Word: globalization
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Dates: during 2000-2009
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...Even as these hiring professionals slog through the recession, they are increasingly optimistic about 2010. Two-thirds of companies that have imposed hiring freezes expect to lift them next year, according to a new survey conducted by global HR consulting firm Watson Wyatt. "Things have started to stabilize," says Watson Wyatt executive Laura Sejen, summarizing HR survey responses. "The outlook is fairly promising...
...their recruiting efforts on general management positions as well as sales and marketing, says Mickey Matthews, who directs North American operations for Stanton Chase, a Dallas-based recruiting firm with 2008 revenues of $65 million. "Eighteen months ago companies might have been looking at supply chain management or their global procurement team," says Matthews, "but now they're looking for lead sales and marketing people. Most clients feel we're going to be out of this [recession] by the end of the year, and they want to have the right sales leadership so they're well-positioned when consumers come...
...Three quarters of the HR leaders who responded to the Watson Wyatt survey expect their business to improve by the end of this year. There's some good news on the salary front, too. A new survey from Mercer, a global HR consulting firm, found that average base salary has actually risen over the past year by an average of 3%. Mercer's compensation survey covered about a million workers at some 1,000 firms across various industries. Among HR administrators at firms that have frozen salaries, 69% expect such freezes to end over the next 12 months...
Highlight Reel: 1. On cocaine and heroin trafficking: "The $50 billion global cocaine market is undergoing seismic shifts. Purity levels and seizures are down, prices are up, and consumption patterns are in flux. This may explain the gruesome upsurge of violence in countries like Mexico ... While 41 % of the world's cocaine is being seized (mostly in Colombia), only one-fifth (19%) of all opiates are being intercepted ... In 2007, Iran seized 84% of the world's opium and 28% of all heroin...
...Despite the boom in construction that took place before the global recession, there are few towers in Dubai that offer space or facilities for artists. It was precisely for this reason Sheika Lateefa al-Maktoum, daughter of the late ruler of Dubai, Sheik Maktoum bin Rashid al-Maktoum, founded Tashkeel - an unassuming arts center comprising exhibition spaces, painting and film studios, a darkroom and a digital-printing lab. (Read about Dubai real estate after the recession...