About the Company

The job announcement under consideration is from an advert posted on Taleo website requiring an economics research analyst for Nera Economic Consulting (Taleo 2016). Being a global firm which deals with complex competition economics, Nera Company employs economics experts dedicated to make use of applied economics, quantitative analysis, and finance to provide solutions to business and legal challenges. The employees are required to create strategies and recommend policies for government authorities and leading law as well as business firms in the world. Since Nera’s clients value the company’s ability to apply and communicate modern approaches clearly and persuasively, the consultancy is committed to providing unbiased findings and maintaining its reputation of an independent organization with high-quality services.

Characteristics of an ideal candidate

The company needs a research analyst as required by the European Competition in London office. The analyst needs to be flexible because there is a possibility of relocation to another city within the European Union for medium or long-term engagement. In order to be competitive in this position, the analyst should have adequate knowledge about the economies of the member countries (Everyday Finance 2008). In addition, the candidate has to be diligent and able to work under pressure when needed. Since the position will require making oral and/or written reports to seniors and to clients, the candidate must have good communication skills.

Skills and experience required

The minimum academic qualification required for the candidate is a master’s degree in Economics, Econometrics, or related discipline.  This individual should have exceptional academic performance in their field of study. Interest and skills in economic analysis are an added advantage for the applicants of this position. This is because the position holders have the task of solving analytical and empirical problems under tight deadlines. Therefore, proficiency in economic analysis and the use of mathematical or statistical software like Mathematica or Stata, can help fasten service delivery for the company (Greene 23). Since the position involves regular travelling as well as written and oral communication in English, the knowledge of this language is a major requirement. Besides, the offices of the company are based in London. The candidate is also expected to be fluent in several other languages accepted by the European Unison such as French and/or Spanish.

Responsibilities of the job

The position will have broad roles and tasks connected with securing, managing, and delivering economic and econometric reports. The company seeks someone who understands what it takes to present successful economic policies to government and corporate clients. The holder of this post will express ideas clearly and describe how economic techniques can be applied in the region. This role will require the candidate to be adaptable, agile and able to manage constant changes in the company through innovation (Whitcomb 43). The primary objective of this role is to help the business analyze economic situation and implement technological solutions in a cost-effective manner by determining the project requirements and communicating them to clients and company managers. Developing analytical solutions will need one to develop technical solutions to business problems and to advance the sales efforts of the company.

More specifically, the role will:

• Require one to use economic research methods to study, analyze and interpret statistical and economic trends within the region.
• Provide economic directions to clients requiring econometric analysis by inputting the cost-effectiveness analysis and cost-benefit analysis to projects.
• Contribute to research activities like designing of research tools using econometric and economic models and analysis techniques within the project.
• Provide reports to the company headquarter on the progress of all projects.

Reflection on additional reading “Would You Sign a 20-Year Employment Contract”

A long-term fixed employment contract may give an employee some advantages and may also pose serious challenges to career development. Long-term employment contracts require an employee to give a long notice of contract termination or face the consequences of breach of contract. This form of labor engagement may only be suitable if there is a reward for completion of the term agreed. However, slight deviation or breach of contract can lead to the loss of employment and waste of opportunities both internally and externally. This is because the contract binds both parties, thus limiting flexibility of each of them. This may later cause problems if the employee is dissatisfied with the terms or decides to leave the organization. On the other hand, the employer cannot replace the employee even if the position or skills provided are rendered obsolete without renegotiating the terms. Therefore, long-term employment contracts may cause deep challenges to the organization, especially in the modern era of constant changes in the workplace environment.