Nine Reasons Why Americans Stay At Their Jobs!! | SKS Technologies

The unemployment rate of U.S. is still increasing day by day. According to Bureau of Labor Statistics Commissioner John Galvinun said that employment rate was essentially unchanged from June to July.

What’s the reason if person continue working for their employer? There would be some reason behind that. Is it for higher pay issues? Having lot of benefits? A lack of job available for them or can’t get better options rather than other companies? Those are obvious answers for this question. Especially it is for given today’s unemployment numbers and slow economy. 

But from the above, they’re not the correct ones. The top reasons that Americans not leaving their current job are”I enjoy the work I do” and it “fits well with the other areas of my life.”

It is a result of conducting new survey done by the American Psychological Association. It takes some factor in account, which contains a number of revealing insights into employee motivation & interest to corporate managers and governmental policy makers.

The APA conducted a “Workforce Retention Survey”, done by Harris Interactive in early August. They target 1,240 full- and part-time workers, age 18 or older employee. They were asked to evaluate nine common reasons for staying with a current job.

Here are nine common reasons on how their answers ranked through 1,240 respondents. It is given below: 

• 67% respondents say that Job fits well with the other areas of life.
• 67% respondents say that enjoy the work.
• 59 % respondents say about payment.
• 60% respondents say about benefits.
• 56 % respondents say that they feel connected to the organization.
• 51 % respondents say about their co-workers.
• 51 % respondents say that job gives the opportunity to make a difference.
• 40 % respondents say about their manager. 
• 39% respondents say that there aren’t any other job opportunities for them. 

You find some Survey result which can tell you some stats. But as much as anything, most employed Americans feel confident enough about their current work situation, get benefit from jobs as much as and sometimes get financial rewards rather than other employment. 
It would be a particular interest to Mitt Romney’s & Obama’s presidential campaign. They have to change their economy also. Voters, especially unemployed voters, definitely worry about job creation and GDP growth. And perhaps not the extent that the Republicans & the democrats seem to believe.

Most of the U.S. people want being happy and enjoying their lives peacefully with their work lives. Experienced workers more than 55 are (80% of whom rank enjoying their work highest among reasons given) getting more benefits than those 18 to 34 (58% of whom enjoying their work). It’s true for female workers perspective.

There are other reasons that Romney's difficulties connecting to women voters, in those female respondents were frequently more likely than men to cite non-financial factors as major reasons for staying on the job. You might be clear with this example, 72% of women respondents cited the work-life fit where 62% of men fit like that. Similarly, 59% of women respondents cited a connection to the organization for which they worked where vs. 53% of men worked like that.

Men and women, in general, respond differently the reasons for switching their jobs. 55% of women respondents cited their co-workers as a major reason for not taking another job where 48% of men like that. Around 46% of all women say their boss is a big reason why they don’t quit their job where one in three 34% of men like that.

Obama’s presidential campaign seems to be a connection between reasons for not having left a job and the intent to stay. Most of the employees’ reported that they intent to stay their job and reported intent to leave have consistently proven their job that how strongly correlated to what they actually end up doing. 

You would be clear if you notice above survey’s top-line result, work-life balance and enjoyment have the strongest correlation with their expectations. It is the biggest drivers of employees planning to stay in their jobs the longest time of periods, which they enjoy their work and the degree to which their job fits with the rest of their live. 

The third-strongest correlation was that neither pays nor benefits also, rather than connection to the organization. Most of the HR worries about employee retention, because it is clear that one way to keep best people from jumping overboard is to make them feel more connected to the ship.

Compensation policy is obviously an important factor to any country’s economic growth. Few people will tell that they wouldn’t want more money to spend. When you ask someone about their economic motivations and concerns from a different perspective, they answer like that Americans place a very high value on something you don’t hear a lot about us. There is no wondering that so many of us like working with each other.

Economy generates 163K jobs in sign of resilience - SKS Technologies

The U.S. economy generates the number of jobs last month which is the fastest pace since February, a sign is strong enough to pull out of a midyear slump & grow modestly even as the rest of the world slows down.

