Visions of corporate leadership and more zeros on a paycheck can help an entry-level employee survive the workdays. It’s the “paying your dues” and “work hard” mentality that keeps employees on the lower rungs of the corporate ladder motivated for more. For someone who dreams of being CEO, how can you sprint to the top rungs of the ladder, rather than climb? (more…)
March 24, 2014
August 8, 2011
Jobs Growth Anemic, yet Senior Talent in Shortage in Certain Sectors
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…)
March 31, 2011
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.
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December 8, 2010
What is it?
In preparation for closing out the year and starting fresh with New Years resolutions and a new lease on life, we reviewed copious amounts of literature on work/life balance. This is really a subjective and amorphous little topic that gets a lot of mileage out there. But what is it really? And how do you get there? (more…)
July 1, 2010
The Job Market is Soft But Growing
While overall employment fell in June for the first time this year (largely due to the winding down of the federal census employment), private employment (exclusive of government jobs) increased for the 6th month in a row. ADP reports the addition of an estimated 13,000 workers to private payrolls in June, indicating slower job growth than expected. The Commerce Department revised the GDP to 2.7% from 3%, however CEOs and staffing companies see hiring increased.