Staffing & Employment News
Jobs Up, Unemployment Rate Down, Bullhorn Up, Monster Down
The jobs report showed 176,000 jobs created in November, outdoing analysts’ forecasts of only 80,000. Private payrolls accounted for 147,000 of these new jobs. The unemployment rate dropped to 7.7%, a 4-year low. (more…)
This is a time to take a break, appreciate that which we have, enjoy our family and friends, and reflect on the possibilities in the universe.
Let us tell you what we are thankful for:
he growth and opportunities that Clean Tech and Information Technology sectors offer.
• According to the monthly index published by TechServe Alliance, the number of IT jobs increased by more than 7,000 month over month, rising to 4,064,500 jobs in October – that’s an increase of 2.2% over October 2010.
• The clean energy sector is growing at 8.3%. Annually from 2003 to 2010 solar thermal energy grew by 18.4%, solar photovoltaic power by 10.7%, biofuels by 8.9%, and over the last five years the wind energy industry saw 35% average annual growth.
Staffing & Employment News
Job growth improved more than expected in September. Payroll jobs advanced 103,000 in September despite government sector contraction – private non-farm payrolls gained a total of 137,000 in September, following a 42,000 increase in August and 173,000 in July. Friday’s employment report shows that the labor market is not quite as sluggish as earlier believed. (more…)
Winning the Tech Talent War
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…)
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…)