International Finance Manager, Milwaukee, Wisconsin

 POSITION TITLE

International Finance Manager

REPORTS TO: Chief Executive Officer, VP Finance

SUMMARY OF POSITION

PURPOSE

The International Finance Manager will be responsible for managing all financial and related administrative activities related to company’s businesses outside the USA. Areas of responsibility include treasury, accounting, finance, financial reporting, bonding, banking, insurance and tax. Approximately 50% international travel is anticipated.

PRINCIPAL ACCOUNTABILITIES

Treasury Management

1. In cooperation with senior management, determine appropriate levels and sources of financing / bonding / liquidity. 2. Develop, manage and provide accounting support for the Company’s F/X operations, currency hedging, cash management and other related functions. 3. Maintain strong relationships with the Company’s financial institutions, surety providers and other related firms. 4. Develop a timely and accurate process of monitoring cash flow to ensure a high level of internal control and maximize return on cash assets. 5. In conjunction with senior management, develop credit policies and ensure the proper execution of these policies throughout the Company. Ensure that receivables are collected as quickly as possible to minimize working capital needs. 6. Supervise and oversee outside attorneys as required.

Accounting / Financial Reporting

1. Create, coordinate and continually evaluate/upgrade the financial programs and supporting information systems of the Company. 2. Oversee International implementation of a new global IT system. 3. Monitor compliance to company intercompany pricing policies and adapt as necessary. 4. Prepare timely and accurate financial reports, special analyses and information reports. 5. Generate creative cost saving ideas and work with other managers to develop cost studies, management metrics and other information they can use to drive revenue and profitability, increase efficiency and improve the performance of their personnel. 6. As a member of the management team, develop business plans and forecasts to estimate the future impact of business decisions and changing market conditions. 7. Supervise the development of department budgets which consolidate into an overall corporate budget and become part of the corporate business plan. 8. Develop and monitor capital expenditure budgets considering project cost, financing costs, cash flow and return on investment. 9. Establish accounting policies and ensure records are maintained in accordance with GAAP. 10. Work with independent auditors in the preparation of the Company’s annual financial statements. 11. Supply all reporting required by any debt agreements and ensure compliance with all covenants. 12. Develop and maintain an internal control structure which ensures the integrity of the Company’s information, especially in the areas of revenue and profit recognition, cash management, financial reporting, tax compliance, etc. 13. Supply all reporting required in the debt agreements and insure compliance of all debt covenants.

Insurance / Tax

1. Along with outside advisors, develop and coordinate tax planning strategies to minimize tax liabilities on a worldwide basis. 2. In conjunction with outside advisors, ensure that the Company is in compliance with all income tax regulations including those related to intercompany pricing. 3. Review and adopt corporate insurance coverage to ensure that Company has the appropriate levels of insurance at the lowest cost. 4. Review and implement employee benefit plans that provide competitive coverage at the lowest cost.

Human Resources

1. Manage international departmental personnel to make best use of their skills; select employees wisely and develop their capabilities; administer discipline fairly; and handle human resource matters in accordance with Company policies in order to drive individual and group performance. 2. Foster Company’s culture by fully supporting its brand identity, company values and high expectations. 3. Champion, organize and monitor clear channels of communication and coordination between functional counterparts throughout the Company (i.e., across entities and between personnel in sales, estimating, marketing, project management, engineering, finance, purchasing, operations and quality.)

QUALIFICATIONS .

Education – A Masters of Business Administration and/or a Bachelor of Science in Accounting .

Experience – Recent experience in Construction or Engineering Industry is a requirement for out of state candidates. – 10+ years of progressively challenging experience in an international accounting/finance environment. – Demonstrated successful financial management experience. –

Experience in Project Type businesses

dcd@fittsroberts.com

International Finance Manager, Wisconsin – 150K

~career path to CFO within 5 years due to retirement

~50% international travel, primarily Europe and Asia

~manage all financial and administrative activities outside of US including treasury, reporting, bonding, tax, banking, etc

Qualifications:

~at least 5 years of international experience (10 years desired), specifically dealing with foreign currency

~cost of completion or project type business experience desired

~proven project mgmt and negotiation skills

~history of advancement and career development

~cross functional exposure with board of directors, legal, shareholders, operations, etc

Junior Tax Attorney – Houston, Texas

 Overview:

Position involves the analysis of tax issues associated with corporate acquisitions, dispositions, and other initiatives. Individual will be trained in various areas of tax such as the foreign tax credit, US taxation of international activities, partnership taxation, transaction taxes, etc.

Responsibilities:

Work as a member of a team with various other organizations. Work on issues related to structuring transactions and analyzing tax regimes in the context of a planned business transaction. Work with others in the Tax Organization on other matters such as tax appeals and tax legislation.

Qualifications:

Degree: JD Required Major Discipline: Accounting, Finance Years Experience

Required: The ideal candidate will have exposure to acquisition and divestiture activities and 2 to 4 years of tax experience along with a commitment to develop in the tax area.

Computer Proficiencies: Must have the ability to perform basic spreadsheet applications.

Certifications: CPA or LLM will be favorably looked upon. Local candidates preferred.

