Hiring remains sluggish, but at least most companies are in a party mood.
More than 83 percent of companies are planning a holiday party this year, according to a recent survey of human resource executives. That’s up from 68 percent in 2011, but still lower than the 90 percent who partied in pre-recession 2007.
The survey by consulting firm Challenger, Gray & Christmas found that 10.3 percent of the companies surveyed are having a holiday party after one or more years of not partying. Seventeen percent of the companies said they will spend more on this year’s holiday party than they did in 2011.
What a difference a year makes. The University of Tennessee’s full-time Master of Business Administration program is among the best MBA programs in the country, according to Bloomberg Businessweek’s recently released 2012 rankings.
UT’s program is No. 60 overall and No. 26 among U.S. public universities that offer full-time MBA programs.
Last year UT did not make the rankings.
“The Businessweek ranking recognizes the overall quality of our full-time MBA program and reflect’s the program’s contribution to the university’s goal of becoming a Top 25 institution,” Annette Ranft, associate dean for academic programs at the UT College of Business, said in a news release.
Challenger’s annual two-day job-search call-in is scheduled Dec. 27-28 from 10 a.m. to 6 p.m. EST.
The telephone number is 312-422-5010.
The Chicago consulting firm will suspend regular operations during the call-in period “so that its staff of professional counselors can provide free job-search advice to callers from across the country,” the company said in a news release.
The Tennessee Valley Authority paid a new high of $579 million in tax equivalent payments in fiscal year 2012, a $49 million increase over fiscal 2011.
The biggest chunk – more than $354 million – was paid to Tennessee governments.
TVA pays tax equivalent payments to state and local governments in the states where it sell electricity or owns power plants and other assets.
“These funds provided by TVA play a significant role in the continued economic development, improved quality of life, and strong community growth across TVA’s service region,” outgoing TVA President and CEO Tom Kilgore said in a news release. “The payments also are an important part of TVA’s mission to help the consumers we serve every day.”
Scripps Networks Interactive is losing its chief legal officer and the head of its government affairs office in Washington, D.C.
A.B. Cruz III said he will leave the Knoxville-based lifestyle media company effective Dec. 14, the company said in a news release. Cruz, a rear admiral in the the U.S. Navy Reserve, is leaving “to allow greater flexibility in fulfilling his military responsibilities,” the company said.
On Oct. 1, Cruz started work with the Navy Reserve as deputy director of maritime operations at U.S. Fleet Forces Commaind in Norfolk, Va.
The University of Tennessee Vol Court business pitch competition has a social media twist this year.
For the first time the winner will be chosen by a vote of Facebook users.
Voting has started and ends at 11 p.m. on Nov. 13.
At stake are cash prizes, office space and consulting services from Pershing Yoakley and Associates and mentoring services from the College of Business Administration’s Anderson Center for Entrepreneurship and Innovation.
Analysts are looking for media company E.W. Scripps to report a turnaround from a year ago when it releases its third quarter financial statement on Friday.
Scripps, the parent company of the Knoxville News Sentinel and the Memphis Commercial Appeal, is expected to report a profit of about 9 cents per share compared to a loss of 9 cents per share in the third quarter last year.
Revenues are projected to be up about 27 percent to $214 million for the quarter.