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CareerXroads Colloquium™ Bellwether - March 07
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Work is
Less Than Satisfying for Most Conference Board, February Lynn Franco
212-339-0344
A report released from the Conference Board on
February 23, 2007 (based on a sample of 5,000 USA households) shows that a
decades long decline in job satisfaction is continuing: now fewer than half of
us are happy with work. And the trend is even more pronounced for workers under
25 where fewer than 39% are satisfied. Respondents rated bonus plans and
promotion policies as the least satisfactory benefits of employment (23%). Lynn
Franco, Director of the Conference Board’s Consumer Research was quoted as
saying ”perhaps this is why 2 out of every 10 employees do not see themselves in
their current job(s) a year from now.”
Interestingly, the study
showed that satisfaction increased as hours of work increased, up to 60 hours a
week and then declined. We can’t imagine how anyone working that many hours even
had time to do a survey. In another recent study, 39% of European workers
surveyed NEVER let work interfere with their weekends. We’re ready. Seriously,
satisfaction is a two-way street. What is the likelihood that some of the people
you hire are going to be dissatisfied no matter what you do and, if you knew
that before you hired them, would you have screened them out?
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Fortune’s “Hire” Learning List Makes Boston and UNC
Disappear, read article
Fortune/CNN published a Top-50 MBA Schools ranking in February. An
outside research group called Quacquarelli Symonds Ltd. (based in the UK) was
contracted to do the rankings for Fortune/CNN. According to a writer we know
working on a follow-up story the research group may not have been as familiar
with US schools of higher learning because they missed the mark - badly - in at
least two instances.
Apparently the research firm took info from 111
business schools in the USA and surveyed 100s of corporate recruiters to see
what MBA programs were the best. N.C. State University results were confused
with the University of North Carolina-Chapel Hill and the Kenan Flagler school
at UNC which is consistently ranked in the top 15 by the Wall Street Journal,
Businessweek, and U.S. News and World Report. Kenan Flagler was left off. They
were understandably upset. They also apparently mixed up Boston College with
Boston University.
The retraction that appeared on the Fortune site
doesn't tell the whole story but it sure raises some questions about the sources
and methodology of even the best known reports. We are also pretty amazed that a
UK firm was able to reach so many “corporate recruiters” for this study when we
have trouble pinning down people we’ve known for years. Anybody remember talking
to the UK for Fortune about their favorite MBA schools recently?
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2007
Sources of Hire, CareerXroads 6th Annual Study
Looking at Sources of Hire one more time, we are especially critical
this year of the data collection methodology and mismatched attributions
(company web site). However, corporations with a strategy that emphasizes the
4-5 sources that make up nearly 3 of every 4 hires remain productive and
efficient and cannot go wrong.
We were pleased to see that the
study’s results included Boomerangs (5.2%) and hires attributed to Search Engine
Advertising (2.0%). To us this suggests more than merely an effort to measure
but a movement to surfacing and mining specific pipelines.
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Have
Avatar, Will Travel and Recruit (virtually), TMP Press Release
TMP’s announcement about its own
Second Life “Island” on the web for recruiters followed on the heels of last
month’s Bellwether bit about IBM’s use of Second Life program (a virtual world
inhabited by 4 million people) that was documented in an excellent article by
Bill Kutik for HR
Executive Magazine.
Unfortunately, as innovative as this new TMP
experiment is, when Russell Miyaki, VP, National Interactive Creative Director,
TMP Worldwide, claimed in the release that “TMP Island represents the future of
employment recruiting”, we get concerned that the level of vendor hype will turn
off many more than it will turn on. Russell needs to get a first life or get his
PR flacks to write with some nod at credibility. To get a quick and interesting
taste of the use of an Avatar, check out Bob Etheridge’s experiment at http://www.myresumepal.com/
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Commuting for Love, ,Press Release, Inside Higher
Education
With thanks to Paul Roden, a
training manager at LaSalle University, we learned about InsideHireEd’s effort
to encourage couples to search for new jobs together (must have come out of a
brainstorming session for Valentine’s Day). The program allows you to search for
two careers simultaneously.
This would be even more interesting if
the site supplied data that indicated a high percentage of couples had jobs at
the same institution. They didn’t, but they did offer chocolates to anyone who
succeeded. We wonder how many firms promise support to trailing spouses? We hope
to look at this issue in the spring in one of our colloquium benchmark
surveys.
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The Times They are a Changin’, CareerXroads Blog, February 26, 2007
The New York Times (and its properties which include the
Boston Globe and Boston Works to name just two) announced in February that they
are entering into a (essentially co-branding) partnership with Monster.com. As
Gerry’s blog points out, this is not a trivial move and signals a convergence of
media.
Imagine trying to sort out source-of-hire when most firms
combine print and online elements automatically. We believe that eventually the
strength of multiple media plays will offer a competitive advantage over either
alone but not yet. |
Jobster Changes its Name to Chameleon (Just Kidding), Company Press
Release, February
Jobster announced, as part of its latest
makeover, that it has an agreement to become “Facebook’s exclusive job search
partner and will launch a career center on Facebook in the Spring.”
We just love Jason Goldberg’s ability to morph Jobster every quarter
and can’t wait for the next version. Meanwhile, Facebook entering into the job
market has interesting implications for the college job board niche. Stay
tuned. |
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A Major
Flu Outbreak Could Shut You Down for 90 Days, , SHRM Workplace readings-
NY Times, February 1, 2007
According to a NYTimes article, the federal government said in new
pandemic flu guidelines issued to states and major cities: “In the event of a
severe flu outbreak, schools should close for up to three months, ballgames and
movies should be canceled, and working hours should be staggered so subways and
buses are less crowded.”
And your firm’s response would be? Companies
caught without contingency plans for remote work, etc will be candidates for
bankruptcy. Is there an HR Staffing component you are aware of to replace
employees unable, or unwilling to work during a 3 month downturn?
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Cost of
Florida Land Might Drop -- into the Water, NY Times, February 2, 2007
The world climate report
addressed concerns about seas rising from several inches to several feet in the
next 100 years. Critics say these numbers are way off and a significant rise
could be catastrophic in less than a decade.
Bummer. We are not
planning to retire to Florida anytime soon. Be careful about where you plan to
locate that next “Center of Excellence”.
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Seeing
Through the Candidates’ Eyes, Sarah Steele Wilson, Analyst,
Staffing.org
“Picture this: a bunch of Proctor &
Gamble managers prepare for the launch of a new line of diapers in a meeting
room designed to resemble an oversized nursery. They sit in giant chairs and
wear blurry glasses to better simulate the experience of being a baby. “
But do they wear diapers? Picture this - what if recruiters must
annually walk a mile in their candidate’s shoes as an essential element of their
development plan? Anyone applied through their own job pages recently? What
would that look like? Anybody willing to try it?
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CareerXroads - Your Staffing Strategy Connection
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phone: 732-821-6652
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