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Job Trends for a Recovering Economy: A Recruiter\'s Perspective
 

Job Trends for a Recovering Economy: A Recruiter\'s Perspective

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The economic downturn has radically altered the job market with increasing competition for fewer positions. Yet, there are still great jobs and emerging opportunities that point to a growing job ...

The economic downturn has radically altered the job market with increasing competition for fewer positions. Yet, there are still great jobs and emerging opportunities that point to a growing job market. Find out where the hot jobs are and how you can prepare for the economic uptick.

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  • 2001-2005: Dry Pipeline - Economic turndown 2005: Business Growth Demand for Mid-level(!) staff - 3-5-7 yrs’ experience (shortage in pipeline) 2006: Accelerated growth/innovation/new products - need leaders to take business to next level 2007-08 on: Niche needs

Job Trends for a Recovering Economy: A Recruiter\'s Perspective Job Trends for a Recovering Economy: A Recruiter\'s Perspective Presentation Transcript

  • Job Trends for a Recovering Economy A Recruiter’s Perspective Lynn Hazan President, Lynn Hazan & Associates, Inc. Executive Search Firm for Recruitment in Marketing and Communications [email_address] www.lhazan.com 312-863-5401 3/16/2010 © 2010 Lynn Hazan & Associates, Inc.
  • “ It is not the strongest of the species that survives, nor the most intelligent that survives. It is the one that is the most adaptable to change.” - Charles Darwin © 2010 Lynn Hazan & Associates, Inc. 3/16/2010
  • We can survive the downturn – Top 20 (of 50) Recession-proof Industries ResumeBear.com, December 12, 2008
    • Residential trade contractors
    • Turbine & Turbine generators
    • Medicinal & Biological products
    • Medical equipment
    • Pet & Supply stores
    • School bus transportation
    • Passenger Transit
    • Poultry processing
    • Motor vehicle towing
    • Water and sewage
    • Consumer lending
    • Financial transaction processing & clearing
    • Portfolio management
    • Investment advice
    • Direct health & medical insurance
    • Self storage centers
    • Tax prep services
    • Process & logistics consulting services
    • Vet services
    • Security guards & armored care services
    © 2010 Lynn Hazan & Associates, Inc. 3/16/2010
  • Top 5 Growing Industries Hiring Today Bureau of Labor Statistics – FNC iMag, Friday, October 16, 2009
    • Health Care
      • Pop. 65+ increases to 46.4 mil. by 2016
      • vs. 35.6 mil. in 2007.
      • U.S. spends 16% of GDP.
      • To add 4 mil. jobs through 2016.
    • Accounting
      • Companies cut costs.
      • Closer watch on funds.
      • Tax season is NOW
    © 2010 Lynn Hazan & Associates, Inc. 3/16/2010
  • Top 5 Growing Industries Hiring Today Bureau of Labor Statistics – FNC iMag, October 16, 2009
    • Education
      • Unemployed/underemployed going back to school.
      • Profession = Expanding – not limited to educators
    • Consulting
      • Companies seek guidance.
      • More Consultants in the biz
    • Sales
      • Struggling – Need strong sales people.
      • Positions – need a tough outer shell for most money & job security.
    © 2010 Lynn Hazan & Associates, Inc. 3/16/2010
  • Mini Quiz: Fortune November 9, 2009
    • Funeral industry profits up or down?
    • Lower or higher life expectancy during recessions?
    • Down
    • Unemployment rate reduces death rate by o.5%
    • Any luck?
    © 2010 Lynn Hazan & Associates, Inc. 3/16/2010
  • Rise of kiosks IHL Group & Next Gen Research, October 14, 2009.
    • Global growth: 1- 2.5 mil by 2014.
    • $775+ billion in kiosk transactions in 2009.
      • Potential growth: $1.6 trillion by 2013.
    © 2010 Lynn Hazan & Associates, Inc. 3/16/2010
  • 3/10/2010 © 2010 Lynn Hazan & Associates, Inc.
