Tag Archives: Connecticut

PRITCHETT: WHAT’S UP IN CONNECTICUT?

ctBY: Philip Pritchett

According to the State of Connecticut’s Department of Labor, last year marked another positive one for Connecticut’s job market as the state gained 14,300 jobs in 2013.  This was the third straight year with an increase after having lost 119,100 jobs in the recession between 2008 and 2010.   The latest addition to Connecticut’s job market continues to inspire job seekers who have now seen over half of the jobs lost during the recession recovered.

Six of Connecticut’s nine major industry sectors experienced growth in 2013.  Private sector increases lead the way, having recovered over 62.3% job lost to the recession.  The CDOL stated that the construction industry recovered 32%, transportation and utilities – 44%, and professional and business services regained 73.2%.  While the hospitality industry has yet to fully recover, it continues to add jobs at rate higher than pre-recession levels.  Even education and health services (one of few industries to not experience loss due to the recession) continue to add jobs at high rates.

With an economy that continues to show positive growth, Connecticut’s unemployment rates are lower than most of its New England neighbors.  The state’s dedication to providing quality opportunities to its citizens has paid off as real total personal income of State residents has steadily risen in the past four years.

Based out of, “The Constitution State,” Crossroads Consulting has maintained long-term relationships with some of the best employers in the area.  They’ve been helping New Englanders find careers in their respective industries for 20 years.  With services that include resume’ preparation, interview coaching, and contract negotiation, their team of professional recruiters has what you need to successfully navigate today’s hiring processes.  For consideration on any of the opportunities Crossroads Consulting might be currently working at filling, send our resume to info@crossroadsconsulting.com, and let them help you achieve your career goals.

ST. LOUIS: MINIMUM WAGE ON THE RISE

6a00d83451b7a769e20134889fbdf3970cBY: Brian St. Louis 

It was recently announced that the US Government announced that the new minimum wage for federal employees would be increased to $10.10, up from $7.25. States like Connecticut, which are primarily under Democratic rule, have followed suit in raising their minimum wage as well. 

While on the surface, this would seem like a terrific help for those on the lower end of the wage earning scale, in the long run it may very well hurt those most who it is supposed to be, “helping” and could do further damage to an already fragile national economy. 

When smaller companies are forced to pay out more money to their employees – increase their expenses – without increasing their revenue, you put a severe burden on those companies to remain profitable – the engine that drives employment – and that has led researchers to anticipate that in an economy where small businesses are hanging on for dear life, that this extra burden will lead to a large amount of job loss be it in total employment or cut backs in hours available to workers to earn money. 

Follow this out to its logical conclusion and with workers either losing jobs or having their hours cut back, that means there’s more need for government assistance, less money in the economy, less disposable income to spend and as a result all sales will drop which leads to further economic hardship for the engine that drives the economy, small business. The drop in sales will lead to higher prices as increased costs almost always get passed onto the consumer. Those higher costs lead to inflation and that in turn starts a spiral that will just continue to drag the economy down which will directly hurt the very workers this, “plan” was supposed to help.   

The CEO of McDonald’s, Don Thompson, recently said in an interview that he supported the minimum wage hike stating that McDonald’s has always been in support of paying its employees above the minimum wage, which he feels is too low already. 

At one point, Thompson was asked how McDonald’s would fare financially with the upcoming wage hike, McDonald’s will be fine,” he said. “We’ll manage through whatever the additional cost implications are.” 

The truth is that McDonald’s will be fine. They will raise their costs for a burger and fries and people will continue to buy them. The other reason McDonald’s will be fine is they have the financial resources to withstand the added costs. In fact, if as Thompson indicates, they’re already paying that, then they just won’t increase their employee’s wages and will just keep on going. 

But for smaller companies, they are often not equipped to handle such a sudden increase in expenses. It’s speculated that because of the minimum wage increase, hundreds of small businesses will be forced out of business altogether or at the very least, suffer very severely financially.  

As executive recruiters, Crossroad Consulting is following this situation closely. Crossroads Consulting’s owner, Mitch Beck said, “We support our candidates getting the best possible positions at the best possible wages. We also monitor these kinds of things closely as the vast majority of our client companies are small and mid-sized companies and this kind of thing will hurt them and that concerns us as well. Our clients have told us that while this will hurt them, they are not anticipating any great losses to any of the kinds of positions they would be going out to us for. So that’s at least good news in that regard.”

