Archive for the ‘Employment’ Category

06.1
15

The Different Kinds Of Airport Job Roles

by como ·

Airports make use of a huge quantity of individuals in each non permanent and permanent positions: Heathrow airport for example employs hundreds of members of workers by a whole bunch of corporations each in and out of the airline industry. Have you ever thought of getting a job in an airport? There is such a wide range of job alternatives related with airports that a very massive number of people that stay close to enough to an airport to be able to benefit from such opportunities can often discover one thing which is related to their space of expertise.

Airline Jobs:

The employment of airways may be both various and specialized. Quite a lot of the roles which airlines recruit for require transferable expertise such nearly as good administration, effectivity, diligence, etc. Others require specialised skills which require quite a lot of coaching and qualifications – I am trying to keep away from the plain instance of ‘pilot’ however it’s simply too obvious.

Construction, Engineering, Venture Management:

The expansion and development of airports is often ongoing and at all times taking place somewhere: this creates an unlimited number of jobs within the development industry in addition to in design, engineering and management. The construct of Terminal 5 for instance, nevertheless controversial, created 1000’s more jobs for Heathrow and the encompassing areas. In addition to this there are apparent ‘trickle down’ effects for both the micro and macro economy.

Transport and Logistics:

Planes aren’t the only thing coming in and out of airports. Airport transfers are a surprisingly profitable operation which works off the again of an airport’s success: taxis, buses, coach transfers, automobile hire, etc.

Hospitality, Catering and Retail:

Airports are transport hubs which have access to a captive, broad and big market. Subsequently since their humble beginnings, airports have begun to attract rich companies who can take advantage of the business alternatives an airport presents. From retail administration roles, shop assistants, waiting staff… the list goes on.

The Other Opportunities:

Usually coming from notably entrepreneurial businesspeople, there are a number of different ways that folks make cash and employ folks by means of the airline trade: consider these individuals who cling-film wrap your baggage to keep them protected and together on a long flight – something you wouldn’t consider at first, however somebody’s received to do it!

I’ve only touched on the main employment alternatives which are connected to airports and the airline industry. There’s too much recruitment occurring within the airline industries to speak about all of it in depth, so I would counsel that if this text wet your urge for food that you simply look into an space of specific curiosity/experience in detail.

05.23
15

Pre-employment Screening Of Doctors

by como ·

Verification Of Professional Degrees

Among other things, doctors as a profession and Healthcare as an industry share a common need a good reputation. For doctors their good name is as important as their medical skills and abilities. For hospitals, an excellent reputation is as desirable as modern equipment and the best facilities.

A good name, like good will, is got by many actions and lost by one.. Lord Jeffery

When the good name is brought into disrepute it is the hardest of tasks to remedy. That is precisely the predicament in which Delhi hospitals find themselves.

Over the last few months there has been a spate of reports in various media about unscrupulous people practicing medicine and masquerading as doctors. They have been carrying on their wicked work without the education, training or qualifications to do so. These quacks have even infiltrated the sanctums of private hospitals and are no more confined to the narrow lanes and backstreets of crowded slums and unauthorized colonies.

Reports reveal that the problem is rather large and widespread. Large enough to be alarming. The, now dissolved, Medical Council of India had estimated that the number of quacks operating in the Delhi region would be about 40,000! Now compare that number with 45,000 (DMC database), which is the number of genuine registered doctors.

The erstwhile Medical Council of India (MCI) and the Delhi Medical Council (DMC) have been working hard to get a grip on the problem and clean out the Augean stables. As a result of their efforts some 25 fake doctors were discovered working in respected private hospitals. These quacks have been suspended – with police cases filed against them – and are now enmeshed in the judicial process.

The lesson to be taken from these findings is that hospitals should wake up quickly to the vital necessity of verifying the educational and medical qualifications and antecedents of the medical staff they hire. They cannot afford being tarnished by the bad reputation that comes with hiring quacks and other unqualified medical personnel.

Background Screening and authentication of education qualifications should be rigorously carried out along with checks of professional degrees and references. These checks are especially crucial in an industry such as healthcare where the price of wrong hiring could be the loss of a life.
In a recent AuthBridge study, Background Screening Trends: October 08 July 09 it was found that 69% of discrepant cases relating to education were due to fake/forged documents. The bigger picture is even more disquieting. They show that 30% of all the cases we handled were discrepant – for a variety of reasons. Of these the majority pertained to false and fake qualifications. While these statistics do not directly relate to the medical profession, it is a pointer to what could be the magnitude of the problem facing it.