  • Hiring Timeline: A Kiss Perspective from LH&A © 2010 Lynn Hazan & Associates, Inc. 3/16/2010 2001
    • 9/11
    • Dotcom meltdown
    2005
    • Hiring picks up
    • 3-5 years
    2006
    • HOT
    • Exec level
    • Marketing + Communications
    • Housing-related
    • Not for Profit
    • Industrial Products
    2007
    • Started strong
    • Fickle
    • Q4
    • Freelance up 32%
    2008
    • Fussy Client Syndrome
    • Candidates turned down jobs
    • Recession
  • Hiring Timeline: A Kiss Perspective from LH&A © 2010 Lynn Hazan & Associates, Inc. 3/16/2010 2008
    • Fussy Client Syndrome
    • Candidates turned down jobs
    • Recession
    • Recession deepens
    • Departments cut
    • Junior/less expensive talent in demand
    2009 2010
    • 2010 employees fatigue from 2-3x work load
    • Hiring picks up
    • Lower salaries
    • (10-20% less)
    2011
    • Expect near normal hiring
    • Leadership gap
  • Client Sweet Spots: Candidate Profiles © 2010 Lynn Hazan & Associates, Inc. 3/16/2010 3 years 5 years 7 years 8 years 10 years
  • Curre
    • VP- Ad agency-B2B, Building materials, digital
    • Marketing Assis- HC prof assn.
    • Dir of Communications- Exec Recruiter-HC
    • Web Content Specialist-HC prof assn.
    • Acct Dir- Digital Sls promo agency, B2C
    • Sr AE- Ad agency-B2B
    • FL. Production Designer-Paint co.
    • FL Color Consultant/Graphic Designer-Paint co
    Current or Recently Filled Jobs-2010
  • Current Status
    • Job Training Money available
    • Home Improvements-Energy rebates
    • Gap in talent pool
    • Wisdom + Leadership = gone
    • Salary adjustments
    • Economic Stimulus Plan-trickle down
    • Locations: Smaller/ Emerging Markets, candidates hesitate to move
    • Thrift Age-David Houle
    © 2010 Lynn Hazan & Associates, Inc. 3/16/2010
  • Trends in 2010 and Beyond
    • Tech & Resources
    • Environment
    • CSR
    • Information Technology
    • Green
    • Health Care
    • Globalization
    • Demographics
    • Changing Mgmt Structure
    • Web 2.0
    © 2010 Lynn Hazan & Associates, Inc. 3/16/2010
  • Recognize Trends & Have Them Work for You Humane Treatment of Animals PETA © 2010 Lynn Hazan & Associates, Inc. 3/16/2010 Organics Whole Foods Global Warming Al Gore Environment Green Peace Fair Trade Starbucks Workers’ Rights Nike Fringe Center/Mainstream
  • Trend Blogs/Resources
    • Climatewire.com
      • Covers politics & biz of climate
    • ResumeBear.com
    • Trendwatching.com
    • Futurist: David Houle’s blog for hot tips:
      • Evolutionshift.com
    • Marketingcharts.com
    • McKinsey Global Institute Publications
    • Gorkana.com
    • Did you Know 2.0?
    • (on YouTube)
    © 2010 Lynn Hazan & Associates, Inc. 3/16/2010
  • Tech Growth - 2010 & Beyond
    • Biotechnology
    • Disruptive technology
    • Energy innovations
    • Clean tech
    • Mobile devices- e.g.. smart devices, video 3GS
    • Payoff from R&D
    © 2010 Lynn Hazan & Associates, Inc. 3/10/2010
  • Going Wireless
    • 1 in 4 U.S. HH watch
      • Up 15% from 2007
    • 20% watched less TV on their sets.
    • (Chicago Tribune. November 2, 2009)
    • 4 th Generation = 4G Technology
    • Increased :
      • Speed
      • Strength
      • Reliability
      • (Chicago Tribune, November 2, 2009)
    © 2010 Lynn Hazan & Associates, Inc. 3/16/2010
  • P&G – The Issue is Water © 2010 Lynn Hazan & Associates, Inc. 3/16/2010
  • Where the Jobs Will Be
    • 5.3 mil jobs in ‘06 to grow to 6.9 mil jobs by ‘20
    • in environmental management and protection
    • (Management Information Services Inc., 2006)
      • 22 sectors w/green-collar opportunities
          • Food Production
          • Manufacturing
          • Auto Repair
    • Infrastructure/Public Works
    © 2010 Lynn Hazan & Associates, Inc. 3/16/2010
  • Where the Jobs Will Be
    • Micro-enterprises create 850,000 jobs/yr nationally
      • Growth outpaces overall economy
    • Companies turn to nonprofits for loans & business coaching to maximize bottom line.