The 163,000 jobs employees added in July ended with three months of hiring. But the surprising gains weren't enough to reduce the unemployment rate which moved up from 8.2 to 8.3 percent at May to June, the 42nd straight month the jobless rate has exceeded more than 8 percent. The United States remains immoveable with the weakest economic recovery since World War II.

The latest number of jobs, released Friday by the Labor Department, provided fodder both for President Barack Obama, who highlighted improved hiring in the private sector, & Republican challenger Mitt Romney, who pointed toward higher unemployment.

According to chief economist Scott Brown at the investment firm, Raymond James said, “It’s not especially weak, but it's not especially strong situation.”Investors now focused on the positive. And the Dow Jones industrial surged to 217 points.

Three more monthly jobs reports will be published before Election Day, including the one for October on Friday, November 2, just four days before Americans vote.

No modern president has faced re-election when unemployment rate more than 8 percent since the Second World War. President Jimmy Carter was bounced from his office in November 1980 when unemployment rate was not more than 7.5 percent.

In remarks of the White House, Obama said the private sector has added 4.5 million jobs in last 29 months. He also said, “There are still too many people who are out of work. We've got more work to do on their behalf.” 

Romney focused on the increase in the unemployment rate, as same as did other Republicans. He said in a statement, "Middle-class Americans deserve better development, and I believe America can do it better.” 

The U.S. economy is still struggling more than three years after the Great Recession which officially ended in June 2009. Then the collapse of the housing market & the financial crisis that followed froze credit, which destroyed trillions of dollars in household wealth and brought home construction to a termination. Consumer spending, which accounts for 70 percent of economic output as well, remains weak as Americans pay down debts and save more.

From April to June this year, the economy expanded 1.5 percent of its annual pace, where January-March its pace was 2 percent.

From the beginning of 2012 the job market was strong & employers added on an average 226,000 a month from January through March.

The payback showed up as weak hiring on an average 73,000 a month from April through June. The reason was that an unseasonably warm winter that allowed construction companies and other firms to hire earlier in the year than usual, effectively they stealing jobs from the spring. 

The warm weather effects have worn off now, economists now expect job growth to settle the range of 100,000 to 150,000 a month at least. Then came the 163,000 new jobs in July, beating the concept of 100,000 economists had expected.

 The economy has to add on an average of 151,000 jobs a month this year. But that hasn't been enough to bring unemployment down. In July the unemployment was high as 8.3% as the month of January.

The unemployment rate can rise even when Employer cuts down jobs. The government decides the figures from two different surveys.

One is called the "payroll survey". It asks mostly large companies & government agencies how many people they employed during the month. This survey gives a clear knowledge about the number of jobs gained or lost.

The other is the "household survey". Government workers collect the information about their family either adult in a household have a job and use the findings to produce the unemployment rate as well. Last month's small increase in joblessness was practically a rounding error: The unemployment rate increased up from 8.22 percent in June to 8.25 in July.

Most of the Economists have stated that the U.S. economy will fall off a "fiscal cliff" at the end of the year when more than $600 billion in tax increases and spending cuts will kick in unless Congress reaches a budget deal.

The "draconian dose of austerity" is meant to force Republicans & Democrats to compromise, if they can't do that taxes go up and spending gets slashed, the economy will move to recession, contracting with an annual rate of 1.3% in the first six months of 2013, according to the Congressional Budget Office respondent.

The rest of the world is moving slowly. Much of Europe is in recession as policymakers are struggling to deal with high government debts, weak banks and the threat that countries will abandon the euro currency and destroy the region's financial system.

Mario Draghi - the President of European Central Bank said on Thursday that the bank is preparing to buy government bonds to help slow down borrowing costs in debt-ridden countries like Spain & Italy.

The high-powered economies countries like China, India and Brazil are also slowing & sharply moving because of Europe's troubles have hurt their exports.

