How to Manage your Finances during COVID-19 and other buzzwords you need to know!: Part 1

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With coronavirus pandemic numbers decreasing daily, we need to make sure that after this pandemic ends, we have learned a thing or two. Since some of us had to make some financial sacrifices due to some job changes; salary reductions or even – God forbids – layoffs; one of the things that we by now should be able to do is managing our finances.

For that, in this article, I will talk about how the majority of people manage their money and how those natural-born-budget-makers do.

Problem

Let’s start with how the majority of people manage their finances. You usually get your salary at the beginning of the month, set aside an amount of money for food and drinks, bills, supposedly entertainment, and health emergencies if you lived by yourself. If you are married, these expenses would be doubled. If you are married with kids, you could end up tripling or quadrupling, adding to them the school fees, if your kids are that age. At least, this sort of planning is what you know you should do.

Instead, most people once they get their salary and see or hear of something they want to buy, they either just do; I mean how hard is it these days to buy something that you’ve seen online? This momentary happiness is literally 3 to 5 clicks away.

Or, they beat themselves up because of all the financial responsibilities that restrain them from getting this momentary happiness.

A step back

Well, before we talk about how the natural budgeters make sure they don’t end the month with a negative balance or are indebted to anyone, let’s take a step back and revise some definitions that will help you understand the juicy parts of this article and consequently, hopefully, have a better financial life. I know you may already be familiar with most of these terms, but practice makes perfect.

Gross salary:

Let’s start with the basics, the gross salary is the total amount of money you get from your company before any deductions.

Net salary:

The net salary is the sum of money you actually get after all deductions are applied to your salary. The deductions can vary from insurance benefits to health benefits, etc. 

Revenue or Income:

Income is the total amount of money you make, whether hourly like translators, monthly like most people, or annually like football players. Since we talked about income, we must explain that it has two types.

Active Income:

This is the kind of income that gets generated when you do something. If you stop doing what you do, you don’t get this income. The most famous example of an active income generator is a job.

Passive income:

This concept is not familiar to most people. It’s mentioned in the best-selling book titled “Rich Dad, Poor Dad”, which we will cover in this article, and it’s kind of the opposite of the previous one. It’s the kind of income that gets generated without having to do “continuous” work, so if you stop, it will still be generating money.

Expenses:

This is the money you spend basically. They vary from necessities or needs to luxuries or wants.

Profit:

A profit is the remaining money after you pay all your expenses or in more sophisticated terms, it is the subtraction of expenses from revenue. Of course, the term profit is mostly used for companies. People prefer to use the term “savings” to better express this. Of course, most people don’t enjoy the prosperity of having any “profit” at the end of their months and they just live paycheck to paycheck to make ends meet, but that’s what we’re trying to change here. 

Loan:

A loan is an amount of money you borrow to do something. Its forms vary from borrowing money from a friend or a family member to applying for a credit card or borrowing money from a bank

Interest rate:

Loans aren’t usually handed over to be paid back with the same amount you borrowed, especially with banks. You have to pay them back with an added amount of money. This extra added money is called the interest rate.

Debt:

Debt is the amount of money you are due to pay someone or some organization. If you borrow 2000 EGP from a friend, your debt to this friend is 2000 EGP.

Assets:

Remember passive income? Yeah, assets are one of the main generators for that. They are the things you buy or invest money in and in return generate money for you whether on a short term basis or a long term. As you know, money or cash loses its value over time because of inflation, so the things that you buy to keep the value of your money from deteriorating are also considered as assets.

Liabilities:

It would be an exaggeration to say that liabilities are the opposite of assets, but for a minimalist like myself, not so much. Aside from your needs, anything you buy that does not generate money is considered as a financial liability, at least according to Robert Kiyosaki in his New York Times bestseller book titled “Rich Dad, Poor Dad”.

Stay tuned for our next article when we breakdown all the practical tips we have gathered to help you be more successful in managing your finances.

Why Internships Support Businesses during Covid-19 and Beyond?

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Following the COVID-19 financial impact on all of us, employers are looking forward to increasing efficiency and profitability at their workplaces. Companies have been struggling to maintain the same workflow with virtual tools, meetings, and processes. It’s difficult but manageable. Things have been up and down, but some main takeaways from these past 6 months are worth looking into. 

