Friday, October 1, 2010
Examining the Double-Dip Recession Possibility,
Participate in Orion's Transition Corner,
Characteristics of Leaders,
Congratulations to This Month's Winner,
Orion Recruiter Gives Interview Advice in Military Times Edge article,
Connect with Orion
Examining the Double-Dip Recession Possibility
There has been tremendous talk in the U.S. media that there might be a “double-dip recession”. Most Americans know that is not a positive thing, but really aren’t sure what a double-dip recession is. According to www.investopedia.com, a double-dip recession is “when gross domestic product (GDP) growth slides back to negative after a quarter or two of positive growth. A double-dip recession refers to a recession followed by a short-lived recovery, followed by another recession.”
Many factors are influencing these media reports. Consumers are wary and aren’t ready to loosen their purse strings. Unemployment remains high; Europe is in a debt crisis; and the housing market remains shaky. Because of these factors, many economists believe the U.S. is headed for a double-dip recession.
However, early September provided a glimmer of hope as the Employment Situation reports are suggesting that a double-dip recession has a very low probability of occurrence. Some of the positive highlights of the Employment Situation reports include:
• Net private payrolls have been positive every month since January. This includes a more than expected $67,000 increase in August.
• On average since January, private payrolls have averaged $95,375 in gains. While this remains below the $100,000 needed to enforce labor growth, it is still positive news given the recent recession.
• Non-farm payrolls declined $54,000 in August, which was above the forecast of -$120,000.
• Average hourly earnings increased 0.3%.
• As predicted, the unemployment rate rose from 9.5% to 9.6%, and the labor force increased by 0.4%. Normally when unemployment climbs it is a bad signal. However, since the labor force increased, there is an indication that workers believe more jobs are returning.
Even with the positive report, many Americans still believe we are at risk for a double-dip recession. With the recent positive Employment Situation reports, many economists are steering away from this idea. There are several conditions that would prove the existence of a double-dip recession. These include:
• Housing markets continuing to fall in already hard-hit regions.
• Consumer spending stagnating and declining.
• Consumer confidence falling.
• Auto sales dropping to recession levels.
• The trade balance dropping.
• The national deficit rising sharply.
• Stock markets falling dramatically.
• The banking industry producing more failures.
With most of these conditions stabilizing, however, financial experts are trending towards permanent recovery from this recession. Hopefully, this will prove to be true.
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Characteristics of Leaders
Are you one of those people who wants to advance their career to a leadership position? Perhaps you don’t want to reach the top, but wonder what is ticking inside the mind of your boss or your company’s CEO. While great leaders come in many shapes and sizes, over time, psychologists and other behavioral experts have been able to hone in on some key characteristics of leaders. Most great leaders:
• Lead by Example: If you want confident, disciplined, and motivated employees, as a leader, you must also be these things.
• Master Open Communication: Leaders always keep an open door, and keep their team informed. They also encourage their employees to speak openly, and they listen with an open mind.
• Encourage Excellence: Leaders set the bar high and encourage their employees to meet their expectations.
• Inspire: Great leaders have the ability to motivate and inspire their employees to do great things and reach higher.
• Are Intelligent: Most leaders are intelligent and enjoy learning. They challenge themselves with new ideas and are avid readers.
• Forward Thinking: Leaders are always forward thinking. They look outside the box and have strategic vision.
• Are Motivated: Leaders tend to be extremely motivated and thrive on internal drive. They aren’t complacent and need to challenge themselves regularly.
• Are Tolerant: Leaders are tolerant to ambiguity. They are perfectly fine with uncertainty and risk. After all, this is where they see a return on their investment.
Ralph Waldo Emerson said, “Do not follow where the path may lead. Go instead where there is no path and leave a trail.” If you desire a leadership role in your personal or work life, consider this list and the words of Emerson and decide what leadership characteristics you need to develop in order to reach your goal. And remember to always be sure to lead by example.
Congratulations to This Month's Winner
Growth Careers in 2010
Careerbuilder recently published its 2010 Mid-Year Jobs Forecast listing careers that are among those in need of qualified candidates. The Forecast found that one in five employers currently have positions that they have been unable to fill. Additionally, 48% of Human Resource Managers surveyed said that there is an area of their company that is lacking skilled workers in one of these careers.
Skilled Trades: Careerbuilder cites the reason for a shortage of workers in these jobs is that the expertise required for them is often not necessarily learned in a four-year school, but requires education, training, and experience. Justin Whitworth, a former Petty Officer First Class in the Navy, transitioned easily into this field as an Electrician with Parker Drilling earlier this year thanks to his technical experience in the military, and continues to enjoy his career.
Transportation/Warehousing: These types of careers are expected to see 31.6% growth in job openings this year over last (according to research firm Borrell Associates). Paul Cordy, a Distribution Supervisor at Wegman’s Food Market, believes his placement in this industry is a great fit and utilizes his experience as a Gunnery Sergeant in the Marine Corps.
Engineering: Engineering jobs have historically been very hard jobs to fill, and this continues to be the case. As many engineers prepare for retirement, the industry is experiencing a shortage of qualified applicants. Among the many veterans Orion has placed in this field is Stan Coleman, a former Lieutenant Commander in the Navy, who is now an Engineering Manager at Amway. Coleman directly attributes his success to the leadership skills he developed in the Navy and says they are necessary and invaluable skills for most management level careers.
Sales and Customer Service: According to Careerbuilder, 25% of hiring managers plan on hiring for customer service positions, and 22% plan on hiring sales associates throughout the remainder of 2010. With companies focused on finding new business and raising revenue, sales candidates are important to the bottom line. Craig Fury, Sales Representative with Aardvark Tactical and a former Army Captain, has found success in this arena. After only five months in his new career, he has seen his territory doubled.
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Orion Recruiter Gives Interview Advice in Military Times Edge article
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