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The interbiznet Bugler
interbiznet presents The Bugler
September 2, 2008


Applicant Attraction and Selection
In the real estate world, professionals always look for seven good years to be followed by seven bad years as the economy cycles. As the economy cycles, there are employment cycles as well. When the economy is booming, employers traditionally find it far more difficult to maintain an ongoing supply of qualified job candidates. On the downside of the economic cycle, there tends to be an abundance of job applicants making it more difficult to select the best candidate for a specific job. (Read more.)

Reveille and Hyperbole
The Conference Board Consumer Confidence Index, which had improved moderately in July, made further gains in August. The Index now stands at 56.9, up from 51.9 in July. The Present Situation Index decreased to 63.2 from 65.8 last month. The Expectations Index, however, increased to 52.8 from 42.7 in July.

The New York Times Co. reports that July advertising revenue at its newspapers fell 18 percent, to $119.9 million, as even online ad growth slowed to less than 1 percent year-over-year. At the company's New England Media Group, which includes the Boston Globe and Worcester Telegram & Gazette, ad revenue plunged 24.5 percent.

Zapoint, a provider of talent management solutions, has closed its first round of funding. The Series A round was led by Florida-based investment group HFF Investments and includes backing from international private equity investors. Zapoint will use the new financing to accelerate product development and further fund the expansion of its talent platform.

Computer World has a Q & A with The Ladders founder, Marc Cenedella.

Waltham's Salary.com Inc. said it spent about $5 million to buy InfoBasis Ltd., a UK-based learning and development software company.

Online job board and careers tool site for life-science professionals, Bio Career Center has dropped its fee to $50 per academic post-doc listing.

FutureResume.com adds GreenJobInterview to its arsenal of video-based capabilities, which requires only a webcam, available to job seekers and hiring companies. GreenJobInterview will supply the webcam to client companies and its potential candidates if needed.

LINE
The soft labor market of August 2008 is expected to continue into September with hiring expectations for manufacturing and service sector jobs predicted at their lowest September levels in four years, according to the latest Leading Indicators of National Employment (LINE) Report. LINE identifies early trends and changes in the national job market. It is a joint effort by the Society for Human Resource Management and the Rutgers University School of Management and Labor Relations, and is released more than a month ahead of the Bureau of Labor Statistics' (BLS) Employment Situation Report for the same period.

The report looks at four areas-employers' hiring expectations in the manufacturing and service sectors; the degree that compensation levels for new hires fluctuates for that month; the job vacancy index, and difficulty in recruiting A-level talent to fill strategically important vacancies.

Data for the report are collected through a monthly survey of HR executives at more than 500 manufacturing and 500 service sector organizations. LINE has been measuring the manufacturing trends since 2004 and the service sector trends since 2005.

Overall, the September employment expectations report shows a continuation of the trend toward a generally softer labor market, according to Jennifer Schramm, SHRM manager of workplace trends and forecasting.

When it comes to recruiting for A-level talent, "HR has got to look at it a little bit more long-term, and what we've seen long-term is that LINE has accurately reflected the weakening economy over the last six months," Director said.

Both the service and manufacturing sectors need to take a longer view of their staffing needs. "Even though manufacturing in the U.S. has been declining since 1979 … a lot of manufacturers still have difficulty finding the key people for those strategic roles," he observed.

Despite that, he added, there is an "increasing difficulty in recruiting people for key positions" in the service sector. This means it's "probably a good time for HR managers to be opportunistic and cream the market for the best talent" to go beyond filling positions in the immediate future.

To do that, manufacturing has to address how it can attract top talent in what is perceived as a declining sector.

Employment Expectations
In a repeat of the August LINE Report, the September LINE Report shows substantial drops in employment expectations in the manufacturing and service sectors. In fact, the expectation is that hiring in both sectors will be at the lowest September levels in four years.

New-Hire Compensation
This index measures whether compensation for new hires is going up or down. For the manufacturing sector, compensation for new hires fell slightly from 9.5 in August 2007 to 8.5 in August 2008, but it rose in the service sector from 10.2 in August 2007 to 14.2 in August 2008.

Job Vacancies
The change in the number of vacancies in exempt and nonexempt employment sectors that employers are actively trying to fill is an early indicator of the supply and demand of labor.

Job vacancies for exempt and nonexempt positions for both sectors are down substantially for August 2008 from a year ago.

Recruiting
The recruiting difficulty index measures how difficult it is for employers to recruit A-level candidates to fill positions that are of greatest strategic value to the employers. The difficulty in recruiting A-level candidates fell for both sectors in August 2008 compared to August 2007, with manufacturing experiencing a "substantial" drop in recruiting difficulty.

News Contact
Send your Company News to Polly Tasker for inclusion in The Bugler.



TopUSAJobs.com: Guide to Top Specialty Boards
Where Top Candidates Seek Career Opportunities
Accounting / Finance JobsintheMoney.com
Call Center CallCenterJobs.com
Construction ConstructionJobs.com
Consumer Packaged Goods CPGjoblist.com
Drivers / Trucking JobsInTrucks.com
Enviro/Occup. Health & Safety EHSCareers.com
Executive RiteSite.com
Executive NETSHARE.com
Financial Services BrokerHunter.com
Health / Medical HealthJobsUSA.com
Hispanic / Bilingual Hispanic Jobs
Logistics JobsInLogistics.com
Manufacturing JobsInManufacturing.com
Retail AllRetailJobs.com
Security Clearance IntelligenceCareers.com
Tax Specialists TaxTalent.com
Telecom / Wireless TelecomCareers.net
For more Specialty Boards, visit:
The
Employer's Corner on TopUSAJobs.com
marketing@TopUSAJobs.com



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