Debating the Wrong Debate – Outsourced Underwriting Will Become the New Normal

These Jobs May Not Come Back – BusinessWeek

I’ve maintained for several years that many of the jobs being eliminated are just not coming back.  We are way past the debate of whether or not outsourced underwriting is a good or bad business practice.  Outsourced underwriting will be the new normal.

Read this Business Week article.  Send me your comments.

Global Microbrand (Turkeys Primer)

the global microbrand rant | Gapingvoid

Yeah, I know this post is old.  But old doesn’t always mean outdated.  The information you’ll find at this link is transformative. Whether you work for yourself or The Man, we all need to understand the concept of the Global Microbrand.

Final month 4Q is strategy time. Time to think up different revenue stream ideas for 2010.

Turkeys – Talent Shortage Looming

The Coming Fight for Executive Talent – BusinessWeek

I’ve shortened the title of my occasional posts on management issues to Turkeys. Any negative connotations are purely coincidental.  This series of posts started while underwriting at my brother’s house and his gaggle of wild turkeys walked by.  So say bye-bye to “Remote Underwriting With Turkeys”.  Now we’re just talkin’ turkey.

And management issues.

Remote Underwriting With Turkeys – The Fraying Employment Contract

What employment contract?  This is a scary article and a must-read for managers.

The Fraying Employment Contract – BusinessWeek

As a reminder I’ve titled posts on management “Remote Underwriting With Turkeys” to make these posts easier to find when using the search function.

If you want to look at older posts on management issues, use “turkeys” as the keyword in the search box.

Worried Sick (not a question)

Worried Sick

The link above takes you to the abstract quoted below.  Highlights in bold are my emphasis and not the author’s.

In today’s global economy, employees are much less likely to stay at one organization for the length of their careers. One significant side effect of this trend is that many employees feel less secure in their jobs. According to this study, being afraid of losing your job may be bad for your health. The authors analyzed questionnaires distributed to more than 1,700 people in the U.S. during two separate periods spanning two decades, which allowed them to control for poor health, job insecurity, and actual employment losses over time. As many as 18 percent of the employees surveyed said they felt insecure about their jobs. In one of the study groups, the authors found that chronic job insecurity was a more reliable predictor of poor health than smoking or hypertension. And job insecurity was more closely associated with failing health than actual unemployment, the researchers found, because of the ongoing stress caused by an uncertain future, an inability to take action, and a lack of institutionalized support. One implication for businesses is that employees who worry about losing their jobs have trouble concentrating, experience more stress, and take more sick days. The researchers argue that programs aimed at displaced or unemployed workers won’t reach people who have jobs but are insecure, and they suggest that organizations and government policies aim to lessen the degree of stress linked to job insecurity.

Bottom Line:
Even more than actual unemployment, persistent job insecurity is closely linked to declining health and increased stress in American workers.

Thought For The Day – 090909

We partner with others to barter tasks and resources as well as to synergistically enlarge our vision.  We let them do what they enjoy and are good at so that we can do what we enjoy and are good at.  The only trick is to find people who love to do things that we do not enjoy and partner with them to do it.

Dr. B. Curtis Hamm received his Ph.D. from the University of Texas and is Professor Emeritus of the Spears School of Business and Consultant to the Oklahoma State University Foundation.

Dr. B. Curtis Hamm

Creepy Statistic of the Day – July 13, 2009

I got the following from an email sent by Workforce Recruiting:

NORTH AMERICAN RETAINED SEARCH REVENUE GROWTH VS. YEAR EARLIER

(Percentage change)

Q1
’08
Q2
’08
Q3
’08
Q4
’08
Q1
’09
Korn/Ferry Intl. 9.6% 9.1% -2.2% -29.5% -42.8%
Heidrick & Struggles Intl. -7.3 -1.4 -0.2 -14.7 -40.0
Total 1.9 4.1 -1.3 -23.1 -41.7

Note: Korn/Ferry’s revenue has been adjusted to a regular year ended December 31 from the company’s fiscal year ended April 30. North American fee revenue for Korn/Ferry includes revenue from FutureStep.

Source: Company reports, Staffing Industry Analysts Inc.