common interview questions that you might be asked for your upcoming interviews. If you’re still sending in your resumes to companies, I’ve also posted an earlier entry that you can refer to: 7 Great Ways to Get Your Resume Noticed.
Without further ado, here are the top 10 questions, let’s get started!

10. "Tell Me About Yourself?"

This is typically the first question the interviewer will ask once you’ve taken your seat. This is the opportunity for the interviewer to assess you as a person through what you say and how you deliver it. As they always say, first impression is at utmost important, so you’ve to make sure you’ve prepared yourself adequately to answer it. Keep it short and succinct, preferably within 2 – 3 minutes.
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How should you reply then? Like I said, you should have done your research on what the company expects from the candidates before heading for the interview. Your answer then, is to address how your qualities (e.g. qualifications, personalities and work experience) are relevant to the position in question. Therefore, you should only convey information applicable to what is required for the job, but not irrelevant ones pertaining to your family or personal events, for instance.

9. "What Are Your Weaknesses?"

At first glance, this seems tricky. On one hand, you can’t reveal that you lack what it takes for the job; on the other, it will be an obvious lie if you claim you don’t have any weaknesses. What should you disclose then?
weakness
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If you have thoroughly gone through the company’s profile and such, you will by now understand what qualities are considered strengths, and what are not. Now, there are several ways to answer double-edged questions like this.
With your knowledge of what constitute as weaknesses that are frown upon by the interviewer, you can admit to those which you have that are impertinent to the job requirement. Secondly, you can mask strengths as weaknesses. For instance, you can say you are a very meticulous person who gets picky with details of a project (for this to work though, the job must be one that is particular about specifics). Last but not least, you can confess to past weaknesses but show how you had triumphed over them.

8. "What Is Your Greatest Accomplishment?"

Although the interviewer is asking you about your greatest accomplishment, you still have to choose one that is more professionally relevant. This is a good time to illustrate how you can contribute to the company if you are successfully recruited, so it will be to your advantage if you mention an achievement that applies to the position.
accomplishment
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Let’s say you are applying for a position that requires a significant amount of problem solving and troubleshooting. You might want to talk about a time when you resolved a persistent problem that had plagued your company for years. You can explain how you initiated some research and made a useful suggestion that was eventually implemented to all departments. If possible, quantify your results in terms of savings made and increased productivity for instance.

7. "Why Did You Leave Your Last Job?"

There are various legitimate reasons for leaving a job. Yet, when it comes to interview, try to answer positively rather than complain about what made you unhappy. Talk in relation to your career goals and how the job you are applying provides a better environment for growth than your previous job. As always, angle your reply in such a way that what you had learned in your previous job had enriched you with valuable skills for the current position.
leave job
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Here, the interviewer is trying to gauge how much the job fits to your expectations. You had probably quit your last job because you were unhappy about something. The interviewer wants to make sure that you will be committed to the job and not leave because your expectations are not met again.

6. "Why Do You Want To Work With Us?"

More likely than not, the interviewer wishes to see how much you know about the company culture, and whether you can identify with the organization’s values and vision. Every organization has its strong points, and these are the ones that you should highlight in your answer. For example, if the company emphasizes on integrity with customers, then you mention that you would like to be in such a team because you yourself believe in integrity.
work with us
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It doesn’t have to be a lie. In the case that your values are not in line with the ones by the company, ask yourself if you would be happy working there. If you have no issue with that, go ahead. But if you are aware of the company culture and realize that there is some dilemma you might be facing, you ought to think twice. The best policy is to be honest with yourself, and be honest with the interviewer with what is it in the company culture that motivates you.

5. "Why Did You Apply For This Position?"

Even if it’s true to a large extent, don’t give them the vibe that you applied for this job because you were retrenched from your previous company. Or for that matter, don’t give the impression that you are here because you need to make a living. Any company wants someone who is committed to the organization and eventually developed a sense of belonging with it. It doesn’t help claiming that you’re here for the monthly paycheck.
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In fact, the best way to answer this question is to spend some time examining what you like or would like about your work and the company. It is likely you will find something, such as the culture, work environment, meaning of your work, etc. If you didn’t find anything, then you should seriously consider if this is the right job for you.
Once you know why you want this job, you can then answer them in a manner that’ll relate how well you fit with the position. For example, if you like the customer service work involved because you enjoy communicating with people, bring up that sociable personality of yours. Convince them that you’ll fit in very well here, and you’ll in turn convince the interviewer that you’ll be an asset to the company.

4. "What Would You Like To Be Doing Five Years From Now?"

Again, this question is asked to find out whether you are committed to the job. The fact is that there are people who hop from job to job, and that is because they don’t really have a solid plan to follow.
Another reason for popping this question is to see whether you are someone who sets goals in life. It’s undisputable that people who set long-term goals are more reliable than those who don’t. I mean, knowing what you want in life says a lot about your personality, perhaps as a person who can lead and stay motivated.
five years from now
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Your reply should assure the interviewer that your career progression goals are in line with the actual advancement route in the company. The interviewer wouldn’t want to disappoint you in the next five years and end up with you resigning. As such, it is crucial that you do your homework on the company’s prospects so that you know what to expect for yourself, and whether it will meet your long-term career objectives.

