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The $12.24, the median pay for a child care worker in 2020, is far below the $20.17 median pay for all types of workers, according to government data, and the disparity is one of the primary contributors to a worsening staffing shortage. Workers have determined they can make better money almost anywhere else, leading to long waiting lists for families, providers say. “They tell me, ‘I love the job, I love the kids, but I just can’t continue to work for $10, $11, or $12 an hour for those entry-level positions when I can make $16 to $18 doing something else,’” said Nicole Fetherman, executive director of LifeSpan School and Day Care, a child care provider with three locations in and around Quakertown, Pennsylvania....

The Manager’s Role Inside the Organization Organizations are hierarchies of titles. The organizational chart or the structure of the company and the relationships of the jobs and responsibilities, from the top down, may include CEO, vice president, director, then manager. Each of these people performs separate and critical functions, enabling the organization to function, meet its obligations, and turn a profit. The higher you climb in the organization’s ranks, the further away you move from the day-to-day operations and work of the firm’s employees....

Texas Ratio Formula To calculate the Texas Ratio, divide the bank’s bad assets by the assets available to cover those losses. More specifically: Divide nonperforming assets by tangible common equity and loan-loss reserves. Nonperforming assets include defaulted loans and real estate that the bank has taken possession of through foreclosure. Those assets are risks that could potentially become expenses for the bank. However, some loans might be government-backed loans, and the bank will be reimbursed if those loans default....

That’s not necessarily the case. You may have to endure a third interview and possibly more interviews after that. Those interviews may be with managers, prospective co-workers, hiring committees, or other company staff. On average, it can take three interviews to get a job offer. Learn why employers conduct so many interviews and review advice on how to ace a third interview, the questions you’ll be asked, and how to give the best response....

The average rate offered for a 30-year conventional fixed mortgage rate fell to 6.07% from 6.21% the previous business day. The 15-year rate also dropped, falling to 5.25% from 5.33% the previous business day. Our mortgage rate data only dates back to 2020, but if other measures are any indication, both rates are near their highest levels in over a decade. Fixed mortgage rates tend to track the direction of 10-year Treasury yields, which usually rise with heightened inflation fears (and fall when those fears subside)....

The average on a conventional 30-year fixed mortgage leapt to 6.17% from 5.87% the previous business day. A couple of weeks ago it reached 6.19%, its highest point since at least 2019, and likely much farther back. (Our daily mortgage rate data only goes back to April 2021, but our data on yearly highs and lows date back to 2020, so we know rates weren’t higher in 2020, and if other measures are any indicator, may have hit their highest point in over a decade....

Roth IRAs offer a lot of perks compared to other retirement accounts. Understanding these perks and how they could benefit you can help you decide whether a Roth IRA is right for you. Tax-Free Growth With a Roth IRA The greatest benefit of a Roth IRA is that the money in the account can grow completely tax free. You don’t pay taxes on any activity in the account. There are no taxes on any capital gains or dividends that you might receive from your investments....

The alternative that best fits your situation depends upon several factors, including how accessible you want your funds to be and the amount of interest you’ll receive for your investment size. Here are some alternatives to money market funds to consider. High-Yield Savings Account It might sound old-fashioned, but sometimes nothing beats a simple savings account. Savings accounts generally pay fairly low interest, especially when compared to other options on the list, but there are banking services that specialize in offering high-yield accounts....

For example, event planners need management skills to orchestrate events, secretaries need management skills to manage office processes, and benefits specialists need them to organize information sessions for employees. What Are Management Skills? Management skills are applied to a broad array of functions in areas like production, finance, accounting, marketing, and human resources. Common components of management in different arenas include: selection, supervision, motivation and evaluation of staff, scheduling and planning of workflow, developing policies and procedures, measuring and documenting results for a group or department, solving problems, developing and monitoring budgets and expenditures, staying abreast of trends in the field, collaborating with other staff and departments, and leading and motivating employees....

