Wednesday, June 25, 2008

How goes the year so far?

Well, for us, the year is going pretty well. We are concentrating on Performance based retained search. Companies are hiring but again, they are being very specific. They are filling key positions and while some may be feeling an amount of economic pinch, they are not making the same mistakes they made the last time there was a downturn. They learned that once you let them go, you are not getting those good people back. We have found that our best clients are using our services to capitalize on their less forward thinking competitors. We are actively going after the victims of Change and helping them turn what they thought was a negative impact or downsize, into a new beginning. Our clients are as a result getting very skilled people who know the market and will be well positioned for the inevitable upturn. They will not have to wait for the hiring process or the training and acclimation period. It will already be done and that key player will already be prepared to hit the market with full force, while their competitors are running ads and desparetly calling search firms to replace the people they shed when things were tight.

The job market is not really that different from the stock market. You are investing in the future of your company. Now what is the first truism people teach you when one wants to start investing in the stock market? Buy the dips!!!!!!!!! That is, buy when the market is in some period of decline because it will go back up. When it does it will be too late. Right now we are at Stasis. The market is in neither a dip or huge growth. The time is running short as the runup is coming. Now is the time. Don't wait, don't hesitiate. Do it now!