December 8, 2014
Tech Hiring Setting a Record, Overall Job Creation Big Too
Recruiting, Staffing & Employment News
Tech hiring remains very strong, with the bulk of November placements in the Network Security, Software Development, Disruptive Software, Digital Media / AdTech Platform, Cloud Hosting, Collaborative Software Development, and Social Music Connection Platform sectors. The most commonly hired positions included: Director of Sales, Product Managers, Test Automation Engineer, Senior DevOps Engineer, Linux Technical Support, Software Engineers, and Lead Front End Engineers.
Tech hiring may hit a record level according to the semi-annual national survey from Dice Holdings, Inc. 60% of hiring managers report the expectation of adding more professionals in the first half of 2015, which is four points higher than the mid-year survey and five more than November a year ago. Michael Durney, President and CEO of Dice stated in a press release: “Competition for talent is heating up, and as highly skilled professionals become more coveted, companies will need to create an action plan for when the perfect candidate chooses another job or ups the stakes and requests a higher salary before accepting the position.”
ADP’s report showing 208,000 private sector jobs created was a vast understatement of the BLS’s total nonfarm payroll employment increase of 321,000 jobs in November. Job gains were led by growth in professional and business services, retail trade, health care, and manufacturing.
The overall job market is positive too. US CEOs expect increased hiring, according to a quarterly survey from the Business Roundtable, but declines in capital spending and sales. These CEOs anticipate 2.4% economic growth in 2015, the same as they forecast for 2014. “The economy ended the year essentially where it started – performing below its potential,” stated BRT Chairman Randall Stephenson, Chairman and CEO of AT&T in a release on the website.
September 8, 2014
Tech Dog Days of Summer
Recruiting, Staffing & Employment News
End of summer tech hiring was strong in sales and marketing as well as development. Redfish staff reported that the majority of hiring was for Senior Account Executives, a Director of Marketplace Growth, and an Artist Relations Manager on the S&M side. Tech hiring was predominantly for Backend Engineers and Serving Software Engineers, and a Technical Product Manager. The tech sectors with the strongest hiring in August were: IT Agility Applications, Wireless Digital Health Technology and Wearable Health Technology, Social Media Platform, and Social Music Connection Platform.
The DICE midyear hiring survey highlights the low unemployment rate for tech professionals, it is about half that of the overall job market. And the unemployment rate for some tech positions are especially low, for example 1.1% for network architects and 1.2% for database administrators. “These meager numbers will fan recruiting battles (more…)
August 4, 2014
Technology Goods & Services Driving Trade
In July recruiting and hiring activity revolved around senior roles: Senior Account Executives, Senior Product Marketing Manager, Technical Marketing Manager, DevOps, and Senior QA Engineers. The primary hiring occurred by companies focused on Semantic Intelligence Software, AdTech Platform, Customer Loyalty/Retention Technology, Game Development Technology, and CRM for Google Apps.
The American economy revved up the second quarter with GDP hitting a seasonally adjusted annual rate of 4.0%, according to the Department of Commerce. (more…)
December 9, 2013
Recruiting, Staffing & Employment News – December 2013
November’s Business Floating in the Cloud!
Redfish Technology, Nationwide High Tech Recruiters, placed sales professionals and software developers in cloud related sectors in the month of November. With Virtual Testing, Data Sync, Hosting, and SaaS Migration showing the most hiring activity.
According to TechServe Alliance, the national trade association of the IT & Engineering Staffing and Solutions industry, IT employment grew for the 26th consecutive month. In fact, on a year-over-year basis, IT employment grew by 5.53% since October 2012 adding 236,200 IT workers. Engineering jobs also grew again in October, adding 36,600 engineering workers on a year-over-year basis since October 2012 (+1.50%).
The latest Federal Reserve Bank of Philadelphia forecast shows little change for the U.S. economy outlook. Real GDP is expected to grow at an annual rate of 1.8 percent this quarter, down from the previous estimate of 2.2 percent. Looking ahead to next three quarters, the Federal Reserve anticipates 2.1% average GDP growth.
The Jobs Report showed that private payrolls increased by 196,000 (beating expectations of 173,000). This follows gains of 214,000 in October. The unemployment rate dropped to 7.0 percent from 7.3 percent in October (also better than expected). Growing sectors included the goods-producing jobs (+44,000), professional and business services (+35,000), retail trade (+22,000), manufacturing (+27,000), and construction (+17,000).
May 6, 2013
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Recruiting, Staffing & Employment News – May 2013
Numbers are okay
Employment growth was up over last month, the economy grew 2.5%, unemployment numbers are down to 7.5%, so far so good, the big numbers are looking okay.
Dialing down, job growth was mostly driven in the professional and business services (+73,000), food services and drinking places (+38,000), retail trade (+29,000), and health care (+19,000) sectors.
In April, Redfish Technology’s main placement growth was in mobile video advertising, mobile financial services, mobile application tools, and enterprise content management.
In tech hot spots, such as Silicon Valley, there’s intense competition for tech talent; at the same time there is reluctance to change jobs by many in the sector. “Staffing firms in the technology space are definitely very active today,” said Scot Melland, chairman, CEO and president of Dice Holdings, “and they’re seeing their businesses do pretty well.”
CareerXroads did a source of hire survey recently that shows that as we pull out of the recession, the largest U.S employers report growing usage of retained and contingent recruiters, especially with the harder to fill roles. In 2005, reportedly 5.2% of jobs were filled by external recruiters, compared to 2.3% in 2009 and now at 3.1% in 2012.
The survey further reports that at 24.5% the biggest percentage of external hires comes from referrals; that is the lowest percentage since 2001. In 2011, the companies in the survey said 28% of their external hires were the result of referrals.