tag:blogger.com,1999:blog-10703689.post6125128692715703972..comments2023-07-17T11:02:28.134-04:00Comments on HR Observations: Strategic Knowledge: Hidden Unemployment and Its ImpactMichael D. Haberman, SPHRhttp://www.blogger.com/profile/03546267153692058128noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-10703689.post-85735394444269757512010-07-21T22:51:45.317-04:002010-07-21T22:51:45.317-04:00Michael, It was a pleasure meeting you and your wi...Michael, It was a pleasure meeting you and your wife a couple of weeks back. A good time was had!!! Strange enough you were right, I am back on the unemployment line. Leaving me being a statistic. I mean, here I am trying to protect the compnay from lawsuits because of wrongful terminations and I found myself building a case because I knew eventually I would be one of those individuals. I've notice that private companies have no reservation when terminating their employees. Because being compliant with federal regulations isn't as important to the growth of their businesses, paying out unemployment benefits seems to be less costly than having quaility employees. Especially in GA... <br /><br />I agree that the 22% rate is more likely. Yeah, because the department of labor can't keep up with the numbers. Nowadays there are jobs out there but, those individuals looking for a "career" won't just settle for any old job. By the time numbers are gathered for 1 quarter and individuals are employeed, those same individuals in the next qaurter are back out there looking for work again. The impact, I think the impact is costly and in the long run retention is key. C.CunninghamAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-10703689.post-7781833459935257992010-07-20T19:38:43.187-04:002010-07-20T19:38:43.187-04:00Michael, I would like to assume a pragmatic positi...Michael, I would like to assume a pragmatic position on the issue. Unemployment is largely the area of interest of Macroeconomics and not so much HR. It is true that there are direct implications on your current workforce (less turnover, higher concerns over job losses, etc.) and strategic implications (e.g. building talent pipeline by accessing the unemployed today), and it it exactly what should concern a practicing HR manager rather than ruminations on the exact percentage number or governmental reporting practices.Anonymoushttps://www.blogger.com/profile/01455949472705629468noreply@blogger.comtag:blogger.com,1999:blog-10703689.post-23557197162743464082010-07-19T12:27:20.633-04:002010-07-19T12:27:20.633-04:00I also think that the numbers are skewed when empl...I also think that the numbers are skewed when employers hire the "new temporary workforce" to perform project work instead of regular full time employees, how to temps, 1099's and independents that Barbara discussed get accounted for? They don't....but I see many clients wanting more smaller projects as they are understaffed....interesting conversation. Thanks MikeAnonymoushttps://www.blogger.com/profile/18345915533080666324noreply@blogger.comtag:blogger.com,1999:blog-10703689.post-35188404751816139342010-07-19T12:20:57.719-04:002010-07-19T12:20:57.719-04:00Thanks for the dose of cultural literacy. We shoul...Thanks for the dose of cultural literacy. We should all know that quote.. becase it is so true.Michael D. Haberman, SPHRhttps://www.blogger.com/profile/03546267153692058128noreply@blogger.comtag:blogger.com,1999:blog-10703689.post-67435299823335359792010-07-19T12:17:16.110-04:002010-07-19T12:17:16.110-04:00I think it was Benjamin Disraeli who said, "T...I think it was Benjamin Disraeli who said, "There are lies, damned lies and statistics"!!!Barbara A Hugheshttps://www.blogger.com/profile/12205274650844343278noreply@blogger.comtag:blogger.com,1999:blog-10703689.post-60963284656473770752010-07-19T11:51:11.157-04:002010-07-19T11:51:11.157-04:00Barbara:
Thank you for your comment. You come up w...Barbara:<br />Thank you for your comment. You come up with some very insightful stuff. I had not thought about how independents might be counted. Which they are not. But as we both know many independents are also under employed. Guess I have lived in that world too long.<br /><br />We all know the old saying that you can use statistics to tell whatever lie you want and since the government is very adept at statistics and lying I would look at every report they produce with a jaundiced eye.Michael D. Haberman, SPHRhttps://www.blogger.com/profile/03546267153692058128noreply@blogger.comtag:blogger.com,1999:blog-10703689.post-15339462207528466752010-07-19T11:25:06.608-04:002010-07-19T11:25:06.608-04:00Really good thoughts, Mike. The way the governmen...Really good thoughts, Mike. The way the government and most businesses collect data, analyze it and make pronouncements is often flawed. The government uses "employment" in the old Industrial Age sense of being in front of a machine, on an assembly line and the like. The truth is that the self-employed ranks have grown substantially in the past 20 years and I'm not sure how they (we) are tracked these days. Similarly, those who were out of a job and have decided to become self-employed but are a company-of-one; are they counted. You'd think that with all of the millions of government employees and contractors that someone or something like the Budget Office would have changed how these figures are compiled.<br />Maybe this is why economists say the US emerged from the recession in 3Q09 but nobody believes it.Barbara A Hugheshttps://www.blogger.com/profile/12205274650844343278noreply@blogger.com