Prioritizing Human Capital
By James Kim
Despite the importance of the small business employee in a company and the American economy in general, the study and a strategic awareness of human capital has been neglected in many business services. However human capital management (HCM) should be a priority for companies.
- Build a presence: Create a website that communicates company goals and ideals and always update your website’s content. The first place a prospective employee is going to look when applying is your website. Read more »
How can the Clean Economy be fostered and what is the potential?
In the midst of the ideological divergence and posturing in Washington, it is refreshing to see some clear numbers that point to positive impactful investment and jobs in the green economy. The Metropolitan Policy Program at the Brookings Institute recently published their report “Sizing the Clean Economy” which ask and answers “The question before us: at a time of economic uncertainty and federal polarization, can America’s cities and metropolitan areas lead the nation to a clean economy—to create jobs in the near term and retool and restructure our economy for the long haul?”
This report discussed three important findings. First, the clean economy is a significant emerging market in the U.S. Second, metropolitan areas are the innovators of the clean economy. Third, to fulfill the potential of the emerging clean economy, the entrepreneurial energy and dynamism of these metropolitan engines must be liberated. Read more »
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.” Read more »
Tech Talent Wars
Despite gloomy overall employment numbers, we continue to hear about the demand for technology talent. The talent war is in full force in places like Silicon Valley and New York City. Wired.com recently published an article showing the talent tug of war between top Silicon Valley tech companies like Google, LinkedIn and Facebook; there is a steady stream of migration between the big names. The article cites the competition for top sales people and engineers as “extraordinary”.
Silicon Valley has been experiencing strong tech sector job growth. The computer and electronic products manufacturing sector are approximately 70,000 jobs under the dot-com boom levels; but the smaller information sector (Internet service providers, web portals and data processors) exceeded the dot-com job level in May, with about 48,000 jobs. Tech hiring has extended beyond engineering to sales and marketing. Read more »
Hiring the Right Candidate:
Set Bait, Cut Bait
By Shannon Tinker
While staffing industry pros are acutely aware of the ins and outs of finding and closing candidates, I’d bet the rest of the world doesn’t spend much time contemplating the hiring process. In fact, during a candidate rich market, employers may land their dream candidate by skipping a bunch of hiring “steps,” including “the close.” But what happens when the market shifts?
An improving job market isn’t all roses and smiley faces. Simple supply and demand dictates, and unfortunately a flourishing job market also, lead to losing more candidates to competing opportunities. While tragic, some losses are unavoidable. Yet, other times a quick re-read of the “Closing Candidates 101” handbook may give you the upper hand.
Closing the right candidate really requires little or no sales ability whatsoever and is remarkably simple. Really. Read more »
Priority High Tech Jobs from Redfish Technology
This week’s top high tech career opportunities are in Software as a Service, Enterprise Software, Video Conferencing, Cloud Computing, Mobile Security, Modeling and Analysis Software, Routing/Switching, Back-up and Recovery. We are recruiting for Director of Sales, Sales Representatives, Product and Program Marketing, Software Engineers, UI Designers, Architects, Technical Support. Here are the top priorities of the week: Read more »
Redfish Technology Named a 2011 Leading Provider of Executive Search Firms and Staffing Agencies
Redfish Technology has been recognized in the Forbes “2011 Investment Guide” as a top recruiter out of more than 7,500 executive search firms and staffing agencies.
Leading Providers, a leading marketing and information services firm, notes that there are more than 7,500 executive search firms and staffing agencies in the United States. So that you don’t have to, Leading Providers conducted an in-depth, multi-month research process to identify leading firms. Read more »
Tech Visas Cooling Off
Mainly used in the software sectors, the H1 visas that used to require a lottery and be consumed within hours of release are no longer in great demand. A maximum of 65,000 H1 visas may be allotted annually. In 2008 the entire allotment of visas was exhausted in a matter of hours. In 2009, however there was a surplus, and demand continues to drop. In 2009, only 45,000 visas were issued, in 2010, 16,500, and in 2011 8,000. There are a variety of reasons for this plummeting demand: The lackluster recovery of US economy means less jobs and less promise for the future employment of a visa applicant. There is a thriving tech boom in many countries and many more opportunities back in China and India, where many visa applicants came from historically. Companies seeking employees needing H-1 visas are reticent to pay the higher visa fees, and are refocusing on recruiting qualified US workers as well as outsourcing R&D and software coding.
Staffing & Employment News
Most Robust Growth in 5 Years, Yet Mixed Messages about the Employment Outlook
Friday’s employment situation report released by the Bureau of Labor Statistics was stronger than anticipated with non-farm private payroll showing increased employment of 268,000 last month, surpassing March’s strong showing of 231,000. This growth is the most robust in five years, and marks the seventh straight month of employment increases. Nonetheless, jobless rate climbed and government jobs fell by 24,000.
The 43,000 surge in jobless claims is explained by various factors but nonetheless was higher than last month. The unemployment rate went from 8.8% to 9.0% month over month. The longer trend remains positive: “The economy has added 2.1 million private sector jobs over 14 consecutive months, including more than 800,000 jobs since the beginning of the year. The unemployment rate rose to 9.0 percent, but remains 0.8 percentage point below its November level”, according to Austan Goolsbee, Chairman of the Council of Economic Advisors. Read more »
Staffing & Employment News
Good News on the Hiring Front
2011 continues to get busier. Following a great 2010 in which Redfish Technology Inc. more than doubled our revenue, we are enjoying a very strong first quarter. This rebound is being felt within the recruiting industry and American businesses in many industries.
The Association of Executive Search Consultants proclaimed 2010 to be the “Year of Resurgence” for Executive Search Industry. Their end of year report released in March indicates that Senior Executive Recruiting is at the third highest level ever as the demand for senior talent rebounds. While 2009 saw a contraction of 32.5%, in 2010 the industry is reported to have grown by 28.5%. According to AESC this only 13% below the industry climax of 2008.
Peter Felix, President of the AESC, stated that “Leadership today is at a premium since organizations cannot ignore the challenges of new competition, evolving technology, industry convergence and globalization. Finding and attracting the superior executive talent able to manage change of this magnitude is an investment process of the highest order and requires optimum professional help.”
The Business Roundtable’s first quarter 2011 CEO Economic Outlook Survey was released yesterday with an equally exciting prognosis. CEOs of America’s leading companies are reported to anticipate higher sales and plan to increase capital expenditures and employment over the next six months. These top executives collectively estimate real GDP growth at nearly 3% in 2011.
“With today’s survey results, the last three quarters have shown steady improvement in the CEO economic outlook. Our CEOs see momentum in the economy over the next six months, with increased demand fueling greater investment and job creation,” said Ivan G. Seidenberg, Chairman of Business Roundtable and Chairman and CEO of Verizon Communications. “This shift continues a trend as reflected in recent employment data, with the private sector leading the way in creating more jobs.”
ADP’s preliminary private payroll count for March indicates 201,000 jobs were added; actual February payrolls rose 222,000. Look for the Employment Report this Friday.
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