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Reveille and Hyperbole
Recruitmax added 18 new enterprise clients in its fiscal third quarter ended October 31 while recording its 32nd consecutive quarter of year-over-year growth.
Online job board CareerBuilder.com and iCIMS, a Hazlet, NJ-based provider human resource software and services, have formed a partnership designed to simplify and expedite the recruitment process. The
alliance enables iRecruiter users that subscribe to CareerBuilder.com to search the CareerBuilder.com resume database directly through the iRecruiter interface.
eQuest, a San Ramon, CA-based e-commerce company that designs, develops, and supports human resource online job postings, has released the second edition of its job board analytical tool which provides statistics and measurements on candidate
sourcing traffic and job board performance.
Deck Chairs
Oak Brook, IL-based executive search firm Witt/Kieffer has hired Paige Westhoff and Robin Mamlet as executive search consultants...Global headhunter
Egon Zehnder International has appointed Brent Magnuson as a consultant in the firm's Dallas office to focus on the consumer and technology sectors....New York City-based search firm Whitney Group has added Melissa Kaye to the
firm's New York office. She will be working closely with members of both the global markets and asset management practice areas....Dallas-based executive search firm Pearson Partners International, Inc. has appointed Sandford C. G. Boyce to its team as research
associate.
You Should Know
Australia
- Just 63 jobs filled to stem brain drain A $4 MILLION bid to attract migrants to South Australia has resulted in 63 jobs being filled from more than 5500 inquiries, internal government documents reveal. (The
Australian)
- How to handle an aging workforce The aging workforce is on many people's minds. CSC recently released a survey of A&D companies in which almost 90 percent of the respondents see an industry facing a shortage of critically skilled workers in the next five years as legacy employees retire. In
response to this need, IBM created a consulting product to help HR departments plan for the next decade when enormous numbers of baby boomers reach retirement age, writes Lance Travis of AMR Research.
Understanding the magnitude of the problem is the necessary first step Despite the eye-catching [US] statistic that 76 million baby boomers are retiring and only 48 million domestic workers are entering the workforce, the issue for most companies will not be finding workers, but capturing and
retaining the relational capital held by the retiring workforce. Relational capital, as defined by former US Secretary of Labor Robert Reich during an IBM workshop on aging, is the accrued knowledge about customers, suppliers, partners, and processes earned by years of experience. (SupplyChain)
- The Accounting Brain Drain Your idea of an entertaining dinner party probably doesn't include too many accountants, but it seems pencil-pushers might be having the last laugh. (Australasian
Investment Review)
China:
- Candidate Presentation: Perception & Reality When you meet a new candidate you have basically two ways of looking at him. Take for example a candidate who has at most 80% of the experience, skills and knowledge that you need for your open position. One possible viewpoint is
to see his potential and commit to helping him achieve that potential. When you do this he becomes a 'Star Candidate' for you and there is a natural symbiosis with your company. He has most of what you need and you can train him up for the skills that he lacks. You win, he wins.
Global:
- Cash in on Your Social Network It's long been said that who you know is the single most important factor in landing a job. Nowadays, it could also land you a check. That's the idea behind a new online recruitment service that uses social networks to track down job candidates.
Founders are betting that cash payments will inspire people to reach out to their friends' friends and colleagues to find promising applicants for hard-to-fill positions. (Wired)
- Intel and J.P. Morgan plan to move work to India Intel, the world's largest chip maker, and J.P. Morgan Chase, a leading global investment bank, will both outsource significant operations to India, an indication that more complex and high-value work is moving to the low-cost location.