 Diane Delgado LeMaire | Managing Director, Accounting & Finance Recruiting | Creative Financial Staffing, a division of Fitts, Roberts CPA Firm | 5718 Westheimer Suite 800 | Houston, TX 77057 | 713-260-5238 | dcd@fittsroberts.com  | www.cfstaffing.blogspot.com| www.dianedelgadolemaire.wordpress.com| www.twitter.com/CPARecruiterHOU| www.linkedin.com/in/dianedelgadolemaire

January 2010 Newsletter for Accounting Professionals

Industry News and Updates

Happy New Year!!!!! I hope you are as excited as I am to put 2009 behind me and get started with 2010. I already have some encouraging news to share for my Houston Accounting Professionals:

  1. Houston still has a lower unemployment than the rest of the nation. 8% vs.10%
  2. The price of Oil seems to have stabilized around $80 a barrel (last year it was about half of that). . Projections are that it will hit $100 a barrel this summer. The price of Natural Gas is another story, but it seems to be increasing slowly.
  3. The rig count has inched up every single week! We are at 1248 active Rigs now.
  4. Industries that will be hiring in Houston include: Government (big surprise!), Social Services / Non Profit, Healthcare, International Trade and some Upstream companies (exclude oil & gas field services for now).
  5. AND MOST IMPORTANTLY: Our local office is off to a great start!!!! January of 09 was a very slow month for us, but I can tell you that clients are calling us with temporary and permanent orders again. That has not happened for a long time. We have already made several placements in the first two weeks of the year.

These are all great indicators that 2010 will be a better year. The first quarter tends to be our slowest quarter of the year, so I am anticipating a very busy second and third quarter. My next newsletter will hit you inbox in March. Call or email me with any questions or comments. There was a recent article published that about 45% of people are unhappy with their current position. Let me know if you are thinking about making a move this year.

Below is a partial list of our local and national searches:

 

Local Searches

 

Revenue Accounting Manager
West Houston, 110  to 120K, 30 to 50% Bonus Potential

Auditor
West Houston, 50% travel, Domestic

Senior Revenue Accountant
West Houston, SAP

Senior Benefits Analyst
West Houston, 80 to 85K

Staff Accountant
North Houston, 80 million dollar company

4 Senior Tax Accountants
Galleria, Public Accounting

IT Audit Manager
Northwest Houston, 100 – 120K

Tax Manager or Senior Tax Manger
Downtown, Public Accounting

Accounts Payable Professional
Downtown

Administrative Assistant for Houston CFS Office
14/hour – Galleria

National Searches

 

Fixed Asset Accounting Manager,
San Antonio, Texas

3 Auditors, Chicago, IL
50% Travel, Management Training Program

CFO, Detroit, Michigan 
Healthcare, 140 to 170K  

Manager Planning & Analysis, Orlando, Florida   
Financial Services, 90 to 110K  

CFO, Tampa, Florida
Manufacturing, 130 to 150K  

VP Controller, Hartford, CT
Services, 185K  

Revenue Accounting Mgr. – Houston, TX. 110 to 120K plus 30 to 60% bonus potential!!!!!!!

 

Our client is going through some major changes and looking for great leadership potential. They are currently hiring a Manager of Revenue Accounting. This person will get to hire their own team of Revenue Accountants. The company is converting to SAP, so that experience along with oil & gas experience is required.  The company is  an independent natural gas and oil company. The position is located in Houston, Texas and the individual in this role will report to the Director of Oil & Gas Accounting.  Some other requirements include a minimum of eight years of experience. 

Please email me at dcd@fittsroberts.com with any questions. This is an amazing company!!!!

Sr. Benefits Analyst – Houston, Texas 80 to 85K

Job Summary:

  • Analyze benefits costs and policies
  • Maintain equity with current benefit trends and legislated requirements
  • Act as a project leader on various benefit plan design issues and related benefit projects

Essential Functions:

  • Benefit Administration including health, dental, vision, flex plans, life, disability, 401 (k), ESPP, deferred comp.
  • Research and Analyze current benefit programs, usage, coverage, cost, monthly premiums, and competitive trends; as well as Forecast trends and assist with future benefit design
  • Lead annual renewal, open enrollment, and Wellness program initiatives
  • Maintain compliance with all processes, procedures, and standards applicable

Requirements:

  • Bachelor’s degree in relevant discipline
  • At least 7 years experience in qualified and non-qualified retirement plan administration, as well as health and welfare plans.
  • Ability to establish and maintain effective relationships with employees and the general public
  • Ability to perform detailed quantitative analysis
  • Excellent Listening, Oral and Written Communication Skills
  • Proficient in Microsoft Excel & PowerPoint
  • Knowledge of ERISA, COBRA, HIPAA regulations
  • CEBA or related designation preferred

Diane Delgado LeMaire | Managing Director, Accounting & Finance Recruiting | Creative Financial Staffing, a division of Fitts, Roberts CPA Firm | 5718 Westheimer Suite 800 | Houston, TX 77057 | 713-260-5238 | dcd@fittsroberts.com  | www.cfstaffing.blogspot.com| www.dianedelgadolemaire.wordpress.com| www.twitter.com/CPARecruiterHOU| www.linkedin.com/in/dianedelgadolemaire

Tax Manager – Houston, Texas – 120 to 140K

  • Involvement in every aspect of the client relationship
  • Meeting with clients to gain an understanding of their business and tax situation
  • Contact clients to gather information for the tax preparation process
  • Review tax returns prepared by our staff and seniors
  • Identify tax planning opportunities
  • Development of staff and senior associates. Assist with training, mentoring and scheduling of assignments of employees.

