Monthly Archives: September 2008

Crazy Business or Brilliant Start-Up? #1

Ponoko manufactures products that creative consumers dream up. Users upload a design, and Ponoko makes the item and ships it to them, or to their buyers. Realizing that many consumers have great ideas for products, but lack the know-how to turn an idea into a manufacturable design, Ponoko has now added a clever new option: Ponoko ID.

Ponoko ID lets anyone submit a request, including a description (purpose, materials, colours, measurements, etc, plus links to relevant images, sketches or videos if they have them), as well as their ideal price and delivery deadline. Their request is then sent to a selection of designers who can put forward a bid by emailing a brief proposal to the shopper. After reviewing bids, the shopper can accept the one that best matches their Once the designer confirms the transaction, the request/bid becomes a binding agreement. The shopper makes payment to the designer (through Ponoko), and the designer creates the item. Creating transparency for both groups, shoppers and designers can review one another by leaving comments in their profiles.

Allowing consumers to have custom goods made to their own specifications is an interesting variation on the Intention Economy. As defined by Doc Searls: “The Intention Economy grows around buyers, not sellers. It leverages the simple fact that buyers are the first source of money.” While most examples of the Intention Economy have focused on consumers making their intentions known in order to get the best prices from retailers, applying the concept to a product’s conception creates a whole new world of opportunities for consumers and designers. “Consumers have grown accustomed to shopping at retail stores where mass produced items may fail to satisfy their needs,” explains David ten Have, Ponoko’s CEO. “Ponoko ID is the world’s first online service for getting unique products custom designed just for you, without the costs and hassles involved in finding a designer, manufacturer and materials.”

Website: www.ponoko.com/ponoko-id
Contact: www.ponoko.com/about/contact

Study: Iowa Women Work More, Paid Less

A new study shows that women in Iowa are more likely to be in the workforce than their counterparts around the country and that they are paid substantially less than women elsewhere.

The Iowa Policy Project study showed that 67% of Iowa women in Iowa are in the workforce, compared to 59% nationally. According to the study, they earn about 78 cents for every dollar men earn, compared to 81.4 cents nationally.

The study shows that after two decades of closing the pay gap, that disparity has grown over the last two years. The median wage for women dropped slightly to $12.50 per hour, while the hourly rate for men grew slightly to $15.98.

Original Source: Associated Press

The Cubicle Turns 40 – Hooray!?!?

Larry Kavich remembers visiting what he called a strange little office in an obscure part of Omaha in 1968 to see an example of new workplace furniture developed by nationally known designers.

he “Action Office,” as it was called, consisted of mobile components — desks, shelves and partitions.

Kavich, chairman of All Makes Office Equipment, said he remembers thinking, “How am I going to sell those?”

From that ignoble beginning, the cubicle, which is 40 years old this year, has gone on to dominate the workplace. Kavich estimates his company alone has sold more than 100,000.

Cubicles and cubicle workers seem ubiquitous in the Midlands and elsewhere. Indeed, the number of white-collar workers represents a much greater percentage of the work force today than it did 40 years ago. But blue-collar and “gray-collar” workers continue to be integral parts of the work force, and experts say all have a future in a changing economy.

To continue reading click here.

Workforce Metrics: Who is Responsible for Recruiting Tasks?

Recruiting Responsibility

Percentage of companies reporting that HR Department have sole responsibility for recruiting tasks, 2008.

Working Parents going M.I.A. at Home

Gripped by economic worries, more and more parents are bringing their work home with them. Or worse, they are barely make it home at all. Sittercity Inc., which helps corporations provide child care benefits, says 42 percent of working parents are devoting extra time to their jobs. Eight percent have found second jobs. And nearly one in three stay-at-home parents are thrusting themselves back into the labor market (although it’s not clear where they’ll find new jobs). The survey suggests that sour economic conditions are to blame for cutting into family time and forcing parents to spend more money on child care. However, it is difficult to tell from the published results whether this phenomenon is widespread. Sittercity says the survey is based on its database of “hundreds of thousands of parents and sitters nationwide,” but there is no mention of how many people actually participated.

Gen Y Losing Confidence in Ability to Find a Great Job

This year’s college graduates are less confident than last year’s that they will be able to find the jobs they want, according to the College Graduate Career Confidence survey conducted by Right Management . Right Management recently conducted career management workshops in more than 40 cities throughout the U.S geared specifically to recent college graduates embarking on a new job search. At the conclusion of the workshops, attendees participated in a survey measuring their confidence in the current job market.