While hospitals of all hues and sizes need to be alive to the seriousness of the problem, it is also important for the various medical governing bodies to conduct checks of their own. They too have to retain their good name and integrity of their associations. The reconstituted Medical Council of India has to work, now and in its future avatar, to safeguard its international reputation too.

The following quotation is rather apt in the light of the problem. A good name is better than precious ointment (Ecclesiastes 7:1).

Read More: http://www.authbridge.com/resource-center/industry-updates.html

05.21
15

Occupational Therapy Travel Employment

by como ·

Register with an Expert Healthcare Staffing Firm

Division of Labor’s Occupational Outlook Handbook for 2008-09 documented that in 2006, OT’s held about 99-thousand jobs in this region. They worked at hospitals, in offices of other well being practitioners like chiropractors, in universities and nursing facilities. Work opportunities for occupational therapists are predicted to grow a great deal faster than the regular for all occupations by way of the 12 months 2016.16.

The title of Occupational Treatment presents you 3 roads to get. You can be an occupational therapist, an assistant or an aide. Just about every of these titles comes with a distinctive training and licensing necessity, along with various responsibilities and salaries.

To come to be an Occupational Therapist in the United Says, you will require a Master’s Diploma and a license to apply. For the license, you will have to display that you have graduated from an accredited system and you will have to pass a national certification examination. Wage ranges from a small of 59K to the median of 65K and a superior of 72K.

Assistants of a therapist comply with the treatment method blueprints formulated by occupational therapists and would make positive purchasers are performing people activities satisfactorily. Occupational therapist assistants also preserve a log of patients’ progress for occupational therapists. To turn out to be an occupational therapist assistant, you will need to have an associate diploma or a certificate from an accredited neighborhood university or technical college. You’ll also have to do some medical fieldwork and most states demand that you pass a nationwide certification examination. Salaries for assistants collection from a reduced of 38K, to an typical 42K, to a significant of 46K.

Occupational therapist aides are accountable for getting ready the tools and elements that an occupational therapist will be using while in remedy. They are generally asked to cope with clerical responsibilities, as perfectly. An occupational therapist aide will normally be authorized to do on-the-occupation training immediately after finishing large college or receiving their GED. Aides are compensated possibly hourly, around $eight.20 per hour up to $21.22 for each hour. And each year they can earn from 17k to 44k for the 12 months.

Mainly because lots of jobs are in hospitals and nursing residences, it is just about assured that they will give a great advantages bundle along with the salary. To acquire journey occupational therapy careers a person should at minimum have a bachelor’s degree in from an accredited institute. People today seeking a occupation in travel occupational therapy should have sturdy interpersonal expertise, empathy, integrity, and fantastic communication abilities. A substantial sum of persistence is also necessary for doing this task.

Occupational remedy traveling employment are worthwhile profession options for pros who delight in exploring new destinations. A person can investigation for chances on the internet. There are many recruitment companies that give journey jobs in a selection of healthcare configurations such as hospitals, assisted living amenities, rehabilitation centers, acute treatment amenities, extended expression care centers, outpatient clinics, nursing homes, household wellness companies, instructional institutions and personal practices. The income may well differ dependent on their specializations, experience, and preferred site.

Occupational therapists on journey assignment commonly receive quite a few advantages these as:

*Competitive wages

*Compensated homes

*Travel allowances

*Medical, dental insurance coverage

*Assistance in licensing and immigration processing

*Continuing schooling

04.28
15

Abbey National Santander Demonstrates The Uphill Battle In Suing Your Employer

by como ·

The uphill battle and intense stress in suing your employer is demonstrated by the high-profile Chagger v Abbey National plc & Hopkins (2006) legal case in the UK, where the Employment Tribunal found race discrimination and subsequently ordered Santander Abbey National to pay the record breaking 2.8 million compensation award. Abbey National Santander Group (the Spanish-owned UK high street bank which will soon be re-branded as Santander share price, and is part of the massive Banco Santander Group) terminated Balbinder Chagger’s employment in 2006, asserting redundancy as the reason. Mr Chagger believed that the real reason behind his dismissal was race discrimination. Santander Abbey National Group employed Mr Chagger (of Indian origin) as a Trading Risk Controller. He was paid about 100,000 per annum and he reported into Nigel Hopkins.

