Heidrick & Struggles International, Inc., the leadership advisory firm providing executive search and leadership consulting services worldwide, announced late last week that K. Steven Blake, executive vice president, general counsel and corporate secretary will leave the firm as of August 31, 2010 to pursue another opportunity. “Steve has been an asset to Heidrick & Struggles and [...]
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The Washington Post recently ran an article discussing the cautious attitude with which businesses are still approaching hiring, even though profits appear to be on the upswing. According to the article, “Corporate profits are soaring. Companies are sitting on billions of dollars of cash. And still, they’ve yet to amp up hiring or make major [...]
Yesterday, the Association of Executive Search Consultants (AESC) released its Q2 2010 AESC State of the Executive Search Industry report, which showed a quarter-on-quarter 12% growth rate in net revenue worldwide and substantial year-on-year growth in the number of search mandates started across most industries and regions. The first quarter of this year showed further positive signs [...]
Beyond.com, a resource of niche career communities, resume search for employers, and job search for candidates released today its quartlerly Career Trend Analysis Report from the 2nd quarter of 2010. This report is published on a quarterly basis and highlights national, local and industry-specific job and resume posting trends. Information is collected from its network [...]
Disconnect Between Job Seeker and Employer Expectations
August 12th, 2010
Today, TalentDrive, an online resume aggregation search engine, released the results from its “Job Market Perceptions” survey. The findings uncover a widening gap between current employers’ expectations and job seekers’ actual skill sets. The survey was conducted to get a better understanding of current job seekers’ perceptions of their own skill sets compared to expectations held by hiring [...]
Interim Association launches outreach effort to Private Equity firms during Great Recession
July 15th, 2010
The Interim Association has launched an outreach effort to Private Equity firms to promote the Association’s members, especially those fulfilling CFO, COO, and CEO Private Equity interim assignments. The Interim Association and its members: Represent a substantial network of over 5000 experienced executives available for opportunities Cover the spectrum of C-Level, VP, and Director titles Include seasoned executive talent [...]
Sometimes you don’t realize the value of something until you get a little distance from it. That WASN’T the case for me at this year’s Fordyce Forum 2010 at the M Resort in Las Vegas from June 9-11. It was another great conference, and was just the shot in the arm I [...]
Financial services search professionals are seeing an uptick in business, as Wall Street reports a return to hiring to replenish a diminished workforce. This adds to the list of industries that are starting to climb their way out of the recession. According to a Businessweek article this morning, “[financial] firms are adding jobs for the [...]
I did a quick web search this morning for the phrase “companies are hiring again”, and here’s a snapshot of what came up: These results are all fairly recently written – within the last few months. According to the Wall Street Journal, Intel is planning to hire 1,000 to 2,000 people in 2010. Even one of [...]
A short conversation with Joe Cummings, CEO of the Los Angeles recruiting firm Royal Staffing, who found that the economy had an unexpected effect on his company.
“Job growth is about to begin,” The Conference Board declared Monday. In the second quarter, says Manpower. “We are already seeing evidence,” insists the Association of Executive Search Consultants. Even coming upon the heels of a robust labor report last week (that fueled a Wall Street mini-rally) these pronouncements probably won’t do much for the pessimists, [...]
Tech companies are hiring, but not “full throttle,” according to a Boyden’s rundown of various industries and their executive hiring plans around the world. Financial services firms are “cautiously optimistic.” Demand for execs in life sciences is increasing. Retail companies are looking for people who can integrate online and offline sales. Energy companies worldwide are searching [...]
Pharma’s the hottest industry worldwide, according to a Feb. 1 survey from Antal, in partnership with SearchPath International. What’s Hot In order, these sectors have the the highest levels of recruitment at the professional and managerial level 1) Pharmaceuticals; 2) Manufacturing; 3) Engineering; 4) IT software; and 5) [...]
Good news for laid-off employees comes today from Right Management, which finds that only 10% of employers say they don’t rehire past employees. It also found that 18% of laid-off workers are rehired by their former employer. Employers cited the following as their top reason for the rehires: 37% – Familiarity with the job 33% – Understanding [...]
Phony Academic Degrees
October 23rd, 2009
In its new report, “Smoke, Mirrors, and Resumes: The Growing Threat of Diploma Mills,” background screening firm EmployeeScreenIQ claims that phony academic degrees are a “constant presence in email inboxes, and their popularity is exploding with job candidates” and feed on applicants “who will do anything to enhance their resume” in a tough hiring market. The company [...]
Good to see some not-too-bad news: Korn/Ferry is up pretty sharply (8%) as the market opens. The company says: -Things are stabilizing but the future economy and labor markets are up in the air -Executive searches opened are down 30% (1,352 vs. 1,920) -Average fee per engagement is down 16% More details here.
Even in the uber-cyclical recruiting business, where search firms like Heidrick & Struggles are taking their names literally, there’s no time like the present, apparently. That is the case at least for Jeff Perkins. He had been managing the corporate recruiting team at Invista, a subsidiary of Koch. His team went from 13 people to five. [...]
Jordan Rabyboy is one of my recruiting heroes. Not only was this million dollar Big Biller rookie of the year at MRI when he first came upon the recruiting scene at Sales Consultants Plantation, Florida, but he has maintained his Big Biller status while being totally virtual and traveling around North America in a [...]
‘You Mean You’re a Body Shop?’
January 13th, 2009
Admit it, at least once you’ve all heard these words come out of the mouth of your prospect. It’s not a good feeling and it certainly doesn’t articulate the value that we deliver to our clients each and every day. Next thing you know, you are reeling to turn the conversation around and convince the [...]
Recruiting Predictions for 2009
January 9th, 2009
David Manaster, ERE Media’s CEO, shares his views on how recruiters will fare in 2009. Among his nine predictions: don’t expect recruiting activity to pick up again until after companies’ profits rebound; recruiting stocks will eventually bounce back (optimism for Monster, Taleo, Manpower, etc.); and recruiters will shift toward the most cost-effective tools that offer [...]
Our sister publication, ERE, interviews leading recruiters at RecruitFest about how they are adjusting their strategies to cope with the current economy. Gain insight into some of the changes that top recruiters are making in order to prosper where others are struggling.
ERE was at RecruitFest in Toronto last week. Organized by Jason Davis, it featured some great speakers such as Susan Burns, Scott Love, Craig Silverman, and John Sumser. We asked speakers and attendees about what changes and challenges to expect in 2009.
Say It Ain’t So: Paying Candidates for Placements?
September 12th, 2008
Have you heard the one about the new career network that shifts the commission fees to the candidates? If you’re waiting for the punchline, sorry, but this is no joke. The reality is that PaidInterviews has launched a new service that pays candidates when hired. It combines social networking and matching technology in a new way, [...]
SearchPath going public. The company says it is “the nation’s fast-growing talent acquisition professional services firm, with more than 60 offices opened in its first 30 months.”
As a kid, I remember watching tv (yep, black and white) while staying up late on the weekends. I’d always get scared to death every time I saw the short commercial that came on and said: “It’s 10:00pm, do you know where your children are?” Anybody remember that? I thought the only reason they ran [...]
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