Company Loyalty Important in Hiring

April 30, 2002 (PLANSPONSOR.com) - Finding workers who will be loyal to their employer is a big deal to New York area hiring managers.

That was the finding of a recent survey by The New York Times Job Market, the newspaper’s online recruitment arm.

According to the Times poll of New York area company officials and job seekers, eight in ten hiring managers assess a recruit’s loyalty before making the hiring decision.

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Virtually all hiring officials and job seekers say the best way to measure loyalty is by whether the person keeps a good attitude during the hiring process, according to the poll.

Finding a Good Attitude
How do the hiring officials tell a good attitude from a bad one?
One hiring manager offered this suggestion, according to the Times poll: “It is how [job candidates] present themselves, their knowledge of the field they are in and their desire to improve on it.”

Also on the list of pre-employment factors to use in judging loyalty, according to the company officials:

  • referrals
  • length of previous employment
  • level of position sought

Job seekers’ list was slightly different with referrals topping the list, followed by the candidate’s educational qualifications and level of position sought.

When considering a candidate’s length of employment at a previous job, hiring managers expect an average three-year stint to indicate corporate loyalty while job seekers suggest an average two years at the earlier job would be appropriate.


 

Dot.com Job Cuts Down 47%

April 29, 2002 (PLANSPONSOR.com) - Internet firms shed 824 jobs in April, significantly down from the 1,549 job cuts announced the previous months, according to data from Challenger, Gray & Christmas.

This month’s tally is 95% lower than the same time last year when the dot.coms hemorrhaged 17,554 jobs in April 2001. This month is also the eighth consecutive month in which the job-cut total was lower than the same month the previous year.

Every month since October, with the exception of March, tech firms have made fewer job cut announcements than the previous month.

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The April figure brings announced dot.com job cuts to a year-to-date total of 4,845. Since the outplacement firm started tracking dot.com job cuts in December 1999, announced cuts have reached 147,285. 

Though the dot.com bloodletting has slowed, it has been two years since the monthly job cut announcements were below the 1,000 mark. The April 2000 figure was 327.

This month, consumer services suffered the most job cut announcements at 393, followed by the technology sector, which lost 300 jobs.

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