BLS Reports Layoffs At All Time High Corporate NewsWire Press Release BizWiz Company News BizWizWire

BLS Reports Layoffs At All Time High

Melancon & Company is a 27-year-old, retainer-based executive search and consulting firm.

Insider Reveals “Secret” Job Search Strategies

(Dallas, TX — June 22, 2001)

Question: What do Motorola, Chrysler and Sears have in common? Here’s a hint: It is something they are not terribly proud of – but share with a host of other well-managed companies such as Cisco Systems, Disney, Nortel, Verizon, and Intel. Answer: They are paring their workforce’s by a collective 112,000+ employees! In fact, according to the Bureau of Labor Statistics (BLS) there were 305,227 layoffs announced during the first quarter alone – the highest quarterly count since the BLS began keeping such statistics! And outplacement firm Challenger, Gray & Christmas reports that the trend is continuing, with layoffs in April reaching an eight-year high!

But the rotational displacement of workers is actually nothing new. The Department Of Labor recently noted that Occupational Half-life (the rate at which 50% of our skills become obsolete or outdated) has dropped from 12 – 15 years in 1970, to just 30 months today! Because of this, employers are constantly rotating out employees with “old economy” skills and rotating in employees with “new economy” (technical) skills. In 1998, for example, at the peak of the recent economic expansion, the BLS revealed that nearly 700,000 “old economy” jobs were eliminated.

“It’s an age of free agency and all of us must assume responsibility for proactively managing our own careers,” said Bob Melancon, seasoned executive search consultant and author of The Secrets of Executive Search … Professional Strategies for Managing Your Personal Job Search. “But as ironic as it may seem,” Melancon continued, “many of the very best, most talented individuals are so focused on their work, and have had such little their own campaign. In effect they are victims of their own success – the jobs have always found them rather than vice-versa – and they could benefit substantially from professional coaching. And that’s why I wrote Secrets!”

The Secrets of Executive Search is as witty and entertaining as it is informative, covering everything from planning your campaign, to salary negotiations, to the critical first few weeks on the new job. The Book is based on Melancon’s more than 35 years experience in the field, including 15 years in senior human resource management with Shell Oil Company, Celanese Corporation, and Frito-Lay, Inc., followed by 20+ years as a retained search consultant and Managing Principal of Melancon & Company. “It’s an unveiling of the tried and true techniques and strategies employed by seasoned Executive Search Consultants that will teach you how to focus your personal search campaign, position yourself as positively and professionally as possible, and help you avoid the mistakes and miscues that cause other – sometimes even more highly qualified candidates – to consistently come in second,” Melancon said.

Headquartered in Dallas, Texas, Melancon & Company is a 27-year-old executive search and consulting firm and one of the oldest practices of its type in the Southwest. Additional information on The Secrets of Executive Search can be found by visiting http://www.MelanconCompany.com, Amazon.com, and most other on-line booksellers.

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Note: Bob Melancon is a noted speaker, writer, and author – and is widely considered an authority on the subject of Executive Selection. Although only recently published, The Secrets of Executive Search has already surged to the top 1% of all books sold on Amazon.com. To obtain additional information or schedule an interview, please contact Bob Melancon directly, or visit the Melancon & Company Web site at http://www.MelanconCompany.com.

Contact: Robert M. Melancon
Contact Email: Available to BizWiz Members
Contact Tel: (972) 231-9963

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