Advice
253,000 Jobs from ‘Green’ Stimulus
Editorial Team 2The $23 billion in federal stimulus money for grants, loans and tax incentives to generate renewal energy this year will create 253,000 jobs, Vice President Biden says in a report out today. In a report to the president on the nation’s progress in moving to a green economy, Biden says that the stimulus dollars could leverage over $43 billion in additional investment, which could support up to 469,000 more jobs in producing solar, wind and geothermal-generated power.
HR Execs Suddenly Hot
Editorial TeamHuman resource executives are being tapped to serve as outside directors on company boards. Reason: they have become key players with bottom-line impact in the recession, The Wall Street Journal reports. At least 65 current and former human resources managers serve as outside directors for 101 boards, the paper reports.
Benefits/Hiring Bounce Back
Editorial TeamTwo-thirds of firms that froze salaries last year will offer raises again in in 2010 and a third of those that cut 401 (k) matches plan to increase or restart those contributions next year, USA TODAY reports. Says consultant Fred Crandall: “There’s a need to motivate and engage people.”
Service Sector Jobs To Grow Over Next Decade
Editorial TeamWhile manufacturing jobs will continue to drop in coming years, nurses, biomedical engineers. waiters and security guards will fare well over the next decade, according to new Labor Department findings. The Wall Street Journal reports that the service sector is expected to account for 96% of job growth between 2008 and 2018.
Caregivers: Most Are Working Women
Editorial Team 1Most people who take care of an elderly person at home are women, many of whom juggle part-time caregiving and fulltime job requirements, USA Today reports. The paper says that caregivers provide an average of 20 hours of care a week, most of it for a relative. The number of caregivers going to work late, leaving early or taking time off has increased since 2004 by 8%.
Hiring Improving/Competition for Jobs Fierce
Editorial TeamThe labor market is showing tentative signs of improvement, but new reports suggest competition for jobs is fierce as companies of all sizes are wary of adding positions, The Wall Street Journal reports. The nation’s largest companies foresee only a slight gain in hiring over the next six months.