An employee who has suffered discrimination at work could decide to challenge his employer. The challenge may be initiated in the form of a formal grievance. The employee raises the grievance formally with the employer. The employer is responsible for hearing the grievance and deciding its outcome. The employer is, thus, given the opportunity to deal with the employment dispute and to bring it to a satisfactory end. The Employment Tribunal that heard the Abbey Santander price case found that Mr Chagger had attempted to resolve the issues around his dismissal directly with Abbey National and Mr Hopkins, via the company’s own complaints and grievance procedures. The Employment Tribunal also found, however, that Mr Chagger’s issues were simply dismissed out of hand.

If the employee remains dissatisfied with the employer’s handling of the grievance, then he must initiate legal action in order to persevere with his challenge. Mr Chagger, being dissatisfied with the outcome of his grievances, eventually initiated legal proceedings against both Abbey National Santander and Mr Hopkins on the grounds of race discrimination and unfair dismissal, thus, escalating the dispute to the attention of the Employment Tribunal.

An employer (especially a large and powerful organisation such as a major bank) is likely to be a formidable opponent for most employees, possessing vastly superior levels of financial resources, experience of dealing with disputes, legal expertise and plenty time to devote to the challenge.

In stark contrast, the employee will be relatively poor in financial resources, experience and legal expertise, will be hindered by personal circumstances and commitments, and have to make time to devote to the challenge while he also goes about discharging his obligation of mitigating his loss stemming from the discrimination he has suffered. He may also be further hindered by the low economic value of his challenge (the rewards less the costs), and be discouraged by the prospect of being shunned by prospective employers for having brought a legal action against an employer (whether he wins or loses).

The employer may exercise its superiority ruthlessly, without any remorse, in its attempts to coerce the employee into giving up his challenge for as little as possible. To persevere with legal action against such a formidable opponent requires the employee to possess an amazing level of resolve and lots of disposable cash.

Even though the employer might be holding significant advantages and be ruthless, a genuine challenge supported by appropriate evidence has the possibility to be successful, as shown by Mr Chagger who satisfied the Employment Tribunal that Mr Hopkins and Santander Abbey National had unlawfully discriminated against him on the grounds of race in his dismissal. In order to remedy the wrongs of race discrimination and unfair dismissal that Abbey Santander had committed, the Employment Tribunal ordered it to reinstate Mr Chagger. However, Santander Abbey refused to comply with the Employment Tribunal’s reinstatement order.

Despite Mr Chagger’s challenge being genuine and successful, his experience was that other prospective employers shunned him for having brought a legal action against an employer. This, along with Santander Abbey National’s refusal and failure to comply with the Employment Tribunal’s reinstatement order, subsequently led to the record breaking 2.8 million compensation award.

Even if the employee’s legal challenge is successful, the employer may appeal against the Tribunal’s decision and, thus, continue to prolong the employee’s challenge and to erode its economic value through additional legal costs. In 2008, Santander Abbey National and Mr Hopkins continued the legal case by appealing against the Employment Tribunal’s finding of racial discrimination and 2.8 million compensation award. The Employment Appeal Tribunal (EAT) that heard the appeals upheld the original Employment Tribunal’s finding that Abbey Santander and Mr Hopkins had racially discriminated against Mr Chagger in his dismissal. However, the EAT overturned the Employment Tribunal’s 2.8 million compensation award and sent it back to the original Employment Tribunal for reconsideration.

Even where the issue of the wrong committed has been closed off, the employer may continue to be ruthless in its handling of the issue of remedy/compensation. The Chagger v Abbey National plc & Hopkins case did not end at the EAT stage. This year, 2009, the case was appealed to the Court of Appeal (the second highest court in the UK). The Court of Appeal’s List of Hearings showed that the appeal was listed for hearing on 7 and 8 July 2009. The Court’s judgement and records of the hearing were not available at the time of writing this article. The King’s Walk Bench set of barristers’ chambers, who represented Santander Abbey and Mr Hopkins, had reported that the Court of Appeal hearing was only about compensation (not racial discrimination also). That would suggest that the wrong of racial discrimination committed by Abbey Santander and Mr Hopkins has been finalised by the EAT (which upheld the original Employment Tribunal’s decision that Santander Abbey National and Mr Hopkins had racially discriminated against Mr Chagger in his dismissal), and that Mr Chagger has appealed against the EAT’s decision to send back the 2.8 million compensation award to the Employment Tribunal stage for reconsideration.

