Job Market Monitor
Michel Cournoyer
An Alternative to Tipping
There’s a Kentucky restaurant that has completely abolished tipping, and contrary to what you might expect, it actually looks like it might be great for their servers. Since Packhouse Meats restaurant in Newport, Kentucky opened in January, its had signs posting everywhere making clear that tips are not part of the transaction process. The credit … Continue reading
Teenage employment in Australia – A crisis
Since February 2008, there have been 917 thousand net jobs added to the Australian economy but teenagers have lost a staggering 117.3 thousand over the same period. It is even more stark when you consider that 97.2 thousand full-time teenager jobs have been lost in net terms. Even in the traditionally, concentrated teenage segment – … Continue reading
Job Interview – Narcissists perform best study finds
Job applicants with narcissistic personalities are more successful than equally qualified candidates who act more modestly, according to a new study. The research also found that applicants from countries with cultures that place greater emphasis on humility may find it tougher to land a job. The study, which was conducted at the University of British … Continue reading
Job Interview – The water test
A GREAT résumé, the right answers in the interview and stellar references may not be enough to nab the dream job in a competitive employment market.With so many qualified candidates out there, employers are able to be much pickier. We all know that presenting well in the job interview is important but you may be … Continue reading
US – Hours worked for the three underperforming sectors—manufacturing, construction, and information—remain well below their pre-Great Recession levels
The three charts show hours worked for the largest sectors in the economy, grouped by performance relative to pre-Great Recession levels. These data provide insight into current sources of slack in the labor market. The Great Recession took a severe toll on total hours worked across all of these sectors. Excluding the education and health services … Continue reading
US – The 2009 Recovery Act directly created and saved jobs primarily in government finds St. Louis Fed
Over one-half of the fiscal spending component of the American Recovery and Reinvestment Act ARRA; i.e., the Recovery Act was allocated via grants, loans, and contracts. Businesses, nonprofits, and nonfederal government agencies that received this type of stimulus funding were required to report the number of jobs directly created and saved as a result of … Continue reading
Morrisons (UK) – To cut 2,600 jobs
UK supermarket chain Morrisons plans to cut 2,600 jobs as a result of changes to its management structure. The firm, which has 126,000 staff, will reduce layers of management, it said. Dalton Philips, Morrisons’ chief executive, said the changes would “lead to simpler, smarter ways of working”. The former chairman, Sir Ken Morrison, told the … Continue reading
India – Exports need to jump to create jobs report says
Domestic value added DVA content and the employment intensity of India’s exports has been declining over time. To overcome this, a dramatic increase in the absolute size of exports was essential to match or exceed the spill-over effect of exports as seen in the past, suggested Crisil in a report published ahead of new export … Continue reading
Canada – 6.8 unemployed people for every job vacancy in March
Canadian businesses reported 206,000 job vacancies in March, down 17,000 compared with 12 months earlier. For every job vacancy, there were 6.8 unemployed people, up from 6.3 in March 2013, the result of fewer job vacancies. Unemployment-to-job vacancies ratio increases in Quebec and Saskatchewan In Quebec, there were 10.1 unemployed people for every job vacancy, up from 7.5 in March 2013, as there were fewer job vacancies in the province. Chosen … Continue reading
IMF on Minimum Wage in US – Should be increased
The International Monetary Fund on Monday cut its forecast for U.S. economic growth this year, warned of sluggish growth for years to come, and made a bunch of suggestions for getting Americas economic house in order — including raising the abysmally low federal minimum wage of $7.25 an hour.” [G]iven its current low level compared … Continue reading
Europe – A Skills Passport to facilitate recruitment in hospitality sector
The European Commission has today launched the European Hospitality Skills Passport, a tool developed to facilitate contact between jobseekers and employers in the hospitality and tourism sector in Europe. The Skills Passport allows workers and employers to overcome language barriers and to compare hospitality workers skills in order to facilitate recruitment in the sector. Hosted … Continue reading
World – 75% would change jobs if for more money elsewhere
75% globally agree to the statement: “I would change jobs if I can make more money elsewhere” finds Randstad Workmonitor survey 61% also say that their job is merely a means to make a living and nothing more, according to the latest findings of Chosen excerpts by Job Market Monitor. Read the whole story at Randstad … Continue reading
Middle East – 53% of finance professionals are actively looking for a new job, the highest pourcentage
With extensive job cuts over the last six years and ongoing prudence around pay, financial service employees have every right to feel a little gloomy in the workplace, and yet the majority of people working in the industry are still happy in their roles and the majority are not looking to leave their current job. Only … Continue reading
Avtovaz (Russia largest carmaker) – To cut 13,000 job
Russias largest carmaker, AvtoVAZ, said on Friday it expects to cut 13,000 staff – more than previously indicated – at its Togliatti plant due to falling sales of its flagship Lada. Avtovaz slumped to a loss last year, and recently appointed CEO Bo Andersson is battling to revive business in a touch economic environment amid … Continue reading
Starbucks – Employees to College for Free
Working at Starbucks is now a smarter move. The coffee chain plans to launch a new program on Monday that will pay for its employees to attend online college classes at Arizona State University. ” I believe it will lower attrition, it’ll increase performance, it’ll attract and retain better people I believe it will lower … Continue reading
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