Job Market Monitor
wages
Barclays, Deutsche Bank / To cut pay up to 20 percent
Barclays (BARC.L) and Deutsche Bank (DBKGn.DE) will take a knife to bonuses for investment bankers in the coming weeks as they seek to tackle high costs, people familiar with the matter said. Britain’s Barclays is finalizing bonuses for last year and overall 2012 compensation for investment bankers will fall by between 10 percent and 20 … Continue reading
Ireland / Scheme to employ 1,000 graduate nurses on lower salaries
THE Health Service Executive (HSE) has reported “strong interest and enquiries” about its controversial scheme to employ 1,000 graduate nurses on lower salaries. The first phase of the scheme offering the newly qualified nurses jobs in hospitals kicked off yesterday despite bitter opposition from nursing unions. The nurses will get a two-year contract at €21,769 … Continue reading
India / Factory Jobs up by 7.8%, wages by 18.1% in 2010-11: Survey – The Economic Times
The number of jobs in industries increased by 7.8 per cent while wages rose by 18.1 per cent in real terms in 2010-11, a government survey has said. Total persons engaged in different industries were 1.27 crore in 2010-11 compared to 1.17 crore in 2009-10, according to the Annual Industries Survey released by the Ministry … Continue reading
US: Workers share of national income at its lowest level since 1959 while Corporate Profits are at record level
Workers share of national income is at its lowest level 1959 and is plunging. On the other hand, the share of corporate profits is at a record level. Source: Job Market Monitor with FRED Graph / St-Louis Fed’
Gender Gap / Equal Education but Unequal Pay / Infographics from LearnStuff
Check out the infographic below to see the gender wage gap affects. via Equal Education Unequal Pay | LearnStuff.
US / Domestic workers barely make minimum wage
Nannies, caregivers and housecleaners earn a median wage of about $10 an hour, and few receive benefits like health insurance or paid sick days, according to the first-ever national statistical study of domestic workers, which is being released Tuesday. The study, based on interviews with 2,086 workers in 14 major metropolitan areas, found substantial differences … Continue reading
UK / Over 6m working poors
Millions of workers are facing insecurity, moving in and out of jobs, and poverty, according to a new report. The Joseph Rowntree Foundation (JRF) said over six million people classed as living in poverty, were in households where people worked. Excluding pensioners, in-work poverty now outstrips workless poverty, while 1.4 million people were now working … Continue reading
California / College Grads Taking Low Paying Jobs rose by 60,000 from 2006 to 2011
The number of California college graduates working in low-paying jobs rose by 60,000 from 2006 to 2011 according to the U.S. Census Bureau. Throughout the state, 260,000 recent college grads under the age of 30 are working on the front lines of food service and retail industries where historically those jobs have gone to workers … Continue reading
HD Mining / Jobs advertised in China at lower pay
A mining company that has hired hundreds of temporary workers from China for its northern B.C. coal mine advertised those jobs in Canada for $10 to $17 less than what is paid for similar work at a nearby mine, a lawyer representing two unions told a federal court judge on Friday. HD Mining also advertised … Continue reading
Canada / Are Temporary foreign workers filling gap or depressing wages?
News that a consortium of mostly Chinese companies will seek permission to use exclusively Chinese labour for underground work in four proposed B.C. coal mines has blown the lid off a simmering debate over the dramatic increase in the use of Canada’s temporary foreign worker program. The Harper government, which only last spring announced measures … Continue reading
Seasonal Jobs | Best-Paid
This year, retailers expect to hire 700,000 seasonal workers. Companies like Wal-Mart, Macy’s, Target, JCPenney and Kohl’s will each fill about 80,000 temporary holiday positions. In addition to major retailers, hundreds of holiday-related businesses–greeting card makers, decorating and design firms, caterers and travel services–will also staff up to meet the season’s increased demand. Hiring managers … Continue reading
US | Workers Least Satisfied With Stress and Pay
U.S. workers are the least satisfied with their on-the-job stress and money they make, out of 13 aspects of work conditions rated in Gallup’s annual Work and Education poll. Fewer than a third say they are completely satisfied with each. They are most satisfied with the physical safety conditions of their workplace, followed by their … Continue reading
New Zealand | Gender pay gap widens
The gender pay gap is the biggest it has been in 10 years, according to new data from Statistic New Zealand. The quarterly employment survey shows the gender gap has increased in the year to September by 1.3 per cent, from 12.85 per cent to 14.18 per cent. Pay Equity Challenge Coalition said it was … Continue reading
Taiwan – Nearly 80% of businesses froze salaries in 2011
About 80 percent of employers in the manufacturing and service sectors froze salaries for employees in 2011, while the number of layoffs also increased that year due to slow economic growth, according to the results of an official … . Nearly 80% of businesses froze salaries in 2011: survey . http://focustaiwan.tw/ShowNews/WebNews_Detail.aspx?ID=201210300023&Type=aECO
Lufthansa : Threat of wage cuts and layoffs
At a press conference in Frankfurt last Thursday the CEO of Lufthansa, Christoph Franz, announced details for the long-planned restructuring of the company. From 2013 onwards Lufthansa will transfer all of its Europe-Germany flights—with the exception of those from Frankfurt and Munich—to the subsidiary company it formed ten years ago, German Wings. German Wings will … Continue reading
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