The industry lost another 6900 jobs in August and other than health insurers every other segment is down in employment numbers for the past 12 months (-2.9%).
Wages, however, have been up the past 12 months in every category except TPA’s.
Watson Wyatt says that more than half the companies they surveyed that had previously froze salaries now plan within 6 months to unfreeze them.
High performing workers are more at risk of walking out the door during recessions. (Forward-looking companies are always ready to upgrade their business by hiring them).
By 2015 there will be more people working electronically from home full time than taking mass-transit.
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