When it comes to how well the economy is doing, there are a few numbers that we at Top Echelon always look at. One of them is the number of job orders in the Top Echelon Network system.
I’m pleased to report that a recent database search revealed that there are currently 13.9% more job orders in the system than there were at this time in 2012.
When the recession hit in 2008, the number of job orders that Preferred Member recruiters were sharing in Top Echelon Network took a hit, as you might imagine. (Just about everything took a hit during the recession.)
Companies weren’t hiring at the time. They were cutting—both resources and staff. As a result, not only did many recruiters have fewer job orders, but there were also some that went out of business.
That’s the bad news. The good news: it seems as though that’s all in the rearview mirror. Job orders have grown even more quickly since the first of this year. In fact, the majority of that 13.9% growth has taken place during the past five months.
That means the activity level in the marketplace is picking up again, and as a result, companies are handing out more job orders to recruiters. These aren’t just replacement job orders, either; these are job orders primarily for newly created positions.
That’s an important distinction, since it means that companies are extremely productive, are experiencing growth, and are willing to hire to keep up in both areas.
What’s been YOUR experience? Do you have more job orders than you did a year ago at this time? If so, how many more? Are your clients experiencing more urgency when it comes to filling open positions?
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