WORKERS READY TO MAKE A CHANGE!

It is taken form the Gilbert Gazette newsletter.

• Note the projected number of folks heading back to India and China.
• These are typically your highly educated people.

Surveys Shows Workers Are Ready to Make Changes
Several recent surveys show that the recession is having a profound impact on workers and employment trends worldwide. Even though they measure different things - global hiring, immigration repatriation, and career trends - the theme is the economy is global and when it recovers, things will not go back to the way it was.

Reverse Immigration: More skilled immigrants are pursuing careers back home, raising concerns that the U.S. may lose its competitive edge in science, technology, and other fields. "What was a trickle has become a flood," says Duke University's Vivek Wadhwa, who studies reverse immigration.

Wadhwa projects that in the next five years, 100,000 immigrants will go back to India and 100,000 to China, countries that have had rapid economic growth.

Monster poll: Workers in North America and Europe showing 89 percent would consider or would make a career change if it meant finding a new job. While only 11 percent of the 22,444 of Monster site visitors in Europe, Canada, or the U.S. said they wouldn't change careers, while 49 percent said they're ready to change careers now.

The 'Global Snapshot' survey from international recruitment firm Antal asked 7397 companies in major markets such as western and eastern Europe, Africa, India, China, and the USA if they were currently hiring at professional and managerial levels. The survey shows current hiring across the globe is up from 46% of respondents to 50% now. Organizations intending to hire is up from 44% to 48%. Organizations intending to shed staff has fallen from 35% to 25% now.

In the US, the percentage of organizations hiring has risen to 55% from 43% in April and of those intending to hire in the coming quarter to 56% from 34%. Furthermore firing levels are down, albeit marginally from 38% to 34%. In the U.S., 55 percent of respondents report hiring, with the same percentage planning to hire next quarter. By Joan Runnheim Olson

This article speaks to what I have been seeing in the market. Activity is picking up, more and more banks are backfilling & topgrading talent than at any time in the last two years.

Stan Taylor, CSAM