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Entries in Jobs (205)

Monday
Jul232012

Report: Telecommuters Missing Out on Raises and Promotions?

Brand X Pictures/Thinkstock(DAVIS, Calif.) -- Telecommuting is an attractive option for many workers. They don't have to face a rush hour, commute or play office politics. Or do they? A new study finds there may be a hidden down side to being invisible at the office.

A new study, published in the MIT Sloan Management Review, finds people who don't put in face time with the boss, get smaller raises and poorer work reviews.  Researchers at U.C. Davis found "out of sight is out of mind," since bosses were more likely to rate employees they saw as dependable and those who put in overtime as ambitious.

But they also found, at-home workers can create a productive image by returning office emails immediately, and being extra visible when they do come into the office.
 
Copyright 2012 ABC News Radio

Thursday
Jul192012

Senate Kills Anti-Outsourcing Bill; Democrats Point to Romney, GOP Points to Obama's Economy

iStockPhoto/Thinkstock(WASHINGTON) -- The Senate has rejected further consideration of a bill Democrats say would have eliminated existing tax breaks for employers who ship their jobs overseas. While Republicans sought to squash it as political theater on the part of the Democrats, Dems admit quarreling over the “Bring Jobs Home Act” was openly influenced by the 2012 presidential campaign.

“It’s fairly easy to see why Republicans are blocking our bill to stop outsourcing,” Senate Majority Leader Harry Reid, D-Nev., said at a press conference before the vote. “They’re obviously defending their presidential nominee, who of course made a fortune by shipping jobs overseas.” Reid's home state of Nevada is suffering from one of the worst unemployment rates in the union.

Reid was referring to Mitt Romney’s past involvement with Bain Capital, the private investment firm Democrats say bought companies, laid off many of their American workers, and outsourced their jobs. With more dismal economic news on their plates this week, Democrats have made Romney’s history with Bain a central talking point on the trail.

Senator Richard Durbin, D-Ill., followed Reid, saying that Thursday’s vote was about turning the Republican position on outsourcing into “a matter of record.”

“So the dance ends, the music ends and the votes are counted,” he said. “And we can find out whether or not the Republican senators support the Bain Capital investment strategy of exporting jobs overseas.”

Under existing law, employers may take tax deductions for the costs associated with moving jobs out of the country. The proposed legislation would have eliminated that, and used the resulting new revenue to fund a 20 percent tax credit for the costs companies run up “insourcing” labor back into the U.S.

The bill failed 56-42. A count of 60 was required to end discussion and move to a final vote.

To further push the issue, Democrats held a conference call with employees from Sensata Technologies, an electronics hardware manufacturer that plans to close its Freeport, Ill., plant at the end of the year and move those operations to China. Democrats say 150 people will be laid off in the process. Sensata, formerly known as the Sensors and Controls division of Texas Instruments, was spun off to Bain in 2006 for a reported $3 billion. The call was held after the vote.

“There is no reason in the world this would not have passed except for so many of the Republican senators have other interests,” said Tom Gaulrupp, a 33-year veteran of the company.

Gaulrupp says there was never a year the company did not draw a profit. Another employee, Lin Feller, was more frank:

“They do not care about us. The average guy on the street, they just do not care about us.”

On the House floor Thursday morning the ranking Republican member of the Senate finance committee called the bill “a joke,” suggesting President Obama’s campaign staff were its true authors.

“It’s devoid of serious content because it is of political rather than economic priorities,” Orrin Hatch, R-Utah, said.

Speaking on the House floor, Hatch said it was “misleading” for Democrats to say there is a tax break for outsourcing. Holding up a large book, Hatch said the Democrats were trying to invent controversy.

“I’ll keep this book of tax codes at my desk here. If someone wants to show me the tax code that allows deductions for shipping jobs overseas. I’d like to see it. But it’s not in here.”

Congressional analysts at the Joint Committee on Taxation say $14 million could be raised next year from removing outsourcing credits, compared to a cost of $21 million for bringing those jobs back. Hatch points out the relatively low sum has already been passed in Obama campaign ads on the issue.