3. "Why Should I Hire You?"

This is the part where you link your skills, experience, education and your personality to the job itself. This is why you need to be utterly familiar with the job description as well as the company culture. Remember though, it’s best to back them up with actual examples of say, how you are a good team player.
hire
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It is possible that you may not have as much skills, experience or qualifications as the other candidates. What then, will set you apart from the rest? Energy and passion might. People are attracted to someone who is charismatic, who show immense amount of energy when they talk, and who love what it is that they do. As you explain your compatibility with the job and company, be sure to portray yourself as that motivated, confident and energetic person, ever-ready to commit to the cause of the company.

2. "How Much Are You Expecting For The Salary?"

Salary negotiation is a tough and delicate matter. Preferably speaking, you should avoid going into this topic until the later stage of the recruitment when you are being offered the job. That said, some recruiters might be hoping that you’d yield in to this question and be the first to give the number and set the benchmark. The repercussion? You might end up making less than what the position is worth!
salary
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Hence, research on the salary range in your field to have a rough estimate of how much you should be earning. Give a large range rather than a specific amount if you have to answer it. An alternative is to pose the question back at the interviewer by asking what kind of salary does the position warrants. At other times, interviewers might just be testing you to see if money is the only thing that matters. So, do emphasize that your priority lies with the nature of the job and not the salary per se.
Remember that when the job is finally being offered to you, the interviewer would have to quote the salary. That will be the best time to negotiate your way because you will then become the one being sought after, and not the other way round.

1. "Do You Have Any Questions To Ask Me?"

This is normally the last question posed to you, so it’s your chance to finish the interview elegantly. True enough, your doubts about the job position might already been allayed by this time when the interview is almost done. Nevertheless, you’ve got to say something other than replying that you’ve got nothing to ask. Doing otherwise might leave the impression to the interviewer that you are not exactly keen to get the job.
Unless an employer is interested in recruiting a passive employee, the interviewer is likely to be attracted to proactive candidates who ask intelligent questions. If you must ask, do make sure that they aren’t those with obvious answers that you can get if you have done the research thoroughly. Yes, there’s no such thing as a stupid question, except those that you ask for the sake of asking. Try to incorporate your knowledge of the industry and the company into a question that will address a genuine concern of yours. That way, you get to amaze your interviewer and assess for a final time whether the job aligns with your expectations.
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One of the best responses to this question is to find out about your chances of landing this job. Thank the interviewer for the opportunity and express your enthusiasm for the position before asking if there is any reservation for hiring you. This will be your final chance to address any concerns the interviewer might have of employing you. Stay calm and reply objectively rather than taking any criticism personally.
Of course, you are free to ask any questions in your mind. It is, after all, you who is seeking a rightjob for yourself. Gather as much information about the position and have a feel of what it’s like working there day in, day out. If they offer you the job and it is what you are seeking for, go for it!

Friday, 19 April 2013

Insurance

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  • Life Insurance: Protect Those That Matter To You Most

    If you think about it for a minute, you insure everything that's significant in your life; why not insure yourself? You are priceless after all (or at least pretty close to priceless). Life insurance helps provide you peace of mind and can provide your family with financial stability and security when it matters most.
    It's easy to get a life insurance quote online from Life Quotes, Inc. through the GEICO Insurance Agency. Or call us at 1-888-532-5433 and speak to one of our insurance reps.

    So, How Does It Work?

    If you suffer from insomnia, then you can try reading the endless explanations and confusing legal mumbo-jumbo on the internet. You'll be instantly cured.
    Or, if you're truly curious, consider these simple questions:
    • Do you work full-time, inside or outside the home?
    • Are you a caregiver for your children and/or spouse?
    • Do you own a home?
    • Are you recently married, do you have children, or are you recently retired?
    Every dollar earned, every daily task that contributes to your household running smoothly, every investment...all of it factors into the security and stability that you and your family rely on each day.
    A life insurance policy helps to ensure that in the event something happens to you, the needs of your loved ones can be provided for up to the amount you feel you are worth. Or your family can be provided for based on the policy amount you choose.

    What's In It For Me?

    We're glad you asked.
    The answer is simple: a life insurance policy helps give you and your loved ones protection from the unexpected. You know that if something happens to you, your family will have the financial protection they will need down the road.
    A term life insurance policy is the most affordable and the easiest to understand. You specify the length of the contract in 5-year increments, various flexible payment options are available, and the policy provides basic protection without a bunch of the extras that complicate other types of life insurance policies.

Monday, 15 April 2013

Do You Dare Sue Your Broker?


