Job Market Monitor
Michel Cournoyer
India – Infosys sticks to its target of hiring: 35,000 jobs
Software services major Infosys on Thursday said it will stick to its target of hiring 35,000 people this fiscal but is not looking at wage hikes for now. The hiring plan, which includes 13,000 jobs for its BPO operations, will be adhered to despite an uncertain global economic growth environment and the wage-hike freeze. “We … Continue reading
Hiring Trends – Only 6% prefer a one-page executive résumé but page length not an issue
Career Directors International (CDI) had become weary of rumors and folklore when it came to hiring trends. This was especially true as it related to the many ways that résumés ‘could be’ and ‘should be’ written. For example, something said to one job seeker by a recruiter, suddenly becomes a fact quoted by all! These ‘facts’ take on a life of their own … Continue reading
Unemployment drives Americans North
Richard Madan looks into the reason why more Americans are moving to Canada. Hint: It’s not our social programs or health care. Watch video via Recession, unemployment drive Americans north | CTVNews.
UK – Two-thirds of employers rate the cost-effectiveness of their recruitment and selection practices as good or very good
UK employers have mixed views as to the effectiveness of the recruitment processes used by their organisations, XpertHR benchmarking research on key recruitment metrics in 2012 (XpertHR Benchmarking subscription required) finds: Two-thirds of UK employers rate the cost-effectiveness of their recruitment and selection practices as good or very good. In total, 96% say their levels … Continue reading
Australia – Employment decreased 27,000 (SA) and unemployment rate increased to 5.2%
SEASONALLY ADJUSTED ESTIMATES (MONTHLY CHANGE) Employment decreased 27,000 (0.2%) to 11,500,500. Full-time employment decreased 33,500 to 8,065,500 and part-time employment increased 6,600 to 3,435,000. Unemployment increased 7,200 (1.1%) to 631,300. The number of persons looking for full-time work increased 7,800 to 438,300 and the number of persons looking for part-time work decreased to 193,000. The … Continue reading
Actelion Plans – 135 Jobs cut
Actelion Ltd. (ATLN) plans to cut 135 jobs and refocus research on rare diseases and specialty pharmaceuticals as sales decline for the company’s best-selling product, the Tracleer blood-pressure drug. The cost savings will reduce research spending, and some projects will be stopped, the Allschwil, Switzerland-based company said in a statement today. Actelion will take a … Continue reading
Peugeot Citroen – 8,000 jobs cut
French carmaker Peugeot Citroen has set out plans to cut 8,000 jobs and close an assembly plant outside Paris as losses mount. Peugeot said the Aulnay plant near Paris, which employs 3,000 workers, would stop production in 2014. Last week, Peugeot said its first-half sales had fallen 13% amid a “profound crisis” in its eurozone … Continue reading
Engineer – A ‘job for life’ is no longer relevant for today
Employers need to offer more than long-term job security if they are to attract today’s pleasure-seeking skilled workers. Bosses are being warned that the concept of ‘a job for life’ is no longer relevant to the modern workforce and businesses wanting to attract the best talent should invest in creating a fun and socially-active workplace. … Continue reading
Lockheed Martin – 740 jobs cut
Defense contractor Lockheed Martin Corp, builder of the iconic, but as yet ‘unproved’, F-35 stealth fighter, said that it has slashed its workforce by 740 as part of efforts to save costs amid challenging budget environment. The company, in a statement yesterday, said job cuts will take place in its Mission Systems & Sensors (MS2) … Continue reading
Australia – 900 court, prison jobs to go Opposition Leader John Robertson says
Opposition Leader John Robertson says confidential NSW Treasury documents show an estimated 881 jobs will be cut from prisons and courts. Opposition Leader John Robertson said confidential NSW Treasury documents showed an estimated 881 jobs would be cut from the sector over the next four years. ‘These job cuts will impact on security, they will … Continue reading
Bank of America – A New Round of Layoffs
Bank of America Corp (BAC: 7.64, +0.16, +2.12%) has been cutting jobs in its commercial banking unit in recent weeks even as it tries to boost the group’s business, people familiar with the situation said, reflecting the bank’s broader struggles to grow in a tepid economy. The job cuts are the latest round in the … Continue reading
EMI Music Publishing – Layoffs Begin
Chief executive Roger Faxon is one of 30 to 40 staffers to lose their jobs as a Sony/ATV-led consortium integrates the two companies. As expected, layoffs have begun at EMI Music Publishing, in the wake of the completion of the company’s acquisition by a Sony Corp. of America-led consortium on June 29. At that close … Continue reading
Capital Health – 175 Layoffs at Hopewell and Trenton hospitals | NJ.com
Capital Health officials confirmed today that approximately 175 employees at its Trenton and Hopewell hospitals will be laid off. The workers, including those in finance, management and technical areas like radiology, began receiving layoff notices yesterday. Doctors, nurses and other employees directly involved with patient care will be largely spared, but some supervisory nurses may … Continue reading
Liberia – Economic Gains Not Reaching Poors
Despite Liberia’s significant gains over the last decade, the benefits of the growth have not reached the country’s poorest and most vulnerable citizens, says World Bank Country Manager, Madam Inguna Dobraja. Even with robust economic growth, Liberia cannot fully address the needs of vulnerable people without a clear, comprehensive social protection intervention, she said. The … Continue reading
China’s job market – Cracks are appearing
China’s job market has started to show signs of stress, putting pressure on the government to intensify fiscal spending to prevent the economy from weakening further. Like politicians the world over, Chinese leaders’ biggest single economic worry is whether unemployment is under control, and analysts say the job outlook will help determine whether they launch … Continue reading
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