May 7, 2010

HR Fact Friday: US Added 290,000 Jobs in April

Filed under: Hiring & Jobs — Tags: , , , , — Paul @ 7:25 am

The American economy added an unexpectedly strong 290,000 jobs in April, while the unemployment rate rose to 9.9 percent, the government said Friday.

Analysts had expected a gain of about 190,000 in the month.

With revisions on Friday, April was the fourth consecutive month that the economy added workers (a revised 230,000 jobs were added in March, instead of 162,000), the job market still has a long way to go before it can be counted on to provide a base for a sustained economic recovery. More than 15.3 million were unemployed last month.

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December 23, 2009

HR Fact Friday: Congress Approves COBRA Premium Subsidy Extension

Filed under: General HR Buzz — Tags: , , , , , , — Paul @ 8:31 am

The U.S. government gave thousands of unemployed workers an early Christmas gift when the Senate, in a rare session Saturday, December 19, approved a military spending bill that would extend federal COBRA health insurance premium subsidies for the unemployed.

H.R. 3326, which the House approved this week, cleared the Senate on an 88-10 vote.

President Barack Obama signed the bill Monday, December 21. 

The bill would extend the nine-month, 65 percent premium federal subsidy by six months. The change would apply to those who are involuntarily terminated through February 28, 2010.

Under current law, employees who lose their jobs after December 31 are ineligible for the subsidy.

The legislation also would provide another six months of subsidized coverage for beneficiaries whose nine-month COBRA premium subsidy has run out.

In addition, the legislation would give beneficiaries whose subsidy expired and who didn’t pay the full premium the opportunity to receive retroactive coverage. For example, a beneficiary whose nine months of subsidized coverage ran out November 30 and who didn’t pay the unsubsidized premium for December could pay his or her 35 percent share in January and receive COBRA coverage for December.

The legislation would require employers to notify current and future COBRA beneficiaries of the new 15-month premium subsidy.

The fate of the legislation has been followed closely by terminated workers—eager to know whether the subsidy will be extended—as well as employers who need to tell beneficiaries the COBRA premium they should pay.

The legislation makes clear that employers can offset future COBRA premiums or issue refund checks for beneficiaries who overpaid their COBRA premium. That could happen if a beneficiary whose subsidy ran out in November paid the full premium rather than the 35 percent share in December.

Source: workforce.com, Jerry Geisel

p.s. Yes I know today is not Friday . . . because Christmas Day is on Friday I am posting this a bit early. Merry Christmas! PH

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September 8, 2009

Women Gain as Men Lose Jobs

Filed under: Hiring & Jobs — Tags: , , , , , , — Paul @ 7:51 am

Source: USA TODAY, 9/4/2009, Dennis Cauchon

Women are on the verge of outnumbering men in the workforce for the first time, a historic reversal caused by long-term changes in women’s roles and massive job losses for men during this recession.

Women held 49.83% of the nation’s 132 million jobs in June and they’re gaining the vast majority of jobs in the few sectors of the economy that are growing, according to the most recent numbers available from the Bureau of Labor Statistics.

That’s a record high for a measure that’s been growing steadily for decades and accelerating during the recession. At the current pace, women will become a majority of workers in October or November. The data for July will be released Friday.

The change reflects the growing importance of women as wage earners, but it doesn’t show full equality. On average, women work fewer hours than men, hold more part-time jobs and earn 77% of what men make. Men also still dominate higher-paying executive ranks.

Women have been a growing share of the once heavily male labor force for nearly a century, recording big bumps during epochal events such as the Depression and World War II.

This time, the boost came from a severe recession that has been brutal on male-dominated professions such as construction and manufacturing.

Through June, men have lost 74% of the 6.4 million jobs erased since the recession began in December 2007. Men have lost more than 3 million jobs in construction and manufacturing alone.

The only parts of the economy still growing — health care, education and government — have traditionally hired mostly women. That dominance has increased in part because federal stimulus funding directed money to education, health care and state and local governments.

The Postal Service is cutting tens of thousands of unionized, blue-collar jobs dominated by men while new hires are expanding in teaching and other fields dominated by college-educated women.

The gender transformation is especially remarkable in local government’s 14.6 million-person workforce. Cities, schools, water authorities and other local jurisdictions have cut 86,000 men from payrolls during the recession — while adding 167,000 women, according to the Bureau of Labor Statistics.

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August 14, 2009

HR Fact Friday: Americans Working Much Harder – For Less Pay

Source: Reposted from an online article by John W. Schoen, Senior Producer, msnbc.com, 8/11/09

Feel like you’re working a lot harder these days, putting in longer hours for the same pay — or even less? The latest round of government data on worker productivity indicates that you probably are.

The Labor Department said Tuesday that the American work force produced, at an annual rate, 6.4 percent more of the goods they made and services they provided in the second quarter of this year compared to a year ago. At the same time, “unit labor costs” — the amount employers paid for all that extra work — fell by 5.8 percent. The jump in productivity was higher than expected; the cut in labor costs more than double expectations. 

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May 22, 2009

HR Fact Friday: Job ‘Angels’ Look After Victims Of Downturn

Filed under: Hiring & Jobs — Tags: , , , — Paul @ 3:02 pm

The grass-roots movement, which is growing quickly on Twitter, Facebook and LinkedIn, promises to give a boost not only to out-of-work individuals but also companies eager to do more with less, says Dan Kilgore, a recruiting consultant with Riviera Advisors who has watched the JobAngels momentum build. Kilgore has noticed professional recruiters becoming Angels, which means corporations should find job openings easier to fill.

