With 7 million jobs lost and 15 million people unemployed in the U.S., this recession has ravaged the recruiting space as much as any other. But for those of us who remain, it's time to pick ourselves up and figure out how we are going to make money in 2010. Based on economic conditions, we’ve listed our best guesses on areas that should fare well (opportunities) and those that may be challenged — those that may need to increase hiring and those that may not.
Opportunities:
Anything China. Representing a whopping 83% of the U.S. trade deficit, excluding oil*, China’s production was up 16.1% and retail sales up 16.2% in October. China is the clear winner as we exit this recession. U.S. companies increasingly rely on China to manufacture their products and are also racing to capture market opportunities inside China. U.S. employers will benefit from employees with experience in China-related management, production, sourcing, logistics, human resources and market development.
Discount and Online Retailing. With unemployment at 10.2% and growing and credit tightening in the U.S., don't expect the American consumer to roar back anytime soon. Discount and online retailers have proven to be the big winners in this recession, and this should not let up anytime soon. More>>
Read the full article at the following link:
http://www.recruitersworld.com/Articles/RW/David/jobs2010.asp
Tell us what you think. What is going on in the industry/industries you are in? We'll include some feedback in next month's RW in Review. The main topic next month is about what companies specifically are doing related to recruiting in 2010. Send us your feedback to feedback@recruitersworld.com. |
