Adult Education and Job Training Cuts in San Jose California – Where are the Philanthropists now?

It was sad to read about the classes used for job training at the San José Unified district to be axed from next year on. As the San José Mercury News reports: Faced with choices ranging from tough to terrible, San Jose Unified School District officials are considering making drastic changes in 2011-12, including slashing adult education.

To the hundreds of adults struggling to get by while trying to reach the starting line for job training, proposed cuts to their basic skills and English classes feel like the last dream-crusher.

Now since San José is the capital of Silicon Valley which is the incubator of many start-ups which have gone to make billions in the last decade or so and to the many philanthropists who run many such organizations; it is sad to see none of them are standing up and contributing to the core requirement to uplift the economy – to generate jobs. If such centers provide job training to those who need the most and the state /city has to ax them – it’s mighty disturbing. Would a large organization rather give up the holiday bash this December and instead donate to a larger cause?

Perhaps this might move you: Irene Gonzalez, 34, who’s endured ups and many downs since her husband died 2½ years ago, is barely getting by while she learns to become an administrative assistant. “We’re practically homeless,” she said about herself and her four children. “We really need this program.”

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Have an MBA? What Salary would you expect this year?

iimjobs.com – an exclusive job portal for MBAs from premier business schools in India released the findings of second MBA Salary Survey. The survey was conducted to understand trends in compensation of MBAs from top business schools in India.

The survey was administered from May 16 to 31, 2010 with over 5600 MBA graduates sharing their salary data anonymously. (Note: this survey is conducted in India tabulating Indian MBA graduate salaries)

“We conduct this survey every year to help professionals benchmark their salary against their peers in the Industry. We made sure that we didn’t collect any individually identifiable information to maintain confidentiality during the whole process. The data was then tabulated based on area of specialization and years of experience. The areas being covered as part of this survey are – Finance, Marketing, General Management/Consulting, and Systems (IT)”, said Tarun Matta, founder of iimjobs.com

Salaries grew fastest at 12.7% for professionals working in IT sector, taking them closer to their batch mates working in Finance and Consulting. Average salary for MBAs, not necessarily including the people who earned a masters degree online, working in IT sector was observed to be 12.9 lakhs for 3 to 4 years of experience and 17.3 lakhs for 5 to 7 years of experience.

Professionals in Sales & Marketing saw 11.8% growth in compensation this year. Average salary for MBAs working in Sales & Marketing was observed to be 9.8 lakhs for 1 to 2 years of experience, 13.6 lakhs for 3 to 4 years of experience and 18.1 lakhs for 5 to 7 years of experience.

Average salaries in Finance was observed to be 11.5 lakhs for 1 to 2 years of experience, 14.3 lakhs for 3 to 4 years of experience and 19.6 lakhs for 5 to 7 years of experience.

Average salaries in Consulting grew around 7.6% and was observed to be 11.5 lakhs for 1 to 2 years of experience, 14.7 lakhs for 3 to 4 years of experience and 18.4 lakhs for 5 to 7 years of experience.

“Even though, salaries in finance and consulting didn’t increase as much as other sectors, the average salaries were observed to be higher than sales, marketing and IT. Finance and consulting still remain top choices for MBAs graduating from top business schools”, added Tarun Matta, founder of iimjobs.com

“We also collected attrition data this time. Attrition rate was observed to be highest at 13.6 % for Finance graduates with 3 to 4 years of experience. It was lowest at 6.9% for professionals in General Management/Consulting. Average Attrition rate was 11.2%”, said Tarun Matta, founder of iimjobs.com.

Contact: info@iimjobs.com

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Jobs and Employment News April 2010

It is kind of deceptive and confusing when I read the employment updates and the current economic recovery news for the US. Some things are on the upward trend and maybe calls for celebration but with the main problem lurking darkly around, the joblessness and no-hiring – the middle class is in for a long haul. Whatever the analysis, here is what’s going around:

CNN Money reports:

Jobless claims in another surprise surge

The number of Americans filing for unemployment insurance for the first time jumped for the second week in a row, according to government data released Thursday.

