Week End Roundup: February 26th

After a month of silence, the Week End Roundup returns! In this week’s Week End Roundup: Possible failure to create sufficient jobs; increase in outsourcing of UK jobs to India and Eastern Europe; and creative tactics to get MBAs in front of potential employers.

Millions of Unemployed Face Years without Jobs (New York Times)
The impact of the recession was of such severe magnitude that economist fear the recovery will fail to create jobs in sufficient numbers to absorb the unemployed.

Despite Visa Curbs, UK Companies Recruiting Indian Workers (The Times of India)
Despite recession and new restrictions on hiring professionals from India and other non-EU countries, British companies are continuing to recruit migrant workers to fill existing skill gaps in the UK. Among employers planning to outsource jobs overseas, more than half (51%) plan to relocate UK jobs to India, and more than a third (37%) plan to shift jobs to Eastern Europe.

Business Schools Get Creative as On-Campus Recruiting Dwindles (Wall Street Journal)
With fewer employers able to visit campus to recruit and interview MBAs, business schools are paying for video conferencing technologies and even student road trips to get their students in front of cash-strapped employers.

Fixed Income a Hot Area in Slow Jobs Recovery (Washington Post)
Banks are hoping that the fixed-income trading boom will lead to an increase in hiring this year. There is a preference for hiring cheaper junior staff rather than giving out big compensation plans to top managing directors. That said, exceptions are being made for senior executives with proven client relationships.