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Monthly High Tech Newsletter
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| Staffing & Employment News
According to Bloomberg, the growth in corporate profits is an encouraging sign for a V-shaped recovery. The economy is expected to grow at 4% this year, which is up from the 3% prediction derived from a survey of economists earlier this year. This capital will be invested in equipment and hiring according to Joseph LaVorgna, chief U.S. economist in New York at Deutsche Bank Securities Inc.
The recent Business Roundtable survey shows 29% of participating CEOs plan on increasing hiring over the next 6 months (10% more than last quarter). This is the first time in two years that more companies anticipated higher employment than lower employment in the survey.
Such predictions are backed up by the recent report by The Conference Board's Help Wanted OnLine™ (HWOL) Data Series, which shows job demand has surged 870,000 for an increase of 27% over the past six months. "In a welcome sign for the job market, employers began the spring hiring season with a large 223,000 increase in demand for workers," said June Shelp, Vice President at The Conference Board. According to the ADP (Automatic Data Processing) National Employment report for April, private sector employment increased by 32,000 from March to April on a seasonally adjusted basis - and this does not include any of the federal hiring for the 2010 Census. This marks the 3rd consecutive month of private employment growth. Read the rest of the article and see links to recommended articles  |
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High Tech Job Trends
During the great recession, IT company spending was cut to the bottom line; staffing requirements were kept minimal. There was an increased focus on software-as-a-service, outsourcing IT staff, business intelligence, and unified corporate communications.
Spending predictions for 2010 are fairly optimistic: Forrester is predicting an optimistic 7.7% in US IT spending; Gartner 2.8% growth; and global forecasts are for 3-4% growth according to Monster.
Employment in 2010 is anticipated increase cautiously in High Tech. The Bureau of Labor Statistics predicts that six IT occupations will grow by 22% (to 4.5 million jobs) over the next ten years. The top in-demand occupations are Network systems and data communications analysts (53% over the next decade) and Computer software engineers, applications (35% growth); while the highest job seeker occupation is Computer Software Engineers.
A Monster/Kelly Services IT market report indicates surplus of talent in Computer Engineers and Systems Analysts. The growth areas are reportedly in Computer Hardware Engineers, Computer Operators, Computer Scientists, Programmers, and Support Specialists. There is both a good supply of jobs and talent in Network, Systems, and Database Administrators; for this reason employers should focus on talent retention.
Read more Industry Trend articles on our blog, Catch of the Day  |
Where does the growth come from? - A Quick Look at Venture Capital Trends
"New and young companies and the entrepreneurs that create them are the engines of job creation and eventual economic recovery" according to the Kauffman Foundation. Both start-ups and young companies (age 2-5 years) account for the net job creation in the American economy; larger companies tend to grow by mergers and acquisitions. Investment is critical to funding startup and young companies. Venture Capital trends were dismal in 2008 and 2009, but are showing a comeback in Q4 2009 and Q1 2010.
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| Top Talent Sampler of the Month
Don't miss these particlarly talented candidates:
High Tech Sector:
- Technical Sales Engineer with 15+ years at Alcatel-Lucent. Experience with CDMA, VoIP, GSM, LTE, MLS, Core, etc. Articulate, likes travel, open to relocation. MBA from Loyola Chicago.
- Lead Web Developer with 10 years of professional design and development experience. Expertise includes HTML, CSS, JavaScript, XML, AJAX, JSON, Flash, ActionScript, Photoshop, Dreamweaver, JSP, JSF, Spring, PHP, MySQL, Perl, Apache, Linux, Security. Master of Information Technology from Harvard University.
- Sr. Java Engineer with 8 years extensive Java/J2EE application designing experience using Object Oriented Design, Design Patterns, UML/data modeling, Multithreading, JMS, XML and JDBC, SQL. Expert level experience with Spring and Hibernate. Also has Flex/Actionscript & IBM Websphere experience. MSEE from Polytechnic University.
To find specific talent, recruit where you can't and secure other human resources and sourcing services, contact Redfish Technology today.
www.redfishtech.com/employers |
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Redfish Technology is one of the Best Places to Work
by Joanna Edwards, High Tech Recruiter, Sales & Marketing
Redfish Technology deserves accolades for the work/life balance offered to employees. It is one of the best places to work, from the recreational office locations and benefits designed to take advantage of the outdoors, to the community service and green focus of the company.
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About Redfish
Redfish Technology, Inc. specializes in sourcing talent in high tech and green energy sectors. Recruiting since 1996, the company offers nationwide coverage and boasts offices in Silicon Valley, the East Coast and the Intermountain West.
Our Mission:
Redfish is committed to providing the most progressive recruiting service by creating a partnership with our clients while upholding the highest standards of honesty, integrity, excellence, and performance. |
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Meet Joanna
Joanna Edwards, Executive Recruiter, High Tech
"I wanted to thank you personally Joanna, as is proper given that you have really "stuck by me" through this search. I am excited about my new post and look forward to sharing many tales of continued success when we meet in person"
- Jackson Clark, placed at Collective Media
"Joanna possesses a remarkable combination of enthusiasm and professionalism. It was both a delight and a privilege working with her. I know that she will be highly successful in anything she does."
- J.G. Digital Media |
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