Three Republicans voted in favor of the bill: Senators Susan Collins, Olympia Snowe and Scott Brown.

Copyright 2012 ABC News Radio

Monday
Jul162012

Obama Mocks Romney Tax Plan at Playful Town Hall

Jay LaPrete/Getty Images(CINCINNATI) -- At his first town hall meeting of the 2012 campaign, President Obama Monday continued his personal assault on rival Mitt Romney, mocking the presumptive GOP nominee over a new report that estimates his jobs plan would create 800,000 jobs -- overseas.

“There’s a new study out by nonpartisan economists that says Gov. Romney’s economic plan would in fact create 800,000 jobs. There’s only one problem: The jobs wouldn’t be in America,” Obama said, drawing a mix of laughter, boos and applause from the crowd.

“They’d be in other countries. By eliminating taxes on corporations’ foreign income, Gov. Romney’s plan would actually encourage companies to shift more of their operations to foreign tax havens, creating 800,000 jobs in those other countries,” he said.

The study, authored by Reed College economist Kimberly Clausing -- an Obama campaign donor -- appears in the nonpartisan, nonprofit tax analysis publication Tax Notes. She concludes that Romney’s call for a territorial tax system, where companies pay no U.S. tax on foreign profits, would incentivize companies to move work to lower-tax countries abroad.

Left unmentioned by Obama is that several appointed members of his Export Council and the Council on Jobs and Competitiveness -- both meant to advise the president on economic policy -- also support a shift to a territorial tax system to boost economic growth.

Also unmentioned by the president, naturally, is a key Romney talking point that many of Obama's so-called "green initiatives" directly funded jobs and technology growth in other countries. Recently, Gov. Romney slammed Obama for, as one example, channeling more than $500 million of taxpayer-funded stimulus money to electric car company Fisker, which began building vehicles in Finland this year. 

“Our corporate tax rate is the highest in the industrial world and impairs the ability of American businesses to both compete globally and create jobs here at home,” said Romney campaign spokeswoman Amanda Henneberg.  “Mitt Romney has a comprehensive plan to reform the corporate tax code that will lower rates, get rid of incentives for firms to create jobs in other countries, and encourage the kind of economic growth President Obama has been unable to deliver.”

Still, the president argued that Romney’s proposal is part of a larger, divergent economic philosophy that would not benefit American workers or the middle class.

“This shouldn’t be a surprise,” Obama said of Romney’s tax plan, “because Gov. Romney’s experience has been investing in what were called pioneers of the business of outsourcing. Now he wants to give more tax breaks to companies that are shipping jobs overseas.”

“So I want everybody to understand, Ohio, I’ve got a different theory,” he said. “We don’t need a president who plans to ship more jobs overseas or wants to give more tax breaks to companies that are shipping jobs overseas. I want to give tax breaks to companies that are investing right here in Ohio.”

After making his economic pitch, Obama opened up the floor to questions from the lively and supportive audience of 1,200, participating in a playful exchange on topics that ranged from gay rights and energy policy to partisan gridlock in Washington and Girl Scout cookies.

Tony White, who identified himself as a barber and small business owner, asked the president whether he could cut his hair.

“When can I cut your hair?” White said, drawing whoops and cheers from the crowd.

“You know that you would not want a president who was disloyal to his barber,” Obama replied with a big grin, as the crowd cheered. “Right? I mean, a man and his barber, that’s a -- that’s a strong connection.”

“I know, I know,” White replied.

“So I am not going to let you cut my hair, because my barber would be hurt,” quipped Obama.

“Just one time. Just once,” White pleaded.

“Maybe I’ll let you get me aligned a little bit,” Obama said with a chuckle. “Yeah, we could do that.”

Copyright 2012 ABC News Radio

Wednesday
Jul112012

Dos and Don'ts When Submitting a Resume

iStockphoto/Thinkstock(CHICAGO) -- Looking for a job?  Well, make sure your resume doesn't have any spelling mistakes.  You may also want to consider transforming your resume into a Rubik's Cube.

