Tag Archives: online

Majority of Unemployed Job Seekers Want Jobs Rather Than Health Insurance

 

(NewsUSA) – The recent government shutdown inconvenienced many Americans — from federal workers, to tourists — but how did it impact those looking for work? The health care debate was among the main catalysts for the shutdown, with both parties claiming to be the voice of the public, but has the voice of the job seeker been drowned out as a result? A new national poll asked those very questions to find out what was more important to job seekers — a paycheck or health insurance. The result? The majority of unemployed Americans (77 percent) would apparently take the job, even if it meant no health insurance.

Online career network Beyond.com surveyed over 5,000 job seekers from across the country to find out how the government shutdown and the technical frustrations with the health care rollout impacted their employment search. The survey comprised a dozen questions to determine if healthcare was really the main concern for those seeking work, and most respondents, it appears, were just interested in a salary to support their family. 61 percent of those who participated in the survey said that their top priority when it comes to a job is salary, not health care. * That's despite approximately 32 percent of respondents saying they currently don't have health insurance, with nearly 50 percent of those people citing they haven't had health insurance for more than a year. * 89 percent of respondents said they'd do just about anything to find a job, including working long hours and/or weekends.

“With so much speculation about the job market, we decided to go out and ask job seekers exactly what they were thinking,” said Joe Weinlick, VP of Marketing at Beyond.com. “A big part of finding a job is confidence, and while health care is certainly an important issue, we've found that those looking for work are more concerned about things like honing interview skills or updating their resume. Health insurance is one of many factors people need to weigh when considering a job offer, but you have to get the job offer first.” Survey respondents included job seekers from the Millennial, Gen X and Baby Boomer generations. Surprisingly, the majority of respondents from each generation reported that they'd consider job offers even if they didn't include health insurance at all — despite numerous reports citing the increased need for health care across the board, especially with Baby Boomers. What do you think people will be most thankful for — a paycheck or health care?

 

Advertisements

Linkedin Stock Rises to over $74 Per Share

SAN FRANCISCO (AP) — In its first quarterly update since its sizzling IPO, online professional networking service LinkedIn Corp. reassured investors who have been buying into the hype surrounding a promising crop of Internet companies.

The second-quarter results announced Thursday injected some hope into a grim stock market and could feed the mounting excitement for upcoming initial public offering of stocks from other rising Internet stars such as online coupon Groupon Inc. and Web game maker Zynga Inc.

The reason: LinkedIn reported the accelerating revenue and membership growth that it needed to support its lofty stock price and delivered higher earnings when analysts were bracing for a loss.

It marked the first update since LinkedIn’s headline-grabbing initial public offering of stock in May. The company’s shares immediately doubled from their IPO price of $45 and remained in that range, stirring debate about whether investors are overvaluing Internet companies that build large audiences with mostly free services.

The fervor has raised fears that the Internet may be in the early stages of an investment bubble akin to the late 1990s hysteria that culminated in a devastating collapse.

LinkedIn’s performance served as a reminder that there is at least one significant difference in the latest Internet frenzy: Some of today’s online companies are making money, unlike the ones hatched in the Web’s early days.

LinkedIn earned $4.5 million, or 4 cents per share, in the April-June period. That contrasted with earnings of $938,000, or 2 cents per share, at the same time last year.

Revenue more than doubled from last year to $121 million while membership climbed 61 percent to 116 million at the end of June.

Analysts, on average, had projected a loss of 4 cents per share on revenue of $104.5 million, according to FactSet.

LinkedIn shares rose $3.50, or almost 4 percent, to $99.02 in extended trading to recover part of a steep decline that occurred during the regular trading session amid a sweeping market sell-off.

“The IPO and attention certainly helped raise the company’s profile and compounded the momentum we had already been seeing,” LinkedIn CEO Jeff Weiner said in a Thursday interview.

The earnings in LinkedIn’s most recent quarter represented the most money the company has made in any three-period so far in its eight-year history. It’s still a puny profit for a company whose market value is sitting around $10 billion.

Losses could loom ahead too. LinkedIn has indicated it’s willing to sacrifice short-term earnings to increase spending on technology and new product development.

Growth is also expected to slow, partly because of economic uncertainty and partly because of the temporary lift provided by the IPO publicity

LinkedIn expects its third-quarter revenue to climb as high as $125 million, which would be slightly below the second-quarter growth rate of 120 percent. For the full year, LinkedIn sees its revenue rising to as high as $485 million, roughly doubling from $243 million in 2010.

The company, which is based in Mountain View, Calif., thinks it is better positioned to weather another recession than most businesses because its network has been designed to help people find better jobs.

“We connect talent with opportunity on a massive scale,” Weiner said in the interview. “When times get tough like this, I think our platform can make a real difference in the lives of people.”

If LinkedIn loses money for a couple quarters, it may not bother investors too much, as long the company is still persuading millions more people to post their resumes and other information about their careers on its website. As its audience grows, LinkedIn’s website will become a more attractive place for advertisers to promote their wares and for employers to recruit talent.

LinkedIn gets more than two-thirds of revenues from fees that it charges companies, corporate recruiting services and other people who want broader access to the profiles and other data on the company’s website. The remainder comes from advertising.

In a conference call with analysts, Weiner said LinkedIn is adding about two members every second. That works out to about 173,000 new members, a pace that would give LinkedIn about 132 registered accounts by the end of September. Weiner told analysts the company had more than 120 million members as of Thursday.