6
Situations that Say:
"We Are Hiring"Your chances of landing a great job will
be greatly improved if you pay attention to the business press, trade magazines and stock
market. The following are some of the situations that signal hiring and some of the
situations that say not.
1) Companies announcing
record sales
Record sales mean more demand and more demand generally means more people are
needed.
2)
Companies with changes
in Senior Management
or Department Management
Whenever a key management person leaves, many of his/her staff will also leave.
The new person will want to bring in his or her own staff and surround him/herself
with people loyal to him/herself.
3)
Companies relocating to your city
Relocation always loses some key people because they do not want to leave their
homes or move their families. Many companies will relocate management but not support
staff. This opens opportunities.
4) Companies awarded government contracts, FDA
approval or patents
With these designations in place, hiring generally begins in earnest because
orders waiting for these events must now be filled in a short period of time.
5) Companies concluding a successful public
offering
A successful IPO means money in the bank for expansion. Expansion means
jobs.
6) Companies receiving venture capital or
outside investment
This can either signal new hires or a focus on
distribution and marketing. Either way, the companies can pay their bills and will likely be looking for new help.
TOP
5
Situations That Say:
We're Not Hiring
1) Companies entering quiet periods
This happens when a company is pre-IPO or about to merge or be acquired. No
changes can occur during this period.
2) Companies involved in mergers and
acquisitions
Mergers generally result in layoffs because there will be redundant positions
within the companies. This means they will not be hiring for awhile.
TOP
3) Companies facing NASDAQ Delisting
These companies depend upon public money and public opinion to survive.
Delisting is a serious blow to the companies viability and ability to pay its salaries and
survive in the market.
4) Companies announcing layoffs
Generally if they are laying people off, the company has a hiring freeze in
effect.
5) Companies involved in a major
PR scandal or lawsuit
This year it is Enron, WorldCom and Arthur Anderson. Firestone had this problem in 2000 and again now with Ford canceling their contract. Lost business results in income losses and layoffs. Eventually
some will recover, but it will take about eight years. Just ask
Jack-in-the-Box. Remember e-coli?
On the flip side, companies involved in this type of problem push customers to the
competitors. The competitors will need to hire to keep up with the increased demand.
TOP | BACK
| NEXT
|
