Unemployment Rate by Degrees

September 15, 2011
Seal of the United States Census Bureau. The b...

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Unemployment rate Education attained Median weekly earnings
in 2010 (Percent) in 2010 (Dollars)

1.9% Doctoral degree $1,550
2.4 Professional degree 1,610
4.0 Master’s degree 1,272
5.4 Bachelor’s degree 1,038
7.0 Associate degree 767
9.2 Some college, no degree 712
10.3 High-school graduate 626
14.9 Less than a high school diploma 444

8.2 All Workers 782

Note: Data are 2010 annual averages for persons age 25 and over. Earnings are for full-time wage and salary workers.

Source: Bureau of Labor Statistics, Current Population Survey.

BLS has some data on the employment status of the civilian noninstitutional population 25 years and over
by educational attainment, sex, race, and Hispanic origin online.

The Bureau of the Census also has some data on the educational attainment online.


Step 2 of 4: High Performance Teams

August 24, 2011

Be extremely selective with who you hire.

Have you ever interviewed someone for a job who said they weren’t a hard worker, had tremendous integrity, or wasn’t honest? Of course not. Did you validate their resume during the interview? Did you ask your favorite interview questions? You know, the questions you like to ask because your gut instincts can pick a winner every time? Amazingly this is the kind of “selection process” many organizations use to make $100,000+ decisions!

To become a high performance company or to build a high performance team, ‘selection’ is where you invest your time and money. Hiring the wrong person today is too costly in dollars, time, profitability, and competitive edge. Identifying the right person is the key — and that might not be evident from their resume or their interviewing skills. High performance organizations, Strategic Employers, know that selecting the right personis a structured and rigorous process. Using a structured selection process takes a bit longer, but it pays for itself in the long-term.

A simple, structured selection process might look like this:

  1. Create a Performance Profile of the job
  2. Develop a interview guide for everyone on the interview team
  3. Determine if outside selection tools are appropriate
  4. Structure an interview process
  5. Partner with a niche search firm
  6. Interview candidates using the interview guides
  7. Interview team meets to discuss candidates
  8. Top 3 candidates are ranked in order of priority
  9. Offer is made to highest ranked candidate

There is more detail involved with each step, but you get the picture. The key is to know what you are selecting for in advance — and it is not the job description “requirements”!

Implement a simple, but disciplined, selection process today and you’ll see a ROI through retention and increase productivity.


Would they say they are appreicated?

July 5, 2011
HMP employees

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Each week I get the opportunity to talk with 30 to 40 health care professionals about their career goals and job transitions. These people are incredibly talented, resourceful, competent, skilled, and capable. Over the past couple of years I’ve started to see a predominately emerging characteristic about what they are looking for in a their next career move. Many employers think it is more money. While money is always important it rarely ranks at the top of their lists. What seems to rank the highest these days is “appreciation”. They want to know that a company values them as an individual and values their contribution.

Appreciating employees is a one of the best investments a company can make. It builds loyalty, it is relatively inexpensive, and the boost in productivity can be dramatic. I’ve included a link to the list of this year’s ‘Best Companies to Work For’. All of them have a common theme of showing employees how much they are appreciated. Here are five unique and low cost ways any business can show appreciation:

1) Offer employees a monthly, 15 minute chair massage on site
2) Discount health insurance when employees engage in wellness activities
3) Bring in ice cream sundaes on the first day of Summer
4) A Day off if certain productivity goals are met
5) Recognition or time-off when employees serve in community or charity activities

Every business can be creative and find ways to show appreciation. The best place to start is to ask employees what they want. Employees will feel more appreciated if you are giving them something that they really desire.

100 Best Companies to Work For


Google Buys Companies for Their Top Talent

December 2, 2010

Did you know that Google often acquires companies based upon what their talent is going to do in the future?

Google recognizes that the real differentiating factors in today’s economy are the people who make up a company.  Megan Smith, Google’s vice president of new business development, says “…Be open to growing your company, both through hiring top talent as well as acquiring top talent. That is what we have come to find for our own company.”

