New York Times (January 13)
“Critics of D.E.I., or diversity, equity and inclusion initiatives, have tried to scapegoat it for everything” of late. “The economy and political landscape have changed since 2020, when companies hired D.E.I. officers in droves amid a racial reckoning after the murder of George Floyd. Recently, D.E.I. programs have become less visible.” It may be rebranding, but “over the past two years, hiring for D.E.I. roles has plunged and the number of investor calls mentioning D.E.I. has dropped.”
Tags: 2020, Critics, D.E.I. officers, Diversity, Economy, Equity, Floyd, Hiring, Inclusion, Investor calls, Plunged, Racial, Rebranding, Scapegoat, Visible
Wall Street Journal (February 16)
“Fresh figures on jobs and prices drove the economy’s surprising vigor this year, joining rising household incomes, consumer resilience and other data that have persuaded investors the Federal Reserve’s battle against inflation is likely to be a longer one than they hoped.” In January, U.S. hiring rose while “unemployment fell to a 53-year low.”
Tags: Consumer resilience, Economy, Fed, Hiring, Household incomes, Inflation, Investors, January, Jobs, Prices, Rising, Surprising, U.S., Vigor
Atlanta Journal Constitution (November 17)
“Despite five consecutive months of growth, Georgia has 366,000 fewer people employed than before the pandemic.” Though seasonal work is often “low-paid and short-term,” many people are now desperate for whatever “they can find.” This year, however, “traditional stores are struggling as consumers venture out less ahead of the holiday shopping season. Many businesses have delayed hiring plans, unsure about demand for their goods and services.”
Tags: Consumers, Delayed, Demand, Desperate, Employed, Georgia, Growth, Hiring, Holiday shopping, Low-paid, Pandemic, Seasonal work, Short term
New York Times (April 10)
“The scale of the economic damage is breathtaking. In one recent poll, more than half of all Americans under the age of 45 said that they had lost their jobs or suffered a loss of hours.” It is equally harrowing for businesses. Those that survive will “face long-term costs, too: the loss of trained and experienced workers, the uncertainties of hiring new ones.”
Tags: Breathtaking, Businesses, Costs, Economic damage, Experienced workers, Hiring, Jobs, Loss, Scale, Trained, Uncertainties
Inc (November Issue)
“Culture is not about providing a company keg. It’s hiring people who actually want to have beers together.”
Tags: Corporate culture, Hiring, Kegs, Together
The Economist (May 11)
Companies are really bad at hiring. “Only a third of American companies check whether their recruitment process produces good employees” and obvious flaws in hiring practices are rampant. “Everyone should worry that companies are less rigorous about evaluating the performance of their staff than about the quality of the raw materials they put in their products.” This helps to explain why productivity has been so sluggish.
Tags: Companies, Employees, Evaluating, Flaws, Hiring, Performance, Productivity, Quality, Raw materials, Recruitment, Rigorous, Staff, U.S.
NBC News (December 11)
“First, President Donald Trump failed in his pledge to ‘hire the best people’ in the White House; now, he’s having trouble hiring any people. These phenomena are not unrelated.” Trump’s first pick for Chief of Staff turned him down. This should be no surprise as it’s an unenviable job: “Trump has the impulse control of a hungry, intoxicated bear and bridles at attempts to keep him disciplined or to bring order to his administration.”
Tags: Administration, Bridles, Chief of Staff, Discipline, Failed, Hiring, Hungry, Impulse control, Intoxicated, Trump
Institutional Investor (June 16)
“Short-termism, often driven by activists, can have grave implications for corporations, for our economy and sometimes for society overall. Innovation, discovery and hiring are curtailed when R&D projects are put on hold or cancelled because of short-term pressures…. Short-termism also leads to mispricing, misallocation of assets and a lack of reliable information about long-term prospects.”
Tags: Activists, Assets, Corporations, Discovery, Economy, Hiring, Innovation, Misallocation, Mispricing, Prospects, R&D, Short-termism, Society
The Economist (October 5)
“The prime minister is right to raise the consumption tax, but must do more to boost Japan’s growth.” It is time for the third arrow. These major reforms should “include radical proposals to consolidate farmland, increase competition in the provision of health care and ease the rules on hiring and firing.”
Tags: Competition, Consumption tax, Farmland, Firing, Health care, Hiring, Japan, Prime minister, Reforms, Rules, Third arrow
Time (May 30)Time (May 30)
In the U.S., hiring is taking place in an unusual spot. “Amid a lackluster economic rebound, American manufacturing, for the first time in decades, has seen an unlikely updraft. After losing 6 million jobs from 1999 to 2009, the manufacturing sector has been one of the few stars of the sluggish recovery. Nearly 1 in 6 jobs that have been created since the beginning of 2010 has been in manufacturing.” To continue growing the manufacturing sector, it will be important to focus on the “most lucrative — high-end engineering positions that spawn other positions.”In the U.S., hiring is taking place in an unusual spot. “Amid a lackluster economic rebound, American manufacturing, for the first time in decades, has seen an unlikely updraft. After losing 6 million jobs from 1999 to 2009, the manufacturing sector has been one of the few stars of the sluggish recovery. Nearly 1 in 6 jobs that have been created since the beginning of 2010 has been in manufacturing.” To continue growing the manufacturing sector, it will be important to focus on the “most lucrative — high-end engineering positions that spawn other positions.”
Tags: Engineering, Hiring, Job creation, Manufacturing, U.S.
