Obviously, you might logically say, "that is good!" You would most certainly be on track feeling good about everyone in your area having a job. Getting everyone working and being more self-sufficient is our logical goal.
WHAT IS FULL EMPLOYMENT?
For many years, the marketplace has considered 4% to be reaching a full-employment level. Very few employee choices are available. Many in the 4% (unemployed) group have little or no talent to offer. No basic valuable marketable skills. Most of these unemployed persons have a very poor work history. Not all, but a large majority have a limited education at best.
OUTSOURCING and DOWNSIZING
News continues to flow regarding outsourcing by major employers in almost every industry. Jobs are moved to an "outside" service for economic reasons. Many employers cut their workforce to meet PROFIT expectations for the quarter. Good decision? Not the issue when the level of profit is deteriorating and action is imperative.
Big Banks along with the Utilities and other large employers are challenged to meet stockholder demands for PROFIT. "Cut the staff" seems to be a Boardroom edict.
OUT OF THE COUNTRY
Textile industries are faced with layoffs when jobs leave the country for cheaper labor costs. There is NO choice for those who no longer have the orders to fill.
Companies are faced with NO price increases in many industries, including the service sector. Wages are challenged along with benefits for the employee.
You'll find many x-employees with 20 plus years of service. Loyalty was great. Many have worked for years beyond the call of duty. Dedicated to his/her job. Dependable. Trustworthy. Terminated!
MAJOR PROBLEM
Skills and talent are one-dimensional. No chance of finding a new job in the same industry. Non-transferable skills. It becomes a "start over" challenge for the x-employee.
Another problem is the wage level after 20 years or even fewer years with the same employer or industry. Instead of a 10% raise the "new" employee may end up with a 50% decrease to the beginners' salary scale and often without any benefits.
SOURCES TO CONSIDER
Being objective is challenging after 32 years in the personnel business. However, my suggestions come from a good base of background experiences in hiring thousands of "staffers" for a wide and diverse client base.
Just for the record, I'll include some other sources where good employees can be recruited. You have to GO BEYOND the old methods and expand your horizons in today's' marketplace.
YOUR EMPLOYEES (best source for many firms)
Business Associates [networking]
Civic Organizations ~ Technical Colleges ~
Community Colleges ~ Business Colleges ~
Universities ~ Churches
Temporary Help Services [Staffing]
Personnel Agencies [Recruiters]
Where is YOUR next 'good' employee? None of us know until every base is covered. Your first try may be good enough. Other times it may take 15 searches and interviews before you find the skill and talent required.
A major benefit to YOU in using a Staffing [Temporary Help] Service and/or a reputable Personnel Agency (some do both) is that recruiting, interviewing, and testing is an EVERYDAY activity.
EXPENSE Vs INVESTMENT THEORY
Hiring employees is an INVESTMENT in the future of YOUR business. Not an expense! Pro-rate the FEES for professional services over 12/24 months. Your weekly or monthly cost is nominal for the return benefit of a QUALITY hiring decision.
One final thought. Involve YOUR staff in the hiring decision of your future employees. Share the interview process and get input from those on the "firing" line. A good business practice to follow.
Don Monteith spent 32 years in the Staffing Business. His firm placed thousands of job candidates in their dream job. Today, he shares his expertise. Learn more by visiting his website at: http://www.HowToGetYourDreamJob.com
AP - The United Auto Workers said Wednesday it is willing to change its contracts with U.S. automakers and accept delayed payments of billions of dollars to a union-run health care trust to do its part to help the struggling companies secure $34 billion in government loans.
AP - President-elect Barack Obama signaled a clear desire Wednesday to use a significant portion of $700 billion in financial bailout funds to stanch foreclosures by helping struggling homeowners with their mortgages. "The deteriorating assets in the financial markets are rooted in the deterioration of people being able to pay their mortgages and stay in their homes," he said.
AP - Police on Wednesday discovered leftover explosives hidden in a bag in Mumbai's main train station a stunning new example of botched security after the deadly rampage that left the government open to accusations it missed warnings and bungled its response.
AP - President-elect Barack Obama named New Mexico Gov. Bill Richardson as commerce secretary on Wednesday, filling a top economic post in troubled times and placing a second former campaign rival in his new Cabinet.
AP - Ordered to get inside and stay down, Oregon tourist Clyde Thornburg heard the pirates' rifle shots hit the side of the luxury cruise liner "Pop! Pop! Pop!" then felt the ship speed up to escape.
AP - The aunt and one-time guardian of an emaciated and shackled 17-year-old has been arrested, as police tried to determine how she knew the couple accused of holding the teen against his will for nearly a year.
AP - What does a teenage brain on Google look like? Do all those hours spent online rewire the circuitry? Could these kids even relate better to emoticons than to real people? These sound like concerns from worried parents. But they're coming from brain scientists.
AP - Prosecutors allege Jennifer Hudson's estranged brother-in-law killed three family members because he was angry the singer's sister was dating another man.
AP - AL Most Valuable Player Dustin Pedroia and the Boston Red Sox agreed Wednesday to a $40.5 million, six-year contract. The deal includes a club option for 2015. He would not have been eligible for free agency until after the 2012 season.
Reuters - President-elect Barack Obama said on Wednesday struggling automakers have put forward a "more serious" restructuring proposal to Congress but withheld judgment on the plans until hearings are held.
Reuters - Record declines in the vast U.S. and European service sectors and more bleak U.S. employment news on Wednesday sparked fear of an economic "free fall," setting up another round of deep interest rate cuts.
Reuters - U.S. Secretary of State Condoleezza Rice urged Pakistan on Wednesday to cooperate "fully and transparently" in investigations into the Mumbai attacks that have upset India-Pakistan relations.
Reuters - All options were on the table on Wednesday as congressional committees scrutinized auto company restructuring proposals and an urgent appeal for $34 billion in aid ahead of make-or-break hearings.
Reuters - Senate Democrats will be able to do plenty over the next two years -- despite falling just short of their goal of winning a majority big enough to end Republican procedural roadblocks.
Reuters - Treasury Secretary Henry Paulson is weighing whether to ask Congress for the remaining $350 billion of the financial bailout fund, with White House aides approaching President-elect Barack Obama's transition team about the idea, an Obama aide said on Wednesday.
Reuters - A string of departures by the U.S. military's allies in Iraq is turning into an exodus as violence subsides and the end of a U.N. mandate permitting their deployment to the country approaches.
Reuters - Anti-government protesters lifted their crippling, eight-day blockade of Thailand's main airport on Wednesday, raising the hopes of 230,000 stranded tourists even though there is no end in sight to the wider political crisis.
AFP - India on Wednesday warned that all options were open in dealing with Pakistan after last week's attacks on Mumbai, as the United States pressured Islamabad to show urgent cooperation with the probe.
AFP - Baton-wielding riot police broke up protests in Harare and detained dozens Wednesday, as the death toll of a cholera epidemic neared 600 in Zimbabwe's worsening health and economic crises.
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