by CHRC | Aug 30, 2017 | Economy, Labor Markets, Wage Increases
Figuring out what’s been going on with wage growth has been one big game of Clue. Economists have been scratching their heads trying to solve the mystery. It seems that the San Francisco Fed has focused their magnifying glass on the right things and solved the Who Done It.
The issue is that Mrs. White (remember her?) and her other Baby Boomer friends are retiring. That knife of hers has sliced nearly a full percentage point off of the growth in median weekly earnings, from 5.2% to 4.2%, on an annual basis.
Retirees being replaced by less expensive workers isn’t new; it’s always happened. It is just so much more pronounced with approximately 10,000 or so Baby Boomers (The Silver Tsunami) daily exiting the work force. Read More Here and Here
by CHRC | Aug 24, 2017 | Productivity, Work Place
There are many people that find it hard to get in a work groove during the summer; this can be even harder if you work remotely. But the second that September comes along, there seems to be a “back to school” mentality that grabs everyone, even if they are not in school!
Here is a great piece we ran across about how remote workers can hunker down and be more productive, but they apply to lots of us! I really like #11, the Fitbit reminders, so that I take my eyes off of the spreadsheet and go get a few steps in … and often this little walk is enough to help me solve that issue I’ve been turning over and over in my head. One of my colleagues swears by #6, #8 is a non-starter with my allergies, and along the lines of #2, I just found some inspiring filing products made by Semikolon!
Read More Here
by CHRC | Aug 11, 2017 | Hiring, Human Capital
It’s the end of the week, and perhaps you are sitting at your desk wondering, “What am I doing here?” or “I gotta do something different, but what?”
People jest about doing a 180, but before now, did you really know exactly what that would be? The Upshot section of the NYT has developed this nifty little tool; using the Labor Department’s records on the required tasks and skills for each job to determine what each job’s opposite would be. All you have to do is enter your current job to find your opposite job!
Examining your opposite job does have some benefits. The article mentions that “breaking a job into its component parts helps us look beyond the obvious and think clearly about the things that people actually do.” It’s interesting to see what skills are used most or least for each job. Surprisingly, there’s even some overlap in skills for seemingly dissimilar jobs.
So enter your job, or a dream job, in the little box, to perhaps think outside the box! Read More Here
by CHRC | Aug 4, 2017 | Economy, Wage Increases
Following this morning’s news, and the better-than-expected news, on jobs numbers, I heard this story which had been filed yesterday. Today’s good news does not change the the reporter’s analysis. What really caught my attention was what this reporter stressed towards the very end:
“And, of course, the hourly wage numbers in the employment report are an average.” He goes on to explain some cities that vary from the average and some jobs that do.
This, has been the story all along. As my statistics professor used to stress, “look at the variance around the mean!” Read More Here