According to chief economist at Markit in London, Chris Williamson said, If the previous three months of dull job creation were not enough to impulse the Fed into acting more aggressively, then Friday's numbers "must surely kill off the all possibility of coming up action.”

The job market still has a long way to go for betterment. The economy lost 8.8 million jobs from January 2008 until it hit bottom in February 2010. Since then, only 4 million, or 46 percent, have been employed. 

Americans who were either unemployed, working part-time jobs because they couldn't find full-time work or too discouraged to look for work rose from 14.9 to 15 percent in June. Nearly about 5.2 million Americans have been out of work for six months or more.

An Example: Eric Kosmack has applied for 450 jobs since he graduated in January 2011 from Montclair State University in New Jersey. Because of his concentration in accounting, he is looking for a job in accounting but he had to do such kind of job whose concentration in mathematics to do the job much better. He has had three temporary jobs since 2011, including one that ended last Tuesday, but no luck in his search for a permanent job.

And most of the jobs described as "entry level" with one to three years of experience, which he doesn't have so far. "I understand that they want to find the perfect candidate for their company, but it seems take a long process," he said.

Over the last year, wages have increased only 1.7 percent just matching the rate of inflation. Government mostly tries to cutback continued to balance on the job market. The economy lost about 9,000 government jobs in June and 660,000 over the last two years.

In fact, private payrolls are higher now than January 2009 when Obama took his office.

In this July, private job sector added 25,000 manufacturing jobs, the most ever since March. Restaurants & bars added more than 29, 000 jobs. Temporary help services added 14,100 jobs as well. Retailers hired 7,000 more workers for their requirement. Education and health services gained 38,000 jobs as more than before.

Another Example: an owner of the Little Wine Bus in New York, Tania Dougherty has two tour guides and wants to hire at least three more people because more companies are booking her daylong winery tours for employee daily visit.

After the financial crisis in 2008, companies had to cut back on bonuses, Dougherty said. But now employers are recognizing that they need to spend more money on their workers to retain them as many as they can, she said.

People can work long hours & you have to reward employees. And they deserve the day out, and companies have to give chance of their opportunities.

eBay Now- A Same-Day Shipping Service!!

An Ecommerce company-eBay is going to launch of their beta version of a new service named eBayNow- same-day shipping service. As a result they invited some San Francisco users today to their new service. It uses an iOS app to support their service, And eBay Now’s will let San Francisco residents to chance of getting $5 same-day shipping on products from local stores. It’s now designed with signing up users for an “exclusive beta” format. Anyone can register here, and those admitted user should get a download link soon.

Startups like TaskRabbit and Uber have given consumers a taste of instant satisfaction; probably it seems eBay wants to deliver the same satisfaction they promise to their respective consumers. We are witnessing the rise of convenience tech as well.

This morning eBay sent an email to Rakesh Agrawal tweeted about being invited to eBay. It only works for those who purchases more than $25, but beta testers get $15 off their first eBay Now order plus free shipping on their first three orders before a $5 delivery fee kicks in.

The company eBayNow from any store on its Milo platform, this service is only open to San Francisco residents Monday-Saturday (9am to 9pm) & Sunday (9am-6pm), and deliveries can arrive in just as little as an hour but a store must be open at least a half an hour after an order is place. Its Partnered stores are Macy's, Toys'R'Us, Target, and Best Buy. Those partnered user will get prioritized for access before general signups. Finally, eBay will be measure user interest to figure out product updates & whether to further roll out eBay Now.

Below is the email those invited to the beta received, though you can sign up here to get eBay Now when it’s ready:

Hi [Name],

We know you love shopping on eBay. But sometimes you just can’t wait for shipping. Sound familiar?

If so, we’ve created an exciting new way to shop. Starting today, for purchases of $25 or more, San Francisco shoppers can order products from local stores and have them delivered to their door — at home, at work, or anywhere else in San Francisco. The new service is called eBay Now, and you can download it here for your iPhone®, iPad®, or iPod® touch.

