Word: temps
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Dates: during 2000-2009
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...investors don't seem put out; the bank's stock is near a 52-week high. But how is the bank supposed to get business done with its boss on trial for six months?—By Charles P. Wallace Hiring And Firing Adecco, the Swiss-based world-leading temp-staffing firm, announced the resignation of its chief financial officer and its head of U.S. operations following the disclosure of accounting problems at its American arm. U.S. regulators are investigating...
...permanent jobs by businesses has created one: temporary work. The temporary-help sector has added 150,000 jobs since April, and while 1.4 million people hold part-time jobs only because they were unable to find full-time work--up 27% from a year ago--the growth of temp jobs isn't altogether a bad thing. "It seems to have some predictive power for permanent employment growth," says Groshen. "Companies seem to experiment with the job itself or with the particular employee. Do we really need this job? Can this person really do it?" If the answer...
This is life in Free-lance Nation, where an estimated 1 in 4 workers are cobbling together a living outside the bounds of full-time employment--either through contract work, part-time jobs, temp assignments or some combination of the three. The recession has led to an increase in what Jared Bernstein, a senior economist at the Economic Policy Institute, calls "involuntary entrepreneurs," people like Nieva-Woodgate, who would much prefer to have a full-time...
...staffing industry has become increasingly specialized, creating niche firms for temporary doctors, nurses, accountants, engineers, IT consultants, legislative aides, even personal assistants for celebrities. Despite such tailorization, the uncertainty and volatility for the individual temp workers remain. "You have no guarantee of tomorrow," says Allan Thompson, 48, a state-and local-tax specialist in Dayton, Ohio, who signed on with a temporary accounting-services firm this spring. "But people could arguably say there's no guarantee when you have a full-time job either...
...signaling a recovery in the broader economy, but not a return to the bull market of the 1990s," Codogno cautions. So keep that exuberance rational. Pole Position Shifts Again Maybe it's time to hire a temp. After Poland's Prime Minister Leszek Miller yanked away economic control and transferred it to economy minister Jerzy Hausner, Grzegorz Kolodko became the second Finance Minister to quit during Miller's troubled 20-month administration. Kolodko warned that Hausner would destroy attempts to control deficits - jeopardizing euro membership. Some analysts, already spooked by Poland's shortfalls, agreed. "It's a mixed blessing," says...