A successfully run organization can require a lot, but it can boil down to efficiency. A Lot can be done to accomplish this, let’s break down some ideas that can help drive this successfully. 

First, having an engaged workforce is key to suviging this. Maintaining regular follow-ups and providing constructive feedback to ensure that your employees are efficient in what they do and most importantly, satisfied with what they do. Second, hiring the right talents, which has been and will always be one of the main factors of a thriving organization. One of the workarounds to the tight financial challenges, hiring experienced part-timers or freelancers to reduce workload has proved to work wonders. Last but not at all least, hiring interns to get fresh new ideas and boost productivity.

Internship Programs Work! And Well!

Business recruiters are all now well aware of the importance of internship programs and how they can benefit their businesses; hiring interns is the best way to evaluate their potential as future employees, employers can easily discover qualified talents from the interns they hire without going through loads of resumes or interviews. 

This is where WUZZUF Internships Program for Employers comes in handy, companies from startups to multinationals will be able to get extensive exposure to hire and spot high-potential interns, all without worrying about their recruiting budget (free of charge).

We’re happy to report that for the fifth year in a row, WUZZUF Internships Program is back in action supporting more companies and startups to find their best-fit interns.

With more numbers increasing year over year, we now have 1,248 companies hiring interns, more than 6,000 internships opportunities, whopping 207,227 applicants, and 30,933 vacancies.

You will be able to hire high potential interns smarter and faster, all you have to do is open your dashboard and click the green button to post a new internship then use our pre-screening questions or modify them to identify the best applicants.

Check this link for more details: WUZZUF Internships for Employers

Why should you do this? 

Consider this, at the end of the day, you want what’s best for you and your people. Some examples of why internship programs help companies grow are,

  • Work productivity: Your interns making real contributions to productivity and reducing workload. A way of doing this is to transfer some of the simpler tasks to interns. They’re eager to learn, ready to work, and want the chance to prove their qualifications to get (hopefully hired at your company. This will also give your current employees some time to work on bigger, more demanding projects.
  • Branding: Internships will increase your brand recognition and exposure among job seekers. If your company impresses some interns, this will quickly spread the word around and you’ll find that the fresh graduates are willing and excited to work with you. 
  • New Blood: Interns can bring out fresh new ideas. When you involve highly motivated and energetic interns in your brainstorming sessions, they may be able solve some issues related to your business and come up with new things you never imagined. An outsiders eye will always bring in new perspectives. 
  • Engaged Workforce: An internship program provides an opportunity for your current employees to enhance their leadership and people management skills when they mentor and supervise interns. This can also be a great training opportunity for an employee who has the potential to get promoted. 

When posting an internship, consider the following to ensure the best experience for your company, you should ideally target interns who are less than 23 years old, your post must contain clear tasks, responsibilities, and duration, and finally, try to avoid using a confidential cover for your name. Remember, this is an amazing opportunity to brand your company and your people, utilize it.

How Will Interns Find Your Internship Opportunity?

Just like a job, interns will apply on our website to be considered in your internship opportunity. Their WUZZUF profiles will be shared with you and you’ll get the visibility over their education and their extra-curricular experience if any. 

We have a dedicated page for interns looking for new opportunities. As long as your new post is tagged as an internship, it’ll be featured in our Internship page, and easily visible to any new visitor looking for the next internship to apply to. 

It’s A Win-win Situation!

Applying for internships lets the interns learn new skills, gain valuable on-hands working experience, and expose them to the workplace and its dynamics. It also helps students improve their interpersonal skills, polish their professional growth and experience, and make them more competitive in the job market. All is well, definitely, who wouldn’t want that for the new generation of future graduates. 

Finally, if the intern showed interest in the daily operations, demonstrated proficiency, and learned various tasks easily, then they may get a potential job offer. This will ultimately lead to a win-win situation for you and your interns. Follow this through, and of course, if you have any questions, your dedicated Account Manager and Recruitment Consultant would be more than happy to answer them. You know where to find us. 

How to Sustain your Career during COVID-19 (Coronavirus) Pandemic.

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Since March 11th, 2020, when COVID-19 was declared a pandemic, we should have known that our professional life will not be the same during and after these circumstances. Many businesses have been affected badly, some have been affected positively but, that’s a story for another time. However, in this blog series, I will talk about the effect of this pandemic on you as a professional and your career.

