May 1, 2011
May 1, 2011
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The National Association of Business Economics (NABE) claims things are looking up. More people are working and spending. The survey of 72 business economists and policymakers was conducted March 16-31, 2011. The gross domestic product is expected to grow more than two percent this year. Employment prospects are increasing. The NABE respondents are forecasting more employee increases than decreases. Despite the rosy forecast, some companies are struggling to survive. Other companies have strategically used the downturn to effectively reduce their payroll expense. Still others are beginning to feel the negative effects of across the board wage reductions and furloughs. Most […]
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April 1, 2011
April 1, 2011
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Putting in longer hours over a period of time does not pay off. Loyal managers are literally sick and tired from spending their lives at work. In the industrial age, people were more like machines. More time on a job meant more widgets were made. That no longer holds true in the knowledge age. Tony Schwartz and Catherine McCarthy of The Energy Project have developed an assessment and training process to help people rejuvenate and re-engage at work and in their personal lives. The Energy Project’s ideas are consistent with Stephen R. Covey’s and David Allen’s theories. It’s another view […]
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March 1, 2011
March 1, 2011
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Innovation is a core component of corporate strategy. There is a positive correlation between new products and market share. Creativity is the ability to produce original and valuable work, concepts or ideas. Innovation is the process of turning creative ideas into new products or services. The process includes selection, development and commercialization of those ideas. Pre-employment tests can include tests for creative potential. Companies can select people based on one’s creativity quotient. There are many ways to test creativity, including: Divergent thinking, or generating a lot of ideas and possible solutions Convergent thinking is selecting the best solution Assessing the […]
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January 1, 2011
January 1, 2011
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The Equal Employment Opportunity Commission (EEOC) has finished up its best three years in history in terms of the number of charges filed, the total dollars recovered, and the reduction of backlogged charges. EEOC claims and total dollars recovered from employers hit an all time high ($319 million) in FY 2010. Charges filed in FY 2010 were up 7.1% from the previous year to 99,022. A combination of factors attribute to this trend. The EEOC’s authority has been expanded through legislation; the ADA Amendment Act, the Genetic Information Nondiscrimination Act (GINA) and the Lily Ledbetter Fair Pay Act. The Commission […]
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