As can be seen, winning a discrimination case against a powerful employer is far from easy: it is highly risky and intensely stressful, possibly spanning across many years. The employee should try to have regard for the economic value of his challenge and base his decisions with reference to it, because if the challenge is purely based on principles (no matter how admirable they may be) or spite, then he should prepare to lose lots of money.

04.14
15

The Employment Hub In Riyadh Saudi Arabia

by como ·

You will find around millions of people of as employees from various areas of the planet. The Arab nations have centered the planet through its OPEC recognition since age range, to be the country using the immense disposition of crude and oil and also the ample facility to understand more about new fields and get the most from the current oil wells. Practically oil is just about the primary energy source. Saudi Arabia of all the nations around the globe has got the biggest deposits of crude nearly 20% from the worlds production is as simple as Saudi Arabia and it is presently the mind of OPEC organization, thus includes a complete charge of the foreign crude rates and relish the high flow of forex for purchasing individuals crude. The roles in Saudi Arabia possess a non-thorough interest in labor i.e. unskilled and semi-skilled employees.

The interest in labor in underside for that companies continues to be huge there. The neighborhood people cannot fulfill individuals demand thus for that expats who aren’t skilled can search for the long run there. The currency conversion helps the expats to savor more income because of the exchange rate. Saudi Arabia has always led hugely for the employment. It is a expect the job for lakhs of individuals. Though majority seem to be the manual labors still they earn enough to take care of their loved ones. Lately trend from the jobs in Saudi Arabia continues to be transformed. Initially couple of decades ago Saudi Arabia was majorly platform explosion based economy. Meaning the nation has got the major business in oil and oil exports to cause most of the countrys business with 90% of exports of oil and around 45% of contribution towards the GDP.

Another significant factor is the fact that couple of years back there is a totally free hands employing of employees from the foreign land thus due to this individuals from homeland faced difficult to find jobs. The businesses in Saudi Arabia thought more within the individuals from foreign country because the Saudi has low-level of your practice. Ironically getting money and availability the neighborhood people do not have the qualification for job.

But presently the federal government has understood the expected outcomes relationship of your practice level and the introduction of the nation and up to date efforts from the government to alter the scenario of jobs in Saudi Arabia have uplifted the nation in a variety of sector. It has assisted in development of the task of finance and repair domain. Thus in the blue collared jobs the popularity of jobs in Saudi Arabia continues to be moved to whitened collar jobs. The different industries like health care, health care, IT, software, primary education, banking and finance etc. happen to be developed. The folks that accustomed to go to the country to build up their careers now are able to maneuver up and search for some real job.

It’s appropriately stated by using good quality comes evil the federal government to be able to develop its very own economy needs to set up the restriction around the companies concerning the recruitment and therefore the expats employed in Saudi Arabia have face difficulty in making it through their jobs using the growing competition and also the preference provided to the neighborhood people and also you can find jobs in riyadh.

Though there’s been an extreme alternation in the popularity of employment still the oil and crude industry continues to be best player one of the filed supplying employment but still the earnings from all of these companies rules the GDP of the nation.

04.10
15

Online at Home Employment – What You Need to Do Before Starting

by como ·

Does online at home employment interest you? Do you aspire to make enough money so you can leave your regular work? This is a ambition for many people. I am here to reveal to you that you can make it a actuality. All it takes is some thorough research, a intense desire to be taught and consistent action.

Why are people interested in online at home employment? Because they need money. There are many reasons why people require or want money, but the bottom line is it is needed. So you have got to do your due diligence.

Find out how much realistic money can be earned. What are the regular earners getting paid by the company? How long did it take them to realize this amount? Try to avoid get rich programs. The owners are the ones who become wealthy. Check the company’s reputation. How long has it been in business? Commonly speaking stay away from start-ups. They are in the growing stages and are constantly making changes that could affect your organization.

