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Jack Haddad, MD, MBA, CMT


About this author:

According to a recent article by Fortune magazine, the following companies are on a hiring binge:

  1. Wal-Mart (WMT). An estimated number of 960 new job openings to staff new locations. It's hiring store managers, human resource managers, pharmacists, customer service associates and cashiers, among others.
  2. Hewlett-Packard (HPQ). An estimated 150 new openings needed in several areas of its businesses, including information technology, human resources, research and development, marketing, finance and administrative.
  3. Bank of America (BAC). 1,860 new positions needed in several areas including consumer banking, small business banking, credit cards, home loans, global banking, wealth management, technology, human resources, finance, communications, marketing and administration.
  4. State Farm Insurance. An estimated 800+ new agents needed. There are positions in a variety of areas including claims and underwriting, finance, accounting and legal. The company aims to add 800 to 1000 new agent positions across the country, specifically in the Northeast, Texas and California.
  5. WellPoint (WLP). 1,225 new positions needed. It's hiring health outreach specialists, nurse case managers, accountants, actuaries, claims representatives, customer care representatives, enrollment and billing representatives, account managers, marketing managers, business analysts and sales assistants.
  6. Boeing (BA). 2,460 positions are available in various areas such as engineering, finance, communications, contracts, intellectual property, information systems, program and project management, operations, quality, marketing, supplier management and supplier quality, legal, business development and some administrative and support positions.
  7. Microsoft (MSFT). 630 Positions are available in marketing, software development, customer service, information technology, operations, program management, small and medium business sales, software testing, administrative services, operations, user assistance and education, game design, content publishing, marketing communications, legal and finance.
  8. MetLife (MET). 1,000 new positions are needed in areas of information technology, human resources, finance, operations, call center, administration and sales (including individual policies, group, home loans - mortgage and reverse mortgages).
  9. United Parcel Service (UPS). 3,070 positions are needed for part-time package handlers, mechanics, warehouse personnel, sales representatives and information technology professionals.
  10. Medco Health Solutions (MHS). 300+ new positions for selective hiring companywide. One division in particular, Liberty Medical, which serves the needs of patients with diabetes, is hiring for a number of customer service positions.
  11. Lowe's (LOW). 7,900 jobs are available in corporate, stores and distribution centers. Positions range from seasonal employees in Lowe's stores, to team members in regional distribution centers, to miscellaneous positions in the corporate office.
  12. Time Warner (TWX). 480 openings posted online include positions in creative, editorial, marketing, media, finance, accounting, graphics design, animation, new media, ad sales, film/television production and programming, administrative, information technology services and online.
  13. Sears (SHLD). 500+ new postions in information technology, eCommerce, finance, audit, marketing, brand management, merchandising and distribution. Positions are also available for associates, store managers and in-home technicians.
  14. Supervalu (SVU). 180+ Corporate positions are available in various departments including advertising, marketing, retail operations, merchandising and finance. In addition, there are open positions in retail stores and supply chain services.
  15. Johnson Controls (JCI). 750 positions related to energy efficiency.
  16. GMAC. 750 positions include project managers, mortgage loan officers, underwriters, servicing call center representatives and loan loss mitigators. Additional openings are available in information technology, finance, compliance, risk and treasury.
  17. Comcast (CMCSA). 1,000 openings primarily in call center operations, field operations, warehousing and sales.
  18. Northrop Grumman (NOC). 3,700 openings include positions in information technology, engineering, production/manufacturing, supply chain management, program management, product development and administration (including human resources and finance).
  19. Coca-Cola (KO). 160 jobs for a variety of different functions on many levels including finance, bottling, retail operations, production and customer service, delivery and food chemistry.
  20. New York Life Insurance. 3,640 positions are available in accounting, actuarial, auditing, customer support, information technology, investment management, legal, life insurance and annuity products, product development and strategy, sales and underwriting.
  21. Aetna (AET). 550 openings are in customer service, claims and health care, including nurses.
  22. Motorola (MOT). 520 openings are in engineering, sales, finance, marketing and project management.
  23. Abbott Laboratories (ABT). 260 jobs in sales, legal, information technology, administrative, engineering, clinical research, manufacturing, quality assurance and accounting.
  24. General Dynamics (GD). 2,365 openings in many areas, but most job opportunities are in technology and manufacturing fields, and include administrative, engineering, design and development and production and installation positions.
  25. Prudential Financial (PRU). 235 openings are in financial, actuarial, market research and analysis, operations and administrative.
  26. Humana (HUM). 265 openings in sales, nursing, actuarial, finance, project management, information technology, pharmacy, medical, health, insurance, administrative, compliance, communications and legal.
  27. Liberty Insurance Mutual Group. 500 positions are available in finance, nursing, legal, claims and sales.
  28. HCA (HCA). 9,000 openings for registered nurses, licensed practical nurses, clinical technicians and patient care support workers.

Disclosure: The author owns none of the securities in his portfolio.