Since eBay Now is in beta, we’re taking $15 off your first order and offering FREE delivery for your first three! After that, each delivery during the beta period is only $5. Your orders arrive fast — usually within an hour! Pretty convenient, huh?

Downloadthe app now and try it out. If you like it, share it!

 
You have three invites for friends and family.

 

Happy shopping!

The eBay Now Team

eBay Now trying to go head-to-head with Amazon, which service is said to be planningwarehouses in major cities to offer its own same-day shipping service. There will be extra benefit for Amazon Prime users, who for a $79 a year subscription gets free two-day delivery and $3.99 next-day delivery. Moreover, Amazon’s CFO Tom Szkutak said ”we don’t see a way to do same-day delivery on a broad scale economically” during the company’s Q2 earnings call.

As a result there should be strong distribution network required to execute same-day service could be immensely expensive for Amazon, even more for the less-equipped company like eBay. Failure to produce a reliable or affordable service could be a big waste of resources as well as reputation also. By Szkutak’s comments, it seems to be to open the possibility of same-day service like eBay Now in metropolitan areas, which is certainly easier than in spread out rural areas.

eBay Now can use on nimbler startups like Postmates Get It Now and Y Combinator’s brand new Instacart, one-hour(!) delivery services for take-out food, groceries, & other store-bought goods.

They certainly appealing to customers benefit. For example, If I live in a big city surrounded by brick-and-mortar stores & want something immediately, why wait times by going with ecommerce unless there’s a super-speedy shipping option? Yes, you never have to leave your cave. But eBay Now could turn your impulse into products at your door just within hours.

Obama and Romney Tax Plans Are Pie in the Sky - US News

Barack Obama & Mitt Romney loaded with 10 point plans

The U.S. presidential elections often produce half-baked proposals to its respective citizens. The campaign websites of President Barack Obama & Republican rival Mitt Romney are loaded with 10-point plans to change everything from education & Social Security to energy policy.

It is not their tax plans. Both offer the same vaguest of plan for the most important issues of our day: What actual size government do we want? How & When will we pay for it? How the burden should is fairly distributed? Instead of engage in serious discussions of such overarching questions like above, the candidates often offer confection. 

Romney says he would reduce the taxes most of us which we are currently pay. Were in 2001 and 2003 tax cuts adopt under President George W. Bush government? If we extend them all, then first comes with Individual income-tax rates which was reduces by 20 percent across the board. Then comes with Dividends and capital-gains taxes to eliminate them for most taxpayers as well, and keep the current low rates as well for the high income people. 

Moreover, the former Massachusetts governor would end the Estate tax, repeal the alternative minimum tax & ditch the higher tax rates which enacted with Obama’s health care reform legislation decision. Here’s the cherry on top. Romney says he would balance the huge gap between revenue & expense for dollar & still keep the tax code’s progressivity.

Mathematically Impossible

If it sounds too good to be true, that’s because it is wonderful. Romney hasn’t said yet how he would achieve all of this & still not decided how to decrease the deficit or make the tax code less progressive according to existing economy, probably because it’s mathematically impossible to solve the problem like these. A Tax Policy Center study released last week which estimates that such a plan Romney provides so little detail it isn’t possible to precisely score it - would reduce taxrevenue from individuals by $360 billion in 2015.

To get revenue neutrality, Romney’s plan must have an equal amount of reductions in popular choice of tax benefits issue, including the mortgage interest deduction, the exclusion for employer health insurance, the removal for charitable contributions as well, and benefits for low & middle income families such as the earned income-tax credit & child tax credit. For Romney’s plan to make better understand, taxpayers would have to give up 65 percent of their tax preferences, according to the study. It would be politically difficult rather than clawing back that level of tax breaks.

The analysis also shows that Romney’s tax cuts would mostly favor for the upper-income taxpayers. Those who earn more than $1 million, their after-tax income are increased by 8.3 % (for an average tax cut of about $175,000). Taxpayers with incomes between $75,000 to $100,000 would see somewhat smaller increases of about 2.4 percent ($1,800of an average tax cut). The after-tax income of taxpayers earning less than $30,000 would actually decrease by about 0.9 percent (for an average tax increase of about $130). It’s no wonder that Romney doesn’t want to show up detail information, how he would make his numbers add up. 

