Work Exposed the Blog

Economic Conditions Snapshot, June 2009: McKinsey Global Survey Results

July 13, 2009 · Leave a Comment

mckinsey

Executives have become notably more optimistic about their companies’ and their countries’ economic prospects since mid-April—but the outlook was so poor then that optimism must be tempered.

Over the past six weeks, executives have become markedly more optimistic about current economic conditions and prospects for their national economies, a new McKinsey survey shows. Expectations started out so gloomy, however, that even now, fewer than a third expect an economic upturn this year, and two-thirds expect their nations’ GDPs to decrease in 2009.

Similarly, at the company level, more executives still expect to shed workers than to hire, but the share expecting to decrease the workforce has fallen below half for the first time since January. And a full third of respondents now expect profits to increase in 2009, up 8 percent in six weeks. Furthermore, even though respondents see fallout from the crisis in a variety of financial and nonfinancial measures such as employee morale and the pace of innovation, strong majorities expect those effects to be short-lived.

Click here for a PDF version of the study.

→ Leave a CommentCategories: Workforce News
Tagged: , , ,

Friday Funnies: Build-a-Bear Gone Bad

July 10, 2009 · Leave a Comment

Build a bear comic

→ Leave a CommentCategories: Humor
Tagged: , , , ,

Workplace Discrimination in Recruiting Statistics

July 6, 2009 · 2 Comments

I have to admit that in today’s society I am surprised that this is still an issue. When I went to look at the numbers I didn’t think there would be such a disparity between the candidates, apparently I was wrong. This is an unfortunately sad statement that people who are well suited for a job are still discriminated against. While these are for waiter/waitress positions, I would have to assume based on this sampling that even in other occupations discrimination at some level still exists.

I hope I am wrong.

Recruiting Discrmination

→ 2 CommentsCategories: Workforce Statistics
Tagged: , , , ,

Happy 4th of July 2009

July 2, 2009 · Leave a Comment

On behalf of Manpower, we would like to wish you and yours a very Happy 4th of July. We are grateful for the sacrifices and courage of all of the men, women and families that have given much to keep us free.

070703_fireworks_hmed_6a

→ Leave a CommentCategories: General Information
Tagged: , , , ,

Full U.S. Unemployment Picture (Even the Hidden Numbers)

June 30, 2009 · Leave a Comment

There are a lot of numbers and percentages thrown around in the world of employment, especially as it relates to unemployment. There are no shortage of people talking and writing about typical unemployment numbers as though they are an Area 51 conspiracy. The talk typically swirls around the ominous U6 unemployment number, and that everything else that is released is smoke and mirrors. The articles have a very Illuminati sound and intrigue attached to the words.

 While the U6 numbers are not talked about a whole lot, they are also not top secret. They are part of a list of unemployment numbers that give a full picture of the current state of unemployment. So does that mean the traditional percentages we hear are wrong? No, those percentages are accurate. As you will see the U6 includes a lot more data and information in its rendering. So in my quest to expose the on-going mystery’s in the world of work, I present to you the U6 — and a bunch of other unemployment data.

A12 May 2009

Click the image to make it larger.

→ Leave a CommentCategories: Unemployment · Workforce Statistics
Tagged: , , , , ,

Put Down the Ax: 5 Alternatives to Layoffs

June 29, 2009 · Leave a Comment

five

Trying to keep the lights on is challenging for many small businesses these days. But while laying off employees can save the company the expense of salaries and paying for benefits, such a move is often not the most cost-effective answer.

In fact, layoffs can actually cost your business money, especially if you expect things to pick up once the economy recovers.

“It’s hard to save money if the jobs will be refilled within a year or so,” explains Peter Cappelli, director of the Center for Human Resources at the Wharton School of the University of Pennsylvania. “There are lots of costs of laying people off – severance, unemployment insurance, risks of litigation. And then there are the costs of re-hiring – search, training, productivity losses while waiting for performance to get up to speed.”

So if you can’t save money by letting people go, how can you balance the books? Here are five steps you can take to cut costs without cutting employees loose.

To see the 5 alternatives click here.

→ Leave a CommentCategories: Uncategorized

Friday Funnies: Is Math a Religion?

June 26, 2009 · Leave a Comment

calvin and hobbes math

→ Leave a CommentCategories: Humor
Tagged: , , , ,

Temp Execs Gaining Favor in a Troubled Economy

June 25, 2009 · Leave a Comment

CB032828

Objectivity and the lack of a political agenda allow a temporary executive to make tough decisions like layoffs and cutbacks.

Many employers today are finding the need to shift course given the changing economy, but they don’t have the leadership they need to do so. In hard times, firms want executives who can make difficult decisions and not worry about relationships, experts say. And that’s why more employers are turning to temporary executives.  

