VEGAS INC Magazine - Latest Las Vegas business news, features and commentaries about gaming, tourism, real estate and more
Issue link: https://www.ifoldsflip.com/i/64723
MAY 7, 2012 / YOUR BUSINESS-TO-BUSINESS WEEKLY EMPLOYERS/ EMPLOYEES SPECIAL FOCUS This month, VEGAS INC highlights the workplaces and employees. NEVADA STILL OWES FEDS $800 MILLION By Cy Ryan staff writer T he state government still about it borrowed to pay owes the $800 claims federal million to the unemployed during the recession but hopes to start paying it back soon. APPRECIATION: Executive Director James Kilber scoops ice cream to employees during a company party at Comprehensive Cancer Centers of Nevada last week. LEILA NAVIDI Reported levels of employee engagement and satisfaction have dipped over the past few years, but are on the PRODUCTIVITY A Maintaining happiness, loyalty among employees can lead to higher levels of success in the workplace By Conor Shine staff writer happy office environment has been shown both scientifically and anecdotally to lead to more engaged and productive workers, ultimately pushing companies to greater success. ¶ But workplace morale across Southern Nevada has been battered by the waves of layoffs, years of stagnant wage growth and general economic uncertainty brought on by the recession. ¶ rise again as the economy stabilizes. ¶ The effects of the recession have accelerated shifts in how people view their jobs, their careers and their loyalty to a particular company, but many of the fundamentals for building a workplace that retains workers and helps them succeed remain the same, experts say. SEE ENVIRONMENT PAGE 14 INSIDE TODAY KEEP 'EM COMING | P. 7 Numbers are on the rise at McCarran. LOST & FOUND | P. 18 Ever lost your cellphone? Bet you'd be troubled to know where it is today. THE LISTS | P. 20-21 This week: Advertising agencies and public relation firms in Southern Nevada. READY, SET, WIN. PECCOLE PROFESSIONAL PARK 10080 WEST ALTA DRIVE, SUITE 200 • LAS VEGAS, NEVADA 89145 HUTCHLEGAL.COM William Anderson, chief economist for the state Department of Employment, Training and Rehabilitation, said he doesn't see any additional borrowing. "I think it will hold steady. We're at the break even point," he said. Nevada has the highest jobless rate in the nation at 12 percent, with Rhode Island second at 11 percent, Anderson told the Governor's Workforce Investment Board on April 26. The Nevada unemployment rate was 4 to 5 percent before the recession started in December 2007 and 170,000 jobs were lost. An indication of the recovery of the state's economy is the number of new jobs reported last month, Anderson said. In March, there were 8,700 new jobs created, compared with 3,700 in March 2011.