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Dec. 22nd Snapshot: The New World of Work

As we wind down 2011 we’re continuing to keep an eye on the ever-evolving workforce, especially as it relates to the flexible workforce and the “new world of work”. 

This week, we feature:

  • A thoughtful trend story posted by Human Resource Executive Online that provides insightful perspectives from thought leaders about what will happen in 2012
  • An interesting online story posted by Examiner.com about the increasing demand for online contingent labor
  • A timely story by Staffing Industry Analysts that highlights the latest labor statistics and the value of employing a temporary workforce

Here’s the latest scoop:

Is the Tech Boom For Real?

New statistics indicate that the job market is looking up in Silicon Valley.  This week the U.S. Bureau of Labor Statistics reported the pace of job growth in the South Bay was almost double that of California and nearly triple the nationwide rate.  It expanded by 3.2 percent during the 12 months ending in October, the highest metro rate in the nation.

This front-runner status has some wondering if we’re witnessing the advent of another “tech bubble” akin to the dotcom debacle of the past decade.  Stephen Levy, director of the Palo Alto-based Center for Continuing Study of the California Economy, says no, noting that that sector leaders such as Google, Apple and Facebook have real sales and real product plans.

The Municipal Bank – coming to a city near you?

What do Jakarta, Berlin and the State of North Dakota have in common?  They each operate a bank that is devoted exclusively to supporting their municipalities and providing loans to local borrowers.  Now San Francisco is exploring the idea. 

Recently, protesters gathered in front of the Federal Reserve Bank of California in San Francisco and cheered when a city supervisor called for the formation of a municipal bank.  It was quite a change from demonstrations of yesteryear to see a gray-haired elected official in a suit and tie elicit wild enthusiasm about a bank from sign-carrying demonstrators.  The Occupy movement aside, could the establishment of a municipal bank in San Francisco come to fruition? 

2012 Outlook on the New World of Work



Job creation will be the central issue of 2012 and the upcoming presidential election.  But like a lot of political issues, the facts lie far below the headlines and rhetoric.  Overall, unemployment is unacceptably high, but different groups or classes of workers are faring differently.

Solving the Skills Mismatch
In contrast to the highly publicized 9.0 percent U.S. unemployment figure, the unemployment rate for “management, professional, and related occupations” is just 4.4 percent. It’s no wonder many hiring managers can’t fill higher-level, strategic, management and technology positions. The data suggests there aren’t enough applicants eligible, available or willing to fill those jobs.

Nov. 23rd Snapshot: The New World of Work

In a continuing effort to keep an eye on the ever-evolving workforce — especially as it relates to the flexible workforce and the “new world of work” — we are always on the lookout for current news stories, interesting tidbits and thoughtful commentary. 

This week, we feature:

  • Two thoughtful and compelling articles in U.S. News & World Report titled “Larger Temporary Workforce Could Be New Normal” and “Are Employers to Blame for the Skills Gap?”
  • An important story in International Business Times that sums up why many smart and successful businesses are turning to the top-tier flexible workforce to achieve their business goals

Creating a Flexible Workforce Strategy

Uncertain times demand flexible strategies throughout an organization.  But human capital management has traditionally been the antithesis of flexibility – with limited, rigid, and generally ineffective choices.  Fortunately, there is a better way.

Today, a significant and growing number of professionals are choosing to work independent of corporate or consulting firm handcuffs.  They see a better professional path – one that provides greater challenge, variety, growth, and indeed flexibility.  And they are in great demand!

Nov. 11th Snapshot: The New World of Work

In a continuing effort to keep an eye on the ever-evolving workforce — especially as it relates to the flexible workforce and the “new world of work” — we are always on the lookout for current news stories, interesting tidbits and thoughtful commentary.

This week, we feature:

  • An interesting Q&A from Forbes.com with the author of a new book that explores today’s changing workforce and the “new world of work”
  • A holiday hiring preview from the International Business Times
  • Info on a free webinar being offered by Staffing Industry Analysts about regulatory changes important for companies using a contingent workforce strategy

Nov. 9th CEO Corner: Focusing on the Wrong Problem?

It was reported last week that the U.S. economy added 80,000 jobs in October and the nation’s unemployment rate edged down slightly to 9%. After the announcement TV commentators debated whether this was truly good news.

But if you look beyond the headlines, the Bureau of Labor Statistics also reported that the unemployment rate was just 4.4% for “management, professional, and related occupations”.  That’s a figure that most economists would consider “full employment.”  In the high technology sector, for example, there are thousands of job vacancies at many companies but the problem is finding individuals with the proper skills to fill the openings.

Delivering Value for Both Clients and Investors

Leading banks are in a very public decision-making process right now about debit card fees.  Last month one of nation’s largest said, “Yes, definitely.”  But after a public outcry and flurry of customers closing accounts that bank’s revised position on November 1 became, “well, not really, but maybe, sometimes, then finally ‘No’.” 

Others have chosen to use this moment in the public eye to stake their claim firmly in “no debit card fee” territory.  As the debate rolls on customers are watching carefully to see whether they will be asked to pay for the convenience of using a debit card.

Oct. 28th Snapshot: The New World of Work

In a continuing effort to keep an eye on the ever-evolving workforce — especially as it relates to the flexible workforce and the “new world of work” — we are always on the lookout for current news stories, interesting tidbits and thoughtful commentary.

This week, we feature:

  • An insightful perspective on the jobs/talent mismatch happening in Silicon Valley and across the country
  • An interesting online article about how the contingent workforce can help infuse diversity in the workforce
  • A thought-provoking article and author Q&A session that is part of an ongoing series “Inside the Shadow Economy” that explores all levels of the emerging informal economy and jobs that are “off the books.”