Job Market Monitor
Michel Cournoyer
Banks need another 40,000 job cuts says Roland Berger Strategy
Roland Berger Strategy, one of the world’s leading consulting firms, said the global investment banking sector would need another 40,000 job cuts to restore sustainable economics. The sector has already stepped up restructuring programmes, reduced headcount by about 15,000 since mid-2011 and has announced another 25,000 job cuts. According to a report issued by the … Continue reading
Canada / Employers to cherry-pick potential immigrants from a pool
Ottawa has reached a consensus with the provinces to establish a pool of skilled-worker candidates by the end of 2014 that will allow employers to cherry-pick potential immigrants to fill regional labour shortages. Immigration Minister Jason Kenney announced Friday he is committed to working with his provincial counterparts to implement the Expression of Interest (EOI) … Continue reading
The City / Only 10% of bankers and hedge fund workers believed London will create the most new banking jobs over the next 12 months
Confidence in the City of London jobs market continues to weaken as UK bankers increasingly pick Hong Kong, Shanghai and Singapore as the generators of new jobs, according to a report. A study by recruitment firm Astbury Marsden found that only 10% of bankers and hedge fund workers believed London will create the most new … Continue reading
Stryker Corp. / 1,000 layoffs by end of 2012
Stryker Corp.’s planned layoffs of 5 percent of its global workforce are on track to be completed by the end of 2012. Over the weekend, news reports put the total number of layoffs at 1,170, but Tamara Cutler, vice president of public affairs, said in an email that figure was inaccurate. “The estimated 5 percent … Continue reading
Greece – Rumors that the country’s troika of foreign lenders had called for an additional 22,000 layoffs
Government sources on Monday refuted reports that the country’s troika of foreign lenders had called for an additional 22,000 layoffs in the public sector next year even as municipal employees continued sitins at hundreds of city halls and municipal services across the country to protest their inclusion in a fast-track scheme to redundancy. The demand … Continue reading
35% of workers are highly engaged, 26% disengaged and 17% detached
Globally, just over a third (35%) of the more than 32,000 full-time workers participating in our study are highly engaged writes HR consultants Towers Watson in Global Workforce Study Engagement at Risk: Driving Strong Performance in a Volatile Global Environment. (Adapted chosen excerpts by JMM to follow) On one level, this isn’t surprising. Five years of economic turmoil, nearly … Continue reading
(UPDATE) Facebook Jobs Tool / Not A LinkedIn Killer writes Forbes, A Lame New App writes Business Insider
Facebook Social Jobs App – Not A LinkedIn Killer – Forbes Well if you try the app (click here to try it out), you find it to be a fairly poorly implemented search system which doesn’t even come close to the services offered by LinkedIn or Indeed.com (Indeed is one of the most successful job … Continue reading
Must-Have Job Skills according to WSJ
Even as employers remain cautious next year about every dollar spent on employees, they’ll also want workers to show greater skills and results. For employees who want to get ahead, basic competency won’t be enough. To win a promotion or land a job next year, experts say there are four must-have job skills: 1. Clear … Continue reading
China / Over 70 per cent overseas students return home
A vast majority of Chinese studying abroad are returning back offering stiff competition for jobs to the students, who studied in local universities. Nearly 72 per cent of overseas Chinese students have returned to China after finishing education abroad since the late 1970s, a government-backed agency said in a report. From 1978 to 2011, about … Continue reading
US / A total of 598,500 jobs created or supported by Apple (Apple’s estimates)
Based on a study by Analysis Group in February 2012, Apple has directly or indirectly created 307,250 U.S. jobs.* These jobs — spread across all 50 states — include thousands of jobs in numerous industries, from the people who create components for our products to the people who build the planes and trucks that carry … Continue reading
(UPDATE) UK – Comet – 6,000 layoffs ?
Comet cuts further 735 jobs The insolvent electrical chain Comet is cutting hundreds more jobs, its administrators have said. Deloitte said there would be a further 735 redundancies at its head office, central functions and across its home delivery network. This is in addition to 330 redundancies already announced. The business had employed 6,611 people. … Continue reading
US / Job Gap / State-by-State
Each month, The Hamilton Project examines the “jobs gap,” which is the number of jobs that the U.S. economy needs to create in order to return to pre-recession employment levels while absorbing the people who enter the labor force each month. As of September, our nation faces a gap of 11.1 million jobs, but the … Continue reading
Bullied At Work
Most workers, even those who love their jobs, would probably say their job has caused them stress at some point writes Debra Auerbach in Workplace bullying on the rise, according to new study (Adapted choosen excerpts by JMM to follow) Throw in job insecurity, an increased workload and intensified pressure to perform, and stress levels can hit … Continue reading
Online Resources for Boomer Job Seekers
Here are some online resources for retirees looking for part-time or full-time work, many of which target anyone 50 or over: — RetirementJobs.com (http://www.retirementjobs.com) has more than 30,000 listings nationwide from companies specifically seeking candidates older than 50. A combination job board, adviser and coach for boomers and seniors looking for work. RetirementJobs also partners … Continue reading
NC / GOP Debt Plan / Unemployment benefits could be cut
A road map to rid North Carolina of its $2.4 billion debt to the federal government for jobless benefits and to place the state’s unemployment insurance system on sturdier financial footing is getting sketched out by legislators and business leaders. It could be rocky both for employers who pay for the benefits and displaced employees … Continue reading
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