Requirements:

  • Bachelors degree in Accounting
  • CPA license
  • 7+ years of tax experience in both compliance and consulting
  • Several years with large public accounting firms is a plus, especially if recent
  • Strong leadership and project management skills
  • Excellent written and verbal skills
  • Prior supervisory experience

Diane Delgado LeMaire | Managing Director, Accounting & Finance Recruiting | Creative Financial Staffing, a division of Fitts, Roberts CPA Firm | 5718 Westheimer Suite 800 | Houston, TX 77057 | 713-260-5238 | dcd@fittsroberts.com  | www.cfstaffing.blogspot.com| www.twitter.com/CPARecruiterHOU| www.linkedin.com/in/dianedelgadolemaire

December Newsletter from Diane Delgado LeMaire @ CFS

Happy Holidays!  

‘Tis the season to reflect on 2009 and look forward to 2010!

My next publication was not scheduled until January, but I wanted to take the opportunity to try something unique; a moment of reflection on the past and call to action for 2010!  December is the best time to reflect upon the last 12 months and measure your accomplishments.  Your ability to remember the details of all your hard work and accomplishments will never be better than now!  So, dust off your old resume and start by adding at least one accomplishment or new technical skill you’ve worked so hard for in 2009.  It does not have to be pretty. Just jot down some new facts about yourself that express your new accomplishments.

December is also a great time to look forward to 2010. Ask yourself: “What are my professional goals? Do I want to go back to school? Tackle a certification? Make a career move?” Ask for a promotion?   Below are links to local Universities and Certifications most requested by the employers I represent. I hope you find this information helpful.  

Certifications:

CPA Certificate Programs:

Masters Programs:

 Here is to a great 2010!

Diane Delgado LeMaire | Managing Director, Accounting & Finance Recruiting | Creative Financial Staffing, a division of Fitts, Roberts CPA Firm | 5718 Westheimer Suite 800 | Houston, TX 77057 | 713-260-5238 | dcd@fittsroberts.com  | www.cfstaffing.blogspot.com| www.twitter.com/CPARecruiterHOU| www.linkedin.com/in/dianedelgadolemaire

Report: Houston jobs outlook to improve – Houston Business Journal – by Casey Wooten Reporter

Tuesday, December 15, 2009, 2:09pm CST

Report: Houston jobs outlook to improve

Houston Business Journal – by Casey Wooten Reporter

Economic activity will improve in the first half of 2010, and by year’s end, Houston will have a net gain of 1,900 jobs, according the Greater Houston Partnership’s end-of-year forecast.

“Houston’s recovery has begun,” the report stated.

The numbers were presented Dec. 14 at a GHP-sponsored event at the Intercontinental Hotel featuring a panel of economic experts.

Demand for chemicals and plastics products used in construction and manufacturing will drive growth in 2010, the report said. An upturn in Asian economies is expected to bring growth to the city’s wholesale trade sector, which will add 5,200 jobs.

Other sectors expected to see a net gain in jobs are health care (2 percent gain); food services (0.5 percent) and administrative and support services, which is expected to pick up 5,400 jobs. Largely driven by gains in the public education sector, the public sector will add an additional 4,100 jobs.

Not all areas will see a recovery, however.

The report said that construction is expected to continue to lag behind other sectors. Strict lending standards has meant that ground-breaking on new commercial projects has all but halted. Job losses in construction are expected to continue at an annual rate of around 3.1 percent.

Natural gas prices are expected to remain low, resulting in continued layoffs for the upstream energy industry into the new year. Oilfield services firms are expected to drop another 1,400 jobs during 2010.

The expected gains follow a year of dramatic losses for the local economy, with the city losing 93,000 jobs in fiscal year 2009. But the drop is mild compared to other major metros hard-hit by the recession. Phoenix, Miami and Atlanta all topped six-figure job losses.

National Searches: 3 CFO Positions with Private Equity Group from 125K to 170K plus Equity!!!!

CFO #1        

Detroit, MI – Healthcare

 

Midwest-based healthcare services company (sub $20mm of revenue) seeks to hire a Chief Financial Officer.  Along with the President and CEO, the CFO will be expected to provide leadership and management of finance, accounting and administrative functions.  The CFO will be a key person on the executive leadership team responsible for planning and executing strategic growth initiatives. In particular, this person will (i) manage the Company’s accounting function including supervising accounting staff, (ii) interface with lenders and shareholders, (iii) be responsible for budgeting, financial analysis and financial reporting, including designing and implementing detailed operational and financial reports, and (iv) oversee all administrative functions such as HR, IT, insurance, facilities management, etc.   Position includes equity ownership potential.

COMPENSATION RANGE 

$140K – $170K salary, plus bonus, plus equity

CFO # 2 

Tampa FL – Light manufacturing/service

Florida-based Company engaged in light manufacturing and business services (single facility, approximately $25mm in revenues) seeks to hire a Chief Financial Officer.  Along with the President and CEO, the CFO will be expected to provide leadership and management in an entrepreneurial and growth-oriented environment.  This person will (i) manage the Company’s accounting function, (ii) supervise accounting staff, (iii) interface with lenders and equity holders, and (iv) be responsible for budgeting, financial analysis and financial reporting, including designing and implementing detailed operational and financial reports.  The initial 6-12 months of the position will include transitioning to a new internal accounting system.   Longer-term, the CFO will be a key person on the executive leadership team responsible for planning and executing strategic growth initiatives.  Position includes equity ownership potential.