Investigate the owners history. You want owners who begun with nothing and built their business successfully using the same methods they are teaching you. This will benefit you because they will understand the difficulties which you must overcome.

Look for hidden costs within the program. Many opportunities have an up-sell or further purchases that are not disclosed in advance. The companies that divulge everything upfront are more apt to be legitimate.

Investigate what kind of support is accessible for new members. Can your questions be answered in a forum? Are the owners and management accessible? Are members supportive and accommodating? Will you receive quality training? Is personal coaching accessible if you require it?

Look for tools built-in in the price of the membership. The more tools that are supplied to build your online at home employment business the less money you will need to pay out. This is important in the beginning because it will take some time before you start earning money.

After making a decision, start learning about how to build the business. It is best to concentrate on one task.Learn, apply, excel and then move on to the next one. Always take action on what you have learned. hen you make an error remember it is OK because you are that much closer to success.

After joining it is important to create a plan of action. How much time will you dedicate to online at home employment? What action will you take and when? It can always be adjusted when needed but it is very important to be working steadily towards your goals. The people that succeed are unswerving in their efforts.

You can absolutely succeed online at home employment. The opportunities to be had today on the internet are tremendous. People are often scared of being taken advantage of but if make your inquiries beforehand and work conscientiously you will become one of the many web success stories being created around the world today!

Devan Persaud is a successful Internet Marketer who enjoys sharing success tips with other marketers. Receive your FREE Internet Wealth Guide today by visiting this online at home employment training facility.

03.25
15

Necessity of Help for Employment Litigation

by como ·

Any lawsuit may spell serious trouble for a business, especially if it is a new or a small one. It assumes greater proportions in case the plaintiff is an employee, past or present. You need to get in touch with a capable employment attorney for active defense in such circumstances.

When does retaining legal counsel become imperative?/b>

Here are a few instances-

You are facing an investigation by the federal or state agency on grounds of employment law violation. Whether it is the Equal Employment Opportunities Commission or the Florida equivalent of it, you need legal counsel to ensure that it does not reach unmanageable proportions.

You are facing a lawsuit claiming a violation of a federal or state employment law. It can be anything – a violation of the American with Disabilities Act, a discriminatory termination, or a sexual harassment. Proper legal representation is necessary to avoid the negative consequences of such litigation.

You are facing litigation concerning the non-compete agreements an employee refuses to adhere to. Interpretation of the terms and conditions in the agreement to defend your side is the chief task of the Fort Lauderdale employment attorney.

How could an attorney be of help?

The important points in this regard are as follows –

The attorney has the necessary knowledge of the federal and state laws to understand the matter and the legal interpretations and implications.
The attorney has the necessary certification to represent you in case the litigation reaches the trial stage.
The attorney has the necessary experience in similar employment cases making it easier for him/her to handle your case.

Why is defense essential?

Without adequate, and timely, defense, an employer may end up in serious legal trouble. If you lose, it may mean considerable financial losses. Litigation implies waste – of time and money. In such a circumstance, losing the suit only doubles your monetary losses.

You may have to provide the employee with back pay, wages and benefits, as well as court costs and attorney fees. You may also need to reinstate your employee, or give him/her a promotion and a raise.

However, these are not of as much consequence as the loss of your reputation. Losing a suit may not mean much for a business, but the associated taint on your record may be quite a concern. You need timely and effective defense immediately. This is the reason you need to find an employment attorney for advice and representation.

03.16
15

After 1 Year, Obama Vs. Reagan

by como ·

As we approach the end of the year, we are also approaching the end of President Obamas first year in office. You might be wondering how he is doing, based on actual numbers (rather than political spin).

Obama clearly inherited a difficult situation economically. Only two others in the modern era came even remotely close. One, of course, was FDR, but unfortunately the data from then is rather sparse, and mostly available on just an annual basis, or at best quarterly (good economic data was one of the by-products of the New Deal).

The other who inherited a difficult economic situation was President Reagan. Granted, the type of difficulty was very different under Reagan, and presidents — like quarterbacks — get too much of both the praise for a good economy and the blame for a bad economy.

Still, I think comparing the numbers for the two during their first “year in office could be instructive. The data I used for the comparison are all available monthly (at least, and if more frequently, I used the monthly data). The source of all data is the St. Louis Fed (except for the S&P 500).

