2008 Financial Crisis for Dummies: The Causes and the Consequences

Take It Personel-ly

If you experienced the Great Recession of 2008, you know how it felt. Living through history makes it hard to understand the causes and effects. Figuring out what caused it is a different story. Are you wondering what happened 12 years ago to cause such a devastating economic downturn?

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Would You Pay Applicants to Interview? Not I.

Nobscot

When I hire new employees I look for people who are excited about the opportunity and not just in it for the money. This has served me pretty well throughout my years as a business professional, entrepreneur, recruiter, and HR Staffing Manager.Which makes me really scratch my head in wonder about the new employment website that requires companies to pay applicants simply for the benefit of

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Economics: Trick, Treat or Threat

Transparent Office

Do you feel like wearing a costume? by D avid Zinger. Halloween is fast approaching. The world economic situation is turbulent to say the least. As a manager do you see this as a trick? Do you see it as a treat? Or do you add an h to treat and get t-h-reat! I am interested in the impact of this turbulence on your and your managing: Has your work changed? Has is had an impact on staffing? Are you thinking about management or the workplace in a different way?

HR Roles

Evil HR Lady

First I must say how much I’ve enjoyed your blog – it helped me a lot when I applied for a new job last year. Now (for only the second time in my career) I work for a company that is large enough to actually have an HR department! My question is, I see references to roles such as ‘HR Generalist’ and ‘HR Business Partner’, and I’m sure there are more I haven’t found yet. Could you please give a quick summary of the various HR roles and the differences? Oh the desire for Snark is overwhelming me.

Leading the VUCA World with Empathy, Humility & Inclusivity

The world is in crisis. The United States is in crisis. Amid the coronavi­rus pandemic, we have wit­nessed racial violence, racist threats, and hate crimes toward black people and other minority communities in America. The global public health pandemic, coupled with social in­justice, has swept the world, making an unprecedented impact on every aspect of human life. This crisis is just the latest example of the VUCA (volatility, uncertainty, complexity, ambiguity) world we are living in—a world that has presented us with the 911 terrorist attacks, the 2008 eco­nomic crisis, the 2020 COVID-19 pandemic, and ongoing systemic injustice. Are we prepared to live and cope with this unparalleled turmoil over the long run? How can we lead the VUCA world in the 21st century?

Strive for Higher Levels of Productivity

Reviewsnap

Employee productivity is one of the most important factors in overall profitability. When employees are highly productive, products and services are sold at a faster rate, overtime is reduced, staffing is kept lean and the customer is more satisfied. Productivity is often overlooked as a key variable in enhancing profitability. This web site includes a number of articles dealing with this issue.

Best Leadership Blogs of 2008

Transparent Office

I'm very excited to share the 10 nominees for the 2008 Best Leadership Blog contest with you. The contest is again hosted by Kevin Eikenberry , and this year I was part of the panel this year that narrowed down the field to 10 best. One randomly drawn voter will be given a three month membership in the Remarkable Leadership Learning System. Here are the 10 (in no particular order): Management Craft : Lisa Haneberg. Leading Blog : Michael McKinney. All Things Workplace : Steve Roesler.

Thoughts about Talent Management

Working Girl

In my role as an HCM strategist for a business software company I’ve been thinking about talent management and have identified what I think of as five popular ‘myths’ about talent management – there are probably more but these are my favorite five: Myth 1: Talent Management and Core HR are separate functions – this seems to be the de facto position of leading talent management solutions, but effective talent management requires consolidated access to employee, staffing and business data.

The Problem With HR

Evil HR Lady

In the comments on Policy Problem Just Another HR Lady Wrote: I would like to just comment that every profession (not just HR) has individuals who are low-performers or who are not the right fit for the job. Because HR deals with every single person in the organization at every level, HR low-performers or those who make mistakes/errors/missteps are much higher profile in the company than someone who only deals with one department. And with that she sums up a very real problem.

The Problem With HR

Evil HR Lady

In the comments on Policy Problem Just Another HR Lady Wrote: I would like to just comment that every profession (not just HR) has individuals who are low-performers or who are not the right fit for the job. Because HR deals with every single person in the organization at every level, HR low-performers or those who make mistakes/errors/missteps are much higher profile in the company than someone who only deals with one department. And with that she sums up a very real problem.

Call A Lawyer

Evil HR Lady

We have a situation in which an individual in the family was let go and given 6 months’ severance. This person presented a letter saying he had one year of severance in his contract. Since the company had been bought out, they responded that their severance offer superseded any previous offer. This employee was never notified of the change when the company was bought out, nor would he have agreed to go on with the new employer had the terms of his contract been changed to a six-month deal.

