Editor’s Note: This was the feature article in this month’s TechCom Manager newsletter, reprinted here with permission. Click the previous link to subscribe to the newsletter.
Jobs, jobs, jobs! The headlines are everywhere and seem to be the core topic on everyone’s mind. If you are a manger who is lucky enough to add to your staff, you may feel like a pageant winner right about now. Once the celebrating subsides, you are left with a tough decision to make. Exactly what kind of employee are you looking to hire?
There are certain characteristics inherent to every candidate search, but none is more influential than total cost versus overall experience ratio. You may be thinking that now is the time to get a great deal on valuable talent. In many instances, you may be right. But ask yourself this: Has the job market really become a mirror image of the current housing market? Are there some great MBA candidates and stellar employees available at a reduced salary band? Yes and no. All things being relative, you will still have to weigh your options according to your needs and take a leap of faith. However, there are some surprising data points emerging from our current economic conditions as well as a few key ideas to consider before you begin searching for your next team member.