Two For Tuesday: Old and Young

We are back with another Two For Tuesday with advice for the old and the young:

-This Atlanta Business Chronicle article talks about a Watson Wyatt survey which says that older workers are worrying even more about retirement. This makes sense with 401(k)s low in value, pensions being cut or greatly diminished, and other investments (stock portfolio, home value, etc.) very low in value. Sadly, many can't retire at this point due to this.

-Next from the Charlotte Observer, advice to students and Human Resources that summer is a great time for students to make their mark. I loved all my internships and they were a great way for me to get some really good experience. But I understood it is what you make of it and did my best to make it the most valuable summer it could be.

The Financial World and the Job Market

It'll be interesting to see the fallout in the job market from the current financial crisis, but some effects are already seen...

The first article is from the New Jersey Law Journal and probably won't work for most of you...but the important part is just to read the title and then find a way to get your hands on the article: Pru Appeals in Suit Charging it Paid Off Plaintiffs' Lawyers: click here

Next, an interesting lesson from Yahoo! News via the AP on what can happen with mergers/takeovers and job layoffs as HP surprises Wall Street in this article: click here

(H/T to Wendy for those)

The Wall Street Journal (with a nice, new look) continues with an article sure to cause a little head scratching to most of America...the Executive job market is still healthy: click here and a video here

Next from the Journal is a very interesting article about trying to get Fannie Mae's and Freddie Mac's employees to stay as the mortgage giants go through some difficult times: click here

Going quickly to the Boston Globe's, Boston.com Monster.com HiringHub HR Center HR Blog, word that this isn't your father's job fairs--something new is in the air: click here

Lastly, in an article form the Journal, we learn that GMAT scores are being canceled...a lesson to employers that sometimes test scores aren't really all that reliable: click here

We've also added a great new feed from the WSJ on our right: click here

Layoff Instructions

With massive layoffs hitting all around the financial world (with Wachovia the latest victim yesterday) and trickling down through the rest of the economy, the Wall Street Journal provided instructions on how to deal with being laid off: click here

The New York Daily News provides some instructions on saving your job when your company is bought out: click here

Next, an old article from HR.com says beware of provisions in stock options because laying someone off may vest them: click here

From the Six-Figure Learnings blog, the "Worse Than Enron Sweepstakes": click here

And lastly, from the Recruiter Review, a title that has a lot of people getting scared about their jobs and the job market "More Job Losses": click here

Dissecting the Current News

Sometimes it's best to just dig into the current events and find out how it applies to Human Resources...so we'll get right to that..

First, the economy. A topic that should be the hot-button of the presidential race, especially if this downturn (read: recession) in the market continues, took another turn with today's job numbers, as reported by Bloomberg: click here

This is going to have a ripple effect on the entire economy. As people continue to foreclose on homes and pay higher prices for gas, one thing they certainly cannot afford is to be out of work. This will lead a lot more people to switch out of industries such as housing which are in a lull right now and cause even more competition in other fields. This, combined with a class of '08 graduation will create even more turmoil in the economy. So while we may not be predicting the next Great Depression...let's just say: hold on to your seats.

This next story from the New York Times has HIPAA violations written all over it: click here

HR Professionals should definitely check in with their health insurance plans to make sure that their employee's information is not leaking out to the world or they will have to start lining up at the courthouse for lawsuits

Lastly, in a story that doesn't seem to go away, sexual harassment in the workplace is not necessarily confined to just the traditional workplace. As People Magazine reports, this Rob Lowe story isn't going to end anytime soon with accusations and counter-accusations and claims of abuse and extortion: click here

The lesson to be learned here for HR is that even if you don't have a traditional workspace, there may still be sexual harassment issues and a proactive approach is always the best way...

Oops

Not sure if this video will make you laugh as well...but wow was Jim Kramer wrong...