First Comment

Yesterday President Barack Obama pushed 20 CEOs to "start investing in job creating enterprises." According to the Wall Street Journal, though, "nearly half of the executives [in a quarterly survey by the Business Roundtable]—45%—expected to hire within the next six months, compared with 31% who said that last quarter." As the article says, US businesses are sitting on $2 trillion in cash. Although slack demand is adding to their reluctance, hopefully a new year means new jobs appearing in the market.

In good news this morning, Bloomberg is reporting that jobless claims in the US unexpectedly fell to 420,000 last week. The bad news, though: "the total number of people receiving unemployment insurance and those getting extended payments rose." So what does that mean for hiring in the new year? "Fewer firings signal employers may be gearing up to add to their payrolls and help reduce a jobless rate hovering near a 26-year high. While the economy is gaining momentum heading into 2011, Federal Reserve policy makers said this week it isn’t strong enough to reduce unemployment."

And if you decide to look for one of those jobs in the new year, Simply Hired Blog has the best 50 careers of 2011 (H/T Wendy).

Some Friday links before you start your weekend.

From the New York Times via MSNBC, come word that Wall Street is starting to anticipate a recovery--and hiring has started with it. This is not news Main Street wants to hear about Wall Street:

The increase in hiring and cautious optimism stand in sharp contrast to the mood among workers in other fields, where jobs have been slow to return or are disappearing altogether. Since June 2008 the number of jobs has shrunk by nearly 14 percent in manufacturing and by 22 percent in construction, but only by 8.5 percent in the financial industry nationwide.

It is also the opposite of what is going in other highly paid, white-collar professions like law, where employment nationwide in June was the lowest since late 2001, according to data from the Bureau of Labor Statistics.

The financial work force in New York has shrunk by more than 28,000 since its peak in January 2008, but is still slightly above its level in 2003 after the tech bubble burst, meaning it actually weathered this recession — the worst since the Depression — better than the previous one. Nationally, staffing is back to where it was in late 2005, while employment in the overall economy is near 2004 levels.

Next, Monster has some advice about being smart about vacation time. The big advice they give is to be aware of your benefits, prepare before you go, and to have set rules about contact while you're gone.

Next from Yahoo! News comes a list of how much employees get paid in the Obama White House (who have even cut 3.5% of their workforce)

Lastly, from ExecuNet, we have Chris Rock's Guide to Job Search (H/T Wendy)

Enjoy, stay cool and have a great weekend!

We're reading all the articles so you don't have to...

-BizTimes talks about Human Resources filling the gap with interim executives

-Vault has job descriptions. They're not as good as the ones we do at Astron Solutions.

-WebProNews says that Yahoo! is putting a new spin on the recruiting process by launching pay-per-candidate for their Yahoo! HotJobs

-Workforce Management talks about how an economic crisis is creating an opportunity for the Society for Human Resource Management (SHRM). "As companies slash payrolls and tighten their belts in other ways that squeeze employees, the association is trying to make itself indispensable to HR professionals."

-Lastly, the Chicago Sun-Times talks about President Barack Obama being pressed on healthcare during his ABC special by an Human Resources executive:

One questioner -- Marisa Milton, vice president of health care policy for the HR Policy Association, a public policy advocate for human resource executives -- said that "other industrialized nations provide coverage for all their residents" with "high quality care" without spending more money.

"A lot of those countries employ a different system than we do," the president said. "Almost all of them have what would be considered a single-payer system in which the government operates what is essentially a Medicare for all."

The president said he didn't think it wise to attempt to "completely change our system root and branch" since health care is one-sixth of the U.S. economy. It "would be hugely disruptive," he said, arguing that citizens would be forced to change their doctors and insurance plans "in a way I'm not prepared to go."

End-of-life issues were raised as well; right now it is estimated that nearly 30 percent of Medicare's annual $327 billion budget is spent on patients in their final year of life.

Jane Sturm told the story of her nearly 100-year-old mother, who was originally denied a pacemaker because of her age. She eventually got one, but only after seeking out another doctor.

"Outside the medical criteria," Sturm asked, "is there a consideration that can be given for a certain spirit & and quality of life?"

"I don't think that we can make judgments based on peoples' spirit," Obama said. "That would be a pretty subjective decision to be making. I think we have to have rules that say that we are going to provide good, quality care for all people.

"We're not going to solve every single one of these very difficult decisions at end of life," he said. "Ultimately that's going to be between physicians and patients."

Astron Solutions has partnered with Bond Schoeneck & King, PLLC, to present "Can Your Compensation System Weather the (Hurricane) Winds of Change From the Obama Administration?" We'll be presenting the program through the state of New York in late March and early April.

You can learn more about the Long Island and New York City programs by visiting http://astronsolutions.com/general/BSKBriefing.pdf.

You can learn more about the upstate New York programs by visiting http://astronsolutions.com/general/BSKBriefingMarch.pdf.

The lead speakers at all programs include Astron's own Michael Maciekowich, and BSK's Lou DiLorenzo.

We hope to see you there!

Ryan Johnson's WorldAtWork blog says that equal pay will get even more play now with the Sarah Palin nomination as VP: click here

And indeed, Barack Obama's first shot at Palin came about because of this: click here

This is not the only issue for Human Resources that's at stake here...

Questions are floating around about whether she was picked because she was a woman and where she should be at this point in her life considering her special needs toddler and her pregnant teenage daughter. Whether you fall on one side of the issue or the other, these are legitimate questions to ponder...and to relate to as a Human Resource professional.

Are there double standards here? Would a male in the same position be examined in the same spotlight? Do you/others do this at your company? And how far do you think the Democrats can go in pursuing this line of thinking? Sexism has been a hot topic of the presidential race from Hillary Clinton to Sarah Palin and the issue is far from going away. This may be a good time to think about if it exists in your own company and how to combat that. And while politics don't always reflect real life, it'll be interesting to hear all the stories that come out in support or against Palin based on personal experiences people have had with this in the workplace.

UPDATE 10:45 AM EST: Politico has caught on and is saying the Senate Democrats are going to force McCain to vote on the issue of equal pay: click here