Check episode one: How to Start your Career during COVID-19 (Coronavirus) Pandemic

Check episode two: How to Seek a New Career during COVID-19 (Coronavirus) Pandemic

Sustain the current career

To sustain or grow a career during a pandemic, you simply need to improve yourself to keep up with the needs and demands of that career; more specifically, you need to improve your technical skills. Check article two to review the definition of  your technical skills.

You can easily upgrade your skills by creating a learning plan or PDP (personal development plan), preferable with the help of a mentor. Use the extra time you might have while you’re staying at home because of COVID-19 to shape your learning plan in the following way:

Skills/ Learning Objectives

Here, you need to write down all the skills you want to acquire. Make sure you work on only ONE SKILL AT A TIME in order to make sure you don’t distract or overwhelm yourself.

Priority

Here, you write the relative importance of the skills you need in order to determine which is the most important to start with. You can rate your skills from one to ten, high/medium/low or simply use TDD.

Resources

Once you have your skills in priority order, you’ll need to research and document the resources you will use to learn the skills from. The more targeted and professional the course and provider is the better. Here’s a list of online resources you can use to learn almost any new skill.

  • Coursera.com
    • Choose from over 1,500 online courses on machine learning, project management, data analysis, and other technical skills.
  • Udemy.com
    • Browse from over 35,000 online courses from teachers and experts around the world on web development, photography, business, and more.
  • Udacity.com
    • Earn nanodegrees in web development, building mobile apps, data science, and more.
  • Edx.com
    • Join over 5 million learners in highly actionable online classes backed by Harvard, MIT, and other prestigious universities & organizations from around the world.
  • Yale University Courses
    • Open Yale Courses provides free and open access to a selection of introductory courses taught by distinguished teachers and scholars at Yale University.
  • Codeacademy.com
    • Learn to code for free, in HTML, CSS, Javascript, Ruby, and more.
  • MIT’s Open Courseware
    • Access all of the learning materials used in every MIT class, directly through their OpenCourseWare project.

Expected completion date

Here, you write the date for when you expect you will start learning each skill.Be realistic in your ability to finish on time and, again, remove all distractions that you can. The more realistic you are the better, especially if you’re someone who gets demotivated easily if they don’t achieve goals.

Checkpoint

It’s important to add a checkpoint date to make sure you’re on the schedule you created to learn this skill. Believe me, this will be handy if you’re learning a hard skill.

Actual end date

Here, you write when you have actually ended. If on-time, congratulations, reward yourself. If not, revisit the reason behind not adhering to the expected completion date.

Takeaway

As the saying goes, “If you fail to plan, plan to fail”. Having a strong plan for the skills you need to track your progress and removing distractions will help build your path to success. Every time you learn a new skill, make sure to update your resume and your online profiles. Again, regardless of the reason,, see the time COVID-19 is giving you and work on your career.

4 Tips to Nail Your Next Online Interview

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Since the COVID-19 pandemic outbreak, many of us have been forced to change the way we conduct our professional lives. employers are embracing remote work style and employees are entering a new, digital workforce era. Amidst all these unexpected changes recruiters and hiring managers are still tasked with finding the right talent. This sudden shift from in-person to video only interviews has come as a bit of a shock to many candidates especially those who have been training extensively for the traditional in-person interviews.


While questions and conversations remain the same, there are some differences between interviewing in person and through a digital screen, and with more and more employers using Skype, Google Hangouts, or Zoom as their main interviewing tools, it’s time to take your interviewing skills to the next level.

Check your tech

Remote interviews require technology. For starters, you must familiarize yourself with the software where the interview is taking place. It’s a good idea to try using the virtual meeting tool beforehand, like Zoom & Google Hangouts, which are currently made available for free test runs. This testing will allow you to determine whether the software recognizes your microphone, is picking up enough volume, and if the program is running efficiently with your internet connection.
At the time of your interview, make sure your device (computer, tablet, or phone—whichever you feel most comfortable working with) is fully charged. Or, plug it into an outlet, to avoid battery outage.

Pro Tip: Before your interview starts, make sure your interviewer gets your cell phone number so you remain reachable in case anything goes wrong. 