This is a lesson for any organization.  Top Talent is the key to maintaining and increasing profitability and competitive edge.  It is also getting harder to find top talent.  A Strategic Employer understands this business reality and plans for it.

Click here to read the article


Does Your Company Culture Attract Top Talent (Part 2)?

December 1, 2010

Today I’m contining the second and final post in my series about Company Culture. In an AMA study it was revealed that 70% of change initiatives fail because your culture rejects them! That one statistic is enough for anyone to realize the importance of this topic. 

If you want to gauge the culture of your organization and your effectiveness as a leader, you should read Break all the Rules by Marcus Buckingham and survey your employees with these questions:

  1. Do I know what is expected of me at work?
  2. Do I have the materials and equipment I need to do my work right?
  3. At work, do I have the opportunity to do what I do best everyday?
  4. In the last seven days, have I received recognition or praise for doing good work?
  5. Does my supervisor or someone at work seem to care about me as a person?
  6. Is there someone at work who encourages my development?
  7. At work, do my opinions seem to count?
  8. Does the mission/purpose of my company make me feel my job is important?
  9. Are my co-workers committed to doing quality work?
  10. Do I have a best friend at work?
  11. In the last six months, has someone at work talked to me about my progress?
  12. This last year, have I had the opportunity at work to learn and grow?

Follow the three C’s of hiring…Character – Compatibility – Competence. You need to hire individuals who will align with your culture and core values as a company. When you build a dynamic team, top talent is drawn in by your team members, referrals dramatically increase and you become a preferred employer.   Positive word of mouth advertising in the job market is priceless.

Imagine what you could do with the survey results to improve employee morale and retention? Most employees complain that are not in the loop. In fact, most of them don’t even know how to find the loop! Right now when things are turbulent, your employees don’t want you fixing the motor, they want you steering the ship and they want to know where the ship is headed, and they want their role defined!

If you want to attract top talent, discard your policies and procedures and replace them with expectations. Let your employees know what they can expect from you and be clear about what you expect from them. Give them the ability to make a difference and feel that they play an important role in your organization. 

If you follow some of the suggestions in this program you will retain your superstars, attract top talent to your organization, communicate more effectively and improve company morale and of course improve retention.


Does Your Company Culture Attract Top Talent (Part 1)?

November 30, 2010

Why are some companies known as great places to work and others are known as places to avoid?  Some of it has to do with the company’s industry and some of it has to do with senior leadership’s personality extension.  The great companies, those that attract the top talent, all have something in common; they have created a corporate culture that draws the best people to them.   Companies don’t have to be large multi-national organizations to create a great culture.  Following these simple tips will build a culture that attracts high performance employees.

 Start by asking these basic questions:

  • How would you define your company culture? 
  • What are your core values? 
  • What does your company truly represent? 

Your Company Culture is your company’s “way of life.” It is your DNA, it’s what makes you unique. A strong, positive company culture can become a magnet for Top Talent. When an employee goes to work for Zappos, an online shoe and clothing store, they are trained on the company culture and core values for five weeks! It’s no surprise they are one of Fortune’s Top 100 companies to work for and have a 99% retention rate! Who does that?

Here are four quick steps to building a dynamic, talent attracting culture:

  1. Know your culture – senior leadership often has no idea how employees define their company’s culture.  Take time to find out or have an outside source interview employees to define it for you.
  2. Hire tough – Manage easy – the people who make up a company have the most impact on culture.  Leadership has to have a system that makes hiring an effective process.
  3. Communicate – don’t leave employees in the dark.  Frequent, but appropriate, communication about company objectives, performance, results, etc… is highly desired by employees.
  4. Rethink outside the box – don’t let status quo rule your organization.

As you think about  the next quarter, choose one of these steps to increase the attractiveness of your company culture.  Tomorrow I’ll add part two; questions to ask employees about company culture.


Role Analysis: Another Perspective

November 24, 2010

Click on the link below for an excellent overview of Role Analysis.  If there were only one, high impact strategic move employers could make, Role Analysis would be the one.  This is the point at which employee engagement, productivity, and retention starts.  It is amazing how many companies don’t take advantage of this simple step.

