jobs

How Technology Actually Saved A Paper-Based Small Business

Source: http://www.businessinsider.com/ilm-corporation-survives-rise-of-computers-2013-6

Jason Cohen

People have predicted that technology would destroy Jason Cohen’s family’s company for decades. Document management does sound pretty old-fashioned. But Cohen, recently named Virginia’s Small Business Administration Small Business Person of the Year, has managed  not just to keep his company alive, but also to turn technology into an opportunity.

ILM Corporation was started in 1976 with technology for converting hardcopy materials into electronic files and manage them. As more companies started keeping their own digital files, however, business started drying up.

Soon after Cohen joined ILM in 1992, the staff had shrunk from hundreds to only six people. It was a rough period.

“You don’t avoid the pitfalls,” Cohen told Business Insider. “We all go through them and a good friend of mine once said, ‘tell me what change isn’t bloody, ugly, and messy.'”

Cohen started turning things around after buying the company from his parents in 2001. While technology had killed some jobs, like picking  up The Washington Post at 2 A.M. to digitize it, technology also opened new opportunities.

“Our love affair with paper has diminished somewhat in terms of how we’re using it,” Cohen says, “but the amount of information has expanded exponentially.”

These days people expect that information to be accessible faster than ever.

 

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Monday, June 24th, 2013 news No Comments

drag2share: Americans Are Quitting Their Jobs At The Highest Rate In 5 Years

source: http://feedproxy.google.com/~r/businessinsider/~3/4rQJztBT7pA/american-quitting-jobs-at-high-rate-2013-4

The graph below, published by

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Thursday, April 11th, 2013 news No Comments

State of Media Employment

Source: http://www.businessinsider.com/the-state-of-media-employment-2013-1

tv, video, studio, huffington post, office tour, november 2012, bi, dng

The internet has caused massive disruption across the media landscape, causing a surge in job insecurity at traditional establishments.

But now we have a good look at the numbers.

The Bureau of Labor Statistics has put together a presentation on the recent history and direction of media jobs. It’s not pretty.

Across several different industries (radio, TV, newspapers, film, etc.) there’s been a steady downward march in employment.

Total media jobs peaked at the beginning of the decade.

Employment in the book/periodical/music industry has been on a steady downward trend, and in 2011 the bottom completely fell out of the industry.

Sound recording? Same deal.

See the rest of the story at Business Insider

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Wednesday, January 30th, 2013 charts No Comments

ADP Jobs Report Surges Past Estimates

Source: http://www.businessinsider.com/adp-jobs-report-2013-1

How About We office tour

ADP jobs report comes in at 192K, ahead of the 165K that were expected.

This is up from a downwardly revised 185K last month.

Remember, this is only private sector payrolls.

The one catch. Last month was revised down from 210K to 185K.

Overall, market not moving too much.

—–

 

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Wednesday, January 30th, 2013 news No Comments

Job Applications – Eliminate Resumes, Applications, Keywords

Inspired by tweet from @CathleenRitt
“@CathleenRitt Could one of you tech geniuses please “disrupt” job application forms. What an odious and useless process.”
This jobs industry is ripe for complete disruption. I predict it will be the first great example of the “waning” of search. Resumes and applications all come from the applicants themselves. Some are better at keyword stuffing than others. But all of this is meaningless without context. And searching through thousands of resumes that contain particular keywords is equally as useless. 
“Don’t send me a resume. I won’t read it anyway. The only candidates I will consider are ones that come referred. And even then, they have 1 chance to prove they were worthy of that recommendation.”
Don’t TELL me you’re an expert in SEO. SHOW me evidence that you can do search engine optimization by showing me the keywords you rank for. 
In the interim, a great recent feature is LinkedIn’s Endorsements. These come from other people, rather than the applicant themselves. While this can still be gamed, it is much harder to game (by having dozens of people fake endorsements) than writing your own resume. (It’s just like Google discounts links from discussion boards, forums, and sites like Wikipedia because anyone can post a link to their own site.”)

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Friday, January 4th, 2013 news No Comments

1,000 Jobs Gone At Groupon And LivingSocial; Can The Daily Deal Sector Turn It Around? (GRPN)

Source: http://www.businessinsider.com/layoffs-at-groupon-and-livingsocial-2012-11

Daily deals title image lifehackerThe daily deal world is in turmoil.

LivingSocial just announced the firing of 400 employees, which is about 8.9% of its total workforce.

What’s more unnerving is that over the past six months, Groupon reduced its workforce by 648 positions.

