Job Market Persists in Exhibiting Signs of Split Personality Disorder

Executive Recruiters' Confidence in Next Six Months' Performance Remains High

For several months, the job market has exhibited various characteristics seemingly at odds with each other. Data from July continues this trend. Concurrently, however, job cuts continue apace: Employers announced plans to shed 41,676 workers in July, according to global outplacement consultancy Challenger, Gray & Christmas, Inc., which released its latest report on planned job cuts on Aug. 4. The 6 percent increase in layoffs, compared to the 39,358 layoffs in June, also mirrors others’ findings over many months’ time.

The Job Market Is Over, Under, Sideways, Down

Data Show Possible Downward Trend in Planned Job Cuts

Where’s the job market headed? Just ask The Yardbirds, and they just might answer you with one of their greatest hits from the ’60s, “Over Under Sideways Down.” And they’d be right. According to data from several sources we’re either over the recession, under the pall of it still, or looking sideways to healthy job markets elsewhere, and against this backdrop, employees are feeling down in key markets.

Boomers to Gen Y: How the Times Have Changed!

Steven Rothberg, President & Founder, College Recruiter.com

The Baby Boomers are retiring and the next generation, Gen X, isn’t nearly large enough to replace the talent. So employers of all sizes, shapes, and colors will need to replace the bulk of their Baby Boomer employees with members of Gen Y, and any way that you compare those two generations you’re bound to see significant differences.

Karmic Recruiting

Chris Murdock, Senior Partner, IQTalent Partners

Recruiters and Sourcers spend their entire careers dealing with and helping people. Be it with candidates, hiring managers, clients, or coworkers, we spend our days interacting with people. We also deal with preconceived notions created by the actions of others and by our own mistakes. Essentially, this means we have to deal with the recruiter Karma, be it bad or good, that is already out in the communities in which we recruit.

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