Prepare your interview space

With everyone improvising and getting creative with their home-office spaces nowadays, it’s important to find an area with minimal physical distractions for your interview. Consider creating a mini studio at your place; find a quiet, well-lit corner with a neutral background. It’s also important to remember that video interviews give a peek into your personal life so make sure that mini-studio/ space is clean and free of any possible distractions of people or kids in the background.
Before you conduct your interview, make sure to quit all unnecessary apps in your background. For one thing, they might impact your bandwidth and processing power—especially if you have to share a screen and walk the interviewer through some work of yours. Second, those apps can prove a distraction; a notification popping up at exactly the wrong moment can derail your answer to a particular question. 

Pro Tip: Do a trial run at the same time of day that you’re going to be doing the interview, so that you know exactly what the lighting is going to look like

Master the digital handshake

Just like your usual in-person interviews, first impressions do matter. In the first few seconds of your video interview, when you are seen on camera, make sure your body language expresses that you’re engaged and – to put it simply, alive. 

Your camera should be at eye level to avoid looking down or up when speaking and try to keep your eyes focused on the camera throughout the interview so it appears on the other end you are looking right at the other person.


Pro tip: avoid brightly-colored clothes or large pieces of jewelry that can be distracting. And, make sure your bottom half matches your upper half, in case you need to get out of your seat for any reason.

Be prepared


The all-time, common interviewing tip. With many candidates wrestling with new adjustments in the interview process, it’s important not to forget “studying” for an interview. Take some time before your interview to conduct extensive research on the role and the company; during the conversation, try to bring up recent news you’ve read about the company and maybe some personal experiences in your answers to break the ice. Being yourself will make you sound less robotic so DO NOT memorize answers. 

At the end of your research, jot down any questions that need clarification; If there is a specific question regarding the outlook of development for the position, or knowing the tasks you may handle, make sure to ask it when you’re given the chance as they will go a long way in impressing your potential employer.

Pro tip: Book your interview coaching meeting with WUZZUF Coaches to help you answer the most common interview questions.


Before you sit down for your next interview, it might help to do a couple of practice runs with friends or family to get comfortable and ask them to share their feedback. This will ensure things going at least relatively smoothly even if you’re not wholly comfortable with video interviewing as a format. Keep in mind that everyone is doing their best to adapt to this new COVID-19 situation, and that might help you relax a little more. And most importantly, stay safe 🙂

How to Seek a New Career during COVID-19 (Coronavirus) Pandemic

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Set your new career direction

If you can afford to look for a new career at this time, want to find a new career when it’s all over or if you are forced to look for a new career right away, you can use this time to your advantage. Even though many companies are not hiring, there are still others in this time that are. In any case, spending extra time at home during the pandemic should offer you more time to reflect and prepare. If you aim at shifting your career, here’s how you can use this time.

Let’s start simple. Even if it feels weird or too optimistic during this time, thinking positively will keep you focused on finding the right opportunities. To start things off you’ll want to set your new direction and do a skill check 

Find your passion

You don’t want to repeat the da** cycle again. You find a job, you get excited, the job consumes you and breaks your heart. What you do want is to find your passion. How? Friends and family members will always be very welcoming to give you their opinion and share their personal experiences on what career you should pursue. However, the right career for you is an important matter, and it’s better to seek a professional  opinion to guide you in the right direction.. One way to do this is to raise your market awareness through career coaching exercises. Then, seek advice from subject matter experts and professionals in the field you wish to join. Or ask us! check WUZZUF career coaching services now and get guidance from an expert.

Focus on your skills

Another important aspect of the career hunt is to assess and improve your skills. Before we get into this, you need to know that there are three kinds of skills; transferable, self-management and technical skills.

Transferable skills are the ones you can easily learn, can use in your current career and take with you to the new one; such as communication, leadership, presentation, etc. For example if you’re an English teacher, you will need the previously mentioned transferable skills and then add new relevant skills to achieve the teacher’s career duties. Transferable skills can also be called core competencies.

Self-management skills are the ones that you are usually born with or come naturally to you such as stamina, patience while answering questions, etc. Again, if you’re an English teacher the self-management skills you possess will also determine your ability to achieve your goals. Self-management skills can also be called talents. Since you’re usually born with such skills, they are harder to acquire but you can self train over time.

