Sequestration Far Worse Than March Madness for Job Numbers

U.S. House of Representatives Speaker John Boehner

With the first round of the 2013 NCAA Division 1 men’s basketball championship tournament set to tip off next week, the nation’s employers should be readying themselves for the inevitable drop in productivity that coincides.  One new survey found that nearly one-third of workers spend at least three hours per day following the Tournament during work hours.

In the annual “study” hated by working basketball fans everywhere, global outplacement firm Challenger, Gray & Christmas, Inc., estimates that March Madness will cost American companies at least $134 million in “lost wages” over the first two days of the Tournament, as an estimated 3.0 million employees spend one to three hours following the basketball games instead of working.

“At the end of the day, March Madness will not even register as a blip in the overall economy.  Sequestration is going to have a far bigger impact.  Will March Madness even have an effect on a company’s bottom line?  Not at all,” said John A. Challenger, chief executive officer of Challenger, Gray & Christmas. Continue Reading

97% of Employers Have No Plans to Eliminate Telecommuting a la Yahoo! and Best Buy

Marissa Mayer of Yahoo!

When big box retailer Best Buy followed in the footsteps of Yahoo! Inc. by altering its telecommuting policies for employees, some undoubtedly concluded that there would soon be a flood of companies doing the same.  However, a new survey indicates that Best Buy may be in the minority, with the overwhelming percentage of companies planning to maintain their telecommuting policies.

According to the survey, 80 percent of the 120 human resources executives polled said their companies currently offer some form of telecommuting option to employees with 97 percent of them saying there are no plans to eliminate that benefit. 

The survey was conducted by global outplacement and executive coaching firm Challenger, Gray & Christmas, Inc. in the days following Yahoo’s widely reported and controversial plan to bring work-at-home employees back to the office. Continue Reading

Economy Added 236,000 Jobs Despite Expectations of Only 160,000

The U.S. economy added 236,000 jobs in February. According to the Wall Street Journal, economists had forecast that payrolls would rise by 160,000 and the unemployment rate would fall to 7.8 percent. In related news,  the unemployment rate fell two-tenths of a percentage point to 7.7 percent, the lowest level since the end of 2008.

Total nonfarm payroll employment increased by 236,000 in February, and the unemployment rate edged down to 7.7 percent, the U.S. Bureau of Labor Statistics reported today. Employment increased in professional and business services, construction, and health care. Continue Reading

CollegeRecruiter.com Voted A Best Job Board – 7th Straight Year

Stamford, Connecticut – February 28, 2013 –  Each year, the WEDDLE’s User’s Choice Awards recognizes the 30 best employment web sites. For the seventh straight year, an Award was presented to CollegeRecruiter.com, the leading niche job board used by college students searching for internships and recent graduates hunting for entry-level jobs and other career opportunities.

The selection by WEDDLE’s of the top 30 employment web sites was no small feat as there are some 150,000 job boards and other employment services sites on the Internet. The WEDDLE’s User’s Choice Awards identify the elite of the online employment services industry, chosen not by pundits or experts, but by actual site users. Winners of the Awards are therefore the choice of job seekers, employers and recruiters alike. Continue Reading

Top Paying Liberal Arts Majors

Three liberal arts majors had average starting salaries that topped $40,000 in 2012, according to a new report by the National Association of Colleges and Employers (NACE).

NACE’s January 2013 Salary Survey (see Figure 1) found that the top-paying liberal arts majors in 2012 were: Continue Reading

82% of Applicants Expect Answers From Employers Yet Only 25% Get It

Sanja Licina of Careerbuilder

Job hunting can be a frustrating process especially if you have no idea whether the employer made a decision or even saw your application. More than one in four workers reported that they have had a bad experience when applying for a job. The vast majority (75 percent) of workers who applied to jobs using various resources in the last year said they never heard back from the employer, according to a nationwide CareerBuilder survey.

While this speaks to the challenges of finding employment in a highly competitive market, it also brings to light negative implications for today’s employers. The survey shows candidates who have had a bad experience when applying for a position are less likely to seek employment at that company again and are more likely to discourage friends and family from applying or purchasing products from that company. The study of more than 3,900 U.S. workers was conducted online by Harris Interactive^© from November 1 to November 30, 2012.

How important is it to acknowledge every job applicant? Continue Reading

Higher Home Prices Likely to Lead to Surge in Employees Quitting Jobs

John Challenger of Challenger, Gray & Christmas

With the recent report on home prices showing the biggest year-over-year gain in more than six years, one employment authority predicts a surge in relocation by job-seeking homeowners in 2013, which could ultimately help to accelerate the decline in unemployment rates.

“One factor that has kept unemployment rates high has been the inability of underwater homeowners to relocate for employment opportunities.  With home prices bouncing back, even those who may now simply break even on a home sale might consider moving to a region where jobs are more plentiful.  This could spark a more rapid decline in the unemployment rate over the next year,” said John A. Challenger, chief executive officer of Challenger, Gray & Christmas, Inc.  Continue Reading

Employers Taking 30+ Days to Extend Offers After Interview Date

How long can a college student expect to wait for a job offer after an interview? And, after an offer is extended, how long will he or she have to accept or reject it?

NACE’s 2012 Recruiting Benchmarks Survey found that, on average, employers hiring new college graduates take 24.2 business days to extend an offer to a college student after an interview. If you add in weekend and holiday days, that means that the employers are asking the average candidate to wait more than 30 days from the date of their interview to receive an offer of employment. Once an offer has been extended, employers then give the candidate an average of 14.1 business days to make a decision. Continue Reading

30% of Those Date Who Co-Workers Get Married to One

Office romance photo courtesy of Shutterstock

Looking for love this Valentine’s Day? It may just be in the cube next to you. Thirty-nine percent of workers said they have dated a co-worker at least once over the course of their career; 17 percent reported dating co-workers at least twice. Thirty percent of those who have dated a co-worker said their office romance led them to the altar. This is according to CareerBuilder’s annual office romance survey of more than 4,000 workers nationwide, conducted online by Harris Interactive^© between November 1 and November 30, 2012.

How Many Dated the Boss?

While the majority of relationships developed between peers, 29 percent of workers who have dated someone at work said they have dated someone above them in the company hierarchy, and16 percent admitted to dating their boss. Women were more likely to date someone higher up in their organization – 38 percent compared to 21 percent of men.

Which Industries Have the Most Romance? Continue Reading

Despite More Government Layoffs, 157,000 Net New Jobs Added in January

Total nonfarm payroll employment increased by 157,000 in January, and the unemployment rate was essentially unchanged at 7.9 percent, the U.S. Bureau of Labor Statistics reported yesterday. Retail trade, construction, health care, and wholesale trade added jobs over the month.

Household Survey Data

The number of unemployed persons, at 12.3 million, was little changed in January. The unemployment rate was 7.9 percent and has been at or near that level since September 2012. Continue Reading