Recent Hiring and Compensation Trends

Evidence of labor market tightening is seen in declining unemployment rates, rising vacancy durations and less job applicants: February unemployment was at the lowest rate since May 2008 and also declined to 5.5 percent from 5.7 percent in the previous month.1 Economists expect a jobless rate of below 5% by year’s end. 2 The average number of work days from time of vacancy until a job offer is made has increased to 25.7 working days, an increase of 3.5 days from last January. However, more specialized sectors, such as the information sector...

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When to Hire a Pharma Market Research Contractor

The USA Today recently ran an article entitled, “Temporary Jobs Becoming a Permanent Fixture” with the following astounding figures: • About 12% of all U.S. workers have temporary/contract/freelance jobs • The number of temp workers jumped 50% since the recession ended four years ago • 75% of economists the Associated Press surveyed said the rise in temp jobs is a longstanding trend It can be assumed that the market uncertainty felt by many companies has led them to shy away from longer term permanent employee commitments and...

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The Acronym Inner Circle

We’ve all been there. We’ve gone into our first meeting in our new job at a new company and sat there nodding our heads in agreement with the speaker, only to walk out of the meeting thinking, “What the heck was that all about?” There was something about the SOPs of filling in the BSCs in order to complete the MICPs by the end of the year. Did anyone think to provide new employees with a handbook of company frequently used acronyms? Of course they didn’t and for good reason. It’s an earned rite of passage to emerge into the league...

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