Reveille and Hyperbole  
51job, Inc., a provider of integrated human resource services in China, has reported fourth quarter revenues of $17.9 million, a 20.2 percent increase compared to the prior year. Executive search revenues for the fourth quarter of 2005 were $700,000, relatively unchanged from the same quarter last year.

ME Media will launch on the 1st of March 2006 a new website which aims to help people from the Ethnic Minorities to get better access to job opportunities and the recruitment sector. Some of the top 100 companies and employers in the UK have come on board, having successfully achieved results in their recruitment drive with ME Media's weekly paper 'Works for Me'

Deck Chairs
Legal search firm Major, Lindsey & Africa has added Penny DeFrank, Nancy Rogers, Eric Stoll and Andy Hill to its team....

You Should Know
Brain Drain
Who's who of Google hires
Over the last two years, Google has lured some of the best and brightest minds in technology and science to join the search giant's lava lamp and snack-filled offices. They include an award-winning physician, a pioneer of the Internet, the head of Amazon.com's A9 search unit, the former head of Microsoft's research group in China and an ex-top Windows architect. If there's a master plan in recruiting all this top talent beyond the obvious benefit of having all that intelligence under the same figurative roof, Google isn't saying.  (CNET)

Key facts on global "brain drain" of medical staff
Doctors and nurses from the world's poorest countries are leaving in droves to pursue jobs in richer nations, draining much of the developing world of critical medical care. Here are some key facts on the "brain drain" of health workers. (Reuters)

The Facts on the Reported US "Brain Drain"
Americans constantly worry about falling behind in the technology race, but a new study claims American students are getting involved in record numbers  Newspaper articles and published studies have shown that the United States is falling behind other industrialized countries when it comes to science and engineering programs -- but is that necessarily true?  (Daily Tech)

Caribbean Brain Drain
The Caribbean is losing more from emigration to developed countries than it gains through remittances, as evidence of a brain-drain increases.
A working paper commissioned by the International Monetary Fund (IMF), entitled Emigration and Brain Drain: Evidence From the Caribbean, estimates that the region has lost 10-40 per cent of its workforce due to emigration to the Organisation for Economic Co-operation and Development (OECD) member countries, particularly in the highly skilled category. (Barbados Advocate)

Brain drain or brain gain?
Poles have been leaving their homeland for generations, but in recent years the trickle has turned into a deluge. Employment agencies are targeting underpaid and dissatisfied Polish workers and offering them salaries in the UK or Ireland that they could only dream of at home. As 30,000 Poles a month head for Western Europe's greener pastures, fears are growing that Poland is losing some of its best and brightest. (Warsaw Business Journal) (Registration Required)

Brain Drain A Key Threat To Local Business
Australian businesses are facing a skilled shortage crisis as more Australian are choosing to work overseas than to work in Australia. (photos.com)Australian businesses are well-positioned to capitalise on strong economic conditions but with so many Australians living overseas, "brain drain" remains a key threat to firms. Speaking to the Committee for Economic Development of Australia (CEDA) in Sydney, Reserve Bank of Australia (RBA) economic assistant governor Malcolm Edey said business is currently undergoing a major upswing, having expanded by 18 per cent over the past year. (Epoch Times)

‘Brain drain' nothing, that's money exiting high tax states
In the 1930s hundreds of thousands of Americans packed up their families and moved to California. These migrants were down-and-outers, fleeing lost farms or jobs in our country's heartland, devastated by the Great Depression and years of punishing drought.  Their motivation was not so much the seeking of prosperity as it was survival, and the faint hope that the American Dream could still be found in the lush valleys and under the perpetual sun of California.  That huge migration, chronicled by John Steinbeck, Woody Guthrie, and others, has taken on almost a mythic quality in a nation where only a dwindling number of people still recall first-hand the many hardships that were faced.  Today there is a much different migration going on, one made up, not of down-and-outers, but rather well-heeled retirees, professionals, business owners and executives.  (KearneyHub)

Survey Sez:
Engineering Heads List of Majors With Highest Average Starting Salary Offers
In a job market that is seeing higher starting salary offers to new college graduates, engineering majors can expect to see the highest offers, on average, according to a report by the National Association of Colleges and Employers (NACE). Engineering majors garnered the four highest starting salary offers and five of the top-10 spots.
"Seven of the top-10 majors with the highest starting salary offers saw increases in their offers over last year," says Marilyn Mackes, executive director of NACE, of the organization's Winter 2006 issue of Salary Survey. "Engineering remains strong, and another high point comes for economics/finance graduates, who saw a spectacular 11-percent increase to their average starting salary offers."

The following majors have the highest salaries paid to 2005-06 graduates (average salary offers are in parentheses): 1. Chemical engineering ($55,900)
2. Computer engineering ($54,877)
3. Electrical/electronics and communications engineering, ($52,899)
4. Mechanical engineering ($50,672)
5. Computer science ($50,046)
6. Accounting ($45,723)
7. Economics/finance, including banking ($45,191)
8. Civil engineering ($44,999)
9. Business administration/management ($39,850)
10.Marketing/marketing management, including marketing research ($36,260)

(Note: The top-10 list only includes majors that received 45 or more starting salary offers.)

NACE will continue to track the job market for the college Class of 2006 through additional surveys and reports. In April, NACE expects to release an update on employer hiring intentions and a new salary report.

About Salary Survey: Salary Survey is a quarterly report of starting salary offers to new college graduates in 70 disciplines at the bachelor's degree level. The survey compiles data from college and university career services offices nationwide. Salary Survey is issued in Winter, Spring, Summer, and Fall, with the Fall issue serving as the year-end report. (Salaries reported in this press release reflect offers to bachelor's degree candidates.)

About NACE: Since 1956, the National Association of Colleges and Employers (NACE) has been the leading source of information about the employment of college graduates. NACE maintains a virtual press room for the media at www.naceweb.org/press/

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