Time for a guessing game. We’re playing “Who am I?” Here are the hints: I get nearly free health care and pay only a pittance (relatively) for great child care. My cost for education is small. Since I work on average, 35 hours a week, I have time for my family and recreation, which includes free gym access and a summer camp for the kids. Oh and I have no fear of being laid off
Two labor-related reports this week offer no evidence that the recession Wall Street believes is over really is, at least so far as workers are concerned. The Conference Board’s monthly Help-Wanted OnLine Data Series reported that online job postings dropped by 83,000 in October. The number of newly posted jobs dropped by 24,000. “The September and October numbers are a further indication that, thus far, the recovery is weak,” says Gad Levanon, senior economist at The Conference Board.
A new study from Watson Wyatt has pretty good news for employees who miss their old salaries and 401(k) matches, and shows that employers are just as worried about keeping people as they were before everything went all haywire on us. Let’s start with retention . Take the percentage of surveyed employers (26%) who now say they are “significantly more concerned” about retention of key employees than they were before the economic crisis hit and the percentage (39%) who are “slightly more concerned” — add them together, and you find that almost two-thirds are more concerned about top-talent retention than before. On to salaries, benefits, hours, layoffs, and hours.
Economists expect that tomorrow’s jobs report from the U.S. Bureau of Labor Statistics will show 175,000 jobs were lost in September, the smallest since July 2008. A Bloomberg survey also says economists expect the unemployment rate to rise to 9.8 percent, the highest since 1983. An ADP report released this morning foreshadows the lower, yet still continuing job loss. The ADP National Employment Report says the U.S
New surveys this week are stoking optimism that the worst of the worst recession in (insert your choice of years here) really may be behind us. The Conference Board, which issues some of the most watched economic indicators in the U.S., reported that consumer confidence jumped 14 percent between July and August
Last week in Part 1 of this series, I mentioned that as the global economy continues to emerge, many organizations may find themselves needing to cut labor costs on a recurrent basis.
When many organizations are faced with the need to cut labor costs, the approaches taken are generally unscientific and poorly researched. Many simply do what other organizations acting before them have already done. The decision-making seems almost whimsical, with the final option selection process akin to throwing darts.
When I hailed a taxi on the Las Vegas strip last week, I never expected to find a former Lehman Brothers broker behind the wheel. His greeting: “I hope you’re not one of those liberals.” I am, but he didn’t hold it against me for long. Let’s call my driver Jack. Jack was an up-and-comer with Lehman Brothers for years and worked for the firm in New York, San Francisco, and Las Vegas