Number of Jobs in U.S. Projected to Grow, but Where Is Yours? - ERI Economic Research Institute

Number of Jobs in U.S. Projected to Grow, but Where Is Yours?

Redmond, WA – The U.S. Bureau of Labor Statistics (BLS) reported last week that total employment is projected to increase by 10 percent from 2008 to 2018. Even though the Baby Boomers are working longer and delaying retirement, they can’t hold off forever – jobs created when current incumbents need to be replaced are projected to be more than double the number of openings due to economic growth in this 10-year period.

Jobs continue to shift from the goods-producing sector of the economy to services, the source of 96 percent of the increase in total employment. The two industries expected to have the largest employment growth are professional and business services (4.2 million) and health care and social assistance (4.0 million).

While construction employment is projected to increase slightly, manufacturing and mining jobs will drop. At the end of the ten years, the goods-producing sector is expected to account for only about 13 percent of jobs.

However, if you are one of the well over 15 million Americans out of work or one of the additional 9 million involuntarily working part time, you may be looking for some guidance on where to find employment right now.

The top ten occupational groups with the largest number of job openings include cashiers, retail salespersons, restaurant wait staff, customer service representatives, registered nurses, food preparation workers, general office clerks, laborers, elementary school teachers, and stock clerks. View BLS’ entire list of 30 at: http://www.bls.gov/news.release/ecopro.t07.htm.

But the key to finding employment is matching your skills to a specific job in your geographic area. ERI Economic Research Institute is offering some free help, giving job-seekers access to a software program often used by Human Resources professionals to match job applicant abilities and interests to the requirements for actual jobs. You can create a list of organizations that employ people in the jobs you select, along with links to online job postings, all within your commuting range.

ERI’s founding director Dr. David Thomsen says, “Job search is all about minimizing rejection. ERI's software identifies jobs that fit and local employers posting openings for these jobs, while providing contact names, emails, addresses, and phone numbers. Because we want to increase the odds of a successful job search in these tough times, ERI is making this program available at no cost.”

Download the free Job Search version of ERI’s Occupational Assessor at:
http://www.erieri.com/index.cfm?FuseAction=LG.SingleDemo&ID=eDOT&source=salarySurveys to assist you in these tasks:

• Identify your education, achievements, skills, address, and any physical and/or mental limitations;
• Review the jobs found nationally or locally for which you qualify;
• Generate a list of employers within commuting radius that are most likely to have the positions that match your qualifications; and
• Review a list of job board postings by matched employer, area, and/or industry to see if any of these employers have a job available now.

Enhanced versions of the software for consultants and vocational experts are also available for purchase at: http://www.erieri.com/index.cfm?FuseAction=EDOT.Main.

About ERI Economic Research Institute:
ERI Economic Research Institute, Inc. is a leader in compensation and job content information. With data gathered from online surveys and an extensive survey library, ERI’s staff of 60 researchers provides subscribers with assessments of salaries, relocation cost, cost-of-living comparisons, and executive compensation. ERI’s compensation databases contain 20 years of collected data, covering the United States, Canada, the United Kingdom and other countries throughout Europe. ERI subscribers include the American Red Cross, Alaska Airlines, Monster Worldwide, Aon Consulting, Honda, Amtrak, Adidas America, Inc., IRS, CIA, and United Nations. ERI’s products include the Salary Assessor®, Geographic Assessor®, Relocation Assessor®, Executive Compensation Assessor®, Nonprofit Comparables Assessor™, and Occupational Assessor™ (eDOT®) software. For more information about ERI and its products, visit http://www.erieri.com.

Five Myths about Charitable Giving to Know before You Give! - ERI Economic Research Institute

Five Myths about Charitable Giving to Know before You Give from ERI Economic Research Institute...

#1 – Most charitable donations go to help the poor.

In 2008, total charitable giving in the US was estimated at about $308 billion, actually down almost 6% from 2007, according to Giving USA. Of this total, only 9% went to Human Services charities. These are the charities that have been the first to report increasing needs for services and a slower growth in contributions in hard economic times.

The biggest proportion of 2008 contributions – 35% -- went to religious organizations. The second highest sector to receive contributions was education, at 13% of the total.

So the organizations that you most likely think of as charities are really getting only a small portion of charitable donations.

#2 – Most charities get grants from foundations.

