How We Work: Five Years Later

It’s been five years since "The Great Recession" and NHPR is looking back, looking ahead, and, most of all,  looking at right now.

In this week-long series, we’ll explore how we work in a changed economic landscape: What work means to Granite Staters these days, and the forces that may shape N.H.’s economic future.

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Series made possible with support from:

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Word of Mouth
1:55 pm
Wed November 20, 2013

Class Of 2008: Emily Wienberg

Credit Courtesy Emily Wienberg

On September 15th, 2008, the financial services firm Lehman Brothers filed for Chapter 11.  The subprime mortgage crisis had been percolating for months by then, as had a global economic decline – but the bankruptcy of the nation’s fourth largest investment bank panicked Wall Street, evaporating liquidity markets, sending the economy sharply downward, and sparking the worst global recession since World War II – a crisis from which the world’s economy is still recovering.

As part of NHPR’s station-wide series “How We Work: Five Years Later,” Word of Mouth presents “The Class of 2008,” conversations with people who graduated from high school or college around the time of the global economic meltdown.

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Word of Mouth
1:50 pm
Wed November 20, 2013

What Would You Prefer, A Bonus Or A Raise? A Study Points To The Better Incentive

Credit dantegeek via Flickr Creative Commons

Do employees work harder when they are paid more?

A new study out of Harvard set out to answer that question and came away with some interesting conclusions. One, that employers should consider not just what they pay workers, but how. Offering cash bonuses increases employee productivity more than raises in  salaries, even if the amount of bump is exactly the same.   

Duncan Gilchrist is Ph.D. student studying business economics at Harvard, and one of the authors of the study. 

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The Exchange
9:00 am
Wed November 20, 2013

Younger Granite Staters And Workforce Preparation

Credit Barks Of Love / Flickr Creative Commons

We continue our series, 'How We Work: Five Years Later,' with a look at younger Granite Staters and how they’re prepared for the workforce.  We’ll examine how we educate students, from high school to college, and how that’s changed since the recession.

GUESTS:

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North Country
7:25 am
Wed November 20, 2013

In Troubled Times How Vermont Got $600 Million From Foreign Investors

The owners of the Balsams Grand Resort in Dixville Notch say they are exploring finding foreign investors through the EB-5 program so they can renovate and reopen the hotel. In 2012 most of its furnishings were auctioned off. Photo by Chris Jensen for NHPR

Starting around 2008, as the economy began struggling and banks got skittish about lending, foreign investors began sending hundreds of millions of dollars into Vermont.

They were attracted by a federal EB-5 visa program administered by the state of Vermont.

It allows foreigners willing to invest at least $500,000 to get green cards and live in the United States.

New Hampshire didn’t have anything like it, but the state is warming to the idea.

NHPR’s Chris Jensen reports.

Sound  of construction……

Heavy machinery at work.

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NH News
5:30 am
Wed November 20, 2013

N.H. Workers Put Off Retirement, But There's A Silver Lining

Charley Lang sees his wife Susan Ferre off at the Concord bus station. She's playing a classical organ in New York.
Ryan Lessard

Susan Ferre and her husband Charley Lang sold their home in Texas and moved to Berlin, New Hampshire in 2008.

  

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How We Work: 5 Years Later
5:01 pm
Tue November 19, 2013

As The Job Market Changes, So Does The College Career Services Office

With new calls for accountability and transparency on placement numbers and returns on investment, colleges are working to ensure that students see their degrees – and the money they put toward them – as worthwhile, not only in the programs and courses they offer, but in the services students can use to find meaningful work.

The career services office has been a longtime fixture on most campuses, but what goes on in that office is changing as the job market becomes more complex – and, for many, more challenging.

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Word of Mouth
12:55 pm
Tue November 19, 2013

Class Of 2008: Tim Mitsopoulos

Credit Courtesy Tim Mitsopoulos

On September 15th, 2008, the financial services firm Lehman Brothers filed for Chapter 11.  The subprime mortgage crisis had been percolating for months by then, as had a global economic decline – but the bankruptcy of the nation’s fourth largest investment bank panicked Wall Street, evaporating liquidity markets, sending the economy sharply downward, and sparking the worst global recession since World War II – a crisis from which the world’s economy is still recovering.

Read more
Word of Mouth
10:57 am
Tue November 19, 2013

Why 'Employee Misclassification' Matters In New Hampshire

In 2010, then- New Hampshire Governor John Lynch signed an executive order creating the Joint Task Force on Employee Misclassification Enforcement.  While it doesn’t sound like the most urgent unit, misclassification is a serious issue, costing employers, business owners and putting un-covered workers at risk. 

