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Electronic
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News

John Sumser presents the interbiznet Bugler

interbiznet presents The Bugler

October 9, 2006

Job Jacking II
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Reveille and Hyperbole:
VirtualEdge Corporation (VE), a worldwide provider of Talent Lifecycle Software solutions, announced today that its Annual VE Power Summit was an enormous success last week in La Jolla, CA. This year's Summit theme was Achieving Competitive Advantage through Teamwork, where VE customers shared best practices and discussed talent strategies and initiatives that improve business performance and provide competitive advantage. The VE Power Summit provided opportunities to gain new talent management insights that customers can use to power recruiting success. Through a variety of networking opportunities, VirtualEdge customers, partners, HR industry experts and thought leaders were able to network and share their knowledge and experience on a variety of topics, including global recruiting implementations; managing and developing critical talent pools; reviewing VE's next release and product roadmap; and more.

CVTracer, an on-demand recruiting software solutions firm, has published a best practices white paper detailing the critical need for accurate and optimized information-gathering and reporting in the recruiting industry. Formerly, analyzing stacks of data and creating reports were necessary but strenuous chores. By using applicant tracking technology/automated recruiting software solutions, reports can be quickly created without tediously re-entering or manually accumulating and sorting data. Also, having a system, that automatically time- and date-stamps actions, guarantees data integrity and removes another layer of work.

AIRS -- a world leader in talent acquisition, development, and transition solutions -- in partnership with Dr. John Sullivan & Associates a strategic HR advisory service firm based on the thought leadership of author, speaker, educator and advisor Dr. John Sullivan - today announced the launch of the AIRS/DJS Employee Referral Program (ERP) Audit. This new, flat-fee ERP analysis and evaluation service is designed to give corporations of all sizes a quick, affordable, and effective tool to significantly improve their employee referral programs.

Authoria announced the growing momentum of enterprise-scale organizations adopting its market-leading technology for managing all aspects of the talent management lifecycle -- specifically highlighting deployments within Hess Corp.; PepsiAmericas and Charles Schwab & Co., Inc.. More than 30 large enterprises to date rely on solutions from Authoria that integrate three or more strategic talent management functions, such as recruiting, performance management, compensation, succession planning, and benefit/policy communication. They do so to achieve efficiencies in individual functions via automation, and to tightly link these functions to more effectively attract, reward and retain top talent.

Taleo, a leading provider of talent management solutions, and Jobster Inc., a leading innovator in talent networking tools, announced the availability of a fully integrated, advanced sourcing and talent management solution.  By delivering a comprehensive sourcing and talent management solution, Jobster and Taleo are enabling organizations to simplify the difficult process of finding and hiring the right candidates, particularly passive candidates. The Taleo and Jobster solution for advanced sourcing and talent management brings a number of benefits to organizations looking to expand their sourcing, candidate relationship and talent management strategies.

You Should Know:
Global:
Space Miles - Two Million Virgin Atlantic Miles Get You Into Space
Collecting more air miles than you can use? Well, now you can use your air miles to get into space. For two million Virgin Atlantic air miles, you can buy one of the $200,000 tickets on Virgin Galactic's commercial spaceship. (TrendHunter)

Recruit.com Domain Goes to Auction October 27th
The recruit.com domain goes to auction on October 27th at a domain conference I'm attending in Miami (TRAFFIC). And this could be the CHANCE OF A LIFETIME for someone. There are only a couple of domains in the employment market with similar power. Let's say jobs.com, recruiting.com, hire.com, staffing.com, and hr.com all belong in this family of blockbuster employment domains. (Eric Shannon)

LEGO Ice Cube Tray - LEGO Just Got Cooler
LEGO is selling a new ice tray that pops little LEGO brick of ice. This means you can build your own LEGO ice sculpture. The $10 LEGO ice cube tray is made out of silicone, dishwasher safe and capable of making up to 10 ice bricks. (
TrendHunter)

