Word: leonhardt
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...reckoning was inevitable. And so now, while retailers and a few economists still make the case that more consumer spending would be a really great thing, our nation's political leaders have concluded that it's too soon to issue calls for more shopping. New York Times columnist David Leonhardt makes a clever pitch for spending now on things that will save you money later--such as Kindles and Costco memberships. But that's not going to stave off depression. And so government indebtedness and spending are being substituted for consumer indebtedness and spending. The federal deficit is projected...
...highest hurdle is usually building a local workforce from the ground up in savagely competitive labor markets. "Everyone talks about the huge populations, but in reality there's only a tiny number of people qualified for the jobs you need--and everybody's fighting for them," says Ron Leonhardt, 41, Target's director of human resources in the region. Leonhardt oversees the hiring of many of the 500 workers in Target's sourcing operations in six Chinese cities and 1,200 IT, creative and financial employees in India...
Target has no stores in those countries, so Leonhardt couldn't rely on the hip, friendly Target brand to draw recruits--a far cry from the U.S., where the retailer is a household name and sought-after employer. "We're competing against IBM and Dell and brands that are already huge out here," he says. "Everyone wants to show their families they work for a big name." Recruiting at top Chinese universities, Leonhardt would show the swoosh and the bitten apple, logos the students readily recognize as Nike's and Apple's. "But when I showed them the red bull...
...India, Leonhardt has to wage a full-court recruiting press. Candidates might receive dozens of offers, accept them all--then simply show up at the one that's most appealing. Leonhardt estimates that as many as 3 in 10 accepted hires are no-shows on the first day of work. "It's pretty frustrating, as you can imagine," he says. Employers there thus use what's called a keep-warm strategy, in which newly approved hires are plied with informational packets, calls from executives and even small gifts for their parents (Target sends stuffed versions of its mascot...
...Robin A. Leonhardt '98 and Tamara V. Tai '98 have received the Laura Houghteling Fellowship, an award that commemorates Laura Houghteling '92 and her aspirations to contribute to the teaching profession. The fellowship provides Leonhardt and Tai with about $1,300 for student loan repayments...