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Layoffs and Downsizing in 2007

Filed under: Career Move by Greg Heslin, November 12th, 2007 4:38 pm

Many businesses are being forced to downsize their number of employees to cut costs or because the business feels it should operate with fewer employees. Downsizing is the act of reducing the number employees on a company’s payroll and is considered different than layoffs. Downsizing is scaling down the number of employees permanently rather than temporarily like layoffs. Employees who are laid off usually have a good chance at being rehired, where as those who are victims of downsizing do not.

The majority of layoffs are due to a company’s desire to lower costs. Usually there will be employees in positions that are unnecessary, thus allowing the company to do the same amount of work with fewer employees to pay. Other times when layoffs are high are when employees are simply not working to the standards of the company and their competition is much more successful. Sometimes this situation can be prevented if the employees get word of a possible layoff ahead of time, but many times businesses will still layoff employees even if they will lose profits in the end.

When downsizing occurs it is generally due to a much more serious situation than when employees are laid off. Downsizing is almost always a permanent decision, and most people will never get their jobs back. Most causes for downsizing are due to the economic market. For example, if companies’ products are below the current market price, employees are no longer creating products for profit because the company has to put all of the profits toward employee wages. Therefore, companies will only keep workers if the products they are making are earning enough profit for their pay and for the company to profit.

As of April 2007, the unemployment rate in the U.S. was 4.5 percent, with largest part of this number coming from the manufacturing sector. Over 230,000 jobs have been lost in this sector, which includes mining, construction, manufacturing, trade, and retail. Most of these layoffs were due to an increase in worker participation and advancements in technology that make many jobs obsolete because they can now be accomplished by a machine that can do more work in less time. The increase in the number of factories being established overseas is also adding to the number of layoffs in the U.S. Many companies will take advantage of the lower wages in other countries and will close U.S. factories down. However, not all layoffs are due to these circumstances. Since a layoff is determined when a worker is separated from a job for more than thirty days, some of the layoffs were due to seasonal breaks from jobs that have high and low seasons.

There are a number of key terms associated with layoffs and downsizing called reductions in force. These terms differentiate between the types of layoffs that are performed. An Involuntary Reduction in Force (IRIF) is when a company chooses to layoff employees without their consent. A Voluntary Reduction in Force (VRIF) is when the employees are active in the decision. A VRIF is usually due to resignation or retirement with promise of a nice payout. Also, if employees have been laid off they are entitled to file for unemployment benefits, depending on the state in which they live.

In today’s job market it is becoming more uncertain who will have a job and who will be laid off. For many unskilled workers’ jobs are being taken over by more cost efficient computers that do the same work while increasing the company’s revenues and production of goods. These people are having a hard time finding quality work and will often resort to living off unemployment payouts or working a harder, lower paying job in less than desirable conditions. Although technology has led to the advancement of so many industries, it is posing a serious threat to the blue-collar workers in the U.S. If the trends continue as they have over the last few years, many of these workers will be permanently out of jobs and unable to support their families. This trend in turn will likely lead to multiple jobs for all capable people in households and continue to support the fact that most American’s spend nearly eighty-five percent of their time in the workplace.

How to Make a Career Move

Filed under: Career Move by Greg Heslin, October 11th, 2007 10:51 am

Nowadays there are thousands of individuals who are stuck in a job in which they are over qualified and under paid. These people are spending their prime building a career they are unhappy in and dread going to work every day. Many individuals are taking the steps to better their lives and by making a career move. A recent statistic stated that individuals spend nearly eighty-five percent of their time awake at work, which creates an even bigger need for individuals to find a career that satisfies them. There are several helpful sites online that offer insight on how to make a career change that will lead more people to find a job they do not dread doing.

Thanks to the Internet, many people can find out all they need to know about changing careers. Several well-known sites are giving experienced insight into how to change careers and become a better worker. Changingcourse.com is a helpful site that lends encouragement and resources to individuals who have decided to make a career move. The site offers newsletters with inspiration and tips on starting a new career. The site also offers workshops and teleclasses that enable individuals to look at a variety of different careers before changing. They also have links to helpful articles and other tools that can encourage and educate individuals as they make their move to another career.

Brilliantwork.com is another great motivational website that encourages individuals to find a job that makes them happy. The site’s belief is that happy employees make for a stronger organization and lead to a better workplace. They have a special section dedicated to helping individuals find a better job. They offer workshops, access to inspirational speakers, and career counseling to help anyone looking for a change. The site also has links to informative articles that provide insight on how to change your career successfully and other fun tips.

For a more structured look at changing careers, About.com has created a site that offers insight into making a career change. They give a more technical look at how to make a career change rather than using a motivational or friendly tone. The site offers tips on how to write an effective cover letter and resume and also give examples of each in order to help individuals improve their chances of getting hired. The site also offers helpful resources called “essentials” that show weekly job listings, job boards, and salary calculators.

Careerjournal.com is another technical site that is run by the Wall Street Journal and gives helpful information on how to make a career change. They have wonderful articles from experienced professionals who give expert advice on different job markets and finding the one that fits each individual best. They have useful tools like discussion boards and salary searches that allow users to talk to other people who are dealing with the same issues. The site also links to the Dow Jones Network, which offers many different career options abroad in Europe and Asia. The network shows different places that are prime for relocation and provides a place where individuals can watch various job markets to see which ones are hiring. They also have a helpful opinion section where individuals can get an insider’s opinion on how to make a successful career change.

