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September 23 - 29, 2007
Vol. 8  Issue
39

 

In This Issue ...

  • Workforce News of the Week

  • Feature: As the Mortgage Industry Tumbles, Employers Feel the Effects

  • Feature: Counter Intuition at FedEx Kinko’s

  • Feature: Dear Workforce: Recruiting

  • Best in Shows: Taleo World

  • Forum Post: The Best HR Initiatives You've Suggested

  • Blog: Workforce Washington
  • Who's on the Bench?

 
 
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Workforce News of the Week:

UAW Strikes GM Plants: This is the first unionwide strike against General Motors since 1970 and the first work stoppage by the union since a 54-day walkout in 1998 at a parts-making facility in Flint, Michigan, that cost GM $3 billion.
Click to read more. >>>

DNA Technology May Curb Bogus Disability Claims: Two related medical technologies promise to end fraudulent disability and workers’ compensation claims. All that’s needed from employees is a little DNA.
Click to read more. >>>
Scholar Urges HR to Work With School: Linking education to employer needs emerges as a theme of the first National Summit on American Competitiveness held in Washington. A Harvard scholar urges human resource leaders to help ensure that schools are producing students with the backgrounds that business needs.
Click to read more. >>>
Wal-Mart Expands Health Care Benefits: The retailer has gradually addressed criticisms that it does not provide for its workers by steadily increasing health care options for employees while simultaneously extending its business reach into the health care market with low-cost generic drugs and in-store clinics.
Click to read more. >>>
GM, UAW Reportedly Talk About Replacing Pension With 401(k): As contract negotiations continue, it’s no surprise that one of the things on the table is freezing the automaker’s traditional pension plan for new hourly hires.
Click to read more. >>>

Market Chaos Testing Pension Managers: Plan sponsors are watching as the credit crunch undermines not only equity prices, but also the alternative assets that many plans have piled into, like private equity and hedge funds.
Click to read more. >>>

Senate Unanimously Approves Mental Health Bill
Click to read more. >>>

Paid Sick Leave Mandate Raises Employer Ire
Click to read more. >>>

Bush’s Attorney General Nominee Ruled in Cash-Balance Plan Case
Click to read more. >>>


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Quick Takes:
Indifference During Interviews

Click to read more. >>>

Private Employers Poaching From Public Firms
Click to read more. >>>

HR Too Slow to React, Hinders Growth
Click to read more. >>>

More Firms Hanging ‘Help Wanted’ Signs
Click to read more. >>>

Cornerstone Snags $32 Million From Investors
Click to read more. >>>

Shock waves
Feature: As the Mortgage Industry Tumbles, Employers Begin to Feel the Effects

In the wake of the subprime mortgage market’s collapse, employers in various industries experience the fallout in the form of 401(k) loan upticks, relocation wrinkles and increasing employee stress. Layoffs, lawsuits and the specter of a recession are also part of an increasingly gloomy picture.

Read more about the fallout from the subprime mortgage crisis. >>>

Also:

Dear Workforce: Should I Oversee Layoffs, Even if I Am Among Those Losing a Job? >>>
Dear Workforce: How Can I Manage Retention During Downsizing? >>>
Countrywide 401(k) Participants Sue>>>

Training and development
Counter Intuition at FedEx Kinko’s

The business services business needs to bolster its customer service scores, and so is mandating in-person training classes for all employees. They are meant to underscore the importance of personal interaction when serving store clients.
Read more about FedEx Kinko’s customer service training. >>>

Also:
Dear Workforce: Of Performance-Based Training Versus Content-Based Training, Which Provides the Greatest Return on Investment? >>>
Dear Workforce: What Impact Does Career Development Exert on Employee Performance? >>>
UPS and FedEx: 2 Ways to Drive Business
>>>
FedEx Court Decision Is a Wake-Up Call
>>>
FedEx Ground Continues Its Contractor Battle
>>>

Recruiting
Dear Workforce: How Do We Teach Our Recruiters to Be More Aggressive When Sourcing Candidates?

There are two approaches to try: 1) establishing service level agreements or 2) helping hiring managers understand how scarce some skills are and redesign traditional jobs.
Click here to read more about aggressive recruiting. >>>

Also:

Dear Workforce: How Do We Get Smarter About Our Recruiting Habits? >>>
Dear Workforce: How Do I Lure Top Loan Officers to My Mortgage Company, Especially Since We Have No Recruiting Budget? >>>
Dear Workforce: How Could Our Recruiting Company Avoid Losing Top-Notch Recruiters to Competitors?>>>
Ask Dear Workforce a Question >>>
Subscribe to the Dear Workforce newsletter >>>

Conventions & conferences
Best in Shows 2007: Notes From Key Workforce Management Conferences and Conventions

Ever wanted to attend an important conference or convention but just couldn't make it? The staff of Workforce Management will bring you reports from key workforce management conventions and conferences throughout the year in this exclusive Web feature. We'll report on the buzz at each show as well as highlights from selected seminars, presentations and speeches. We hope that Best in Shows will be the next best thing to actually being there.

Click here for the best in these shows:
IDC Human Resource Forum, Talent Management: Attract Develop and Retain, September 17, at the Millennium Broadway Hotel, New York
Taleo World 2007 (annual user conference), September 9-12 at the Westin St. Francis Hotel, San Francisco

Discussion
The Best HR Initiatives You've Suggested

Posted in the General Forum:

A reader writes: “I am hoping you can share some of your best initiatives ideas with me. What impressed your employer and was it carried out at your company and/or firm?”
Join the discussion.
>>>

Blogs: Workforce Washington
Immigration Aftermath—Rifle-Shot Efforts and Unstated H-1B Motive

Now that comprehensive immigration reform has likely died for the rest of this congressional session—through December 2008—we’re seeing various components of an overhaul finding their way into other legislation.
Read the Workforce Washington blog. >>>

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Global Work Watch
Here Come the Malaysians
Look out for leapfrogging Malaysian HR professionals.

Read the Global Work Watch blog. >>>
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Or cut and paste this URL into your RSS reader:
http://workforce.com/wpmu/globalwork/feed

The Business of Management
‘Whoopee’ for Wal-Mart Health Care
Some days, there are just too many interesting topics to touch on a single one.

Read the Business of Management blog. >>>
Click here to subscribe to an RSS feed for this blog
Or cut and paste this URL into your RSS reader:
http://workforce.com/wpmu/bizmgmt/feed

The Last Word
Who's on the Bench?

The Atlanta Falcons put all their faith in one guy. You and your managers would do well to learn from this and not do the same thing.

Read more about why you shouldn’t put all you faith in one employee. >>>


Also:

Stupidus Maximus Award: And the Nominees Are ... ? >>>
HR ‘Hate’ Endures >>>
Office Training >>>





 

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