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Voluntary Turnover in US – It costs $1 Trillion per year and 52 percent of them think that something could have done
A trillion dollars. That’s what U.S. businesses are losing every year due to voluntary turnover. And the most astounding part is that most of this damage is self-inflicted. Here’s how it breaks down for an individual organization: The annual overall turnover rate in the U.S. in 2017 was 26.3%, based on the Bureau of Labor … Continue reading
Workplace Wellness – Employees who took part didn’t become healthier or more productive
Does your workplace provide incentives to attend the gym? Offer support to quit smoking? Mandate completing a health assessment? It seems that everywhere you turn, businesses are investing resources into trying to improve the health of their workers. Some of the largest drivers of high healthcare spending in the US are related to chronic diseases … Continue reading
Essential Digital Skills Framework for UK- What adults need to safely benefit from, participate in and contribute to the digital world
The essential digital skills framework defines the digital skills adults need to safely benefit from, participate in and contribute to the digital world. This framework has been designed to support providers, organisations and employers across the UK who offer training for adults to secure their essential digital skills. The frameworks sets out 5 categories of … Continue reading
Job Openings in US – Increased to 7.6 Million in January with more of them than people unemployed for the eleventh consecutive month
In January there were 7.581 million job openings, and, according to the January Employment report, there were 6.535 million unemployed. So, for the eleventh consecutive month, there were more job openings than people unemployed. Also note that the number of job openings has exceeded the number of hires since January 2015 (4 years). Chosen excerpts … Continue reading
Job Report in Europe, QIV2018 – The number of persons employed increased by 0.3% in the euro area and by 0.2% in the EU28
The number of persons employed increased by 0.3% in the euro area and by 0.2% in the EU28 in the fourth quarter of 2018 compared with the previous quarter. In the third quarter of 2018, employment increased by 0.2% in both zones. Compared with the same quarter of the previous year, employment increased by 1.3% … Continue reading
Job Report in Canada, February 2019 – Employment grew for a second consecutive month, up 56,000
Employment grew for a second consecutive month, up 56,000 in February, driven by gains in full-time work. The unemployment rate was unchanged at 5.8% as the number of people searching for work held steady. In the 12 months to February, total employment grew by 369,000 or 2.0%, reflecting increases in both full- (+266,000) and part-time (+103,000) work. Over the same period, total hours … Continue reading
Job Report in US, February 2019 – A very weak month – total nonfarm payroll employment up by only 20,000
Total nonfarm payroll employment changed little in February (+20,000), and the unemployment rate declined to 3.8 percent, the U.S. Bureau of Labor Statistics reported today. Employment in professional and business services, health care, and wholesale trade continued to trend up, while construction employment decreased. Household Survey Data The unemployment rate declined by 0.2 percentage point … Continue reading
Labour productivity in Canada, QIV 2018 – Declines for the second time in four quarters
Labour productivity of Canadian businesses decreased 0.4% in the fourth quarter, after rising the two previous quarters. This decline reflected the continued growth in hours worked, while business output remained at about the same level as in the previous quarter. Chosen excerpts by Job Market Monitor. Read the whole story at The Daily — Labour productivity, hourly compensation and unit … Continue reading
Universities – Three major challenges according to Lawrence Bacow, President of Harvard University
So, what are the substantial challenges that I think we face? At this moment in time, we are confronting three major challenges. First, we are perceived as being elite institutions at a time in which the word “elite” has become a bad word (when applied to anything but a quarterback). Some people think that institutions … Continue reading
Job Report in EU, January 2019 – Unemployment at 7.8% with 3.375 million young persons unemployed
The euro area (EA19) seasonally-adjusted unemployment rate was 7.8% in January 2019, stable compared with December 2018 and down from 8.6% in January 2018. This remains the lowest rate recorded in the euro area since October 2008. The EU28 unemployment rate was 6.5% in January 2019, down from 6.6% in December 2018 and from 7.2% … Continue reading
Redundancy in UK – The shrinking of the retail workforce has been happening for 15 years now
The closure of some big names shops (think HMV) has been hogging the news for the last 15 months. But the truth is the shrinking of the retail workforce has been happening for 15 years now. From an economy wide perspective we might not worry – the reductions in retail jobs have easily been absorbed … Continue reading
Jobless Claims in US – At 10-month high
The number of Americans filing applications for jobless benefits increased more than expected last week and the number of people on unemployment rolls increased to a 10-month high, suggesting some slowing in the labor market. Chosen excerpts by Job Market Monitor. Read the whole story at U.S. jobless claims rise; continuing claims at 10-month high | Reuters
Job Report in Canada, January 2019 – Grew by 67,000
The number of people employed grew by 67,000 in January, mostly among youth aged 15 to 24 and in the services-producing industries. The unemployment rate increased 0.2 percentage points to 5.8% as more people looked for work. Chart Unemployment rate On a year-over-year basis, total employment was up 327,000 or 1.8%, reflecting increases in both full-time (+166,000) and part-time (+162,000) work. Over the same period, total hours worked … Continue reading
India – Jobless rate at multi-decade high
An official survey that has been withheld by the government shows India’s unemployment rate rose to its highest level in at least 45 years in 2017/18, the Business Standard newspaper reported on Thursday, delivering a blow to Prime Minister Narendra Modi months before a general election. A political controversy over the survey erupted after the … Continue reading
Job Report in US, January 2019 – Employment increased (for record 100th consecutive month) by 304,000 but unemployment edged up to 4.0 percent
Total nonfarm payroll employment increased by 304,000 in January, and the unemployment rate edged up to 4.0 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in several industries, including leisure and hospitality, construction, health care, and transportation and warehousing. Household Survey Data Both the unemployment rate, at 4.0 percent, and the number of unemployed … Continue reading
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