Tag: unemployment (Page 5 of 6)

Older Workers Get a Facelift, Literally

Cosmetic Surgery_24655996

In a recent Tribune news report, several workers ages 50 or better discussed a trend that seems to be catching on in the career world. Older workers, both men and women, are opting for cosmetic procedures more often in order to make themselves more marketable and even in an attempt to hold onto their jobs. One Evergreen Park, Il. woman (a 64-year-old receptionist in a doctor’s office) discussed an ultimatum she received from her boss—do something about your hair or be transferred to a job with less patient contact. Another Illinois resident discussed how working out at the gym for two hours a day, embracing the latest fashions, and coloring her grays was not enough. The resident, Charlotte Doyle age 61, decided to get her teeth straightened after losing her position as a pharmaceutical salesperson after 29 years on the job. “I would do it all—botox, lasers, everything—if I could afford it. If it meant getting hired, I would do whatever I could to stop time,” Doyle said.

Some older workers and even older business owners have decided to take even more drastic measures to shave years from their appearance. Hair salon owner Linda Stanojevic got a midface lift because she thought, “How am I going to make someone else look attractive if it seems that I don’t care about my looks.” And Michael Krause, age 65, decided to get an eyelift  to be a more competitive job candidate. Krause, who thought his eyes made him look old and tired states, “I’m glad I did it because it has given me more confidence. And considering the rejection, that’s something you really need.”

It’s true, looks do count when it comes to increasing your chances of getting (and keeping) a job, according to several research studies on the subject. In one research study, Screening job applicants: The impact of physical attractiveness and application, L.M. Watkins & L. Johnston wrote: “There is considerable empirical evidence that physical attractiveness impacts employment decision making, with the result that the more attractive an individual, the greater the likelihood that that person will be hired.” And in another study, published in the Journal of Personality and Social Psychology, K. Dion (and colleagues) wrote: “This generalization is known as the “what is beautiful is good” stereotype.”

A review of the literature supports the notion that being physically attractive is an advantage when applying for a job. There is little support for the “beauty is beastly” effect. The “what is beautiful is good” bias seems fairly universal and has been found in a variety of different cultures. Since it is not fair to base hiring decisions on non-job-related factors like attractiveness, training hiring managers to avoid this bias is one way to reduce such inequity.

In the meantime, the Evergreen Park receptionist, who wanted to remain anonymous, has this advice for older workers that may be experiencing a change in appearance (and treatment) due to aging, “No matter where you work, do something before everyone starts to notice.”

Workers Stop Retiring, Gen Y Starts Worrying

Gen Y_I Need a Job

If you take a look at Census Bureau data on why any given industry may experience job growth over a period of 10 years, retirement is usually listed as one of the reasons why certain fields will have an impressive percentage of job openings for the decade. But according to a new analysis by a senior research associate at the Employee Benefit Research Institute, “the median length of time on the job rose markedly during the recession, as fearful workers—particularly baby boomers—clung to their existing positions and a few new employees were hired on.”

The analysis, by Craig Copeland, is based on the Census Bureau’s Current Population Survey, which asks Americans about their job tenure every two years.

As of January 2010, workers reported they had been on the job a median of 5.2 years, up from 4.9 years in 2006. In 2010, 29.8% of all workers said they had been on the job for 10 years or more, up from 26.7% in 2006.

Among men aged 60 to 64 still working full time, 56.8% had held their current job for 10 years or more, up from 48.1% in January 2006 and 52.4% in January 2008. Such numbers indicate that aging boomers understand that finding a new job is tough for older folks. Indeed, according to a new analysis by the AARP of Department of Labor Statistics’ average duration of unemployment for older laid-off job seekers rose to 44.9 weeks in October.

Even in 2008, “people were switching careers,’’ says Copeland. “We even had a program where we were looking at how large employers were trying to retain their employees. But once the recession hit, that wasn’t a problem. Workers weren’t retiring.”

Other scary news for older Gen Y’ers and graduating seniors is: baby boomers are not the only workers holding on to their jobs. All workers are holding on to their jobs to avoid competing with, well, college graduates, older Gen Y’ers, and the more than 4.2 million unemployed workers currently looking for jobs.

