Despite all the pink slip notices, the job market is showing signs of growth. November saw the unemployment rate drop, and 203,000 jobs added. In order to sustain momentum, more high-paying jobs are needed.
Recruiting can be challenging. So why settle for mediocre hires? Inc.com provides some great reasons why you shouldn’t settle. A cream of the crop new hire could actually help attract more new people…saving some recruiting dollars.
Thirty percent of the federal workforce is eligible for retirement by 2016; however, currently, it can take more than 80 days to fill an open position. In order to attract the millennial generation nextgov.com says technology could be the answer to the government’s problem. Social media, talent acquisition systems, automation of on-boarding capabilities – in addition to process improvements – can all help save taxpayer money and ensure less costly turnover.
Who’s Moving
Alliant Techsystems Inc (ATK)’s defense electronics system division is planning a local move with the consolidation of its five-building campus to a 120,000 square feet building in the San Fernando Valley. The move will begin the end of December and conclude in the spring. The division is in full production mode for a U.S. Navy and Italian military missile system.
Who’s Firing
Bath Iron Works (BIW), a subsidiary of Virginia-based General Dynamics Corp, plans to layoff 118 works on December 20th. The Christmas layoffs will add to the prior company layoffs, bringing the total to 200 for 2013. Since 1884, BIW has made almost 440 Navy and commercial ships.
Virginia-based DRS Technologies plans to cut about 10 percent of its Johnstown, Pa. workforce. Cuts will affect manufacturing, management, and support positions. DRS hopes a leaner organization will be a more agile organization that navigates various defense budget pressures.
Concurrent Technologies Corporation (CTC) laid off eight employees at its Johnstown, PA headquarters and fifteen employees at other various U.S. locations. CTC blames defense budget cutbacks for the layoffs.
European Aeronautic Defence & Space Co (EADS) is planning to cut 5,800 jobs through 2016. EADS’ military and space units would be the areas to absorb the hit. Post reorganization and rebranding as Airbus Group, 1,500 positions will be made available to those affected by the initial job cuts. EADS has determined that downsizing and reorganizing is the only available strategy after the BAE merge was not approved.
