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As the global economy fights its way out of the current recession, many companies are surviving via consolidation-streamlining business units, offices, teams, even merging with other companies. This is the type of activity that makes employees feel most insecure, and insecure employees are generally unhappy and less productive. Perhaps this decrease in employee productivity is one of the reasons that mergers have a low success rate-research shows that approximately 75 percent of mergers fail. Lori Dernavich, a business advisor who provides C-level executives, HR directors and boards with essential workplace performance solutions, observes, "It's often said that employees are a company's greatest asset, and yet they are among the last considerations when companies institute change."
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On October 29, the Department of Labor's Bureau of Labor Statistics (BLS) reported that nonfatal workplace injuries and illnesses among private industry employers in 2008 occurred at a rate of 3.9 cases per 100 equivalent full-time workers—a decline from 4.2 cases in 2007. Similarly, the number of nonfatal occupational injuries and illnesses reported in 2008 declined to 3.7 million cases, compared to 4 million cases in 2007.
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Human resources and ethics departments of global organizations are engaging in ongoing collaboration to make their companies' corporate culture and risk management processes have an increased focus on ethics, according to a report released by The Conference Board. Although there is considerable sentiment for pursuing greater collaboration, only one-fifth of those surveyed by The Conference Board regard full integration of these departments as optimal. But most of the participants (77 percent) would like to see a more collaborative approach than their company is currently taking.
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Approximately half of the companies that froze salaries and hiring in the past year now plan to unfreeze them in the next six months, according to the latest update to an ongoing series of surveys by Watson Wyatt, a global consulting firm. Nevertheless, employers remain concerned about their ability, both currently and in the long run, to attract and retain critical-skill employees.
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With the economy cautiously turning the corner, senior leaders are focused on hiring and developing talent, according to a survey of more than 450 senior executives by Right Management. Ninety-four percent of executives said talent management is a top priority for 2010. The findings present good news for employees and job seekers. Employers are preparing themselves for growth opportunities as the economy rebounds and are looking for ways to enhance performance and productivity. One-third of the senior executive respondents will be hiring new talent in 2010, while 36 percent will focus on developing current talent.
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Online advertised vacancies declined by 83,200 to 3,280,000 in October, according to The Conference Board Help-Wanted OnLine Data Series (HWOL)™. Online labor demand has been relatively flat since the low point in April 2009, increasing a modest 117,000, or slightly less than 20,000/month. The October decline reflected dips in labor demand across much of the nation.
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On October 29, Jordan Barab, acting assistant secretary for the U.S. Department of Labor's Occupational Safety and Health Administration (OSHA) told a Congressional committee that the serious shortcomings discovered during his agency's evaluation of the Nevada Occupational Safety and Health Administration's safety program have raised concerns about federal OSHA's monitoring of all state plan states. Barab said that as a result of deficiencies found in Nevada OSHA's program and this administration's goal to move from reaction to prevention, OSHA will implement a number of changes to strengthen the oversight, monitoring and evaluation of all state programs.
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