There were 484,000 initial jobless claims filed in the week ended April 10, up 24,000 from an unrevised 460,000 the previous week, according to the Labor Department’s weekly report.

Read on…

Financial Times reports:

Dimon And Bernanke Upbeat On U.S. Economy (JPM)

According to a report by the Financial Times, Jamie Dimon , the head of JP Morgan Chase & Co. (NYSE: JPM), and Ben Bernanke, Chairman of the Federal Reserve, showed optimism over the state of U.S. economy on Wednesday and said that stronger businesses and consumer spending is harbinger of an economic recovery. Both Bernanke and Dimon used the same optimistic language at different venues, downplaying fears of a return to sluggish growth. The Remarks from Washington, where Bernanke testified before the Congress, and New York, where Dimon announced strong first-quarter results for JP Morgan, helped the markets to move higher on Wednesday.

The Dow Jones industrial average crossed the psychological mark of 11000, moving to 11,123 and the S&P 500 crossed the critical 1,200 marks. Stronger-than-expected retail sales in the month of March have resulted in a positive mood. However, Bernanke was more cautious than Dimon in expressing optimism for the economy. In his testimony before the Joint Economy Committee in Congress, Bernanke predicted “moderate economic recovery” due to higher spending by businesses and consumers. He had slightly upbeat outlook on the economy than in the past.

Read on…

 Financial Times reports:

European Central Bank warns of global imbalances threat

Distortions in the global economy that provided the backdrop to the financial crisis threaten to widen again and upset the worldwide recovery, the European Central Bank has warned.

In unusually blunt language, the ECB has made clear its fear that governments are not doing enough to put the global economy back on a sustainable growth path – despite international policy initiatives in the past year.

“At the current juncture, global imbalances continue to pose a key risk to global macroeconomic and financial stability. The stakes are high to prevent a disorderly adjustment in the future that would be costly to all economies,” it concludes in a special article in its monthly bulletin published on Thursday.

Read on…

 

Speedy Recovery: India’s Job Market Heats Up

According to a report by the Associated Chambers of Commerce & Industry (Assocham), the Indian economy will create 87.37 million new jobs by 2015. The study was released in March by the secretary of the Planning Commission, which gave the projections an official seal of approval.

According to Assocham’s survey, the most significant growth will come from the manufacturing sector, which will add 32% (27.88 million) of the new jobs. Trade will be next with 24.24 million jobs, following construction with 15.13 million. Tourism-related employment, information technology (IT) and IT-enabled services (ITeS), and financial services will also grow. The weak spot is agriculture, which will be stagnant. “Most of corporate India — including foreign organizations — is witnessing a resurgence,” says Sandeep Chaudhary, leader of human resources outsourcing firm Hewitt Associates’ performance and rewards consulting practice in India.

Read on…

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Jobs Growth in March 2010 on the Positive

Some good news on the job front came in recently, are we in for an upturn after all? Well tough to say for sure now since the unemployment rate hangs on around 9.7%, but after this deep recession any good news is welcoming, let’s hope it is as strong and remains positive as the numbers say here.

CNN reports:

The U.S. economy gained more jobs in March than any other month in the last three years, according to a government report released Friday.

The Labor Department said the economy gained 162,000 jobs in the month, compared to a revised reading of a 14,000 job loss in February. That makes March only the third month of gains since the recession began.

Economists surveyed by Briefing.com had forecast a gain of 184,000 jobs. But despite missing forecasts, the March number was generally not seen as a disappointment by economists, because revisions in January and February readings added a combined 62,000 additional jobs.

The unemployment rate remained stubbornly high, holding steady at 9.7%, matching economist expectations.

Read more…

 

BLS.gov reports:

Among the major worker groups, the unemployment rates for adult men (10.0 per-cent), adult women (8.0 percent), teenagers (26.1 percent), whites (8.8 per-cent), blacks (16.5 percent), and Hispanics (12.6 percent) showed little or no change in March. The jobless rate for Asians was 7.5 percent, not seasonally adjusted.

The number of long-term unemployed (those jobless for 27 weeks and over) increased by 414,000 over the month to 6.5 million. In March, 44.1 percent of unemployed persons were jobless for 27 weeks or more.

