Monthly Archives: March 2013

UT business college programs earn top ranking

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For the third straight year, master’s degree programs offered by the
University of Tennessee College of Business Administration are ranked among the
best in North America.

The dual master’s -degree program in engineering and
business administration and the master’s in human resource management were both
on¬†Eduniversal’s 2012-2013 ranking of
programs worldwide.

The HR degree program ranked 38th and
the engineering-business administration program ranked 40th

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More money in your pocket?

Does it feel like you have more money in your pocket?
CurrencyMaybe you do.
Personal income growth in Tennessee rose 3.9 percent in 2012, according to the latest data from the U.S. Bureau of Economic Analysis.
That was the 10th best state growth rate in the country and faster than neighboring states in the Southeast.
Tennessee also performed better than the nation overall. Nationally, “average state income growth slowed to 3.5 percent in 2012 from 5.2 percent in 2011, BEA reported.

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Workplace napping can boost productivity

Does your boss frown on workers taking naps at their desks?

Napping

Snoozing on the job is a no-no for air traffic controllers and
other critical jobs, but a growing number of employer see the value of
employees taking power naps at work, says global outplacement firm Challenger,
Gray & Christmas
.

The Society for Human Resource Management says the number of
workplaces with nap rooms rose slightly in 2011 and 34 percent of the companies
responding to a NationalSleep Foundation survey said they allowed
employees to take naps, according to a Challenger news
release.

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East Tenn. companies among Freedom Award nominees

Nine East Tennessee employers have been nominated for the Department of Defense 2013 ETP02.SY.jpgFreedom Award.
The award is the department’s highest recognition presented annually to employers for their support of employees serving in the Guard and Reserve.
Statewide, 39 employers were nominated for the award by their employees, according to Employer Support of the Guard and Reserve, a Department of Defense agency.
Nationally, 2,899 employers were nominated for the award.
East Tennessee nominees include Steel Plate Fabricators, Knoxville; Metropolitan Knoxville Airport Authority, Alcoa; Chattanooga Police Department; Girls Preparatory School, Chattanooga; Physicians Care, Chattanooga: Nuclear Fuel Services, Erwin; Eastman Chemical Co., Kingsport; Tennessee State Parks, Maryville; and Kysor Panel Systems, Piney Flats.

March Madness will cost companies $134M in ‘lost wages’

March Madness starts next week and that means productivity
will plummet as nearly one-third of U.S. workers will be watching basketball at
least three hours a day during work hours, according to an annual study by
global outplacement firm Challenger, Gray & Christmas

During the first two days of the NCAA Division 1 men’s
basketball tournament – when most games are played during work hours –
businesses will suffer at least $134 million in “lost wages the study says.

Not only will employees watch games during work hours, but
before the tournament begins , “people will be organizing office pools,
researching teams and planning viewing parties. 
When the games begin around noon, eastern time, on Thursday, many
companies will probably notice a significant drop in Internet speeds, as
employees start streaming games and clogging up the network’s bandwidth,” CEO
John Challenger said in a news release.

But will the annual hoops ritual really hurt the economy?
Will companies  feel the pain?

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‘What’s the Big Idea’ biz competition is back

The Knoxville Chamber’s “What’s the Big Idea” business plan
competition is back and this year it comes with  a dose of reality television.

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Borrowing an element from the hit TV show “The Voice” – a group
of successful entrepreneurs will coach contestants who make the semifinal
round.

Applications for the contest are now being accepted. Inventors,
entrepreneurs and anyone else with a “big idea” can click here to apply online at the chamber website.

The deadline to apply is April 8. The competition is
sponsored by the chamber, the Development Corporation of Knox County and Tech
2020.

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Jimmy Haslam makes Forbes billionaires list

Knoxville businessman Jimmy Haslam is No. 831 on the 2013
Forbes list of the world’s billionaires.

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The CEO of Pilot Flying J and owner of the Cleveland Browns
has a net worth of $1.8 billion, according to Forbes.

“Pilot is one of the country’s largest privately held
companies, with $29 billion in sales. He gets most of his fortune from his 35%
share of his family’s 59% stake in Pilot,” Forbes reports.

Some 1,426 names are on this year’s world list. Carlos Slim,
a telecom magnate from Mexico, is again the world’s richest man  with a net worth of $73 billion.  Microsoft founder Bill Gates is No. 2 with a
net worth of $67 billion.

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