Companies “now have free agents working on their behalf,” he says.
JobAngels dates to January, when Washington-based HR consultant Mark Stelzner suggested that each of the 700 people following him on micro-blogging site Twitter help just one person find a job.

“The response was immediate and overwhelmingly positive,” Stelzner said in a blog post. He proposed the name JobAngels and the group began to take off.

In early April, the JobAngels Twitter site had more than 6,200 followers. JobAngels also has a presence on social networking sites Facebook and LinkedIn.

It’s unclear how many jobs have been landed thanks to Angels, says Deirdre Honner, a JobAngels leader. But Honner, who also is associate director of human resources at Calvin College in Grand Rapids, Michigan, can cite anecdotes of success, including the case of a person she helped get a job at Ohio State University.

It’s hard to help people find work today. The U.S. unemployment rate rose to 8.5 percent in March, the highest level since 1983. The number of job openings in February was 3 million, down nearly 30 percent from a year earlier.

Still, the volunteer leaders of JobAngels are pushing forward. A Web site is in the works that will provide various resources, such as a service to match job seekers with Angels in particular geographies and fields.

But just as Clarence stuck with the troubled Jimmy Stewart, Honner says JobAngels isn’t going to disappear.

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Source: Reprinted from www.workforce.com 5/7/2009  Ed Fraunheim.

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February 19, 2009

COBRA Subsidy: Requires Immediate Action!!

Filed under: COBRA — Tags: , , , , — Jane @ 6:00 am

The American Recovery and Reinvestment Act of 2009, signed on February 17th, (the massive federal“stimulus” legislation) includes an important provision that affects most employers and requires immediate attention.  The new law will provide for a 65% monthly COBRA premium subsidy for most employees who were involuntarily terminated between September 1, 2008 and December 31, 2009. While the intent of the law is to assist employees who were terminated in reductions in force, it appears that nearly all involuntarily terminated employees and their dependents (qualified “assistance eligible individuals”) may qualify for the subsidy.  The subsidy may extend up to 9 months and applies to medical, vision and dental benefits.  It applies to nearly all employers with group health plans, regardless of whether they are subject to COBRA’s continuation rules. That includes private and government employers subject to COBRA and some smaller employers that may be subject to state “mini-COBRA” laws.  “Assistance eligible individuals”  are qualified for subsidy payments effective at the first period of coverage, beginning on or after the bill was signed into law (February 17th).   Practically, for most employers, that date is March 1st . 

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January 9, 2009

HR Fact Friday: CEO Salaries in for Rough Year

Filed under: Salaries & Pay — Tags: , , , — Paul @ 11:57 am

There may be one common sense result from the current economic downturn and resulting unemployment and fiscal belt tightening.  After rising unchecked for years, CEO pay may be headed for a fall.

Compensation experts say the severe economic downturn, a shift in the political winds and shareholder outrage could finally combine to pressure companies to limit raises or, in some cases, even cut executive salaries.

That has occurred a few times already. Last month, Motorola Inc., facing drastic cost cuts, announced that its co-CEOs, Gregory Brown and Sanjay Jha, had agreed to take 25% reductions in 2009 salary. Caterpillar Inc. recently said its executives, including CEO Jim Owens, could see their total compensation decline by as much as 50% next year because of cuts in incentive pay. Both companies cut rank-and-file compensation as well.

Reducing executive pay has a minor impact on profits, but it helps companies avoid the perception that CEOs don’t suffer along with employees and shareholders.

It’s anybody’s guess who might join executives at Motorola and Caterpillar in having their wallets lightened. Candidates could include UAL Corp. CEO Glenn Tilton and Boeing Co. chief James McNerney.

Both companies face job cuts, and both men rank among the highest-paid CEOs in Chicago. United Airlines pilots, who are facing the loss of 950 jobs, have called for the ouster of Tilton and say he should at least take a pay cut.

A UAL spokeswoman said the company’s executive pay “is market-based and on par with other comparably sized companies.”

This year, compensation experts expect changes in federal law to impose so-called “say on pay” measures universally. The legislation likely will be introduced in the House early this year, two years after Congress last voted it down. The sponsor of the failed 2007 bill: then-Sen. Barack Obama.

Source:  John Pletz of Crain’s Chicago Business, a sister publication of Workforce Management.

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October 17, 2008

HR Fact Friday: Who’s Lying On Their Resume?

Filed under: Hiring & Jobs — Tags: , , , — Paul @ 10:25 am

It’s no secret. The daily news is sobering. The U.S. economy is in recession.  A terrible by-product of the poor economy is job losses and rising unemployment. Competition for jobs that are available is fierce. This may lead some to stretch the truth on their resume to appear more qualified and get called in for an interview. My advice . . . don’t do it.  The risks outweigh the benefits. And does lying really give you an edge?
 

The numbers are sobering, especially if you are a hiring manager or HR staffing professional. Depending on what source you reference, anywhere between a third to half of applicant resumes are not truthful and above board. According to a survey by CareerBuilder.com conducted in 2006, over half of HR managers said they had flagged a lie on an applicant’s resume either during the interview or upon verifying information. Not surprisingly, 93 percent of those caught were not hired. ADP Screening and Selection Services, a unit of the Roseland, N.J.-based ADP payroll and benefits managing company, says that in performing 2.6 million background checks in 2001, it found that 44 percent of applicants lied about their work histories, 41 percent lied about their education, and 23 percent falsified credentials or licenses.
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