Click here for the article


Grateful People Are Happier, Healthier

November 23, 2010

I wanted to share this story from today’s Wall Street Journal.  It is important to employers for several reasons.  First, happier, healthier employees are infinitely more productive than those who are not.  Strategic employers promote environments that encourage happier and healthier lifestyles.  This also increases the positive response to their employment brand and attracts star performers.

Secondly, Strategic Employers do a lot for their employees.  They also find creative ways to let them know.  It is not a one – way street.   When you’ve attracted top talent and matched them with jobs they were made to do, they are very grateful for the opportunity.  Show your key contributors that you are grateful for their commitment and service.  Show them what you are doing to them fulfill their dreams.  Their gratitude will return to your organization many times over in the form of increased profits!

Here’s the article: http://online.wsj.com/article/SB10001424052748704243904575630541486290052.html?KEYWORDS=thanksgiving


The New Normal: Doing More with Less

November 19, 2010

Even the government recognizes this business reality!
The accompanying link is the text of remarks Education Secretary Arne Duncan recently made to the American Enterprise Institute.  While these remarks primarily focus on improvements needed in our education system, not how Duncan specifically addresses the business world graduates are entering.
What does this mean for businesses?  It means businesses have to attract and retain high impact performers.  They need people who have the ability to get results in difficult times.  Unfortunately the methods most businesses use to find these key contributors actually repel them!  Corporate leaders have to adopt a new talent management paradigm – a strategy the attracts the best and keeps them.
Click on the American Enterprise Institute link to find the article.


Score Goals With ‘A’ Players

November 18, 2010

This past weekend my son and I traveled to New Hampshire for a college lacrosse recruiting showcase.  High school lacrosse players from around the country gathered to show their stuff to some forty college lacrosse coaches.  The stakes don’t get much higher for a high school player.  Scholarships and bragging rights are all on the line.  This is the big game and they have to “bring it”.

My son played on a team composed of many different high schools.  Not only had his team never played together, they had never met each other until twenty minutes before the first game.  Yet once the whistle blew you would have thought they had grown up with each other.  It was exciting and amazing to watch each player move to their usual position.  They instinctively knew what the other players were going to do.  Within the first few minutes of the game the ball moved down the field and their first goal was scored.  They went on to win. 

This happened because they were all ‘A’ players.  Although they had never met, never played together, never practiced as a unit, they were successful.  ‘A’ players just know what they have to do to achieve their objective.  They have a passion for their role on the team and they are perfectly matched for the job they must do.  When this combination exists it becomes a winning formula.

Businesses can use this same formula as well.  Put an ‘A’ level employee in the role he or she was made to fill and get out of their way.  Productivity and bottom line results will soar if this idea becomes a strategic focus. Sadly almost 50% of workers in the US are in the wrong job.  Most a ‘C’ players who were placed in ‘A’ player jobs our out of expediency or through ineffective hiring processes. 

Employee productivity, effectiveness, and bottom line impact is more important now than ever before.  Businesses have to learn to do more with less. Over the next 15 years the labor force will start to contract and the “war for talent” will rage once again.  With fewer people to choose from, businesses must be more strategic in how the attract, hire, and retain key contributors.  Not doing so means eroded profitability and the dulling of your competitive edge.  It is just too expensive to put ‘C’ or ‘B’ level players in key contributor roles.

The first place to start is redefining how a business attracts these ‘A’ level employees.  If your recruiting plan is to cut and paste a job description into an online job board then you’ve already lost the game.  These people don’t respond to online job ads, especially the dull and uninspiring ads most companies post.   You have to learn what makes an ‘A’ player tick, find out where they gather and who they associate with, and communicate your job as being tailor made for them.  These employees are looking for new challenges, they want to learn new things, and they want an environment that allows them to grow and excel. 

Do you want winning players on your team?  Then start by identifying what that player looks like and start attracting them to your organization.  If you make this a strategic part of your business plan you’ll start scoring goals a lot earlier in your game.


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