Conference Board’s Employment Trends Index increases
Posted on July 7th, 2014 Read time: 2 minutes
The Conference Board's Employment Trends Index increased in June. It reads119.62 points, which is an increase from 119.03 points in May. This is a 6.3 percent gain year over year.
The percentage of firms with positions they were unable to fill rose. Additionally, Real manufacturing and trade sales have risen, along with industrial production. The number of temps has gone up. The percentage of respondents who report difficulty finding jobs has gone down, and the number of job openings has risen.The ratio of involuntary part-timers to all part-timers has improved.
Gad Levanon, director of macroeconomic research at The Conference Board, believes this increase in the index suggests job growth will continue through the third quarter. He also called upon workers to increase their productivity.
Reaction against some H-1B staffing firms
Companies seeking to hire temporary workers to fill the gaps in their rosters should be selective about which employer of record they choose to hire. There has been a recent reaction against H-1B temporary workers, according to The Associated Press. It wrote disgruntled workers have recently sued temp services company Infosys Ltd., which hires H1-B workers from India to do part-time labor for less money than would be paid to a full-time worker or even a temporary worker who is a U.S. citizen. This is illegal, as companies must pay the prevailing wage to their H-1B workers. Additionally, they must be able to prove they looked for U.S. workers and couldn't find any to fill their job spots.
"It's getting pretty frustrating when you can't compete on salary for a skilled job," said Rich Hajinlian, a veteran computer programmer. "You hear references all the time that these big companies … can't find skilled workers. I am a skilled worker."
The best way to avoid this is for companies to follow the rules and make sure they only hire from reputable firms.
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Posted on July 7th, 2014 Read time: 2 minutes
The Conference Board's Employment Trends Index increased in June. It reads119.62 points, which is an increase from 119.03 points in May. This is a 6.3 percent gain year over year.
The percentage of firms with positions they were unable to fill rose. Additionally, Real manufacturing and trade sales have risen, along with industrial production. The number of temps has gone up. The percentage of respondents who report difficulty finding jobs has gone down, and the number of job openings has risen.The ratio of involuntary part-timers to all part-timers has improved.
Gad Levanon, director of macroeconomic research at The Conference Board, believes this increase in the index suggests job growth will continue through the third quarter. He also called upon workers to increase their productivity.
Reaction against some H-1B staffing firms
Companies seeking to hire temporary workers to fill the gaps in their rosters should be selective about which employer of record they choose to hire. There has been a recent reaction against H-1B temporary workers, according to The Associated Press. It wrote disgruntled workers have recently sued temp services company Infosys Ltd., which hires H1-B workers from India to do part-time labor for less money than would be paid to a full-time worker or even a temporary worker who is a U.S. citizen. This is illegal, as companies must pay the prevailing wage to their H-1B workers. Additionally, they must be able to prove they looked for U.S. workers and couldn't find any to fill their job spots.
"It's getting pretty frustrating when you can't compete on salary for a skilled job," said Rich Hajinlian, a veteran computer programmer. "You hear references all the time that these big companies … can't find skilled workers. I am a skilled worker."
The best way to avoid this is for companies to follow the rules and make sure they only hire from reputable firms.
