Reveille & Hyperbole
Employer costs for employee compensation: March 2008. Employer costs for employee compensation averaged $28.46 per hour worked in March 2008, the U.S. Department of Labor's Bureau of Labor Statistics reported. Wages and salaries, which averaged $19.83, accounted for 69.7 percent of these costs, while benefits, which averaged $8.63, accounted for the remaining 30.3 percent. Costs for legally required benefits, including Social Security, Medicare, unemployment insurance, and workers' compensation, averaged $2.24 per hour (7.9 percent of total compensation). Employer costs for life, health, and disability insurance benefits averaged $2.40 (8.4 percent); paid leave benefits (vacations, holidays, sick leave, and other leave) averaged $2.00 (7.0 percent); and retirement and savings benefits averaged $1.26 (4.4 percent) per hour worked.
Affinity Circles, provider of exclusive social networks for academic and professional organizations, formally launched inCircle Recruiting, a candidate sourcing tool that allows employers to target and engage qualified, passive candidates through the exclusive social networks they trust, and build a
pipeline of qualified, interested candidates for future openings.
CareerBuilder India, CareerBuilder.com's new online recruitment and career advancement source for employers, recruiters, and job seekers in India. It offers employers access to a wide variety of active and passive job seekers, customized tools to effectively promote employment opportunities and CareerBuilder's best-in-class search and optimization technology to find and attract high quality candidates. Indian employers can leverage the site to look for their ideal candidate profiles and promote their employment brands.
A new site in public beta, Glassdoor.com is a career and workplace community where anyone can go to find and anonymously share real-time reviews, ratings and salary details about specific jobs in specific companies -- all for free.
TalentQuest, a human capital management firm that blends the art of consulting with the science of technology, introduced a new service designed to help organizations maximize their return on investments made in talent management software. Under the new offering, Talent Management Alignment, the firm evaluates existing business processes, determines what investments are appropriate and necessary, plans and budgets the implementation process, and ensures that the initiative is owned and supported by the entire organization.
Hank Stringer, CEO of Stringer Executive Search, announced the expansion of its services to include Talent Officer searches. According to Stringer, talent is the most important asset for business today. The need for an all-around executive talent leader, who can strategically and successfully attract, retain, and nurture a company's talent community is becoming increasingly more common, and critical to success.
Online merchandiser Zappos.com is offering a $1500 quitting bonus to new employees in the Las Vegas office, who have discovered they are not a good fit with the company. Rather than an employee stay and be miserable and possibly be reflected in poor customer service, the company wants them to help them to leave.
InDepth
In an unprecedented collaboration with its audience, BusinessWeek announced that it will publish a special August double-issue focused on workplace challenges. This initiative, called Business@Work, is designed to more deeply engage BusinessWeek's audience, bringing together the wisdom of readers and editors in an interactive, collaborative exchange.
This issue is the first of its kind for BusinessWeek, where readers will not only identify the topics covered, but will also submit case studies, personal vignettes, and videos about the challenges they face at work. BusinessWeek.com users have already selected the workplace issues they find most pressing. After 8,500 votes, the six topics are: work-life
balance, staying entrepreneurial, toxic bosses, time-management, negotiating bureaucracy, and generational tension.
In the next phase, readers can upload essays, videos, photos, and comments via BusinessWeek.com, or through "Business@Work" pages on Facebook, YouTube, and Flickr. Utilizing a new tool, LinkedIn users will also be able to participate in a poll on workplace issues and leave comments and essays. BusinessWeek writers and editors, working with experts and global gurus, will build upon these contributions to create the special double-issue. In addition, BusinessWeek.com will feature articles and videos, and BusinessWeek TV will air segments on workplace issues.
BusinessWeek Editor-in-Chief Stephen J. Adler said "Business@Work takes the multi-platform model one step further by building an issue from ideas and content generated with our audience. We like to think of this as a joint project with readers, working shoulder-to-shoulder and sharing ideas to produce smart, useful journalism on a topic to which everyone can relate."
Readers can visit the Web site join in the dialogue, contribute their ideas, and access the features on Facebook, YouTube, and Flickr. The special August double-issue, "Business@Work," will hit newsstands on August 15th.
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