Key findings include:

  • Confidence levels: Of the 236 recent and soon-to-be college graduates surveyed, 72% indicated it will be “somewhat to very difficult” to find the ideal job – up from 59% in 2007. Only 26% of this year’s college graduates believe it will be “somewhat to very easy” to get the jobs they desire – down from 37% in 2007.
  • Duration in first job: Nearly two-thirds of college graduates (61%) expect to remain with their first employers for less than three years, consistent with the 2007 findings. 28% expect to stay 3-5 years and 11% more than 5 years.
  • Key motivators: Consistent with last year’s findings, the top three key motivators for college graduates when considering employment are (1) Opportunities to develop new skills; (2) Appreciation for work/life balance; (3) Establishing and maintaining a good rapport with their managers.
  • Balance more important than pay: Work/life balance is more important to 2008 college graduates than compensation when choosing a job. 38% of recent college graduates said work/life balance is very important, while just 21% rated compensation as very important.

“Employers that want to attract and retain new and emerging talent need to understand the key differences in what motivates each generation,” said George Herrmann, Executive Vice President, Americas. Millennials – those ages 31 and younger – look for roles that are challenging and provide opportunities to develop new skills. “This is a smart, skilled, savvy pool of talent. Provide context, give them a voice, and look for opportunities for them to play a part in the decision-making process, rather than just assigning roles and tasks,” Herrmann said.

“Millennials also seek an organizational culture that values a healthy work/life balance, offering flexibility and choices in how and when work gets done,” said Herrmann. “A culture that promotes constructive feedback, mentoring and regular acknowledgement of contributions will help employees feel valued and fosters loyalty, which is critical to retaining skilled talent,” Herrmann stated.

E-Verify Fails to Cover Company From Immigration Raid

Feds arrest 595 suspected illegal workers of a Mississippi company in a raid that likely will add fuel to business opposition to the government verification system.

Howard Industries, a Mississippi manufacturer of electrical products, is the latest example of a company being targeted for immigration enforcement despite using a government-run employment verification system.

The incident, however, is unlikely to derail legislation to extend the program’s authorization or to affect a proposed federal regulation to make the government system, called E-Verify, mandatory for federal contractors, some say.

U.S. Immigration and Customs Enforcement arrested 595 Howard workers suspected of being illegal in an August 25 raid that likely will add fuel to smoldering opposition to the government verification system by business groups.

“Howard Industries runs every check allowed to ascertain the immigration status of all applicants for jobs,” the company said in a statement. “It is company policy that it hires only U.S. citizens and legal immigrants.”

The 595 workers were charged with identity theft and fraudulent use of Social Security numbers.

To continue reading click here.

Fourth Quarter Employment Outlook for Iowa

Below is a link to the latest Manpower Employment Outlook survey for the state of Iowa. The survey covers the larger counties in the state and should give you a pretty good feel for what hiring will look like in the state for the next three months.

Click here for the full results for the state of Iowa.

Iowa Median Wage Ranks Low in Midwest & Nation


To read the study in detail click here.

Manpower Global Employment Survey Results Third QTR 2008

Global Manpower Employment Outlook Survey Reveals Employers in 25 of 33 Countries and Territories Surveyed Set to Slow Hiring From Three Months Ago

Outlooks remain relatively stable in France and Germany while job prospects expected to weaken from three months ago in the U.S. and U.K.

To learn more about the survey and to get compiled and individual country information click here.

Nearly Half of Workers Living Paycheck to Paycheck

Nearly half of workers (47 percent) say they always or usually live paycheck to paycheck just to make ends meet, up from 43 percent in 2007, according to a nationwide survey of more than 7,192 workers by CareerBuilder.com.

One-in-five (21 percent) workers with salaries of $100,000 or more report they, too, live paycheck to paycheck.

The struggle from pay period to pay period makes planning for the future difficult. A quarter of workers say they don’t put any money aside for savings each month. Of those who do save, 34 percent of workers set aside less than $100 a month for savings, and 18 percent save $50 or less.

Additionally, a third of workers say they do not participate in any programs such as 401(k)s, IRAs or retirement plans. One in 10 workers making more than $100,000 report putting no money into savings each month or participating in a 401(k), IRA or comparable retirement plan.

Four in 10 (42 percent) workers say they would need up to an additional $500 per paycheck to live comfortably. Fourteen percent say they have to work more than one job to keep up with monthly expenses.

Comparing gender, more female workers (54 percent) say they always or usually live paycheck to paycheck, compared to males (41 percent). More men (77 percent) than woman (72 percent) say they save some portion of their paycheck each month, while 70 percent of women claim to have a set budget, compared to 61 percent of men.

“Nearly two-thirds of workers say they have a set budget each pay period, although 19 percent admit to typically going over it,” said Rosemary Haefner, vice president of human resources for CareerBuilder.com.

“Just like in business, going over a budget can have negative consequences on the bottom line. Workers who are facing challenges in this area may want to re-evaluate where their funds are being allocated so they can identify opportunities to reprioritize, recoup savings and lighten their financial burden.”

