Archive for the ‘Overseas Careers’ Category
Employment-related news hasn’t been difficult to come by this week; the fevered speculation over the August jobs report made sure of that. As it turned out, the report was neither as good or as bad as feared: a loss of 54,000 jobs overall was offset by the fact that the private sector increased hiring by 67,000. And, with the overall rate climbing only slightly to 9.6 percent, the abiding concern now seems to be stagnation. Or to put it another way: employers aren’t laying off anymore, but they don’t seem to be hiring either.
That reality is reflected not only by the flat response to Vault’s job seeker sentiment poll, but also in the postings on the Employment Tracker this week. Sure, there’s news of a major restructuring at JAL—with the airline cutting 16,000 jobs–but that event stands out precisely because it’s no longer the norm.
A look at the hiring news on the tracker seems to confirm the thesis that hiring is stuck too. While there are some fifteen reports of firms seeking to add employees, collectively they will add less than 15,000 jobs to the economy—and that doesn’t factor in the fact that many of the positions are in international markets, or that the biggest U.S.-based announcement came from the government, which is seeking 1,700 cybersecurity pros.
If that isn’t indication enough of the kind of difficulty the economy is seeing, check out the following chart from The New York Times’ Economix blog. It compares this recession to previous ones in terms of percentage of jobs lost (left axis) over the duration of the recession (bottom axis). As you can see from the chart, we’re definitely in unfamiliar territory—and bottoming out to boot.
With all of that in mind, perhaps the most telling story of the week—and certainly the most unusual—has nothing to do with unemployment figures or projections of where the economy might go next. Rather, it’s the slightly absurd news that the Irish agency tasked with job promotion was forced to lay off staff as part of the government’s efforts to balance its budget.
All told, then: lots of talk about the unemployment number, but very little action.
–Phil Stott, Vault.com
Got any soccer fans in your office? Are you doing business or looking for a job internationally? Then you might want to pay attention to the following piece of information: the soccer World Cup starts next week. While that might not be of much interest to many in the U.S., it’s a really big deal just about everywhere else on the planet: so big, in fact, that more people are expected to watch it than the 2008 Olympics in Beijing.
So what’s that got to do with doing business or finding a job? A few things, actually, which are summarized as points to bear in mind below:
Check the schedule
Imagine if your team made it to the Super Bowl, and they held it in the middle of the day on a Thursday. Even if you went to work, you’d want to follow that game, right? That’s essentially the scenario desk-bound fans around the world face between June 11 and July 11 this year. The tournament is being held in South Africa, which poses obvious logistical challenges for fans not on the same continent. And—at least in the early stages—games take place seven days a week, meaning your overseas contacts may well be surreptitiously (or openly) watching the big game at what might seem like a ridiculous hour.
So before calling a client in Brazil or a potential job lead in England you probably want to check to see if their team (or a major contender for the title) is playing. Because even if you get them on the phone, or into a meeting, you probably won’t have their full attention. View the official Fifa schedule.
Be prepared to wait for things
It’s an established fact by now that productivity dips during major sporting events that coincide with office hours. Whether it’s March Madness, the opening rounds of a major golf tournament or a Grand Slam tennis event, people who follow the sport will likely have one eye—if not both of them—on the events. So that email you need an answer to might not get dealt with as urgently as you’re used to. The good news? Soccer is usually a quick affair: 90 minutes for the game, plus a half-time break. Even games that drag on to extra time and penalty shootout eliminations only last two and a half hours.
Follow the results
Sure, it might not be your favorite game, but there are a couple of good reasons to follow the results: first, the U.S. is participating. And, second, it never hurts to be able to congratulate or commiserate with a contact from elsewhere as their team progresses or gets eliminated. Which leads us to:
If you can’t beat them, join them
Especially if you’ll be spending time abroad during the World Cup. It’s going to be everywhere, so you may as well accept the reality. Who knows? You might even like it: there has to be some reason it’s the world favorite game, right?
Oh…and while you’re at it:
Call it “football”
At least when you’re talking to someone outside the US. That’s how it’s known almost everywhere else, and even if they know you call it “soccer,” they’ll appreciate the gesture.
What with the stock market plummeting on worries about the European economy, it hasn’t been the best of weeks for those of us willing the job market back to life. Leaving aside the potential for an economic backslide leading to a stall in hiring or—worse—the economy shedding jobs once again, there were still some fairly positive stories this week:
- Amazon is fighting back against the iPad. Result: 81 job openings at Amazon subsidiary Lab 126.
- You don’t need to move to California to get a job in tech, however: a health care software firm company in South Carolina is hiring for as many as 70 positions.
- Meanwhile, for those in Missouri, IBM is hiring 800 over the next 30 months. (View the IBM company profile on Vault.
- And, still on the tech front, Navy Cyber Forces (CYBERFOR) is hiring for 250 positions in Virginia Beach and Norfolk, VA, as well as in San Diego and Hawaii.