In a new CareerBuilder survey of nearly 2,300 hiring managers in the U.S., 61 percent say they would automatically dismiss a candidate whose resume includes typos.

Other mistakes to avoid:

  • Resumes that copied large amounts of wording from the job posting: 41 percent of hiring managers would dismiss an applicant for making this mistake.
  • Resumes with an inappropriate email address: 35 percent.
  •  Resumes that don’t include a list of skills: 30 percent.
  • Resumes that are more than two pages long: 22 percent.
  • Resumes printed on decorative paper: 20 percent.
  • Resumes that detail more tasks than results for previous positions: 16 percent.
  • Resumes that include a photo: 13 percent.
  • Resumes that have large blocks of text with little white spaces: 13 percent.


While it's important that your resume stands out from the pack, you don't want to make it so unusual that it turns off the employer.  Here are some examples of awkward applications cited in the survey:

  • Candidate’s cover letter talked about her family being in the mob.
  • Candidate applying for a management job listed “gator hunting” as a skill.
  • Candidate’s resume included "phishing" as a hobby.
  • Candidate specified that her resume was set up to be sung to the tune of The Brady Bunch.
  • Candidate highlighted the fact that he was “Homecoming Prom Prince” in 1984.
  • Candidate claimed to be able to speak “Antartican” when applying for a job to work in Antarctica.
  • Candidate’s resume had a photo of the applicant reclining in a hammock under the headline "Hi, I'm _____ and I'm looking for a job."
  • Candidate’s resume was decorated with pink rabbits.
  • Candidate listed “to make dough” as the objective on the resume.
  • Candidate applying for an accounting job said he was “deetail-oriented” and spelled the company’s name incorrectly.


Conversely, here are some examples of applications that made a positive impression on employers and led to hires:

  • Candidate sent his resume in the form of an oversized Rubik's Cube, where you had to push the tiles around to align the resume.
  • Candidate who had been a stay-at-home mom listed her skills as nursing, housekeeping, chef, teacher, bio-hazard cleanup, fight referee, taxi driver, secretary, tailor, personal shopping assistant and therapist.
  • Candidate applying for a food and beverage management position sent a resume in the form of a fine-dining menu.


Copyright 2012 ABC News Radio

Tuesday
Jul102012

Youth Joblessness: No End in Sight, Says Report

Jupiterimages/Thinkstock(NEW YORK) -- An analysis by the nonprofit, nonpartisan group YoungInvincibles asks what kind of employment prospects young Americans can look forward to over the next decade.  Its conclusion: Prospects are bleak.

The report, “No End in Sight? The Long-Term Youth Jobs Gap and What It Means for America,” says that though the present looks bad for young job-seekers, the future could be worse.  Further, it questions whether employment for the young will ever return to what it was before the recession.

Study co-author Rory O’Sullivan says that today’s unemployment numbers understate the problem.

The unemployment rate for 16- to 24-year-olds now stands at 16.5 percent, more than double the rate for the population at large (8.2 percent).  For Latino youth, the rate is 20.5 percent, and for African-American youth, 30.2 percent.  Fewer than half of all young Americans hold any kind of job at all, says the report.

These numbers, while daunting, fail to include young people who have given up looking for work and dropped out of the labor force altogether.

The report identifies what it calls a ‘jobs gap’ of some 2.7 million, meaning that there are that many fewer jobs for youth today than would have existed without the recession.

YoungInvincibles arrives at this number, O’Sullivan explains, by using Bureau of Labor Statistics projections for the youth labor force from 2008-2018.  These were based on data from 2007, the last year the economy was fully healthy.  A normal unemployment rate was then applied, he says, to get the number of jobs that would have existed during this period, had the economy remained healthy.  That figure was then subtracted from the number of jobs that actually exist, highlighting a gap of some 2.7 million “missing” jobs.

It’s a number the report calls “staggering” -- “roughly the size of the entire population of Chicago.”

