Job Market Monitor
Michel Cournoyer
Minimum wage set for Saudisation programme
Saudi Arabia has set a minimum wage of SAR3,000 (US$800) for employees to be considered Saudi nationals under the Gulf state’s Saudisation programme, the Ministry of Labour said. Saudi nationals earning SAR1,500 will be viewed as “half workers” under the Nitaqat programme while those earning less will not be included in saudisation quotas from February … Continue reading
Barclays, Deutsche Bank / To cut pay up to 20 percent
Barclays (BARC.L) and Deutsche Bank (DBKGn.DE) will take a knife to bonuses for investment bankers in the coming weeks as they seek to tackle high costs, people familiar with the matter said. Britain’s Barclays is finalizing bonuses for last year and overall 2012 compensation for investment bankers will fall by between 10 percent and 20 … Continue reading
Indonesia / Pressure on Nike suppliers for paying minimum wages
The battle over factory pay in Indonesia is intensifying, with vocal local trade unions joining hands with a US non-governmental organisation to pressure Nike suppliers into paying minimum wages. A yawning gap is opening up between employers, who argue that hefty minimum wage increases are destroying their profitability, and trade unions, who argue that wages … Continue reading
Employers give the best jobs to students who have already worked for them
Record number of jobs going to students with experience with employer Research of 100 top employers also identified universities where bosses seek talent Students with no work experience warned they stand little chance of landing job at a leading firm Record numbers of graduate jobs are going to students who have already worked for the … Continue reading
Philippine / Do grads want the jobs ?
The National Statistical Coordination Board (NSCB) says there’s plenty of jobs available for new college graduates. The only problem is, do they want the jobs – or vice versa? Citing a 2006-2011 labor force survey (LFS) by the National Statistics Office, NSCB Secretary-General Jose Ramon G. notes that 18 percent of the country’s unemployed are … Continue reading
Sweden / SKF to cut 2,500 jobs
SKF (SKFb.ST), the world’s biggest bearings maker, is cutting 2,500 jobs to cope with weaker demand, underscoring the bleak outlook for manufacturers as Europe drives through austerity measures to reduce its debts. The Swedish firm, whose bearings are used in a range of products from washing machines to aircraft, is seen as an early indicator … Continue reading
Austria / New No-Discrimination Laws On Leased employees
Austria’s hiring-out of labour laws have been amended (BGBl 98/2012). According to the directive, the implementation into national law should already have taken place by 5 December 2011. After a first failed attempt in February 2012 to implement the directive effective 1 July 2012, the implementation has now taken place belatedly, effective 1 January 2013. … Continue reading
N.Y. Times: Layoffs Would Include High-levels
The New York Times may be forced to lay off a number of editorial staff, including high-level editors, according to staff sources. The speculation around the newsroom, first reported by New York Magazine’s Joe Hagan and confirmed by POLITICO, is that managing editor John Geddes, assistant managing editor Jim Roberts, dining editor Susan Edgerley, former Washington editor Rick … Continue reading
The Six Stages Of Graduates Unemployment
Young graduates, I feel your pain. I know how much unemployment hurts and I am here to break it down for you. This way, we can all start a support group for a generation that believed they could do whatever they wanted, and is now sitting at home staring at the telly, wondering if they … Continue reading
US / Middle-Class Employment Problems: Central challenge of Obama’s second term
On election night in Chicago two months ago, President Barack Obama triumphantly pledged to fight for a middle class he’d appealed to relentlessly — and successfully — on the 2012 campaign trail. “I believe we can build on the progress we’ve made and continue to fight for new jobs and new opportunity and new security … Continue reading
US / Nursing: Where’s the shortage?
I graduated from San Jose State University in May and got my registered nurse license in July. I have applied for jobs all over California and also other states such as Texas, Nevada, Oklahoma, and Virginia. I also applied with travel agencies but had no luck. I am currently working as a caregiver for a … Continue reading
Solihull, UK / Jaguar Land Rover to create 800 jobs
Britain’s car-making industry, stung by the loss of 800 jobs in Swindon last week, is to receive a boost from Jaguar Land Rover, which is to create jobs in Solihull. The announcement of the decision to put £370m of investment and 800 additional roles into the West Midlands plant was timed to coincide with the … Continue reading
Inclusive labor-market institutions: the most effective general remedy for low-wage jobs
“Over the last two decades, high – and, in some countries, rising – rates of low-wage work have emerged as a major political concern” writes John Schmitt in Low-wage Lessons (Choosen excerpts by Job Market Monitor to follow) According to the Organization for Economic Cooperation and Development (OECD), in 2009, about one-fourth of U.S. workers were in low-wage … Continue reading
Low literacy skills disproportionally hurt women
Appropriate literacy levels are crucial for both men and women seeking education and employment opportunities, but low literacy skills disproportionally hurt women’s chances of earning a sustaining wage. IWPR analysis of National Assessment of Adult Literacy (NAAL) data reveals that men earn more than women regardless of literacy level. Women with low literacy skills report … Continue reading
Bachelor’s Degree in US
Bachelor’s Degree Attainment Tops 30 Percent for the First Time In March 2011, for the first time ever, more than 30 percent of U.S. adults 25 and older had at least a bachelor’s degree, the U.S. Census Bureau reports. Those With Bachelor’s Degrees Weathered Recession Better People with a bachelor’s degree had lower rates of … Continue reading
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