NEW ACT FOR WALL STREETERS

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NEW ACT FOR WALL STREETERS Powered By Docstoc
					NEW ACT FOR WALL STREETERS
Jessica Marquez
Workforce Management; Apr 6, 2009; 88, 4; Docstoc
pg. 1




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Description: With the recent outcry over bonuses for financial workers on Wall Street, it might seem that the last thing they need is a helping hand. New York City officials disagree. Despite the large salaries and bonuses, city officials recognize that if these workers leave the region, the city could be devastated. In February New York mayor Michael Bloomberg announced 11 initiatives to address this problem. Among these programs are retraining courses to help displaced financial services workers set up their own businesses. For years, retraining programs have been gaining traction among blue-collar workers as more US manufacturing plants shut down, but New York's effort demonstrates that these initiatives are becoming just as important for professional services fields, experts say.
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