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    • About Us
      • Our Staff
      • Testimonials
    • Your Practice
      • Our Search Process
      • Hiring Tips
        • Fighting The Counter-Offer Battle
        • Candidates Think the Way You Hire Is the Way You Manage
        • Retention Starts the Day You Hire
        • Employers Are From Venus
      • BV Candidate Assessment
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    What’s Happening Out There?

    Home » What’s Happening Out There?
    TAGS:
    compensation, hiring, job market, layoffs, recession, salary

    John Borrowman, CPC
    Borrowman Baker LLC
    Gallatin, TN

    That’s the problem with predictions. You can be wrong. The landscape can change before you know it.

    In the Q1 issue of this newsletter we wrote about the situation we had seen up to that point. We had seen a few layoffs of BV talent across the country. We asked, rhetorically, whether it would get worse. Using a crystal ball which proved to have a limited warranty, we answered: Not materially.

    Here’s our updated perspective:

    Layoffs in larger numbers have been seen among larger practices. Even smaller ones have shed professionals here and there.

    The total number across the country may not be material relative to the total number of professionals in the industry. But, try telling that to the person who is now without a paycheck.

    The supply/demand pendulum has swung in the direction of employers. Those who are hiring have more options. Quality talent will always be in demand, however.

    Employment is a lagging indicator. In that sense, it’s no surprise that the belt-tightening that we see elsewhere has reached BV. What may be worse is that, out of an abundance of caution, BV practices are likely to “do more with less” longer than they may need to.

    None of this means you can’t make a good career move. You just have to make a smart one. Contact us for perspective you can’t get anywhere else.

    Topics in This Issue

    It’s the Denominator, Stupid!

    April 15, 2009
    Read More 0

      The Problem with MBA Salary Statistics

      April 15, 2009
      Read More 0

        Make the Best of a Bad Situation

        April 15, 2009
        Read More 0

          What’s Happening Out There?

          April 15, 2009
          Read More 0
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