Job Market Monitor
In the News
Talented Working Mothers: 28 percent of women with Harvard MBAs had left the workforce 15 years after receiving their degree
A 2009 study from University of Califirnia Berkeley Haas School of Business found that 28 percent of women with Harvard MBAs had left the workforce 15 years after receiving their degree. A 2010 study of MBAs from top business schools by University of Chicago Booth School of Business found that hours and labor force participation … Continue reading
A 67 million global jobs gap / The number of unemployed worldwide rose by 4.2 million in 2012
Global unemployment rose in 2012 amid continuing economic insecurity and insufficient policies stifling overall hiring, a new report by the United Nations labour agency has warned, adding that the world’s youth were most vulnerable to the growing job scarcity. In its annual Global Employment Trends report, released today, the International Labour Organization (ILO) notes that … Continue reading
(Update) – Barack Obama’s Second Inaugural Address: Excerpts on Job
No single person can train all the math and science teachers we’ll need to equip our children for the future, or build the roads and networks and research labs that will bring new jobs and businesses to our shores. Now, more than ever, we must do these things together, as one nation, and one people… … Continue reading
UK / 58 per cent for students leaving university in 2012 out of a job or in low-skilled employment
It is feared that the graduate jobs market will barely improve in 2013. The conclusions – in a study by the website CareerMatters.co.uk – comes just days after a separate report found that employers were receiving 56 applications for each graduate job, a seven per cent rise on the previous year. Researchers said that a … Continue reading
Australia / QBE could cut 700 jobs
Hundreds of jobs are under threat at global insurer QBE as it prepares to finalise a massive cost cutting plan. The insurance giant is reportedly considering axing 700 jobs from its Australian workforce as it seeks to slash costs. QBE on Monday refused to confirm how many jobs could go, but noted that it had … Continue reading
Indonesia / End of Moratorium on Hiring Civil Servants but …
The Indonesian government announced on Monday that the moratorium on hiring new civil servants was lifted at the end of December, 16 months after it was instituted, but that stringent recruitment policies would be maintained. Vice President Boediono said that the essence of the moratorium would still be continued — zero growth policy. “The efforts … Continue reading
Everyone knows Starbucks, but who is Opportunity Finance Network
Small business remains the backbone of America, creating more than 65 percent of our new jobs in the past 15 years. Unfortunately, in communities across the country, job growth remains stagnant as small and community-based businesses — critical sources of employment — lack access to the capital they need to create and sustain jobs. Providing … Continue reading
Aluminium / Ormet : 237 still off jobs
Tom Byers is glad Ormet Corp. made it through 2012 without laying off nearly 1,000 employees, but he would like to see the 237 who are out of work return to their jobs. “We have about 600 on the job right now,” said Byers, president of United Steelworkers Local 5724 at the Ormet Hannibal Primary … Continue reading
Romania / Minimum wage to rise to RON 800 / month
The minimum wage in Romania is to rise in two stages this year to reach RON 800 per month (just under EUR 184 at the current exchange rate), according to local news agency Mediafax. Choosen excerpts by Job Market Monitor from Sources: Minimum wage to rise in two RON 50 stages in Romania.
Atlanta / ViaSat to add 275 jobs
Communications equipment firm ViaSat Inc. will add about 275 jobs at its metro Atlanta campus. The expansion will more than double the company’s local workforce. Carlsbad, Calif.-based ViaSat (NASDAQ: VSAT) will build a 60,000 square foot office building at its Breckinridge Park campus in Duluth, which is also the company’s regional headquarters, a source said. … Continue reading
Denmark / 23,000 to lose unemployment benefits
Denmark’s ministry of employment has estimated that as many as 23,000 Danes will lose their unemployment benefits before the summer. The figures come less than two weeks after major changes to the Scandinavian country’s so-called ‘dagpenge’ unemployment system went into force. The ministry had previously estimated that only 7,000 and 12,000 workers would lose benefits, … Continue reading
Parents Want Flexible Work
In a recent “Parents & Work” survey conducted by FlexJobs from November 14 – 30th, 2012, 725 parents were asked about how work affects them and their families. The questions considered the issues working parents think about and confront on a regular basis, and how work flexibility might impact those. The results showed that working … Continue reading
Barack Obama’s Second Inaugural Address: Excerpts on Job (the word ‘unemployment’ does not appear)
No single person can train all the math and science teachers we’ll need to equip our children for the future, or build the roads and networks and research labs that will bring new jobs and businesses to our shores. Now, more than ever, we must do these things together, as one nation, and one people… … Continue reading
Walmart’s engagement toward Vet: What about wages?
most veterans taking up Walmart’s offer will have to tighten their belts. An Army private first class, with four years’ experience, earns a base pay of $24,178. The average active-duty service member receives a total benefits and pay compensation package worth $99,000 a year, because of substantial in-kind benefits in the form of housing, health … Continue reading
Gen Y: A ‘ticking time-bomb for employers ?
Generation Y workers represent the management class of the future, yet they also exhibit a new-found job mobility which, from an employer’s point of view, is a ticking time-bomb of potential cost and disruption to their businesses. The iOpener Institute in October 2012 gathered and studied questionnaire responses relating to workforce issues from over 18,000 … Continue reading
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