Hourly Workers See Short Job Search

December 17, 2002 (PLANSPONSOR.com) - According to CareerBuilder.com's "On the Job 2002" survey, nearly half (45%) of skilled and hourly workers said it would take less than a month for them to find a comparable job if they were laid off - but just 23% of salaried workers expected to fare as well.

In fact, 60% of salaried workers estimated that their job search would last longer than two months, and 23% said six months or longer.

Skilled and hourly workers reported higher optimism for finding a comparable job over the long run as well; with 62% saying they could find a job in two months or less.   

Get more!  Sign up for PLANSPONSOR newsletters.

Not surprisingly, when asked the perception of a job being better, 90% of skilled and hourly workers responded compensation as the most important factor.   Additional reasons given were:

  • 84% – a balance of work and life
  • 82% – benefits
  • 76% – a good relationship with their direct supervisor
  • 75% – workplace safety.

Asked what resources they utilize the most to find a new job, skilled and hourly workers report classified ads in newspapers used most often.   Additional resources, in order of use, included:

  • Networking
  • National job/career Web sites
  • Newspaper Web sites
  • Recruiters
  • Web sites of professional associations

The CareerBuilder.com survey was conducted from October 23 to December 5, 2002.   Results are based on more than 2,200 survey respondents.

Comings & Goings with NASDAQ-100

December 16, 2002 (PLANSPONSOR.com) - The NASDAQ-100 is undergoing its annual re-ranking, effective with the market open on December 23.

The NASDAQ-100 is made up of the 100 largest non-financial stocks listed on the NASDAQ stock market.

Fifteen firms will be added to the index – and fifteen removed – in the annual re-ranking, which it timed to coincide with the triple witching options expiration in the fourth quarter.

Get more!  Sign up for PLANSPONSOR newsletters.

Comings

Joining the index will be:

  • Expeditors International of Washington Inc. (EXPD)
  • Ross Stores Inc. (ROST)
  • Dentsply International Inc. (XRAY)
  • Lamar Advertising Co. (LAMR)
  • Whole Foods Market Inc. (WFMI)
  • First Health Group Corp. (FHCC)
  • PETsMART Inc. (PETM)
  • Pixar (PIXR),
  • Fastenal Co. (FAST)
  • American Power Conversion Corp. (APCC)
  • C.H. Robinson Worldwide Inc. (CHRW)
  • Patterson-UTI Energy Inc. (PTEN)
  • Gentex Corp. (GNTX)
  • Henry Schein Inc. (HSIC)
  • Ryanair Holdings PLC (RYAAY).

Goings

Companies being removed from the index include Abgenix Inc. (ABGX), Andrx Group (ADRX), Applied Micro Circuits Corp. (AMCC), Atmel Corp. (ATML), Charter Communications Inc. (CHTR), Conexant Corp. (CNXT), Cytyc Corp. (CYTC), Integrated Device Technology Inc. (IDTI), ImClone Systems Inc. (IMCL) , i2 Technologies Inc. (ITWO), Protein Design Labs Inc. (PDLI), PMC-Sierra Inc. (PMCS), Rational Software Corp. (RATL) , Sepracor Inc. (SEPR) and Vitesse Semiconductor Corp. (VTSS) .

Companies that are removed from the index may rejoin it at a later time. This year, American Power Conversion, Fastenal, First Health Group, PETsMART, and Ross Stores have rejoined the index, for example.

«