People in our network frequently ask for our observations regarding current market conditions and hiring practices.  We speak daily with companies and candidates about what is going on in the market and compile these observations to make them available on a quarterly basis. These are not predictions or based on any numerical data. These are market observations based on meetings with our network of contacts.  If you would like to receive a quarterly email link for the Woodlyn Partners Market Observations please send an email to marketobservations@woodlynpartners.com

Q1 2008 Market Observations

Despite the concerns of a recession looming over the national economy, the technology industry here in New England continues to thrive.  Our first quarter activity indicates that companies are growing their sales & marketing organizations and its business as usual. 

The current landscape continues to show a shortage of qualified candidates and companies are still struggling to meet hiring demands.  People are open to making job changes, but because of the current economic mood candidates are doing so with more caution than a year ago.  Hiring managers now recognize their role in the recruiting process and understand that many times candidates need to be convinced to join their company versus other opportunities they may be considering.

Employers today face the customary challenges of a healthy job market and need to consider the following:

·        Hiring managers having the most success are actively engaged in the recruiting process.  They need to present a compelling reason for a candidate to join, and move quickly and aggressively once they’ve identified the right person.

·        Career growth vs. job change.   Candidates who are not necessarily in the market are often available for the right career move.  Each person has a different definition of a career move and understanding a candidate’s motivation will help attract top talent.

·        Candidates considering multiple job opportunities look for ways to differentiate them.  Career path, compensation, culture, work life balance and commute are some of the most common deciding factors.

·        Companies are extending counter offers at the time of resignation to retain their top talent.  Engaging a recent hire prior to start date is recognized as part of the hiring process.

When looking to make a job change in this market, candidates should consider:

·        Companies expect that candidates will do their homework and come prepared to be interviewed.  Hiring managers are often disappointed when candidates do not take the time to learn more about their company.

·        Realistic compensation expectations as they consider their next career move.  Compensation should be only one component of their decision criteria.

·        In this very active job market, it can be confusing if you do not have a plan and criteria for your next opportunity.  There are certainly opportunities out there and understanding what’s important to you will help you make a good choice.  Be sure to leverage your network and align yourself with reliable resources to be made aware of current market conditions.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    

Woodlyn Partners had activity this past Quarter in the following technology areas:

Online Data Backup Service

Automated Customer Contact Solutions

Remote Access and Desktop Control Software
Social Networking Services

Talent Management

Web Site Optimization

MS Conversion and Migration

On Line Media and Gaming

Infrastructure Software

Healthcare software

Email Marketing

Financial Services

There is no crystal ball regarding the economy and everyday we are all getting pounded by bad news.  However, in our corner of the world, the high tech job market is still strong.  Companies are growing their sales and marketing organizations and there continues to be opportunity for candidates to enhance their careers.    

If you are a High Tech Sales or Marketing professional, we invite you to visit our Opportunities page at http://www.woodlynpartners.com/opportunities.asp.  Please contact us to discuss how Woodlyn Partners could be a resource to you

or forward this link to anyone in your network.