February 9, 2011
Bernanke Weighs In, CEOs Too
Growing Optimism on the Hiring Front
The Los Angeles Times reported today that:
The Fed chief also gave a somewhat more positive assessment of the employment situation, after last Friday’s report showing the nation’s unemployment rate falling to 9% last month from 9.4% in December and 9.8% in November.
He said: “Notable declines in the unemployment rate in December and January, together with improvement in indicators of job openings and firms’ hiring plans, do provide some grounds for optimism on the employment front [1].
In spite of this week’s conflicting short term data, we should be celebrating that the U.S. unemployment rate dropped unexpectedly to a low unseen since April 2009: 9%. Better yet, numerous surveys and CEO reports are optimistic: the outlook for 2011 is to refocus on innovation, competition, and hiring [2].
Redfish Technology reports surging demand in Software as a Service and Cloud Computing as well as Solar and Clean Tech companies, “From VP of Sales in high tech positions to PV Project Engineers, (more…)
February 7, 2011
Jobless Recovery: Human Capital Utilization
 Robert Teal
For some time now, indications are that the current economic recovery, which is slowly taking place, will be a “jobless” recovery. By that it is meant that jobs lost in the downturn will not reappear or will reappear in significantly less numbers than prior to the recession. If this is the case, the recession of 2009 will be the third such jobless recovery since 1990. The first and second jobless recoveries occurred in 1991 and 2001 respectively. Prior to 1991 recession-recovery cycles resulted in as many jobs being created as were lost and in some case, excess jobs were produced. According to The Economist online, the current recovery is following the same path that the prior jobless recoveries of 1991 and 2001 took: a permanent loss of jobs.
To be perfectly clear, it is not the role of private business to create jobs. Jobs are created in the business sector only when a valid business need requires to be fulfilled. (more…)
February 4, 2011
Staffing & Employment News:
Companies Refocus on Innovation, Competition, Hiring
Despite uncertainty, companies are refocusing on innovation, and hiring to gain/keep competitive edge. CEOs and search consultants express confidence in 2011. The biggest risks remain the recession, but talent acquisition may also be a challenge.
The latest short term data is in today. Despite a smaller gain than anticipated in payrolls, the U.S. unemployment rate dropped unexpectedly to a low unseen since April 2009: 9%. Short terms data aside, the outlook for 2011 is to refocus on innovation, competition, and hiring.
The 14th Annual Global CEO Survey [1] shows that CEOs are aiming at immediate growth and a big jump in revenue growth prospects over 2011. Confidence levels are rising across the board with more companies anticipating growing their payrolls than they did in 2010. According to the survey, as hiring plans gear up, a shortage in talent is becoming more apparent; two-thirds of CEOs believe they’re facing a limited supply of skilled candidates. (more…)
February 1, 2011
Putting the “Human” in Social Media…the Increased Importance of Good Recruiting
by Shannon Tinker
Social networking and recruiting has expanded beyond our wildest dreams and offers a gazillion (roughly) free ways to connect with people. If predictions are accurate, we can expect 50% of web marketing and sales to attribute their growth to a social presence by 2015. Considering the number of free resources, it’s natural to question the need for recruiters and recruiting agencies altogether. How do you quantify recruiting and justify recruiting costs, when most everyone is visible to the googling public? Has technology and the Internet posed a threat to the recruiting world, as we know it? Or, has it made professional recruiters more valuable than ever? (more…)
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