The two presidents offered very different prescriptions for the economy. Reagan was all about cutting taxes and less government involvement in the economy. While most of the really big moves of government into the economy in response to the recent economic crisis actually took place under President George W. Bush, Candidate Obama saw them as needed. The Bush Administration was the one that bought the stakes in American International Group (AIG – Snapshot Report), Fannie Mae (FNM – Snapshot Report), Freddie Mac (FRE – Analyst Report) and the banks, while Obamas support for a prepackaged bankruptcy resulted in large government stakes in the Auto industry.

There were no comparable big investments by the government into the private sector late in the Carter Administration, and certainly Reagan did not initiate any. Reagan did not have to deal with a financial meltdown when he took office, but on the other hand, Obama did not have to deal with runaway inflation. Both are serious diseases, but think of it this way: both cancer and heart disease can kill you, but you would not want to give chemotherapy drugs to a heart attack patient. Thus, perhaps it is appropriate that the prescriptions be different.

If one only looks at the unemployment rate (U-3), both did a poor job in their first year, and Obama was significantly worse. The unemployment rate in January 2009 was 7.6% and by November it had climbed to 10.0%. In January 1981, when Reagan took office, the unemployment rate was almost identical at 7.5%, and by November of 1981 it had climbed to only 8.3%.

Private employment actually rose during the first 11 months of 1981 by 0.55%, from 74.671 million to 75.084 million. Under Obamas tenure so far, private payrolls have dropped by 2.95% to 108.495 million from 111.793 million.

So on the employment front, Reagan is the clear winner so far. However, over the course of 1982 and 1983 the employment situation deteriorated significantly. We do not know what unemployment will do in 2010 and 2011, and thus can only judge based on what we have seen so far and in the comparable period under Reagan.

Advantage: Reagan

Reagan also wins when it comes to real disposable personal income, which expanded by 2.3% in the first 11 months Reagan was in office, while it has only increased by 1.0% so far under Obama.

Advantage: Reagan

The dollar was also much stronger during the first 11 months of Reagan, although I am not sure if that is a positive or a negative. During the first 11 months of Reagan, the dollar relative to an index of major currencies gained 9.88%, while under Obama, the dollar has lost 9.70% relative to the same index.

Given that we are running chronic trade deficits now, but really were not back then, I would argue that today a weak dollar is good for the economy today since it will help out on the net export side of things. Inflation is not a big problem today, but was the number one problem with the economy when Reagan took office. The downside of a weak dollar is that it contributes to inflation, so back then having the dollar strengthening was a good thing.

No Advantage to Either

On the inflation front, however, things are far better under Obama. On a headline basis, prices have gone up by 2.39% so far under Obama, while they rose 7.57% during the first 11 months that Reagan was in office. On a core basis (ex-food and energy) the difference is even more stark, rising 8.31% under Reagan and up just 1.51% under Obama so far. Later in the Reagan Administration, inflation fell much more, but even when he left office in 1989 inflation was far higher than it is today.

Advantage: Obama

Industrial production fell slightly more during the first 11 months of Reagan (1.07%) than it has under the first 11 months of Obama (0.68%). Capacity Utilization started out at a much lower level when Obama took the oath than the Reagan did, at 71.1% (an all-time record low at the time) vs. 80.7% when Reagan took office. However, by November of 1981, the total capacity utilization rate had fallen to 77.9%. Under Obama, capacity utilization has actually risen to 71.3%, although it remains at a historically low level.

Advantage: Obama

Interest rates can tell a lot about the state of the economy. For example, the spread between the rate that gilt-edged companies have to pay on their bonds and what normal companies have to pay on their bonds tells a lot about how much bond investors fear companies going belly up. The former is measured by the Moodys (MCO – Analyst Report) Aaa rate and the later by the Baa rate (not to be confused with “junk bond” rates; Baa is still investment grade).

In January of 1981, the best credits in America had to pay 12.81% on their bonds, while normal companies had to pay 15.03%, for a spread of 2.22% (or as a ratio, normal companies had to pay 17.3% more than the gilt-edged ones). By November of 1981, both the best and the ordinary had to pay more — the Aaa rate had surged to 14.22% while the Baa rate had risen to 16.39%, so the spread had fallen ever-so-slightly to 2.17. The ratio had come down a bit more, and the ordinary firms were paying 15.3% more than the best firms.

