Tuesday, March 13, 2007
Labour Stats:
District of Columbia, and in all 4 regions. The U.S. jobless rate fell by 0.5 percentage point to 4.6 percent in 2006, while the national employment-population ratio increased by 0.4 percentage point to 63.1 percent.
Regionally:* The West recorded the largest unemployment rate decrease of -0.6 point* The South and Midwest had unemployment declines of -0.5 and -0.4, respectively* The Midwest and South were the only two regions to register jobless rates significantly different from the nation* The range between highest and lowest regional unemployment rates shifted down to 0.5 percentage point from 0.6 point in 2005. The last time the range was this small was in 1990.
Wednesday, March 7, 2007
American Job Satisfaction
More than 50% of Americans are unhappy with their job, according to a report of 5,000 households. The decline is not concentrated among young workers (under the age of 29), but crosses all ages and is indicative of all workers, not just a particular demographic. However, the number of hours worked directly affected job satisfaction: up to 60 hours per week is satisfying, over 60 hours per week becomes overly stressful. The major concern reported about the breadth of the downward shift in job satisfaction is that it carries over into motivated production and employee retention.
Other facts from the report include:
* Workers earning $15,000 per year or less are the least satisfied
* Workers exceeding $50,000 per year are the most satisfied
* Bonus plans and promotion policies rated as the least satisfactory benefits, with less than 23% satisfied with their company policies
* Educational and job training programs as well as non-monetary recognition were rated low in satisfaction as well, with less than 30% satisfied with these job aspects
* Less than 36% of employees were content with their workload, work/life balance, communication channels, and potential for growth
* More than 56% of workers were satisfied with their commute, co-workers, and interest in their work
Download the full report: http://www.conference-board.org/utilities/pressDetail.cfm?press_ID=3075
The 11 Behaviours That Can Derail Your Climb to the Top
In Authors David Dotlich & Peter Cairo book “ Why CEO’s Fail: The 11 Behaviours That Can Derail Your Climb to the Top—and How to Manage Them.”, they identified the 11 derailers most common among executives:
They are:
1. Arrogance—they think that they are right, and everyone else is wrong.
2. Melodrama—they need to be the center of attention.
3. Volatility—they are subject to mood swings.
4. Excessive Caution—they are afraid to make decisions.
5. Habitual Distrust—they focus on the negatives.
6. Aloofness—they are disengaged and disconnected.
7. Mischievousness—they believe the rules are made to be broken.
8. Eccentricity—they try to be different just for the sake of it.
9. Passive Resistance—what they say is not what they really believe.
10. Perfectionism—they get the little things right and the big things wrong.
11. Eagerness to Please—they try to win the popularity of others.