Los Angeles-based Business Talent Group, which has more than 1,500 temporary executives and 100 clients, has seen its business grow 47 percent year over year since its inception 2½ years ago. “We hear a lot from companies that want to bring in an interim executive to deal with a turnaround or crisis and who can make tough calls and be the bad guy,” COO Amelia Warren Tyagi says. “And then the next person can come in and rebuild loyalty and culture.”

Workforce Management New York bureau chief Jessica Marquez recently spoke to three temporary executives who work with BTG—William Kuehn, who often temps as an interim CEO; Philip Deming, who temps as a head of HR; and Sydney Drell Reiner, who temps as a chief marketing officer—about their experiences.

To continue reading click here.

→ Leave a CommentCategories: Workforce News
Tagged: , ,

Crazy Business or Brilliant Start-up? #15

June 25, 2009 · Leave a Comment

pointbanner

As is true in so many business decisions, companies in need of banner ads typically face the choice between creating their own or hiring a professional to create it for them. Many do-it-yourself sites use templates, however—which can result in a cookie-cutter look—while using professionals can be expensive and time-consuming. Aiming to offer a third alternative, PointBanner promises custom-created banners in just 48 hours for $49.

Customers submit a banner request with New York-based PointBanner in three simple steps: they upload their logo, enter their desired text and URL, and then pick a size. Eschewing templates, the company’s design team works on each banner individually, guaranteeing a result for $49 within 48 hours. Three free revisions are included for each banner, and an assortment of multi-banner packages are also available with per-banner pricing as low as $11.

Much like Inkd, which offers a third alternative in the realm of graphic (print) design, PointBanner seems like a natural next step in the evolution of web advertising, making professional quality more accessible to all. One to adapt locally—or, more broadly, find another area where the niche between cookie-cutter and professional approaches is currently unfilled, and offer a middle ground of your own!

HT: Springwise

→ Leave a CommentCategories: New Business Ideas
Tagged: , , , ,

Visual: Growing Industries – What’s Hot? What’s Not?

June 24, 2009 · 1 Comment

As usual my friends over at Indeed.com have some great information to help you pinpoint your job search. Below is the graph for May 2009 and while everything is at a minus the best bets for opportunities are probably not a surprise. Education and Healthcare are leading the pack - nonetheless the overall amount of postings for jobs out there is encouraging (1,873,158).

If you are not familiar with Indeed.com I would encourage you to add it to your repertoire of job sites. I would also be remiss if I did not mention our own job board at manpowerjobs.com which will put you in touch with the latest and greatest job openings from Manpower.

Indeed Major Industries Graph May 2009

→ 1 CommentCategories: Workforce Statistics · Workforce Trends
Tagged: , , , , ,

Does the World Need More Engineers?

June 24, 2009 · Leave a Comment

913660_engineer_plans

“Imagine what life would be like without pollution controls to preserve the environment, life-saving medical equipment, or low-cost building materials for fighting global poverty. All this takes engineering,” states the National Academy of Engineering’s Web site for high-school girls and the adults in their lives.

Engineering is vital to problem solving and, as a career, offers an opportunity to make a real difference in the world. Using stories of real women and student peers engaging in these activities, the program encourages more young women to enter the field in all its varieties, such as civil, aeronautic, biomedical, environmental, industrial, and computer engineering.

Resources for counselors, teachers, parents, and adult engineers are also available at the site. “In very real and concrete ways, women that become engineers save lives, prevent disease, reduce poverty, and protect our planet,” it states. “Dream Big. Love what you do.

Bonus Click: Become an engineer.” http://www.engineergirl.org/ for middle-school girls.

→ Leave a CommentCategories: Workforce Trends · World of Work
Tagged: , , , ,

Friday Funnies: When Benefits Get Cut

June 19, 2009 · 1 Comment

dilbert strip

→ 1 CommentCategories: Humor
Tagged: , , , ,

7 Questions You Must Ask Before Firing

June 17, 2009 · Leave a Comment

yourfired

Faced with a firing, managers are typically upset and uncomfortable. They want to just “get it over with.” Stop right there. Slow them down, and ask these 7 questions first. Otherwise, you’re likely headed for an expensive lawsuit.

Here are the 7 questions BLR experts recommend you ask before any termination. If your answer to any of these questions rings a worrisome note, review the situation carefully before making a termination decision.

1. Have you followed your own policies?

Most organizations have a discipline policy that covers termination. Check your policy to be sure that you have followed it, especially if your policy calls for “progressive discipline” or suggests that employees are fired only for cause.

Policies generally reserve the right to skip steps in the progressive discipline system and fire immediately for certain offenses such as stealing or violence. However, you should exercise this right with caution.

2. Is there a contract or other guarantee?

If the employee in question has a written employment contract, you will probably be bound by its terms. Even in the absence of written contracts, many courts have found that certain documents, such as employee handbooks or offer letters, can create implied employment contracts. For example, your policy or handbook might inadvertently:

  • “Guarantee” a job as long as work is satisfactory.
  • Require arbitration or other alternate dispute resolution approaches.
  • Mandate progressive discipline.