When Obama took office, the Baa rate was 8.14% while the Aaa rate was 5.05%, for a spread of 3.09. In other words, ordinary firms had to pay 61.2% more for money than the best firms did. Investors were very afraid that companies would go bankrupt, and so demanded a higher rate from normal companies than from firms that seemed to have very little risk of writing a new chapter (the eleventh) in their corporate histories.

Since then, the rate the highest-rated firms have to pay has actually increased slightly to 5.19% while the rate that normal firms have to pay has plunged to 6.32%, bringing the spread down to 1.13% and the ratio down to the point where normal companies are paying 21.8% more for their money than the Aaa firms.

(Given the huge difference in the overall level of interest rates between the two eras, it is important to look at both the spreads and the ratios. Clearly a spread of 2% has a very different meaning and significance if it is between 1% and 3% than if it is between 13% and 15%).

Advantage: Obama

Another important signal that comes from interest rates is the yield curve, or the difference between long-term and short-term interest rates. The curve is measured using Treasury notes or bills, since you only want to be looking at the differences due to maturity, not due to quality (the opposite of the Aaa-Baa spread, which is only looking at quality differences, not maturity differences).

While there are many different measures of the curve, the one that is used the most is the difference between the 2-year note and the 10-year note. Generally speaking, the steeper the yield curve, the better. An inverted yield curve is very bad news, and is probably the best single indicator that the economy is about to go into a recession.

When Reagan entered office, the 10-2 curve was inverted, with the yield on a 2-year note at 13.26% and the yield on the 10-year at 12.57%, for a spread of -0.69. On a ratio basis, the 10-year was providing only 0.95 of the 2-year. By the time November of 1981 rolled around, the curve had returned to normal but was still pretty flat. The yield on the 2-year had fallen to 12.88%, while the yield on the 10-year had increased to 13.39, resulting in a positive curve of 0.51. On a ratio basis, the 10-year was 1.08 of the 2-year.

When Obama entered office, the 2-year was at a very low 0.81% while the 10-year was 2.52%, for a positive spread of 1.71%. On a ratio basis, the 10-year was yielding over three times as much as the 2-year (3.11x to be exact). By the end of November, the curve had expanded even further, with the 2-year virtually unchanged at 0.80%, while the yield on the 10-year had risen to 3.40%, for a spread of 2.60% and a ratio of 4.25x. Again, given the vastly different overall levels of rates, it is important to consider both the spreads and the ratios when making the comparisons.

Advantage: Obama

Mortgage rates were both far higher and moving in the wrong direction early in the Reagan presidency. When he took office they were at 14.90%, and by November they had risen to 17.83%. When Obama took office, the rate on a 30-year fixed mortgage was 5.06% and has since fallen to 4.88%.

Not surprisingly, then, the housing market was far worse under Reagan than it has been under Obama (at least if measured by direction, not levels). In January of 1981, housing starts were running at a seasonally adjusted annual rate of 1.547 million, and by November of that year they had plunged to 837,000, a decline of 45.9%. Since January of 2009, housing starts have risen from an annualized rate of 488,000 to a rate of 574,000 in November, an increase of 17.6%.

Advantage: Obama

Similarly, single family new home sales plunged by 25.2% early in the Reagan years to a rate of 382,000. Since Obama came into office, new single family home sales have risen by 22.2% to an annualized rate of 402,000. Existing home sales are not particularly important to the economy (just like used car sales are not very important).

Auto sales also fared worse under the early part of the Reagan Administration than they have so far under Obama (at least as measured point-to-point). When Reagan took office, auto and light truck sales were running at an annualized rate of 11.03 million and had fallen to 9.21 million, a decline of 16.5%. Under Obama, auto and light truck sales have risen from an annualized rate of 9.59 million in January to a rate of 10.89 million in November, an increase of 13.6%.

Advantage: Obama

Finally, while people sometimes make too much of the day-to-day fluctuations in the stock market, it is a good reflection of the overall health of the economy when you look at longer time periods — and almost a year is long enough to qualify there. On that metric, there is simply no contest. Between inauguration day and Christmas Eve in 1981, the S&P 500 lost 7.65%. Since Obama took office, the S&P 500 has gained 39.9%.