The civilian labor force participation rate (64.9 percent) and the employment-population ratio (58.6 percent) continued to edge up in March.

The number of persons working part time for economic reasons (sometimes referred to as involuntary part-time workers) increased to 9.1 million in March. These individuals were working part time because their hours had been cut back or because they were unable to find a full-time job.

About 2.3 million persons were marginally attached to the labor force in March, compared with 2.1 million a year earlier. (The data are not seasonally adjusted.)

These individuals were not in the labor force, wanted and were available for work, and had looked for a job sometime in the prior 12 months. They were not counted as unemployed because they had not searched for work in the 4 weeks preceding the survey.

Read more…

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Jobs and Employment News March 2010

Jobs Bill Signed Into Law by Obama

In signing the bill, called the HIRE Act, the president said that while government can’t be the only solution to address lagging employment in the wake of the recession, it can serve to “promote a strong, dynamic private sector” that can drive job creation.

The bill includes $17.5 billion in tax cuts, business credits and subsidies for state and local construction bonds, and moves $20 billion into the highway trust fund for spending on highway and transit programs. It exempts businesses that hire unemployed workers from paying the payroll security tax through December of 2010.

Read on….

 

News from the White House

The White House issued a Statement of Administration Policy (SAP) supporting the inclusion of $600 million for summer employment programs for youth in the House passage of the Disaster Relief and Summer Jobs Act of 2010, saying that in addition to essential help in keeping America prepared for natural disasters, “It also takes another important step forward in the ongoing effort to help put Americans back to work through the expansion of a youth summer jobs program and offers continued support to America’s small businesses, which are the backbone of the American economy.”

Read on…

Unemployment Update

In February, the number of unemployed persons, at 14.9 million, was essentially unchanged, and the unemployment rate remained at 9.7 percent.

Read on…

 

California Layoffs Database: See if your company is planning big jobs cuts in 2010

California’s WARN law requires certain companies with more than 75 employees to provide 60 days advance notice of a plant closing or mass layoff involving 50 or more employees.
Search our database by company to see if your employer has filed a notice and to see how many layoffs were made in 2008 and 2009 and planned for 2010 in each California city where it has a facility.

Search SJ Mercury News…

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The Workplace Changes as Recession Continues

A major trend from the current recession has been a continued wave of layoffs and outsourcing and as we all have seen in the past two years, more and more companies around the world are focusing on cutting on spending that mainly results in a reduction in workforce.
As soon as there is a revenue drop or even a prediction we see major layoffs being announced. This has been a trend in the last many months and continues this year as well. Here is a short compilation of how companies have fared and used strategic tactics to keep afloat and grow during recession.

Expatica.com says:

Companies making tough choices to stimulate growth during recession

Firms focused on rapid growth are blending defensive tactics like staff cuts with offensive measures in their efforts to pass their competitors, according to a new report from the Economist Intelligence Unit.In an economic downturn as steep as the current recession, companies tend to hunker down, cut costs and seek efficiencies. But firms focused on rapid growth are blending these defensive tactics with offensive measures in their efforts to pass their competitors.
This is the main finding of a new research report from the Economist Intelligence Unit (EIU), Management magnified: Strategies for revenue growth in an economic downturn, sponsored by SAS. The research is part of a three-pronged analysis of management strategies that includes an examination of decision making in a recession and an assessment of executives’ perceptions of the link between sustainability and growth.
Companies will continue to face challenges in the near term. The EIU forecasts a slow recovery for the global economy through 2013, although performance will vary by region and industry. The economies of North America and Western Europe will slowly expand, not topping 2 percent GDP growth until 2013. Latin America and the transition economies in Central and Eastern Europe will pick up in 2011, and the Middle East and North Africa will experience a somewhat stronger rebound, starting in 2010. Emerging Asia will be the fastest growing region in 2010 – 13, led by India and China.

Read on ….

