Job Market Monitor
Michel Cournoyer
The Fast Food Pay Gap: $8.25 vs $8.75 Million
The pay gap separating fast-food workers from their chief executive officers is growing at McDonald’s Corp., Burger King Worldwide Inc. and Yum (YUM)! Brands Inc., which owns the Pizza Hut, Taco Bell and KFC brands. The disparity has doubled at McDonald’s Corp. in the last 10 years, according to data compiled by Bloomberg. At the same time, the company … Continue reading
UK / Unemployment rate down 0.2 at 7.8 per cent and the biggest quarterly fall in unemployment since 2001
For August to October 2012: The employment rate for those aged from 16 to 64 was 71.2 per cent, up 0.1 on May to July 2012 and up 0.9 on a year earlier. There were 29.60 million people in employment aged 16 and over, up 40,000 on May to July 2012 and up 499,000 on … Continue reading
Belarus / Presidential decree imposing forced labour to workers quitting their jobs
President Alyaksandr Lukashenka of Belarus, dubbed Europe’s last dictator, has issued a presidential decree that proposes forbidding workers from quitting their jobs and threatens those that leave with compulsory labour. Alexander Lukashenko has ruled the European nation and former Soviet republic of Belarus with an iron fist since 1994. Ranked at 141 in last year’s … Continue reading
Skills gap prevents organizations filling STEM positions with diverse candidates
Monster.com® asked Harris Interactive® to conduct research that examines the importance of diversity recruiting in the Science, Technology, Engineering, Mathematical (STEM) professions. “STEM positions are among the fastest growing occupations. Unfortunately, current skills gaps prevent organizations filling STEM positions with diverse candidates” It is widely acknowledged that STEM professions pose a recruiting challenge for many … Continue reading
Canada / New immigration stream for 3,000 skilled immigrants to fill ‘serious’ labour shortages
Canada will open its doors to 3,000 skilled tradespeople starting next year under a new immigration stream set to launch Jan. 2, 2013, Immigration Minister Jason Kenney announced Monday. “The new skilled trades stream will help address serious labour shortages in some regions of the country, and support economic growth,” he said. “For too long, … Continue reading
UK 2011 Census / Key Statistics
The resident population of England and Wales on 27 March 2011 was 56.1 million, a seven per cent (3.7 million) increase since 2001 with 55 per cent (2.1 million) of this increase being due to migration. One in six people were aged 65 or over (16 per cent, 9.2 million). Most residents of England and … Continue reading
Startup / Research universities, venture capital firm offices, or government funds are not drivers
How does a newly formed nonprofit organization tasked with helping entrepreneurs across America effectively serve startups that are in different places, in different industries and with wildly different needs? Region by region. This is the central lesson found in “The Start Uprising,” a white paper released today by the Ewing Marion Kauffman Foundation that examines … Continue reading
10 startup hiring challenges
What is one common issue that you have faced with startup hires and how have you rectified the situation? Ten entrepreneurs weigh in: 1. Can’t adapt to startup style 2. How much are you really worth? 3. Alignment adjustment necessary 4. Can you think for yourself? 5. Uncommitted candidates 6. Adopting the startup structure 7. … Continue reading
Kennedy Space Center / 119 workers laid off, another 129 to come
United Space Alliance said goodbye over the weekend to 119 more Kennedy Space Center employees in its latest round of layoffs. NASA’s lead shuttle contractor, a joint venture between the Boeing Co. and Lockheed Martin Corp., is continuing a multi-year downsizing as the shutdown of the nation’s space-shuttle program nears completion. The latest cuts reduced … Continue reading
Gender Wage Gap Grows At Elite B-Schools finds Bloomberg
Exclusive new research from Bloomberg Businessweek has found that the pay gap among graduates of elite business schools, virtually non-existent a decade ago, is widening. Women now earn a nickel less than they used to in their first post-MBA jobs for every dollar earned by men. And those are the lucky ones. At about a … Continue reading
Social Media and Jobs
There’s not a lot of definitive data on the effectiveness of social networks, but what’s there suggests that social media hasn’t been quite the silver bullet solution that many were expecting. One survey found that 71% of respondents had not made a single hire from Twitter and 64% had not made any hires from Facebook. … Continue reading
Fiscal Cliff / Focusing attention on partisan maneuvers
Washington has a way of focusing the nation’s attention on tactical games over partisan maneuvers that are symptoms of a few really big problems. But we almost never get to debate or even discuss the big problems because the tactical games overwhelm everything else. The debate over the fiscal cliff, for example, is really about … Continue reading
Health Information / WebMD to cut around 250
Health information website WebMD Health Corp said it will cut around 250 jobs, or 14 percent of its workforce, to reduce costs. The company, which had about 1700 employees according to Thomson Reuters data, said it would take a charge of about $6 million to $8 million in the fourth quarter, primarily on severance and … Continue reading
US / The world’s largest trade deficit kills jobs
Agonizing over U.S. job losses often overlooks a primary cause of the problem: America’s severe trade deficit. Since the 1970s, U.S. imports have exceeded exports every year. “This deficit, now the world’s largest, kills jobs. It urgently needs to be fixed,” write Donald L. Barlett and James B. Steele in their new book, The Betrayal … Continue reading
Manchester Airport City investment / 11,400 Jobs for locals promised
Plans for a £650m project to transform the area around Manchester Airport have been submitted – and bosses have revealed they will train local people to take up some of the 11,400 jobs. Chiefs hope to attract global businesses to the Airport City development, which will also house offices, hotels, retail outlets and leisure facilities. … Continue reading
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