Call A Lawyer

Evil HR Lady

We have a situation in which an individual in the family was let go and given 6 months’ severance. This person presented a letter saying he had one year of severance in his contract. Since the company had been bought out, they responded that their severance offer superseded any previous offer. This employee was never notified of the change when the company was bought out, nor would he have agreed to go on with the new employer had the terms of his contract been changed to a six-month deal.

HR Roles

Evil HR Lady

First I must say how much I’ve enjoyed your blog – it helped me a lot when I applied for a new job last year. Now (for only the second time in my career) I work for a company that is large enough to actually have an HR department! My question is, I see references to roles such as ‘HR Generalist’ and ‘HR Business Partner’, and I’m sure there are more I haven’t found yet. Could you please give a quick summary of the various HR roles and the differences? Oh the desire for Snark is overwhelming me.

Irish Unemployment Rate Lowest Since 2008

Rezoomo

Alan McQuaid, chief economist with Merrion, pointed out that the jobless rate in October was the lowest since February 2008. The post Irish Unemployment Rate Lowest Since 2008 appeared first on Rezoomo Blog. The seasonally adjusted unemployment rate fell marginally to 5.3% in October. It stood at 5.4% in September. It compares to an unemployment rate of 6.6% in October of last year.

ATS 48

A Philosophical Job Search

Evil HR Lady

Hello, Evil HR Lady. I've got a question that may be a bit personal, but hopefully it's still general enough to be useful to you. I'm a philosophy major. (Go Go on, laugh, get it out of your system.) Looking at postgraduate career paths, HR is a remarkably appealing option, but I'm worried about whether my BA would be taken seriously when I'm looking for jobs. Am I fussing too much, or could this be a real handicap after graduation?

What is it Really Like to Be in HR?

Evil HR Lady

From time to time, I have people ask me what a typical day as an HR professional is like. So, I thought I'd take the time today to answer that question. Arrive at the office. Walk in and find fresh bagels and cream cheese waiting for you and your team. "Oh," Oh," your admin explains (there is always plenty of administrative support, so you never have to do things like fill out forms, or schedule appointments) "these are from finance.

A Rescinded Offer

Evil HR Lady

I need to know where I stand with this issue. I was offered a job with a company, they sent me an offer letter, I accepted. I passed the tox screen test and the background check. I was to start on Monday 1/28/08. They called me yesterday, the HR director and told me that the he would need to rescind the offer letter due to the position is going away. Now, after I gave my two week notice here, they have already filled my position and I am out on the street. What can I do about this?

How losing what I thought was everything in 2008 reminded me I will get through 2020.

Thrive Global

I’m going to start by saying this—You Are Enough. In the middle of April, I started a community initiative ‘ find your power in the middle of chaos ‘ as news of a pandemic wreaked havoc onto the lives of many. It wasn’t my intention to start a movement of any kind, all I knew at that time as I still do now, was that I needed to do my part.

Three Lessons Learned From 2008: A Recession Guide For Talent Acquisition Leaders

Forbes Human Resources Council

How do we switch our strategies for a recession and a potential upturn? Leadership /leadership Leadership /leadership Leadership Strategy /leadership-strategy leadership

NY-Toronto Law Firm KM Summit 2008 in Boston

Knowledge Musings

Doug Cornelius asked me to participate in the NY-Toronto Law Firm KM Summit 2008, which for some reason was held in Boston this year. This is a group of lawyers (primarily) who are very interested in knowledge management in the legal profession. There are a number of my friends from KM circles associated with this group, and it was great to reconnect once again. Unfortunately, I could only stay for the morning. Does Enterprise 2.0 = Knowledge Management 2.0?

Talent management and ISO 9001:2008 Clause 8

Saba

Do you think HR has nothing to do with ISO 9001:2008? Using a talent management system can help you meet the requirements and certifications set out in ISO 9001:2008, improve your company’s operations, align individual and organizational goals, and boost customer satisfaction So wrong!

Softscape Settles SuccessFactors Lawsuit

Josh Bersin

Today Softscape settled the lawsuit filed by SuccessFactors in March of 2008. This lawsuit, which we wrote about in a prior blog post, revolved around a contentious sales presentation which was. Bersin & Associates, Leading Research and Advisory Services in Enterprise Learning and Talent Management.