As part of NHPR’s week-long series 'How We Work: Five Years Later,' we’re digging into attitudes and policy towards work. Joining us to explain this issue is New Hampshire labor commissioner, Jim Craig, and Martin Jenkins, legal counsel for the D.O.L.

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Word of Mouth
10:30 am
Tue November 19, 2013

Creating Amazing Workplace Culture: Dyn's 'Culture-Con'

Just one of the employee-friendly spaces at Dyn, where the office also has a putting green, Skee-Ball, a ping pong table, and a farm-to-table cafe.
Credit Via Business NH Magazine

This week, we’re talking about work…what we do…and how our attitudes and expectations concerning work have fared under the long shadow of the 2008 financial crisis. Today, we’re taking advantage of some good timing. New Hampshire-based tech company Dyn is holding its third annual 'Culture-Con' tomorrow in its Manchester headquarters.

We talked with two participants in the gathering to talk how companies create workplace cultures that attract and engage and retain workers in meaningful and lasting ways, Dyn's COO, Gray Chynoweth, and Amanda Osmer of Grappone Automotive Group.

Note of disclosure: Grappone is an NHPR underwriter, and Gray Chynoweth serves on NHPR's Community Advisory Board.

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Word of Mouth
10:05 am
Tue November 19, 2013

How To Find Fulfilling Work

Credit MacMillan Publishers

Is there an adult out there who has not, in a moment of fatigue, insomnia, or on a particularly hard day at work, looked around at their life and asked, “Is this it? Is this what I want my life to be?”  Even people who have plenty of money and status and work in their industry of choice may find themselves fantasizing about a job that engages their spirit. A new book from the School of Life series sets out a practical guide to negotiating the myriad choices, overcoming the fear of change, and finding a career that has meaning. Roman Krznaric is a founding member of the school of life. He advises organizations from Oxfam to the UN on using empathy and conversation to create social change. He spoke to us from Oxford, England to talk about his new book How to Find Fulfilling Work.

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Business and Economy
9:33 am
Tue November 19, 2013

Jobs: Quantity Vs. Quality

The numbers suggest employment levels are returning to where they were before the recession, but those jobs are not necessarily the quality jobs New Hampshire has had in the past. Economist Denis Delay talks about the numbers and trends, and what they could mean for the future of the state.

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NH News
9:05 am
Tue November 19, 2013

N.H. Invests In Helping People With Developmental Disabilities Get Jobs And Keep Them

Sara Frost sprays down tables at Portsmouth Regional Hospital's cafeteria.
Credit Emily Corwin / NHPR

  While government programs like mental health services were being cut over the last five years, one program has seen increased funding throughout the recession: services for people with developmental disabilities.  In particular, the state’s Bureau of Developmental Services has been investing in services that help people with developmental disabilities find work. 

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The Exchange
9:00 am
Tue November 19, 2013

A Look At Older Workers, Post-Recession

Credit Heart Industry / Flickr Creative Commons

We continue our series with a look at older workers. Some found themselves suddenly out of a job due to recession. Now, half a decade later, we’re seeing how they’ve adjusted - and the many paths they’ve taken, by choice or necessity.

GUESTS:

  • Kelly Clark – state director of AARP-New Hampshire
  • Dennis Delay – economist for the NH Center for Public Policy Studies; also New Hampshire forecast manager for the New England Economic Partnership

CALLOUTS:

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NH News
6:00 am
Tue November 19, 2013

For Many Out Of Work, Recession Meant Returning To School - At A Cost

Angela Rodgers of Nashua lost her job working in child care at the start of the recession. She decided to go back to school, earning a bachelor's degree in psychology.
Credit NHPR / Michael Brindley

As the recession took its toll on workers across New Hampshire, many decided to go back to school to weather the storm.

But the cost of college being higher than ever meant having to consider whether it was really worth the investment.

Amid a sea of job-seekers and potential employers, Angela Rodgers sits alone at a table at a job fair in Nashua.

She’s filling out another application.

Rodgers is a 35-year-old single mother and had been working in child care, but, like many, lost her job at the start of the recession.

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How We Work: 5 Years Later
5:16 pm
Mon November 18, 2013

Post-Recession Economy Will Likely Include More 'Underemployment'

Economic forecasts for New Hampshire have repeatedly predicted slow but steady job growth, for the US as a whole and for New Hampshire. A report last week suggested that the state won’t reach its pre-recession job level until spring of 2014.

But the number of jobs isn’t the whole story of how we work in New Hampshire, five years after the start of the Great Recession. Many workers who want full-time jobs can only find part time employment.

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