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Archive for December, 2014

Employees with San Antonio jobs getting a bonus?

Sunday, December 28th, 2014

Christmas bonuses may be in the cards for some of those with San Antonio jobs, according to a recent Careerbuilder holiday survey.

According to the survey, more employers plan to offer holiday perks in the form of parties, bonuses and gifts this year than in years’ past.

Sixty-three percent of employers say they plan to throw company holiday parties this year, up from 59 percent in 2013 and 60 percent in 2012. Though 2 in 5 workers say they plan to attend the office holiday party, the overwhelming majority (96 percent) say they would prefer a holiday bonus over a company bash (4 percent).

Some employees, however, may get their bonus wish after all. Nearly half of employers (47 percent) plan to give employees a holiday bonus this year, up from 45 percent in 2013. More than 1 in 10 employers say they will give a larger bonus than last year (11 percent).

Employers’ seasonal goodwill doesn’t stop at parties and bonuses, either. Forty percent of employers (40 percent) will give employees gifts this year (up from 35 percent in 2013), and 42 percent will give charitable donations.

While many gift-bearing workers stick to more traditional holiday offerings, such as ornaments, candy and gift baskets, others get a little more creative with their definition of the word “gift:”

A box of Hot Pockets®.
A chess piece (just one piece, not a set).
A fire extinguisher.
A voucher for a free lawn game of the co-worker’s own invention.
A turquoise leather vest.
Zombie action figures.
A Ziploc® bag with coffee (enough to make one pot).
A ‘gun of the day’ calendar.
A bag of chips.
A Christmas ornament with the co-worker’s and spouse’s photos on it.

Is not filling San Antonio jobs resulting in lost productivity?

Tuesday, December 2nd, 2014

A new survey from Indeed finds that the economic costs of unfilled San Antonio jobs, among other locations across the nation, result in lost productivity.

The loss is nearly $160B annually.

Of this amount, over half represent unearned wages (around 55%), with the remainder attributed to unearned profits. For the top 10 companies in Dow Jones Index, the combined cost of not filling open jobs for one month equals more than $75M in monthly gross domestic product (GDP).

While total employment has now almost caught up to its pre-recessionary peak with over 2M jobs being created in the first nine months of 2014, labor market participation has fallen to its lowest level in decades. A large number of unfilled, open roles may well cause problems for the economy in the years ahead.

There are a number of industry sectors in which unfilled jobs have greater impact due to the higher levels of contributed economic value, including finance, insurance, and professional services. These industries alone collectively represent over $4B GDP (GDP, a measure of goods and services produced within an economy and the income generated by that economy) in a typical month.

For the wider economy, the efficient matching of potential employees to businesses through the labor market is key to supporting healthy levels of employment and household incomes, while allowing businesses to reach full productivity.

“For today’s job seekers, these are near-perfect conditions, however, at almost $160 billion per year, the cost of unfilled roles should serve as a wake-up call to US businesses developing recruitment strategies in a post-recession environment.

“Each ‘empty desk’ represents an opportunity both for the individual and the business. For the business, finding and recruiting the right individual means better productivity and profits, while for the individual, earning an income and spending a salary contributes to wide economic growth. In today’s economic environment of lowered unemployment and labor participation, it has never been more important to hire the right fit for each role.”

Outlook strong for San Antonio jobs

Monday, December 1st, 2014

A new Manpower survey posits that the outlook for Texas jobs, and also for San Antonio jobs, looks strong.

According to Manpower, the fourth quarter research shows that U.S. employers anticipate hiring intentions to stay relatively stable quarter-over-quarter across all regions, and increase slightly compared to one year ago at this time. Three regions report the strongest Outlooks in more than six years:

Employers in the Midwest report a Net Employment Outlook of +15%, which is the strongest since Quarter 4 2007 when the Outlook was +18%.
Employers in the South report a Net Employment Outlook of +15%, which is the strongest since Quarter 2 2008 when the Outlook was +17%.
Employers in the West report a Net Employment Outlook of +16%, which is the strongest since Quarter 1 2008 when the Outlook was +22%.

Employers have a positive Outlook in all 13 industry sectors included in the survey, with Leisure & Hospitality, Mining and Wholesale & Retail Trade employers reporting the strongest hiring intentions.

Among the 50 states, employers in North Dakota, Arizona, Mississippi, Texas and Wisconsin indicate the strongest Net Employment Outlooks, while Alaska, Maine, New Jersey and Arkansas project the weakest Outlooks.

Among employers in the 100 largest metropolitan statistical areas, the strongest job prospects are expected in:

Dallas
Houston, Texas
McAllen, Texas
Phoenix, Ariz.
San Jose, Calif.

U.S. employers report the strongest Net Employment Outlook since Quarter 1 2008, when the Outlook was +16%. The Quarter 4 2014 Net Employment Outlook of +15% is up from +14% in Quarter 3 2014 and from +13% during Quarter 4 2013.

Of the more than 18,000 U.S. employers surveyed, 19 percent anticipate an increase in staff levels in their Quarter 4 2014 hiring plans, while anticipated staff reductions are consistent with past fourth quarter results at 7 percent. Seventy-two percent of employers expect no change in their hiring plans. The final 2 percent of employers are undecided about their hiring intentions, resulting in a Net Employment Outlook of +12%.