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This Week's ERN
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interbiznet presents the Bugler |
| October 19, 2000 |
Fast and Wrong?
When a job isn't filled, a company loses money, right? John Sumser explores the costs of getting the wrong candidate, quickly.
From the Bureau: September
According to the Bureau of Labor Statistics, The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.5 percent last month, before seasonal adjustment, to a level of 173.7. For the 12-month period ended in September, the CPI-U increased 3.5 percent. The Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) rose 0.6 percent in September, prior to seasonal adjustment. The September level of 170.4 was 3.5 percent higher than the index in September 1999.
Real average weekly earnings fell by 0.1 percent between August and September after seasonal adjustment, according to preliminary data. This was due to a 0.6-percent increase in CPI-W. This movement was mostly offset by a 0.2-percent increase in average hourly earnings and a 0.3-percent increase in average weekly hours.
Executive Talent Demand Index
Execunet reports that the overall demand for executives increased by 34 percent during the third quarter of 2000 versus same time period last year. Although overall demand continues, demand for General Management has eased up. In the first quarter of 2000 demand for General Management had increased by 71 percent year-over-year and in the second quarter of 2000 by 49 percent year-over-year.
Job Dissatisfaction At A High
Despite a record-breaking economic boom, a strong stock market, and high levels of
consumer confidence, more Americans are less satisfied with their jobs than they were 5 years ago, according to The Conference Board. Less than 51 percent say they are happy with their jobs, down from nearly 59 percent.
Over the past 5 years, job satisfaction by age group has declined the most for 45 to 54 year olds -- from more than 57 percent to less that 47 percent. The next largest decline was among the 35 to 44 year olds, whose ratings have collapsed to 51 percent, down from nearly 61 percent.
Job satisfaction was also sorted by income and by location. The least amount of job satisfaction was expressed by families earning less than $25,000, and by those living in New York, New Jersey, and Pennsylvania.
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