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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

Staycation

It's certainly a buzzword according to the New York Times (click here) and, well, the Washington Post has been using it since 2005 (click here)...but what does it mean?

The Washington Times has some answers here (click here), but the Orlando Business Journal just reported that fewer than 1 in 10 Americans actually plan staycations (click here)

It's one way of offsetting the high gas prices, and the Arizona Republic has some other ways that employers can help in that process: click here

And, lastly, Thomson Reuters came out with some job data today which says that the job market is softening like the polar ice caps (they left out the part about the polar ice caps, however): click here

:)

The Complaint Department

Somebody's got a case of the Mondays!

Here's a list of seven employee complaints for this Monday:

1) Your employer is watching over you...even as you work at home (an article about telecommuting surveillance from the Wall Street Journal's Career Journal): click here

2) Your former employer is delighting in your layoff (well this Workforce Management article says that if they do, they're going to hell -- Management hell): click here

3) Your former employer is suing you (this may turn out really, really poorly according to the Laconic Law Blog): click here

4) My employer is making me copy on both sides of the paper among other money-saving operations (Fistful of Talent talks about Budweiser's integration into InBev...a good article also about combining cultures in company's and HR's responsibility in that): click here

5) The superstar employee on my team is getting $20-$25 million in severance (while this is probably not your company, this article is an interesting view on the Brett Favre situation in Green Bay from the HR Capitalist and how they blow the term "Golden Parachute" totally out of the water): click here

6) My young co-workers are hopping from job to job and making more money than me (Perfect Labor Storm 2.0 has an article confirming job hopping among Gen Y/The Millenials): click here

7) I just have lots of complaints (well About.com's Human Resources blog compiled a list of the top ten employee complaints): click here
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