Amidst the financial crisis, reports from last month reveal that the US federal deficit had been catapulted to record territory in August, hitting $1.38 trillion with just one month left in the budget year.
It remains a concerning figure – not least because of the worries it has raised regarding the willingness of foreigners to continue purchasing Treasury debt. For that is where the debt comes from: US Treasury securities – a government debt issued by the United States Department of the Treasury, which other countries and institutions then buy.
In essence then, Treasury securities (in this case, Treasury bonds) are nothing more than glorified loans – and as the US Treasury releases data pertaining to this – it is becoming increasingly hard for the American people to get a grasp on the fact this is how their country borrows money.
You might think that determining what makes a job “great” is pretty easy, but the truth is there are so many factors that could play a role – from exceptional rates of pay, to superior growth prospects, to employee perks and benefits – that finding one definition often isn’t as easy as it might first appear.
In fact, while for many workers the paycheck is the be all and end all, for others a sense that the work they are doing is more “meaningful” holds the key to job satisfaction.
And that’s before you factor in issues pertaining to how organizations can match the needs of different generations of employees, a common challenge for HR managers.
Take a look at Fortune magazine’s 100 Best Companies To Work For list for 2009, for instance, which demonstrates how, even in this economy, some companies are going out of their way to please employees.