Archive for April, 2012
Monday, April 30th, 2012
According to recent data from a payroll company, Rhode Island small business jobs are climbing.
The online payroll to small businesses nationwide announced April results for its monthly SurePayroll Small Business Scorecard® showing small business owners’ optimism at 65 percent, despite a slight drop in hiring and size of average paychecks. Optimism remains well off its low of 33 percent in September of last year.
For those looking to hire, 40 percent of small business owners said they are having trouble finding qualified candidates in the fields of technology, sales/marketing, customer service and administrative work.
“We have a double-edged sword — on one side there’s a shortage of jobs. On the other side, where there are jobs, there aren’t enough qualified workers to fill them,” said SurePayroll CEO and President Michael Alter. “As a nation, we need to look forward, educating and training in fields where jobs will be available in the future, instead of just training for the jobs available today.”
Month-over-month SurePayroll Scorecard data shows hiring just barely negative (-0.1) and average paychecks down 0.3 percent. Month-over-month regional hiring and paychecks were down slightly in all regions of the country except the South, where hiring was up just 0.1 percent.
Year-over-year, nationwide hiring is down only 1.4 percent and paychecks are down 1.3 percent. The South continues to show promising signs with hiring up 1.8 percent and paychecks up 0.4 percent. The West has had the steepest hiring decline at 5.1 percent.
As the first economic indicator created by a payroll company, the SurePayroll Scorecard has provided a monthly look on national hiring and paycheck trends since September 2004. SurePayroll’s Scorecard compiles data from over 35,000 small businesses, and exclusively reflects the trends affecting the nation’s “micro businesses” — those with an average of eight employees.
Sunday, April 22nd, 2012
Rhode Island unemployment has once again climbed, according to recent stats from the Bureau of Labor and Statistics.
In March 2012, nonfarm payroll employment increased in 29 states and the District of Columbia, decreased in 20 states, and was unchanged in Alabama. The largest over-the-month increase in employment occurred in New York (+19,100), followed by California (+18,200) and Arizona (+13,500). The largest over-the-month decrease in employment occurred in Ohio (-9,500), followed by New Jersey (-8,600) and Wisconsin (-4,500). Arizona experienced the largest over-the-month percentage increase in employment (+0.6 percent), followed by the District of Columbia and Nebraska (+0.5 percent each). Maine experienced the largest over-the-month percentage decline in employment (-0.5 percent), followed by Wyoming (-0.3 percent). Over the year, nonfarm employment increased in 45 states and the District of Columbia, decreased in 4 states, and was unchanged in Alabama. The largest over-the-year percentage increase occurred in North Dakota (+6.5 percent). The largest over-the-year percentage decrease in employment occurred in Wisconsin (-0.9 percent).
Nevada continued to record the highest unemployment rate among the states, 12.0 percent in March. Rhode Island and California posted the next highest rates, 11.1 and 11.0 percent, respectively.
North Dakota again registered the lowest jobless rate, 3.0 percent, followed by Nebraska, 4.0 percent. In total, 23 states reported jobless rates significantly lower than the U.S. figure of 8.2 percent, 7 states and the District of Columbia had measurably higher rates, and 20 states had rates that were not appreciably different from that of the nation.
Thirty states recorded unemployment rate decreases, 8 states posted rate increases, and 12 states and the District of Columbia had no change.
Sunday, April 15th, 2012
A New England trade school said it is working hard to connect its students to viable jobs in Rhode Island.
IYRS, a marine trades and technology school based in Rhode Island, is located along the Ocean State’s 400 miles of coastline in the heart of the marine industry and the vast majority of the school’s students have jobs in place at graduation time. This March, the school is helping more individuals learn about marine-industry careers and connect with the region’s leading employers by hosting a Career Day in early March.
IYRS Marine Industry Career Day takes place on Saturday, March 3 at the school’s Newport campus (449 Thames Street, Newport, R.I.). The event runs from 10 AM to 1 PM and is free to the public. In addition to meeting and talking with employers, attendees can hear informative presentations by experts on careers, training opportunities, and the marine industry.
“Career Day is an invaluable opportunity for those already working in the industry as well as individuals considering a career change,” said Wendy Mackie, CEO of the Rhode Island Marine Trades Association (RIMTA) and a featured speaker at the event. “Attendees will get an overview of career tracks and training opportunities and a rare chance to talk with world-renown business owners and industry leaders. The entire day is focused on giving individuals a chance to network, to learn, and to see how they can fit into this important Rhode Island industry.”
Career Day comes to IYRS as the industry is detecting an uptick in hiring. The tide of downsizing experienced during the latest recession is turning, according to recent surveys and business insiders. A survey of RIMTA members revealed that 42% of the respondents plan to hire full-time, part-time and seasonal employees within the next six months.
Neal Harrell, founder of Newport-based Brooks Marine Group, a recruiting firm that specializes in the marine industry, sees this same uptick on a national scale. This January, his firm announced the addition of two new staff members to help manage the rise in recruitment. The sector Harrell sees most growth in is the demand for skilled tradespeople.
“The demand for skilled tradespeople we are seeing right now is due to two things,” says Harrell. “Companies are reloading their workforce after the cutbacks of recent years; we also have a graying workforce, and new talents are needed to take the place of individuals aging out of our industry’s labor pool.”
Thursday, April 5th, 2012
For the first time in years, hiring is picking up, and jobs in Rhode Island are also increasing.
According to CareerBuilder’s latest nationwide survey, one-third of employers added full-time, permanent employees in the first quarter of this year, on par with 2007 and the highest increase reported since the recession began. The momentum is expected to continue with 30 percent of employers planning to add new full-time, permanent staff in April through June.
The national survey, which was conducted by Harris Interactive from February 9 to March 2, 2012, included more than 2,000 hiring managers and human resource professionals across industries and company sizes.
“We have moved from an anemic job market to one that is stable and growing,” said Matt Ferguson, CEO of CareerBuilder. “While still cautious, employers are feeling better about the state of the U.S. economy and the debt situation in Europe. Forty-one percent of companies reported their sales have increased over the last six months, which is helping to fuel greater confidence in hiring. The amount of job listings we’re seeing for key categories on CareerBuilder.com are similar to that of 2007. All indicators point to steady improvement in the job market in the second quarter and beyond.”
The study also showed there is increased competition for talent among employers. Of employers who recruited for positions in the last year, more than half (56 percent) reported that a candidate rejected a job offer from their organization. Forty-one percent of those attributed the rejection to their inability to provide the candidate’s desired salary while 22 percent said they didn’t offer the position quickly enough and the candidate was already hired somewhere else.
In a previous survey completed in December 2011, 24 percent of employers planned to hire full-time, permanent employees in the first quarter of 2012. The number of employers who actually added headcount in the first quarter of 2012 was 33 percent, significantly higher than what was initially expected and up from 28 percent in Q1 2011.