More than 1,000 reductions across both businesses is a huge deal. Those reductions aren’t all layoffs; some are through attrition.

To cap it all, Groupon CEO Andrew Mason’s job was in question all week, and he only received his board of directors’ seal of approval late Thursday.

If this was happening at Facebook or Twitter — or any other major tech brand — people would be freaking out.

So why isn’t anyone freaking out yet?

Arguably, this is a recession in the daily deal business.

It’s the industry’s first, given that it didn’t exist until about four years ago.

LivingSocial told Business Insider via email about the job cuts. “After two years of hyper-growth from 450 to more than 4500 employees, these moves will align our cost structure against our 2013 plans and will help us set the company on a path for long-term growth and profitability. Specifically, they will allow us to invest more in critical pr! iorities like marketing, mobile, and the hiring of additional technology staff.”

LivingSocial told CNNMoney that it is moving much of its customer service from its headquarters in D.C. to Tuscon, “so some job openings will be available in that area.” Sales and editorial, however, have simply been “streamlined.”

The job losses reflect the shaky economic underpinnings of the daily deal business, which Groupon and LivingSocial have yet to wrestle into control.

LivingSocial posted a net loss of $566 million in Q3 2012. $496 million of LivingSocial’s loss stems from a huge writedown of some of its acquisitions from 2011, the Washington Business Journal reports. LivingSocial’s revenue also fell to $124 million in the three-month period, down from $138 million in the second quarter.

As of market close today, Groupon’s stock price is currently sitting at $4.54, according to Yahoo Finance. The 52-week range is shocking: it reached a high of $25.84. That followed six months’ of shrinking total billings at the company. (Its American business is robust; the international arm less so.)

A Groupon spokesperson tells us that its layoffs were largely due to new technology the company invested in that made those jobs irrelevant. In fact, we’re told, Groupon has 200 job vacancies open across North America right now.

And, of course, the job cuts don’t mean that Groupon and LivingSocial are going to vanish tomorrow. They’re huge businesses after all. But they are cause for concern as they illuminate potential weaknesses in the daily deal ! business model.

The main problem is operational scale.

Both companies are dependent on large salesforces. It is very difficult for them to leverage operation scale: To sell more, they need to employ more people. Groupon historically has prided itself on the long-term relationships its salesforce builds with its merchants. They have struggled to leverage self-serve, turnkey sales the way Facebook has.

In fact, Groupon and LivingSocial aren’t even tech companies. Rather, they’re email companies. Although email is here to stay for a long time, the tidal shift among consumers is away from email to instant messaging, social media messaging, and mobile phone messaging. They need to pivot into alternate methods.

Groupon is trying just that, with Groupon Goods, which so far has been a success. And both companies need to do what Groupon says it is trying to do, which is replace human-to-human selling with tech that can increase each individual worker’s selling power.

Lastly, the downturn ask whether the daily deal business has hit one of its natural ceilings: new merchants. Both companies need a fresh supply of new merchants to offer more deals, or to re-up on repeated deals. It’s an open question that both Groupon and LivingSocial now have to prove: Is there enough new merchants or incremental repeat business from merchants for the sector to continue to grow?

A thousand-plus layoffs suggest that, for now, the question lacks a satisfying answer.

Don’t Miss: Groupon CEO Andrew Mason Keeps His Job!

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Friday, November 30th, 2012 news No Comments

A Quick Reminder About Which Industry Is Really Creating The Jobs Of The Future

Source: http://www.businessinsider.com/healthcare-jobs-are-the-jobs-of-the-future-2012-11

As we’ve pointed out in the past, the industry of the future is healthcare.

The following chart is based on Friday’s jobs report, and it shows two things. The blue line is the total number of healthcare jobs. As you can see, it basically never stops going up (regardless sof business cycles) and has now passed 14.3 million.

The red line is the monthly change from month to month, and once again last month, America added over 30K new jobs, a pretty enormous sum, given that only 171K new jobs were created in total.

image

Regardless of what happens with government healthcare spending, the demand for more and more healthcare (as the US population ages) seems inexorable. More and more people will be working in this area.

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Sunday, November 4th, 2012 news No Comments

A Beautiful Visualization Of How The Labor Market Changed After The Great Recession

Source: http://www.businessinsider.com/the-current-job-market-compared-to-the-pre-recession-job-market-2012-3


This is a great chart from Dave Altig.

Click to enlarge.

chart

Basically, what’s going on is, any dot above the diagonal line represents an industry where job growth is faster now than it was pre-recession. Any dot below the line indicates slower job growth.

