Job Market Monitor
Michel Cournoyer
Mining – Anglo American to cut about 60,000 jobs by 2017
Global miner Anglo American said on Tuesday it aimed to slim down its workforce and warned of a delay in reaching a key return on capital target due to weaker metal prices, putting its long-term revamp strategy in doubt.The company said by 2017 a programme of divestments and productivity improvements would leave it with around … Continue reading
BP – Thousands of job cuts to come
BP will cut thousands of jobs cut across its global oil and gas business by the end of next year in a $1 billion restructuring programme announced on Wednesday following steep falls in oil prices. The British oil major said it was also considering deeper cuts to its 2015 budget beyond the $1-$2 billion reduction … Continue reading
Skills Gap in UK – Foreign bricklayers on £1,000-a-week
Building companies in London have hired Portuguese bricklayers on £1,000-a-week wages because of a shortage of skilled Britons, a recruitment firm has said. The finding was revealed by Manpower, whose research is said to have confirmed industry fears of a lack of suitably-trained workers. Manpower managing director Mark Cahill said he was told the normal … Continue reading
The Boomerang Employees in restaurants
The boomerang term is gaining in popularity as companies struggle to find talent. Former employees can be a great source of talent. They know the industry, the company, the policies and practices, etc. They know the good, bad and ugly … and still come back. I really liked the statistic in this infographic from the … Continue reading
The Skills Gap in Cyber Security – 300,000 to 1,000,000 current positions are vacant
The information security profession, which evolved largely in reaction to threats, is now paying the price of an entire “missing generation.” Companies are challenged finding pros with the combination of business and technical savvy that is needed to combat growing threats. Compounding this problem, educational institutions are not graduating enough students with the necessary skills … Continue reading
Gender Gap in 2014 – The world has seen only a small improvement in equality for women in the workplace says the World Economic Forum
The Global Gender Gap Report 2014 emphasizes persisting gender gap divides across and within regions. Based on the nine years of data available for the 111 countries that have been part of the report since its inception, the world has seen only a small improvement in equality for women in the workplace. According to the Global … Continue reading
2014 University Ranking by Times Higher Education – Cambridge has replaced Oxford
The University of Cambridge has replaced the University of Oxford at the top of a global ranking that measures how universities perform on graduate employability. The Global Employability University Survey 2014 has 13 UK institutions making the top 150 of the list, with University College London and Imperial College London joining the Oxbridge institutions in … Continue reading
Korea in OECD – Behind major members on employment protection
South Korea lags behind major members of the Organization for Economic Cooperation and Development in job security for regular employees in the private sector, the Paris-based organization said Monday. An OECD report showed that Korea posted 2.17 in the index for employment protection last year, under the average of 2.29 for the global entity’s 34 … Continue reading
US Federal Government – Internet resources for internships, fellowships, and other work experience opportunities
This report describes Internet resources on major internship, fellowship, and work experience programs within the federal government. It is intended as a selective guide for students of all levels: high school, undergraduate, graduate, and postgraduate. The federal government offers many opportunities for internships, fellowships, and work experiences. However, there is no single centralized source for … Continue reading
Automation, jobs, and the future of work – There’s always painful dislocation
The topic of job displacement has, throughout US history, ignited frustration over technological advances and their tendency to make traditional jobs obsolete; artisans protested textile mills in the early 19th century, for example… A conversation Reid Hoffman: If you look at most of the automation, it comes down to man–machine combinations. And all productivity means … Continue reading
Workplace Sexual Harassment in Canada – 60 per cent chance employer won’t take any concrete action or will dismiss survey finds
Most people who experience workplace sexual harassment or non-consensual sexual contact in Canada never report it to their employer, to a large degree out of fear or shame, a new survey suggests. For those who do report it, there is a 60 per cent chance their employer won’t take any concrete action or will dismiss … Continue reading
November Job Report in Canada – Employment was little changed
Following two months of notable gains, employment was little changed in November. The unemployment rate increased 0.1 percentage points to 6.6%. Compared with November 2013, employment increased by 146,000 (+0.8%), with part-time and full-time work up 1.9% and 0.6% respectively. Over the same period, the total number of hours worked was little changed (+0.1%). In the six months to November, employment grew by … Continue reading
November Job Report in US – Total nonfarm payroll employment increased by 321,000, highest since January 2012
Total nonfarm payroll employment increased by 321,000 in November, and the unemployment rate was unchanged at 5.8 percent, the U.S. Bureau of Labor Statistics reported today. Job gains were widespread, led by growth in professional and business services, retail trade, health care, and manufacturing. Household Survey Data In November, the unemployment rate held at 5.8 … Continue reading
Retiring and Health Care in US – Only one in five have taken one or more steps to prepare
The overwhelming majority (86%) of baby boomers express concern about the affordability of health care in retirement, but very few pre-retirees admit they have taken financial steps to prepare for health care costs in retirement, according to a study released today by Ameriprise Financial (NYSE: AMP). The Health, Wealth and RetirementSM study, which surveyed more … Continue reading
4-Year Degrees in US – The vast majority of full-time college students do not graduate on time
In their latest report, Four-Year Myth, Complete College America and its Alliance of States reveal that the vast majority of full-time American college students do not graduate on time, costing them and their families tens of thousands of dollars in extra college-related expenses, as well as lost wages from delaying entry into the workforce. The … Continue reading
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