August 29, 2011

Winning the Tech Talent War, by Andy Nacsin, Executive Recruiter at Redfish Technology

Winning the Tech Talent War

Andy Nacsin

Andy Nacsin

by Andy Nacsin, Executive Recruiter 

In today’s economic situation, companies are facing multiple new challenges when it comes to staffing.  According to Forrester Research, today’s recruiting growth rate prediction is at 8%.  Many theorists believe that this is because of the looming talent shortage and disconnect between positions open and skills of candidates applying.  Another factor is that companies, while emerging from recession, are still remaining cautious on spending and are very selective when acquiring talent, regardless of their growing need to add headcount.  Our nationwide overall unemployment rate has been hovering around 10%, and yet when we take a closer look within technology these numbers are closer to 4%.  Other considerations that are affecting this climate are employee turnover, Baby Boomers retiring, more restrictive policies on foreign workers, companies resistant to relocation costs, and overall reluctance from employees to change jobs.  So our challenge is how to cope with a growing talent shortage within the high tech and green tech industries.

The battle for top sales people and engineers is extraordinary in Silicon Valley and New York – These are our Talent War battle zones.  The majority of technology growth occurs in these two large geographic regions and they also typically house the greatest number of top tier talent.   (more…)

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August 22, 2011

Prioritizing Human Capital, By James Kim

Prioritizing Human Capital

By James Kim

Despite the importance of the small business employee in a company and the American economy in general, the study and a strategic awareness of human capital has been neglected in many business services. However human capital management (HCM) should be a priority for companies. 

Recruitment

  • Build a presence: Create a website that communicates company goals and ideals and always update your website’s content. The first place a prospective employee is going to look when applying is your website.  (more…)
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August 18, 2011

Salary Negotiation – Tips You Can Use In Any Job Market

Salary Negotiation – Tips You Can Use In Any Job Market

Shannon Tinker

Shannon Tinker

By Shannon Tinker

The ‘how to’ of negotiating salaries has likely been a hot topic since the invention of employment. In reality, there are no hard and fast rules for determining salary and an Internet search on salaries can sometimes prove helpful and other times is sadly, misleading. (more…)

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August 9, 2011

To Counter Offer or Not to Counter Offer? Part 2

To Counter Offer or Not to Counter Offer? Part 2

In part one of this article, we considered the costs of recruiting, hiring, and training as well costs of a bad hire and the opportunity costs involved when a valued executive’s departure leaves the company in the lurch. Can you avoid this hassle and extra cost? Should you making him a counter offer and keeping the team intact, the projects on time, the sales meeting on track, the product launch as planned?

(more…)

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August 8, 2011

Jobs Growth Anemic, yet Senior Talent in Shortage in Certain Sectors

Jobs Growth Anemic, yet Senior Talent in Shortage in Certain Sectors

ADP/BLS

Leading up to the BLS employment report on Friday, ADP estimated private payrolls rose 114,000 in July. The BLS figures came in 117,000 nonfarm employment and 154,000 in total private employment. Gains were seen in health care, retail trade, manufacturing, and mining; while Government employment continued to decline. Manufacturing employment increased in by 24,000, professional and technical services increased by 18,000, Government employment decreased by 37,000. The unemployment rate stayed put at 9.1% (13.9 million people).

AESC / Executive Search

According to the Association of Executive Search Consultants’ (AESC), 66% of search professionals have a positive prediction for their industry in the second half of the year.  The biggest growth in demand for senior talent is in the Energy/Natural Resources sector. The United States is experiencing a “sustained resurgence of demand” according to AESC President, Peter Felix. Worldwide, the General Management/CEO/COO functions are anticipated to experience the greatest shortage of talent, followed by Business Development and then Engineering. (more…)

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