American Family Information Services – 87 Layoffs – Insurance Networking News

The company has reduced its total workforce by 730 positions, or almost 10 percent, over the past four years, mainly by attrition.

via American Family Information Services Department Incurs 87 Layoffs – Insurance Networking News.

Short articles like this make me wonder what’s really happening.  We don’t know the total number of staff in the company’s IT department so we cannot know what percentage of the entire staff was affected.  So I went online and found the following:

The cut positions included 85 people based at the company headquarters at 6000 American Parkway and its other Madison location, off Milwaukee Street, plus two people outside Madison. There are 850 people remaining in the company’s information services division, making the job reductions equal to about a 10 percent cut there.

So now we know the IT department was 937 before the layoffs.  Hmmm….

Scary Chart of the Day 10.21.11

 

Economist’s View: “First Look at US Pay Data, It’s Awful”

The median paycheck — half made more, half less — fell again in 2010, down 1.2 percent to $26,364. That works out to $507 a week, the lowest level, after adjusting for inflation, since 1999.

A VERY Scary Chart

I had gotten away from posting Scary Charts.  There were just too many to pick from.  But when I came across this graphic, well I just had to post it.

Life Underwriting Manager – Singapore

This was posted to a LinkedIn group.

We are looking for a Life Underwriting Manager with at least 7-10 years of experience.

The position is based in Singapore and this will be a fantastic opportunity to work for a very established insurer. Interested candidates please email your details and updated CV to m.chen@huxley.com or call +65 6572 4500 for a discussion.

The Non-Mobile Society

Calculated Risk: Labor Mobility: Starting to Increase

This blog post on CalculatedRisk references an article from the Financial Times.  I am struck by the differences in word choices.  FT uses “picks up sharply” while CalculatedRisk states “starting to increase”.  In conversations with my recruiter friends I’ve become aware of slightly higher activity in job openings.  Some of these openings included paid relocation.  A few years ago employers stopped offering paid relocation.  These changes are not insignificant.  But the job market remains weak.

Starting to increase is a better choice of words.