COMPENSATION RANGE

$130K – $150K salary, plus bonus and equity opportunity

CFO #3

Springfield, IL – Trucking/transportation industry

Currently family owned and run – CEO and CFO will be staying on for a transition period.  They truck agricultural liquid products like corn oil and corn syrup. Company is very profitable, business is consistent, very customer service oriented.   About $20 million in revenue.

COMPENSATION RANGE

125-130K base, bonus and equity.

Diane Delgado LeMaire | Managing Director, Accounting & Finance Recruiting | Creative Financial Staffing, a division of Fitts, Roberts CPA Firm | 5718 Westheimer Suite 800 | Houston, TX 77057 | 713-260-5238 | dcd@fittsroberts.com  | www.cfstaffing.blogspot.com | http://twitter.com/CPARecruiterHOU
|
www.linkedin.com/in/dianedelgadolemaire

Public Accountants / Tax Professionals!!!! Do you love working for a CPA firm, but hate the hours????

Do you really love working for a CPA firm, but need a little more WORK / LIFE balance????? We have the right opportunity waiting for you. One of clients is looking to add a tax professional to their practice. This position could be a Staff, Senior or even Manager level. Our client is looking for the right fit! The CPA Firm works with small and large organizations including high net wealth individuals, schools, foundations, musuems, agencies, small businesses and much more. The office is very casual and the hours are flexible. They offer paid overtime, but can not guarantee more than a 40 hour work week. The ideal candidate is a CPA with at least 2 years of public accounting experience in individual, trust, small business and / or non profit taxation. Tax Research capabilities are essential. They like team players!  

Please email your resume to dcd@fittsroberts.com to find out more information.

https://dianedelgadolemaire.wordpress.com/| http://twitter.com/CPARecruiterHOU| www.linkedin.com/in/dianedelgadolemaire

Quarter of workforce could become temps as contract work grows

By Paul Davidson, USA TODAY

An encouraging jobs report Friday underscored the growing prominence of temporary workers who some experts predict could constitute up to a quarter of the workforce in a few years.

A big reason employers shed a far-less-than-expected 11,000 jobs last month is that temporary staffing agencies found slots for 52,000 additional workers, the most since 2004, the Bureau of Labor Statistics (BLS) said.

That’s a good sign because cautious employers typically hire temps in a recovery before bringing on full-time staffers.

“Companies are hesitant to say demand is lasting and they go first to the contract labor market,” says Manpower CEO Jeff Joerres. The No. 1 staffing agency’s business rose 10% to 15% last quarter, he says.

Other industry officials are reporting an even bigger jump, partly because of a long-term shift to contractors in the workplace. Temporary placements for Nelson Staffing, a Sonoma, Calif., staffing agency, are up about 20% the past five weeks and expect to climb another 5% early next year, marketing head Courtney Dickson says.

“Product launches used to take several years – now it can be only six months,” says Barry Asin, chief analyst at Staffing Industry Analysts, which studies the field. “You need a flexible workforce to ramp up and move to the next project.”

If a new product fizzles, contract workers can easily be let go. And so-called contingent workers can cost up to 30% less than regular employees because they typically don’t receive benefits such as health insurance or unemployment – a key selling point in a fragile economy.

JOBS FORECAST: Outlook for employment in all 50 states, 384 metro areas

Contract employees who sign on with a firm for several weeks or months constitute about 8% of the U.S. workforce, Asin says, or 10 million Americans. The lion’s share are independent contractors not tracked by BLS.

Gary Mathiason, vice chairman of Littler, the No. 1 employment law firm, predicts half the jobs created in the recovery will be filled by contractors, consultants and other temps.

Fifteen years ago, most temporary slots were for office work, but more than half are now filled by professionals such as engineers and physicians, Asin says. Business Talent Group, which places executives, saw its second-quarter business rise 70%.

“You can choose your projects and if something’s not working out, you can move on” or “take a hiatus,” company co-founder Amelia Tyagi says.

The trend is giving rise to new services. Start-up oDesk serves small businesses that want to monitor the computers of remote employees. Client Erik Budde, CEO of AboutAirportParking.com, says six of his nine employees are contractors: “In this economy it’s nice to have that flexibility.”

Job market shows big improvement

November job losses fewest since start of the recession. Unemployment rate decline is biggest in more than three years.

By Chris Isidore, CNNMoney.com senior writer

Last Updated: December 4, 2009: 12:22 PM ET

NEW YORK (CNNMoney.com) — The long-suffering U.S. jobs market improved significantly in November, as employers trimmed the fewest jobs of any month since the start of the recession, and the unemployment rate posted the biggest one-month decline in more than three years.

U.S. payrolls slipped 11,000 jobs in the month, far below any of the job losses posted over the last 23 months. Economists surveyed by Briefing.com had forecast a loss of 125,000 jobs in November.

The October and September job loss estimates were also revised sharply lower, trimming previous job loss estimates by 159,000 between them.

