Monday, December 3, 2007

Phoenix, AZ Jobs Update

This, just in from Area Manager, Michelle Marrs and Branch Manager, Daria Frye on the state of the Phoenix marketplace.

The Phoenix Contract Market is busy as it always is this time of year.

With the year end in site Phoenix businesses are scrambling for contract help on all levels. Pay rates are becoming more reasonable for a market that is no longer on the C-level due to our cost of living. Specifically, the end of year overloads are bringing lots of temporary needs for accounting personnel and the tourist season is opening up the need for additional staff in both the administrative and accounting arena. We have not only the Super Bowl in early 2008 but also the TPC – Phoenix Open Golf tournament.

Phoenix is striding purposefully to a year-end high for contract employees

Seattle, Wa Jobs Update

This, just in from Executive Search Director, John Herd, on the state of the Seattle marketplace.

Seattle continues to see a strong hiring market fueled my our diverse economy. We are fortunate that if one area slows down such as timber and financial institutions our high-tech wireless, aerospace and retail are able to pickup and flex. Specifically we are seeing more senior level financial roles coming available along with the usual demand for staff and senior accountants. More and more companies continue to put an emphasis on having a CPA and few of our clients have even gone as far to require all degreed accountants to be a licensed CPA.

This demand has been great for salaries across the board. It should be a great time to be an accountant…

Silicon Valley Jobs Update

This, just in from our Silicon Valley manager, Staci Birkendahl, on the state of things in Silicon Valley.

Regardless of what’s going on in the California real estate market or the stock market it sure is a good time to be looking for a job in Accounting or Finance in Silicon Valley. Hiring has been a-plenty this year. We have seen a sharp increase in job opportunities across the board—contract and direct hire. The candidate pool is tight, unemployment is low, so those interviewing are experiencing hiring managers moving very rapidly, they are seeing multiple offers, and sign on bonuses are very much a part of the ‘deal’ now-a-days. Our contract division has been very busy; they have specifically seen a high demand for more of the specialized positions, meaning those that were eliminated in a weaker employment market. Specifically, Software Revenue and Cost Accounting are skills that are highly sought after. These positions are once again being carved off the Sr. Accountants desk and companies are adding headcount for these specialties. Of course the demand is overwhelming for any level of SEC and SOX/Audit in this ever-changing “Sarbanes-Oxley/control ridden” environment!! Overall, we are seeing that salaries are on the rise, especially if you are a Big 4 CPA!!

Tuesday, November 13, 2007

Business Rebound

We experienced a slow summer in terms of business on both the contract and direct hire side. In listening to other staffing firms in the areas in which we compete, we weren't alone. The interesting thing is that things have been picking up in the fall, so much so, that our contract business is stronger than anytime in the last 18 months. Demand has returned and our biggest challenge continues to be finding talent for our clients. In an economy like this, most accountants that want a full time position are either working or are confident enough in their ability to find work that they aren't willing to work as a contractor. This limits our talent pool and makes our job particularly difficult. At this point, most, if not all of the heavy lifting is on the recruiting side of our business as the demand continues to roll in from existing clients as well as new ones.

On the direct hire side, business has come back with a vengeance as our order boards are full and we just successfully completed a large number of searches over the last few weeks. The key now for is to find internal recruiting talent in our Santa Clara operation to help spearhead our search business.

Thursday, November 1, 2007

When it comes to changing jobs, Money talks

We were surprised with the responses we received in regards to a survey we conducted of several thousand candidates that we have interviewed over the years. In our poll, we found out that almost 80% of all employees would be enticed to leave their current position with only a 20% increase in pay. Click here for a link to the survey result.

This high percentage came as a bit of a shock to us as well it should to all employers that are out there.

We also had several other questions we asked that provided interesting results. I'm thinking I may publish some of these as well.

Friday, October 26, 2007

Cool New Search

We just started working on a great search for a client that also happens to be a good friend of mine. He is CEO of a cool firm that is designed to increase the number of sellers of goods on EBAY. Apparantly, when EBAY first started, its intention was to be a marketplace where users could sell their used items. What has happened is that it has evolved into a place where the volume is now driven by large companies selling new items.

My client has created a revolutionary business process (patents pending), together with the ease of hand-held mobile technology that empowers a new generation of online sellers.

Their basic concept is helping people turn clutter into cash. All of us have junk sitting at home in our house but we are either too lazy or don't care enough to sell it. You will now be able to call an 800 number and they will dispatch a representative to your house who will come armed with a hand held device that can photograph and upload directly to EBAY for a listing. If you have a question on pricing, they can tap into a large database that will spit out how much you should expect to make on the item.

Additionally, they are able to grow quickly because they are building out a sales team through a MLM model in which they simply focus on hiring the top 25 distributors and then they take care of bringing on others. In only a few short weeks, they have built an amazing team.

They have come to us to find a CFO for their publicly traded firm ( traded on pink sheets) We are tasked with finding a financial executive that has the foresight to see the amazing possibilities with this company who also possesses a strong financial background and a willingness to be hands on. For the right person, this will be a great opportunity. We feel that it is big enough that we are willing to trade a large portion of our fee for stock in the company.

While this is a challenging post to fill, it is fun to work on.

Intro Blog

Having never blogged before, I am struggling to determine what to blog about. I run a regional specialized recruiting firm that is based in Northern California and with offices in Santa Clara, CA, San Ramon, CA, Bellevue, WA and Phoenix, AZ. Our firm specializes in staffing accounting and finance positions on a contract as well as direct hire basis. We also own 50% of an IT staffing business that focuses its efforts on contact and Direct Hire placements in the IT Arena.

It is my intention to share any insights that I feel may be of interest, including the areas of hiring, leadership, staffing and running a small business. Any input is appreciated.

Ted Macauley