Softscape Settles SuccessFactors Lawsuit

Josh Bersin

Today Softscape settled the lawsuit filed by SuccessFactors in March of 2008. This lawsuit, which we wrote about in a prior blog post , revolved around a contentious sales presentation which was developed by Softscape and leaked into the public domain. In the final settlement Softscape agreed that the presentation in question had some errors. Read more» The post Softscape Settles SuccessFactors Lawsuit appeared first on JOSH BERSIN.

Performance Management Creates Agility in Copper Mining

Josh Bersin

Last week I spoke with some of the business and HR leaders at Freeport McMoRan, one of the nation’s largest producers of copper, gold, and molybdinum. This company, which recently acquired Phelps Dodge, produces over 4 billion lbs.

After Talent Management: Enter People Management

Josh Bersin

Business and HR leaders have been focused on integrated talent management for the last three years now, and it is clear that talent management concepts, strategy, and solutions have started to. Bersin & Associates, Leading Research and Advisory Services in Enterprise Learning and Talent Management.

Five Reasons to Focus on Recruiting in 2009

Josh Bersin

Here we are entering the worst recession in more than 30 years, reading about layoffs, downsizing, and restructuring in almost every industry. So why would I start our 2009 research with a discussion. Bersin & Associates, Leading Research and Advisory Services in Enterprise Learning and Talent Management.

Life or Death: Building a Corporate Learning Culture

Josh Bersin

Witness the number of companies undergoing a wrenching transformation (read “potential death&# ) in today’s economy: the US Auto industry (GM, Ford, Chrysler) , the US Newspaper. Bersin & Associates, Leading Research and Advisory Services in Enterprise Learning and Talent Management.

Lessons from Yahoo: Enduring Organizations Manage Executive Succession

Josh Bersin

This week we witnessed another vivid lesson in the value of executive succession: Jerry Yang steps down as the CEO of Yahoo! Yang replaced Terry Semel, who spent years trying to build Yahoo! Bersin & Associates, Leading Research and Advisory Services in Enterprise Learning and Talent Management. Terry Semel

Fear: Does your organization have the Courage to invest in tough times?

Josh Bersin

You can’t pick up a newspaper these days without reading about more business downturns, layoffs, and lowered expectations for retail sales, automobiles, consumer products, housing, and. Bersin & Associates, Leading Research and Advisory Services in Enterprise Learning and Talent Management.

Where is the “Talent Management” Market going?

Josh Bersin

As the US economy lost 240,000 jobs last month and the unemployment rate rises to 6.5%, one of the questions I know many people ask is the direction of the “talent management&#. Bersin & Associates, Leading Research and Advisory Services in Enterprise Learning and Talent Management.

Restructuring HR: Where are we going

Josh Bersin

In the last year many of our research members and clients have come to us for help in restructuring their HR or Learning & Development organizations. There have been three major forces at play. Bersin & Associates, Leading Research and Advisory Services in Enterprise Learning and Talent Management.

ATS 68

Where is the Market for HR Software?

Josh Bersin

One of the things we regularly do as an analyst firm is estimate the size and growth rate of various corporate software markets. Without giving away our proprietary methodology, I’d like to point out something which should make software providers think twice about their business strategy. In the United States, only 38% of all employees. Read more» The post Where is the Market for HR Software? appeared first on JOSH BERSIN.

SaaS will never Kill Licensed Software

Josh Bersin

I have to smile. Today I read an interview with Harry Debes, the CEO of Lawson Software, discussing why he thinks the SaaS (Software as a Service) model will fade and die. While I dont agree 100% with his discussion, I do agree with much of what he has to say. I also have lived. Read more» The post SaaS will never Kill Licensed Software appeared first on JOSH BERSIN. Core HR Systems lawson saas successfactors

Your “Incumbent” HR Systems Vendor – What to do?

Josh Bersin

I just completed a series of interviews with three organizations going through the important, challenging, and time consuming process of implementing a new performance management system. In each case (a large healthcare provider, a global mining company, and a global call center operations company), the company is using the implementation of a performance management system. Read more» The post Your “Incumbent” HR Systems Vendor – What to do? appeared first on JOSH BERSIN.

Perspectives on the SuccessFactors and Softscape Lawsuit

Josh Bersin

On March 12, two of the leading talent management software vendors went to war. SuccessFactors, a leading provider of performance management software, filed a lawsuit against Softscape, a leading provider of integrated talent management software. The lawsuit, and continuing press releases, claims that Softscape inappropriately logged into SuccessFactors’ internal systems, distributed false and misleading claims.