Haefner offers the following tips for putting extra cash in your pocket:

  • Consider meeting with a financial planner. Having a certified outside pair of eyes looking at your financial situation may unlock additional areas for savings.
  • Take advantage of all the benefits offered to you. More companies are offering flexible spending accounts, wellness benefits, company discounts, etc. Talk to your HR department and see what is available to help save money on your monthly expenses.
  • Look at your commute. Workers say one of the biggest money drains on them each month is their car. With gas prices high and the exuberant cost of parking your car in the city, it may be time to look into alternative modes of transportation.
  • Could your paycheck be bigger? Sixty-four percent of hiring managers expect to provide an increase in salaries for full-time permanent employees in the third quarter. Now may be the time to approach your boss and negotiate a higher salary.

The Phony Jobs Report

TrimTabs employment analysis, which uses real-time daily income tax deposits from all U.S. taxpayers to compute employment growth, finds that the U.S. economy added 92,000 jobs in August. Meanwhile, the Bureau of Labor Statistics (BLS) reported Friday that the U.S. economy lost 84,000 jobs in August.

We believe the BLS estimates are wrong. Due to its flawed methodology, the BLS is missing the current pop in employment caused by the rapid decline in crude oil prices. The sectors of the economy that are still hiring are government, education and health care and companies that export goods and services.

The uptick in employment this past month does not mean that the U.S. economy has hit bottom and is exiting the current downturn. In all likelihood, last month’s positive employment growth will disappear as corporations respond to declining consumption cash due to the lack of home equity, tough credit conditions and high energy prices.

To continue reading click here.

Gen Y Likes Face to Face Meetings

Techno-savvy Generation Yers still favor face-to-face meetings at work, despite their heavy dependence on email and mobile phone services, according to a national study. Of the 20-to-25-year-olds surveyed, 64 per cent said email played a critical role in their work.

Fifty-six per cent found phone communication to be important and 69 per cent said SMS text messaging had no useful role. The survey, conducted by independent consulting firm AH Revelations, found Generation Y workers value interactive bosses and colleagues who can give them honest feedback.

AH Revelations executive director Avril Henry said feed back was crucial in helping them gain more experience, fair remuneration and leadership skills. Henry said face-to-face meetings enabled Gen Yers to understand others’ personal emotions and feelings towards work projects, and achieve more productivity.

She said they felt email and mobile phones were more useful at the university and for socializing with friends outside of the workplace, as their bosses were not as familiar with the technology. Gen Y workers were willing to be ‘‘extremely loyal’’ to bosses who were more interactive and expressed how important their contribution was to the teamwork environment. But Gen Y was not willing to sacrifice starting a family for work.

Friday Funnies: Someone Who Doesn’t Want to Work

Gen Y – The Same in Every Culture?

Human resource practitioners need to adopt a different approach to attract and retain Generation Y workers, said the Singapore Human Resources Institute.

According to its recent survey, 7 in 10 Generation Y workers aged between 19 and 30 think it is normal to job-hop, and they also want instant recognition for their work.

But this poses a problem for human resource practitioners.

“If we are not able to meet their expectations in that area, they may not feel committed to the position or to the company… and so they may leave after some years. That is something we need to tackle,” said Joanne Lim, a HR practitioner.

The survey also revealed that Generation Y workers prefer younger supervisors who are aged 40 and below, and they expect them to be open minded, understanding and easy to get along with.

“If employers can better understand this group of people with regards to their value system, the way they would like to be seen and work, the way they want to collaborate with the older generation in the workforce, then I think we can better harness ways on what this (group of) Gen Y workers can bring to the business,” said David Ang, executive director of the Singapore Human Resources Institute.

The institute said companies should review their existing HR practices and adopt more flexible policies for this group of workers.

The 10 Worst Job Tips Ever

Nearly every day, someone sends me a bit of astounding job-search advice from a blog or a newsletter. Some of this advice seems to come directly from the planet X-19, and some of it seems to have been made up on the spot. Here are 10 of my favorite pieces of atrocious job-search advice, for you to read and ignore at all costs:

1. DON’T WRAP IT UP

The Summary or Objective at the top of your résumé is the wrap-up; It tells the reader, “This person knows who s/he is, what s/he’s done, and why it matters.” Your Summary shows off your writing skills, shows that you know what’s salient in your background, and puts a point on the arrow of your résumé. Don’t skip it, no matter who tells you it’s not necessary or important.

2. TELL US EVERYTHING

Another piece of horrendous job search advice tells job-seekers to share as much information as possible. A post-millennium résumé uses up two pages, maximum, when it’s printed. (Academic CVs are another story.) Editing is a business skill, after all—just tell us what’s most noteworthy in your long list of impressive feats.

To read the other eight tips click here.