The new reading put October job losses at 111,000 jobs, and September’s loss estimate was cut to 139,000. Each of those new estimates would have been the smallest declines in more than a year.

The unemployment rate improved to 10% in the month. Economists had forecast it would remain at the 10.2% level reached in October, which had been a 26-year high. The unemployment rate had risen in 12 of the previous 13 months before November.

“I think it’s a little bit premature for champagne, but after enduring two years of really bad news, let’s enjoy this one,” said Jay Bryson, economist with Wells Fargo Securities. “You’ve got to walk before you start running. I don’t think we’re walking yet, but we’re starting to get back up on our feet.”

Long-term unemployment remains gloomy. Still, the number of jobs lost — even with the lower revisions — since the start of 2008 is 7.2 million. And that only captures the net loss of jobs, and doesn’t give a full picture of the large pool of those without work or income.

The report showed 15.4 million Americans are now unemployed and seeking work, although that’s down 325,000 from the October reading. Another 6 million want jobs but are not counted as part of the labor force because they have stopped looking.

Add to that group the 9.2 million who have only found part-time work when they want full-time jobs or have had their hours cut as a result of the downturn, and that brings to 30.6 million Americans who are not able to find the full-time job they want or need.

The long-term unemployment problem was worse in November than at any time in the 61 years those records have been kept. A record 5.9 million people have been out of work for more than 6 months, as the average length of time those with work have been without a job rose to 28.5 weeks.

Rises in work week, temp hiring. Still, there were signs of good news in the report beyond the overall drop in unemployment and sharp decline in job losses. One is that the average work week increased to 33.2 hours from a record low of only 33 hours in October, a sign that employers who had cut the hours of their workers were starting to restore those hours.

The jump in work week meant the total number of hours worked by American workers increased by 0.6%, the biggest such jump in three years, which was crucial to help lift the size of paychecks, even as average wages remained relatively unchanged. And that is important for feeding into the recovery in the economy.

“Consumer spending is a function of income, not jobs,” said Bryson. “Working people longer hours is a way of creating more income.”

Another hopeful sign cited by economists was a 52,000 increase in the number of temporary workers. Typically employers bring on temporary help before they add permanent employees. It was the biggest jump in temporary help in five years.

“The temporary workers and the longer hours, those are signs this is finally going in right direction,” said Tig Gilliam, CEO of Adecco Group North America, a unit of the world’s largest employment staffing firm. “Now we need to get to creating 200,000 to 300,000 jobs a month. That’s what it’ll take to get improvement in labor market. It’s very possible it can be in the second quarter of next year.”

White House still concerned. The report came the day after the Obama administration held a “jobs summit” at the White House, during which business leaders, economists and policymakers discussed what could be done to end the job losses.

President Obama continued to focus on the job situation during a trip to Allentown, Pa., Friday, at which he toured Allentown Metal Works and a community college. He said he would announce additional measures Tuesday that he will send to Congress in an effort to jumpstart private sector hiring.

“This is good news, just in time for the season of hope. But I want to keep this in perspective,” the president said. “Good trends don’t pay the rent. We’ve got to actually grow jobs and get America back to work as quickly as we can.”

Alan Krueger, the Treasury Department’s chief economist, said the report and other economic readings show that the layoffs have slowed but that hiring still remains weak.

“The trend of slow healing continues but there is a long way to go before the labor market returns to full health,” he said. While Krueger said there are many encouraging signs in the report, “unemployment remained unacceptably high.”

Republican National Committee Chairman Michael Steele issued a statement pointing out that the economy has lost 2.8 million jobs since the Obama administration passed its economic stimulus bill in February, and that the unemployment rate remains in double digits.

“If President Obama is truly interested in job creation, then he should stop campaigning for re-election, stop pushing ‘Stimulus II,’ and start working with Republicans on common-sense conservative solutions,” said Steele. 

Unemployment rate is down!!!!!

Employment Situation Summary

Source: http://www.bls.gov/news.release/empsit.nr0.htm

Transmission of material in this release is embargoed            USDL-09-1479
until 8:30 a.m. (EST) Friday, December 4, 2009

Technical information:
 Household data:       (202) 691-6378  *  cpsinfo@bls.gov  *  www.bls.gov/cps
 Establishment data:   (202) 691-6555  *  cesinfo@bls.gov  *  www.bls.gov/ces

Media contact:         (202) 691-5902  *  PressOffice@bls.gov

                         THE EMPLOYMENT SITUATION -- NOVEMBER 2009

The unemployment rate edged down to 10.0 percent in November, and nonfarm
payroll employment was essentially unchanged (-11,000), the U.S. Bureau of
Labor Statistics reported today. In the prior 3 months, payroll job losses
had averaged 135,000 a month. In November, employment fell in construction,
manufacturing, and information, while temporary help services and health care
added jobs.

Household Survey Data

In November, both the number of unemployed persons, at 15.4 million, and the
unemployment rate, at 10.0 percent, edged down. At the start of the recession
in December 2007, the number of unemployed persons was 7.5 million, and the
jobless rate was 4.9 percent. (See table A-1.)

Among the major worker groups, unemployment rates for adult men (10.5 per-
cent), adult women (7.9 percent), teenagers (26.7 percent), whites (9.3 per-
cent), blacks (15.6 percent), and Hispanics (12.7 percent) showed little
change in November. The unemployment rate for Asians was 7.3 percent, not
seasonally adjusted. (See tables A-1, A-2, and A-3.)