Although the recession is officially over, Copeland is quick to remind Americans that, “the unemployment rate has barely budged; it stood at 9.8% in November compared to 10% the year before.”

For more information about the job outlook for all careers for the 2008-2018 decade, visit the Bureau of Labor Statistics, Occupational Outlook Handbook at  http://www.bls.gov/oco/.

Are American Jobs Really Heading Home From Overseas?

shutterstock_Chinese Factory Small

This just might mean something for millions of unemployed manufacturing workers across America.

Dana Morey, executive vice-president of Morey Corp., remember well Chinese New Year two years ago, when they were calling all over Shenzhen, China, trying unsuccessfully to find someone who could pick up a load of finished parts from a factory during the two-week holiday and ship them to Chicago. Then it was holes not drilled deeply enough in a shipment of circuit boards from a Chinese supplier. Similar problems have occurred in metal and plastic castings.

Morey is part of the wave of “near-shoring” or “re-shoring” of production that gained momentum during the recession. Manufacturers are bringing work back to the U.S. because of the rising cost of shipping, labor and raw materials—coupled with quality problems and shortened lead times from customers unable to predict their own orders in a still-choppy economy.

“People are starting to see they went too far in outsourcing,” says Harry Moser, former chairman of Lincolnshire-based machine-tool maker AgieCharmilles LLC and a proponent of bringing manufacturing work back to the U.S.

The near-shoring trend is hard to quantify, however. A January study by Chicago-based accounting firm Grant Thornton LLP found that 20% of the 312 companies it surveyed had shifted from Asian suppliers last year to partners closer to home, mostly in the U.S. And 12% planned to do so this year.

While it’s not enough to reverse the 40-year shift in manufacturing from the U.S. to Asia, Mexico and Latin America, winning back some work that had gone overseas is helping manufacturers recover from the deep downturn that started three years ago.

Let’s see how many manufacturing companies follow suit in the coming year. So far, Caterpillar, Ford Motor, General Electric, and NCR have already moved operations and thousands of jobs back to the U.S.

More employees facing pay cuts

The high unemployment rate continues to have an adverse affect even on those who still have jobs.

The furloughs that popped up during the recession are being replaced by a highly unusual tactic: actual cuts in pay.

Local and state governments, as well as some companies, are squeezing their employees to work the same amount for less money in cost-saving measures that are often described as a last-ditch effort to avoid layoffs.

A new report on Tuesday showed a slight dip in overall wages and salaries in June, caused partly by employees working fewer hours.

Though average hourly pay is still higher than when the recession began, the new wage rollbacks feed worries that the economy has weakened and could even be at risk of deflation. That is when the prices of goods and assets fall and people withhold spending as they wait for prices to drop further, a familiar idea to those following the recent housing market.

When it comes to public jobs, many of these cuts may be justified, as we’ve seen many examples of inefficiencies in the public sector. In that sense some of these adjustments are good for the overall economy in the long run.

That said, many of these cuts are painful, and this won’t help get the economy moving in the short term.

Job market showing signs of life

We’ve been hearing anecdotal evidence that hiring has been picking up, and today’s job numbers confirm the trend with some good news on the jobs front.

Employment in the U.S. increased in March by the most in three years and the unemployment rate held at 9.7 percent as companies gained confidence the economic recovery will be sustained.

Payrolls rose by 162,000 last month, less than anticipated, figures from the Labor Department in Washington showed today. The March increase included 48,000 temporary workers hired by the government to conduct the 2010 census, as well as job gains in manufacturing and health services.

The government revised January and February payroll figures up by a combined 62,000, putting the March gain at 224,000 after including the updated data. Caterpillar Inc. is among companies adding staff, indicating the recovery that began in the second half of 2009 is starting to foster the jobs needed to lift consumer spending and sustain the expansion.

Let’s see if this can be sustained. Much of the stimulus money is still in the pipeline, so we can expect more hiring resulting from those federal dollars and they work their way through the economy. Also, manufacturing seems to be picking up, so that could also have a very positive effect.

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