Staffing & Employment News: Gaining Traction, Momentum Continues

Filed under: Employer, Recruiting, Staffing & Employment News

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. Read more »

Staffing & Employment News – Redfish Technology Monthly Newsletter

Filed under: Recruiting, Staffing & Employment News

Staffing & Employment News

Respectively Healthy Improvement

Before the revolutions started driving oil prices up, there was some heady optimism. It persists despite the anticipated impacts of expensive oil. Americans must be feeling optimistic, “auto sales reportedly rose 27% in February”, NPR reported, “as the economic recovery continued and consumers felt more comfortable taking on a car payment.”

The jobs report today showed a “respectively healthy gain” for the month of February, at 192,000, and December and January revisions were up a net 58,000. Professional and business services, health care, transportation & warehousing, construction, mining, and manufacturing all showed increases. ADP estimated yesterday that February’s private payrolls increased by 217,000 (a little higher than today’s report), and the Monster employment index went up 7 points to 129 in February with a sharp pick-up in online job recruitment. Read more »

Bernanke Weighs In, CEOs Too – Growing Optimism on the Hiring Front

Filed under: Recruiting, Staffing & Employment News

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 [1].

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 [2].

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, Read more »

Companies Refocus on Innovation, Competition, Hiring

Filed under: Employer, Human Resources / Capital, Recruiting, Staffing & Employment News, Talent Acquisition

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. Read more »

Staffing & Employment News

Filed under: Recruiting, Staffing & Employment News

Staffing & Employment News – Optimism and Hiring over next six months

Recruiters are often called a bellwether of the economy, and as such we’d like to share good news with you. Redfish Technology more than doubled our production in 2010 and we look forward to a strong year ahead.

According to ExecuNet, two-thirds of executive recruiters anticipate more management talent over the next six months in spite of the continued measures to contain corporate headcount. ExecuNet wrote in a press release that in December that their “benchmark Recruiter Confidence Index revealed that 66 percent of 144 responding executive recruiters are “confident” or “very confident” the executive employment market will improve over the next six months, up five points from November and the highest confidence registered since the second quarter of 2008.” Read more »

Optimism about Growth and Employment Evidenced in Recent Reports, Surveys

Filed under: Recruiting, Staffing & Employment News

Optimism about Growth and Employment Evidenced in Recent Reports, Surveys

CEOs and NFIB surveys show growing optimism: higher sales anticipated, plans for hiring and capital expenditures.

Jobless Claims

New unemployment claims continued to decrease reaching an anticipated 420,000 this week. The four-week moving average has improved for the sixth week in a row and continuing unemployment claims also have come down, a good sign of payroll growth. Read more »

NFIB Small Business Trends – October 2010

Filed under: Jobs/Employment, Tech Trends

NFIB Small Business Trends

October 2010

By William C. Dunkelberg & Holly Wade

 

The National Federation of Independent Business has published the quarterly survey on Small Business Economic Trends. It provides informative data on hiring projections, credit, inventories, capital expenditures, and profits. The Index of Small Business Optimism gained 0.2 points in September hitting 89.0; however the Index remains in recession territory. The October report includes a commentary section that does not mince words.

From the October Report:

COMMENTARY

Members of Congress fled with no action on important issues like expiring tax rates, leaving the cloud of uncertainty larger and darker. In response, consumer sentiment fell and owner optimism remained anchored solidly in recession territory. Thus, spending stayed in “maintenance mode”, deterioration of jobs continues, and capital spending remains at historically low rates. Owners won’t make spending commitments when sales prospects remain weak and important decisions such as tax rates and labor costs remain so uncertain. Read more »

High Tech Job Trends, October Newsletter from Redfish Technology

Filed under: High Tech / IT / Software, Industry Info, Jobs/Employment, Tech Trends

High Tech Job Trends

The technology sector has been a dynamic industry but it too has suffered during the recession.

Despite soaring profits this year, high-tech companies have been slow to hire, salaries have stagnated, as have training and career growth. Employment growth in computer systems design and Internet publishing has been weak over the last year, and employment has fallen in fields such as data processing and software publishing. The unemployment rate for computer scientists, systems analysts and computer programmers was around 6 percent in the second quarter of this year. While this is looks good compared to manufacturing, it is not so great as compared to other white-collar professions. Read more »

Staffing & Employment News, Redfish October Newsletter

Filed under: Candidate / Job Seeker, Employer, Recruiting, Staffing & Employment News

Staffing & Employment News

from the Redfish Technology October Newsletter

C-Level Confidence:

There is growth in hiring in the private sector. The third quarter Vistage CEO Confidence Index survey showed the level of confidence up for the 7th consecutive quarter. Reportedly 46% of CEOs plan to expand their workforce in the 3rd quarter survey, up from 39% a year ago. According to the latest survey by CareerBuilders and USAToday, 21% of employers plan to hire in the fourth quarter. Last quarter 25% of employers reported adding to headcount, and the previous two quarters of 2010 also saw improvements both in sequential and year over year hiring. While a lot of the hiring is for impermanent positions, many employers plan to transition workers to permanent positions. According to the survey, the positions most likely to be hired for contract or temporary staff in the last quarter of 2010 are: IT (27%), Administrative (25%), Engineering (12%), Finance and Accounting (12%), Sales and Marketing (10%), and Creative & Design roles (9%). The American Staffing Association’s staffing index rose to the highest level in two years. Hitting a reading of 100 in the week of Sept. 20th, this is the first time since May 2008 that the index has reached 100. Read more »