October, 2004  10-18-2004     

Thinking of Starting Your Own Business??

 

LOCAL SPOT MEDIA OPPORTUNITIES

NORTEL R&D Update

INFOVISION Insight

Take Your Gaming On the Road

CHIPS IN THE NEWS

Planes to be Built

PeopleSoft Support

Fortune 500 in Big D

Venture Capital Update

 

 

 

GLOBAL NEWS

From the Land of All Things Cold

Payrolls Surge as Unemployment Dips

The LUCK of the Irish

Global Giants Unite

BEST Development For Employees

 

 

 By Bob Maher, The Careerpilot    

Now that we are deep into autumn, our thoughts start to turn to the year-end holidays. This time of year is filled with nostalgia, fun, family, friends, and a spirit of hope. However, if you are one of the thousands unhappy at work or between jobs, this time can feel frustrating and less hopeful. Year after year it is proven that most employers halt candidate searches around Thanksgiving... with activity returning in the New Year.

Don't get discouraged! This time can create an opportunity for you to:

  1. Assess your career status;
  2. Develop a Personal Market Plan and map out how to work it;
  3. Rewrite your resume to reflect fresh positioning, and...
  4. Always have a next contact to make...

Here in the Dallas area, we have an economic base that has been quite resilient over the years... Experience and statistics show that there are industries and professional functions that are growing - ones in which skills can be transferred and transitioned in to, as well--even in slower economic environments, like what we have been experiencing in the last few years.Dallas area unemployment fell to 6.2% this past summer.  Economic uncertainy still rules the day.

(9-07-04 DMN, Victor Godinez) DEMAND RATCHETS UP... Seems that trade services jobs are plentiful, secure and attractive to middle-age workers.  ATI, Technical Training Institute offers skill training in many such "hands on" jobs.  HVAC Techs are looking at a projected 30+% gain in job opportunities.


TREND ON HIRING BONUS PAYMENT

Employers are becoming more aggressive in their pursuit of highly talented employees. Recruiting efforts are being stepped up. Once again, bonuses are being paid to new employees, just for joining the company.
 
This incentive, pervasive in the late 1990s, is expected to return.  When confronted by a labor shortage, hiring even "warm bodies" is a daunting challenge. Executive positions can carry hiring premiums of thousands of dollars.
 
We expect this practice from the late 1990s to return. Entry-level fast-food jobs are relatively low on the scale of positions. Gasoline service station attendants? Yes, it's already happening. Are we moving into an era where most employees will receive a cash bonus just for taking a job?

This trend sets a dangerous precedent that could be extremely costly for employers, including the risk of people jumping from one hiring bonus to another. Smart employers require employees to stay for a period of time before receiving their bonus, sometimes splitting payout into two or three disbursements.
 
As this recruiting practice becomes commonplace, a hiring bonus will become almost expected in certain market niches. Look for employers to become more creative to inspire prospective workers to choose them, increasingly important as workers make more educated choices about where they want to be.


TRENDS AND OBSERVATIONS

A July 2004 survey indicates that executive optimism with regard to business conditions continues an upward trend. Specifically, Executive optimism is up dramatically in the Telecommunications, Manufacturing and Financial Services industries from twelve months ago.

With regard to executive and senior level hiring, a much higher percentage of executives responding to the July 2004 survey expect increased hiring during the last six months of the year as compared to July 2003. This increased optimism may be the result of more visible signs of an improving economy expected to continue gaining strength as we move through the latter part of 2004.

Although signs of a recovery are clearly at hand, hiring is often a lagging indicator. However, the findings point to a continued increase in hiring overall when compared to this time last year. Optimism with respect to executive hiring increased in all industries from July 2003 except for Healthcare, where the most recent percentage was 29% versus 57% twelve months ago.

   

Posted October 18, 2004