Technical skills are kind of self-explanatory. They’re the ones that you use in a specific career from a technical perspective to perform your job. It can include skills such as deep knowledge of grammar, pronunciation, punctuation, writing rules, etc. Again, if you’re an English teacher, you will need to have the previously mentioned technical skills and more of the sort to achieve your English teaching duties. This kind of skills’ complexity and depth depends on the career itself.

To change your career, it is valuable for you to do two things: :

  1. Showcase your current transferable skills in a way that gives you an advantage in the new career. 
  2. Acquire the missing technical skills that are needed in the next career move. .

In other words, when you focus on gaining the transferable and technical skills needed for your next career move, and showcase these skills in a professional way; you will definitely facilitate this career change.

This leads us to the third career scenario, sustaining your career during a pandemic. Stay tuned for episode 3: How to Sustain your Career during COVID-19 (Coronavirus) Pandemic.

How to Manage your Career during COVID-19 (Coronavirus) Pandemic

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On March 11th, 2020, when COVID-19 was declared a pandemic, we should have known that our lives (and our professional careers) would not be the same any time soon. Many businesses have been affected negatively, companies shutting down, pay-cuts and people being laid off. All of this happening, it’s bound to take its toll on careers and future plans for ourselves. In this blog series, I will talk about the effects of the pandemic on your career as a professional.

The first thing you need to know is “DON’T PANIC!.” Stay safe, follow your health authorities procedures and remember that “this too shall pass.” Now, with the niceties out of the way, here are a few practical tips on how to manage your career during the pandemic.

Managing a Career

You might be wondering; ”Will the coronavirus slow down an already slow hiring process even further? Will there be layoffs and hiring freezes? And, most importantly, can you find a new job if you need to? The answer is that it depends. Sure, the pandemic will cause some drastic changes to the economy which can and would affect any company’s decisions such as hiring; but do you know who gets hired during economic shifts? Those who don’t stop job searching and, instead, keep going. Even though many industries will suffer, there are some that are doing quite well so let’s get you ready in case you find yourself having to make a move. 

Your Professional Online Presence

Since you should have more time now than ever at your hands, you can start by simply creating and ensuring your presence on some of the most used and successful online job boards around the world to broaden your job search horizon. Here’s a list of some of the better ones. And, here’s how you can create a great  profile on WUZZUF.

These platforms are the future of hiring; they’re easier to use for employers than traditional CVs because they facilitate and automate the hiring process for employers by providing candidate scoring and applications tracking systems. These systems allow employers to rate your profile based on how relevant it is to the vacancy you seek.

Your CV

It goes without saying, a CV is still an extremely important asset in the hiring process. You’ll either need to email it or upload it as a part of your application process. Here are a few tips to create your CV for the first time. Also, here are some mistakes to avoid while writing a CV. If you’re more experienced than this, check out our guide to executive CV writing.

Your Portfolio

Some careers require having a portfolio where you compile samples of your work to showcase your expertise and demonstrate how good you are. An example of these careers is any variation of design (UX, UI, graphic design, etc). Your portfolio should highlight the best of your work and how diverse (or incredibly focused) your work is. This ultimate guide to personal branding will definitely help you.

Your Network

Now is a great time to reach out to your network and refresh your communication with them. You can also check how they’re doing during the  COVID-19 situation. Listen to our radio interview about how you can expand your professional network and use the tips included in the episode to give you a leg up.

Your Job Search Choices

The coronavirus is changing the job market, not just in Egypt, but around the world. You need to consider those changes while planning your next career move. For example, companies in travel, entertainment, hospitality, and event planning have been especially hit the hardest. On the other hand, healthcare, online retailers, delivery services, TechEd, and other fields are rapidly hiring. You should also consider working from home. (stay tuned for our series of webinars tackling that last point).

Whether you are forced to make a career move or you are doing it by your own choice, you should always be ready to go. It’s important to remain optimistic and hold on to your sanity during these troubling times. The changes are unprecedented and we have no idea yet about that’s at the other end of this situation. So keep an open mind, stay safe and wash your hands. 

 I hope that these tips helped you out and stay tuned for the next article on How to Seek a New Career during COVID-19 (Coronavirus) Pandemic.