May 6, 2013
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.
April 8, 2013
Recruiting, Staffing & Employment News – April 2013
Slow Spring It Would Seem
In March, Redfish Technology hit its 20,000th job order and reported high tech has been especially hot in the e-learning, software-as-a-service, cloud, disruptive software and gamification sectors.
The development side of hiring has been predominantly for product managers, quality assurance and delivery managers, and on the sales and sales support side for managed services, account executives, and client services engineers. (more…)
March 14, 2013
December 31, 2012
Resolve to Hire the Best Talent in 2013!
Hiring Advice from the Experts at Redfish Technology
Human capital, the most important asset of most companies, comprises the totality of competencies, knowledge, social and personality attributes, and creativity, embodied in the employees’ ability to perform labor so as to produce economic value.
Recruiting the right talent to advance your company’s mission and goals requires finding the right fit for these myriad of considerations. As the demand for leading talent continues to increase, there is more competition over top talent. Companies that are winning at attracting and on boarding the best talent are those who survive and thrive.
The recruiters at Redfish are in the trenches everyday with hiring managers and their teams, and with passive and active candidates, putting together winning combinations. Based on their in-depth experience building out teams, here are their suggestions for hiring managers in 2013.
The Top Resolutions every hiring manager should make in order to hire the best talent!
“Identify 6 to 10 traits you’re looking for in a candidate and then narrow it down to 4 “must haves”. (more…)
September 10, 2012
Staffing & Employment News
While ADP projected a gain of 201,000 private payrolls last Thursday, the very next day the BLS employment data reported that only 103,000 private sector jobs were created. The anemic jobs report begs the question of whether the Fed will start another round of easing. (more…)
August 6, 2012
Staffing & Employment News from Redfish Technology
Double last month’s numbers
Payrolls rose 163,000 (private payrolls 172,000), over double last month’s increase. Government jobs fell by 9,000, construction fell by 1,000. The good-producing sector added 24,000 jobs, the service-providing sectors 148,000, and manufacturing 25,000. Temp jobs rose by 14,000.
The numbers came in a bit better than expected overall as companies hire at a modest pave. Nonetheless the unemployment rate went up incrementally from 8.2 to 8.3%,
While the Fed was discussing more quantitative easing, the Dow Jones reacted favorably to the jobs report.
The staffing industry lost 43,600 jobs (down 1.7%) from June to July according to the BLS, year over year however the industry has grown headcount by 10.9%. Recruiting trends are cyclical and July tends to be a slower month for hiring.
Additional reading …
Pace of Hiring Rose in July, but Jobless Rate Ticked Up
U.S. Stocks Halt 4-Day Slump After Employment Report
June 4, 2012
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…)
April 8, 2012
Spring is a joyous time.
Spring is a time of ideas of rebirth, renewal and regrowth. So dig out your festive clothes, renew your connections with folks, re-write your resume, and have some fun.
Happy Spring from the good eggs at Redfish Technology!
March 5, 2012
Republished with permission from the UBM Midsize Enterprise Strategies February 2012 Newsletter strategy section.
Finding And Hiring The Right IT Staff
By Alicia Stein
Many middle-market CIOs lack the resources—staff and budget—to fulfill all of their organization’s IT initiatives. Even though the last recession displaced millions of workers, it still remains difficult for CIOs to find individuals with the right mix of talent and skill. (more…)
December 6, 2011
‘Tis the Season … for quitting your job!?
By Jonyt Meyer, guest contributor
If you aren’t happy in your job, or your organization suffers from retention issues, this may be worth reading.
For the first time in years I find myself foregoing a tradition that has for me been a very valuable career drill. Each year as the Holiday season approached, I would sit down and create a Pros/Cons list, the list covering considerations for remaining with or moving on from my current company. Instead of using this to drive a year end career decision, it was meant to remind me of the positives while creating a “to-do” list for the year to come. My intent being that if I was ever incapable of significantly improving the cons list based on my to-do activities, that would be my indicator that it was time to move on to new opportunities. (more…)
November 14, 2011
Streamlining the Hiring Process for Success
By Beth Cliff, High Tech Engineering Recruitment Manager
Fourth quarter hiring is in full swing, and candidates are actively and selectively interviewing. On average, the hiring process from the time a resume is submitted to offer and acceptance is 7-10 days, and the majority of candidates we are placing, roughly 85%, are currently in full-time roles while looking for their next opportunity. One key to successfully hiring the most qualified candidate for your organization is having a streamlined hiring process. Be sure that everyone who will be involved in the hiring and decision making is available and committed to the process. (more…)
September 5, 2011
Staffing & Employment News
Friday’s BLS economic report clearly shows that momentum in the labor market has stalled: nonfarm private payrolls increased by a meager 17,000, but as government payrolls declined by 17,000 the net job creation for August was nil. This is the lowest increase in private payrolls since February 2010, and the 4th consecutive month of weak growth. In the last consecutive 18 months, the economy did add 2.4 million private sector jobs.
