Executive Perspective by Grahall’s OmniMedia Editorial Board

In her November 16, 2009 article, Businesses Mount Efforts to Retain Valued Employees  Sarah Needleman says:  “History suggests some of these workers will look elsewhere as the economy improves. So far this year, fewer workers have quit jobs than at any time since the U.S. Labor Department began tracking the data in 2000. But the number of workers quitting jobs jumped 34% between July 2003 and December 2006, during the expansion that followed the prior recession.”

But the fundamental considerations are who will leave and why and what can companies do about it?
Continue reading “Employment Tectonics: The Coming Quake” »

Expert Perspective by OmniMedia Editorial Board

 Two articles in Bloomberg caught our attention last week.  The first published on November 7 by Elizabeth Hester (JPMorgan’s Dimon Hires His Father for Bear Stearns Brokerage ) shares that Ted Dimon, Jamie Dimon’s father, “quit Bank of America Corp.’s Merrill Lynch unit yesterday to join his son’s firm… [He] and his five-member broker team will join Bear Stearns Private Client Services, a unit acquired by his son in the March 2008 takeover of the failed investment bank.”  The article quotes Jamie Dimon as saying “So if you are really, really good, call JPMorgan. We’d be happy to hire you.”   Interestingly enough Jamie Dimon was quoted in an October 27th Bloomberg article (JPMorgan’s Dimon Says He Won’t Recruit Rivals’ Staff)  saying he won’t actively recruit the best employees from competitors operating under pay restrictions imposed after federal bailouts (See Grahall blog Reading Between the Lines). 
Continue reading “Love Means Sometimes Having to Say You’re Sorry” »