US slowdown is affecting employment across the globe, but the financial services sector leads the rest
Steven Tyler never uttered these words! But his group’s song was the rage of the 90s – ‘Pink is my favourite colour’, by the raucous Aerosmith! And you’ve been of late noticing how your boss has started crooning the song whenever you pass him by. Relax, it’s just a coincidence. Research shows that when bosses want to throw you out, they don’t sing Aerosmith songs :-) More seriously, international experts have been strongly commenting since last quarter that recession would not necessarily affect the skilled employment market that fast, especially in developed countries. Closer home, Dr. Naresh Malhan, MD, Manpower India comments that the impact on new recruitments “would not be imminent... especially when most businesses are plagued by talent shortage.”
On taking a global perspective, B&E realised that irrespective of how many experts we could put on one side of the table, it was the pink slip strategy that coloured every aspect of our finding, on whichever sector we touched. And there’s no better example than the global financial sector, with the sub-prime mistress raking in every penny uttering its name.
Steven Tyler never uttered these words! But his group’s song was the rage of the 90s – ‘Pink is my favourite colour’, by the raucous Aerosmith! And you’ve been of late noticing how your boss has started crooning the song whenever you pass him by. Relax, it’s just a coincidence. Research shows that when bosses want to throw you out, they don’t sing Aerosmith songs :-) More seriously, international experts have been strongly commenting since last quarter that recession would not necessarily affect the skilled employment market that fast, especially in developed countries. Closer home, Dr. Naresh Malhan, MD, Manpower India comments that the impact on new recruitments “would not be imminent... especially when most businesses are plagued by talent shortage.”
On taking a global perspective, B&E realised that irrespective of how many experts we could put on one side of the table, it was the pink slip strategy that coloured every aspect of our finding, on whichever sector we touched. And there’s no better example than the global financial sector, with the sub-prime mistress raking in every penny uttering its name.
Source : IIPM Editorial, 2012.
An Initiative of IIPM, Malay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).
and Arindam Chaudhuri (Renowned Management Guru and Economist).
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