Tips and Stats: The National Association for Multi-ethnicity In
Communications (NAMIC) announced its
line-up for the 20th Annual NAMIC Conference scheduled for September 10-12 at
New York's Waldorf-Astoria. Kicking off Cable Diversity Week, the 2006
presentation boasts a roster of more than 80 business leaders.
The
Conference
Board Help-Wanted Advertising Index -- a key measure of job offerings in
major newspapers across America -- declined two points in July. The Index now
stands at 32. It was 39 one year ago. The Conference Board, the global business
research and membership organization, examines each month help-wanted ads in 51
newspapers and online. In the last three months, help-wanted advertising
declined in eight of the nine U.S. regions. Steepest declines occurred in the
West North Central (-21.5%), Middle Atlantic (-15.3%) and Mountain (-14.6%)
regions.
Forget about the Economy; Tips on Surviving the Baby-Boomer
Retirement Party Fallout
With the first baby boomers turning 60 this year, federal economists are
predicting a significant slowing of the economy over the next decade.1 Then
there's the burden that millions of retiring boomers places on the generations
that follow. Insurers are warning that "those same aging Baby Boomers will need
retirement benefits, health care and nursing homes in unprecedented numbers as
they age into the high-priced, high-maintenance category."2 It's easy to
understand why economists and insurance providers industry are concerned. But
for Randi Lesnick, president of the Franklin, TN-based Hospitality Consultants
and Nashville‘s "Party Planner to the Stars," there is a far more daunting
question to answer when discussing the boomer retirement fallout: Who's
going to throw all these retirement parties?
Real estate agents are actively using free-classified sites
like Craigslist and Google Base and are planning to steadily reduce their
advertising in newspapers, a new report from
Classified Intelligence
shows. More than half the real estate agents (51 percent) who participated
in a Classified Intelligence survey said they were advertising on free
classified sites. Many said they plan to cut their newspaper advertising because
it is no longer necessary. "Print publications are no help," one Realtor
told CI. "The Web provides more information to the customer and less wasted
phone calls....It's the only way to go. I think in five years, 95 percent of my
advertising will be done on the Internet."
Despite a July rebound worker confidence declined sharply in
August, according to a recent survey of 3,188 employed adults in the U.S. The
Spherion(R) Employee Confidence Index, a
monthly gauge of overall worker confidence, decreased 2.1 points to 55.7 in
August. This is the lowest index point recorded since October 2005 when it was
54.1. A significant drop in workers' confidence in the current health of the
economy and job market fueled the overall decline. The survey, conducted by
Harris Interactive(R) on behalf of Spherion Corporation (NYSE:SFN), shows that
nearly half of workers (47 percent) believe the economy is weakening (an
increase of three percentage points from July) and 42 percent think that fewer
jobs are now available, a four percentage point increase from July.
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You Should Know:
Canada:
2nd Annual Summit on the Mature Workforce
Something unprecedented is happening to our workforce: it's aging rapidly.
Almost one-half of North American workers are over 40 and that means that the
next two decades will see millions of educated, skilled and experienced workers
leaving the workforce, robbing every sector of irreplaceable knowledge and
skills. (The
Mature Market)
Global: Projected Talent Spending Drives New Parent of TMP
Recruitment Ad Agency
The $45 million acquisition of TMP Worldwide's recruitment advertising
operations marks the second such move by purchaser Veronis Suhler Stevenson to
tap the projected growth in corporate spending on workforce expansion. Last
year, the media-focused private equity and mezzanine capital investment firm
made its initial venture into the recruiting sector of the human resources
market by securing a financial stake in PreVisor, a provider of online
pre-employment testing and assessment solutions. (Inside
Recruiting)
India:
Offshoring Is Here To Stay Offshoring of information technology is `not an isolated trend but
part of a bigger shift towards the globalisation of business processes.' Thus
writes Mohan Babu K in Offshoring IT Services, from Tata McGraw-Hill (www.tatamcgrawhill.com)
. For starters, offshoring is "a strategy of relocating business processes,
services, and work to overseas locations, where it makes most business sense, by
capitalising on the global skill pool, advances in communication technologies
and the benefits of cost arbitrage." IT offshoring has seen many trends, from
the pure sourcing model to the global one. (The
Hindu)
US:
Report: Intel May Cut Up to 10 Percent of Workforce Intel Corp. (INTC), the world's biggest microchip maker, may cut up to 10
percent of its work force as early as next Tuesday, a technology news site said
on Thursday, citing sources familiar with the plans. Earlier this month,
the company wrapped up a 3-month review of its operations aimed at saving it $1
billion a year and making it more competitive with rival Advanced Micro Devices
Inc. (AMD). Analysts have said the Santa Clara, California-based firm is
almost certainly preparing to slash its 100,000-strong work force, and the size
and timing of the cuts have been a topic of heated speculation in recent weeks.(Fox)
The Lowdown on the Slowdown
Hiring was tepid in August, bringing average job creation in the private sector
to 102,000 jobs a month since April. That is nowhere near the level of labor
demand that's needed to give employees the clout to bargain for raises.