What Is a Wealth Management Firm? Wealth management firms offer a wide range of financial and investment advisory services, typically, to high networth clients. Although the definition of the wealth market is a highly elastic one and it can vary by firm, a generally accepted variant includes clients with at least $1 million in financial assets, but many firms set the bar lower. Here’s a look at some of the big named wealth management firm, in no particular order....

Some are trick questions, and others are designed to put you on the spot to see how you react. Then, there are those that don’t have a right or wrong answer or you are asked to solve a problem. These questions are intended to show how you think. With those, how you respond is as important as what you say when you answer. Why Are Tough Interview Questions Important? These tougher questions have a purpose: they give the interviewer a deeper sense of who you are and whether you’re a good fit for the company....

You can trademark your name if it has business or commercial value. Trademarking your name gives you an additional brand and keeps others from using your name. To trademark your name you must meet specific requirements with the U.S. Patent and Trademark Office (USPTO). Learn more about the qualifications for trademarking a personal name and the best types of names to trademark. What Is a Trademark? A trademark is a piece of intellectual property that allows you to set it apart from other goods or services....

Learn more about how and why to give notice to your boss and what happens afterward. What Is Two Weeks’ Notice? Two weeks’ notice is a courtesy that gives your employer time to prepare for your resignation and get a head start on hiring someone else. If you have an employment contract or union agreement that states how much notice you should give, abide by it. If not, two weeks’ notice is appropriate, but not required....

Jitalia17 / Getty Images Bond mutual funds come in many shapes and styles. Let’s start with five basic types of bond mutual funds while providing examples of quality bond funds. Investment-Grade Corporate Bond Mutual Funds High-quality corporations issue investment-grade corporate bonds to raise capital for the corporation. These bonds are typically rated BBB and above by S&P or Baa and above by Moody’s. Investment-grade corporate bond mutual funds allow investors to gain access to a diversified basket of corporate bonds, reducing risk (credit risk, interest rate risk, and reinvestment risk)....

Pgiam / Getty Images These development projects can range from a few thousand dollars to hundreds of millions of dollars, which makes offering construction loans risky for lenders. The type of financing a real estate development company will need depends on the type of construction project, how developed the land already is, and whether the loan will be temporary or long-term. How to Get a Commercial Construction Loan Commercial development carries high risks, and getting funding can be difficult if the developer and others involved do not have a track record of successful projects....

There can be many reasons for opting for an exclusive real estate listing and many ways to do so. We’ll cover the basics here. The Two Main Types of Listings Open Listings When an owner acts as their own agent or on their own behalf when selling their home, this is called an “open listing.” The home is listed for all to view, and the owner may have crossed paths with many real estate agents or brokers in the process of placing ads, showing the home, and getting offers, but they are in control of running the process....

If you’re being considered for a job and have been asked to take some kind of test, you may be wondering what the test is for, how it will influence your chances of being hired, and perhaps whether it’s even legal. Here, to help put such requirements into perspective is a brief overview of pre-employment testing. Legality and Function of Pre-Employment Testing Employers often use tests and other selection procedures to screen applicants for hire....

The Senate comprises two elected officials from each state. The House of Representatives’ membership is based on each state’s population. These two houses provide a check and balance for each other. The Senate makes sure that each state has equal representation, while the House of Representatives allows states with more people to have a bigger voice. The History of Congress The First Congress met from 1789 to 1791, and all Congresses have been numbered in order since then....

Comparing GDP Growth by Year When comparing growth by year, it’s also helpful to look at the unemployment rate by year and inflation rate by year. That tells you where you are in the business cycle. Negative growth signals the contraction phase. A recession and high unemployment are likely to follow. High growth must occur before unemployment recedes. That begins the expansion phase. For example, there was lots of expansion between 2010 and 2020....

Some of this has to do with when the seller is vacating, but not always. It’s frequently one of the biggest headaches in many real estate transactions, often rearing its head midway through the process when needs or circumstances might change. Sometimes, the date of buyer possession is never clearly established in the first place. In that case, the buyer and seller may develop contradictory expectations of when possession will change hands....