Corra Daily Planet » 2007 » October

Can Your Top Executives Make the Right Choices

Wed, October 31st, 2007 - 3:18 pm - By Gordon Basichis

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Corporate America racked by uncertainty By Francesco Guerrera in New York

Corporate America is braced for the worst period of economic uncertainty since the start of the decade as the credit squeeze and the housing meltdown heighten the risk of a US slowdown.

US chief executives say the economic outlook has not been so difficult to read since the last recession in 2000-01. They warn that in spite of signs of a pick-up, the threat of an economic contraction is still alive.

Conflicting economic indicators and volatile business conditions make it difficult to take strategic decisions such as whether to hire or fire staff, or increase or slash capital expenditure, business leaders told the Financial Times.

For the complete article go to FT.com

Corra has seen several reports about economic downturns and tight times ahead. Undoubtedly, this is probably the case. But sometimes prediction of recession does more to bring on recession than actual business statistics. Whether this is true or not on this occasion is hard to say.

Meanwhile, we have had associates and clients tell us times are good for them and that they are expanding their businesses and hiring new employees. Sometimes tough time also create opportunity, and that is definitely a factor to consider.

For those undaunted by the dire predictions, if you are recruiting new employees you are still competing for talent. Recent reports have noted there isn’t enough talent to go around. And if you are hiring, you should have a preemployment screening program in place.

Background checks are essential today. They are cost effective and will reduce exposure to liability and public embarrassment. Check them out before you hire.

Where the Jobs Are–In the Hands of Fewer Than You Might Think

Tue, October 30th, 2007 - 4:03 pm - By Gordon Basichis

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630 Thousand Execs Control 2/3 of World’s Workforce

According to a new survey carried out by Ipsos Media, America’s senior executives, CEOs and other C-suite officers from mid- to large-size companies have a ferocious appetite for quality business information.

The survey shows the average American business leader is male, aged 51, earns $408,000 per year, and has a personal net worth of $1.7 million. As a group, they garner a total combined annual income of $246 billion with combined personal net worth valued at over $1 trillion. A significantly powerful and affluent group, these individuals are highly educated, motivated, and are eager to acquire new knowledge and quality information. Interestingly, more than half said money was not their key motivation, showing quality of life is a high priority amongst the business elite.

The survey shows that America’s 630,000 senior business executives represent over 72,000 companies, responsible for over $1.7 trillion in annual expenditures, a figure greater than the gross domestic product of Italy, or that of Russia and Australia combined, and look after the interests of 144 million employees, approximately two thirds of the US workforce, or half the nation’s adult population.

For the entire article go to The Center for Media Research

Corra finds this article to include some rather impressive statistics. Or should Corra think these numbers more daunting than impressive. A few chiefs and a lot of braves. But this doesn’t always make for a happy tribe.

Employees are often looking for a way to get out from under. If they are not looking to start their own businesses, then they are perhaps looking to find a smaller, more innovative business that makes working seem like an adventure instead of a task. And then there are those who are summarily ejected from their last position and come to your business with a trick up their sleeve and a song in their heart, telling how they really want something more intimate.

That’s why there are background checks. It is not the total answer, and it certainly isn’t the only answer, but a good pre-employment screening program will help you in determining the best candidates. Some of the more popular background checks are criminal reports and credit reports. The Social Security Trace is also a must.

Check them out before you hire.

More Raids in the Crackdown on Illegals

Mon, October 29th, 2007 - 3:23 pm - By Gordon Basichis

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1,300 immigrants arrested by feds

Agents raided sites in 5 Southland counties in 2 weeks

In what federal authorities are calling the largest sweep of criminal and fugitive immigrants, federal agents over the past two weeks have arrested more than 1,300 Southland immigrants in their homes, in jails and at work, officials announced Wednesday.

As part of a stepped-up national crackdown on illegal immigrants, five teams of Immigration and Custom Enforcement agents raided homes in Los Angeles, Orange, Riverside, San Bernardino and Ventura counties from Sept. 19 through Tuesday.

Some arrests were easy, while others involved agents peering into clothes dryers or squeezing deep into crawl spaces to find hidden suspects. Most of those arrested were from Mexico, El Salvador and Guatemala.

For the entire article go to LADailyNews.com

Corra thinks some people do not get the picture even when the picture is changing rapidly. Whether it is the sudden drop in real estate prices or the increased crackdown on undocumented workers, some people do not believe these issues pertain to them. And maybe they don’t. Unless you are hiring illegal workers and the INS and other agencies raid your business, imposing fines and confiscating property.

Corra doesn’t take sides on this very touch immigration issue. There are some very valid arguments from both points of view. All we will say is that hiring undocumented workers can becomes a very expensive and risky proposition.

If you are concerned, run a Social Security Trace on your employment candidates to see if they are who they say they are. Run a criminal check as well. And then take your chances from there.

Check them out before you hire.

Mon, October 29th, 2007 - 3:20 pm - By Gordon Basichis

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