Inc.com posted this howler today – Fearing Economic Uncertainty, Companies Put Spending Plans on Hold. Obviously, this type of story sounds like it will have an impact on our business for the remainder of the year. The opening sentence: Gloomy economic reports in recent months have many small and midsize businesses rethinking spending plans, a pair of new surveys show. Most of the stories I have read have mentioned how strong the economy is right now so I was taken aback by this revelation. The rest of the article speaks to CEO’s slowing everything down this year. I went back and clicked on the link found in that first sentence… Read More
Continue ReadingA Repeatable Scenario
Diggings has a post that is a microcosm of the impending shortage in the hiring market: In the last 6 years, the number of welders has dropped 10% to 576,000 people and the American Welding Society predicts that by 2010, the demand for welders will outstrip supply by 200,000 workers. We are involved in some highly specific searches right now and are encountering similar supply-demand issues. One search I am working through has led to two different final candidates that parlayed an offer into a better package from their current employers. As demand increases and supply diminishes, I am certain we will see similar behaviors.
Continue Reading