Job Market Monitor
Hiring
Finding a Job in US – A marked improvement in the full-time finding rate over the last year Atlanta FED finds
if you were an unemployed prime-age individual (25–54 years old) or working PTER one year ago, what are you doing today? Have your chances of becoming employed full-time improved? Chart 1 shows the distribution of labor market outcomes of prime-age workers who were PTER one year earlier. Chart 2 shows the distribution of outcomes for … Continue reading
India – TCS to hire 55,000
IT giant TCS is believed to be undertaking a significant performance-related restructuring of its workforce, which may also lead to some employees being asked to leave the company. Sources said that the restructuring exercise could affect both onsite and offsite positions across various verticals, even as the company said it is on track to meet … Continue reading
The Class of 2015 in US – Employers expect to hire 8.3 percent more new college graduates
Employers expect to hire 8.3 percent more new college graduates from the Class of 2015 for their U.S. operations than they did from the Class of 2014, according to a new report from the National Association of Colleges and Employers (NACE). Employers taking part in NACE’s Job Outlook 2015 survey cited company growth and attrition … Continue reading
Google Hire Spree – 30,000 more workers in California
Google may be on course to expand its already large workforce in the San Francisco area by 30,000 more people. With more and more property being leased and bought, Phil Mahoney, a broker with commercial realty firm Cornish & Carey, said,”I’ve never seen anything like this sort of expansion from any one company.” via Google’s … Continue reading
How do you hire? An answer by Brian Chesky of Airbnb
How do you hire? What do you look for, and what questions do you ask? For every hire, you need a very specific thesis of what you’re looking for, and it has to be simple. It can’t be a bunch of responsibilities; it’s got to be a word, or a mantra, and it has to … Continue reading
UK – Royal Mail Hiring 19,000 Seasonal Workers for Christmas
UK postal giant Royal Mail plans to hire around 19,000 seasonal workers to help sort its Christmas mailbag. The employer, which was privatised in late 2013, said temporary positions across a variety of shifts will be available between mid-November and early January 2015 and that the peak of the additional temporary work will be in … Continue reading
US – Amazon announces 80,000 seasonal jobs
Mike Roth, the vice president of North America operations, Amazon.com, said, “So far this year, we have converted more than 10,000 seasonal employees in the US into regular, full-time roles and we’re looking forward to converting thousands more across our growing network of fulfillment and sortation centers after this holiday season.” “We’re excited to be … Continue reading
UPS – To Hire up to 95,000 seasonal workers
UPS plans to hire up to 95,000 seasonal workers to help with package deliveries during the busy holiday season. The Atlanta company said Tuesday that the positions will include package sorters, loaders, delivery helpers and drivers. The company did not immediately say how the hiring compares with previous years. Last year, a last-minute surge in … Continue reading
US – Employers are not hiring , they squeeze
As the August jobs report on Friday indicated, U.S. employers still aren’t hiring tons of employees on a consistent basis. Recent data from Sageworks, a financial information company, also suggest companies may have less incentive to absorb some of the slack in the labor market that Federal Reserve officials have highlighted in recent weeks. Privately held … Continue reading
Jobs Openings in US in June 2014 – Increased to 4.7 million, highest since 2001
Jobs openings increased in June to 4.671 million from 4.577 million in May. This is the highest level since February 2001. Chosen excerpts by Job Market Monitor. Read the whole story at Calculated Risk: BLS: Jobs Openings increased to 4.7 million in June, Highest since 2001.
US – Headcount additions remain highly targeted in the face of ongoing skills gaps and rising wage pressure says PwC
In the first quarter of this year, 63% of Trendsetter companies told us they’d add staff in the next quarter, the highest level we’ve seen in several years. So we weren’t particularly surprised when the US Bureau of Labor Statistics announced that June’s unemployment rate had dropped to 6.1%. In fact, average unemployment in 2Q14 … Continue reading
Hiring – Employee referrals and internal employees (with 42% of jobs) are the two main source
Employee referrals is still a dominant source of new hires: 25% of new hires results from these referrals. One out of 10 referred candidates gets hired The really interesting new finding is that the lion’s share of jobs is now filled by internal employees! Fully 42% of jobs are filled this way. You can understand … Continue reading
Job Interview – The water test
A GREAT résumé, the right answers in the interview and stellar references may not be enough to nab the dream job in a competitive employment market.With so many qualified candidates out there, employers are able to be much pickier. We all know that presenting well in the job interview is important but you may be … Continue reading
Hiring in US – Fastest pace in almost 6 years
U.S. employers recently hiked their hiring to the fastest monthly pace in almost six years, a healthy sign for the U.S. labor market, according to government data released Tuesday morning. There were 4.71 million hires in April — the most since June 2008 – and up 6% from a year earlier and, according to the … Continue reading
Apple, Google – The Silicon Valley’s Hiring Conspiracy
Steve Jobs wouldn’t appear to have been an emoticon guy, but history will show that on at least one occasion, when words failed to convey his delight, he resorted to one. It was March 2007, and Jobs had received an e-mail from Eric Schmidt, then Google’s (GOOG) chief executive officer and a board member at … Continue reading
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