We all know the job market isn't good. Despite any numbers to the contrary, we are pretty sure we'll see 10% unemployment very soon and all of us know at least one person who is currently out of a job. I know of almost 20 people who have been laid off. It's not pretty out there.
The Wall Street Journal says that it will be years before lost jobs return. And some may never return. 7.2 million jobs have just disappeared since December 2007 and there will be many Americans left standing on the sidelines once their unemployment runs out. Sad times.
The New York Times tells the story of a pair of identical twins who are living in New York City, 17 months out of college and are looking for a job--any job at all. There story isn't unlike others that I've heard from peers who are only a few years out of college; the jobs just aren't there.
Lastly, also from The Wall Street Journal, an article about law-firm hires whose first task is finding an interim job. I know some people who have been fortunate enough to receive an offer from a law firm only to have that offer deferred. Banks have also been doing this, much to the chagrin of recent college (and graduate school) graduates. With the tough hiring environment, a deferred job is better for some than no job at all.
Senin, 12 Oktober 2009
Kamis, 08 Oktober 2009
H-1B, ARRA, and TARP
I was forwarded a job description for a position at Capital One by someone I know. They didn't want to know anything about the job or my advice on taking it or anything to that effect; they wanted to know what this note meant at the bottom of the posting:
This makes sense in practice (with all the taxpayer money going to the banks, you want them to hire US tax-paying citizens), but I was surprised (probably wrongly so) to hear it was being done in this manner, with disclosures like that in postings.
Here are some more details on this from U.S. Citizen and Immigration Services.
As a recipient of TARP funding and under ARRA regulations, Capital One will not sponsor new H-1B petitions or transfer existing H1B Visas.I was curious myself. So I did some research. The Washington D.C. Employment Law Update laid it out in March:
The United States Citizenship and Immigration Services (USCIS) announced that employers receiving funds through the Troubled Asset Relief Program (TARP) or under section 13 of the Federal Reserve Act (covered funds) must meet additional requirements before hiring foreign nationals to work in the H-1B specialty occupation category.And if you still want to hire that person, you need to answer some more questions that basically guarantee the government that you didn't displace a US worker for this job.These new requirements were established by the Employ American Workers Act (EAWA), a component of the American Recovery and Reinvestment Act (ARRA) – otherwise known as the stimulus package – signed into law on February 17, 2009. Under EAWA, companies receiving covered funds must guarantee that they will not displace citizen employees
This makes sense in practice (with all the taxpayer money going to the banks, you want them to hire US tax-paying citizens), but I was surprised (probably wrongly so) to hear it was being done in this manner, with disclosures like that in postings.
Here are some more details on this from U.S. Citizen and Immigration Services.
Selasa, 06 Oktober 2009
Astronology - Win At Selling Your Value
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