SRA Update
Sanford Rose Associates - Philadelphia
Executive Search
September 2010
"Finding People Who Make a Difference"
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Extreme Commuters, Virtual CEO's, and Other Mobile Executives
This article summarizes the reasons behind the reluctance of many executives to relocate and examines relocation solutions offered by companies in the current market, including alternative arrangements such as "extreme commuting" and working remotely.
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Manager's Corner: Avoid these Common Performance Review Mistakes
Ahh, those year-end performance reviews - I bet you can't wait for them to begin later this Fall. Well, here's some basic advice to help make the process a bit smoother.
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The Interview is Over - Now What?
A heart felt Thank You note is expected and, if done well, will help you stand out. Here are some pointers on how to write an effective follow up that get's noticed.
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"Why can't we find any good candidates - the unemployment rate is almost 10%?!" (OR "What Katie Couric doesn't mention on the Evening News")
On September 3, 2010, the BLS published the most recent unemployment rate for August, 2010 of 9.6% (actually it is 9.642%; up .135% from 9.507% in July, 2010). The unemployment rate includes all types of workers-construction workers, farmers, etc. We recruiters, on the other hand, mainly place management, professional and related types of workers. That unemployment rate in August was fixed at 5.1% (this rate is the highest it has been since the 5.2% rate of September 2009). Or, you can look at it another way i.e. people who have college degrees. That unemployment rate in August was fixed at 4.6% (this rate increased by .1% from July's rate).
Now stay with me a little longer. It's important to understand (and none of the pundits mention this) that the unemployment rate, for many reasons, will never be 0%, no matter how good the economy is. Milton Friedman (the renowned Nobel Prize-winning economist), is famous for the theory of the "natural rate of unemployment" (or the term he preferred, NAIRU, which is the acronym for Non-Accelerating Inflation Rate of Unemployment). This theory states that full employment presupposes an 'unavoidable and acceptable' unemployment rate of somewhere between 4-6% with it. So, if applied to our main category of management, professional and related types of potential recruits, and/or our other main category of college-degreed potential recruits, we have no unemployment! None! Zilch! That's why we have to recruit these folks.
-Bob Marshal
www.themarshallplan.org
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