How the Job Market is Changing!
Wherever possible, I like to share anecdotes to illustrate a point.
This week, a client of mine wanted to extend an offer to a person with a good background. The person is an auditor who has done a lot of work in the hedge fund space. She has changed jobs, on average, over 18 months since entering the field and, at one point a two years ago, worked for a competitor.
I knew she was earning $86000 in her current job and asked her how much she was looking for. She told me that title was very important to her and that one company, a former client, had put a job offer together with a “powerful title” which I learned was an Assistant Director’s title.
And what salary where they offering?
$115000.
I was shocked. An almost $30000 raise PLUS bonus plus a title to join the firm.
After checking references, I told my client what this person had received in the way of an offer and, to put it mildly, they were surprised, too.
And then they matched the salary offer and offered her a VP position.
Folks, I keep saying that we have entered a period where talent will need to be rewarded to attract AND retain strong people.
Do you know who the top 10% of your staff is and what are you doing to keep them?
Are the performance reviews serious? Are they receiving positive and constructive field back? Are they receiving challenging assignments?
Are their raises exceeding what your competition would offer them if they went looking?
Jeff Altman
The Big Game Hunter
Concepts in Staffing
jeffaltman@cisny.com
© 2006 all rights reserved.
Jeff Altman, The Big Game Hunter, is Managing Director with Concepts in Staffing, a New York search firm, He has successfully assisted many corporations identify management leaders and staff in technology, accounting, finance, sales, marketing and other disciplines since 1971. He is a certified leader of the ManKind Project, a not for profit organization that assists men with life issues, and a practicing psychotherapist.
If you have a question that you would like me to answer, email it to me at:
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For Jeff’s free recruiting ezine, NaturalSelection Ezine, to help human resources professionals, managers and business owners make even better hiring decisions, ,subscribe at www.naturalselectionezine.com . For information about personal job search services, go to www.VIPPersonalSearch.com.
If you would like Jeff and his firm to assist you with hiring staff, or if you would like help with a strategic job change, send an email to him at jeffaltman@cisny.com (If you’re looking for a new position, include your resume).