The situation, while grim, isn’t hopeless, says O’Sullivan.  If America’s leaders were aggressively to pursue youth job-creation policies -- for example, boosting investment in AmeriCorps from the current $1 billion a year to $6.5 billion -- he says the gap could be closed by 2016.  Some 500,000 new youth jobs a year would be created, he says, for less money than the monthly cost of maintaining troops in Afghanistan.

Copyright 2012 ABC News Radio

Friday
Jul062012

Reacting to Jobs Data, Oil and Stock Markets Close Lower

Hemera/Thinkstock(NEW YORK) -- All three major stock indices ended the day lower.

The Dow Friday closed at 12,772, down 124 points or 0.96 percent. The S&P and NASDAQ ended the day lower as well, down 13 points and 39 points, respectively.

Meanwhile, oil settled at $84.45 a barrel in New York trading Friday, down $2.77 for the day. As a weak U.S. job market raises concerns about demand, drivers should look for gas prices to follow the lower crude oil price.

Copyright 2012 ABC News Radio

Friday
Jul062012

80,000 Jobs Added in June; Unemployment Rate Unchanged at 8.2%

Stockbyte/Thinkstock(WASHINGTON) -- U.S. employers added 80,000 jobs last month, falling short of expectations, the Labor Department announced Friday morning.

Economists had expected to see around 90,000 positions added in June, higher than the 69,000 jobs added in May, but lower than what is needed for a full economic recovery from the last recession that began with the mortgage meltdown in 2008.

The unemployment rate, meanwhile, remained unchanged at 8.2 percent.

Before Friday's jobs report, there were two pieces of positive employment data this week.

Private payroll tracker ADP reported on Thursday that the U.S. added 176,000 private jobs in June -- more than expected -- following a revised 136,000 jobs added in May.

Also, the number of people seeking U.S. unemployment benefits dropped last week to the lowest level in six weeks, falling 14,000 to 374,000 seasonally adjusted.

Copyright 2012 ABC News Radio

Friday
Jul062012

Politicians Sound Off on June Jobs Report

Hemera/Thinkstock(WASHINGTON) -- Friday’s jobs report brought little good news for the American economy. Unemployment is still hovering around 8.2 percent, with only 80,000 jobs created – 10,000 jobs short of economists’ projections.

In a campaign that has centered around the nation’s sputtering economic recovery, politicians had plenty to say about a jobs report that, really, said nothing new at all:

RNC Chairman Reince Priebus: “Once again, the monthly jobs report brings devastating news for the millions of Americans looking for work. The Obama economy is defined by chronically high unemployment. Our country is coming out of the worst quarter of job creation in two years. ObamaCare and President Obama’s other policies simply are not working and disappointed Americans are ready for a new direction.

“After taking office, President Obama promised he would fix the economy in three years or face a ‘one-term proposition.’ While the president believes ‘the private sector is doing fine,’ the rest of the country knows we are not ‘doing fine’ at all. We cannot afford another term of this president because we cannot endure four more years of painfully high joblessness.

“Gov. Mitt Romney is uniquely qualified to provide the leadership our economy needs. With his successful record in business, at the Olympics, and in Massachusetts, he has a proven track record. It’s time to accept President Obama’s offer of a ‘one-term proposition,’ send Mitt Romney to the White House, and finally get America working again.”

Senate Majority Leader Harry Reid, D-Nev.: “Today’s report is further evidence that Congress should be focusing on creating jobs and helping the middle class, not re-fighting old battles for political gain. Unfortunately, my Republican colleagues have decided they would rather focus their energy on political grandstanding and empty, partisan exercises that will not create a single job. As this report clearly shows, it’s time to move on and focus on jobs.

“To help spark the growth we need, the Senate will move next week to vote on a series of common-sense jobs bills, starting with a tax cut for small businesses that is designed to reward hiring and provide incentives for payroll growth. Unless Republicans are truly rooting for our economy to fail, there is simply no reason for them to oppose such common-sense jobs measures. With Americans in Nevada and around the country looking to their elected officials for results, putting Americans back to work should be our top priority, not Tea Party politics or partisan maneuvering.”