Some snippets from the last year:

Computerworld reports:
HP revenue drops in tough climate

Computer industry bellwether Hewlett-Packard Co. reported a 3% drop in revenue as its major lines of business continued to be hammered by the global recession.
The company also became the latest technology vendor to resort to layoffs in order to cut costs. Over the next 12 months, HP will lay off about 2% of its work force, or about 6,000 employees, HP Chief Financial Officer Cathie Lesjak said during a conference call with financial analysts Tuesday. HP employs 321,000 worldwide.

Another major impact comes from outsourcing jobs to lower spending.
Another report from Computerworld says:

IBM, which is cutting thousands of employees in a move that it has refrained from describing as a layoff, is offering affected workers what it calls Project Match. The employees who can take advantage of the offer include those who have been “notified of separation from IBM U.S. or Canada” and “are willing to work on local terms and conditions,” the company said.
U.S. workers have long taken jobs in other countries to get promotions or for the experience of living overseas, but corporate expats are typically paid on a U.S. wage scale. IBM said that as part of Project Match, it is offering workers financial aid to offset moving costs, assistance with visas “and other support to help ease the transition of an international move.” But their wages may be similar to the pay of employees in the countries to which they’re moving.

Read on…..

Changes in policies and long-term plans might be in place for many organizations but what they must understand that even during the tough times the most important asset of any company is its people. They must ensure that employees do not live under the fear of layoffs or termination. It is extremely difficult to thrive and be productive if you fear a sword hanging over your head. This year the focus must shift towards retaining their talent, recognizing hard working / valuable employees and appropriate changes in marketing strategies to ensure a decent ROI.

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Employment and Workforce News

Employment, workforce news and updates from the last month and projections for the future from various sources, and as usual you will see that the reports are not so very consistent.. we all hope that the recession is behind us and the predictions make us elated or sad and so does the DOW goes up and down… more people have lost jobs in the last 2-3 months than ever before in a given month then why are we rejoicing on the unemployment rate “falling” to 9.7 percent!
Well, the bottom line is not that how many people lost their jobs but how many more jobs were created.
Here are some major news from the US on employment and new jobs created:

From CNNMONEY.COM

NEW YORK (CNNMoney.com) — The government’s monthly job report on Friday showed that the disastrous labor situation plaguing the nation’s economy is moderating. But the report also underlines an unsettling reality: 8.4 million jobs have been vaporized since the recession began, and digging out won’t be easy.
The unemployment rate fell unexpectedly in January to 9.7%. And businesses shed 20,000 jobs for the month, far fewer than the 150,000 jobs that were lost in December.
But, at the same time, the Labor Department revised its previous estimates for the number of jobs that have been lost over the past 25 months. What they found wasn’t pretty.
Since the recession began in December 2007, the economy has lost 1.4 million more jobs than previously believed. The adjustments also showed losses for 2009 alone came to 4.8 million jobs, greater than 600,000 more than previously estimated.

 
From the WALL STREET JOURNAL

Productivity, Jobless Claims Rise
The number of U.S. workers filing new claims for jobless benefits unexpectedly rose last week, indicating the labor market remains sluggish even as the economic recovery gains steam.
Initial claims for jobless benefits rose by 8,000 to 480,000 in the week ended Jan. 30, the department said in its weekly report. The previous week’s level was revised upward to 472,000 from 470,000.

 

From the WHITE HOUSE

Back to Basics: Creating New Jobs with the National Export Initiative
The NEI is going to impact a whole array of issues that affect our ability to export, but we’re fundamentally focused on three things:

  • Expand the US government’s export promotion efforts in all its forms. Many American companies don’t export, or export less than they should, because they simply don’t have the resources to identify promising new markets or the necessary contacts in foreign countries. The National Export Initiative will funnel $132 million to the Department of Commerce’s International Trade Administration (ITA), and the US Department of Agriculture to educate U.S. farmers and businesses about opportunities overseas and directly connect them with new customers.
  • Improve access to credit, especially for small- and medium-sized businesses that want to export.
  • Increase the government’s focus on knocking down barriers that prevent U.S. companies from getting open and fair access to foreign markets.

