December, 2004
People are still out of work. People are getting hired. The amount of time it is taking people who are out of work to land is decline for the recently unemployed.
Firms are back to hiring again. Almost every firm we call is in some version of ramp up AND given how deep the cuts were, wages will start an upward march next year. Let me give you a recent anecdote.
Recently, I represented a Perl programmer with strong financial industry experience who was earning $59000 in his last position. He had been working in Westchester and was looking north of the city and in NYC for a position. He received two job offers. Guess the salary?
Now a year ago, he would have been fotunate to get the same salary offered to him; two years ago, the question would have been how deep a salary cut.
Before you scroll down, take a guess.
He received two offers of $80000 plus bonus. One was close to home; the other in NYC. And the NYC company raised the offer to $85000!
Things are starting to change in the market. Get yourself to work because two years from now, it is going to be wild again!
Jeff Altman
Concepts in Staffing
jeffaltman@cisny.com
Firms are back to hiring again. Almost every firm we call is in some version of ramp up AND given how deep the cuts were, wages will start an upward march next year. Let me give you a recent anecdote.
Recently, I represented a Perl programmer with strong financial industry experience who was earning $59000 in his last position. He had been working in Westchester and was looking north of the city and in NYC for a position. He received two job offers. Guess the salary?
Now a year ago, he would have been fotunate to get the same salary offered to him; two years ago, the question would have been how deep a salary cut.
Before you scroll down, take a guess.
He received two offers of $80000 plus bonus. One was close to home; the other in NYC. And the NYC company raised the offer to $85000!
Things are starting to change in the market. Get yourself to work because two years from now, it is going to be wild again!
Jeff Altman
Concepts in Staffing
jeffaltman@cisny.com
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