Individuals contributed 75% of the US total giving in 2008. Most charities receive none or only a small proportion of their revenues from foundation and corporations. Looking at the national total of charitable giving, foundations gave 13% and corporations only 5%. Donations from individuals are the major source of revenue for most charities.

#3 – When tax time comes, I can deduct my donations.

Maybe. First, the contribution must be to an organization that has been given tax exempt status under Internal Revenue Code 501 (C )(3). Before taking that deduction, the IRS wants you to verify that status. ERI Economic Research Institute makes the basic information on IRS status and also copies of the Form 990, the information form filed annually by larger nonprofits, available at www.eri-nonprofit-salaries.com.

Additionally, you have to itemize your deductions, rather than take the standard deduction on your return. Only about 30% of US taxpayers decide to itemize their deductions. There are different rules if you are donating something other than cash as well as limits on how much of your income you can donate and take a deduction. Plus you may be required to keep records. Check out everything you need to know in IRS Publication 526, Charitable Contributions, available at www.irs.gov.

#4 – I should only give to charities that say all my money will be used for programs and services.

Think about it -- how will the charity locate the people it is trying to serve? Does the organization have an office, staff, managers, computers, telephones, etc.? Every organization has overhead and requires some general support to be able to operate. When a charity guarantees that all money will go to the needy recipients, the next question should be who is paying for necessary overhead? Obviously, you may not want to support huge executive salaries and plush offices, but some expenditures are clearly needed. Again, check out what the organization reported in various expense categories and for its programs and services on its Form 990, available at www.eri-nonprofit-salaries.com.

#5 – There are so many good causes that I should give donations to as many as possible, even though the amounts will be small.

There are over a million charities in the US and the number grows every year. It is also hard to distinguish which ones are the best, based on their names, professionally-designed mailers, attention-grabbing pictures, and aggressive phone solicitors. Before you give your credit card number to a telemarketer or put a check in the mail in response to a letter, check the Form 990 for the most accurate portrait of the organization.

Making a small donation means that the organization will be spending a large proportion of it processing the gift. A more effective use of your money is to carefully select five to ten charities and make larger contributions. Then you will be able to have a bigger impact on the organization and also keep track of its progress and accomplishments. This approach should also cut down on the additional solicitations you will receive during the year!

Then Choose the Right Charities

You work hard for your money – before making charitable donations, make sure the money you donate to charities is also working hard. Here are some tips to help you make the right choice on the charities to support:

• Have a personal connection. Give to an organization that you know and trust, or where someone you trust works or volunteers or has used a service or participated in an activity.

• Review the Form 990. Larger charities have to file an annual information return called IRS Form 990. You can find all the forms filed since 2000 at www.eri-nonprofit-salaries.com. Although the form looks daunting (It is a tax form!), you can easily review the lines that report total revenue (How big is the organization?), net assets (Is there money in the bank?), money spent on fundraising (Is it a high proportion of the money from direct public support?), description of activities, and compensation of the top-paid people.

• Check the charity’s website. The address for the website can be found on the first page of Form 990 and most charities have them these days. Does the information on the website match the information on the Form 990? Does it match the information that you have been told by the fundraiser that called or the letter you received?

• Visit the charity watchdog groups. There are several groups that rate charities – see Charity Navigator (www.charitynavigator,org), the BBB Alliance for Wiser Giving (www.give.org) or the American Institute of Philanthropy (www.charitywatch.org). Not all charities are rated and the watchdogs use different criteria, but what they say may help you interpret the Form 990 and inform your giving decisions.


About ERI
ERI Economic Research Institute is a leader in compensation and performance metric information. Based in Redmond, Washington, ERI provides salary survey and cost-of-living research reports and software to over 10,000 worldwide organizations. With information gathered from online surveys and an extensive survey library, ERI provides subscribers with assessments on salary, relocation, the cost of living, and executive compensation. ERI's data covers the United States, Canada, the United Kingdom, and numerous countries in the European Union.. Its industry-leading Executive Compensation Assessor® software reports executive cash compensation based on information from private executive pay surveys, as well as publicly reported information for 6,500 US, 1,150 Canadian, and 2,300 UK and EU publicly traded organizations. For analysis of tax-exempt organizations' executive pay, see ERI's Nonprofit Comparables Assessor™ software representing 19,000,000 measures derived from over 800,000 organizations.

