Bringing you Human Resource news from around the globe...compliments of Astron Solutions
Thursday, February 25, 2010
Industries Hit Hardest by Job Losses and States With the Highest Taxes
Investopedia via Yahoo! Finance has an interesting look at the three industries hardest hit by job losses and the job loss market as a whole (H/T Wendy). The amazing part is that since I started working in my current role in December of 2007, unemployment has almost doubled from 7.7 million Americans to 14.8 million. To make matters worse, the article says that the number of workers unemployed for 27 weeks or longer has soared to a record 6.3 million people. And 661,000 have just dropped out of the labor market entirely. These people don't count against the unemployment rate which means that even more people are not working than the unemployment percentage shows.
The three biggest industries hit by jobs losses are construction, transportation and warehousing, and manufacturing. There are only a few industries which have seen an increase in their employment. The temporary help services industry saw a bump as well as health care and the federal government (mostly due to the upcoming census). This proves that while jobs seem to continually be disappearing, looking in the right places shows that hiring is occurring.
Our second article, from The Guardian, looks at the actual tax rates of different US states (H/T Jay). It starts with the premise that many people are complaining at California taxes but California comes in 6th at an average of 10.5% on an average per capita income of $47,706 (2008). The real problem is in the Tri-State Area. New Jersey is #1 with 11.8% on $56,116, New York is #2 with 11.7% on $55,032. Connecticut is #3 with 11.1% on $63,160, with Maryland and Hawaii rounding out the top 5 (unfortunately I get taxed by both New York and Connecticut...eek!).
Massachusetts surprised the author of the post (and me) by coming in at 23rd. The South, while a lower tax rate in many states, also has a lower average per capita income. Wyoming seems to be the best bet to keep the most of your high salary with only 7% on $53,163. Some things to think about when relocating for a job!
Picture from Select Leaders
Wednesday, February 24, 2010
Hiring Freeze Thawing and Wall Street Bonuses
First, from The Journal of Commerce, an interesting article about the hiring freeze starting thaw (H/T Wendy). The article does point, out, however that the road to recovery is just beginning and overall the U.S. job market is pretty flat (with unemployment hovering at 9%-10%). (Picture also from this article).
Next, The Wall Street Journal came out with the numbers yesterday that Wall Street bonuses were up 17% to $20.3 billion in 2009. Now, while it's not surprising that bonuses are up after last year's bonus-busting recession and the tight regulation on Wall Street bonuses, it is still disconcerting to much of Main Street that their tax dollars went to Wall Street for this. The interactive graph that accompanies the article is a good view to show how crazy the bonuses have gotten on Wall Street. You have to figure that many of these bonuses were "making up" for last year. But while most of America is dealing with unemployment, hearing that the average bonus was $124,850 and the average compensation was $340,000 has to be upsetting to many.
Tomorrow we'll get more into the job losses that we talked about as well as looking at which states tax you the most.
Tuesday, February 23, 2010
Astronology - The Electronic Workplace
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Friday, February 19, 2010
Valentine's Day in The Office and in "The Office"
While we look to the positive side of the holiday, there is always the concern about sexual harassment claims. The romantic nature of the holiday may encourage some employees to express their feelings for co-workers. Each year Vault.com runs an eye-opening study on office romance. Vault.com should be releasing the 2010 results shortly. Barbara Safani of Career Solvers also recently blogged on the prevalence of workplace romances and why people get involved with co-workers. While we can’t control everyone’s actions, as HR professionals, we need to ensure our employees know our organization’s policies regarding sexual harassment and hostile work environment to prevent legal claims.I think the key is to revert to elementary school politics to prevent problems from occurring. As Astronology suggests, after what we all went through in 2009, Valentine's Day just gives workplaces another "excuse" to bring a "small injection of fun" into the office--but it needs to be fully inclusive of everyone. Games, candy, and even cheap gift cards all seem to work. Since it's Mardi Gras time, bringing in a King Cake for your group is a fun, sweet way to celebrate. The tradition is that whoever finds the tiny plastic baby has to buy the next King Cake. This allows some fun competition between office members and allows everyone to participate in a cheap fun way.
The Astronology concludes with some great advice: "Whatever options you implement, utilize this opportunity to reach out to your employees and let them know how much they mean to your organization!"