In theory, if you have lost money because your broker (or any financial institution) gave you bad advice, mismanaged your investments, misled you in any way or did various other unlawful and ethical things, you can sue for damages. If these breaches of duty are provable, the "merits of the case" are strong, as a lawyer would say. Unfortunately, these merits may not be enough to get you fair compensation with a fair amount of financial outlay. No matter how good the case, the road to financial damages is a rocky one.

The Theory and the Reality 
In an ideal world, if you have a good case, you or your lawyer would write to the broker explaining the situation and requesting that he or she pay a certain amount of compensation or make a fair offer. The broker would face the realities of the situation and act with integrity, offering you a reasonable sum. If he or she genuinely believed you were mistaken, he or she would explain why, backing this up with the appropriate financial and/or legal evidence. 

Unfortunately, we do not live in an ideal world and nothing makes a broker's blood run cold (or perhaps hot) more than a damages claim. The amount of money involved is generally not trivial and there is often a fear of "the floodgates opening," as you are probably not the only client in this position. It is also human nature that people are reluctant to admit they are in the wrong, no more so when this affects their pocket. Last, but very definitely not least, the civil law system has some intrinsic flaws that can be exploited by the unscrupulous and/or desperate.

So What Actually Happens? 
In many or most cases, the broker will deny absolutely everything with arguments that will make your own blood either boil or freeze. The defenses will range from blaming you, the market or both, to distorting the figures or the laws, the logic or anything else that shifts the liability for the losses away from the broker. This first response will generally be presented as one of injured innocence.

If you push further, it will get nasty. Despite legal and ethical obligations to treat complaints fairly, this is also a theoretical ideal that is often totally disregarded in practice. The unstated and sole objective of the broker is to avoid (or evade) liability by any means available. Do not, therefore, expect fairness or sympathy and understanding; the firm will regard you as an enemy and treat you accordingly. You will be told that "our position is clear," which means "we will admit nothing and offer nothing, and if you want one dollar back then sue us, if you dare." The question is, should you dare?

Why It Would Indeed Be Daring 
The odds are stacked against you, especially if you are dealing with a large firm. You will be stressed throughout the entire case, but the firm but will be as cool as the proverbial cucumber, because it will turn the case over to its compliance people and/or lawyers, who are familiar with all the tricks of the trade, have available resources of all kinds and who know that the converse applies to you. Such cases are often complex, invariably very time consuming and truly draining on all one's resources - financial, mental and physical.
The other side can and will run up massive legal fees, and if you back out part way you will owe them a frightening amount of money. The fees accruing on the other side are the real problem; they are used as a strategic weapon. The theory is that judges are infallible and if you lose, you were in the wrong, deserve no damages and should therefore pay the costs of the other side. 

It is also common for the other side to try and avoid the real issues and merits of the case from ever being discussed openly and fairly. Thus, the civil process itself gets misused bureaucratically, through various administrative tricks and processes, while the actual financial mismanagement is either not dealt with at all, or simply denied validity.

Furthermore, the less of a case the firm has, the more they will resort to such tactics. The other side will probably believe it has a better chance of escaping liability by mismanaging your complaint and manipulating (or taking its chances with) the civil system than dealing with you fairly out of court, especially if you are in the right. 

In addition you can still lose in court because the judge gets it wrong or the broker hires legal and financial "experts" who manage to convince him (incorrectly) that the merits of the case are weak. There are a lot of financial people out there who will testify to anything for a not-so-modest fee. Justice is definitely not always done, hence the saying "on the high seas and in court, you are in God's hands."

The ugly reality is that investors generally lose money because the investment was too risky, but trying to get damages out of the broker or firm is also fraught with financial and other risks. This all sounds daunting and rightly so. The emphasis must be made that you can still win, but you need to be aware of the harsh realities. Litigation, just like investments, can be missold.

On the Other Hand …
If you are not dealing with a big firm, there is a far more level playing field and you have a much better chance. Likewise, if you have legal insurance that will cover most of the cost, you can proceed more easily. It is also sometimes possible to get "after-the-fact insurance," which is not cheap, but it does mean your potential losses have a ceiling.

Furthermore, if you do have a powerful case, are mentally and physically tough, relatively risk friendly and/or lost a lot of money (but hopefully still have a lot) and really want to see justice done, it may still be worth going for it, even against a big player. 

The Bottom Line
A financial damages claim is not for the fainthearted, but it may be worth it in the end. Make sure you think things through very carefully before the cost "clock" starts ticking away, and bear in mind that you will probably not get objective advice from a lawyer who is keen to sell (or missell) litigation. Suing a large firm is certainly difficult, but it is not impossible and it may be worth trying. The more level the playing field in terms of resources, the better your chances. Either way, the unfortunate reality is that litigation is an investment in itself, with its own risks and rewards. There are substantial costs involved, both financial and non-financial. All these factors need to be weighed up in advance and a sensible decision made. In some cases, it is better to live with the losses.