After subtracting the cost of child care, is it really worthwhile for women to keep on working? Yes, says a first person article in Working Mother magazine, August.
Excerpts: "Subtracting the sitter's pay from my side of the ledger wasn't fair; it diminished my paycheck's value and took joy from a job I had loved, but sharing the child care burden with my spouse freed me from doubts -- of course it paid for me to work. . . . Too many women mistakenly look at the short-term child care cost and ignore long-term benefits of working. . . . One reward of staying in the work force is money, not just the weekly paycheck but future paychecks as well. . . . By age 40, women who worked continuously earn 50 percent more than women who work intermittently.
"Work experience and a longer track record add up to bigger rewards. . . . Also, you earn a decent pension; some day your golden years will come, but if you earn less today your future benefits will be less. . . . These days, getting health insurance on your own is extraordinarily expensive and maybe impossible. . . . And it's insurance if your husband leaves you. . . . In summary, Mom has a place at home and at work."
CEO CORNER: David J. B. Wallis, CEO, Baltimore-based Travel Guide, shares his success principles: "First, integrity; we never promise anything we can't deliver and we deliver what we promise. Second, regard for our 70 people; we have an 'Employee Recognition' program and our supervisors are expected to find award winners; if they don't, we talk about that. Third, focus; our business is providing travel arrangements to only 23 big organizations -- McCormick, T. Rowe Price, Noxell, Monumental, National Academy of Sciences, etc. -- and we must know where we are and where we want to go. We're unlike any other travel agency, focusing only on firms that spend $250,000 a year or more on air travel. Best advice I ever got? 'Trust a handshake, beware a contract.' "
MEN AT WORK: Referring to batting slumps, Home Team Sports commentator John Lowenstein gave advice that also applies to job seeking: "Don't keep the bat on your shoulder; if you keep swinging, you're going to hit some pitches. Also, don't read the papers or talk to the media. Visit the batting cage often, swing hard and you'll get out of your slump. We all get in them."
MARYLAND MEMOS: "More tourists visited The Rouse Co.'s Bayside Marketplace in 1990 than any other Miami area attraction." (Rouse house organ). . . . "Beginning July 1, new policy bans smoking in all company facilities." (BG&E house organ). . . . "During the last three-year period, earnings per share tripled, quarterly cash dividends increased six times and our stock price tripled!" (Charles P. "Buzz" McCormick in the firm's house organ). . . . Speaking of the nickname "Buzz," I wonder how many old-timers remember McCormick's old "Bee Brand" trade mark. . . . Merry Go-Round Enterprises is listed under "Most Proven Growth Companies in America" in Financial World, August 6. The firm ranks No. 117 of 500. . . . Jacobs Gardner, a Hyattsville office-supply company, is written up in Nation's Business, August. ("When you're too busy to leave your desk to get office supplies, this firm brings the store to you. Deliveries come next day."). . . . "Electronic Systems Group, Westinghouse, will be responsible for providing ATF radar as part of the Lockheed/Boeing/General Dynamics F-22 team. Contract value about $400 million, production potential over $1 billion." (Westinghouse house organ).