Among the unemployed, the number of job losers and persons who completed tem-
porary jobs fell by 463,000 in November. The number of long-term unemployed
(those jobless for 27 weeks and over) rose by 293,000 to 5.9 million. The
percentage of unemployed persons jobless for 27 weeks or more increased by
2.7 percentage points to 38.3 percent. (See tables A-8 and A-9.)

The civilian labor force participation rate was little changed in November at
65.0 percent. The employment-population ratio was unchanged at 58.5 percent.
(See table A-1.)

The number of people working part time for economic reasons (sometimes re-
ferred to as involuntary part-time workers) was little changed in November
at 9.2 million. These individuals were working part time because their hours
had been cut back or because they were unable to find a full-time job. (See
table A-5.)

About 2.3 million persons were marginally attached to the labor force in
November, an increase of 376,000 from a year earlier. (The data are not sea-
sonally adjusted.) These individuals were not in the labor force, wanted and
were available for work, and had looked for a job sometime in the prior 12
months. They were not counted as unemployed because they had not searched
for work in the 4 weeks preceding the survey. (See table A-13.)

Among the marginally attached, there were 861,000 discouraged workers in
November, up from 608,000 a year earlier. (The data are not seasonally ad-
justed.) Discouraged workers are persons not currently looking for work be-
cause they believe no jobs are available for them. The remaining 1.5 mil-
lion persons marginally attached to the labor force had not searched for
work in the 4 weeks preceding the survey for reasons such as school attend-
ance or family responsibilities.

Establishment Survey Data

Total nonfarm payroll employment was essentially unchanged in November
(-11,000). Job losses in the construction, manufacturing, and information
industries were offset by job gains in temporary help services and health
care. Since the recession began, payroll employment has decreased by 7.2 
million. (See table B-1.)

Construction employment declined by 27,000 over the month. Job losses had
averaged 117,000 per month during the 6 months ending in April and 63,000
per month from May through October. In November, construction job losses
were concentrated among nonresidential specialty trade contractors
(-29,000).

Manufacturing employment fell by 41,000 in November. The average monthly
decline for the past 5 months (-46,000) was much lower than the average
monthly job loss for the first half of this year (-171,000). About 2.1 mil-
lion manufacturing jobs have been lost since December 2007; the majority of
this decline has occurred in durable goods manufacturing (-1.6 million).

Employment in the information industry fell by 17,000 in November. About
half of the job loss occurred in its telecommunications component (-9,000).

There was little change in wholesale and retail trade employment in November.
Within retail trade, department stores added 8,000 jobs over the month.

The number of jobs in transportation and warehousing, financial activities,
and leisure and hospitality showed little change over the month.

Employment in professional and business services rose by 86,000 in November.
Temporary help services accounted for the majority of the increase, adding
52,000 jobs. Since July, temporary help services employment has risen by
117,000.

Health care employment continued to rise in November (21,000), with not-
able gains in home health care services (7,000) and hospitals (7,000). The
health care industry has added 613,000 jobs since the recession began in
December 2007.

In November, the average workweek for production and nonsupervisory workers
on private nonfarm payrolls rose by 0.2 hour to 33.2 hours. The manufacturing
workweek increased by 0.3 hour to 40.4 hours. Factory overtime rose by 0.1
hour to 3.4 hours. Since May, the manufacturing workweek has increased by
1.0 hour. (See table B-2.)

In November, average hourly earnings of production and nonsupervisory workers
on private nonfarm payrolls edged up by 1 cent, or 0.1 percent, to $18.74.
Over the past 12 months, average hourly earnings have risen by 2.2 percent,
while average weekly earnings have risen by 1.6 percent. (See table B-3.)

The change in total nonfarm payroll employment for September was revised from
-219,000 to -139,000, and the change for October was revised from -190,000 to
-111,000.

_____________
The Employment Situation for December is scheduled to be released on Friday,
January 8, 2010, at 8:30 a.m. (EST).

Position: Manager of Tax Planning and Strategic Projects / 130 – 175K

Industry:Large SEC bank

Location: Columbus, Ohio

Relocation: Yes

Salary: 130 to 175k plus bonus 10-15%

Job Description: ¡ Duties of the Manager of Tax Planning and Strategic Projects: ¡ Tax research, analysis and planning to minimize tax liabilities and to identify tax saving opportunities. ¡ Manage tax planning projects to achieve targeted goals. ¡ Evaluate impact of proposed transactions, including the management of modeling. ¡ Evaluate potential impact of tax law changes. Manage and prepare responses to complex inquiries from taxing authorities.

Required: ¡ MUST 7+ years tax experience within banking and /or financial services. ¡ Bachelors Degree in Accounting or Finance. ¡ MS/MBA Taxation required or working towards ¡ CPA required ¡ Expert knowledge of federal and state tax laws. ¡ Knowledge of Tax Research databases such as CCH and RIA. Strong reconciliation, analytical and problem solving skills.

