State:
Free Special Resources
Get Your FREE Special Report. Download Any One Of These FREE Special Resources, Instantly!
Featured Special Report
Claim Your Free Cost Per Hire Calculator
This handy calculator lets you plug in your expenses for recruiting, benefits, salaries, and more.

Graphs automatically generate to show you your annual cost per hire and a breakdown of where you are spending the most money.

Download Now!
February 28, 2003
Tech Workers Take Unpaid Jobs to Bide Their Time
In
For a Limited Time receive a FREE Compensation Market Analysis Report! Find out how much you should be paying to attract and retain the best applicants and employees, with customized information for your industry, location, and job. Get Your Report Now!
another sign that the jobs recovery hasn't materialized completely, the number of Silicon Valley tech workers working for free appears to be growing, USA Today reports.

Unemployed workers tell the newspaper they work for free to maintain and hone their skills and some say they hope to secure employment within the company once the markets bounce back.

"The last thing you want to show a prospective employer is a resume with a two-year gap between jobs," says Neel Kumar, a software developer who works part-time for free. "It gives me as chance to increase my knowledge."

Last year, software firm eSelf advertised it would offer unpaid training -- and received in response over 200 resume in two days, according to USA Today. The firm offered no pay, no guarantee of a permanent job, but enticed laid-off workers with stock options, the newspaper reports.

USA Today notes that laid-off workers have few other options. Santa Clara County has lost 100,000 jobs since 2001.

"Many unemployed are leaping at the opportunity for any type of work," says Patti Wilson, a career counselor in Silicon Valley.

A surplus of tech workers could also impact paid employees, an economist tells USA Today. Paid employees could find it more difficult to get pay increases, says Mark Zandi, chief economist of Economy.com.


Links

Featured Free Resource:
Cost Per Hire Calculator
   
   
 
 
Twitter  Facebook  Linked In
Follow Us
CT-WEB02
Copyright © 2016 Business & Legal Resources. All rights reserved. 800-727-5257
This document was published on http://Compensation.BLR.com
Document URL: http://compensation.blr.com/Compensation-news/Staffing-Training/Staffing-Recruiting/Tech-Workers-Take-Unpaid-Jobs-to-Bide-Their-Time/