 

From FORBES.COM

Economic Recovery Not Translating To Jobs
Surprise jump in weekly unemployment claims has investors on edge heading into Friday’s nonfarm payrolls report.
The Labor Department reported a surprise increase in first-time unemployment claims Thursday, a worrisome signal ahead of Friday’s much-anticipated January jobs report.
Related Posts:
Latest News on Employment from the US
Will our Jobs be more Stressful in 2010?
Creating New Jobs – News from the White House

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Latest News on Employment from the US

Here is a compilation of some recent news on job/employment news from the country.

From CNBC:
Green Jobs Success Will Take Major, Long-Term Commitment
By Trevor Curwin,, Special to CNBC.com 19 Jan 2010

The Obama administration may be tempted to wage a two-front war on climate change and joblessness by pushing for green jobs in the renewable energy sector, but such a strategy will mean committing to a long campaign. Looking for the green equivalent of an atomic bomb to obliterate ten percent unemployment, energy price volatility and carbon emissions all at once may not be the right approach, says Jesse Jenkins, director of energy and climate policy at The Breakthrough Institute, a clean energy research group.
“This looks more like the Cold War than the Manhattan Project,” says Jenkins. “There are no short-term solutions to real problems.”
Jenkins and others in the renewable energy sector see the need for the right mix of long-term technology investment—in a sector where installed power generation capacity and electricity contracts are measured in decades—and short-term job creation to keep the issue at the top of the public’s mind.
On Jan. 8, President Obama announced $2.3 billion in tax credits for 183 different firms working on new energy storage and other renewable energy technologies, claiming the investment would create 17,000 American jobs.

From USNews.com
White House Changes Job-Count Rule
Posted January 12, 2010

WASHINGTON — The White House has abandoned its controversial method of counting jobs under President Barack Obama’s economic stimulus, making it impossible to track the number of jobs saved or created with the $787 billion in recovery money.
Despite mounting a vigorous defense of its earlier count of more than 640,000 jobs credited to the stimulus, even after numerous errors were identified, the Obama administration now is making it easier to give the stimulus credit for hiring. It’s no longer about counting a job as saved or created; now it’s a matter of counting jobs funded by the stimulus.
That means that any stimulus money used to cover payroll will be included in the jobs credited to the program, including pay raises for existing employees and pay for people who never were in jeopardy of losing their positions.
The new rules, quietly published last month in a memorandum to federal agencies, mark the White House’s latest response to criticism about the way it counts jobs credited to the stimulus. When The Associated Press first reported flaws in the job counts in October, the White House said errors were being corrected and future counts would provide a full and correct accounting of just how many stimulus jobs were saved or created.

From Yahoo News:
White House says stimulus has saved two million jobs
Wed Jan 13, 1:53 AM
By Alister Bull

WASHINGTON (Reuters) – President Barack Obama’s emergency spending measures last year saved up to 2 million U.S. jobs, the White House said on Wednesday, but it warned that the outlook for the economy remained uncertain.
Obama, anxious to reduce double-digit U.S. unemployment which has dented his popularity, has already called for additional government measures to boost jobs on top of the $787 billion stimulus package he signed in February 2009.
Christina Romer, head of Obama’s Council of Economic Advisers, said she expects positive job creation by the spring, but stressed that there was definitely a need for additional “targeted action” to aid employment.
“There is uncertainty about where the economy is going …when will the private sector come back,” Romer told reporters on a conference call to discuss a quarterly report to Congress on the stimulus package.

From the CAP Times:
Tech: Easing of tech job cuts offers hope of 2010 turnaround, report says

