Job Market Monitor
Employment
Background checks mistakes can shut out jobs
A recent survey by the Society for Human Resource Management indicated that about two-thirds of employers conduct criminal background checks on all job candidates. An array of companies, which don’t have to be licensed, offer the service. Searches, though, vary in accuracy. An April report published by the National Consumer Law Center found that many … Continue reading
UK / Newcastle Council cuts 1,300 jobs
More than 1,300 jobs are to be axed by a North East council struggling to trim £90m from its budget. Newcastle City Council – which employs 10,500 staff – will also shut 10 libraries, although it said its new £24m city centre library was safe. A spokesman blamed rising costs and a greater demand for … Continue reading
We’ve Seen This (Manufacturing) Movie Before
At the dawn of the 19th century, farmworkers were somewhere between 75% and 80% of the entire labor force. That number was still over 50% in 1860. It was not just the Industrial Revolution that increased the number of manufacturing workers in the US, it was an agricultural productivity revolution that allowed more food to … Continue reading
Sharp / 3,000 volunteers for 2,000 job cuts
Struggling Japanese TV maker Sharp Corp (6753.T: Quote) said on Tuesday about 3,000 of its workers volunteered for early redundancy, far more than the 2,000 it aims to lay off in a bid to trim costs amid mounting losses… Choosen excerpts by Job Market Monitor from via Sharp seeks 2,000 job cuts, gets 3,000 volunteers … Continue reading
Job cuts around Europe
Here is look at major company job cuts announced and planned around Europe in the past month as economic worries spread: Source: via FACTBOX-Job cuts around Europe | Reuters.
UK / Hovis To Cut 900 Jobs
The owner of Hovis has announced plans to cut 900 jobs in its struggling bread business as profits become harder to come by. In a statement, Premier Foods said it was to close two bakeries and reform its delivery network. The biggest impact will be felt in Birmingham, where 511 jobs are to be lost … Continue reading
(UPDATE) Greece – No to additional 22,000 layoffs asked by IMF
Greece / Rejecting IMF demand for 22,000 extra layoffs Greece has rejected a last-minute IMF demand for thousands of additional civil service layoffs, a finance ministry source said on Tuesday ahead of a crucial eurozone meeting to debate loan relief for Athens. The global lender on Monday called for 22,000 extra job cuts by 2014 … Continue reading
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
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
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
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 / 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
Survey / Hiring managers will hire Matures over Millennials
A recent survey on behalf of the staffing firm Adecco USA Inc. finds that hiring managers will hire Matures (50 years old and above) over Millennials (22 through 31 years old). In fact, they hire Matures three times as often (60 percent versus 20 percent). As might be anticipated because of the level of responsibility, … Continue reading
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