Accordingly, hourly wages weakened in August, up only one-tenth of a percent,
all of which is most likely to be eaten up by inflation. (In 26 of the last 28
months, annual hourly wage growth has failed to outpace inflation.) (NYT)
The Odd Recovery: Unemployment Is Low and So Is Employment
NEARLY five years after the end of the 2001 recession in the United States, this
recovery can be painted using employment statistics as the worst — or one of the
best — of the aftermaths of the 10 post-World War II recessions. The low
unemployment rate has come about despite a slow rate of job creation. At this
point after the previous nine recessions, there were an average of 11.9 percent
more jobs in the economy than there had been at the end of the recession. (NYT)
Political Candidates Embrace MySpace
"The best recommendation we can get is word of mouth, from one friend or family
member to another," said Isaac Baker, spokesman for Ohio Democrat Ted
Strickland, whose gubernatorial campaign has profiles on MySpace, Facebook and
Friendster. Phil Angelides, California's Democratic candidate for governor, had
nothing to do with creating a MySpace page under his name. His teenage daughter
was the first to point out his presence on the popular online hangout. But
rather than kill a volunteer's unauthorized efforts, the campaign has embraced
the youth-heavy site, using Angelides' personal profile page to post position
papers and other announcements. It also scans the comments section to gauge
what's on youths' minds, turning it into an informal focus group. (CIO
Most U.S. staffing stocks rise after jobs report
Shares of most U.S. staffing companies rose on Friday after a less than expected
moderation in job growth in August, reflecting still steady demand, industry
executives and analysts said. The U.S. Labor Department's report that employers
added 128,000 jobs outside the farm sector in August, compared with the median
economists' forecast for 120,000 new jobs. "Job growth remains positive and
widespread and we continue to see steady demand across the country for talent on
both a permanent and contingent basis," Spherion Chief Executive Roy Krause
said. (Reuters)
Deep Release:
Alarming Trends in
Employee/Job-Seeker Dissatisfaction
Less than
25 percent of employees are working for a company in which they want to work;
and more than 70 percent of job-seekers are dissatisfied with the entire
recruiting/hiring process. Is this fair to HR?
Less than 25 percent of employees are working for a company in which they
want to work. This alarming figure is according the Q2 Staffing Index Survey,
released by Staffing.org today.
In addition, eighty percent of job seekers are dissatisfied or very
dissatisfied with their interview experiences; and more than 70 percent of job
seekers are dissatisfied with the recruiting function as they experience it.
Significant findings of the Staffing.org Q2 Staffing Index Survey include:
Job Boards remain the most reliable source for candidates, and the most-used
resource by job seekers
Hiring Managers' satisfaction with new hires has slipped by 2.5 percent over
Q1
Recruiting Efficiency has decreased by two percent since Q1
More than 70 percent of employees are satisfied with their current job, but
more than 65 percent are dissatisfied with their current management.
Sixty percent of employees are actively considering changing employers
Eighty percent of job seekers are dissatisfied or very dissatisfied with
their interview experiences
More than 70 percent of job seekers are dissatisfied with the recruiting
function as they experience it.
Less than 25 percent of employees are working for an organization they want
to work for
The full report, as well as summaries of both the Employer Survey and the Job
Seeker and Employee Surveys are available upon request.