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The latest news, trends and information to help you with your recruiting efforts.

Posted February 03, 2014 by

Hot Job Sectors Are Technology, Pharmaceutical, Health Care, Aerospace, Defense, Financial Services

John Challenger of Challenger, Gray & Christmas

John Challenger of Challenger, Gray & Christmas

After climbing to a three-year high in 2012, planned job cuts announced by firms in the technology sector declined by 32 percent in 2013 as employers focused on hiring in several growing areas, including big data, cloud computing and security, according to a semi-annual report on tech layoffs released Monday by global outplacement firm Challenger, Gray & Christmas, Inc.

United States-based employers in the computer, electronics and telecommunications industries announced 56,918 planned layoffs in 2013, representing 11.2 percent of the 509,051 job cuts recorded during the year.  That was down from a 2012 total of 83,213, which was 15.7 percent of the 523,362 job cuts announced that year.

The heaviest job cutting occurred in the computer industry, where 35,136 workers were cut from payrolls.  That was 24 percent fewer than the 46,164 computer-industry job cuts in 2012.  Annual job cuts among electronics saw the biggest decline, plunging 42 percent from 14,191 in 2012 to 8,830 last year. (more…)

Posted January 09, 2014 by

More Good News: Monthly Layoffs Lowest in 13 Years

John Challenger of Challenger, Gray & Christmas

John Challenger of Challenger, Gray & Christmas

Announced job cuts fell to the lowest level of the year in December as U.S.-based employers reported plans to reduce payrolls by 30,623 during the month. That was down 32 percent from a November total of 45,314. For the year, job cuts were down about 3.0 percent from 2012, according to the latest report on monthly job cuts released Thursday by global outplacement consultancy Challenger, Gray & Christmas, Inc.

The December total was six percent lower than the 32,556 job cuts announced in the same month a year earlier, marking the third consecutive year-over-year decline. Last month was not only the lowest job-cut month in 2013; it was, in fact, the lowest job-cut month in more than 13 years. The last time employers announced fewer job cuts was June, 2000, when 17,241 planned layoffs were recorded. (more…)

Posted January 07, 2014 by

Job Seekers Increasingly Optimistic About Job Market

John Challenger of Challenger, Gray & Christmas

John Challenger of Challenger, Gray & Christmas

As the economy and job market continue to regain strength, job seekers are slowly becoming more confident, as evidenced by a survey of callers to an annual job-search advice hotline, 63 percent of whom believed they would find new employment in under six months. That was up from 55 percent who said the same a year ago.

While confidence is on the rise, the problem of long-term unemployment persists. More than one-third (36 percent) of callers said they had been out of work for a year or longer. That was down only slightly from a year ago when 39 percent of callers were jobless for over a year. Furthermore, 44 percent of this year’s employed callers characterized themselves as being underemployed, compared to 39 percent who said so in 2012.

The survey results are based on a random sampling of approximately 1,000 callers to a job-search advice helpline offered annually by global outplacement and executive coaching firm Challenger, Gray & Christmas, Inc. The percentage of unemployed callers was virtually unchanged from a year ago, with 68 percent saying they were currently out of work. (more…)

Posted November 22, 2013 by

47% of College Grads Start Work In Field Different From Their Major

Rosemary Haefner of Careerbuilder

Rosemary Haefner of Careerbuilder

Choosing your college major is a significant life decision, but a new study from CareerBuilder suggests it may not necessarily define your career path. Nearly half (47 percent) of college-educated workers said their first job after college was not related to their college major. Thirty-two percent of college-educated workers reported that they never found a job related to their college major. Among more seasoned workers – those ages 35 and older – that number is 31 percent.

The national survey was conducted online by Harris Interactive© from August 13 to September 6, 2013, and included a representative sample of 2,134 workers across industries and company sizes who graduated from college.

“A college education will give you a significant advantage in the job market. In a tough economic climate, college graduates must be flexible and open to taking positions outside their area of study. Taking the knowledge gained in college and branching out with it in unexpected directions is common after graduating,” said Rosemary Haefner, vice president of Human Resources at CareerBuilder. “In most cases, workers who went into a new field ended up liking the new industry. Odds are you won’t get that dream job right out of school, but it’s important to remember that there are many different paths.” (more…)

Posted October 02, 2013 by

Average Pay Increase in 2014 Projected at 2.8%, Up From 2.7% in 2013

Amy Kaminski of Compdata Surveys

Amy Kaminski of Compdata Surveys

The average pay increase budget projected for organizations in 2014 is 2.8 percent, up slightly from 2.7 percent reported for 2013, according to Compdata Surveys’ national survey of 40,000 U.S. employers. More than 80 percent of participating organizations indicated having a formal pay range in place, and the average pay range adjustment reported in 2013 was 2.1 percent. This is up slightly from 1.9 percent last year and 1.7 percent in 2011. Organizations expect almost no change for 2014, reporting projected adjustments of 2 percent.