6 Tax positions – Manager and Senior Manager

1) Manager/Sr. Manager – Nashville

2) Tax Senior Manager –   Los Angeles

3) Senior Manager  –  Ft. Lauderdale 

4) Site Leader (Sr. Manager) – Grand Rapids, MI

5) Federal Tax Practice Leader  – Cleveland

6) Sr. Staff  –  Lexington, KY

dcd@fittsroberts.com

Current Openings November 2009

  • Director of Collections, $90-150K
  • Payroll Specialist, $38-54K
  • Staff Accountant, $45-50K (North Houston)
  • Accounting Supervisor, $50-60K
  • Billing and Coding, $35K
  • Accountant, $50-70K (Southeast Houston)
  • Tax Manager (Spanish), 85 to 110K
  • Senior Tax Accountant (3), 55 to 85K
  • Tax Manager – Flex schedule (30 hours during busy season), 85 to 150K
  • Auditor (10% travel), 55 to 70K
  • Fixed Asset Accountant, 45 to 55K
  • Controller (Conroe); Looking for a 3 year Senior Auditor out of Big 4
  • Financial Analyst (West Houston), 65 to 80K
  • Tax Manager, Federal, State, FAS 109, 90 to 110K

dcd@fittsroberts.com

713-260-5238

Coming Soon: Jobs! Why employment will rebound sooner than you think. By Daniel Gross

Like some gothic serial novelist, the Bureau of Labor Statistics delivers another chapter of the same grim tale on the first Friday of every month. In October, the unemployment rate spiked to 10.2 percent, the highest since April 1983. Since December 2007, payroll employment has fallen by 7.3 million jobs. The ratio of unemployed workers to job openings is 6.1 to 1; in December 2007, it was 1.7 to 1. But some recent data points, and an understanding of the behavior of companies at different phases of the business cycle, suggest we’ll have job creation sooner rather than later.

Before things get better, they have to get worse more slowly. That’s already happening. After the credit meltdown, companies prepared for Armageddon by hacking jobs indiscriminately. Between November 2008 and April 2009, employers reduced payrolls by 645,000 per month. But in October, BLS reported that the U.S. economy lost 190,000 jobs, and it revised down the job loss figures for August and September. First-time unemployment claims are falling. Other data give more reason to hope. In the third quarter, productivity—econospeak for companies doing more work with the same amount of labor—rose at a 9.5 percent annual rate.

We’ve just witnessed the fastest two-quarter productivity surge since the first year of the Kennedy administration. Economists can read these omens the way Roman priests read chicken entrails. And here’s one of their explanations: Just as investors and businesspeople don’t believe things could ever go wrong at the peak of the boom, they have difficulty imagining things can get better at the trough of the bust. And so they respond to rising demand not by hiring new employees but by coaxing existing employees to work harder. But just as hamsters can run only so fast on their treadmills, there are limits to productivity growth. “If you look at economies over many centuries, you can’t grow productivity for 7 or 9 percent for more than two or three quarters,” said Lakshman Achuthan, managing director at New York-based Economic Cycle Research Institute, whose leading employment indicators are looking up. “At a certain point, people will start to collapse at work.”

Should the economy expand in the fourth quarter at the same 3.5 percent annual rate it did in the third quarter—as it shows every sign of doing—companies won’t have any choice but to hire, says Michael Darda, chief economist at MKM Partners. “There’s an outside chance we could see job growth by the end of the year.” In October, even as companies were cutting jobs, John Deere and Caterpillar recalled some laid-off factory workers and City Center, the mammoth casino-hotel-condo complex in Las Vegas, began hiring 12,000 workers for its December opening.

According to Challenger, Gray & Christmas, in October companies announced they plan to hire 57,520 workers, the highest number since July 2007—and nearly eight times the total from October 2008. Layoffs and restructurings are continuing at blue-chip companies: Time Inc., Johnson & Johnson, and Microsoft have announced workforce reductions in recent weeks. But we shouldn’t expect job growth to come from the Fortune 500.

According to a new study from the Kauffman Foundation, companies less than five years old created nearly two-thirds of net new jobs in 2007. Growth will come from the two guys subletting an office suite in Palo Alto who may be creating the next Google, or from the hole-in-the-wall Mexican spot that could be the next Chipotle. That’s what Leo and Oliver Kremer are hoping. The twentysomething brothers last year left Berkeley for New York. Victims of the slack job market, they decided to create their own jobs—by opening Dos Toros Tacqueria, a San Francisco-style Mexican food joint near Union Square. “Really, it was a great time to open a business,” said Leo Kremer. “You can negotiate for good rents, and find really great locations.” After a few Craigslist postings generated more than 200 résumés, they hired eight full-time and seven part-time workers. With its biodegradable utensils, chairs made from reclaimed barn word, and locally raised chicken, Dos Toros, which opened the night before Halloween, is tapping into the ethos of sustainability.

If the incipient recovery in the economy is to be sustained—and if the bearishness about employment will be overcome—it will be by the likes of these two bulls. Jessica Ramirez contributed to this story, which also appears in Newsweek.

Daniel Gross is the Moneybox columnist for Slate and the business columnist for Newsweek. You can e-mail him at moneybox@slate.com and follow him on Twitter. His latest book, Dumb Money: How Our Greatest Financial Minds Bankrupted the Nation, has just been published in paperback. Article URL: http://www.slate.com/id/2235477/

Great Business Week Article!!!!!

