The Inside Job


January 2009


Goodbye Billable Hours

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Earlier this month I reported that pay cuts could be a good way for law firms to avoid layoffs. Today the New York Times has another--law firms are using alternatives to the decades-old practice of billing clients by the hour, a practice that irks many clients (and clients have more leverage in ...

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careers

Could the Recession Save Customer Service?

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I haven't opened my wallet for much more than breakfast and subway fare in months (a year?). I'm obviously not the only one. (Kevin Lane, a financial advisor in Prescott, Ariz., calls our nationwide flight to thriftiness "The New Frugality," and he sees it up and down the income strata. "Even ...

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careers

Why Lily Ledbetter is Controversial

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Even though Lily Ledbetter couldn't make her case to the Supreme Court, many of us probably believe that people should be able to sue for wage discrimination at a point beyond the 180-day period after their first discriminating paycheck, particularly if, like Ledbetter, we've worked at a place for ...

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careers

How Slacker-Searchers Can Survive a Layoff

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Almost all advice on surviving a layoff involves hard work. The paid daily grind gives way to the unpaid daily grind, as you "treat your job search like a job" and work your connections, perfect your resume, clean up your cover letter, and network, network, network.

But is that really the advice ...

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careers

Starbucks Calls Off Decaf--After 12 PM?

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Call me crazy, but I would have thought Starbucks customers switched to decaf in the afternoon or evening, rather than imbibing the beverage before work in the early morn. But I'd be wrong.

Starbucks announced today that they will no longer have a pot of decaf at the ready after 12 p.m. each ...

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careers

Target Layoffs Add to Toll

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On the heels of massive job cuts at several major corporations yesterday, Target said today it would be laying off employees at its corporate headquarters in Minneapolis, reports the Star-Tribune.

A Target spokeswoman would not offer details on the number of positions that would be eliminated. The ...

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careers

Rush Limbaugh Defends John Thain

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Former Merrill Lynch CEO John Thain's reported $1.2 million office makeover--said to have been done in early 2008, after Thain was hired to help save the ailing brokerage, and months before an agreement to sell Merrill to Bank of America--has really bugged taxpayers, since billions in TARP funds ...

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careers

How to Tell if Your Company Got Some TARP

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A lack of transparency in the use of government's TARP (Troubled Assets Relief Program) rescue money has rankled taxpayers. Good news then that Neil Barofsky at the Treasury Department is "preparing to ask every bank and company that's received a dollar from the $700 billion financial rescue to ...

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careers

Obama Gets Tough With White House Staffers

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President Obama on Day 1: He's freezing pay for White House staffers who make more than $100,000-- including chief of staff, national security adviser and press secretary, according to the AP.

New rules that prevent staffers from working on issues for which they've lobbied, prohibit taking ...

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careers

Country Has New President, Same Market

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Here in Washington today, the massive crowd filing onto the National Mall seemed certain of the power of change--momentous, all-consuming change. But on Wall Street, today's mood was a bit different. 

The Dow Jones Industrial Average fell 332 points today on worries about the health of the nation's ...

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careers

Librarians' New Job Title: Career Counselor

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I'm a major proponent of library usage. I have library cards in my wallet issued from the last three cities in which I've lived, and, while I haven't kept track, I can assure you that those cards have prevented the other cards (credit, debit) from some abuse. The really great libraries hold more ...

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careers

Jobless Claims: Pay No Mind

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The number of people filing initial claims for unemployment benefits rose last week to 524,000 from a revised 470,000 a week earlier, according to the Labor Department.

This is a bit higher than economists expected but it isn't much of a surprise, given that lackluster holiday sales hit retailers ...

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careers

Help Wanted: $100,000 to Be Island Caretaker

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Looking for work? How about six months of island caretaking (i.e. tourism promoting) on Hamilton Island in the Great Barrier Reef--and a six-figure paycheck?

Yes, it's real. And yes, it's got everything to do with publicity. The "Best Job in the World" campaign is meant to "highlight the Islands of ...

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careers

Obama's 4 Million Jobs: A Guide

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If you heard the President-elect's announcement over the weekend that his economic recovery plan would create or save an estimated 3 million to 4 million jobs, you may be interested in a better look at the research behind those numbers.

First of all, here is a transcript of Obama's radio address,

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careers

Jobs Report: The Good, Bad and Ugly

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This morning's jobs report shows a major leap in the unemployment rate--from a revised 6.8 percent to 7.2 percent. That increase is huge, particularly given that we spent a month believing November's unemployment rate was 6.7 percent.

Employers shed 524,000 jobs in the last month of the year, the ...

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careers

Joe the Plumber's New Job: War Correspondent

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Joe the Plumber is soon headed from Ohio to Israel--to report on the conflict. It sounds like an Internet rumor, but there is, in fact, a report from the AP:

TOLEDO, Ohio (AP) — Joe The Plumber is putting down his wrenches and picking up a reporter's notebook.

The Ohio man who became a ...

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careers

The Jobs We Lost in 2008

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It was difficult to keep track of job losses last year, other than to grasp their breadth and frequency. This interactive chart tracks the percent change by sector.

It's interesting to note that the finance/insurance industry employment drop was roughly on par with the total nonfarm drop.

Check out ...

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TAGS:
careers
economy
recession
unemployment

What Makes a "Best" Job?

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The most popular story at the WSJ right now is about the "best" and "worst" jobs in the U.S. The jobs list covered in the story is from CareerCast.com, a new job search site (from Adicio which is part-owned by the Journal).

It's an interesting list because it favors the office work environment.

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careers

Why Burris, Panetta, Franken Are Just Like Us

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According to the Labor Department, more than 10 million Americans are trying to find jobs and want to work, but some obstacle is standing in their way. The obvious roadblock is the recession and its destruction of available jobs. But things like poorly written resumes, lack of relevant experience,

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careers

Las Vegas CityCenter Has 12,000 Job Openings

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Las Vegas has not been doing so hot during the recession--gaming revenues are down, unemployment is up, home values have taken a major hit. But pessimism isn't really a Vegas trait, and a new development on the strip has 12,000--count em--job openings to prove it.

The new CityCenter "urban ...

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careers

Just For Men: For Second Careers

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I caught an interesting TV commercial this morning for Just For Men hair dye. A silver-haired father and his wife greet their son's acceptance into college with an understandable concern--how to pay for it? The solution: the father says he'll go for a job interview.

Next scene: Father's got a brand ...

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careers

Recession Concessions for 2009

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Here--a brief rundown on some of the things workers will be giving up this year:

The city/company car: In New York, city agencies will be forced to hand over the keys to nearly 700 city-owned cars--saving the administration some $20 million over two years, the New York Times reports.

The private ...

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careers

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