Chrysler Pays Back TARP Loans
The U.S. Department of the Treasury announced yesterday that Chrysler Group LLC has repaid its outstanding Troubled Asset Relief Program (TARP) loans. Chrysler's repayment comes six years before the scheduled maturity of those loans in 2017. As part of today's announcement, Chrysler Group LLC repaid $5.1 billion in TARP loans and terminated its ability to draw a remaining $2.1 billion...
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Mass Layoffs Hit Manufacturing Hardest
In April, 244,000 non-farm payroll jobs were added to the economy. But that doesn't mean that no one lost their job. Unfortunately, that is the net number of jobs added to the economy; actually many more jobs were added in April, but they were offset by the many jobs that were also lost. In fact, the number of mass layoff actions (i.e. a layoffs of at least 50 people by a single employer)...
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Working with Professional Career Advisors
Over the last few years, the changing economy has forced more people to face a changing job market in their field. When you were in high school and college, career advisors were readily available to you for curriculum choices and information about possible careers. This information is still available to people who have been in the work force for some time. The person to see is a career coach or...
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Google Docs – Why You Should Use It
At Recruiter.com, we've all but ditched Microsoft Office in favor of Google Docs. This cloud-based solution was a no-brainer for us from the get go. I, for one, have never been a fan of emailing document attachments back and forth between team members. It's a giant drag on our mail server, consumes unnecessary disk space on our laptops (checked your mail "sent" folder for these old 5Mb emails...
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Recruiting 101...Back to Basics
Sometime this morning, between my first blissful cup of Monday morning coffee and checking my voicemails from the weekend I received some interesting news from my very best client. They were putting together an offer for one of my candidates...huzzah. But that's certainly not the interesting part. No, the interesting part was that they were coming in at approximately $20,000 under the...
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Largest Occupations Pay Less
If you're earning more than $44,410, consider yourself lucky; you are earning above the national average salary for all occupations. But if your job is one of the top fifteen in the country (as measured by number of employees), chances are you're salary is not even average. Among these 15 largest occupations, only General and operations managers (whoearned, on average, $113,100 per year in May...
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PTSD App Helps Veterans Manage Daily Challenges, such as Problems that Occur at Work
"I'd like people to listen to our soldiers. They were there. They heard the alarms go off. They tasted the substance in the air. They spit up blood. They had rashes on their bodies. They got sick," said Congressman Christopher Shays about returning veterans. For so many returning soldiers, there are plenty of obstacles to returning to life at home. As recruiters know, finding and...
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More Tourists Make for More U.S. Jobs
What does an American export look like? A jar of peanut butter? A hunk of orange cheese? The reality is much more complex. Recent reports from the Commerce Department identify tourism to the United States as one of the most significant sources of exports in the United States. International travelers enable millions of service sector jobs in the United States. According to new data,...
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Work Life Balance: Juggling on a Tightrope
As Recruiters, we hear quite a bit about work/life balance. I can count on one hand, really one finger, the number of candidates who have expressed a desire to work to the exclusion of everything else in their lives. Most often, people are looking for a job or a career that they can enjoy; one that can give them a satisfying workday and leave some room for friends, family and leisure at the...
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Fractional Voting for Presidential and Job Candidates
"In the CVS (Conventional Voting System), the input to the voting system is the preference order of a voter and each voter has a single vote. In the FVS (Fractional Voting System), the input is the preference distribution of a voter for the candidates ...."—K.K. Nambiar, School of Computer and Systems Science, Jawaharlal Nehru University, New Delhi, 1989 With the 2012 presidential...
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Tennessee Receives Federal Grant
Today schools are closed in Minneapolis while people are trying to figure out how to clean up after a tornado ripped up entire neighborhoods. But it's not as if there aren't other projects that the government is still trying to work through. When so many areas have been devastated by storms, it's difficult to figure out what regions should be immediately prioritized. Tennessee is among the...
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Most Executives Avoid Future Plans
"I never think of the future-- it comes soon enough," said Albert Einstein. Einstein's attitude seems like a pretty good option. It probably makes for more restful sleep. This type of attitude may also make you more aware of the present moment. A recent survey by Right Management, a division of ManpowerGroup, suggests that most business executives have few plans for the future. At...
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