If you are looking for new employment, Crossroads Consulting has over 50 job opportunities available on their website which you can find by clicking HERE. Be sure to also take a look at their resume evaluation service as well.

THINGS AIN’T SO BRIGHT AND RICH IN CONNECTICUT

BY: Adam Gavriel

A report released recently by The Connecticut Policy Institute shows exactly what Connecticut residents have been feeling recently is indeed a fact – gloomy days are here.

The latest data shows that Connecticut job growth has been lagging behind not only the nation, but also the northeast.

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From the report:

“The department’s survey of employers indicates three consecutive months of job losses, almost entirely erasing the 10,000-job gain posted in July. Over the summer state officials and other observers celebrated that gain with much fanfare, but as the CPI hypothesized  at the time it appears to have largely been a statistical anomaly. As the charts above and below show, the employer survey’s longer-term trajectory remains one of slow growth, lagging both the country as a whole and most of Connecticut’s northeast neighbors”

Further details show that out of the 9 northeastern states surveyed, Connecticut ranks 7th in both Nonfarm Employment and Residents Employed with growth of 0.6 percent and decline of 0.5 percent respectively.

Despite the uptick in employment for September and October, the household survey continues to show net losses over the year, and Connecticut lagging behind the rest of the nation.

According to CNN Money, Connecticut’s state 8.1 percent unemployment ranks 37th in the United States.

As an employment firm based in Connecticut, we here at Crossroads Consulting do not take too kindly to these numbers. They reflect on us, and on Connecticut as a whole as neighbors, friends, and connections. We know we need to work together to dig out of the hole that the nation was put into with the Great Recession.

With nearly 50 job openings,, many in Connecticut, we hope to make these numbers tick in Connecticut’s favor, and get Connecticut back to where it deserves to be. Let us reach out a helping hand with our recommended resume and interview preparation services.

Remember, we’re here at Crossroads Consulting to put the ‘human’ back into ‘human resources’

 

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CT…NOT OPEN FOR BUSINESS?

BY: Adam Gavriel

When you think about the government of the United States, what’s the first thing that comes to mind?

Democracy. George Washington. Founding Fathers. Leaders who would do anything to get the job done, by the people and for the people.

Is that what we get today?

According to a report from the Connecticut Business and Industry Association, the Connecticut government has come up with numerous workplace measures that will make it harder for the businessman in CT. Most importantly is the raise of mandatory wages, unemployment benefits, and steeper administrative hurdles.

First, workers compensation changes:

HB 6556 will allow employees to make new “sick building” illness claims, and make it harder for employers to challenge them.

SB 823 will allow employees to pursue workers’ compensation claims for psychological injuries.

SB 907 will create a paperwork nightmare for employers to challenge workers’ compensation claims, while SB 1074 will, with some modifications, stop medical claims and expenses from going through the roof for employers.

This all sounds great for employees, but if employer’s costs spike, hiring will plummet.

On to Unemployment Compensation:

The labor committee approved SB 188 which will allow teachers to collect benefits while pursuing further education, instead of being “available for work” or “actively looking for a new job” the two key features in being available for unemployment benefits.

SB 909 will penalize the false unemployment claims of individuals, but punish employers in a case where the Department of Labor paid out and the affected businesses did not participate in the claims procedure.

As we know, if you keep up with the blog, that Small Businesses drive the economy, well, here’s one from Connecticut… HB 6451 will penalize employers if they fail to register with the Department of Labor with unemployment compensation within 30 days of starting or acquiring a business. The committee would also approve a 10% to 15% penalty for employers if they willfully fail to declare wage payments on quarterly reports.

Again, more and more costs for managers and employers.

How about Wages and Benefits? 

With a minimum wage hike in SB 387, many economists believe this will reduce entry-level jobs, and a standard wage bill (HB 5756) that will discourage companies from doing business with the state.

SB 906 will make the process for direct deposit for employees have to go through loopholes, requiring more training and or the hiring of another employee.

What most of these new bills have in common is that they will severely raise costs for Connecticut employers. Though the minds of politicians seems to be in the correct place, the practices are not following suit. It is understandable that politicians would want to increase the wages of their workers, but it is the employers who will suffer immediately, and then in turn the employees who will take the ultimate hit.

This is specifically the case with SB 387, which many believe will ultimately destroy the entry-level opportunities that are needed for college and high school graduates. A recent report from Yahoo! News cited that 40% of college graduates are unemployed or underemployed, having difficulties finding the correct entry-level job that can provide the training necessary to build a career. If managers have to pay higher wages for entry-level workers than they already have to, they’re going to be very picky about the talent that they choose. This of course will call for a huge increase in underemployed and unemployed college graduates.