Email Without Computer
Boomers have embraced email as a quick and easy way to stay in touch with friends and family. But getting older aunts and uncles or parents to adopt email is next to impossible. So how do you include them in the loop? Celery.  Celery® is a simple device that allows people to be included in email without having to own or operate a computer. (TrendHunter)

US:
Working for the Long Haul More seniors hanging onto their jobs -- out of fun and necessity
There's an old saying that nobody lies on their deathbed wishing they'd spent more time at the office. That little chestnut might not apply to Mike Demaras, though. "I enjoy it, every minute of it," said Demaras, a 78-year-old senior sales consultant at Enterprise Bank. "I'll do it as long as I'm physically able and the bank wants to keep me on." Demaras has plenty of company, according to a survey released in April by the MetLife Mature Market Institute. Research revealed that 37 percent of 66- to-70-year-olds are either working or looking for work, as are 60 percent of 60- to-65-year-olds and 78 percent of 55- to-59-year-olds. Among the oldest age bracket, 72 percent of employees cited the desire to "stay active and engaged" as a primary reason to work. (Lowell Sun)

Deep Release:
Highlights from the September employment report

The total number of new jobs (+51,000) in September was about half of consensus estimates (although one widely-followed economic report estimated earlier this week only a 78,000-job gain ) but the unemployment rate ticked down 0.1% to 4.6%, adding some credence to a belief that there has been a fundamental shift regarding "normal" job growth (see above). Wages continued on its upward track with average hourly earnings rising in September by 4 cents, which was 0.2%; for the year, average weekly earnings are up 4.0%. The employment-to-population ratio was 63.1% (steady for the month and up slightly for the year) and the labor force participation rate was unchanged at 66.2% for both the month and from a year earlier.

Jobs Report
The 51,000-job overall increase in September was less than half of the average monthly growth of the past six months; obviously September's performance brought the average down.

  • The goods-producing sector lost 11,000 jobs due to a very familiar reason -- a loss of Manufacturing jobs, which was down 19,000 in September.
  • Growth in the Construction sector slowed with only an 8,000-job gain last month (it gained 23,000 in August).
  • Natural resources and mining, which is also part of the goods-producing sector, didn't add any jobs to the pile, but didn't take any away either; it was steady.
  • Activity in the services-providing sector was mixed with 62,000 new jobs.
  • The Retail Trade sector continued to shed jobs for the second consecutive month with 12,000 fewer jobs in September.
  • Professional and Business Services picked up the same number of jobs and was up 12,000 with 9,700 of those in Accounting and Bookkeeping Services.
  • Education and Health Services was able to maintain a healthy profile with 15,000 new jobs; Home Health Care Services, a sub-sector, added 3,100 jobs in September while Hospitals registered 6,500 more jobs.
  • Leisure and Hospitality continue to welcome in more workers -- it was up 10,000 more jobs.
  • Government jobs were down 8,000 with state governments releasing 22,000 jobs, local governments taking in 18,000 new jobs, and the federal government letting 4,000 employees go.
     
  • Temporary Help Services Roundup
    According to the BLS,

  • Temporary Help Services employment lost 11,300 jobs in September to settle at 2,592,200 (seasonally adjusted). For September, temporary help employment was down by 0.4% from the previous month but up 0.7% from September 2005. 
  • Temporary help services employment continued its gradual decline of market share of overall jobs in September to 1.91%. The recent high was 1.96% in December 2005, meaning close to 2% of all jobs were within the temporary help services sector.
  • Household Survey
    (officially known as the Current Population Survey, or CPS)
    The overall unemployment rate continued to improve incrementally by 0.1% to 4.6% in September (was 4.7% in August and 4.8% in July). This was because the size of the labor force only increased 101,000 in September while the number of employed persons grew by 271,000 to 144.8 million and there were 170,000 fewer people unemployed (less than 7 million in September). There were 152,000 more people not in the workforce in September from the previous month for a total of 77.6 million.

Thanks to Bruce Steinberg who does a tremendous job tracking this data.

