March 31, 2011

Good News on the Hiring Front

Staffing & Employment News

Good News on the Hiring Front

2011 continues to get busier. Following a great 2010 in which Redfish Technology Inc. more than doubled our revenue, we are enjoying a very strong first quarter. This rebound is being felt within the recruiting industry and American businesses in many industries.

The Association of Executive Search Consultants proclaimed 2010 to be the “Year of Resurgence” for Executive Search Industry. Their end of year report released in March indicates that Senior Executive Recruiting is at the third highest level ever as the demand for senior talent rebounds. While 2009 saw a contraction of 32.5%, in 2010 the industry is reported to have grown by 28.5%. According to AESC this only 13% below the industry climax of 2008.

Peter Felix, President of the AESC, stated that “Leadership today is at a premium since organizations cannot ignore the challenges of new competition, evolving technology, industry convergence and globalization. Finding and attracting the superior executive talent able to manage change of this magnitude is an investment process of the highest order and requires optimum professional help.”

The Business Roundtable’s first quarter 2011 CEO Economic Outlook Survey was released yesterday with an equally exciting prognosis. CEOs of America’s leading companies are reported to anticipate higher sales and plan to increase capital expenditures and employment over the next six months. These top executives collectively estimate real GDP growth at nearly 3% in 2011.

“With today’s survey results, the last three quarters have shown steady improvement in the CEO economic outlook. Our CEOs see momentum in the economy over the next six months, with increased demand fueling greater investment and job creation,” said Ivan G. Seidenberg, Chairman of Business Roundtable and Chairman and CEO of Verizon Communications. “This shift continues a trend as reflected in recent employment data, with the private sector leading the way in creating more jobs.”

ADP’s preliminary private payroll count for March indicates 201,000 jobs were added; actual February payrolls rose 222,000. Look for the Employment Report this Friday.

The Redfish Monthly Industry newsletter will be out next week. Subscribe today and get news and articles on staffing & employment, industry trends, HR best practices, career advice, guest & recruiter perspectives.

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March 30, 2011

The Dirty Dozen: 12 Manager Mistakes that Spark Lawsuits

Memo To Managers from the HR Specialist

The Dirty Dozen: 12 manager mistakes that spark lawsuits

Lawsuits by employees against their employers have grown tremendously in the past decade. Sometimes those lawsuits have merit, sometimes they don’t. But, either way, those lawsuits cost time and money to fight—money that is better spent on product development, training and raises.

Even worse, some laws—including federal overtime law and the Family and Medical Leave Act—allow employees to sue their supervisors directly, meaning a manager’s personal bank account could be at stake.

Most lawsuits are not triggered by great injustices. Instead, simple management mistakes and perceived slights start the snowball of discontent rolling downhill toward the courtroom.

Here are 12 of the biggest manager mistakes that harm an organization’s credibility in court. (more…)

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March 9, 2011

Things to Know Before Reviewing Your First Resume

Shannon Tinker

Shannon Tinker

Things to Know Before Reviewing Your First Resume

By Shannon Tinker

Hallelujah!  You’ve been given the green light to add employees to your team and not a moment too soon.  Your team has been in the trenches since the economy’s infamous downturn and despite your efforts, your hiring budget has remained nonexistent.  Your new hiring breakthrough is exciting and it’s tempting to start the candidate search ASAP.  Evaluating some key elements before jumping into the candidate pool with both feet can ensure a successful search, and minimize the level of frustration for you and your team. (more…)

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March 4, 2011

Staffing & Employment News – Redfish Technology Monthly Newsletter

Staffing & Employment News

Respectively Healthy Improvement

Before the revolutions started driving oil prices up, there was some heady optimism. It persists despite the anticipated impacts of expensive oil. Americans must be feeling optimistic, “auto sales reportedly rose 27% in February”, NPR reported, “as the economic recovery continued and consumers felt more comfortable taking on a car payment.”

The jobs report today showed a “respectively healthy gain” for the month of February, at 192,000, and December and January revisions were up a net 58,000. Professional and business services, health care, transportation & warehousing, construction, mining, and manufacturing all showed increases. ADP estimated yesterday that February’s private payrolls increased by 217,000 (a little higher than today’s report), and the Monster employment index went up 7 points to 129 in February with a sharp pick-up in online job recruitment. (more…)

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March 2, 2011

Determining Market Worth, By Beth Cliff, Executive Recruiter, Redfish Technology

Determining Market Worth

Beth Cliff

Beth Cliff

By Beth Cliff,  Executive Recruiter, High Tech Engineering Talent Manager

Knowing what you are worth in the marketplace, or determining how to compensate a prospective employee can be a daunting proposition. Candidates want to obtain the optimum salary, while employers want to fairly compensate their new hires within their allotted budgets. The magic number that will leave both sides feeling good about their decision is in large part determined by the ever changing marketplace.

Over the past couple of years, I have seen some interesting trends in the marketplace. It’s no secret that finding your dream job, and corresponding compensation, the past few years hasn’t been easy. Many talented professionals found themselves unexpectedly looking for new roles. (more…)

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