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U.S. and Local Economy: An Update the Mobile Society for Human Resource Management June 12, 2015 Posted: semoonchang.com
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Impact of Economy on Human Resource Management Recession: Keep employees and inventories to minimum Growing economy Increase in hiring Increase in turnovers What if future is uncertain?
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Growth Rate of Real GDP (%) Lackluster recovery?
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Projection of the U.S. Economy by the Federal Reserve in %
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Public Debt How much? $18,000,000,000,000 total ($60,000/person) $450,000,000,000 annual interest $1,500/per person per year Long-term impact? What if no one is willing to lend Higher interest rates Slowing economy & loss of jobs Limit what gov’t can do during emergency (big recession or war)
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Employed Persons January 2014 to April 2015
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Rate of Unemployment Jan 2014 to April 2015: falling LFPR
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Employment: Mobile County by Month
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Penny Sales Tax Revenue by Month to Mobile County: 2005-2015
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Mobile Co. Sales Tax Revenue by Month
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Lodging Tax Revenue to Mobile County: 2005 to 2015
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Mobile Co Lodging Tax Revenue by Month
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#Homes Sold by Month: Mobile MLS
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Average Days on the Market by Month: Mobile MLS
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Selling Price: Mobile MLS Jan 2012 to April 2015
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Employer Costs (W&S+Benefits) (Source: BLS: National Compensation Survey, quarterly; Latest Release: June 10, 2015; full report at YG-semoon)
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Components of Fringe Benefits (Source: BLS: National Compensation Survey, quarterly) Legally required: Social Security, Medicare, federal & state unemployment insurance, and workers' compensation. Insurance: health, life, and short-term and long-term disability. Supplemental pay: overtime, premium pay, shift differentials, and nonproduction bonuses. Paid leave: vacation, holiday, sick, and personal leave.
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Quality of Life in Graphs
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MS Net Gaming Revenue 2014 by month (CC=$1.08B RC=$0.99B)
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MS Net Gaming Revenue 2014 by month (State=$127.8M Local=$82.8M)
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MS-GC Net Gaming Revenue by Month since Beginning to 2015
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Some Sites http://www.slideshare.net/kleinerper kins/internet-trends-v1 (2015 Internet trends) http://www.slideshare.net/kleinerper kins/internet-trends-v1 https://angel.co/greenhouse (for recruiting) https://angel.co/greenhouse http://www.guidespark.com/ (employee communications & engagement) http://www.guidespark.com/
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By the way: Generations Baby Boomers: born 1946 to 1964 X: born 1965 and 1977; perceived to be disaffected and directionless. Y: People born in 1978 or later; known as Gen Y because they came after Gen X; called Baby Boom Echo or Millennials (relating to a span of thousand years?).
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Millennials I of II % of workforce 6% in 2000 35% in 2015 Top 3 most valued work benefits Training & development Flexible working hours Cash bonus (next: free health insurance, etc)
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Millennials II of II Tech Savvy Prefer to collaborate online Use personal smartphones at work Use downloads for work purposes Work values Not a team player Narcissistic Excessive or erotic interest in oneself Inflated idea of own importance
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Global Competition: Internet Business (presentation in order) Top five global public e-commerce companies (gross merchandise value in 2014): Alibaba/Taobao, Amazom.com, eBay, JD.com, and Rakuten Top five smartphone shipment in 1Q 2015: Xiaomi, Apple, Huawei, Samsung, and Levono Top 5 Mobile % of total I traffic: Nigeria, India, South Africa, Indonesia, and Poland
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Valuable Source of Local Data: ALL FREE Semoonchang.com – Just Click! Key data for Mobile (& Baldwin) Counties Contact information to semoon Yahoo-Group for latest U.S. econ! Click: www.groups.yahoo.com Search: semoon Click “Join” and follow instruction. You can remain anonymous and cancel your free membership anytime. Repeated in semoonchang.com!
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