Deeper Still:
UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT

SEASONALLY ADJUSTED DATA

In the week ending Sept. 30, the advance figure for seasonally adjusted initial claims was 302,000, a decrease of 17,000 from the previous week's revised figure of 319,000. The 4-week moving average was 313,500, a decrease of 2,750 from the previous week's revised average of 316,250.

The advance seasonally adjusted insured unemployment rate was 1.9 percent for the week ending Sept. 23, unchanged from the prior week's unrevised rate of 1.9 percent.

The advance number for seasonally adjusted insured unemployment during the week ending Sept. 23 was 2,448,000, an increase of 15,000 from the preceding week's revised level of 2,433,000. The 4-week moving average was 2,455,750, a decrease of 8,250 from the preceding week's revised average of 2,464,000.

UNADJUSTED DATA

The advance number of actual initial claims under state programs, unadjusted, totaled 247,589 in the week ending Sept. 30, a decrease of 13,737 from the previous week. There were 313,847 initial claims in the comparable week in 2005.

The advance unadjusted insured unemployment rate was 1.6 percent during the week ending Sept. 23, unchanged from the prior week. The advance unadjusted number for persons claiming UI benefits in state programs totaled 2,063,376, an increase of 374 from the preceding week. A year earlier, the rate was 1.9 percent and the volume was 2,393,581.

Extended benefits were not available in any state during the week ending Sept. 16.

Initial claims for UI benefits by former Federal civilian employees totaled 1,324 in the week ending Sept. 23, an increase of 263 from the prior week. There were 1,877 initial claims by newly discharged veterans, a decrease of 79 from the preceding week.

There were 14,376 former Federal civilian employees claiming UI benefits for the week ending Sept. 16, a decrease of 42 from the previous week. Newly discharged veterans claiming benefits totaled 24,805, a decrease of 569 from the prior week.

The highest insured unemployment rates in the week ending Sept. 16 were in Puerto Rico (3.7 percent), Alaska (2.5), Michigan (2.5), New Jersey (2.5), Pennsylvania (2.4), Arkansas (2.2), Connecticut (2.0), Massachusetts (2.0), Oregon (2.0), and Rhode Island (2.0).

The largest increases in initial claims for the week ending Sept. 23 were in Michigan (+15,513), Missouri (+1,177), California (+802), Texas (+790), and Arkansas (+367), while the largest decreases were in Kentucky (-5,149), North Carolina (-3,499), Virginia (-2,502), Georgia (-2,476), and Minnesota (-1,576).

Coming Soon:
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Recruiting Life
Oct 11-15
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2006 SHRM Workplace Diversity Conference
October 16-18, 2006
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Los Angeles, California

9th Annual Talent Acquisition & Staffing Summit
October 16-19 2006
Renaissance Atlanta Downtown Hotel
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Hunt Scanlon Advisors present
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New York city
October 18 - 20, 2006
New York Palace
 
HR.com's Employers of Excellence 2006
October 25 - 27, 2006
Red Rock Resort
Las Vegas, Nevada
Register
HR-XML Consortium's Summit
Oct. 25-26
Barcelona, Spain
$265
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Kennedy Information presents
Recruiting 2006
November 8-9, 2006
New York City, NY
$1,195
Register

 
8th Annual Corporate University Week
Design, Deliver & Evaluate Effective Training
November 13-16, 2006
Disney's Contemporary Resort, Orlando FL.
$2,298
Experienced Alumni Recruitment &
Career Management Conference

November 17-18, 2006
The University of Houston
$215
Register
  Bangalore HR Summit 2006
December 15 & 16, 2006
Leela Palace, Airport Road, Bangalore-1,India
$250
Learn More

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Archived Issues:
    10/09/2006
    10/06/2006
    10/05/2006
    10/04/2006
    10/03/2006
    10/02/2006
    09/29/2006
    09/28/2006
    09/27/2006
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    09/25/2006
    09/22/2006
    09/21/2006
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    09/15/2006
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