This morning the US Labor Department announced only 96K jobs were added to the US economy in August. The number will no doubt have an impact on the President’s re-election campaign. But job growth is also becoming a real imperative for businesses themselves: a measure of shareholder and stakeholder value, not just an operational input.
How can businesses grow jobs in such a slow recovery? Monitor Group, a leader in economics and business consulting, has just issued a report: “Put us to work: responding to the new jobs creation imperative,” by Monitor partner Pedro Arboleda and UC Berkeley professor Steve Weber. They demonstrate why job growth is essential for business’ success and include 7 guidelines for businesses in this economy rife with joblessness.