With helpful resources like these websites, individuals now have a better chance at successfully making the move to a better career. The need for people to work in a place that makes them feel proud and satisfied is necessary due to the amount of time people spend at their jobs.

How to Make a Career Move

Filed under: Career Move by Greg Heslin, September 11th, 2007 8:25 pm

Nowadays there are thousands of individuals who are stuck in a job in which they are over qualified and under paid. These people are spending their prime building a career they are unhappy in and dread going to work every day. Many individuals are taking the steps to better their lives and by making a career move. A recent statistic stated that individuals spend nearly eighty-five percent of their time awake at work, which creates an even bigger need for individuals to find a career that satisfies them. There are several helpful sites online that offer insight on how to make a career change that will lead more people to find a job they do not dread doing.

Thanks to the Internet, many people can find out all they need to know about changing careers. Several well-known sites are giving experienced insight into how to change careers and become a better worker. Changingcourse.com is a helpful site that lends encouragement and resources to individuals who have decided to make a career move. The site offers newsletters with inspiration and tips on starting a new career. The site also offers workshops and teleclasses that enable individuals to look at a variety of different careers before changing. They also have links to helpful articles and other tools that can encourage and educate individuals as they make their move to another career.

Brilliantwork.com is another great motivational website that encourages individuals to find a job that makes them happy. The site’s belief is that happy employees make for a stronger organization and lead to a better workplace. They have a special section dedicated to helping individuals find a better job. They offer workshops, access to inspirational speakers, and career counseling to help anyone looking for a change. The site also has links to informative articles that provide insight on how to change your career successfully and other fun tips.

For a more structured look at changing careers, About.com has created a site that offers insight into making a career change. They give a more technical look at how to make a career change rather than using a motivational or friendly tone. The site offers tips on how to write an effective cover letter and resume and also give examples of each in order to help individuals improve their chances of getting hired. The site also offers helpful resources called “essentials” that show weekly job listings, job boards, and salary calculators.

Careerjournal.com is another technical site that is run by the Wall Street Journal and gives helpful information on how to make a career change. They have wonderful articles from experienced professionals who give expert advice on different job markets and finding the one that fits each individual best. They have useful tools like discussion boards and salary searches that allow users to talk to other people who are dealing with the same issues. The site also links to the Dow Jones Network, which offers many different career options abroad in Europe and Asia. The network shows different places that are prime for relocation and provides a place where individuals can watch various job markets to see which ones are hiring. They also have a helpful opinion section where individuals can get an insider’s opinion on how to make a successful career change.

With helpful resources like these websites, individuals now have a better chance at successfully making the move to a better career. The need for people to work in a place that makes them feel proud and satisfied is necessary due to the amount of time people spend at their jobs.

How to Advance Your Career

Filed under: Career Move by Greg Heslin, September 6th, 2007 12:54 pm

Many individuals are growing tired of working in a low-paying, unfulfilling job and are taking the necessary steps to advance their career. With the great number of resources now available, people can advance their careers and find better jobs in the field of their choice.

The U.S. Department of Labor’s Employment and Training Administration suggests helpful programs that will allow individuals to further their careers. They have a variety of suggestions on how to start a new career, how to build on an existing career, and how to research the best job opportunities. They provide access to worker’s rights, showing employment laws and regulations that can help individuals find better work and establish proper working conditions. This section also gives details on the wages and benefits of various job fields, helping to give more information to those looking for a new career. The department also has a special section reserved to help individuals deal with unemployment while they search for new jobs and establish their new careers. They have links to different unemployment insurance providers and provide services through OneStop, which is an accredited organization that helps unemployed people find jobs and inspiration and encouragement. All of these resources can be found at http://www.doleta.gov/jobseekers .

For most people, a simple certification program or degree is all they need to further their career and find a better job. Nowadays, more and more well-known universities and colleges are providing courses online to help individuals earn a degree while still working, thus adding convenience and flexibility. The Directory of Online Colleges gives a listing of schools that provide various degrees and certificates for those wanting to further their careers. Some of the more popular schools are the University of Phoenix, DeVry University, AIU Online, and Kaplan University. Most of these schools give the option of earning an associates, bachelors, masters, or Ph. D. while studying online.

About.com offers several helpful suggestions to individuals interested in advancing their careers. They suggest making a good impression in current jobs even if they do not plan on staying at the company. This effort will lead to better recommendations and allow them to be hired somewhere else faster. The site also suggests utilizing the networks in their current jobs and making lasting connections. Most workers today are hired in part due to their professional relationships because most employers want workers they feel they already know. If people are able to make good connections then they will be able to meet more employers and have access to better jobs. The site’s last suggestion is to have a mentor who will give advice and help make suggestions on good career moves. These mentors are great assets because they have already gained success in their industry and are usually willing to help newcomers in any way they can.

For those people who simple want to be promoted at their current company, there are several things they can do to better their chances of receiving a promotion. They should first have a good understanding of the goals they want to accomplish in the company. After they set these goals, they should find ways to accomplish the goals. Closely analyzing the company’s prior strategies and finding ways to improve upon them is usually the most effective way to reach the established goals. The hardest part for these individuals is trying to find out where they fit in the equation and how they will be able to make a significant contribution to the company. Once they establish their position, then they can come up with a successful proposal to take to their superiors.

Whether individuals have the desire to be promoted or start a new career altogether, there are many valuable resources available to make the process easier. If people learn the proper networking skills or earn the proper certification, they will increase their chances to climb the corporate ladder. If individuals utilize their skills and improve upon them, they should have no problem advancing their career or starting a better job in no time.


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