There was a great article in Newsweek a few weeks ago that exposes the true cost of this country’s culture of layoffs. As we all know, at the first hint of even a slight reduction in business, American companies call in H.R. and start chopping heads. The common perception is that costs are [...]
If you follow the news even casually then you’re probably aware that the unemployment rate crossed an important and unfortunate threshold this past month. In only the second time since recordkeeping began in 1948 has the number gone above 10%. In November and December of 1982 we hit 10.8%. On Friday, the Bureau of Labor [...]
There was a telling article in The Wall Street Journal last week, http://tinyurl.com/kotph7. In a recent survey of 179 companies by consulting firm Watson Wyatt Worldwide, 52% said they expect to hire fewer people in the next three to five years than they did prior to the recession. 20% said they’ll make recent salary cuts [...]