- You know things are looking up when major media outlets start turning out articles about which companies and sectors are hiring the most. Cue Forbes‘ list of companies hiring the most–those include big names like Bank of America, Kaiser Permanente and many more—and The Huffington Post‘sTop 10 Jobs Hiring the Most, with accompanying slideshow. (Without giving too much away, it’s a good time to be in healthcare or skilled trades.)
- Good news if you’re in—or would like to be in—both finance and Singapore: Standard Chartered is hiring 2,000 by 2012, while ANZ is looking for 500 employees in the next 12 months. (View Vault’s profile of Standard Chartered.)
In terms of hiring news, the best was kept until last this week: Friday saw the announcement that the economy added 290,000 jobs in April. Unfortunately, that was accompanied by a rise in the official unemployment rate—it went up from 9.7 percent to 9.9 percent—as more people actively began searching for work again.
That wasn’t the only good news this week, however. In fact, aside from concerns over the fate of various European economies and their potential for weighing down a recovery, most of the news that emerged this week was remarkably positive. As you’ll see below:
- Imagine the U.S. workforce is a lemon, and you want to use it to make lemonade. What happens when you’ve squeezed it as hard as you can, there’s no juice left, and you’re still thirsty? That’s right: you need more lemons. That tortured analogy, ladies and gentlemen, is by way of introducing another good piece of news: productivity growth is maxed out. Which means the only way companies are going to grow is to hire.
- Xerox-owned Affiliated Computer Services is opening a call center in Oklahoma City. Number of hires: 500.
- The second-biggest airline story of the week: Delta is set to begin hiring 240 pilots.
- Facebook is taking over the world. Well, kind of: In addition to “previously announced plans to open offices in Austin, Texas, and in India”—not to mention “building a data center in central Oregon”—everyone’s favorite friend-finding website is opening an office in Seattle, which will likely employ up to 30 software engineers.
- Want more evidence of an economic swing? How’s this: Employers are planning less layoffs than at any time in the last 4 years.
- Solar manufacturer SolarWorld is hiring 350 workers in Hillsboro, Oregon, as it expands its factory operations.”
- UBS is hiring. Lots. The Swiss bank “is now looking to bring in hundreds of new bankers and traders across its international operations, including London, as confidence returns.” View UBS’ profile on Vault.
- MTV News needs a writer. Actually, make that a writer/reporter.
- GE announced another 220 jobs in Michigan, bringing its total planned hires in the state to 1,300 over the next five years.
- ICICI Bank will hire 5,000 to 7,000. This year. In India. It’s also adding branches and ATMs.
- Got a boat? Live anywhere near the Louisiana shoreline? Head out this Sunday and you could be taking home “$38 to $48 an hour” cleaning up oil.
- Nationwide Insurance is hiring 1,400 nationwide.
- Great news if you’re in (or would like to be in) Ohio: Not only is The Home Depot hiring 300 associates for a new distribution center in Van Buren, OH, Nationwide Insurance is hiring in the state as well. Of 1,400 nationwide openings, some 600 of the positions are in the Buckeye State.
It’s been another reasonably positive week on the jobs front: openings galore, not too much in the way of layoff-related news, and then this morning’s announcement that the economy grew 3.2 percent in the first quarter of the year. Little wonder, then, that there has been a steady stream of positive hiring news, with many companies announcing not just the intention to hire, but multi-year plans built around serious expansion efforts. Hopefully there’s much more of this sort of thing to come.
- In a week where an oil spill is dominating headlines, the following item shouldn’t be too surprising: the nuclear industry is hiring. Between 12,000 and 21,000 “workers ranging from specially trained maintenance crew to nuclear physicists. The one caveat: that’s the total projection over the next 30 years.
- Capitalizing on Goldman’s woes? Lots of banks are hiring. Among them: Nomura, which is hiring 60 investment bankers. Chase Bank appears to be launching a major hiring blitz: it’s seeking to open 90 branches in California this year, and 1,200 statewide. In Texas, meanwhile, Chase “is hiring 275 mortgage lenders.
- Still (sort of) in finance: Bank of America is “poised” for a “tech hiring spree”.
- The State of Georgia is spending $7 million in stimulus funds to hire teachers to bring foster children up to grade level.
- Managerial hiring prospects are looking up nationwide, reports a Memphis business paper, which ruefully adds that its home town is lagging behind.
- Video game specialists should be flocking to Blizzard: the company has 200 open positions worldwide, including 70 in its Irvine, CA headquarters.
- What are we to make of tech? The IT industry lost a quarter of a million jobs last year, but is now hiring again all over the country.
- Shaw Communications will likely be hiring soon. The company is spending $100 million to build a new wireless service.
- Green tech outfit Vestas is seeking 1,300 new employees.
- 74 percent of nation’s insurance companies are currently hiring. Need we say more? Didn’t think so.
- Know anything about foreign films? You’ll probably need to if you want to apply for the open position at Netflix. The DVD rental firm is “seeking a Director of Product Management to ‘help drive its international expansion efforts.'”
- Indian consulting outfit Infosys is hiring 1,000 expats to work in India this year. Where they’ll come from is anyone’s guess.