I received a press release from IBISWorld with some interesting data about where the employment growth will occur over the next 4-5 years. Of course, I would be a bit skeptical about number 2 considering the recent announcements from the White House concerning the banking industry. Nonetheless, still an interesting picture: Rank Industry Employees 2009 Employees 2014 Annualized Growth 2009-2014 1 Voice Over Internet Protocol Providers (VoIP) 17,110 34,850 15.3% 2 Private Equity, Hedge Funds & Investment Vehicles 35,200 58,700 10.8% 3 Single Family Home Building 435,000 655,000 8.5% 4 Car & Automobile Manufacturing 50,756 73,950 7.8% 5 Environmental Consulting 122,922 176,519 7.5% 6 Multi Family Housing Construction 60,000 86,000… Read More
Continue Reading2010 Predictions
This is from the Herman Group as they make their predictions each year. I can attest to the first point being valid – I have talked to a handful of salespeople who are waiting out the economy to jump from their current position. These guys have a wonderful grasp of new words and phrases. I always learn about some relatively new word from them. I have taken the liberty of bolding some of them in the pull quote below. 1. Cutbacks and Re-Engineering will continue into 2010 Expect ongoing reductions in force as some employers continue to optimize their workforces and eliminate “redundancy”. We caution these employers to be very… Read More
Continue Reading2009 Prediction Time-Talent Management
The Herman Trend Alert offers up some expected predictions, some insightful ones and some surprising ones for 2009. Here is one that falls in the expected/not surprising category: 1. Certain Skill Sets Continue to be in Short Supply. In spite of the global economic slowdown and massive layoffs, certain skill sets are in short supply. All but the most short-sighted employers will continue to respect talented workers in all fields for their contributions. I don’t think that is surprising at all, but not all companies subscribe to that approach. Here is an insightful prediction: 3. Fear and Apprehension Reduce Productivity. As we have written about some months ago, there is… Read More
Continue ReadingHiring On The Rebound
The hiring outlook from the Manpower survey looks far better than a year ago which is a good sign. Although there is weakness in areas, the hiring trend is still positive: “While overall softness continues in the third quarter, employers are generally not reacting with large-scale payroll reductions,” said Jeffrey A. Joerres, chairman and CEO of Manpower Inc. “The gradual slowdown suggests that employers have become sophisticated at anticipating their hiring needs.” Of the 14,000 U.S. employers surveyed, 26% expect to increase their workforces during the July – September period, while 10% expect to scale back their payrolls for a net employment outlook of 16% (seasonally adjusted 12%). Fifty-eight percent… Read More
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