Advantage: Obama

Weighing these different economic indicators is inherently subjective, and thus I am not sure that one can come to a clear-cut case that one has done a better job than the other — at least so far. This is also far from a complete list of economic indicators and I focused on only those that were available at least monthly, and many of the most important economic numbers come out quarterly.

Arguably, the economic mess that Obama inherited was worse than the one that Reagan inherited, although both were pretty nasty — yet very different. The U.S. economy is more of an oil tanker than a speedboat, and does not turn around on a dime, so it really is too early to tell how Obama is doing.

However, the indicators that are most forward-looking and leading for the economy (stock market, yield curve and quality spreads, housing starts) are the ones that favor Obama over Reagan. Overall, 11 months in, one must conclude that Obama is doing at least as good a job on the economy as Reagan did in his first 11 months.

03.5
15

Employment Equity

by como ·

It would seem as though some South African companies and industries might still be finding it difficult complying with new employment equity laws, a need for other companies is necessary for expert understanding in subjects and other legal terms of labour relations. There are many different companies available offering different levels of services to South African companies, training Human Resource departments in everything from Conditions of Employment, Discipline and Dismissal, Recruitment, Occupational injuries and diseases in the workplace, Retrenchment, OHS Act and Regulations courses and many, many other aspects relevant to the employment within the South African sector.

Your companys future in South Africa depends on your ability to successfully develop an Employment Equity action plan, and strategies to ensure that these targets are met, continuously monitored and evaluated. Labour Guide brings together people that will address key issues to help you develop and refine your plans and strategies to ensure your organisation retains its competitive advantage in the procurement process. The company aims for you to learn through effective planning how to initiate and plan EE programs to meet future personnel dynamic, build an EE strategy in line with your organizational goals and to examine and manage personnel change management issues amongst other things.

Labour Guide has all types of workshops designed to help you set up and self-administer equity plans. It is therefore incentive enough for companies to invest in the relevant courses and training for their staff responsible for working with EE compliance and other relevant industry compliance. There are also various different benefits for companies compliant with the Department of Labours various programs and requirements.

Labour Guide offers workshops and training related to different areas of employment law in South African including on how to comply with employment equity. Visit their user friendly website to explore what solutions Labour Guide offers your company.

02.22
15

Employment Outlook Bright For Hemodialysis Nursing Jobs

by como ·

As kidney disease is on the rise worldwide, especially among minority populations, the need for hemodialysis nurses is expected to grow over the next five years.

Education necessary for this specialty includes being licensed as a Registered Nurse, Licensed Vocational Nurse or Licensed Practical Nurse, then getting experience in the field at an End Stage Renal Disease (ESRD) facility.

Hemodialysis nurses are the key component for manging patient care at a dialysis center. They monitor the patient’s vital signs and consult with them about the proper treatment. They answer any questions posed by the patient and his or her family. Hemodialysis nurses are responsible for overseeing the patient’s dialysis treatment from start to finish during each visit. They ensure that patients are taking the proper physician-directed medications in the proper doses, and monitor how the patient is responding to that medication, as well as to the dialysis treatment.

Hemodialysis nurses are a vital link to keeping the patient’s physician informed about any changes in their patient’s condition, along with reviewing the patient’s lab charts and daily activities that may impact their condition. They also provide valuable follow-up should a patient receive a kidney transplant.

Some hemodialysis nurses specialize in home treatment called peritoneal dialysis (PD) and teach patients how to perform this procedure at home. Home hemodialysis nurses also monitor and administer medications and evaluate how their patient’s home peritoneal dialysis routine is progressing.

Whether working at a dialysis center or as a home hemodialysis nurse, hemodialysis nurses must be caring and compassionate individuals with excellent communication skills who are able to work one on one with patients in a sometimes hectic work environment. Dialysis patients are often depressed or discouraged or in pain and rely on their hemodialysis nurse not only for their technical wisdom but also for much needed emotional support. One benefit of working as a hemodialysis nurse is the ability to work with patients over an extended length of time which allows the practitioner to chart their progress which can be extremely satisfying.

Average annual salaries for a hemodialysis nurse is around $50,000, with higher rates for those holding the Certified Hemodialysis Nurse (CHN) credential offered by the Board of Nephrology Examiners Nursing and Technology (BONET).