In the recruiting industry 2009 has been, to put it mildly, a difficult year. We are able to judge the market by the number of RFPs we receive, job orders registered, interviews scheduled and insights that we get from candidates and other recruiters. This market is similar to the one that we experienced after the 1989 stock market collapse and the tragedy of 9/11. In this case, however, it has lasted much longer.
That is the doom and gloom statement. The good news is that during the month of August our team saw a dramatic up beat of the indicators. Don’t misunderstand- we are nowhere near where we would traditionally be in terms of current openings- but we are in fact seeing much more activity than at any other time since the first of the year. What we are experiencing may simply be a temporary blip but we are hopeful that we have reached the bottom and things will continue to improve as we move into Fall.
We look forward to sharing new exciting opportunities with candidates that have hung in there with us through the tough times. We believe we are very good at reaching out to individuals to share new searches as we begin sourcing however you can be proactive in monitoring our needs through our website, Facebook page and Twitter updates.
Wednesday, September 2, 2009
Friday, January 9, 2009
Happy New Year 2009
To say that 2008 was a challenge would be an understatement of course and 2009 figures to be an even greater one for those in the recruiting industry and people looking for jobs. There are a few trends that are promising- we are holding our collective breaths and crossing our fingers.
1- The last months of 2008 brought a number of leading food, beverage and hospitality companies to our firm requesting proposals to partner with them for their recruiting in 2009 and beyond. Many of these companies are using the economic challenges we face to negotiate lower fees but the fact that they see the need to do that at all suggests that they also see key employee sourcing requirements in the coming months. During recent economic difficulties in 1989 and 2001 companies went quiet and did no hiring. We are seeing major indications that this will not be the case in 2009.
2- One of the challenges to filling positions in 2008 was relocation. No matter how badly candidates wanted to consider a relocation they could not as they were locked into their homes. With mortgage interest rates falling, the housing market beginning a recovery, and the hope of some home purchase stimulation coming out of the 111th Congress and the Obama administration, that hurdle may be becoming a much smaller problem in 2009.
3- Finally, it has always been said that the food, beverage and hospitality industries do not pay as well as some of the more glamorous sectors of industry but we all have to eat and they are not going anywhere. No truer words have been spoken and we expect 2009 to once again prove the adage. Both domestically and internationally we see a need for talented food industry professionals throughout the year with a general improvement in the second quarter and building from that point forward.
DSA looks forward to working with their client companies and candidates through these tough times. Please do not hesitate to call upon us for any information, insights or assistance that we might provide to your efforts.
1- The last months of 2008 brought a number of leading food, beverage and hospitality companies to our firm requesting proposals to partner with them for their recruiting in 2009 and beyond. Many of these companies are using the economic challenges we face to negotiate lower fees but the fact that they see the need to do that at all suggests that they also see key employee sourcing requirements in the coming months. During recent economic difficulties in 1989 and 2001 companies went quiet and did no hiring. We are seeing major indications that this will not be the case in 2009.
2- One of the challenges to filling positions in 2008 was relocation. No matter how badly candidates wanted to consider a relocation they could not as they were locked into their homes. With mortgage interest rates falling, the housing market beginning a recovery, and the hope of some home purchase stimulation coming out of the 111th Congress and the Obama administration, that hurdle may be becoming a much smaller problem in 2009.
3- Finally, it has always been said that the food, beverage and hospitality industries do not pay as well as some of the more glamorous sectors of industry but we all have to eat and they are not going anywhere. No truer words have been spoken and we expect 2009 to once again prove the adage. Both domestically and internationally we see a need for talented food industry professionals throughout the year with a general improvement in the second quarter and building from that point forward.
DSA looks forward to working with their client companies and candidates through these tough times. Please do not hesitate to call upon us for any information, insights or assistance that we might provide to your efforts.
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