Most of us have been told to put our emotions aside at work and be all-business, all the time. Women tend to hear this message more often than their male counterparts, regularly being told they are being "too emotional" when it comes to high-stress situations, differences of opinion, high-stakes business matters, or even when they are just having a bad day. But no matter our gender, for the most part, the only emotions employers hope for or want to see in the workplace is happiness. Happy workers lead to productivity and overall success for the company, right?
Yes and no. Happiness is certainly important, both on a personal and professional level. Without feeling a sense of satisfaction, a person's well-being as well as their workplace performance is sure to suffer. Yet happiness is so much more complex than an outward cheery disposition and a plastered-on smile.
As per Business Insider, "Happiness is not just about developing positive emotions, it has two other constituent parts: purpose and resilience. Having a clear and meaningful purpose is a key element in sustaining long-term happiness."
A large part of our purpose is what we do with our lives and how we feel about doing it. What we do for a living makes up a great portion of most people's sense of purpose, and even if we are happy in the general sense, having the ability to deal effectively with our other emotions will help us maintain and even increase this sense of contentment. Like Business Insider puts it, "Developing resilience is the third highly essential component of happiness, as it enables us to deal effectively with negative emotions when they arise."
That is why we must allow ourselves to embrace our emotions – even at work – to remain, or even become happy, as well as a useful force in the workplace. Bottling up negative emotions will not lead to happiness – just the opposite. Workers may become frustrated, temperamental, or no longer have the drive to put in much effort. Not only should we be able to identify our own emotions, but those of the people around us as well, known as emotional intelligence.
As per Psychology Today, emotional intelligence includes three skills, "Emotional awareness; the ability to harness emotions and apply them to tasks like thinking and problem solving; and the ability to manage emotions, which includes regulating your own emotions and cheering up or calming down other people." This intuitive behavior is what makes working with others impactful and successful. In fact, TalentSmart notes, "People with a high degree of emotional intelligence make more money—an average of $29,000 more per year than people with a low degree of emotional intelligence."
Not to mention, emotions are what makes us human. With so much technology being developed and perfected every day, computers, robots, Artificial Intelligence, and the like are taking over roles people used to be required to manage. According to Business Insider, "Many indicators suggest that jobs of the future will require much more emotional intelligence to complement the sophisticated machines we work with. As more and more jobs are automated, the nature of the value that humans will add will evolve to focus around creativity, connectivity with others and self-fulfillment."
We need to stay aware of and connected to our emotions and learn how to handle them effectively and appropriately, even in the workplace setting. Not every day will be perfect, or even close to it, and it is OK to allow ourselves to feel it. When we can work through these feelings to arrive at a place of satisfaction once again, we will be better people and valued employees. So, do not take your emotions lightly. And never dismiss the feelings of those you work with either.
By understanding and accepting our own and one another's emotions, we will all be happier for it.
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Whether you are looking for a new job or trying to grow in your current one, getting a certification can be a great way to improve your skills.
Anyone can put that they are proficient in a computer program on their resume but having a certificate can help you stand out amongst the competition and give credence to the strength of your skills.
But what's the best way to invest in yourself without breaking the bank? Some certification programs can cost hundreds if not thousands of dollars. We are going to walk through six of the best certifications you can get for $100 or less.
Who is it best for: Those who work with analyzing and presenting data.
Cost: $100 for Tableau Desktop Specialist; additional certifications are available for a larger fee.
More companies than ever see themselves as data companies. Being able to understand data and use it to guide decisions at your company is often critical to taking on a leadership role. Not to mention, being able to present the data in a clean, attractive, and compelling way can help get buy-in from others in your organization or clients. That's why Tableau is a great tool to have in your toolbox.
Tableau allows you to create interactive visual analytics dashboards. In layman's terms, you can take data; create graphs, maps, or charts; and then allow end-users to interact with these graphics to better understand the information. It's a fantastic tool allowing non-technical users to gain insights for data-driven decision-making.
Tableau Desktop Specialist certification starts at $100 and has no expiration date. There are many videos on Tableau's site to prepare for your exam as well as Tableau Starter Kits allowing you to play around and learn the different capabilities of the program. Tableau offers a 14-day free trial as well as free license for one year for students.
Additional certifications after Desktop Specialist are Desktop Associate and Desktop Professional. Those working with a Tableau server may also be interested in a separate certification as a Server Associate or Server Professional.
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When you take out a loan for a car, charge something to your credit card, or get a personal line of credit, there is going to be an interest rate that applies to your loan.
A lot of different factors go into what you will be charged, including your own personal credit score. But even those with flawless credit still see a minimum charge that they can't get around. That all goes back to the Federal Funds Rate.
One thing consumers rarely realize is that all of our banks are lending money to each other every night. Banks are legally required to maintain a certain percentage of their deposits in non-interest-bearing accounts at the Federal Reserve to ensure they have enough money to cover any withdrawals that may unexpectedly come up. However, deposits can fluctuate and it's very common for some banks to exceed the requirement on certain days while some fall short. In cases like this, banks actually lend each other money to ensure they meet the minimum balance. It's a bit hard to imagine these multibillion-dollar financial institutions needing to borrow money to tide them over for a bit, but it happens every single night at the Federal Reserve. It's also a nice deal for those with balances above the reserve balance requirement to earn a bit of money with cash that would normally just be sitting there.
The Federal Reserve
The exact interest rate the banks will charge each other is a matter of negotiation between them, but the Federal Open Market Committee (FOMC) (the arm of the Federal Reserve that sets monetary policy) meets eight times a year to set a target rate. They evaluate a multitude of economic indicators including unemployment, inflation, and consumer confidence to decide the best rate to keep the country in business. The weighted average of all interest rates across these interbank loans is the effective federal funds rate.
This rate has a huge impact on the economy overall as well as your personal finances. The federal funds rate is essentially the cheapest money available to a bank and that feeds into all of the other loans they make. Banks will add a slight upcharge to the rate set by the Fed to determine what is the lowest interest that they will announce for their most creditworthy customers, also known as the prime rate. If you have a variable interest rate loan (very common with credit cards and some student loans), it's likely that the interest rate you pay is a set percentage on top of that prime rate that your lender is paying. That's why in times of low interest rates (it was set at 0% during the Great Recession), a lot of borrowers should go for fixed interest rate loans that won't increase. However, if the federal funds rate was relatively high (it went up to 20% in the early 1980's), a variable interest rate loan may be a better decision as you would be charged less interest should the rate drop without the need to refinance.
The federal funds rate also has a major impact on your investment portfolio. The stock market reacts very strongly to any changes in interest rates from the Federal Reserve, as a lower rate makes it cheaper for companies to borrow and reinvest while a higher rate may restrict capital and slow short-term growth. If you have a significant portion of your investments in equities, a small change in the federal funds rate can have a large impact on your net worth.
Whether you're leaving a job involuntarily, departing for something new, or just want to prepare for the unknown, it is smart to understand all your options regarding your 401k.