As you can see, manufacturing is the real outlier here, as it averaged a monthly loss of 30K jobs between 2001-2007, whereas it’s been averaging monthly job gains from July 2009 to February 2012.

Karl Smith (who brought the chart to our attention) notes:

This is important for thinking about any kind of structural story you might be inclined to tell. Manufacturing employment had been falling for roughly 15 years and then suddenly stopped falling in the wake of this recession and started growing.

This may be (the) structural shift that folks are looking for but its important to note that this is basically a “reshoring” shift. Although, it’s not so much reshoring as a rapid slowdown in offshoring combined with growing underlying demand.

Anyway, on the flip side of the chart it’s pretty obvious that the big standouts are government and construction jobs, which means that recent signs of turnarounds in both could portend another big leg up in employment.

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Sunday, March 25th, 2012 news No Comments

The Top 10 Manufactured Products In America’s $2 Trillion Export Industry

Source: http://www.businessinsider.com/usa-manufactured-products-exports-america-2012-3


general electric locomotive

According to the Bureau of Economic Analysis, the U.S. exported $2.1 trillion worth of goods in 2011.

And a according to a new study by the Brookings titled Export Nation 2012, exports played a major role in pulling the U.S. economy out of recession, even as jobs were vanishing.

Exports jumped by over 11 percent in 2010–the first year of the recovery.  This represented the fastest growth rate since 1997.

Jobs supported by exports grew by 6 percent during that same period.

“Exports are helping to lead us out of the recession and into recovery,” says Emilia Istrate, lead author of the new report.

“Manufacturing industries accounted for about 61 percent of U.S. exports and produced three-quarters of the nation’s additional sales abroad between 2009 and 2010.”

What follows are the top 10 U.S. manufactured exports in 2010, which helped carry us out of the recession.

Electrical Equipment

Share of U.S. manufacturing exports:
3.4%

Share of manufacturing export growth:
3.4%

Total growth rate:
14.7%

Total revenue:
$32.2 billion

Source: Brookings

 

Fabricated Metal Products

Share of U.S. manufacturing exports:
3.4%

Share of manufacturing export growth:
3.9%

Total growth rate:
16.8%

Total revenue:
$32.6 billion

Source: Brookings

Medical Equipment, Sporting Goods & Miscellaneous

Share of U.S. manufacturing exports:
4.1%

Share of manufacturing export growth:
2.9%

Total growth rate:
9.6%

Total revenue:
$39.4 billion

Source: Brookings

See the rest of the story at Business Insider

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Thursday, March 8th, 2012 news No Comments

A Truly Embarrassing Chart For Wall Street Stock Analysts

Source: http://www.businessinsider.com/this-chart-shows-why-wall-street-stock-ratings-are-a-joke-2012-2


Only five percent of ratings on companies in the S&P 500 are sell ratings.

That’s right: 95 percent of ratings tell investors to hold or buy and only 5 percent say you should sell.

The following chart comes from FactSet via Cullen Roche:

chart

Henry Blodget recently offered a few reasons why you rarely see sell ratings:

  • Most stocks–especially growth stocks–generally trend up over the long haul, so saying SELL often means betting against the odds and/or making a short-term timing call.
  • Stocks with excellent fundamentals don’t often go down just because they’re “expensive”–instead, they just get more expensive. So saying “SELL” based solely on valuation often sets the analyst up to be wrong.
  • The lack of SELL ratings makes SELL ratings sound like a complete condemnation of the company, to the point where it seems the analyst has a vendetta against it. The more polite way to tell people to sell, most folks on Wall Street whisper, is to say “hold”–or just ignore the stock altogether.
  • The issuance of a SELL rating often drives a stock down, hurting investors who own it. These investors will not usually say “thank you.” Instead, they’ll want your head.
  • Most investors are long-only, meaning they can only buy stocks, not short them. Thus, “SELL” ratings are only useful to hedge funds and investors who already own stocks.
  • Most companies refuse to talk to analysts who hit them with SELL ratings, thus reducing the analyst’s ability to gather information about the company.

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Wednesday, February 15th, 2012 news No Comments

Dr. Augustine Fou is Digital Consigliere to marketing executives, advising them on digital strategy and Unified Marketing(tm). Dr Fou has over 17 years of in-the-trenches, hands-on experience, which enables him to provide objective, in-depth assessments of their current marketing programs and recommendations for improving business impact and ROI using digital insights.

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