Job Market Monitor
Michel Cournoyer
The Shifting Skills Gap – A sudden 24% year-over-year decrease in the number of executives who believe it is real
Last year, a whopping 80% of the C-Suite believed the skills gap—a lack of essential work skills and abilities in the workforce—was real. The gap was widest when it came to so-called soft skills like critical thinking and problem solving (41%), closely followed by hard technical skills associated with the job (39%). But this … Continue reading
Zero-Hours Contracts in UK – Around 1.7 million working and another 1.9 million do not provide work
The expression “zero-hours contract” is a colloquial term for a contract of service under which the worker is not guaranteed work and is paid only for work carried out. It generally leads to “a form of working where the worker is not guaranteed any work but has to be available as and when the employer … Continue reading
Deindustrialisation in US – Just 35% know that manufacturing output has risen
Manufacturing jobs in the United States have declined considerably over the past several decades, even as manufacturing output – the value of goods and products manufactured in the U.S. – has grown strongly. But while most Americans are aware of the decline in employment, relatively few know about the increase in output, according to a … Continue reading
Australia – A very positive perception of mature age workers by employers
Attracting and retaining an engaged and productive workforce is key to the success of any organisation and, in turn, is critical to a thriving economy. With an ageing Australian population and skills shortages experienced across many industries, it is more important than ever for organisations to encourage experienced workers to remain in the workforce. Whilst … Continue reading
UK – Full employment is back on the agenda
‘Full employment’, for so long considered an unreachable relic of a bygone age, is back on the agenda. That it is once again part of economic and political debates is testament to the UK’s remarkably strong employment performance in recent years. A record-high employment rate is something few people would have thought possible this soon … Continue reading
Minimum Wage in US – This week marks the eighth anniversary of the last time the federal minimum wage was raised
This week marks the eighth anniversary of the last time the federal minimum wage was raised, from $6.55 to $7.25 on July 24, 2009. Since then, the purchasing power of the federal minimum wage has fallen by 12.5 percent as inflation has slowly eroded its value. However, this decline in the buying power of the … Continue reading
The Future of Work and Automation – The policy implications
The adoption of new technology and new work practices poses particular challenges to both business and policy makers. What are the key priorities they should look to address? Chosen excerpts by Job Market Monitor. Read the whole story at The digital future of work: Policy implications of automation | McKinsey & Company Related Posts The Future of … Continue reading
The Future of Work – What automation will change
Technology experts and economists are engaged in a growing debate about the effect of automation technologies in the workplace. Some “techno-pessimists” are concerned about the mass destruction of jobs, while “techno-optimists” see considerable productivity gains for the economy that will in turn help create new work opportunities. Technology in the past has tended to create … Continue reading
The Future of Work – The skills that will count
For young people today, what’s clear is that they’re going to need to continue to learn throughout their lifetime. The idea that you get an education when you’re young and then you stop and you go and work for 40 or 50 years with that educational training and that’s it—that’s over. All of us are … Continue reading
Investment in training – Implementing a training contract reduced quitting by around 15%
Firms may hesitate to provide training which is general enough that it can be used in other jobs, if employees are likely to leave shortly after being trained. A “training contract,” which penalizes the employee for quitting quickly after being trained, may help solve this problem. Using data from a large US trucking company, we … Continue reading
NEETs in EU – A toolkit for a sustainable activation
This toolkit is intended to assist you in designing and implementing your approach to activate people not in employment, education and training (NEETs). The toolkit provides concrete guidance and tools for PES to assess the NEET challenge and set priorities; draft and implement an Action Plan; and develop new tools, measures and competences from scratch. … Continue reading
Older Workers in EU – Integration strategy with job search training, hiring subsidies and health promotion are the most effective
Although the labour market situation of older workers has significantly improved over time, opportunities to work at older age still vary considerably across EU countries. To trace diverging developments and to assess what works best in retaining employment and bringing older unemployed back to work developments in five countries are analysed: Germany, France, the Netherlands, … Continue reading
CEOs largest firms in US – 271 Times the annual average pay of the typical worker
This report looks at trends in CEO compensation using two measures of compensation. The first measure includes stock options realized (in addition to salary, bonuses, restricted stock grants, and long-term incentive payouts). By this measure, in 2016 CEOs in America’s largest firms made an average of $15.6 million in compensation, or 271 times the annual … Continue reading
Skills development is key to more inclusive trade
Over recent decades, the global economy has experienced a profound transformation, mostly as a result of the joint forces of trade integration and technological progress, accompanied by important political changes. Increased trade integration has helped to drive economic growth in both high- and low-income economies, lifting millions out of poverty in emerging and developing countries. … Continue reading
Employment policy must address the concerns underlying the populist backlash against globalisation OECD writes
While an expanding majority of OECD countries have finally closed the massive jobs gap that opened during the Great Recession of 2008‑09, people in a number of countries are expressing rising dissatisfaction with core economic policies, including the promotion of international trade and investment. The populist backlash against globalisation challenges the policy advice offered by … Continue reading
Jobs – Offres d’emploi – US & Canada (Eng. & Fr.)
The Most Popular Job Search Tools
Even More Objectives Statements to customize
Cover Letters – Tools, Tips and Free Cover Letter Templates for Microsoft Office
Job Market Monitor 