Intel, based in Santa Clara, California, will invest more than $1 billion in India in the next five years, of which $800 million will be spent on expanding its research and development center in Bangalore, the company chairman, Craig Barrett, said in a statement released in New Delhi on Monday, during
his visit to the country. (International Herald Tribune)
India:
-
Not enough talent beyond Karnataka cities? In cities and in limited tier-II locations, where the industry has offered well paying jobs to the "employable unemployed," BPOs provide much relief. Karnataka's BPO industry employs between 80,000 to one lakh people, and generates around 20,000
jobs annually, said state secretary for information technology and biotechnology, Shankarlinga Gowda. "The sector has created jobs for people outside the engineering stream," he told FE. (Financial Express)
- Outsourcers develop talent in-house Talent-starved BPO bigwigs are now launching their own training academies They might teach the word a lesson or two about outsourcing, but Indian BPOs are forced to look inwards for training their employees. The talent starved BPO industry has
taken it upon itself to create a large pool of employable professionals for the fast growing BPO sector. Lason India and Scope International, both Chennai-based BPO's have recently started their own BPO training academies. (Financial
Express)
Japan:
- Japan to tighten rules on promoters, bars that hire foreign entertainers The Justice Ministry will toughen qualification screenings of promoters and bar owners hosting foreign singers or dancers entering Japan with entertainer visas, according to ministry officials. The move comes amid
criticism that lax entry screenings of entertainers have allowed for a hotbed of human trafficking. Foreign women who have entered Japan as entertainers have been forced to work for low wages as hostesses in bars or nightclubs or to engage in prostitution. (Japan
Today)
Malaysia:
- Training, retaining talent a challenge for merchant banks MERCHANT banks will face the challenge of training and retaining talent amid increasing competitive pressures, Bank Negara governor Tan Sri Dr Zeti Akhtar Aziz said. She said the investment banking sector, which would see 17
investment banks emerging from the industry's rationalisation, could result in higher staff mobility (The Star)
New Zealand:
- Labour shortage in any language Language barriers between workers of different ethnic groups are expected to make labour shortages for vegetable growers south of Auckland even worse this summer. A new report for the Pukekohe Vegetable Growers Association said cultural and language
barriers between workers has seen some employers deliberately avoid mixing labourers of different races. (nzherald)
Vietnam
- Nation lacks skilled labour for export What is the association's role in labour exports?
One year after its foundation, the association has cooperated with the Overseas Labour Management Department, the Ministry of Labour, Invalids and Social Affairs and the Viet Nam Chamber of Commerce and Industry (VCCI) to organise nine training courses for 760 staff members. The association also received
VND62 million from the World Bank to organise conferences on labour exports in the northern provinces and in the Cuu Long (Mekong) Delta region. The association has investigated and assessed centres' training abilities, and we have also tested infrastructure, education content and teachers' knowledge.
Based on the investigation, we have devised plans to improve the quality of teachers. (Vietnam Economy)
UK:
- So what will we be wrapping our fish and chips in? A week, so the adage runs, is a long time in politics. Nowadays it's a veritable age in the media world. Inventions and innovations, backed up by inspiration, arrive on a daily basis, challenging editorial tradition, derailing business
strategies and sometimes even surprising the digital revolutionaries. (business.telegraph)
- Broadband video guidelines issued: Broadband video advertising now has its own set of guidelines, in a bid to establish a standard for the medium. The new guidelines will enable advertisers and agencies to develop ads in a format accepted by compliant interactive publishers and make the
planning, buying and creating of online media easier and more efficient. Issued by the Interactive Advertising Bureau (IAB), the guidelines sets time limits for the ads, minimum encoded bit rates and the minimum player controls that the ads should include. In-stream ads are limited to a maximum of 30
seconds for ads appearing before or during the content, with publishers allowed to offer custom post-roll lengths. the guidelines also recommend a minimum of 200kbps for encoded bit rates. Interactive controls for the ads have been left flexible, with recommended buttons including Fast Forward/Rewind,
Pause, Zoom. However, the guidelines recommend disabling the fast forward button during play. (ElectricNews.net)
US:
- Newspapers confront hard challenges A decade ago, as Knight Ridder Chairman Tony Ridder hosted an annual meeting with his newspapers' editors, he was asked what concerned him most about the business, what kept him awake at night. "Electronic classifieds," Ridder replied, according