Visit www.erieri.com to learn more about ERI and to review its other talent management and compensation indices.

Ailing States Retirees May Want to Avoid - As Seen in U.S. News

By Philip Moeller, As Seen in U.S. News...

If you're nearing retirement or are considering relocating to a different state any time in the next several years, you need to do some careful thinking about how the recession and housing downturn have affected the finances

of different states. The National Governors Association says it will take a decade for states to recover. Many states have had little choice but to raise taxes and fees in the teeth of the recession, and further increases are likely. Even so, public services will decrease, especially after one-time funds from the federal stimulus program stop flowing to the states.

These financial dilemmas will affect the quality of residents' lives, and could change your thinking about the place you'd like to spend your retirement years.

The Pew Center for the States recently released a study listing what it judged to be the country's 10 most imperiled states:

• California
• Arizona
• Rhode Island
• Michigan
• Oregon
• Nevada
• Florida
• New Jersey
• Illinois
• Wisconsin

California is the unfortunate poster child for states that have been effectively bankrupted during the past few years. Pew ranked all 50 states using six factors that it said had played major roles in California's spiraling financial decline: 1) high mortgage foreclosure rates; 2) worsening unemployment; 3) loss of state revenues; 4) the percentage size of the state's budget shortfall; 5) a legislative supermajority requirement that makes it hard to enact tax and budget cuts, and 6) a Pew ranking of how poorly each state managed its money. California had the high score of 30—a bad thing in this ranking—and scores in the other nine states ranged from 28 in Arizona down to 22 in Wisconsin. Pew noted, however, that many other states also were hurting and, in fact, the national average state score was 17.

[See Best Places to Retire.]

While Pew focused on the more troubled states, it's worth noting the 10 states that had the lowest, or best, scores on its ranking system:

• Wyoming (6)
• Iowa (7)
• Nebraska (7)
• Montana (9)
• North Dakota (9)
• Texas (9)
• Pennsylvania (11)
• Utah (11)
• South Dakota (12)
• West Virginia (12)

Of these states, Wyoming, Texas, and South Dakota have no state income tax. RetirementLiving.com has a detailed look at the various taxes levied by each state. To help provide a rough guide of how far your dollars will go in other places, SalaryExpert.com has a free set of city cost-of-living reports that include comparisons with other cities.

There are, of course, many other reasons why a location might or might not be attractive. But it can't hurt to see which places might be most friendly to your finances.

Analyzing and Using Salary Survey Data Webinar - ERI Distance Learning Center

ERI Distance Learning Center Presents...

Analyzing and Using Salary Survey Data Webinar
Nov 17, 2009, 9:00 AM - 10:30 AM (Pacific)

This introductory webinar will discuss practical guidelines that may be used for identifying, selecting, analyzing, and using market data to complete essential tasks in determining external competitiveness and establishing an effective market-based pay program. The importance of communicating the compensation program effectively will also be discussed, and practical tips will be provided to assist you in "getting the message" to your employees so that they may understand and, ultimately, buy into the program. Full description

Click Here to Sign Up

Learning Objectives:

• Define your organization's compensation philosophy and market pricing objectives

• Identify and select salary survey sources

• Understand the importance of matching benchmark jobs

• Interpret salary survey data

• Determine market rates and the competitiveness of current pay

• Develop salary ranges

• Adjust or update a pay structure

• Communicate the compensation plan

Attendees Receive:

Salary Assessor® Compensation Software: You will receive a free demo edition of ERI's Salary Assessor software, which provides the most extensive analysis of competitive rates in existence.

Webinar PowerPoint Presentation: Interested attendees may save the PowerPoint presentation from this webinar for use in staff training.

CBP/CCP/GRP/WLCP: This webinar qualifies for recertification credit for the Certified Compensation Professional (CCP®), Certified Benefits Professional ® (CBP) and Global Remuneration Professional (GRP®) and Work-Life Certified Professional (WLCP®) designations granted by WorldatWork Society of Certified Professionals. For more information on recertification, visit the WorldatWork Society website at www.worldatworksociety.org.

JCA: Earn 1.5 hours of JCA credit toward your Job and Compensation Analyst credential.