As a small business directly affected by these measures, at Crossroads Consulting we will continue to make sure that we do what ever it takes to get you into one of our over 50 open positions.

As we try to put the ‘human’ back into ‘human resources,’ we hope the government remembers that they operate ‘for the people.’

CREATING JOBS? NOT IN CT THEY AREN’T

BY: Adam Gavriel

While the American economy continues to recover slowly, the Connecticut economy has had trouble falling suit. As numbers from the beginning of the year begin to be broken down more fully, Connecticut has fallen off the National pace.

According to a report from the Connecticut Business and Industry Association, the Connecticut department of labor announced that CT had lost 5,700 jobs in February. This news is even more heartbreaking considering Connecticut had ADDED 6400 jobs in January.

This would cause the CT Unemployment rate to rise to 8% off the national average which now stands at 7.6%

Economist Pete Giola called the report “disappointing.”

“It’s very disappointing – we really have a very negative report here,” Giola said. “It points to the real need for policymakers to do everything they can to help businesses grow jobs here.” 

Over the past 12 months, Connecticut has added just 2400 jobs, while recovering only 40% of the 121,000 jobs lost during the peak years of this recession.

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Only government positions (900) and manufacturing (400) added jobs in CT in February. Professional and business services dropped 2400 jobs, Education and health lost 2300, financial activities (700), leisure and hospitality (500), trade, transportation, and utilities (300), information (100), and construction (100), all lost jobs.

So where are the jobs in CT you might ask? Danbury and Norwich-New London were the only locations to add jobs, adding 300 and 100 jobs respectively.

Hartford took the biggest hit losing 2500 positions, followed by Bridgeport-Stamford-Norwalk, 2400,  New Haven lost 1700 and Waterbury would lose 300.

As the nation recovers at a tortoise’s pace, it is time for CT to follow suit.

If you’re looking for jobs in the CT area, look no further than to us at Crossroads Consulting. As a small business based in CT, we are appalled at what is happening in our own backyards and neighborhoods. Since it is our job to get YOU working again, please come to our website today and browse our job openings. If you’re not confident in your resume, we can help you there too with our recommended resume service.

If you’re in Connecticut and struggling, we want to hear from you TODAY. Remember, Crossroads Consulting is here to put the ‘human’ back into ‘human resources.’

ECONOMY, ECONOMY, ECONOMY

BY: Adam Gavriel

October continues to be a slow but promising month for the United States economy. Reports from Bloomberg.com today are showing that the number of Americans filing first-time applications for unemployment fell last week by 23,000. This figure returns the statistic to a level that shows the labor market is continuing to make progress in the year’s third-quarter. Though progress may be a bit of a stretch however, as the market continues to grow albeit at a slower pace than everyone would prefer.

Kevin Cummins, an economist at UBS Securites LLC in Connecticut had this to say about the report, “There is no pickup, nor any further deceleration. Employment growth is moving along at a pretty disappointing pace.” Continue reading

IN A WESTERN MOOD

BY: Adam Gavriel

Back in July on the blog we posted this picture (see below) that showed how many job postings there were in a certain area per 1000 people. As you can see, the bigger the red circle, the more jobs there were. These figures represented the month of June in those areas.

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Today’s blog will make note of one of the biggest circles on the map, California, specifically San Diego.

In a report at the Voice of San Diego the online periodical reported that in an economy that continues to falter San Diego’s job trend continues upward from its decline in 2009. Between September 2010 and September 2011 San Diego’s employment shot up 1.4% while the countries unemployment rate went from 9.6% to ~9.1% and California’s unemployment rate went from 12.5% to ~12.1% showing that San Diego’s specific unemployment has been steadier than the Nation’s. As economic experts continue to forecast that the recession we are in will last steadily affecting unemployment, San Diego continues to try and dig itself out of the hole the nation finds itself in.

Conversely like the rest of the nation from 2007 to 2009 San Diego experienced a huge drop in employment numbers, however the recent upward trend remains strong and optimism to get back to a good level is in full effect out west.

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Although a Connecticut based firm, Crossroads Consulting has current openings all over the nation. Not ready to apply for a job? Let us take a look at your resumefor you. We offer all the services you can think of for the job market and are ready to help as we continue to put the “human” back into human resources.

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