Chairman of Council of Economic Advisers Alan Krueger: “While the economy is continuing to heal from the worst economic downturn since the Great Depression, much more remains to be done to repair the damage from the financial crisis and deep recession that followed.  It is critical that we continue the policies that build an economy that works for the middle class and makes us stronger and more secure as we dig our way out of the deep hole that was caused by the severe recession.  There are no quick fixes to the problems we face that were more than a decade in the making. President Obama has proposals to create jobs by ending tax breaks for companies to ship jobs overseas and supporting State and local governments to prevent layoffs and rehire hundreds of thousands of teachers…

“As the Administration stresses every month, the monthly employment and unemployment figures can be volatile, and employment estimates can be subject to substantial revision.  Therefore, it is important not to read too much into any one monthly report and it is informative to consider each report in the context of other data that are becoming available.”

Republican presidential nominee Mitt Romney, in a televised speech in Wolfeboro, N.H.: “We have seen the jobs report this morning and it is another kick in the gut to middle class families. It’s consistent with what I’ve heard as I’ve gone across the country and met with families in their homes, cafes and restaurants and in break rooms. American families are struggling. There is a lot of misery in America today, and these numbers understate what people are feeling and the amount of pain which is occurring in middle class America. Not only is the 8.2 percent number unacceptably high, and one that has been in place now for over 41 months, but in addition if you look at the broader analysis of people who are out of work, or have dropped out of the workforce or that are underemployed in part time jobs, needing full time work its almost 15 percent of the American public.

“This is a time for America to choose whether they want more of the same, whether unemployment above 8 percent month after month after month is satisfactory or not. It doesn’t have to be this way. America can do better and this kick in the gut has got to end.”

House Republican Policy Committee Chairman Tom Price, R-GA: “Job creation and economic growth are not keeping pace with the type of recovery the Obama Administration and Democrats controlling Washington promised the American people.  President Obama’s tax and spending policies are simply not working,” said Chairman Price.  ”The Obama Administration’s focus on excessive regulation and ever increasing taxes to chase ever-higher deficit spending has made doing business in America even more difficult for those who create jobs and drive our economy.  The primary example is the president’s health care law which is a threat not only to quality, affordable health care, but also to economic growth.  That is why House Republicans will continue our work to dismantle, defund and fully repeal this disastrous law to protect patient-centered health care and help preserve American jobs.

“The American people are rightfully fed-up with partisan gridlock and they know more must be done to help grow our economy.  House Republicans have responded to this need for leadership by sending more than 30 bills over to the Senate to encourage job creation, and we will continue to offer other opportunities to work together on productive solutions.  President Obama could demonstrate real leadership if he were to simply call on his Democratic colleagues, including Senate Majority Leader Harry Reid, to take action on these numerous pieces of legislation so there is a more positive economic environment where Americans can find jobs and provide for their families.”

Obama campaign spokesman Ben LaBolte: “The president brought us back from the brink of another Depression but he doesn’t believe our work is done – he’s got a plan to restore the middle class and create a million jobs now that Mitt Romney opposes and Republican leaders have blocked. Mitt Romney says he has a better path, but over the past decade we saw where that took us — to the slowest job growth since World War II, the collapse of our financial system and the deterioration of the middle class. In fact, independent economists have concluded his plan wouldn’t create one job, wouldn’t reduce the deficit one cent, and could lead to another recession. Mitt Romney’s economic policies failed before and instead of creating jobs, they would weaken the economy and undermine the middle class.”

Former Republican presidential candidate Rick Santorum: “Today’s jobs report is yet another reminder of the disaster that is Obamanomics. These numbers are abysmal and sadly reaffirm that our economy continues to suffer and American families are struggling.

“Under President Obama’s economic and regulatory policies, the unemployment remains over 8 percent, poverty rates are at historic and tragic highs with 1 in 6 Americans living in poverty, and 1 in 4 children receiving food stamps.

