http://knowledge.wharton.upenn.edu/ Knowledge@Wharton is an online resource that offers the latest business insights, information, and research from a variety of sources. Content includes analysis of current business trends, interviews with industry leaders and faculty, articles based on the most recent business research, book reviews, conference and seminar reports, and links to other websites. en-us Copyright (c) 2012 The Wharton School of the University of Pennsylvania http://www.wharton.upenn.edu/faculty/no_pic.gif http://www.wharton.upenn.edu/faculty/ 125 45 Wharton Faculty Research Human Resources http://knowledge.wharton.upenn.edu/article.cfm?articleid=2931&source=rss As economic malaise bleeds into another New Year, many employers are making hard-nosed decisions about benefits and compensation. That means salaries remain flat, health care premiums are up, the 401(k) match has disappeared and bonuses are smaller or nonexistent. The result, not surprisingly, is a dissatisfied workforce. Yet, as Wharton professors and other experts warn, excess frugality on employers' part could backfire in the long run. Wed, 18 Jan 2012 15:33:22 EST Human Resources http://knowledge.wharton.upenn.edu/article.cfm?articleid=2806&source=rss As the economy flirts with a double-dip recession and cost-conscious companies hesitate to re-hire, the workplace for many Americans has shifted away from crowded offices to a new world of solitary work. From freelancers to telecommuters to laid-off workers making do with temporary jobs, an increasing number of Americans are reporting to work each day from a corner of their home, a space in the garage or even a table at the local coffee shop. For some, it's a dream come true. But the transition isn't smooth for everyone. Wed, 29 Jun 2011 11:57:22 EST Human Resources http://knowledge.wharton.upenn.edu/article.cfm?articleid=2760&source=rss "Performance reviews." The words strike fear and dread in the hearts of employees everywhere. Their angst is understandable: Performance reviews typically are not done often enough and all too often are done poorly. Recently, however, the increasing number of knowledge-based companies and a new generation of employees are dramatically changing the performance review process. Wed, 27 Apr 2011 14:51:52 EST Human Resources http://knowledge.wharton.upenn.edu/article.cfm?articleid=2651&source=rss Hopes for an accelerated economic recovery in the United States were dealt a blow last week by a dismal jobs report for November -- including an unexpected rise in the unemployment rate. This news adds more fuel to the growing feeling among many economists that it will likely be several years before the jobless rate falls to what is considered a normal level. The continued atmosphere of uncertainty, experts say, has potential long-term consequences for businesses and employees alike. Wed, 08 Dec 2010 16:38:32 EST Human Resources http://knowledge.wharton.upenn.edu/article.cfm?articleid=2622&source=rss Consider these recent reports in the financial press: Even though women hold a minority of financial sector jobs, five times as many women as men were laid off after the start of the recession. Meanwhile, the pay gap between men and women in the industry actually widened between 2000 and 2007. The result is that while women in the broader work force have made significant progress toward pay and opportunity parity, they have actually lost ground on Wall Street. Is the financial services industry just an inhospitable place for women, or are there better opportunities elsewhere? Wharton faculty and others weigh in. Wed, 27 Oct 2010 13:14:17 EST Human Resources http://knowledge.wharton.upenn.edu/article.cfm?articleid=2619&source=rss Members of Generation Y -- a group of approximately 70 million young people between the ages of 15 and 30 -- are starting their careers in perhaps the worst job market since the Great Depression. Experts say the experience creates both immediate and long-term negative impacts, including lower salaries now and in the future. And while their reduced spending power is not expected to have a lasting drag on the U.S. economy, it does have significant repercussions for how these young people conduct their adult lives and careers. Wed, 27 Oct 2010 13:14:17 EST Finance and Investment http://knowledge.wharton.upenn.edu/article.cfm?articleid=2501&source=rss After the United Kingdom's May 6 election failed to produce a clear winner, its citizens have found themselves facing an unfamiliar situation -- the formation of Britain's first coalition government in more than six decades. Under Prime Minister David Cameron, the new government faces many challenges, not the least of which is dealing with a massive budget deficit during a time of recession. Experts weigh in on the state of Britain's economy and the strategies the new government should adopt to prevent yet another reversal of fortune in Europe.  Wed, 26 May 2010 16:26:29 EST Human Resources http://knowledge.wharton.upenn.edu/article.cfm?articleid=2421&source=rss More than seven million jobs have been lost during this recession, and so far, few have come back. When jobs do return, say experts, many will be temporary, contract or short-term. Risk-averse employers seeking cost savings and flexibility will outsource whatever they can to smaller firms or independent contractors before hiring full-time employees. That means job seekers will have to be more flexible, willing to take short-term assignments or relocate to places where jobs are plentiful. Wed, 03 Feb 2010 16:52:49 EST Human Resources http://knowledge.wharton.upenn.edu/article.cfm?articleid=2278&source=rss U.S. recessions since the oil crisis in the early 1970s each had their own special causes and victims, but they also had something in common: They were over relatively quickly. The current downturn, however, is deeper and already longer than any since World War II. This spells trouble for one especially vulnerable group -- managers in their 40s and early 50s. What can they do when the industry they made their career in downsizes or goes bust? And how should they go about picking themselves up and getting back into the game? Wharton faculty and employment counselors weigh in. Wed, 08 Jul 2009 16:18:09 EST