What is the problem?
The pundits cite: The Verizon Communications strike that caused decline of approximately 45,000 in nonfarm payrolls last month. The recent federal debt ceiling debate fiasco, the S&P downgrade, and the stock market debacle of August. The Conference Board Consumer Confidence Index published for the month also showed a sharp decline. The lack of demand is by far the largest problem, leading to this slow pace of hiring, especially in small firms in “core” services. And yet, thankfully, for the moment layoffs have not picked up.
Staffing Professionals Predict
Staffing organizations and recruiters seem to have a more optimistic projection. (more…)
August 22, 2011
August 18, 2011
July 14, 2011
Market and Talent Competition Heating Up, Redfish Introduces Webinar on Closing Candidates in a Hot Job Market
“As the market heats up, candidates no longer go months without returned phone calls, but rather, quite the opposite,” reports Executive Recruiter Joanna Edwards. “With a positive shift in the economy comes a new set of challenges that hiring managers must be prepared to combat.”
Closing Candidates: A How To in a Hot Job Market
As a corporate matchmaker, it is Redfish’s mission to help companies find their ideal candidates. In response to changing market conditions, Redfish has been advising companies on evolving talent acquisition strategies. The dialogue continues in the first of a new series of webinars for hiring managers in the High Tech and Green Tech industries: “Closing Candidates: A How To in a Hot Job Market.”
July 11, 2011
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…)
April 4, 2011
Staffing & Employment News
Gaining Traction, Momentum Continues
We had good news on the hiring front last week as the Association of Executive Search Consultants proclaimed 2010 to be the “Year of Resurgence” and the Business Roundtable’s first quarter 2011 CEO Economic Outlook Survey anticipated higher sales, increased capital expenditures, and additional hiring over the next six months, as well as a predicted real GDP growth at nearly 3% in 2011.
The Jobs Report backed up this optimism last week; March’s payroll employment gained 216,000, higher than the 200,000 predicted. January & February revisions were also higher by 7,000. While this is below the approximately 300,000 jobs needed on a monthly basis for significant impact on the unemployment rate over the next 5 years, it does surpass the 150,000 needed to keep pace with population growth. (more…)
March 2, 2011
Determining Market Worth
By Beth Cliff, Executive Recruiter, High Tech Engineering Talent Manager
Knowing what you are worth in the marketplace, or determining how to compensate a prospective employee can be a daunting proposition. Candidates want to obtain the optimum salary, while employers want to fairly compensate their new hires within their allotted budgets. The magic number that will leave both sides feeling good about their decision is in large part determined by the ever changing marketplace.
Over the past couple of years, I have seen some interesting trends in the marketplace. It’s no secret that finding your dream job, and corresponding compensation, the past few years hasn’t been easy. Many talented professionals found themselves unexpectedly looking for new roles. (more…)
February 9, 2011
Bernanke Weighs In, CEOs Too
Growing Optimism on the Hiring Front
The Los Angeles Times reported today that:
The Fed chief also gave a somewhat more positive assessment of the employment situation, after last Friday’s report showing the nation’s unemployment rate falling to 9% last month from 9.4% in December and 9.8% in November.
He said: “Notable declines in the unemployment rate in December and January, together with improvement in indicators of job openings and firms’ hiring plans, do provide some grounds for optimism on the employment front .
In spite of this week’s conflicting short term data, we should be celebrating that the U.S. unemployment rate dropped unexpectedly to a low unseen since April 2009: 9%. Better yet, numerous surveys and CEO reports are optimistic: the outlook for 2011 is to refocus on innovation, competition, and hiring .
Redfish Technology reports surging demand in Software as a Service and Cloud Computing as well as Solar and Clean Tech companies, “From VP of Sales in high tech positions to PV Project Engineers, (more…)
February 4, 2011
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