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The Recruiter is a blog for workers in technology and professional markets to learn about hot fields and hiring trends from your friends at Yoh.
Yoh is one of the largest providers of talent and outsourcing services to customers in the United States. With over 374 million USD in total sales, Yoh operates from more than 75 locations and provides long- and short-term temporary and direct placement of technology and professional personnel, as well as managed staffing services, for the information technology, scientific, engineering, health care and telecommunications communities. For more information, visit yoh.com. Yoh is part of Yoh Services LLC, a Day & Zimmermann Company.

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June 08, 2006

Tales from the Far Side

Ever wonder what hiring and HR managers are advised to do about hiring by consultants and advisory firms?

We came across a report from Forrester that states, "The job market for IT professionals has had some dramatic swings over the past five to six years. Y2K and the dot-com frenzy fueled a wild supply/demand imbalance that led to bidding wars for talent, with double-digit percentage increases in wages and signing bonuses in the tens of thousands of dollars. Then the subsequent dot-com crash and economic slowdown led to the downsizing of IT organizations, the demise of consulting companies, and the unemployment of many IT professionals. The past few years have seen an improving hiring picture for IT jobs. However, the combined effects of outsourcing, offshoring, the increased use of packaged applications and hosted solutions, and the shift to service-oriented architecture (SOA) have reshaped the IT job landscape. Firms need much more focused human capital management practices, especially around compensation strategies aimed at recruiting and retaining IT professionals."

In other words, the employment market has improved and you better pay better and build programs to retain the best talent. Let's see how that advice plays out.

Posted by Jim L.

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