Quote of the Day
"The quality of an organization is
only as good as the quality of its relationships."
Sherene McHenry, Ph.D
McHenry International
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The interbiznet Bugler |
Visit our Jobs In Human Resources Management Section.
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January 8, 2009 |
Vanishing Workforce Dilemma
We were very please when another expert on the aging workforce weighed in to add to yesterdays article, Keeping Your Workforce Intact. Arthur Koff, founder and CEO of RetiredBrains.com sent over some statistics and an article for tomorrow.
Background Information (based on information from 2007):
301,621,157 US POPULATION
219,259,405 US POPULATION over 20
82,361,752 US POPULATION under 20
Source: US Census Bureau (read more)
Trends
According to Quarterly Executive Job Market Trends Report for Q4 2008 from TheLadders.com, recent changes in the economy have shuffled the deck for those earning over $100,000 per year. While some traditionally strong sectors have seen declines, others, have remained strong. The healthcare sector continues to show growth in $100k+ job postings over this past quarter, especially within categories such as patient care and medical devices and diagnostics. Certain industrial categories such as engineering services have also shown an increase in new opportunities while aerospace/defense continues to exhibit a strong demand. Regional markets with the most favorable $100k+ climates (ratio of job seekers to job postings) were:
3:1 ' Washington DC, San Francisco
4.1 ' Seattle, San Diego, Houston, Baltimore
5:1 ' Boston
6:1 ' Philadelphia, New York
7:1 ' Los Angeles, Chicago, Austin
When describing the high-end job markets in their cities:
63 percent said they were willing to relocate from their current cities for a new job opportunity; an increase from 55 percent during the same period in 2007
68 percent cited a general lack of stability in their cities' job markets
36 percent said that if they could switch sectors, they'd choose healthcare.
News In Review
Job portal CareerCast.com releases is 2009 Jobs Rated Report, an in-depth look at 200 of the best and worst jobs.
The list includes, for best -- Mathematician, Actuary, Statistician, Biologist, Software Engineer, Computer Systems Analyst, Historian, Sociologist, Industrial Designer, Accountant;
for worst -- Lumberjack, Dairy Farmer, Taxi Driver, Seaman, Emergency Medical Technician, Roofer, Garbage Collector, Welder, Roustabout, Ironworker.
A new article published by the Society for Human Resource Management (SHRM) reports that few organizations have any workable executive integration plan in place. Entitled, "Integrating New Execs Takes More than Name-Plate Change in C-Suit," the article is written by Tim Ruef, an executive with the retained search firm, Michael E. Marion & Associates, and included in the Organizational and Employment Development section of SHRM Online. Data indicates that between 30 and 50 per cent of executive appointments end in resignation and that the cost of these mishires can be as much as 15 times the amount of the executive's base salary when all costs are considered. Posing the question, "Why do such a high percentage of new executives fail to achieve expectations?" Ruef reports that lack of an executive integration plan is a key factor. Differentiating between orientation, and integration, very few organizations have any organized plan to facilitate smooth and successful executive entry.
Book Review
According to a new book released today by Towers Perrin executives it is in the building and sustaining of an "engaging" work environment that consistently inspires people to devote the time, skill and effort necessary to keep their organization delivering bottom-line results. In Closing the Engagement Gap -- How Great Companies Unlock Employee Potential for Superior Results, authors Gebauer and Lowman highlight the "Engaging Eight" -- eight companies that have developed the right combination of leadership focus, management style and culture to drive high engagement. The companies featured include Campbell Soup Company, EMC Corporation, Honeywell International, McKesson Corporation, MGM Grand Hotel and Casino, North Shore-Long Island Jewish Health System, Novartis AG and Recreational Equipment Inc. (REI).
HR Jobs
Be sure to visit our Jobs In Human Resources Management Section.
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