Friday, January 18, 2013

Best Companies to Work For

Google
Courtesy: GoogleRank: 1
Previous rank: 1
2011 revenue ($ millions): $37,905

What makes it so great?

The Internet juggernaut takes the Best Companies crown for the fourth time, and not just for the 100,000 hours of free massages it doled out in 2012. New this year are three wellness centers and a seven-acre sports complex, which includes a roller hockey rink; courts for basketball, bocce, and shuffle ball; and horseshoe pits.

Headquarters: Mountain View, CA
Website: www.google.com


SAS


Courtesy: SASRank: 2
Previous rank: 3
2011 revenue ($ millions): $2,725

What makes it so great?

With two artists in residence on staff, the perk-friendly, privately held data analytics firm takes creativity seriously. One employee cites SAS's "creative anarchy" as conducive to innovation. New this year: an organic farm for SAS's four cafeterias.

Headquarters: Cary, NC
Website: www.sas.com


CHG Healthcare Services


Courtesy: CHG Healthcare ServicesRank: 3
Previous rank: 9
2011 revenue ($ millions): $620

What makes it so great?

Employees of this medical staffing firm compete in talent shows, trivia contests, and activities like a Dress As Your Favorite President competition. Extra paid time off is given to sales teams that meet their goals. New this year: two on-site health centers.

Headquarters: Salt Lake City, UT
Website: www.chghealthcare.com


The Boston Consulting Group


Courtesy: The Boston Consulting GroupRank: 4
Previous rank: 2
2011 revenue ($ millions): $3,550

What makes it so great?

The elite management consulting firm maintains work-life balance by issuing a "red zone report" to flag when individuals are working too many long weeks. New consultants can delay their start date by six months and receive $10,000 to volunteer at a nonprofit.

Headquarters: Boston, MA
Website: www.bcg.com


Wegmans Food Markets


Courtesy: WegmansRank: 5
Previous rank: 4
2011 revenue ($ millions): $6,335

What makes it so great?

Turnover is an exceptionally low 3.6% at the Northeastern grocery chain, which lets employees reward one another with gift cards for good service. Many workers like it there so much they bring in relatives—one in five employees are related.

Headquarters: Rochester, NY
Website: www.wegmans.com
NetApp
Courtesy: NetAppRank: 6
Previous rank: 6
2011 revenue ($ millions): $6,233

What makes it so great?

Employees at the data storage company often get a chance to receive special recognition. Vice chairman Tom Mendoza asks managers to notify him when they "catch someone doing something right," and then calls 10 to 20 employees every day to thank them.

Headquarters: Sunnyvale, CA
Website: www.netapp.com


Hilcorp Energy Company


Courtesy: Hilcorp EnergyRank: 7
Previous rank: N.A.
2011 revenue ($ millions): N.A.

What makes it so great?

This oil and gas driller, a newcomer to the list, promised staff in 2010 that if the company doubles its production rate and reserves by 2015, every employee will get a check for $100,000. An earlier, met goal rewarded 400 employees with $50,000 toward a new car.

Headquarters: Houston, TX
Website: www.hilcorp.com


Edward Jones


Courtesy: Edward JonesRank: 8
Previous rank: 5
2011 revenue ($ millions): $4,577

What makes it so great?

The privately held securities firm maintains some 11,000 small offices and a close-knit culture with regular regional gatherings for ice skating, fishing tournaments, and more. Forty-four percent of new hires come from employee referrals.

Headquarters: St. Louis, MO
Website: www.edwardjones.com


Ultimate Software


Courtesy: Ultimate SoftwareRank: 9
Previous rank: 25
2011 revenue ($ millions): $269

What makes it so great?

The developer of people-management software—customers include Google, Quicken Loans, and the New York Yankees—covers 100% of health care premiums for employees and dependents and treats workers to a free vacation every two years.

Headquarters: Weston, FL
Website: www.ultimatesoftware.com/


Camden Property Trust


Courtesy: Camden Property TrustRank: 10
Previous rank: 7
2011 revenue ($ millions): $655

What makes it so great?

Good times are built into the business at apartment-manager Camden, whose founders are known for practical jokes and impersonations. Other benefits include discounted rentals for employees and a 401(k) that matches at least 50% for up to 7% of pay.

Headquarters: Houston, TX
Website: www.camdenliving.com




Sunday, January 13, 2013

Compound Interest

"Someone's sitting in the shade today because someone planted a tree long ago" This is the moral of the following article. I find this really interesting because i am in my early 30's and if you follow what the article below says it really makes alot of sense!

You've probably heard that starting early is one of the best investing decisions you can make. That's because investing done right is short-term boring but long-term exciting.
Carl RichardsThe reason? The reality of compound interest. Let me explain.
Many people talk about the power of compound interest. Albert Einstein is rumored to have called it the most powerful force in the universe.
Now, I suspect he probably didn't really say that, but whether he did or not, it's a point that we often miss in the discussion about compound interest. Despite it being one of the most powerful forces in the universe, it's not one of the most exciting - at least in the short term. Nothing really great happens until after years and years of discipline and patience.
Take this silly (but true!) story that's often told to demonstrate how powerful compound interest is: If you start with one penny and double it every day for 30 days, you'll end up with $5,368,709.12.
I should add a disclaimer here that if anyone offers you an investment that will double in value every day, you should run as fast as you can in the other direction. But let's get back to the main point. Sure, compound interest has a powerful outcome, but it takes an awfully long time to become fun and exciting.
Now take a look at our penny example again. One penny doubled is 2 cents. Two cents turns to $0.04, $0.04 to $0.08, $0.08 to $0.16, $0.16 to $0.32, $0.32 to $0.64, and $0.64 to $1.28. Nothing very exciting there.
But when you stick with it, it's that last few times when the figure doubles that it gets very, very exciting. You're looking at $1,342,177.28 becoming $2,684,354.56, and $2,684,354.56 doubling to $5,368,709.12.
That's the case with our investments, too. It's not very exciting at the beginning, but compounding becomes a powerful force after years of patience and discipline.
Let me give you a real example: Say you have Sarah, who decides at 25 to save $1,000 a month. She does that for 10 years. And then she stops. Then you have Roger, who waits until he's 35, and he saves $1,000 a month for 30 years. They both earn 7 percent on their savings.
    Now, 30 years after she stops contributing Sarah would have $1,262,089.05. But Roger, who would have put away three times as much as Sarah, would only have $1,133,529.44.
The reason Sarah only saved a third as much as Roger but ended up with more money is because she started earlier.
But here's what you have to understand: Nothing too incredible happened during that first 10 years that Sarah was saving and Roger wasn't. The exciting part happens years down the road. So we have to be patient and disciplined, counting on the fact that compounding is going to do its work in its own time.
It's kind of like planting an oak tree. As Warren Buffett said in an interview with News Inc, "Someone's sitting in the shade today because someone planted a tree long ago." The same thing applies to compound interest. We have to live through the boring parts in order to reap the benefits down the road.
And here's the key. Every day you wait you're not cutting off the flat end of the curve like I've drawn in the sketch. You're cutting off the steep end. You can't skip the boring part and get right to the excitement.
That's why we have to get started investing today.
I know that many of us didn't start early. Maybe you haven't even started yet. But this is an incredibly important concept. If you're 45 and haven't started saving, you don't want to be 55 and in the same (actually a much worse) position. So start now.
It's also an incredibly important concept to share with your kids, your grand kids, or even the neighbor's kids down the block. We have to start teaching them that if they want to enjoy the shade of that oak tree, they better darn well plant the seed now.
 
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