3. Is there a union agreement?

If the employee in question is covered by a union contract, you must determine whether this termination would be contrary to union contract provisions.

Furthermore, if the employee has been involved in union organizing, you must weigh whether the offense for which the employee is to be terminated could be considered “concerted activity” or whether the termination could be considered retaliation for union activity.

4. Have you been consistent?

Consistency is an important part of fair treatment. If you have consistently terminated others for the same offense for which you want to terminate this employee, you are probably going to be all right. If, however, you have never terminated a white male for a certain offense, and now you intend to terminate a black male for that offense, you could be on thin ice.

5. Could this firing be viewed as discriminatory?

Could the employee claim that he or she was fired not for the reason the organization claims, but because of discrimination? (”You fired me because I am [old, black, Muslim, gay, disabled, etc.], not because I broke a rule.”)

6. Could this firing be viewed as retaliatory?

Could the employee claim that he or she was fired for performing a protected activity? For example, making a complaint to a government agency, making accusations of sexual harassment, or making a workers’ compensation claim? If so, look at the situation carefully.

7. Is the employee pregnant?

In general, treat pregnant women the same way you treat any employee with a disability. You may not fire a woman because she is pregnant.

Have some pre-firing questions that you think should be added?

→ Leave a CommentCategories: World of Work
Tagged: , , , ,

Economic Downturn Rattles Younger Workers While Older Employees Tough It Out

June 15, 2009 · 2 Comments

olderworkers

Younger workers are bearing the brunt of the current economic crisis, while older employees show greater resiliency in a recession-battered workplace where employers seek to do more with less, according to a new study by Boston College’s Sloan Center on Aging & Work.  

The onset of the greatest economic crisis since the Great Depression has negatively altered perceptions about job security, supervisor support, job quality, inclusion and overall employee engagement in the workplace, according to the new report, “The Difference a Downturn Can Make,” part of the Center’s far-reaching Age & Generations Study. And as businesses strive to cut costs and increase productivity, American workers are reporting they are overloaded.

 Looking across different generations of workers, researchers found employees of all ages reporting a drop in employee engagement, a measure of how invested and enthusiastic employees are in their work. While employees overall report declining engagement, older workers in this study appear to be weathering the economic storm better than their younger peers.

 Workers among “Generation Y” — ages 26 and younger — report the greatest decrease in engagement. Those slightly older workers in “Generation X” — ages 27 to 42 — reported less of a decrease, while Baby Boomers and older “Traditionalists” — ages 43 or older — reported that their levels of engagement hardly changed at all.

 America’s older workers show all the signs of being more resilient in the face of threatening economic conditions, drawing on hard-earned experiences from the downturns of the past and a battle-tested perspective on the peaks and valleys of the market.

 ”Some older workers have seen it all, and that gives them experiential resilience,” says Marcie Pitt-Catsouphes, director of Boston College’s Sloan Center on Aging & Work. “Younger workers just don’t have the depth of experience, which leaves them feeling less engaged in their jobs. But younger workers bring energy, enthusiasm, and idealism. In a workplace where older and younger employees work side-by-side, the give and take between young and old is a valuable resource employers should leverage to survive the downturn.”

 Researchers at Boston College’s Sloan Center on Aging & Work report other findings from the Age & Generations study that suggest: 

  • Perceptions of engagement, supervisor support, inclusion, and job quality declined after the onset of the economic downturn for employees who felt that their job security had decreased, but it stayed the same or only slightly declined for those whose job security had stayed the same or increased.
  • Those whose job security decreased or stayed the same experienced a slight increase in work overload after the onset of the economic downturn, whereas those whose job security increased experienced a slight decrease in work overload.
  • Those whose job security decreased perceived a slight decrease in team effectiveness after the onset of the economic downturn, whereas those whose job security increased experienced a slight increase in their perceptions of team effectiveness.
  • While younger workers felt the effectiveness of their work team as a whole dropped as their job security declined, older workers felt the effectiveness of their team held steady even though they too reported a decreased sense of job security. 

In tough economic times, the multi-generational American workplace requires employers to take cost-effective steps to support their workers. It isn’t enough for employees to be grateful for their jobs; according to one researcher, employers need to show they are grateful to the employees that keep them in business.

“Employee engagement can be greatly enhanced by simple and cost-efficient efforts,” adds Christina Matz-Costa, research associate at the Sloan Center and one of the study’s authors. “Providing strong training and development opportunities, encouraging work team inclusion, and promoting a culture of workplace flexibility and supervisor supportiveness are all effective strategies that can maintain or boost engagement.”

To download a PDF copy of the full report click here.

→ 2 CommentsCategories: Baby Boomer · Employee Engagement · Gen X · Workforce Trends
Tagged: , , , , , ,

Friday Funnies: Police Humor

June 12, 2009 · 1 Comment

farside_cops

→ 1 CommentCategories: Humor
Tagged: , , ,