June 4, 2012

Big Disappointment in the Jobs Numbers this Month.

Staffing & Employment News

Big Disappointment in the Jobs Numbers this Month.

At half of what was expected, the U.S. added only 69,000 jobs in May.

 

The pace of hiring slowed sharply, and the weakness was across the board. Some economists attribute this to employers taking the sideline in the midst of economic uncertainties in Europe and fears of a global slowdown.

 

March and April were both downwardly revised by about 50,000 jobs. Unemployment rate rose for the first time in almost a year, to 8.2 percent from 8.1 percent.

 

This month marks the third year since the Great Recession officially ended. And yet, we have a net of 5 million jobs less than we did in December 2007.

 

That said there are sectors that remain strong and optimistic. (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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July 11, 2011

Staffing & Employment News from Redfish Technology

Staffing & Employment News

Gloom and confidence, contradictory predictions on hiring and profits

 

Gloomy employment report numbers a surprise

The Employment Report for June has been called “moribund” and “abysmal”. On the eve of the report however, ADP predicted month-to-month strength in private payroll data, estimating a 157,000 gain. Other analysts also predicted better gains, projecting 125,000 in June. Instead, the BLS reported private payrolls at 75,000 and overall nonfarm payrolls at 18,000 due to declines in government sector employment (39,000 in June, 48,000 in May).

Confidence down despite projected rise in profits

The Conference Board measure of CEO Confidence dipped in the second quarter to 55, after rising in Q1 to 67. Lynn Franco, Director of The Conference Board Consumer Research Center said: “CEO confidence cooled considerably in the second quarter, a reflection of a sluggish U.S. economy. Looking ahead, expectations are that this slow pace of economic growth will continue. Regarding the outlook for profits over the next 12 months, the news was a bit more favorable, with about 70 % of CEOs anticipating profit increases.”  (more…)

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February 4, 2011

Companies Refocus on Innovation, Competition, Hiring

Staffing & Employment News:

Companies Refocus on Innovation, Competition, Hiring

Despite uncertainty, companies are refocusing on innovation, and hiring to gain/keep competitive edge. CEOs and search consultants express confidence in 2011. The biggest risks remain the recession, but talent acquisition may also be a challenge.

The latest short term data is in today. Despite a smaller gain than anticipated in payrolls, the U.S. unemployment rate dropped unexpectedly to a low unseen since April 2009: 9%. Short terms data aside, the outlook for 2011 is to refocus on innovation, competition, and hiring.

The 14th Annual Global CEO Survey [1] shows that CEOs are aiming at immediate growth and a big jump in revenue growth prospects over 2011. Confidence levels are rising across the board with more companies anticipating growing their payrolls than they did in 2010. According to the survey, as hiring plans gear up, a shortage in talent is becoming more apparent; two-thirds of CEOs believe they’re facing a limited supply of skilled candidates. (more…)

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February 5, 2010

What is my return on investment when using a head hunter?

 

What is my return on investment when using a head hunter?

That is a good question!

How do you quantify the time and manpower employed to locate top talent with the best company fit?

If you are in a smaller company, you probably have to invest you own time, time that you are not working on your business objectives, or you may have an administrative or junior colleague trying to understand the experience and skills you need and balance their own job duties.

If you are in a larger company, you may even have an HR or internal recruiter. What is often missing is the ability to access top talent, across industry segments, whether from competitors or partners. One way to put a number on it is to ask yourself what you could have accomplished during the time you were looking for the right person, and how much time you spent with a potential candidate who didn’t meet your hiring objectives.

Redfish Tech is a nation-wide recruiter. We specialize in High Tech and Renewable and Alternate Energy sectors.

We have 15 years of experience and extensive networks in these industries. We can pull talent from all across the continent, and locate the right person quickly. We qualify candidates in terms of both experience and skills, and as regards company cultural fit.

We partner with companies to streamline the process and get the right person within your time frame so that you can focus your time and energy on your core competencies. Redfish has access to top talent who may not be actively looking for a job, and we often are the first to know when experienced people have started looking for their next opportunity to contribute to a new company.

We partner with you and put our extensive recruiting experience to work for you.  We undertake the advertising, perform background checks, keep you informed as to job market conditions, and offer salary and benefit recommendations based on industry trends.

We work on a retained or contingency basis, depending on the needs of your company and the difficulty of filling the position. A partnership with Redfish gives you a greater competitive edge and improved bottom line. Now that is worth taking to the bank.

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