Crowd Clout the New Internet Buying Sensation

Live Group Purchasing

If you have never heard of this concept you need to know all about crowd clout and especially the team-purchase phenomenon, which involves strangers organizing themselves around a specific product or service. Think electronics, home furnishings, cars and so on. These like-minded shoppers then meet up in real-world stores and showrooms on a coordinated date and time, literally mobbing the seller, negotiating a group discount on the spot. Popular Chinese sites that are enabling the crowds to first group online, then plan for real world shopmobbing, are TeamBuy, Taobao and Liba. Combined, these sites now boast hundreds of thousands of registered members, making money from ads and/or commissions from suppliers who are happy to have the mobs choose their store over a competitor’s.

Do you think this would fly in America?

A Visual of the Employment Slump

Original Source: Business Week

Thx for the Iview! I Wud ♥ to Work 4 U!! ;)

Today’s applicants, fresh from the Facebook, MySpace, and incessant texting world of Gen Y, are scoring few points with recruiters from earlier generations, according to a recent survey. However, the applicants say that recruiters are guilty of etiquette breaches, also.

The survey, conducted by Vault, a career information website, showcased some fascinating statistics about interviewee behavior, but it also turned the tables and asked related questions about interviewer behavior. Here are some of the highlights:

Promptness for the Interview

Question for Recruiters: How late to the interview would a job candidate have to be for you to disqualify him or her from contention?
Survey respondents (105 hiring managers) answered:
5 minutes    12%
10 minutes    19%
15 minutes    30%
20 minutes    13%
30 minutes    17%
1 hour plus    9%

Question for Applicants: Have you ever been late to a job interview? If so, how late?
Of surveyed applicants (1,647 employees) 76% report that they have never been late, and another 18% were up to 15 minutes late, and 6%admitted to being 20 or more minutes late.

Behavior During the Interview

Question for Recruiters: Has a job candidate ever answered a call on his or her cell phone during an interview with you?
Yes, responded 26% of participants in the survey.

Would you disqualify the candidate from contention for taking a cell phone call during the interview?
A whopping 68% of respondents said yes.

Questions for Applicants: Have you ever taken a cell phone call while in a job interview?
Yes, admitted 5%.

Has the person interviewing you ever taken a call during the interview?
Yes, say 56 percent of applicants!

Questions for Recruiters: Has a job candidate ever brought a child to the interview?
Yes, say 19%.
Has a job candidate ever dressed inappropriately for an interview?

Yes, say a surprising 87% of respondents.
Has a job candidate ever used profanity during an interview?
Yes, say 43%.

Thank-You Notes

Questions for Recruiters: How important is it for a job candidate to send a thank-you note after the interview?
Not important at all    20%
Somewhat important    41%
Extremely important    39%

How often do you receive thank-you notes?
Hardly ever    3%
Rarely    32%
About half the time    33%
Most of the time    23%
Almost all of the time    9%

Would you reject a candidate for not sending a thank-you note?
Only 5% say yes, they would reject a candidate who did not send a note.

Question for Applicants: How often do you send thank-you notes after job interviews?
Hardly ever    11%
Rarely    8%
About half the time    9%
Most of the time    17%
Almost all of the time    55%

Question for Recruiters: Is it acceptable to send a thank you note via e-mail?
Interestingly, 98% say yes, e-mail is the norm these days.

Question for Applicants: Do you send thank you notes via e-mail?
No, I send a snail mail note, say 24% or respondents, while 76% say yes, e-mail is the norm.

Original Source: HR Daily Advisor

CEO Compensation on the Rise

Equilar, the market leader for executive and director compensation benchmarking solutions, today published its latest issue of Executive Compensation Trends. This month’s issue includes studies on CEO accumulated wealth and pay for Non-Executive Chairs and Lead Directors. Key findings for both analyzes, which cover Fortune 500 companies, are presented below:

CEO Accumulated Wealth

* From 2006 to 2007, the median value of total stock holdings and accumulated retirement benefits for Fortune 500 CEOs increased by 6.1 percent, rising from $53.4 million to $56.7 million. These amounts include pension benefits, deferred compensation, outstanding option awards, unvested stock awards, and shares owned outright.

* According to a review of Compensation Discussion and Analysis (CD&A) reports at Fortune 500 companies, the prevalence of companies that considered accumulated wealth when determining executive pay levels increased from 8.4 percent in 2006 to 14.5 percent in 2007.

Pay Trends for Key Board Leadership Positions

* Median total board-level compensation for Non-Executive Chairs at Fortune 500 companies increased from $258,500 in 2006 to $264,000 in 2007. For Lead Directors, median total compensation increased from $174,843 to $189,413 over the same period.

* From 2006 to 2007, the prevalence of Fortune 500 companies with independent Board leadership positions grew from 78.4 percent to 80.9 percent.

* In 2007, 71.7 percent of Non-Executive Chairs and 45.8 percent of Lead Directors at Fortune 500 companies received a pay premium over regular Board members not holding a leadership role.