Obama also has a taxplan, and it’s almost as unclear. It can be summed up as “soak the rich.” In keeping with his plan not to raise taxes on the middle class, Obama would extend the Bush tax cuts plan if only on income up to $250,000 for married couples. He would increase another 4.6% tax rate from 35% to 39.6% & end tax breaks for hedge fund and private equity managers. 

Most similarly, Obama recommended Buffett rule, according to Warren Buffett, which would require Americans earning more than $1 million to pay an unclear minimum tax rate.

Millionaire’s Tax

The millionaire’s tax would affect about 0.3 percent of taxpayers not than 450,000 people. Based on the Internal Revenue Service, its figured in 2009 that even doubling the tax rate on the richest of the rich would bring in about $190 billion per year, or 1.3 percent of GDP -a far short of the $4 trillion over the10 years. There should have economists & deficit- reduction panels which try to keep the national debt sustainable. 

Obama hasn’t spelled out still now where he would find most of those trillions. His  budget plan in 2013 would raise $206 billion over 10 years by treating dividends, now taxed at 15 %, as ordinary income for married couples making more than $250,000 a year. Obama has done little to build the support behind it by campaigning, or to advance it in Congress. 

With considering the $15 trillion of publicly held debt, as a result he’ll have to break his campaign promise for the upcoming election & go where the money is –is it in the middle class? According to the Tax Policy Center, in 2010, the average federal income-tax rate for a median-income family was 4.55 percent. From the year of 1955 to 2007, that rate hadn’t been lower than 5.34 percent. 

Romney must shed his pie in the sky promises as well; while Obama needs to come up with a clean & clear plan for the middle-class Americans by telling them their taxes, now at record-low rates, will need to be increased.

Why private job slowly increasing than it looks - US News

US Private job creation is even slower than it looks

According to one economic expert, “ As public-sector job growth rather than Private-sector which relied on to fuel the employment improvement is even slowly increasing than it looks like where US government subsidies change the true picture".

The Bureau of Labor Statistics stated a report on Friday that the non-government nonfarm jobcreation in July is much better than expected as 172,000 numbers which helped to lift investor sentiment even though the rising Topic of total unemployment rate which rose to 8.3 percent at last month (The total nonfarm payrolls gain was 163,000 in June as government lost 9,000 jobs.)

According to  Alan Tonelson, research fellow at the U.S. Business & Advisory Council, said that the number isn't as good as it looks like because the government subsidized its health services industry which  generated 38,000 numbers of  jobs, or more than 22 percent of the total jobs.

Tonelson said in an interview, “It’s certainly weaker than it appears really; if we believe that the recovery & the entire U.S. economy should be boost increasingly by the private sector, by private capital, by private markets, as well as by market forces.” 

Tonelson added, "That's not to say that we don't need government spending or the government doesn't provide many useful services its people," "But I don't think most Americans & I'm certain most economists would not argue with  the strength of the U.S. economy & its future prospects are determined significantly by the strength of the public sector."

Although the number of industries that receive government subsidies is as expansive, Tonelson stews his research down to the most identifiable in government employment history of data like Health care services, private educational services & social assistance agencies.

The National Bureau of Economic Research defined the recession which ended in June 2009; such jobs have created in private sector for 1.144 million of the total 3.384 million jobs.

While PresidentObama trumpets on the campaign trail, he stated that the non-subsidized private sector generated 2.24 million jobs which considerably less than the more than four million positions 

Still, Tonelson maintains that he has no political axe to toil. Rather, he believes that policy makers & the public need to make sure they're getting the clearest picture as much as possible about the real strength of the private sector industry.

