12 November 2014
Great news for those seeking temporary employment: according to the US Bureau of Labor Statistics, October saw a growth of 8.79% year over year in temporary job orders—the highest rise since April this year. Specifically, 15,100 additional temporary roles opened in October, with the year-over-year number of jobs reaching an increase of 237,700 from October 2013 to 2014. Of course, job numbers fluctuate, and October’s month-over-month numbers were actually less than September’s. But with this comes another record high: a 2.10% penetration rate for temporary jobs. At The Execu|Search Group, October has been one of the busiest months yet for temporary job orders across all divisions. Our October Employment Index noted a 34% increase in full-time jobs and an unprecedented 107% increase in temporary and temporary-to-permanent job orders year-over-year. So if you think Q4 is the wrong time to job search, think again! Temporary employment is notably high as employers seek help for the holiday season and beyond. As for permanent roles, hiring is ramping up to prepare for the new year. If you’re looking to secure a full-time position, remember: temporary roles are a great way to sharpen your skills, and can possibly lead to permanent placement for the right candidate. For more information on how to secure a position during the holiday season and extend it into a full-time placement, reference our article, Turn That “Holiday Job” into your “Job!”
12 November 2014
This morning, on National Public Radio (NPR)’s Marketplace Morning Report, the topic of conversation was the much-anticipated announcement of Goldman Sachs’ new Partners. The financial giant makes this announcement every two years, and for those who are selected, landing on that list can be the peak of their career. Mitchell Peskin, Partner and Executive Vice President at The Execu|Search Group who oversees our Financial Services division, weighed in on the event. “It literally becomes a huge compensation event,” said Mitch. “It means the ability to now participate in the Goldman Sachs Partnership bonus pool.” According to the radio show host, that pool can mean millions for each Partner involved—on top of a salary already reaching $1 million per year. However, the title of Partner can be taken away, so those who have worked hard to earn it will have to work harder to keep it. According to Mitch, the work pays off. “If money is important to you, and I would say it is to most people that work on Wall Street, it’s as good as it gets.” You can listen to the segment here.