From Federal Reserve Beige Book September 2014
"Software and IT services and staffing firms also report strong and/or increasing activity. Commercial and residential real estate markets are largely unchanged since the last report. While some contacts cite difficulty filling skilled positions, most responding firms are neither adding to nor subtracting from headcounts to any substantial degree. With the exception of staffing firms, respondents say wages are steady."
WASHINGTON -- U.S. companies are finding it difficult to find skilled workers in science, technology, engineering and math, and need to advertise longer to fill positions in so-called STEM fields, a study released Tuesday found.
STEM jobs that require a doctoral degree are advertised an average of 50 days, compared with 33 days for non-STEM jobs, according to the Brookings Institution. STEM jobs requiring a master's degree take an average of 21 days to fill, compared with 11 days for non-STEM jobs, while for bachelors and associates degrees the difference is five and seven days.
"Hiring difficulty is a serious problem for many employers seeking workers with STEM skills," Jonathan Rothwell, an associate fellow at the Brookings Metropolitan Policy Program, said in a statement.
Technology business owner in NY Times
"One other thing I hate doing is hiring — not the addition of the worker, which I am happy to do when we need one, but rather the whole process of placing ads, wading through the responses, interviewing and then making a decision. It’s an amazing time drain, with a high rate of failure. I’m going to need to hire soon, so I will have to concentrate on doing a better job of this."
"Reasons to change the Vermont ABC Test to match the IRS Independent Contractor Test"
Vermont Department of Labor states: :The Internal Revenue Service uses a different, less inclusive test to determine if an individual is an employee or an independent contractor. Basically, the IRS test is similar to the "A" part of the unemployment ABC Test and only looks at whether the employer provides direction and control over the services being performed. The courts have considered many facts in deciding whether a worker is an independent contractor or an employee. These relevant facts fall into three main categories; behavioral control; financial control; and relationship of the parties. It is possible to reach different conclusions on the employment status of an individual when different tests are used.
Employers should understand that the department will follow Vermont law and use the ABC Test to determine if a worker is an employee for unemployment insurance purposes, and will be liable to report wages paid to and pay taxes on those wages unless all 3-parts of the ABC test are met. This is true even if the IRS "Evidentiary Factors" Test has a different outcome.
Misclassification of employees is the single most common problem with regard to the proper reporting of individuals for unemployment insurance purposes."
"100 Top Places to Raise a Family - Burlington, VT Ranks Number 1"
Living on Lake Champlain rewards you with more than scenic views and colorful fall foliage. The schools' per-pupil spending and graduation rates rank near the top of the country, as does the percentage of the population with advanced degrees and the median family income. And, as is often the case, wealth leads to health — there's less obesity here than anywhere else in the country, possibly because the city also has the fewest fast-food restaurants per capita.
"When it comes to sourcing the right interview candidates, I've never been keen to use recruiters. But I recently changed my mind..." See More
Perfectly qualified candidates don't exist. Unfortunately, the recent recession has made hiring managers significantly more selective. Recruiters call it the purple squirrel syndrome. In the past it was enough to find a purple squirrel to fill an opening for a purple squirrel, but, because the recession made so many purple squirrels available, hiring managers now ask for a purple squirrel... with size-9 shoes... w/ white shoelaces... and seven years experience with size-9 shoes... and 4 years experience using white shoelaces... in emerging markets. We at Technical Connection are able to identify the key competencies the job seeker will need for success in a given role with an employer.
We help you tap the hidden job market:
"Many open jobs are never advertised at all, or are posted only after a leading candidate - an internal applicant or someone else with an inside track - has been identified."
Weber, Lauren, and Leslie Kwoh. "Beware the Phantom Job Listing." n.d.: n. pag. Wall Street Journal. 8 Jan. 2013.