First Comment

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!

It's a mega link week here at Astron's World of HR blog.

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.

Sorry it's been a few days since I posted but I've been busy celebrating my birthday and such... ;)

Well I'm back with some good articles:

First, from the New York Times, an interesting look into the fact that a college degree can't close the racial gap and how some candidates try to scrub their resume for anything that gives away race to a potential employer. As far as we think we've come in this country (Black President, major women candidates, etc.), we still have a long way to go in some respects.

SmartMoney asks if Wall Street is in hiring mode? Forbes answers by saying that while the economy is recovering meaning layoffs have slowed, hiring hasn't exactly started up at a large pace yet (it's also a tough time of year to hire). New York Magazine says (maybe tongue-in-cheek) that this is proof President Obama's job summit is already working.

Have a great weekend! Many more links next week!

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

If you're thinking of banning social networking from your company, you may be making a very costly mistake according to employee evolution: click here

If you're thinking of skipping those MBA recruiting sessions, you should read this Wall Street Journal article about more and more people who are doing just that: click here

If you're getting ready to retire, you should read this Journal article about planning your exit strategy: click here

If you're worried about whether you need to have a required lunch break, read this Q&A from the Human Resource blog: click here

If you're wondering the best way to leveraging talent into your company's competitive advantage, read this book review from the HR Practitioner: click here

If you're trying to figure out what the role of Human Resources should be in employer branding, read this PUREcommunications article: click here

And if you're looking for an HR job, who are we to ignore social networking after we talked about it's importance, so here's a LiveJournal entry on a website for HR jobs: click here

Greetings from Richmond, VA...

Livemint.com (from the Wall Street Journal) tells us what Facebook has to do with Human Resources: click here

HR Marketer Blog has some information on how Google rocks and the rolling of HR professionals and suppliers into one community: click here

Lastly, this Human Resources blog says that no matter what media is out there, Human Resources is about the people: click here

We got some great articles today from the Wall Street Journal as we again go from Wall Street to Main Street

First, an article about a new type of downsizing occurring, further obscuring the precarious job hunt--either by the combination of junior and senior positions in a job description and giving it a junior pay or by hiring new senior level employees but also giving them the work that was once done by their subordinates: click here

This is a tricky tightrope for Human Resources to walk...you don't want to be seen as "tricking" someone (as the article seems to suggest).

Next, the Relocation Blues from the Journal's "90 Days" column tells you how to cope with forced relocation (or, as HR, a nice way you can provide suggestions and work along your employees when this occurs for them): click here

Also from the Journal's Career Journal column "Pay Grade", tackling sustainability-related projects: click here

Lastly, from the Johns Hopkins University Gazette, rethinking the future of HR: click here

Riding the train this morning I happened to peek at a fellow passenger's Wall Street Journal and spied upon some great articles...

First, a front page article on layoffs...if you hear rumors they may be coming, here's some advice on what to do: click here

And with this advice, some thoughts should emerge for HR professionals on how to handle those types of situations. One of my friends worked for a large fashion company that had been rumored to be on the brink of bankruptcy. One of the actions taken by the company's management--that shocked him and others--was to fire one employee whose only misstep was talking about the rumors going around about the company. They said he was a poison to the company and got rid of him. A few days later, the company filed for bankruptcy and a lot more employees went. But if the company had not filed, that sole decision would have been viewed as a warning (whether right or wrong) to other employees who would think about discussing the rumors among themselves at work...

The Career Journal then gives some advice for those pushed to part-time work--make the most of it: click here

Next, a topic we've talked about in the past on this blog, workplace bullying takes center stage again as they reference a recent United States court case: click here

Lastly, an interesting article about summer jobs--selling knives--positioned with a great title: click here


Enjoy!