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Cape & Islands Workforce Investment Board
Weekly Update
 

Volume: 6 Issue: #49

August 28th 2009

Greetings!

Unemployment Insurance Weekly Claims Report Update

In the week ending Aug. 22, the advance figure for seasonally adjusted initial claims was 570,000, a decrease of 10,000 from the previous week's revised figure of 580,000. The 4-week moving average was 566,250, a decrease of 4,750 from the previous week's revised average of 571,000.

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Signs You Might Lose Your Job

This advice from business guru Jack Welch might come as a sur­prise to those feeling beaten down and a little disillusioned by the bad economy. But the former CEO of General Electric, who writes a weekly column in BusinessWeek with his wife Suzy Welch, says that starting a business now is a good idea if "it provides a demonstrably superior value proposition" than what is being offered currently in the market. In other words, if you're an entrepreneur who has come up with a service or product that will improve peoples' lives and you can offer it much less expen­sively than your competitors, now is the time to start a business.

Jack and Suzy Welch offer the following reasons why it's a good time to start this type of business:

Start-ups need smart, results-driven, experienced profes­sionals, and there are a wealth of these types of workers cur­rently on the market due to layoffs.

The economic downturn has humbled the strutting, self-anointed gods of business-many of whom have been laid off from their jobs. They have come to realize that their me-first mindsets played a negative role in their past job fortunes. This has prompted many former high-fliers to embrace the team con­cept--a key ingredient for workers at start-ups.

Some loans and venture-capital funding are available despite what has been reported in the media. Money is not being thrown at every good idea, but there is funding available (especial­ly from regional banks).

Starting a business now and building a team of dedicat­ed workers will place you in a great position once the economy recovers. You will be have an advantage over existing companies that suffered through downsizing, layoffs, and other challenges.

Visit the Small Business Administration's website,
www.sba.gov, for more information on starting, funding, and oper­ating a business.

INTENSIVE MEDIATION
SKILLS TRAINING
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Hands-On Skill Development for Responding to Conflict

Fall 2009 - October 19, 20, 26 & 27

Learn Proven Strategies for Managing Personal and
Organizational Conflict
* Incorporate new skills at work
* Gain valuable life skills

This highly interactive training includes:

* Hands -on Skill development
* Roleplays, exercises, presentaions

* The dynamics of conflict

* Steps of the mediation process
* A mediator Skills "Tool Kit"


WHEN:
Monday & Tuesday, October 19 & 20, 2009
Monday & Tuesday, October 26 & 27, 2009
8:30 AM - 5:00 PM each day


WHERE:
The event will be hosted by the Corsair and Crossrip Properties in Dennisport. A beautiful oceanfront setting with panoramic views of Nantucket Sound. corsaircrossrip.com

ENROLLMENT:
Space Limited Enroll Early!
Cancellation Policy: Tuition will be refunded minus a $50 administration fee. No refunds will be issued after training begins.

Past trainees have included:
Attorneys / Educators
Therapists / Contractors
Social Workers / Service Staff
Business Professionals
Human Resource Staff

Cape Mediation
PO Box 193
Orleans, MA 02653
508-240-1717
info@capemediation.org
www.capemediation.org

Deferred Hiring Becoming Popular

While the majority of companies, about 75 percent, are in the midst of a hiring freeze, there are still about 25 percent of com­panies in a position to hire, according to a recent survey con­ducted by consulting firm Watson Wyatt.

However, these companies have changed the way they are attracting and hiring new employees. No longer do they have to entice prospective hires with glitzy packages replete with bonus­es, international travel, or generous benefits. The promise of advancement opportunities, flexible hours, or holiday time is more than enough. Other companies are also keeping their human resources costs in check, while building their pool of qualified employees, by instituting deferred start times. New employees are hired now, but not scheduled to work until months or up to a year later.

Why the need for deferred hiring? Many companies simply have limited budgets, but still want to be talent ready when the recession breaks. Plus the high number of top-rate candidates entering the job market is simply too enticing to pass up! Some companies, such as Credit Suisse, are offering incentives of up to six months' pay to employees who agree to start a year later. Potential hires are encouraged to use this time for travel or public service. Other companies offer deferred hiring without any pay incentives. Those who accept this type of offer are most likely glad to get the job, but may feel a bit reluctant considering the potential risk of a deferred start time.

Their wariness is understandable. If the offer was given without a pay incentive, the individual would have to be in a good financial position in order to wait out the time before they actually begin earning a salary. More importantly, if the reces­sion worsens and new layoffs at the workplace are implemented, as new hires they may certainly be among the first group to go.

(The Economist, 2009)

Upcoming Meetings
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  • WIB Planning Evaluation Committee Meeting: Wednesday September 9th 1:30pm WIB Office
  • WIB Executive Committee Meeting: Thursday September 10th 8:00am WIB Office
  • YC Graduation Rate Committee Meeting: Monday September 14th 10:00am WIB Office
  • WIB Board of Directors Meeting: Tuesday September 22nd 8:00am Career Opportunities
   

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