    • Chicago loan groups:
    • Community Development
    • Duman Microenterprise Center
    • ACCION Chicago
    • Chicago Community Ventures
    • Industrial council of Nearwest Chicago’s Small Business Development Center
      • (Chicago Tribune, Business, November 2, 2010)
    © 2010 Lynn Hazan & Associates, Inc. 3/16/2010
  • Corporate Social Responsibility (CSR)
    • Carbon footprint in home and office
      • Consumes 72% of all electricity
      • 38% of all carbon emissions produced in U.S.
        • Fast Company, November 2010
    • Bottled water more expensive than gas
    • Cars - Preferred treatment for Hybrids
    • Carpooling - companies of choice to work for
    © 2010 Lynn Hazan & Associates, Inc. 3/16/2010
  • Healthcare
    • Since 1990s :
      • Lost 1.1 million jobs in IT
      • Gained 1.7 million jobs in Healthcare
    • U.S. spends more/capita than any other country
    • Expectation $4 trillion by 2015 or 20% of GDP
    • Focus on disease care, not HC
    • U.S. ranked last of 19 industrialized countries in providing timely and effective healthcare to its citizens 1
    © 2010 Lynn Hazan & Associates, Inc. 1 Measuring the Health of Nations: Updating an Earlier Analysis , London School of Hygiene and Tropical Medicine, 2008 3/16/2010
  • U.S. and Global Economy International Monetary Fund - www. imf .org (Stats compiled before recession)
    • 2007 = U.S. made up 21% of global economic growth
    • By 2011, anticipate the U.S. to decrease to 15%
    © 2010 Lynn Hazan & Associates, Inc. 3/16/2010
  • B.R.I.C. Jim O’Neill Mging Dir of Global Economic Research, Goldman Sachs
    • What is B.R.I.C.?
    • Rising Forces in the Economy
    • http://www2.goldmansachs.com/ideas/brics/index.html
    © 2010 Lynn Hazan & Associates, Inc. 3/16/2010
  • Changing U.S. Demographics
    • US Census-2010
    • Ethnic markets rise
      • Hispanic American
    • 2.35 million American Muslims
    • Language Training - Chinese, Arabic
    • Women
    • Aging Population
    • Disabled community surpasses Hispanic by 5%
    © 2010 Lynn Hazan & Associates, Inc. 3/16/2010
  • Mini Quiz: Pew Research Center 2050 Projections
    • Hispanics _____% overall US population
    • Asians _____% overall US population
    • Hispanics = 29%
    • Asians = 9%
    • Any luck?
    • Census 2008:
    • Hispanics= 12.5%
    • Asians = 3.6%
    © 2010 Lynn Hazan & Associates, Inc. 3/16/2010
  • Generational Differences Meyer, Ann. “ Closing the Gaps Between the Ages.” Chicago Tribune , 21 July 2008 © 2010 Lynn Hazan & Associates, Inc. 3/16/2010
  • Population by Generation 2005 U.S. Census © 2010 Lynn Hazan & Associates, Inc. 3/16/2010
  • Needs of an Aging Population
    • Brainstorming Session
    © 2010 Lynn Hazan & Associates, Inc. 3/16/2010
  • Boomers in the Workforce
    • 60 is the new 40
    • Anticipated brain drain
    • Delay retirement
    • Re-invent work after retirement
    • Consulting/freelancing
    • Healthcare = best field for workers 50+
    • AARP-Best Employers past 50 list
    © 2010 Lynn Hazan & Associates, Inc. 3/16/2010
  • Changing American Management Structure © 2010 Lynn Hazan & Associates, Inc. 3/16/2010
  • New Model for Employment
    • New Business Models: Temp, Temp-to-Perm, Full-time, Combination
    • Consortium or co-op
    • Adapt and thrive
    • Consultants
    • Entrepreneurship
    © 2010 Lynn Hazan & Associates, Inc. Ref: www.CartoonStock.com 3/16/2010
  •  
  •  
  • e
    • Shift to Temporary Workforce
    • 90% growth projected in Manager temp hiring over next 10 yrs.
