My Recruiting Blog

With the current state of the economy, any news about an employer hiring a large number of people is something to pay attention to. According to a recent press release, Sallie Mae, which handles student loans, will be creating approximately 2,000 jobs over the next 18 months.

These jobs will come about as a result of Sallie Mae transferring their overseas operations back into America. Many positions have been outsourced from a number of companies across the country in an attempt to save money on the cost of labor. Some analysts believe that Sallie Mae is retransferring the positions as part of an effort to garner good will from President Obama's administration.

Currently there is a budget proposal that may take away business from Sallie Mae. If the budget for 2010 is approved, the loans handled by the company, which is formally known as SLM Corp., would be transferred to a program run by the Department of Education.

Sallie Mae announced on April 6th that hiring for the new jobs would take place over the next 18 months, ending in October of 2010. The positions will be at the company's call centers and its information technology and operations support facilities, which are located across the country.

"The current economic environment has caused our communities to struggle with job losses," said Sallie Mae's chief executive Albert Lord in a recent statement. "They need jobs, and we will put 2,000 of them into U.S. facilities as soon as we possibly can."

It has already been determined that a large number of these positions will be going to one Pennsylvania county. Approximately 600 of these jobs are scheduled to go to the company's facilities in Wilkes-Barre, Pennsylvania.

"This is great news for northeastern Pennsylvania," said Pennsylvania State Senator Bob Casey in a recent press conference, according to the Associated Press. "With the U.S. unemployment rate at 8.5 percent, it is about time we have some 'in-sourcing'. I hope that more companies that sent jobs overseas will follow Sallie Mae's example and bring jobs back to the United States."

At this time, it is not known where exactly what overseas operations the positions will be pulled from or how exactly these areas will be effected by their loss.

Over the next 18 months, Sallie Mae expects to receive a large number of applications for the new positions. With so many across the country trying to find work, these new jobs will attract a lot of attention. Because of this, those hoping to apply for one of the positions should begin following where they will be going and looking into the application process.

Labels: Jobs