Photograph courtesy of NBC, Byron Cohen via Poptimal.
Thursday, February 11, 2010
Greetings From New Orleans
I am amazed at how well the city looks. After Hurricaine Katrina, I expected the city to still be in a state of reconstruction, but other than the infrastructure improvements in the roads, the place looks great. Actually, it looks better than ever.
It's a good lesson to companies recovering from the recession. Although things may look bleak and no company wants to go through such tough times, it does give you a chance to rebuild certain things and start from scratch.
And when money starts coming back to the the balance sheet, invest in improving the infrastructure to make sure it's in place the next time bad times come.
If you can take one lesson from down on lively Bourbon St, that is a really good one.
-Andrew
Tuesday, February 09, 2010
Astronology - Valentine's Day: Friend or Foe of the Workplace?
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Friday, February 05, 2010
Questions (Not) To Ask During an Interview
For the candidate:
1. Don't ask about time off. If you have a vacation planned after you're supposed to start the new position, there's a time and a place about it. But don't start your relationship with a hiring manager or human resource professional by talking about how much time you won't be spending in the office
2. Be careful about how you talk about your last/current employer. There are good reasons why you want to leave your job and then there are reasons that will send up huge red flags at your new company. Don't hide anything from them that they need to know...but don't start by talking about the body odor of your current boss.
3. Don't ask any question about the company you can find out on the website. There is a fine line between being interested about a company and finding out more and being lazy and just not searching the company's website before the interview. Actually, it isn't a fine line. Do your research before you step into the office.
4. Leave something non-essential off the resume. I feel that some question will come up that's best described by something that's not essential to be on the resume, but something which will describe you well. If you were president of an organization but that was years ago, you can talk about the initiative you took to climb up the ranks without having it as one line in a resume. Also, if there's something on your resume just to pad it, it may look like you're confused about your career path and/or using a generic resume. Don't do that.
5. Don't go in without any knowledge of who you'll be speaking with. Not everyone has a bio up on the website, but if they do, give it a little study. If they don't, ask the person who sets up the interview to tell you a little bit about who you'll be interviewing with. Eventually you'll get a chance to ask a question and you don't want to be totally stumped/totally unoriginal. If you've done the research into them, it'll pay off.
For the HR Professional/Hiring Manager
1. Don't be nervous. I guarantee the person sitting across from you is 100x more nervous that you are. If you're nervous, it'll make them nervous and make for a very awkward interview. Some people hate operating in this type of setting but you need to find a way to feel comfortable doing this.
2. Force the interviewee to go off script. Basically, don't ask only generic questions. Ask them something they will have to think about for a few seconds and show some creativity/problem solving skills in thinking. Maybe talk about a problem and see how they would solve it or ask them how they feel about something in current events relating to the job (or to something else). In one of my interviews for my current role, I spent more than half the time speaking about A-Rod opting out of his contract with the Yankees. It had nothing to do with the role, but it allowed me to show how I spoke, how I solved problems and my creative side. But most importantly, it forced me to go off script.
3. Read the resume before the interview. I've had way too many interviews where I could tell the person interviewing me had no clue anything about me. If you're expecting the candidate to be prepared and do research on the company, you should provide the same courtesy and do the minimal amount of research required to read their resume. It can also help you frame questions for #2.
4. Keep the interview moving. You're like the producer of a radio show. If the host or callers get off topic for too long, you're job is to move it along to the next step. Don't cut anyone off, but you can't allow an interviewer to just ramble. Part of any job is fitting what you need to say within a timeframe and this is great practice for it. Also, you don't want the interviewee veering into too many personal details, so keep it on track.
5. Know what the position requires. This seems like it should be above for "candidates" but I think this is just as important for interviewers. I had an interview where the job description, HR representative and hiring manager all gave me a different shpeel about what the position required. There's no easier way to confuse a candidate than not being all on the same page. I was asked about certain licenses that had nothing to do with the job and the HR rep thought I was wholly unqualified by the time she got done speaking with me, when, in fact, I had all the requirements listed on the job description. It's not considerate to the person being interviewed.
Hope those are some good hints. I figured it was a few non-obvious Dos and Do Nots for the interviewer and the interviewee.
Monday, February 01, 2010
The Onion Takes On Job Performance Reviews
Obama To Hold Job Performance Review With Every American Worker