Staying Afloat in Today’s Crowded Talent Pool

In February, President Obama signed into law the much debated and anticipated $787 billion economic stimulus bill, a plan designed with a primary focus on countering recent, unprecedented job losses. This legislation cannot come quickly enough for the 4.4 million Americans who’ve lost their jobs since Dec. 2007. The past two months were particularly brutal, with layoffs announced seemingly daily by such industry stalwarts as Microsoft, Starbucks, Pfizer, Caterpillar, Home Depot, Macy’s and Nissan.

Even CEOs have felt the blow, with more than 60 terminated in 2008 and up to 150 expected to lose the top spot by the end of 2009. While the stimulus package is said to save or create three to four million jobs, this will depend on how efficiently the money is distributed over the next 12 to24 months.

By BOB DAMON

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