Presenter:

Debbie Lambert, CCP, CBP, GRP

Debbie is Managing Director for ERI Salary Surveys and Abbott, Langer Association Surveys. With more than 25 years of experience in compensation and benefits consulting, she has designed and implemented a wide range of compensation programs in industries including transportation, energy, managed care services, health care, and the public sector. Debbie pioneered the field of compensation by being the first compensation professional at organizations such as FedEx, Electronic Data Systems, and Kemper National Services. Experienced in all aspects of compensation and benefits design, Ms. Lambert holds the WorldatWork Society of Certified Professionals' Certified Compensation Professional, Certified Benefits Professional, and Global Remuneration Professional credentials. Prior to joining ERI, Debbie was an independent compensation and benefits consultant and was previously employed as the Senior Compensation Consultant/Manager for Harrah's Entertainment. She has been a member of the SHRM Consultants Forum and has served on the boards of the South Florida Compensation & Benefits Association and the Mid-South Compensation Association. Ms. Lambert holds a Bachelor's Degree from the University of Memphis.

Click Here to Sign Up

To contact the ERI Distance Learning Center, please email contact.dlc@erieri.com or call 800-627-3697.

The ERI Distance Learning Center is the online training website for ERI Economic Research Institute. Since 1987, ERI has provided salary survey and cost-of-living information to thousands of compensation professionals worldwide.

Online HR Courses
Need more recertification credits?

55 online courses available.

ERI Distance Learning Center

8575 164th Ave NE, Suite 100

Redmond, WA 98052

USA

Salary Increases and Employing Staff in 2010 from ERI Economic Research Institute

Salary Increases in 2010
Association and consulting firms have released their 2010 salary increase surveys. To summarize, they forecasted 3.75% in 2009,believe 1.85% occurred, and now knowledgeably forecast 2.65% for 2010! ERI, in contrast, has suspended its Salary Increase Survey for 2010, substituting 128 industry specific blog-like websites, plus 128unique ERI Salary Surveys mirroring that number. Our mid-year 2009survey input found over one-half of our subscribers not yet planning for 2010 or, better put, not considering competitive pressures to be the criteria for 2010 decisions; rather, they are finding the unique economic circumstances of their own entities to be determinative.

Employing Staff in 2010
Employers and the media are beginning to talk about an increase in staffing, including new comp analysts. Many professionals can duplicate ERI’s research efforts – required for a Daubert Challenge – given enough time, effort, and expense. But that’s the point! We save you time, effort, and expense. Also, if you bring on new analysts, don’t forget ERI’s Distance Learning Center at www.eridlc.com; it was designed to train new comp staff.

Learn more at: ERI Economic Research Institute

Economic Outlook for 2010 from ERI Economic Research Institute

ERI’s (Economic Research Institute) view is that the US is at the bottom of an L-shaped recovery and, when job losses stop, a sustainable, not “dig a hole, fill a hole,” slow economic recovery will occur under a heavy social burden.

SSA DI (early retirement) rolls are above 10% of the working age populace (only 12,000/year return to work); unemployment is also above 10%; welfare payment values (including health care coverage) are higher than competitive unskilled wages (discouraging the pursuit of employment); minimum wage rates are rising
substantially (without inflation, there are only so many employer dollars for payrolls); health care costs rise unabated; and neighboring countries’ workers are flooding into America’s lower paid jobs.

Contrarily, ERI has received few bankruptcy notices from subscribers. Most organizations have cut staff, reduced payrolls, and managed revenue downturns in very prudent manners. The results are slimmed down and potentially more profitable entities poised for an economic turnaround.

For more info from ERI visit: http://www.erieri.com

Three (3) Salary Resource Websites for Personal or Business

Here are 3 Highly Recommended Salary and Cost of Living Resources for Personal or Business Use...

1.) SalaryExpert.com: Providing HR professionals and employees with choices for finding the most accurate and up-to-date compensation information, SalaryExpert has a range of salary tools, salary surveys and products to fit your specific needs.

2.) ERIERI.com: Salary Survey Data with Sources. ERI Economic Research Institute compiles the most robust job competency, cost-of-living, executive compensation and salary surveys (over 565,000 organizations' data) available.

3.) CostofLiving.net: Provides easy to use cost of living comparisons for over 4,500 cities. View Cost of Living and Salary Data in the Most-Requested Cities, providing Local Cost of Living Comparisons and Salaries by City and State.

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