Banks are hurting small biz’s growth potential
Posted on October 12, 2009 at 9:38 am
Two related bits of info and analysis on the scope and repercussions of banks’ continued tightening of credit. The latest Fed numbers show outstanding commercial and industrial loans have dropped by some $250 billion in the past year. That has been most painful for small businesses, which can’t hit up the bond market to raise capital and create the jobs they have traditionally created coming out of a recession. Or in econospeak:
It’s not clear whether small businesses will continue to play their traditional role in hiring staff and helping to fuel an employment recovery. However, if [...] financial constraints are a major contributor to the disproportionately large employment contractions for very small firms, then the post-recession employment boost these firms typically provide may be less robust than in previous recoveries.
SEE ALSO: Via Milt Capps, a potential solution that would vacuum up leftover TARP cash.
Owen woos the recruiters
Posted on August 19, 2009 at 6:22 amVanderbilt’s MBA program rolls out the red carpet for those in charge of hiring at big companies — while pointing out the green aspect.
“Our goal was to create a website that would answer all of the recruiter’s questions in a well-organized format,” said Joyce Rothenberg, director of Owen’s Career Management Center. “Business recruiters I’ve talked to love that everything they need is just one or two clicks away.”
Creators say the site is also helping Owen to be more environmentally responsible by dramatically cutting the amount of paper the school prints and mails out. And recruiters say it’s much easier to find information online instead of having to store and file printed materials.
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VW expects 100,000 applications
Posted on August 13, 2009 at 11:36 am
The auto maker’s Chattanooga HR chief says his team is building a system to handle 100,000 job applications for the less than 2,000 it expects to begin bringing on early next year.
SEE ALSO: VW of America boss Stefan Jacoby talks to The Detroit News about VW’s plans, including how it will fix a brand that “got a little bit lost.”
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The mother of all hiring sprees
Posted on August 10, 2009 at 6:35 amInsurer Liberty National wants to hire 2,500 agents in one day later this month. Nashville and Franklin will be two of the more than 100 locations where aspiring sellers can sign up.
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Local blogger pimped by online magazine rack
Posted on June 25, 2009 at 2:32 pm
The Antipimp blog maintained by IT recruiter Scott Gordon at Vaco Technology has been named one of the top career-focused blogs by Alltop.com, a news aggregator founded by noted venture capitalist Guy Kawasaki.
I’d heard all of the horror stories in dealing with recruiters or “pimps” and started writing TheAntiPimp.com. I researched other recruiters that blogged and found most were writing to other recruiters. No one wrote to the job seeker … the most important person to me, as a recruiter.
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Grad School’s looking good for recent grads
Posted on February 16, 2009 at 8:25 pm‘Cause the job market ain’t:
Employers say they will be hiring around 8% less college graduates in 2009 than they did last year.
According to a poll take twice in 2008, hiring expectations changed significantly.
From mid-2008 to the end of the year, agriculture jobs went down over 14.2% while jobs in the construction field dropped 19.6%.
Government saw a 19.8% increase and technology fields held steady.
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Dining for dollars
Posted on January 13, 2009 at 8:19 amMore and more, Nashvillans are cutting back on restaurant expenditures:
Baker said big-chain restaurants are insulated from the recession, but mainly the “mom and pop” type eateries that are falling victim to tough times.
“The people that own them have maybe one or two restaurants because they don’t have the resources to spread or manage the cost of managing the business,” he said.
The owner of Sunset Grille in Hillsboro Village is under a hiring freeze right now.
“It’s no fun to tell people that we’re not really interviewing at this time,” said owner Randy Rayburn. “We’ll take an application, but we’re not going to be hiring anyone because we want to take care of the people that we’ve got.”
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Does Wall Street understand Economics?
Posted on December 17, 2008 at 11:51 amThomas DiLorenzo sees a Wall Street hiring model fraught with peril:
Wall Street banksters are known to hire bright, young Ivy League graduates and working them like dogs by holding out the prospect of great riches for the relative few who rise to the top of the heap. They don’t need to have studied business or economics; any Ivy League degree will do. After many years of observing this hiring model, I’m beginning to see a real bankruptcy of economic understanding on the part of even the more successful Wall Streeters. Speaking at a financial planners’ convention last week I met two hedge fund managers who seemed to believe that the best way to understand depressions in particular, and economics in general, was to read the socialist John Kenneth Galbraith. They thought that quoting him made them look really, really smart.
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