Tag Archives: economic recovery

The Best of Hinton Human Capital Blog 2009

I promised my wife that Hinton Human Capital blog would have a great impact on my company and our lives. So far, we have been surprised by the amount of traffic; comments and great customers we have met. 

 As you know, economic recovery is not a speedy process but there are positive signs that things are changing. The whole premise of our articles and blog is to tell the public about jobs , certifications and licenses and job search strategy which will help position them for success. We honestly did not think there would be much interest in our topics but all of you have told us differently. Now we want to hear from you again. We want you to tell us how our articles have helped and informed you.

Here are our picks for 2009. Please give us yours.

  1.  The 7 Hottest Certfications for The 2010 Economy Recovery
  2. The 12 Certifications and Licenses You Will Need in the Green Economy
  3. 6 Things Green Company Hiring Managers Want to See on Your Resume (Green Economy Post)
  4. 9 Encouraging Things to Say to a Discouraged Jobseeker
  5. 27 Areas of Potential Job Growth in the Green Economy  
  6. Another Shade of Green: Top 5 Hot Financial Jobs in The Green Economy
  7. It’s Not Easy Being  Blue, Brown and Green

Need a resume that showcases your talents?  Not sure how to show your new green job training or degree on paper?

 Try Hinton Human Capital’s Resume Writing Services- We speak GREEN

"Success After Layoffs" With Guest Sharifah Hardie

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Navigating The Jobless Recovery: Surviving the Alphabet Storm

What does this mean?Nov282008 pics 002

It is a known fact that the economy, stock market and job market are interrelated. If you have been watching the stock market and reading the economic news, you may have heard the pundits refer to the alphabet to (Click this link to watch a video about the ABCs of Recovery) predict the shape of the recovery . Some say we will have an “V” or a “W” or a “U”. Others have forecasted an “L” or a dreaded “M”. Regardless of the letter shape the economy takes, job seekers and those who are still working need to be prepared for the precipitant changes in the job market. While I am tempted to go with a “ship in a storm theme”, I will stay on point because your career and livelihood are at stake.

Tips to Weather the Storm

  1. Take a class on budgeting and personal finance: This recession came from a collapse of the financial system and housing market. You will need to take precautions to safe guard your family’s finances for at least one year if the economy takes a turn for the worst. Your personal budget should include a savings plan where you will not need to use credit cards or borrowed money to pay daily living expenses. It is also a good idea to check your 401k and other retirement instruments to ensure they are allocated properly.

  2. Create a backup plan for your insurance needs: Most Americans get their health care and life insurance through their employers. However with the proposed changes to the insurance industry through government actions. It is a wise decision to investigate if there is a plan that will fit your family’s budget and needs if you lose your job.

  3. Write your resume and keep it updated: At this juncture, your resume is a both a marketing and a financial document. You should update your resume at least once every six months. Keep a hard copy with your important papers and an electronic copy saved in a format where any computer can read the files. If you are unemployed, you should have several versions of your resume because each job opportunity has different requirements.

  4. Become a lifelong learner: A personal professional development plan is essential to career success. You do not want to be in a situation where you have little or no transferable job skills or old experience. There are many accredited colleges who offer flexible programs for adult students.

  5. Network, Network, Network: The hidden job market is best accessed through relationships. Even in the present economy, companies are still hiring through their employees and other relationship sources. Social media networks like Linked In, Facebook and Twitter are even more important than ever. Many networking opportunities are lost because of improper etiquette. Make sure you are thoughtful in your approach. It is also a good idea to keep an ongoing list of people you meet through social events and social networks. They may be a door to financial and job opportunities.

  6. Learn a foreign language: Your next employer may not speak English as a first language and your next job may not be in the US. Arabic, Chinese, Hindi and Spanish are always in demand. This is an investment that pays dividends

  7. Get your industry certification or professional license: Certified and licensed professionals have the option of becoming well paid consultants or entrepreneurs. People in this category have a few more self employment options and are also among the first hired.

  8. Develop your other talents: There are thousands of stories of people leaving corporate America and becoming successful in a new career field or as entrepreneurs. If you have an idea for a book, movie or business now is the time to develop it.

  9. Don’t buy into all of the hype: What goes up must come down. Don’t allow the news media or “unproven friendly advice” dictate your emotions. Focus on the things that are basic and provide reliable results.

 

 

 

Job Market Update 3:Navigating the Jobless Recovery

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HINTON HUMAN CAPITAL JOB MARKET UPDATE:NAVIGATING THE “JOBLESS” RECOVERY

The week of July 13 was the turning point in the economy. Wall Street analysts and economists have declared the recession over. Their calls were based on a confluence of economic data which showed signs of growth in the coming months. Of course like all of you, we wanted to know how these declarations translate into jobs and what should a person do to jump start their job search. After further investigation, we discovered that the road to recovery will be bumpy and uncertain over the next few months. A “jobless” recovery and another economic bubble may loom in the distance. Job seekers need to keenly aware of what is happening.

THE BASIS OF THE “JOBLESS” RECOVERY

An old saying goes “Those who don’t know history are doomed to repeat it”. The current economy, like in 2001-2002 recession, is now positioned for a “jobless” recovery. Fed Chairman Ben Bernanke slid a soft warning about a “jobless” recovery into his testimony on Capitol Hill. Those who heard it were not happy. Here is what “Jobless” Recovery means in layman’s terms: a jobless recovery is a point where there is economic growth but little or no job growth. It is does not mean companies will not hire people. It means that companies will try to use technology to drive higher worker productivity and profit margins before hiring more people.

It is our recommendation that jobseekers be attentive to detail when networking because job openings will be filled in a matter of days. Employee referrals will be a primary avenue to get in the door. We also recommend that jobseekers practice and refine their networking and interviewing skills. Both, along with a strong resume, will paramount in closing the deal. Those who can close the deal and prove that they can hit the ground running will get the job.

WHO WILL GET HIRED IN THE “JOBLESS” RECOVERY

In the early stages of the upturn, retention bonuses will be paid to top performers and companies will hire people in strategic sales, marketing and product development positions to gain market share through client relationships and expertise. They will also hire at the entry level positions to maximize profits and productivity. Job growth in middle management and middle level jobs will remain sluggish because of  corporate bankruptcies and cost cutting induced layoffs. However, companies will also hire people to keep overtime to acceptable levels. The early stages of the recovery will be a bumpy ride but the specific areas of job growth will include: Accounting, Alternative Energy, Climate Change, Environmental Consulting and Civil Engineering, Construction, Healthcare, Information Technology and Insurance.

WHAT JOB SEEKERS NEED TO DO

  1. Build a list of target companies: These are companies who have the culture, opportunities and future you are looking for. Do not limit your choices to the big name companies because you will miss the strong opportunities in small businesses.

  2. Beware of “Built to Flip” companies whose sole purpose is to raise capital and sell themselves the highest bidder. Noted business author Jim Collins wrote a very article strong warning to the public about companies who are “Built to Flip”. Our take is jobseekers beware and get every promise in writing.

  3. Network with a purpose: In an “jobless” recovery job openings can be filled in hours or days depending on the availability of qualified candidates. Your relationships with people in your target companies will produce dividends if they are created properly.

A WORD OF WARNING

Once the recovery becomes more apparent, capital will flow into start up companies and ventures which have tolerable risk factors, strong growth potential and good balance sheets. However there is a chance that the spate of new “green” companies could form a new economic bubble if the “irrational exuberance” that caused the Internet and Housing bubbles takes over.