    • Foreign Expats return home
    The New Normal: Me, Inc.
  • Web 2.0 Shift in Content
    • Professional pubs
    • Newspapers
    • Trade magazines
    • Business pubs
    • Reference books
    • Professional Associations
    • Blogs
    • RSS Feeds
    • Youtube
    • Google
    • Wikis
    • Online Communities eg. Linkedin, Facebook
    © 2010 Lynn Hazan & Associates, Inc. 3/16/2010
  • What Skills are Employers looking for in the 21st Century?
    • Let’s brainstorm…
    © 2010 Lynn Hazan & Associates, Inc. 3/16/2010
  • 21st Century Skills
    • Creativity & Innovation
    • Critical Thinking & Problem Solving
    • Communication & Collaboration
    • Productivity & Accountability
    • Leadership & Responsibility
    • Technology Literacy
    • Flexibility & Adaptability
    • Initiative & Self Direction
    • Social & Cross Cultural Skills
    • Information Literacy
    • Social Media Literacy
    © 2010 Lynn Hazan & Associates, Inc. 3/16/2010
  • Must Have Skills for LH&A Candidates
    • Writing
    • Analytic/Quantitative
    • Social Media & digital skills
    • Collaborative work styles
    • Industry specific experience
    • Biz dev
    • Managing Clients, Supervisory Skills
    • Foreign Language Skills
    • Do more with less!
    © 2010 Lynn Hazan & Associates, Inc. 3/16/2010
  • How to Re-Define Yourself in a Changing World
    • Who are you?
    • What do you want to do?
    • Strengths & core competencies
    • Reinvent yourself, your skills
    © 2010 Lynn Hazan & Associates, Inc. 3/16/2010
  • Build On Your Strengths vs. Your Weaknesses VS. 3/16/2010 © 2010 Lynn Hazan & Associates, Inc.
  • “ We can’t solve problems by using the same kind of thinking we used when we created them.” -Albert Einstein “The future belongs to those who prepare for it.” -Ralph Waldo Emerson “To be valued, you have to build value.” -Lynn Hazan Heed these words. 3/16/2010 © 2010 Lynn Hazan & Associates, Inc.
  • What is your UPS? 3/16/10
  • “ One lesson stands out: Whether you prevail or fail, endure or die, whether you make it onto the Fortune 500, and whether you stay there, depends more on what you do to yourself than on what the world does to you.”
    • Jim Collins
    • Fortune, May 5, 2008
    3/16/2010 © 2010 Lynn Hazan & Associates, Inc.
  • Sign up for Lynn’s e-jobs A free, confidential listserv from Lynn Hazan & Associates Clearly print your name and email address on the sign up sheet! 3/16/2010 © 2010 Lynn Hazan & Associates, Inc.
  • Empowered Job-seeker
    • Empower Job-seeker is a 1-to-1 consultation program with Lynn Hazan, a 26-year veteran of the recruiting business.
    • Lynn helps candidates reposition themselves for a changing job market through:
      • Resume development
      • Interview coaching
      • Networking
      • Job search assistance
      • Negotiating strategy
      • LinkedIn access
    • For details, contact lynn@lhazan.com
    3/16/2010 © 2010 Lynn Hazan & Associates, Inc.
  • Find Lynn Hazan & Associates on:
    • Twitter: lynnhazan
    • LinkedIn: Lynn Hazan
    • Facebook: Lynn Hazan
    • SlideShare: Lynn Hazan
    • EzineArticles: Lynn Hazan
      • Lynn Hazan
      • Lynn Hazan & Associates
      • 55 E. Washington St.
      • Suite 715
      • Chicago, IL 60602
      • 312-863-5401
      • [email_address]
      • www.lhazan.com
    3/16/2010 © 2010 Lynn Hazan & Associates, Inc.