This is why youll keep doing something you hate

This is why youll keep doing something you hateThis is why youll keep doing something you hateWhen we are trapped in a sunk-cost fallacy, we get too stubborn to walk away from an objectively bad decision. We will not cut our losses and run, because we have invested too much money, time, and energy towards it. Behavioral scientists have long called us out on this trap.Now, theres new research that finds we can get roped into other peoples sunk-cost decisions too. Did someone choose a bad vacation spot? Were not likely to cancel. Now thats our problem too.This is why youll wear your aunts scratchy, gaudy sweaterWhen you landsee someone make a bad, unprofitable decision that they cannot get out of, you wont abandon them to their fate. Youll shovel down cake even when you are full if you know your coworker drove across cities to get it. Youll agree to keep watching that terrible hotel movie if your partner already bought it. Youll keep going to tennis lessons your family member paid for, even if it pains you.These were the kinds of experiments, Christopher Y. Olivola, an assistant marketing professor at Carnegie Mellon Universitys Tepper School of Business, tested. He found that we will keep forging ahead on someone elses bad decision, feeling their aversion to loss and regret as our own. Participants were more likely to choose the less enjoyable alternative when someone else had invested substantial time or money to obtain it (sunk cost for other high/present) than when that same partie had invested little or nothing (sunk cost for other low/absent), he wrote.It does not even matter if the decision maker followed through on their bad investment. I repeatedly observed a sunk-cost effect when the person incurring the cost was someone other than the decision maker. Moreover, this occurred even when that person would not observe whether the decision maker honored his or her sunk cost, Olivola said in his paper.This is an irrational impulse because presumably, the deci sion maker would not want us to be miserable.Their past sunk investments do not justify making ourselves less happy,Olivola said. And yet, we continue to have hero complexes. We want to save people from themselves, especially when we know what their decision cost them.Imagine, for example, receiving a rather gaudy and uncomfortable sweater from a well-intentioned aunt and consider how your willingness to keep it and wear it at family events would be affected by learning that she had saved a months salary to purchase it, Olivola said. I suspect that many readers would find it psychologically more difficult to discard the sweater in light of their aunts significant investment.

6 Tips for Your First Job Interview

6 Tips for Your First Job Interview6 Tips for Your First Job InterviewWe know going on an einstellungsgesprch for a job you really want can be stressful, especially if youre interviewing for your very first job. Because ResumeSpices interview preparation and career coaching services were built by recruiters, we also know the most important ways to prepare and present yourself to hiring managers.Below are some helpful starting points from the career consultants at ResumeSpice to help you put your best foot forward in any interview situation.PrepareHiring managers want to hire people who know, care, and are passionate about what the company does. Do your research on the companys products or services, check to see if theyve issued any press releases lately, and re-read the job description to ensure you understand the job fully. Its important to be able to speak confidently about your ability to perform each required task.Dress to impressThe day-to-day work attire may be casual, but on y our interview, youll want to dress professionally. Dressing professionally will demonstrate to the hiring manager that youre serious about the job and respect the company and person with whom youre interviewing.Be on timeNo one likes to be kept waiting, least of all someone who could be deciding whether or not youll receive an offer. Check in for your interview 15 minutes before your scheduled time unless instructed otherwise.Be yourselfUp to this point, the hiring manager has only seen your professional skillsets on a piece of paper. The interview is an opportunity to show him or her who you are and how well youll fit in with their corporate values and culture. This goes back to preparation. Remember why you applied for this specific position and speak to that during the interview. Pinpoint a few different points that genuinely interested you about the position or the company so that when they come up, you can have a genuine dialogue about them.Ask questionsAsking insightful questi ons is critical. Being prepared with questions shows a hiring manager that youre truly interested in the position and that you want to understand more about how youll bring value to the organization. Write down a list of questions that are important to you and bring them with you to review before the interview.Follow UpAfter your interview, send a thank you email the same day to thank the recruiter and the hiring manager for their time and consideration. Keep it brief, but thoughtful. You can also send a handwritten thank you in the mail after you send your email.Interviewing for a job can be stressful, but these six pointers can help with your interview preparation. If you want one-on-one advice from a career consultant who knows exactly what hiring managers are looking for, contact our career consultants at ResumeSpice today.

12 Inspirational Quotes for Job Seekers

12 Inspirational Quotes for Job Seekers12 Inspirational Quotes for Job SeekersSeeking a job can be tough on the spirit. It is a daily process of putting yourself out there to be accepted by a company. Between rejection emails, silence, LinkedIn advice, and interviews, it is often hard to stay motivated.Today, we present you with 12 inspirational quotes for job seekers. Keep these with you as you continue your search to find your dream job1.Desire is the key to motivation, but its determination and commitment to an unrelenting pursuit of your goal - a commitment to excellence - that will enable you to attain the success you seek. - Mario Andretti Profession Race Car Driver2. Motivation is everything. You can do the work of two people, but you cant be two people. Instead, you have to inspire the next guy down the line and get him to inspire his people.- Lee Iacocca Profession Businessman3. Dont worry about failure. You only have to be right once.- Drew Houston Profession Co-founder, Dropbox4. You cant connect the dots looking forward. You can only connect them looking backward. So, you have to trust that the dots will somehow connect in your future.- Steve Jobs Profession Founder former CEO, Apple5. I try not to make any decisions that I am pretty excited about.- Jake Nickell Profession CEO, Threadless6. You can only become truly accomplished at something you love. Dont make money your goal. Instead, pursue the things you love doing and then do them so well that people cant take their eyes off of you.- Maya Angelou Profession Author7. Do not bring people in your life who weigh you down. And trust your instincts good relationships feel good. They feel right. They dont hurt. Theyre not painful. Thats not just with somebody you want to marry, but its with the friends that you choose. Its with the people you surround yourselves with.- Michelle Obama Profession Lawyer former U.S. First Lady8.. Never limit yourself because of others limited imagination. Never limit others because of your own limited imagination.- Mae Jemison Profession Engineer, Physician, NASA astronaut9. Stop wearing your wishbone where your backbone ought to be.- Elizabeth Gilbert Profession Novelist10. Success consists of going from failure to failure without loss of enthusiasm.- Winston Churchill Profession former British Prime Minister11. Dont be afraid to fail. Dont waste energy trying to cover up failure. Learn from your failures and go on to the next challenge. Its OK to fail. If youre not failing, youre not growing.- H. Stanley Judd Profession Author12. Choose a job you love, and you will never have to work a day in your life.- Confucius Profession Chinese teacher, Editor, Politician