| Top-Consultant.com: recruitment will concentrate in second half of the year |
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| | With half of management
consultancy recruiters
not having scaled back
their hiring targets for
2009 and more than one
third of recruitment
campaigns being held
back, survey findings
from management
consultancy’s premier
jobsite
Top-Consultant.com
suggest that recruitment
in the industry will
concentrate in the second
half of the year.
These are the
preliminary findings from
Top-Consultant.com’s
latest annual recruitment
channel report, which is
in its eighth year. The
current issue combines
responses from 142
management consultancy
recruiters and 877
consulting candidates.
The full report is now
available to
download and makes
interesting reading.
According to the
results, there was an
equal split between
recruiters who had scaled
back their hiring target
for 2009 as a result of
the economic uncertainty
and those who had not.
Roughly one third of
recruiters said their
target for 2009 is to
make slightly fewer hires
than in 2008. About 20%
plan to make the same
number of hires as last | |
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| | year, while a little over
20% plan to make
considerably fewer hires.
However, a significant
number plan to make more
hires in 2009 – 10% need
to hire considerably more
and 15% said they will
hire slightly more
consultants than last
year.
Perhaps
unsurprisingly, the
economic uncertainty has
caused 34% of recruiters
to delay their major
recruitment campaigns for
2009, as consultant firms
try to read the direction
of the market.
Top-Consultant.com thinks
this will result in
pent-up demand, given
that hiring targets are
not slashed radically,
which will materialise in
the second half of the
year.
Recruiters will also
have to make do with
reduced budgets, with 38%
reporting reduced budgets
in light of changed
market sentiments.
About one in 10 (12%)
recruiters reported that
recruitment has been put
on hold as a result of
market uncertainty.
Pockets of
recruitment activity
Recruiters singled out
the public sector as a | |
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| | pocket of recruitment
activity over the year.
The sector was followed
by cluster of three
others with almost
identical results: energy
& utilities, purchasing &
supply chain and
healthcare & pharma.
IT/software
development consultants
will be the most
sought-after during the
year, followed by
business process
improvement consultants
and then
programmer/project
managers. With equal
responses are the
following three
functional areas:
outsourcing, strategy and
technology.
Recruiters report that
most often they will turn
to experienced candidates
from other consulting
firms, suggesting that
poaching will be the most
popular way to meet
hiring targets. Industry
and the public sector are
the second and third
choice for sourcing
experienced hires. MBA
and university finalists
don’t seem to be high on
the priority lists of
recruiters in 2009.
The full report can be
downloaded
here. | |
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