to two people who were present. His response struck some as arcane. But in 2005, that answer carries significantly more meaning, as newspapers see both advertising revenue and younger readers sliding to the Internet. (Star Telegram)
- IT Employment in the U.S. Drops by 0.12% in November According to the National Association of Computer Consultant Businesses (NACCB), which represents IT staffing and solutions firms that supply America's IT talent, the employment of information technology (IT) workers in November was
3,468,400, a decline of 0.12% or 4,200 workers from the previous month. "In November, consistent with the overall employment picture, IT employment was mixed. While there was an overall increase in the number of IT jobs, unemployment rose as well," said Mark Roberts, NACCB CEO. (ITNewsOnline)
- Hispanics' impact on economy unclear The influx of Hispanic workers into South Carolina is largely undocumented in the state's job and income statistics, leaving policy makers with a blurry picture of the state's economic health, according to USC economist Doug Woodward. S.C.'s
unemployment rate — third-highest in the nation in October — would fall if all the state's undocumented workers were counted. But the state's average household income — already well below the U.S. average — also would fall. (The State)
- Paper That Once Championed Resistance to Integration Hires Black Editor From the mid-1950's to the early 1970s, The Richmond Times Dispatch flew the flag of "massive resistance," a neo-Confederate strategy to repel racial integration and perpetuate "the Southern way of life." (BlackAmericanWeb)
- Agencies Expect New Hires, Raises, Good Bonuses Agency executives can expect better compensation packages and an average net gain of three new hires in 2006, according to the Advertising Age Salary Survey, writes AdAge (via MediaBuyerPlanner). Raises look to be in the area of 4 to 6 percent,
with year-end bonuses around 3-7 percent of base pay for non-management and 10-12 percent for management positions. Moreover, agencies are seeking interactive personnel who have experience in both traditional and new media platforms. (Marketing
Vox)
Survey Sez:
Job Ads Resurgence (Australia)
The Olivier Internet Job Index has surged again, rising 2.19% in November, after a jittery October that saw a fall in the number of jobs. Last month there were 183,709 job ads counted on the major job sites, an increase of 1,252 in raw terms. That still
fell short of the record of 185, 714 set in September.
"It's remarkable that the raw number went up in November", said Robert Oliver a Director of the Olivier Group. "That hasn't happened before in the five year history of the Olivier Index Job Index; usually by November we see the Christmas seasonal decline in jobs begin.
"This is quite a bounce back."
Despite the slight increase in the unemployment rate, the ad resurgence may well reflect the continuing skills shortage. "Employers are looking harder for good people," Robert Olivier says. "There's no short term solution to the chronic undersupply".
While the big companies are still recruiting overseas, those searches are yielding less. The market for good professional people is tightening globally. For those job seekers willing to forego Christmas parties and shopping there are plenty of good jobs on offer. The early birds will beat the new year
rush. The easing of oil prices, and a reasonable level of consumer confidence are other factors in the strong employment market.
Canny employers are also aiming at graduates – with job ads targeting university leavers up 11.65% (SA) for the month and 66.5% in the year. Sales Marketing & Retailing ads for graduates are up 113% in the year, Engineering & Mining jobs are up 102% and IT&T jobs for graduates have risen 89%.
There may be fewer graduates coming onto the Australian job market, Robert Olivier explains, as universities focus on the higher fee yielding overseas and post graduate students.
Retail Banking is one sector where significantly good financial results haven't been matched by employment growth. The Banking sector dropped 2.07% in November having grown just 2.01% in 12 months. "Banks are very labour intensive, but they're also always aggressively looking for process improvement, and
savings through increased productivity," says Robert Olivier. There are plenty of jobs in Financial Services, however, with remarkable growth of 13.61% in the month."
Businesses may be expecting a good Christmas season with Sales & Marketing jobs increasing 3.74%, but, surprisingly, Transport jobs fell by 12.17%. Advertising and Media jobs – often a litmus test of consumer confidence – were strong in November growing 11.93%, for a yearly growth of 39.95%. After the boom
of the past few years Building & Construction jobs are now level pegging with the overall economy. They grew 0.50% in the month, and 28.03% in the year, compared to the national average of 26.42%.
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