November 24
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Week in Work

Job Market Bright for College Grads
The job market continues to be strongest for college grads, especially those with a high level of computer proficiency, a new Michigan State study on employment trends has found. Public-speaking and presentation skills were also mentioned by employers as highly desirable. The researchers predicted that the 1999-2000 academic year will see an expansion in the labor market of 10% to 15%.

Starting Salary Ranges Released
The new Michigan State study on employment trends has found that the average college graduate can expect a starting salary of $27,000 to $30,000. That number is higher for engineering majors, with a range of $41,700 to $44,400, and math majors, at $39,700 to $43,700. The lowest range was for psychology majors: $23,300 to $26,200.

Elder Care Cuts Into Pay Raises
Acting as a caregiver for an elderly relative jeopardizes promotions, pay raises and training opportunities, a new study suggests. The study looked at 55 workers who provide unpaid care for their elderly relatives. The average financial loss over a lifetime was $659,139, including wages, pension and Social Security benefits.

Web Recruiting Gains Wide Acceptance
Job recruitment on the Internet is becoming a widely accepted norm, according to a survey by Forrester Research of Cambridge, Massachusetts. More than 2.5 million resumes are currently available on the Web. Employers -- especially in the tech field -- said they view the Internet as a cheaper, quicker and wider-reaching way to find employees.

Families Opting for Lighter Work Commitments
A new Cornell University study has found that nearly three fourths of middle-income working families have scaled back their work commitments to have more time for family. The study of 117 families found that twice as many women as men have chosen to limit their work hours. About 40% of the couples solve the time crunch by having one spouse -- usually the husband -- work longer hours in a "career," while the other spouse's work was seen as a less serious "job."

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