Capital2's Blog

Recruitment and Career advice for the High Tech and Banking Industries

Recruitment Market 2009

So how are things shaping up for 2009?

Well, there’s overwhelming consensus that hiring will slow down across the board. Profits are down, therefore budgets are down therefore hiring slows….. logical. Our core markets of banking and high technology are broad enough to enable us to react effectively to this, but we’d be stupid to think that next year will be easy.

How does this affect the way we work?

Well generally in tough economic periods, there are a lot of candidates on the market (redundancies etc), and fewer new jobs being created. The inverse is roughly true in boom times, where there are lots of jobs compared to the number of suitable candidates. This means we as a company have to do 3 main things:

  1. We work harder to find new roles to fill, and try to keep tight hold of our existing (hiring) client base.
  2. We have to ensure that the ratio between being asked to hire a role and actually filling it is as close as possible to perfection.
  3. We need to maintain an accurate and large database of active candidates to ensure we react quickly in the event of being retained by a client. This can even take the form of partnerships with 3rd party researchers or RPO companies.

So we will be affected. We service the banking and technology markets, both of which will be squeezing suppliers (ie us) hard over 2009. That said, our management team have already come through one serious recession – no reason they can’t come out the other side of this one smiling too!!!!

Advertisements

November 20, 2008 - Posted by | Capital2, Macroeconomic News, The Team | , , , ,

1 Comment »

  1. […] The busiest day of the year was April 26th with 86 views. The most popular post that day was Recruitment Market 2009. […]

    Pingback by 2010 in review « Capital2's Blog | January 2, 2011 | Reply


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: