December 2008 19
Today, while others are reflecting on the most memorable events and accomplishments of the past year (for me, 2008 will always be remembered as the year I learned how to spell “Blagojevich”), CareerBuilder.com looks ahead with the release of its 2009 U.S. Job Forecast.
According to the annual survey of hiring managers and HR professionals conducted by Harris Interactive® (spoiler alert!), employers will be slower and more cautious about hiring in the coming months.
You don't need to hear yet again that we as a nation are in a state of economic turmoil. But you should be aware that moving forward, your employees are looking to your leadership to guide them through economically troubled waters and onto safe workplace ground. Tensions are high, pocketbooks are light, and morale is low. Now, more than ever, they need a leader who is strong, realistic, and able to create a sense of balance. It is not an easy task, but we have laid out some tips to help you reinforce confidence during these trying times.
How you choose to react to our current economic situation as an employer - and as a leader - will make a significant difference not only in your own life, but in the lives the employees who depend on you.
When it seems like you can’t turn to any news source without hearing about another round of layoffs or budget cuts, it’s nice to hear that there’s at least someone getting a raise in this economy…even if it is for Jamie Spears – a.k.a. Britney’s dad.
Last week an L.A. court gave him a generous bump in pay for managing his daughter’s estate – to the tune of $75 an hour.
If you’re, like me, feeling a little cabin fever-y because it’s three $%@ing degrees out where you are, too – or you’re simply restless due to the upcoming holiday weekend…here’s one more Monday/fun-day item for you.
Yesterday’s featured item from MSN Careers – the “10 Worst Employees of 2008” – summarizes news stories, from around the country and throughout the year, of employees whose antics put Tracy Jordan to shame.
Back in Q3, nearly one in four workers (24 percent) said they were fearful of layoffs at their firms, according to a CareerBuilder.com survey (conducted among 2,922 hiring managers and HR professionals and 7,960 U.S. employees).
Not surprised? I’m not either. And I would venture a guess that in light of recent layoffs at many U.S. companies, the percentage has increased since this survey was conducted.
So here’s kind of a genius idea. Best Buy recently launched a contest asking employees throughout the retail chain to create a motivational video encouraging employees to participate in the company’s 401(k).
When the contest wrapped up, 401(k) participation increased by 30 percent – which is pretty significant considering, well, we’re talking about 401(k)’s here…it’s not exactly free pizza in the break room – people aren’t going to seek it out with quite the same urgency.
Earlier this month, U.S. News released this article listing 10 cuts employers are expected to make in 2009:
Higher health costs
Reduced merit increases
Cut 401(k) matches
Yes, seeing this list is disappointing, given what we know about the negative impact of hiring freezes and layoffs. But as we see more and more companies take such measures in the face of economic challenges, believing they’ve exhausted every other alternative, it’s hardly surprising to see that more companies are expected follow suit.