CNN/Money One for credit card only hard offer form at $9.95 One for risk-free form at $14.95 w/ $9.95 upsell  
Personal Finance
graphic

More jobs, but hunt is still hard
There are more opportunities. But employers are still cautious about who and how many they hire.
June 4, 2004: 12:05 PM EDT
By Jeanne Sahadi, CNN/Money senior writer

NEW YORK (CNN/Money) – There have been three consecutive months of strong jobs growth. But for white-collar, middle-management types in many industries, finding a job is far from shooting fish in a barrel.

Instead, recruiting and compensation experts report seeing only "moderate" increases in hiring.

"There are quantitatively more positions opening up than two years ago or one year ago," said Mark Jaffe, principal of executive search firm Wyatt & Jaffe. But, he added, "it's premature to predict that everything is coming up roses."

Slow and strategic has been the mantra of companies seeking to hire new employees. In many cases, when they hire, they're replacing talent, rather than creating new posts, recruiters said.

Much, however, depends on the industry. At Lynne Palmer Executive Recruitment, which specializes in publishing jobs, the number of listings has doubled since November, said president Susan Gordon, who characterized the number of opportunities as "very healthy."

Some of that growth has come as a result of companies opening up new offices or new departments, she said.

But in other areas, such as telecommunications, it's still a recession in terms of jobs growth, said Bernadette Kenny, executive vice president of outplacement firm Lee Hecht Harrison.

What about pay?

In terms of salary negotiations, the news is improved since last year.

"Some of the leverage has moved from the employer to the employee," said compensaton consultant Alan Johnson, founder of Johnson & Associates, which works with financial and professional services firms.

The reason is simple: "People are anxious to recruit the right person. They're selectively hiring," Johnson said. And the posts they want to fill are often posts they now realize they should have filled six months ago.

RELATED ARTICLES
graphic
Job growth strong again
Exodus of the job hoppers?

So if you're a desired candidate, chances are fair that you can negotiate a compensation package that's the same or more than your last paid position.

About 50 percent of job seekers who have worked with Lee Hecht Harrison land a position that pays the same as they were making before, while 25 percent are making more, Kenny said.

Johnson and Gordon find that more candidates than not are securing pay that's the same or better than what they used to earn, especially compared with job searches conducted last year.

And a first-quarter survey by job placement firm Challenger, Gray & Christmas found nearly 84 percent of job seekers landed positions that offered them equivalent or better salaries.

What about job-search times?

Compared with three years ago, "companies are taking a longer time to hire people," Kenny said.

That's good news because it suggests, unlike in the dot-com boom, the offer made – and the job at hand – is a solid one, and companies are making every effort to make sure they get the candidate who is the best fit.

YOUR E-MAIL ALERTS
Job Market
Employees
Economy
Labor

But it can mean bad news for job seekers interested in landing a new position quickly.

Job seekers working with Lee Hecht Harrison have taken between four to six months to find work, Kenny said.

The Challenger survey, meanwhile, found that in the first quarter of the year, the average job-search time took nearly 4 months. That's longer than the search times in the second and third quarters of last year and about the same as in the fourth quarter.  Top of page




  More on PERSONAL FINANCE
How can I protect my investments from inflation?
How to catch up on retirement savings in your 50s
How do you know you're really ready to retire early?
  TODAY'S TOP STORIES
7 things to know before the bell
SoftBank and Toyota want driverless cars to change the world
Aston Martin falls 5% in its London IPO




graphic graphic

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.