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The New Corporate Recruitment Pool: Workers In Dead-End Jobs (msn.com)
New submitter cdreimer writes: According a report from The Wall Street Journal (Warning: source may be paywalled, alternative source), corporations looking to hire new employees are opening offices in cities with high concentration of workers in dead-end jobs who are reluctant to locate but are cheaper to hire than competing locally in tight labor markets. From the report: "Pressed for workers, a New Jersey-based software company went hunting for a U.S. city with a surplus of talented employees stuck in dead-end jobs. Brian Brown, chief operating officer at AvePoint, Inc., struck gold in Richmond. Despite the city's low unemployment rate, the company had no trouble filling 70 jobs there, some at 20% below what it paid in New Jersey. New hires, meanwhile, got more interesting work and healthy raises. Irvine, Calif.-based mortgage lender Network Capital Funding Corp. opened an office in Miami to scoop up an attractive subset of college graduates -- those who settled for tolerable jobs in exchange for living in a city they loved. 'They were not in real careers,' said Tri Nguyen, Network Capital chief executive. He now plans a similar expansion in Philadelphia. Americans have traditionally moved to find jobs. But with a growing reluctance by workers to relocate, some companies have decided to move closer to potential hires. Firms are expanding to cities with a bounty of underemployed, retrieving men and women from freelance gigs, manual labor and part-time jobs with duties that, one worker said, required only a heartbeat to perform. With the national jobless rate near a 16-year low, these pockets of underemployment are a wellspring for companies that recognize most new hires already have jobs but can be poached with better pay and room for advancement. That's preferable to competing for higher-priced workers at home in a tight labor market."
I negotiated three weeks off per year, non-contiguous. Then as soon as I turned 30, I was laid off permanently, and never worked again. I miss food.
I work in a country that protects the rights of its workers. I have 20 weeks holiday as standard. My employer gives me an additional 5 as part of my salary package, I can purchase another 5 by sacrificing my salary and there are 8 bank holidays (public holidays). I'm 35 and still gainfully employed, many of my colleagues are even older. I also earn more than my US colleagues.
I also miss food, but that's because I live in England and the closest place for a decent meal is across the channel.
Calling someone a "hater" only means you can not rationally rebut their argument.
I negotiated three weeks off per year, non-contiguous. Then as soon as I turned 30, I was laid off permanently, and never worked again. I miss food.
I work in a country that protects the rights of its workers. I have 20 days holiday as standard. My employer gives me an additional 5 as part of my salary package, I can purchase another 5 by sacrificing my salary and there are 8 bank holidays (public holidays). I'm 35 and still gainfully employed, many of my colleagues are even older. I also earn more than my US colleagues. I also miss food, but that's because I live in England and the closest place for a decent meal is across the channel.
Sigh, that's meant to be 20 days (4 working weeks).
Calling someone a "hater" only means you can not rationally rebut their argument.