John Borrowman, CPC
Borrowman Baker LLC
BV hiring has grown stronger throughout 2011. The momentum we are seeing is the result of several factors, and should continue through the rest of the year and into 2012.
Slowly but surely, BV hiring has been on the increase. We have not returned to the go-go days of demand that we saw before the recession. Chances are we won’t see those days anytime soon – if ever. While there’s still the need for BV practices to hire “ahead of the curve”, employers are more cautious about expanding payroll costs beyond a reasonable point.
From our bird’s-eye view we see several trends.
The majority of hiring tends to be happening at the Manager level and below. As a practical matter, employers find it easier to contemplate added expense at lower levels than at higher ones. Moderate investments in personnel allow practice leaders to meet their needs for increased production capacity without cutting too deeply into the profitability that keeps the whole enterprise moving forward.
Hiring is becoming more evenly spread across the country. Historically, the volume of BV hiring in any location was largely a function of the size of the market. As the industry recovered, however, we saw hiring become more geographically “spotty”. The “one here – one there” hiring has given way to the return of more historical patterns.
The broader economic recovery is impacting hiring. As more and more businesses begin to add employees, those opportunities are attracting BV professionals who leave the industry. Replacing those professionals means that BV practices are hiring, even though they might not have needed to simply to meet the demands of increased production.
None of this means that you should blast your resume out. It does mean that you can feel more comfortable in lifting your head above water to investigate how you might advance your career.
If you’d like to be better positioned to hear about attractive BV opportunities, Contact Us for a confidential conversation about your situation.