Tuesday, May 27, 2008

Industry Definitions

Saw this great article on ERE.Net recently by Matthew Charney, and it reminded me of a number of other Corporate America terms that are humorous. You know, phrases like Right Size, Reverse Engineering, and Market Correction, as fancy ways to say something you don't want to hear. Some of my other favorites include Negative Advancement (demotion), Percussive Maintenance (kick the machine to fix it), Treeware (paper), Efficiency Expert (an outsider that decides who gets fired), Capital Preservation (saving money), Negative Cash Flow (losing money), Structural Constraints (overhead), Delayering (eliminating middle management), Degrowing (your fired), Left to Pursue Other Opportunities (he was fired). Check this article out for some more good ones.

Wednesday, May 21, 2008

IT companies go slow on the hiring front

From a couple of articles out of India, here are more signs that the economic pressures on the IT market here in the U.S. are now being felt off-shore. India IT Hiring Slows. Reduced technology spending from U.S. companies, including off-shore investments, has led to companies focusing more on utilizing existing staff rather than hiring. Which in turn adds to the slowing of the Software Technology Park scheme so popular in India, so the IT firms there are not hiring at the pace that they have been in recent years. Even so, they are still growing at a solid pace according to this. India IT Growth Slows.

Monday, May 19, 2008

Three Important Social Networking Tips

Article Title: Three Important Social Networking Tips
Author Byline: Tahjia Chapman is a writer for CollegeRecruiter.com at http://www.CollegeRecruiter.com, the leading job board for college students searching for internships and recent graduates hunting for entry level jobs and other career opportunities.
Author Website: http://www.collegerecruiter.com

Social networking continues to grow as more recruiters find talent on networking sites such as MySpace, LinkedIn, and Xing. These professional networking sites are the breeding grounds for positioning your company as an industry leader. The idealistic plan of most network marketers is to build a reputation within the communities, practice patience, and perform background checks on potential candidates. All recruiters and employers do not practice these three important tips, but implementing them could reward your organization with highly talented job seekers.

Are You A Leader?

Position your organization as a leader in your industry because entry level candidates are curious about organizations with successful track records. If your company exhibits characteristics of success, candidates will want to learn more. Your company’s participation in social networking communities can determine your value to its members. In this ‘atmosphere’, your participation means more than your name, title, or years of experience. Members expect leaders to invest energy in the community through knowledgeable responses on a given topic.

Practice Patience

Patience determines the success of your network marketing campaign. Some inexperienced network marketers become frustrated with their lack of results. The frustration builds until the recruiter decides to leave the sites alone. If you want to find the best candidates, you have to complete thorough research on job seekers or recent grads that participate in the communities. Your patience keeps your plans on schedule in developing readership and responsive candidates. Responsible marketing should place you before the eyes of many qualified candidates interested in successful placement within your organization or organizations. You will not receive the response you wish for the first day so expect a little time to pass before candidates inquire about your company’s capabilities.

Perform Background Checks

If you think social networking is not valuable to background checks, the National Association of Colleges and Employers (NACE) conducted a survey in 2006 which suggested 11.1% of Recruiters Use MySpace, Facebook and Other Social Networking Sites as Part of Their Background Checking Process. In 2008, more candidates’ information is cross referenced with their information presented in resumes and interviews. Many recruiters will continue to use these sites in background checks to find the best candidates who do not lie about their professional experience. Some recent grads are inexperienced with social networks so contact ones with a professional presence within the communities.

Everyone can not perform these tips effectively. It takes time to create an online brand and identity to the world. Online social networking involves consistency within a given community so your company remains globally competitive. Could you see your company as a part of the 11.1% of recruiters whom use social networks to complete background checks on your candidates? The image of your company is vital to the success of your social networking efforts.

Article courtesy of the Recruiting Blogswap, a content exchange service sponsored by CollegeRecruiter.com, a leading site for college students looking for internships and recent graduates searching for entry level jobs and other career opportunities.

Thursday, May 15, 2008

No wait, IT Payrolls are up!

This is priceless. According to the Bureau of Labor Statistics last month, employment at IT Services firms actually went up, indicating that the economy might be finally turning around. But the article also states that although payrolls increased from March to April, March was the first time payrolls dropped in over two years. Notice the comments after the article, they have their own spin on this. So again, salaries are going down, but employment is going up. Indicative that companies are spending money on IT, while cutting costs along the way.
Payroll Gains Suggest an IT Economic Rebound

Friday, May 9, 2008

IT Salaries Down

Here is an article on IT Salaries and speculation about why they have been falling. Different from the post Y2K and 911 economic downturn, this time there are additional factors such as outsourcing, and the higher paid IT workers retiring. And as mentioned previously, although the number of IT jobs continues to rise, it's the lower paying jobs that are increasing in numbers.
IT Salaries Getting Squeezed

Thursday, May 1, 2008

IT Services Firms Post Solid Revenue Again

IT Services Firms Post Double Digit Revenue Growth Third Consecutive Year; Margin Pressure Continues Unabated

This is from the National Association of Computer Consultant Businesses (NACCB). Demand is still strong, revenue is still increasing, and margins are under pressure. That in a nutshell is the IT Services world. I've seen the same formula here as our company increased revenues 35% last year, while customers continue to keep pressure on costs. Although demand seems to be consistent, the typical customer is still very specific in their requirements. So a rifle approach is much more productive than the old shotgun approach when trying to fill customer needs.