Job Market Monitor
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IT jobs – Location matters
Investing in an IT career is like investing in real estate: In both cases location matters. While it’s not all about location, location, location, compensation for the same IT job can vary widely — sometimes by $50,000 or more — depending on where you decide to work. But the best paying job may not be … Continue reading
China – Graduates willing to take less for first position
More than half of college students who will graduate next year are willing to accept a monthly salary of less than 4,000 yuan ($638), according to a survey released on Saturday. The survey, conducted by renren.com, a popular social networking website which launched its job-search service for graduates in July, ran from Aug 21 to … Continue reading
China – Workers want money and opportunity: survey
Employee confidence in China’s job market has dropped, and in 2012/13 more workers will ask their employers for a pay rise, according to latest report by Michael Page International, an international recruitment consultancy. The report is based on the … http://usa.chinadaily.com.cn/china/2012-09/13/content_15756901.htm
More Jobs, Smaller Paychecks
More Jobs, Smaller Paychecks These figures, from a Census Bureau report released this morning, aren’t surprising. But they are a reminder of the fact that, while high unemployment remains a big problem for the U.S. labor market, it’s not the only problem. There’s also a long-term… http://www.npr.org/blogs/money/2012/09/12/161003786/more-americans-are-working-but-theyre-earning-less
Most people over 55 would work longer with a pay raise
What if every U.S. worker got an automatic 10 percent pay raise at age 55? According to a new University of Michigan study, most people would work quite a bit longer before they retired, to enjoy the extra income. By eliminating social security payroll taxes starting when workers are 55-years-old, the study shows that people’s … Continue reading
India – Infosys pays less than in US for the same job
The trial in the alleged visa fraud case against software services major Infosys in the US has been postponed by almost a month to September 17. The trial related to visa fraud allegations levelled by Infosys’ former employee Jack Palmer was scheduled to start on August 20 in the US court. According to sources, it … Continue reading
After the Great Recession : Underemployed and Underpaid
Throughout the Great Recession and the not-so-great recovery, the most commonly discussed measure of misery has been unemployment. But many middle-class and working-class people who are fortunate enough to have work are struggling as well, which is why Sherry Woods, a 59-year-old van driver from Atlanta, found herself standing in line at a jobs fair … Continue reading
India | Infosys to cut in pay after salary freeze
Infosys will tell restive employees angry about a salary freeze that it will make steep cuts to their variable pay for the January-March quarter, risking an exodus of talent to greener pastures. India’s second-largest software exporter, which missed its revenue guidance for the final quarter, has decided that most of its employees will get only … Continue reading
Taiwan | Low pay means a brain drain
Low salaries are the main reason that Taiwan has failed to retain local talent and attract skilled foreign workers, Pan Shih-wei, deputy minister of the country’s Council of Labor Affairs, said Friday. Pan made the remarks in response to a comment by Singapore’s deputy prime minister, Tharman Shanmugaratnam, who recently singled Taiwan out as a … Continue reading
India | Robust hiring activities and 12% pay hike
Indicating a robust uptrend in the job market, a survey today said that 84 per cent of companies in India will ramp up their hiring activities this year and employees can look forward to an average pay hike of more than 12 per cent across most of the sectors. According to the survey conducted by … Continue reading
Strong Canadian dollar has pushed goods sector wages making Canada a non-costeffective location says a CIBC Report
“Remember 62 cents? Canada’s currency posted its all-time weakest monthly close against its American cousin exactly a decade ago, making a dramatic U-turn thereafter. Despite leveling off in recent years, the US¢/C$ exchange rate remains 60% stronger than it was a decade ago and is also more than 20% firmer than a trade-weighted basket of other major currencies” write Avery Shenfeld and … Continue reading
US | Unemployment : 31.5 % among high school dropouts and 8.9 % for college graduates with Bachelor’s Degrees
Unemployment figures show the jobless rate for recent college graduates with Bachelor’s Degrees has been running at an unacceptable 8.9 percent. But, a new study from the Georgetown Center on Education and the Workforce finds that unemployment among job seekers with no better than a high school diploma is a catastrophic 22.9 percent – and an almost unthinkable … Continue reading
Cost of hiring Sri Lankan maids ‘unreasonably high’ – Arab News
Several Saudi citizens have decried an exorbitant hike in recruitment charges by the Sri Lankan manpower recruitment offices and middlemen. They noted that the recruitment offices have raised the charges for hiring housemaids from $3,000 to about $4,000, and that was in clear violation of the agreements signed earlier between the two countries. The citizens … Continue reading
Thelma Etim: The Gender Pay Gap Gains Are At Risk Of Erosion
Amid the bleak economic outlook, women in the UK had a little something to smile about just before the festive season got under way. This was owing to the Office of National Statistics’ (ONS) revelation that the gender pay gap had narrowed markedly. Figures showed it had dropped below 10% for the first time after … Continue reading
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