A corporate recruiter says employers in Indianapolis arenâ??t acting like their counterparts elsewhere in the country, if
headlines
are to be believed.
The employment market here has stayed fairly resilient, says Steve Mattei, a partner in Pinnacle Partners Inc.
Pinnacle specializes in accounting and information technology positions that offer $50,000 to $130,000 in annual salary. Those types of jobs tend to weather economic ups and downs better than others, Mattei acknowledges. Nevertheless, Pinnacle has hired employees to keep up with its own demand and anticipates greater revenue this year than last.
Companies â??are certainly not out there throwing money around,â?? he says. But, â??Theyâ??re still moving forward.â??
Some companies have shifted a small portion of IT and accounting positions to contract status, but the number is nominal, Mattei adds.
Mattei says he hasnâ??t analyzed trends in compensation levels. His impression, though, is that compensation isnâ??t dropping.
What do you think? Do Matteiâ??s observations line up with your experiences?
The employment market here has stayed fairly resilient, says Steve Mattei, a partner in Pinnacle Partners Inc.
Pinnacle specializes in accounting and information technology positions that offer $50,000 to $130,000 in annual salary. Those types of jobs tend to weather economic ups and downs better than others, Mattei acknowledges. Nevertheless, Pinnacle has hired employees to keep up with its own demand and anticipates greater revenue this year than last.
Companies â??are certainly not out there throwing money around,â?? he says. But, â??Theyâ??re still moving forward.â??
Some companies have shifted a small portion of IT and accounting positions to contract status, but the number is nominal, Mattei adds.
Mattei says he hasnâ??t analyzed trends in compensation levels. His impression, though, is that compensation isnâ??t dropping.
What do you think? Do Matteiâ??s observations line up with your experiences?
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The credit crunch has affected many start-ups. Among my client base, some have had to let go staff. Some have called it quits. Others are still beating the pavement for money so they can ramp up staff.
Smaller companies in stronger industries are still hiring, however, they will be making cautious investments in people. And, there are still ample companies that are growing steadily, particularly in life sciences and technology. Companies with strong business models will thrive.
Generally in poor economic times, companies tend to shift to contract/temporary staffing solutions. This allows for greater flexibility. What this means for the recruiting industry is that direct hire placements will probably be adversely affected in the coming year, while contract and temporary staffing firms might experience an increase in demand.