The other day I turned on the television and got chills down my spine, my heart started beating faster and I was over come with a certain degree of fear. It wasn’t a horror movie I was watching; it was the 10 o’clock news. The newscasters were describing the state of our economy and the job losses our nation suffered over the past few months. Once I came to the realization that it was just the news, I remembered not to trust everything reporters tell you. Yes, our economy is going through extremely rough times and the national unemployment rate is higher than it has been in a long time, but when they said it seems America is suffering from a nationwide hiring freeze – that’s where I tuned out.
Being in the Professional Search industry I tend to think our company has a better grasp as to what it going on in the marketplace than a reporter reading from a teleprompter. This is what I know: Companies are still hiring. Maybe not at the same pace as a year ago, but positions are still open for those aptly skilled and talented candidates.
Look at the technology industry for example, a sector hit pretty hard by the financial woes on Wall Street, certain companies within the tech marketplace have been able to keep their doors open to fresh new talent.
This is because we are living in an era of technology and innovation. Businesses rely heavily on software and technological products to stay afloat and aren’t willing or able make cutbacks to these services. An article on ComputerWorld sums it up fairly well
“While companies are indeed decreasing expenses, most can’t afford to make drastic cuts in technology. Since the last economic downturn, firms have become more convinced of the importance of technology to their business success.”
For those of you who have bought into the idea that all companies are on a hiring freeze it is time to look past the gloom and open your eyes to the opportunities that do exist. Don’t get me wrong, with the diminished amount of venture capitol funding and business models without a source of positive cash flow, some companies have put a freeze on all hiring and ultimately might be forced to close their doors. Companies that are hiring choose to be pickier with the talent they bring on, but if you possess the right skills needed to excel at their open positions then the jobs are there.
Yesterday we posted all of BINC’s open jobs, as a general rule of thumb we have found that the following types of companies tend to continue hiring during a recession
- Large tech companies that have proven their place in the market by surviving previous recessions
- Tech companies that offer consumer based software products
- Tech companies who provide a product that solves critical business-centric problems
- Tech companies who deliver value and functionality to businesses for a cost
- Tech startup companies who received large amounts of funding and should have enough to last 2+ years
- Tech companies that are cash positive
- Tech companies that have a non-Ad based business model proven to work
- Tech companies with well known brands and meaningful traffic
- Tech companies with a large audience base
- Tech companies that offer valuable niche content
Find Us On: