- Staffing Trends in a Troubled Economy
Advancing Business with People! 2. Veredus Corporation Who are
we?
- Offices:Tampa, Orlando, Atlanta, and Raleigh NC
- Core Services: Staff Augmentation, Direct Hire, and Payroll
Services.
- Certified Minority Firm (MWBE) by State
- Government Solutions Division Secret Clearance
Advancing Business with People!Over 300 Consultantsand almost
$40 MFastest GrowingPrivate Firms 2007 & 2008 Business of the
Year 2007 Technology Staffing firmFounded inNovember of 2000 3. How
is the Job Market?
- 3.6 M jobs lost since recession started (12/07)
- 50% of those were lost in past 3 months (Nov - Jan)
- 598,000 jobs lost in January 09 alone
- Worst unemployment in 34 years (7.6%)
- Not expected to stabilize until 2010
- (Source:US Department of Labor)
Advancing Business with People! 4. Advancing Business with
People! 5. Whats Happening in Florida?
- Ranked # 2 in jobs lost (255,200)
- Only CA ranked worst (257,400)
- Unemployment rate8.1% (Dec 08)
Advancing Business with People!Source:US Department of Labor 6.
What about Orlando? Advancing Business with
People!Source:Monster.com 7. Impact on Orlando?
- Lost 19,100 jobs in 2008 (US Dept of Labor)
- Ranked 71 st(out of 88) cities for job growth (Business
Journal)
- Unemployment highest since Aug 92 (8.1%) (Source:Workforce
Central Florida)
- 86,831 people unemployed in Orlando
Advancing Business with People! 8. What about IT jobs?
- IT Employment higher YOY (+60k)*
- As of Dec 31 2008 3,857,200 IT professionals*
- Nov/Dec 08 lost almost 50k jobs*
- IT still high demand 28% in that industry expect to hire in
2009 (highest of any industry surveyed)**
- * (Source:National Association of Computer Consultant
Businesses)
- ** (Source:CareerBuilder 2009 Hiring Forecast)
Advancing Business with People! 9. IT Employment (1 year)
Advancing Business with People! 10. IT Hiring Trend
-
- Contractor rich market (larger pool)
-
- Stop Gap (candidates/companies)
- Strategic Hiring (Buyers Market)
- Targeted Hiring (Specific Skills)
Advancing Business with People! 11. Central Florida Placements
Demand Skill Sets
-
- Microsoft Developers (23.72)
-
- Networking/Infrastructure (11.6%)
-
- Niche: Data warehouse, ERP/CRM, Business Intelligence
(8.1%)
Advancing Business with People! 12. Central Florida Job Market
Whats Emerging
- Agile Development Methodology
- Open Source (PHP, Drupal, RoR)
Advancing Business with People! 13. IT Labor Trend
-
- Fewer people going into IT field
-
- Perception that IT field is not stable; jobs will be shipped
overseas
-
- Drop in College enrollment for IT profession (Math and
Science)
-
- Enrollment for Computer Science undergraduate degree is 50%
lower than it was just 5 years ago (Computing Research
Association)
-
- US Worker is gravitatingto softer skill sets
Advancing Business with People! 14. Job
Forecast(Source:CareerBuilder 2009 US Hiring Forecast)
- Will you hire FTE staff in 2009?
- South and West regions expect largest demand
- Concerned with shortage of skilled-labor
-
- One in Five (19%) report that quality of job applicants are
LOWER than one year ago
-
- Three in Ten (27%) have open positions for which they cannot
find qualified candidates
- 28% of Employers plan to add contractors in 2009
- One-in-Five employers used social networking sites to research
job candidates
- (surveyed:3,200 hiring managers/human resources)
Advancing Business with People! 15. Employee Job Satisfaction
(Source: CareerBuilder)
- 32% surveyed expect to change jobs in 18+ months
- 65% of workers reported they received raises in 2008 and
one-third received bonuses
- 26% are dissatisfied with career advancement opportunities
Advancing Business with People!(5,000+ employees surveyed) 16.
IT Employment Trend
- Average Pay Increased 4.6% from previous YR
- IT Management (CIO, CTO, VP) - $111,998
- Highest Average by Skill Set
-
- ABAP$106,975/ ETL$102,364/ BI $101,585
- Biggest Concern about their Career?
-
- 22% Keeping Skills Up-To-Date / Being Valuable to Employer
-
- 14% Lower Salary Increases / Lower Billing Rates
-
- 12% Cancelled Projects / Fewer Projects
-
- 10%Increased Workload (due to staff cuts)
- New Resumes posted increased by 67% in Q4 (YOY)
Advancing Business with People!Source:Dice 2009 Tech Survey
(19,000 technology workers) 17. IT Hiring and Retention
- What is your IT Brand within Market
-
- Builds over time / Destroyed quickly
- Evaluate your Hiring Process
-
- Candidates dont forget (# 1 frustration applicants have is no
response Monster Survey)
- HR Recruitment Outsourced
-
- Scaling Back HR/Recruitment Depts
- Consolidate Staffing Vendors
-
- Choose a Good Partner / Build Special Relationship
- Leverage the opportunity hire
-
- Staffing is all about timingeliminate missed opportunities
Advancing Business with People! 18. IT Hiring and Retention
- Know your IT Leadership team
-
- Line Managers hold the key to your success or failure
-
- Be cautious when promoting Tech Lead to Management
- Staff Communication Provide Feedback
-
- Negativity will fill voids in Communication
- Drive positive culture through IT Dept
-
- Focus on successes and accomplishments
-
- Not just for our kids (FaceBook, LinkedIn, etc)
-
- Tap into new generation (great for opportunity hire)
- Clients utilizing Foreign National Resources
-
- Highly Educated/Highly Technical Workforce
-
- Focused on Skill Sets that are tough to find in local
market
-
- Currently 20% of Veredus Consultants
Advancing Business with People! 19. Advancing Business with
People!Economy Crashes