BTW November 4, 2009, 2:06PM EST

BTW

Are Your Employees Just Biding Their Time?
The high unemployment rate has scared working Americans into hanging on to their jobs at all costs. The Bureau of Labor Statistics says the “quit rate”—the portion of U.S. employees who voluntarily leave their jobs—was just 1.3% in August, about half the rate that prevailed when the BLS began collecting such figures at the end of 2000.

But don’t count on workers’ loyalty to outlast the recession. A survey by benefits consultant Watson Wyatt (WW) found that the “engagement,” or loyalty, of top-performing employees has dropped by 25% over the past year, largely because people who kept their jobs have been soured by layoffs, bonus and benefit cuts, and a halt in promotions. “Employers are really nervous that the minute the job market picks up, all these people that are very disengaged are going to take off,” says Laurie Bienstock, the firm’s national practice director for strategic rewards.

The loyalty that employers enjoy now is “totally cyclical,” agrees Sean Bisceglia, CEO of TalentDrive, which sifts through online résumés. Indeed, many employees are already hunting for other places to work. In a Monster.com (MWW) survey back in May, 79% of jobholders said they had stepped up their search for a new place to work since the recession began.

Employers may not fully grasp what it takes to retain good people. In its latest biannual survey, released in October, temp firm Spherion Staffing Solutions asked about 300 employers and about 2,500 workers to name the top “drivers of retention.” As they did in 2007 and 2005, the bosses listed soft stuff: “management climate” and “supervisor relationship,” for instance. Employees’ top two in all three surveys? Benefits and compensation. And this year, only 27% are “very satisfied” with their pay. Just 37% are equally happy with their benefits.

The hidden job market

Experts say many of the job openings out there are not advertised – resourceful applicants just need to seek them out.

By Jessica Dickler, CNNMoney.com staff writer
Last Updated: June 10, 2009: 3:23 PM ET

NEW YORK (CNNMoney.com) — Can’t seem to find a job? Maybe you’re just not looking in the right places.

Because of the overwhelming number of job seekers ready to pounce on new openings, employers often bypass the big online job boards and even placement agencies, and try to fill job openings directly.

Over 80% of today’s jobs aren’t advertised, according to Howard Poplinger, owner of human-resource company Epic Development and Evaluation.

Companies are relying more heavily on their current employee networks, or on local or specialized job pools, to avoid the flood of unqualified candidates that comes with high unemployment.

“Businesses go to employees first and ask if they know anybody,” Poplinger said. That way, managers don’t have to go through the time-consuming process of placing an ad and sorting through applicants, he explained.

With nearly 14 million people unemployed, there are more than five job seekers per opening, according to the Labor Department’s most recent data.

“Employers are definitely leaning on their employee population to get referrals for people that their employees trust,” said Kathy Robinson, the founder of TurningPoint, a career consulting firm in greater Boston. “Otherwise they have to screen thousands of applicants.”

According to Robinson, open positions may eventually make it onto big job sites, but only after employers reach out to their employees or a select group of recruiters first.

“The first couple of weeks is the quiet period, which is mostly word of mouth,” she explained.

For example, one company recently reached out to Robinson, looking for qualified candidates to fill an opening for a human resources associate, which was neither posted on the company’s Web site nor listed on any job boards.

When employers do advertise, they are much more selective in where they post by utilizing smaller, free sites that are unique to a skill set or a specific market, according to Tig Gilliam, CEO of Adecco Group North America, a unit of the world’s largest employment staffing firm.

Small or mid-sized business owners, in particular, generally have more luck finding a qualified resource through a site specific to engineers in Pittsburgh, for example, rather than a major job board that caters to all types of job seekers nationwide.

“Big job boards are of limited help for them because so many of the users aren’t in the area they are recruiting,” he said.

Uncovering hidden jobs

Gilliam recommends that job seekers expand their search tools and reduce their dependency on the major job sites that have become so popular over the last decade.

Remember the help wanted ads in your local paper? Gilliam suggests adding them to your search repertoire, in addition to smaller online job boards that specialize in a certain skill set, community or region.

A Google search can usually bring up any job boards specific to your home town. More targeted industry listings can be found on the Web sites for professional associations and societies, such as the Software Contractors’ Guild or the American Institute of Certified Public Accountants.

Even the local listings on Craigslist can be an asset for some job seekers.

Vanchinathan Chandrasekaran found his new job on a Florida Craigslist site.

When Chandrasekaran, 25, was looking for a job he said the response rate from Craigslist far exceeded that from the more popular job search sites.

“Though the companies were small, I was happy that someone was looking into my r�sum�,” he said.

Soon, Chandrasekaran found a position as a software developerwith a firm in Boca Raton through a Craigslist ad and started his new job in January.

According to career experts, there are also ways to tap into a company’s network to find out about openings, even if the positions are never advertised publicly.

Robinson suggests that job seekers “dig deeper when thinking of connections” at choice companies.

Joining local networking groups for your profession or LinkedIn may uncover a connection to an employee at the company — such as sharing the same alma mater — which could be the foot in the door you need, she said.

Joining a company’s community online, through sites like Facebook and Twitter may also provide access to openings before the general public.

Without an “in” at the employer of choice, job seekers can still gain an advantage by contacting the company directly, even if there are no open positions posted.

When it comes to finding out about jobs that are unadvertised, it often boils down to “knocking on doors,” Poplinger said.