Pay increase budget projections for 2014 vary by industry. Employers in the banking and finance, hospitality, manufacturing and distribution, and utilities industries expect a pay increase budget of 2.9 percent next year. In comparison, healthcare organizations projected a 2.5 percent pay increase budget, and not-for-profit organizations expect 2.4 percent. Insurance employers projected the highest budget for 2014 at 3 percent. (more…)

Posted August 05, 2013 by

Where Are The Jobs For Millennials?

Tru Pettigrew

Tru Pettigrew, Founder of Tru Access

Many millennials are struggling to find jobs upon graduation. Even more are struggling to find jobs in their field. There are a host of reasons that have been discussed and explored as to why this is the case. Why are so many driven young men and women armed with Bachelors and Masters degrees finding themselves unemployed or underemployed? (more…)

Posted July 19, 2013 by

10 Hardest To Fill Jobs

Brent Rasmussen of Careerbuilder

Brent Rasmussen of Careerbuilder

More than a third (35 percent) of hiring managers currently have positions that have remained open for 12 weeks or longer, according to new research. Which jobs are the hardest to fill and in need of workers now? Which professions are experiencing strong job growth and present good opportunities for the unemployed, underemployed and workers looking to make a career change?

“Although the recession created an abundant pool of readily-available, unemployed talent that still exists today, employers are struggling to find new employees for technology-related occupations, sales, healthcare and a variety of other areas,” said Brent Rasmussen, President of CareerBuilder North America. “Two in five employers (41 percent) reported that they continuously recruit throughout the year, so that they have candidates in their pipeline in case a position opens up down the road. The skills gap that exists for high-growth, specialized occupations will become even more pronounced in the years to come, prompting the need to place a greater emphasis on reskilling workers through formal education and on-the-job training.” (more…)

Posted July 09, 2013 by

75 Percent of Americans Don’t Have Enough Savings to Cover Their Bills for Six Months: Survey

Kris Miller

Kris Miller, ChFEBS, CSA, LDA

According to a survey undertaken by Bankrate.com, approximately half of Americans are without savings that can last them more than three months if they lose their income. The implications are that most Americans would actually be unprepared for a financial emergency. The study put the number at 25% of the country having no funds to take care of a rainy day. (more…)

Posted May 21, 2013 by

29% of Employers Plan to Hire Seasonal Workers to Fill Summer Job Openings

Brent Rasmussen of Careerbuilder

Brent Rasmussen of Careerbuilder

Seasonal hiring expectations this summer mark a continued improvement over the years immediately following the recession, according to a new survey. Nearly three in ten employers (29 percent) report they plan to hire seasonal workers this summer. While unchanged from 2012, the number is significantly up from an average of 21 percent from 2008 to 2011.

The nationwide survey—conducted for Careerbuilder online by Harris Interactive© from February 11 to March 6, 2013— included more than 2,000 hiring managers and human resource professionals across industries and company sizes.

Employers in leisure and hospitality (47 percent), manufacturing (34 percent), information technology (34 percent) and retail (33 percent) are the most likely to hire seasonal help this summer. More than half of all employers (53%) will complete their seasonal hiring in May or June.

“The summer forecast shows yet again that although the jobs recovery has been slow, employers are more confident today than they were three or four years ago,” said Brent Rasmussen, president of CareerBuilder North America. “Seasonal work –whether in retail or engineering – is also a good entry point into the labor force for job seekers, as a vast majority of employers – 67 percent – will consider summer hires for permanent positions.” (more…)

Posted May 02, 2013 by

Fewer Job Cuts in April But Sequestration, Consumer Spending Are Concerns

John Challenger of Challenger, Gray & Christmas

John Challenger of Challenger, Gray & Christmas

Job cuts fell to their lowest level since December, as U.S. employers announced plans to trim payrolls by 38,121 in April, according to the latest report on downsizing activity released Thursday by global outplacement consultancy Challenger, Gray & Christmas, Inc.

April job cuts were 23 percent lower than March, when announced layoffs totaled 49,255.  They were 6.0 percent lower than the 40,559 planned job cuts announced in April 2012.  April represents the lowest job-cut month since last December, when 32,556 were tracked by Challenger. (more…)