With copious funding from corporate and venture-capitalists for commercialization, these research labs have made enormous contributions not just to technology but to the economy as well; including the creation of millions of high-paying jobs.

For example, Bell Laboratories (or Bell Labs) is the research and development organization of Alcatel-Lucent and AT&T. Their man-made marvels equally led to bringing better lives to all: invention of transistors, photovoltaic cell, Unix operating system, C++ programming, the first wireless local area network (WaveLAN), 56K modem, and the cellular technology. Without discovering such, where will the likes of Motorola, Xerox, or Cisco be? And where will we be without their mobile phones, photocopy and facsimile machines?

What started in the past continues today. America exported high-paying jobs to low-wage countries. We have stopped creating new high-paying jobs. But we should not underestimate the magnitude of creating more jobs. Outsourcing and extended recessions are not just the factors why there are stiff choices in the job market today. There is also the pressure of “value migration” or the the creation of new business models. What companies should realize is that economic situations like recessions should not overhaul how a company does business, but instead befit the situation to the company’s current needs. Again, you have to research and gather data before you lay-off employees. In fact, even in recession, there are companies that remain triumphant.

“Of the roughly 130 million jobs in the U.S., only 20% (26 million) pay more than $60,000 a year. The other 80% pay an average of $33,000. That ratio is not a good foundation for a strong middle class and a prosperous society. Rather than a demand engine, it’s a decay curve. As a nation, we have papered over our declining incomes by accepting the need for two incomes per household and by borrowing heavily, often against paper assets inflated by financial bubbles (dot-com and housing). In recent years, personal debt has grown much faster than personal income. In 1985 the ratio of household debt to household income was 0.7 to 1; in 2000 it was 1 to 1; in 2008, it was 1.7 to 1. We earned less, so we borrowed more. In 2007 we reached our limit.” — Adrian Slywotzky, a partner at management consultants Oliver Wyman, and has written books on profitability and growth (BusinessWeek).

A company’s success, so to speak, is driven by products or services widely appreciated and favored by the mass. When more people appreciates, more people buys and therefore create an exceptional contribution to the economic growth.

For instance, cars and petroleum boomed in the 1920s, movies and radio in the 1930s, appliances and television in the 1950s, pharmaceuticals in the 1960s, PCs in the 1980s, and the Internet and cellular technology in the 1990s. These era made exponential contribution to the economy as well as to those employed and job seekers.

So what about 2000? Alternative energy, biofuels? Green living? Nanotechnology? These are the words in the market, so why not these become a source of new employment to millions of job seekers. Why not fulfill the 15 to 17 million high-paying new jobs as estimated by economists. Do more research on these and maybe, it will materialize and thus will create more work for us all.

Not a very good example in this economy in US when 10% of population is with work and graduates who are passing out of college are finding themselves burdened with college loan and not in situation to pay that off.

Microsoft’s chairman Bill gates and its CEO Steve Ballmer said that tech sector will be able to recover from the current global recession and bringing new business and challenges which would be rewarding like never before.

Gates went one to say that “The drug companies will get back in high productivity mode” he also mentioned that the we are just at the start of the software, IT revolution.

Steve Ballmer also expressed faith in the Internet and its power to drive the business he said “”Some people probably think the Internet revolution is in the second half of the game. But I tell you, we are coming into halftime. The degree of change that will continue to come as essentially businesses and IT departments embrace the Internet, it’s unbelievable.”

Due to global recession Microsoft was also hit and last month it indicated a drop in sales figures. To cut its cost they laid off almost 5,000 employees worldwide.

Microsoft is optimistic and looking at a bright future since they have a lot of products lined up for release end of this year and next year, some of which are Windows 8, Office 2010, Windows Server 2008 R2, and Microsoft Exchange 2010..

Lets wish Microsoft all the best!!

In February 2009, Twitter had about 7.1 million users. It was a big growth from the last year. Some of the companies found this growth rate a great opportunity to recruit people for jobs.

In the recent news, we saw that two people from a digital advertising agency Organic said that they were using Twitter for their Job posting. He went on to say that “Once we have an opening that might be a fit for a Twitter friend, rather than making a cold call to a stranger, we can make a “warm tweet.”

Another important benefit is that there are no time constraints,and thus you can tweet a candidate at any point of time without disturbing their busy schedule.Thus making it very convenient.

To add to this Twitter is free unlike many Job Boards.:)

So lets “Tweet” away, and find the right candidate….

Aditya Birla Financial Services registered a 36% growth in its revenues in FY09 and is hiring aggresively.

The trend of recruiting during these times is more company-specific than an industry phenomenon.

In US the biggest employer is Federal government which has lot of posts still vacant. Health industry is another sector which had seen some aggressive hiring although it has slowed down this quarter.

This is smart moves by the company who have planned for growth in the long run. During these times , companies get a lot a choices and employees are also willing to compromise on the salaries.