Economy Rebounding

On the heels of the news that the jobless rate is dropping, we’re seeing an increase in hiring across the board. Some companies (a few) were able to power through the downturn and continue hiring, like BazaarVoice, but many either froze hiring or laid people off. Some of the new activity can be put down to the new fiscal year and budgets, but a good chunk probably can be attributed to bandwidth issues. As companies cut to the bone, they had to make more with less. Eventually though, if you’re continuing to grow at all, you’re going to stretch your people so thin you can’t service your customer properly and your support/sales suffer. I think we’re at that point now with a lot of companies. Then there is continued growth in the market (for those who didn’t cut but are experiencing natural growth). A good indicator of this is the contract recruiting market. When companies are hiring contract recruiters it generally means they have more hiring to do than they can handle internally. Most either use outside contingency or alternatively, hire recruiters on contract to handle the excess flow. In the last ten days I’ve had people reach out about four different contract (one is contract or perm) opening. That’s good news folks! The outlook isn’t exactly rosey, but it certainly is better than this time last year.

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