Planned job cuts announced by technology firms rose for the second consecutive year in 2009, reaching the highest level since 2005, but a sharp downward trend in the second half of the year offers hope of a 2010 turnaround, according to a new report.
Employers in the technology sector, which includes computer, electronics, and telecommunications firms, announced 174,629 planned job cuts in 2009, according to a report released Tuesday by Challenger, Gray & Christmas Inc., the global outplacement consultancy that tracks job-cut announcements daily.
Meanwhile job cuts among firms in the telecommunications industry actually declined; falling 9.4 percent annually from 48,648 to 44,068.
“The recession’s impact on the tech sector was inescapable,” John A. Challenger, CEO of Challenger, Gray & Christmas, said in a statement. “Even with the economy showing some nascent signs of recovery beginning the second half of year, many companies are holding off on investments in new technology. And, with it still difficult for small businesses and start-ups to obtain loans, there are few opportunities for tech firms to expand their customer base.
“The worst of the downsizing occurred in the first quarter, which is when the overall economy hit rock bottom. It’s going to be a slow climb out of this recession, but computer and electronics firms should be among the first to see the turnaround, as companies try to postpone hiring by achieving productivity gains through technology.”
Spending on information technology is expected to increase by 6.6 percent in 2010, after falling by 8.2 percent in 2009, according to an outlook released last week by industry analysts Forrester Research.
Technology spending and employment should be helped by continued efforts to move the health care industry into the era of electronic health records, according to Challenger. Preliminary data from a 2009 survey conducted by the National Center for Health Statistics found that while show that about 44 percent of physicians are using electronic medical or health record systems in their offices and practices.

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Creating New Jobs – News from the White House

On Thursday December 3, 2009, the White House is on the course to find the way out of recession – the only way to create more jobs and keep the millions others from losing their jobs in the coming year.

CNN reports:
President Obama and some lawmakers are searching for a way to stem this unrelenting loss of jobs, which is casting doubt on effectiveness of many of his economic programs, from his $787 billion stimulus plan to his $75 billion foreclosure prevention initiative.
The guests will also include small business owners, academics and non-profit leaders.
On the schedule are discussions on green jobs, small business employment, infrastructure and exports. Also, breakout groups will look at ways to encourage business competitiveness and to better prepare workers for the economy of the future.

The White house Blog reports that there are signs that the Recovery Act is working (the Recovery Act: On February 17th, 2009, the President signed The American Recovery and Reinvestment Act, or Recovery Act, into law. This Act is an unprecedented effort to jumpstart our economy, save and create millions of jobs, and put a down payment on addressing long-neglected challenges so that our country can thrive in the 21st century). Read more about this act at the White House website.

It is in fact a good idea to end the year with some concrete plans for job recovery and financial stability plans for the coming one. The outcome depends on how soon the government can get these acts and proposals in practice. Let’s hope that we see results and it not a mere hype or “stunt” as some people say who are skeptical about this summit.

Update:

The White House Blog has updates on this news based on an address by the President at the Brookings Institute.
In Summary, the following steps can stabilize and get more jobs in the US:

1. Helping Small Businesses Expand Investment, Hire Workers and Access Credit

2. Investing in America’s Roads, Bridges and Infrastructure

3. Creating Jobs Through Energy Efficiency and Clean Energy Investments

Read the complete article here.

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Clean Tech gets Millions in Funding – The Jobs for the next decade could be here

The new agency (Arpa-e) received initial funding of $400 million through the federal stimulus act. In all, 37 grants were handed out to small business, research groups and large corporations in the first round of funding for a total of $151 million.

  • Awards included $2.2 million to University of Minnesota researchers working on organisms that use sunlight to convert carbon dioxide into sugars, and another organism to create gasoline and diesel from the sugars
  • $9 million to du Pont to produce an advanced biofuel from seaweed

And in the SF Bay Area:

  • Envia Systems, based in Hayward, received $4 million for its work to develop higher-density lithium-ion batteries for hybrid and electric cars, as well as electronic gadgets.
  • NanOasis in Richmond was awarded more than $2 million to develop a process that could dramatically reduce the cost and energy needed for desalination to supply fresh water for farmers and cities.
  • PAX Streamline in San Rafael received $3 million for low-cost wind turbine technology.
  • Porifera, of Hayward, given more than $1 million, is researching a membrane that can capture carbon dioxide.
  • Stanford University garnered nearly $5 million to create systems that enable people to easily monitor home and office energy use in order to conserve energy.
    (Source of the above information: San José Mercury News)

From such news you can find out exactly which companies will be hiring in the next year or so and if your expertise falls in related fields it is time to spruce up your resume and relevant skill set to get in the clean-tech sector. Also if you are looking forward to reinvent your career and want to re-train in the clean energy area, you now know where to find out what the companies are looking for as far as experience or education is concerned.


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