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Massive Open Online Courses (MOOC) in US – Coursera goes to train the unemployed
As Coursera has expanded to become a leading platform for massive open online courses, so has its acceptance as a training ground for skills sought after by employers around the world. In this interview with McKinsey’s Michael Chui, Coursera CEO Richard Levin, whose background includes 20 years as president of Yale University, explores the platform’s … Continue reading
US – Measuring the Skills Gap
CIO Magazine Publisher Emeritus Gary J. Beach has been studying the skills gap problem for a number of years and has authored numerous articles on the subject. In 2013, he published a book titled The U.S. Technology Skills Gap. I recently asked him why there is an overall lack of awareness about the skills gap … Continue reading
Total – To cut 2,000 jobs
Total SA on Thursday became the latest casualty of the oil-price swoon, reporting a $5.66 billion net loss for the latest financial quarter and promising to shed billions more in cost savings, including 2,000 layoffs by 2017. Chosen excerpts by Job Market Monitor. Read the whole story at France’s Total Plans to Cut Jobs, Sell Assets After … Continue reading
SocGen in Russia – To cut 1,500 jobs
Societe Generale SA plans to eliminate about 1,500 jobs in Russia this year as the country’s economic contraction squeezes profitability, according to a person with direct knowledge of the discussions. Societe Generale cut about the same numbers of positions in Russia in 2014, said the person, who asked not to be identified because the matter … Continue reading
Oil Industry – Mass layoffs complicate long-term plans
More than 100,000 layoffs have been announced across the industry worldwide since prices began to slide last summer, according to a tally kept by Bloomberg. In recent weeks other major service companies have announced job reductions. Halliburton announced it will cut 6,400 jobs (8 percent of its global workforce) while Schlumberger will eliminate 9,000 positions … Continue reading
Yahoo – To cut 100 to 200 jobs, mostly in Canada
Yahoo Inc. is cutting between 100 and 200 employees, mostly in Canada, according to a person familiar with the matter, as Chief Executive Marissa Mayer works to reduce costs at the Internet company. The layoffs, focused on employees in the company’s Canadian offices, would affect roughly 1% of Yahoo’s world-wide staff of 12,500, this person … Continue reading
Canada – A strong majority of households are on track for a secure retirement McKinsey finds
“McKinsey’s latest RRI research shows that a strong majority of Canadian households are on track for a secure retirement. However, 17 percent of households are not on track. Targeted solutions would help Canada address the lack of readiness of these households fairly and efficiently, while remaining a good steward of the economy.” This report is … Continue reading
People with Disabilities in US – Recruiting, Hiring, Retaining, and Promoting: A guide for employers
This resource guide identifies relevant federal and federally funded resources for employers looking to recruit, hire, retain, and promote people with disabilities. It is designed to answer common questions raised by employers and to identify relevant resources for employers who want additional information on specific topics. The goal of this guide is to help employers … Continue reading
US Poverty Rate – 14.5% in 2013, compared to 15.0% in 2012 CRS finds
In 2013, the official U.S. poverty rate was 14.5%, compared to 15.0% in 2012, and marked the first statistically significant drop in the rate since 2006. In 2013, 45.3 million persons were estimated as having income below the official poverty line, a number statistically unchanged from the estimated 46.5 million poor in 2012. (See Figure … Continue reading
Pharmacy Schools in US – Their number grew by 48 in 14 years
Pharmacy programs usually take six years — two years of undergraduate work at a university or community college and four years of professional training — at the end of which most students earn a doctorate of pharmacy (Pharm.D.) degree. The average pharmacy school student borrows $130,000, according to a 2013 survey of graduates by the … Continue reading
Paid Parental Leave in US – What are the true economic effects ?
What are the true economic effects of paid leave? Real-life experiments are underway in three states that already have operational paid leave programs: California, New Jersey and Rhode Island. Their experiences — particularly California’s, where the policy is a decade old — offer some answers. (New Jersey’s started in 2009 and Rhode Island’s last year.) … Continue reading
Singapore – Unemployment at 1.9%, a result of forcing organisations to consider more locals for employment
Unemployment in Singapore remained low in December, with more locals employed while the growth of foreign workers continued to moderate, the Manpower Ministry (MOM) said on Friday (Jan 30). The overall seasonally adjusted unemployment rate was at 1.9 per cent for the month, while the resident unemployment rate fell to 2.6 per cent from 2.8 … Continue reading
Skills Gap in UK – A construction skills time bomb is ticking according to the Federation of Master Builders (FMB)
According to the Federation of Master Builders (FMB), a construction skills time bomb is ticking, with skills shortages on the increase across a number of trades and professions. The FMB’s latest State of Trade Survey for 4Q14 that small construction firms are experiencing particular difficulties recruiting carpenters, joiners and bricklayers. “As the shock waves from … Continue reading
India – Has to raise workforce participation to 80% says PwC
To avoid squandering its demographic dividend, India must make substantial reforms in its education sector and the country needs to raise workforce participation from 58 per cent to 80 per cent to be at par with China, says a report. According to global consultancy firm PwC, the nation’s education system has benefited the upper class, … Continue reading
US – Government workers are less likely to be displaced CATO finds
This paper examines the extent to which public-sector employment has been relatively recessionproof in the past, whether previous patterns with respect to job displacement held during the Great Recession, and whether the experiences of federal, state, and local government workers have been similar… We use a sample of over 800,000 workers taken from the … Continue reading
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