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This article has 20 comments:

  •  
    HP may be hiring for some positions but they are laying off in other areas. This has been standard operating procedure for years now. Many if not all of the openings are being filled by people layed off from other areas of the company. No way the net effect is positive job creation.....
    Apr 23 10:12 AM | Link | Reply
  •  
    How could you miss Westinghouse Nuclear (Toshiba) in Pittsburgh??
    Apr 23 11:45 AM | Link | Reply
  •  
    For many major corporations, the pattern has been

    (1) lay off personnel, then rehire some in a different position, or as a consultant (reducing long-term pension liabilities, changing vesting rights, and lowering health care liabilities)
    (2) lay off personnel from one division, but give others the right to get first dibs on jobs in another division
    (3) lay off personnel in union shops and relocate operations in "right-to-work" jurisdictions

    Getting a clear picture of employment plans is about as straightforward as analyzing financials from banks with extremely complex financial products. An investor must be extremely cautious about drawing conclusions from any such hiring.
    Apr 23 03:10 PM | Link | Reply
  •  
    How do you write and article like this... mention 160 jobs at coka cola and not mention the 600+ open positions at RIM!!!!
    Apr 23 04:30 PM | Link | Reply
  •  
    donzelion - it's important to know which quadrant of the Boston Consultants grid the hiring activity occurs: Shooting Star is a lot different than Cash Cows and Dead Dogs (can't remember the other upper 1/2 quadrant).

    It's been too long since I experienced all that you talked too above which are all recovery techniques due to reasonable promises which could not be kept in poorly managed companies, especially those that conducted repetative or multiple closings of employee pension funds while skimming off the overfunding for their own purposes and then found future liabilites underfunded, causing them to resort to the things you mentioned. And we must pay lots for the best; hogwash. And, by the way, also happened to all the social security payments in Uncles coffers. Who taught whom? Or does it just come naturally???
    Apr 23 05:17 PM | Link | Reply
  •  
    General Dynamics may have job requisitions posted, but they are currently in a hiring freeze.
    Apr 24 07:45 AM | Link | Reply
  •  
    This is their hiring number but thier lay off number may be even bigger
    Apr 24 11:23 AM | Link | Reply
  •  
    My sources came directly from Fortune Magazine. While RIMM is hiring, I couldn't verify the information, nor was it mentioned.


    On Apr 23 04:30 PM Kenan A. wrote:

    > How do you write and article like this... mention 160 jobs at coka
    > cola and not mention the 600+ open positions at RIM!!!!
    Apr 24 12:20 PM | Link | Reply
  •  
    What company is RIM?


    On Apr 23 04:30 PM Kenan A. wrote:

    > How do you write and article like this... mention 160 jobs at coka
    > cola and not mention the 600+ open positions at RIM!!!!
    Apr 24 01:14 PM | Link | Reply
  •  
    research in motion. maker of blackberry


    On Apr 24 01:14 PM User 370149 wrote:

    > What company is RIM?
    Apr 24 03:36 PM | Link | Reply
  •  
    This article is miss leading since JCI is laying off at their Chiller factories, but the article would make title would make you think that things are good at JCI
    Apr 25 12:53 PM | Link | Reply
  •  
    Is it true that companies get tax breaks based on the number of jobs floated but not filled? If so, how do they get away with that? Can I create ficticious job ads and get tax breaks? I'll even incorporate. blahhhhhhhhhh!
    Apr 28 02:28 PM | Link | Reply
  •  
    The author states: "Disclosure: The author owns none of the securities in his portfolio". I wonder who owns them, if not him? ;^)
    Apr 29 12:49 PM | Link | Reply
  •  
    The brook and motors stores look like they are doing good. Especially those who have to sell products and are of retail stores.
    Jun 03 11:36 PM | Link | Reply
  •  
    We’ve crossed mid 2009 and it is a welcome relief to know that the overall productivity is increasing. Usually productivity falls in a recession. So there are overall some good signs. But we are all scared about the jobs. Is your job in danger? There is a survey that can help you do get to know if your job is in danger or not at www.angstcorner.com
    Jul 01 03:06 PM | Link | Reply
  •  
    It's really encouraging to see that the top 3 of that list are common companies found in almost every city. Well maybe not HP but Wal-Mart and Bank of America. Thanks for the update on the companies.. it is really helpful.
    www.learn-how-to-quit-...
    Sep 15 11:42 PM | Link | Reply
  •  
    RIM is Research In Motion. It was an unheard of company until they developed the Blackberry!

    respectablereviews.com
    Oct 05 10:00 AM | Link | Reply
  •  
    That would be nice, you could earn more in tax breaks than you could earn working or make money online SEO!


    On Apr 28 02:28 PM BlueMeanie wrote:

    > Is it true that companies get tax breaks based on the number of jobs
    > floated but not filled? If so, how do they get away with that?
    > Can I create ficticious job ads and get tax breaks? I'll even incorporate.
    > blahhhhhhhhhh!
    Oct 13 05:56 AM | Link | Reply
  •  
    Oh yeah, what was that company called that made it big in the early part of the last century, then died in the early part of this one? Surely not Chevrolet!
    Oct 13 06:05 AM | Link | Reply
  •  
    I hope this is very true, since I just gonna finish my study really soon..
    Oct 27 08:59 AM | Link | Reply