November 2010 13
While you were busy scaring the living daylights out of Pat Sajak, wondering if it’s too late to reconsider your honeymoon plans, or getting Star Wars fans everywhere all riled up, here’s what was happening in the world of workforce management this week…
While it’s common to see film and television studios convert best-selling books to screen, rarely does it go the other way around. And yet, that’s exactly what Eli Holzman and Stephen Lambert, creators and executive producers of CBS’ hit show “Undercover Boss,” have done, with the release of their new book, Undercover Boss: Inside the TV Phenomenon That is Changing Bosses and Employees Everywhere.
The fact is, as the job market continues to pick up, your employees (current and prospective) are starting to get antsy for more cash, and it’s entirely possible they’re getting better offers elsewhere. According to a recent CareerBuilder survey of over 2,400 hiring managers nationwide, about one third of employers are willing to negotiate salary increases for employees in 2011.
At least that was the indication from the results of a recent survey from Sibson Consulting, Inc. and WorldatWork. Of the 750 human resource professionals who participated in the 2010 Study on the State of Performance Management, 58 percent of human resources professionals graded their organization’s performance-management system at a “C” or below.
While you were busy taking the inaugural ride on the official Farewell Season jet, starting a petition to make Spoonachos happen (can we, please?), or not being quite ready yet to call it water under the bridge,here’s what was happening in the world of workforce management this week…
Your employees might be more productive if they would just simmer down now.
It seems there’s always some sort of surprise contained in the BLS’ monthly employment report. Today, however, the surprise is actually kind of a pleasant one. According to the latest Employment Situation Report, nonfarm payroll employment increased by 151,000 in October – far surpassing economists’ expectations of 60,000 added jobs.
Overall, economists agree that this growth is a positive sign toward economic recovery, but (and isn’t there always a “but”?)…well, I’ll get to that in a bit.