Archive for economy
The recent news about Monster.com earning a profit was all over the newswires. The same news sent their stock soaring 10% as investors regained a bit of confidence in their model.
One article in particular was titled A positive sign for economic times. Now I am a fan of any company creating success, but really? Did people not see rest of the earnings release?
Although we have experienced record high foreclosure rates, lack of small business lending, and overall tightening of credit requirements, banks are hiring at record paces. Bank of America, Wells Fargo and JP Morgan Chase added thousands of employees in 2010 and again have their talent acquisition departments scouring their key markets for bankers, underwriters, brokers, private bankers, traders, treasury sales, and a host of other professionals that can aid in generating fee income and growing deposits.
In what is still being described as a down economy, current reports reveal that banks reported a 77% increase in earnings last year, fueling a renewed focus on growth. Read More→
It was Wednesday-only a few days ago!-that reports were pointing to record job increases and certain economic recovery. December 1, 2010-headlines on ere.net heralded the Largest Employment Increase in Three Years …
“With two new economic reports today showing hiring growing faster than expected and worker productivity up, the evidence supporting a U.S. recovery is almost unassailable.”
The ADP National Employment Report offered a welcome heap of economic encouragement, showing 93,000 workers were added to the payroll of private employers in November. And it further revised the number of workers added in October upward by 39,000 (to 82,000). Read More→
We hear a lot about down-sizing, right-sizing and restructuring these days. In order to meet twenty-first century demands, it seems we need to re-imagine and reorganize everything from the way we produce energy to the way we manage personal networks of friends.
The article Thinking HR in Good Times warns that many companies must evolve their organizational structures if they are going to succeed in the hypercompetitive environments we are in today and will remain in the future. Those firms, tied to organizational structures that no longer make sense, are going to wobble in the recovery.
In short, the same old, same old isn’t going to work. Read More→