“Our manufacturing sector also continues to decline under this president. For the second quarter in a row, manufacturers continue to be less optimistic about growth due to increased uncertainty.

“If we are serious about addressing poverty in this country then we must support policies that create an environment for work, marriage and family, quality education, access to capital, and civil society to prosper. This is how we help the unemployed in America; not through Big Government but through expanded opportunity and bold leadership.”

Copyright 2012 ABC News Radio

Thursday
Jul052012

June Jobs Report Expected to Show Struggling Unemployment Picture

Tim Boyle/Getty Images(NEW YORK) -- The Labor Department's June jobs report -- the most closely-watched economic number leading up to the presidential election -- will be released on Friday and economists don't expect much summer sunshine in the nation's unemployment picture.

Economists expect that employers added around 90,000 jobs in June, higher than the 69,000 jobs added in May, but lower than what is needed for a full economic recovery from the last recession that began with the mortgage meltdown in 2008.

The Bureau of Labor Statistics will report both seasonally adjusted and non-seasonally adjusted unemployment figures, accounting for temporary summer jobs.

"There's a lot of uncertainty in June's number because of the end of the school year," Scott Brown, chief economist with Raymond James, said.  "Seasonal adjustment is pretty significant."

Prior to seasonal adjustment, the economy could see 450,000 jobs added, with the addition of students getting work and jobs related to the summer travel season.

"Those may be a bit lower than expected, so I think the risks are tilted toward the downside this go around," Brown said.

In addition to accounting for the number of added summer jobs, the bureau also must tote up the number of jobs lost for the summer.

Brown said before seasonal adjustment, the economy could see a 850,000 drop in public and private education jobs due to the end of the school year.

With a current unemployment rate of 8.2 percent and 12.7 million unemployed persons in the country, Brown said 125,000 to 130,000 added jobs are needed just to absorb the growth from the working-age population.  Economists expect the unemployment rate to hold steady at 8.2 percent for June.

"At this point we're still running in place, growing just enough to absorb growth in the population but not enough to recover those job market losses during the downturn," Brown said.

Brown expects that around 100,000 non-farm payroll jobs and 115,000 private payroll jobs, seasonally adjusted, were added in June.

Copyright 2012 ABC News Radio

Thursday
Jun282012

RIM Cuts 5,000 Jobs, Delays Next Version of BlackBerry

Research In Motion(NEW YORK) -- It’s not looking good for BlackBerry-maker RIM. The company has just reported its first quarter results, which saw a significant drop, and has announced that it will be delaying the next versions of its phones.

According to the official release from the company, it brought in $2.8 billion in revenue during the first quarter of the 2012 fiscal year, down 33 percent from $4.2 billion in the previous quarter.

Sales of BlackBerry handhelds were at an all time low of 7.8 million units. And even though the company cut the price of its Playbook tablet, it only sold 260,000 of them. RIM has lost significant smartphone market share to Apple and Android device makers over the last few years.

To that end, RIM announced that it will be cutting 5,000 employees, which should amount to over $1 billion in cost savings.

RIM said it continues to fight, but while it still plans to release its next version of its BlackBerry software -- BlackBerry 10 -- it also announced that it is putting off the release. BlackBerry 10 was due out this fall; the company now says it will not be out until the first quarter of 2013.

“Over the past several weeks, RIM’s software development teams have made major progress in the development of key features for the BlackBerry 10 platform; however, the integration of these features and the associated large volume of code into the platform has proven to be more time consuming than anticipated,” RIM said in a statement.

In January, RIM announced that its longtime co-CEOs, Jim Balsillie and Mike Lazaridis, were stepping down. Thorsten Heins took over as the CEO of the struggling Canadian company.

“Our first quarter results reflect the market challenges I have outlined since my appointment as CEO at the end of January,” Heins said in a statement Thursday. “I am not satisfied with these results and continue to work aggressively with all areas of the organization and the Board to implement meaningful changes to address the challenges.”

Copyright 2012 ABC News Radio







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