Tonelson also said, "All the times I'm trying to do is to point out that government's role has by any objective measure grown in the post-Lehman ruling period. U.S. government statistics need to do a much better job of taking into account, " if your data is not correct than policy makers at the very least are faced problem to make their decisions accurately.”

Tonelson's observations come together interestingly with a recent survey showing that 59 percent of Americans believe that government has control over job creation.

A survey by executive search firm Korn/Ferry, found that 64 percent of U.S. people believe government spending is a "good" way to create jobs, but not the best way. In more favored ways including private spending on sustainable energy, information technology and infrastructure as well. Tonelson said, "We have to end this recession. That's the overall priority to our government.” He pointed out that his research could be best utilized as political fodder for either each side of jobs.

According to Tonelson’s said, "These findings could be used by those people who you might categorize as left of center to show how crucial government's role has become," "It also could be used by those people to the right of center for how this may explain why the private sector's performance has been so relatively weak, & why this recovery, generally considered that it  has been so much weaker than previous recoveries."

White House: 8.3 percent unemployment? No! 8.254 percent! - SKS Technologies

8.3% unemployment in USA

Alan Krueger, the chairman of President Barack Obama's Council of Economic Advisers, who took this issue Friday with reports that the unemployment rate rose in July from 8.2 percent to 8.3 percent. It would be the courtesy of daily technically-accurate-but-politically-cringe-inducing spin moment for Obama’s government.

According to Krueger, he said "It can say with more precisely, the unemployment rate rose from 8.217% in June to 8.254% in July," he wrote on the White House blog, adding that a top executive of Bureau of Labor Statistics Commissioner John Galvin noted in his statement that the unemployment rate was 'essentially unchanged' from June to July."

Krueger was technically given accurate statistics. But his comment raised eyebrows to opposition parties as well."The dumbest spin I've seen inages.", Republican National Committee spokesman Tim Miller said it. 

The weakness of Obama's chief which is because of ahead of November election. Moreover, no president since World War II has been re-elected with unemployment rate above 8 percent.

Yahoo! appointed Marissa Mayer! as new Chief Executive Officer

Marissa Mayer, a top executive of Google, has been named the new CEO of web giant Yahoo!. 

"I am honored and delighted to lead Yahoo!, one of the premier destinations of internet for more than 700+ million users. I look forward to work with the Company’s employees to bring innovative products, content, and personalized my experiences to users and advertisers all around the world," Mayer said it in a press release which named Business Insider. 

This source from   The New York Times' DealBook, which broke the news as: The appointment of Ms. Mayer, who was employee No. 20 at Google and was one of the few talent of the company like Google, is considered a surprising moved to Yahoo, which has struggled in recent couple of years to attract users in its battle with competitors like Google & Facebook.

She was the first female engineer of Google, will now serve as President and CEO of Yahoo, according to Yahoo's official press release. She was vice president of Google's local, maps and location services & was responsible for the well looking of many widely used Google products, specially the Google home page.

"I preferred to work at Google because most of people were smart there," Mayer told to The Huffington Post last July. "And I also wanted to work at Google because I felt absolutely unprepared to work at a search engine."

Most of the internal people had expected that Yahoo to appoint it’s interim CEO Ross Levinsohn to CEO position. Levinsohn had stepped in after the brief stint of Scott Thompson, Yahoo chief from January to May in this year. Thompson, whose time with Yahoo ended abruptly a scandal over discrepancies on his resume, after that Yahoo appointed Carol Bartz, CEO from January 2009 through September 2011.

The announcement of Yahoo seems as a surprise to some Google employees. Google ex-software engineer Stephen Lau wrote "What the…. I don't even," posted by Lau, in reference to the Times story about the Mayer's new position.

Later on Monday evening, Mayer tweeted ,” I'm incredibly excited to start my new role at Yahoo! Tomorrow”. Google CEO Larry Page said to Marketing Land:

“Marissa has been a tireless champion to our competitor as well. She contributed huge activities to the development of our Search, Geo, and Local products. We will miss her talents at Google.” 

What do you think about new CEO of Yahoo? Share your opinion with comments.