A number of our clients have asked us what to expect on the hiring front for 2011. While we can't predict the future, our experience in Executive Search, Outplacement and Career Consulting provides us with insights on trends, salaries and current market conditions.

Q. What is the talent pool like right now?

A. It depends on the calibre and skill set of the individual you are seeking. If you require specialized skills and want a high-calibre individual, the short answer is "limited." To some degree, the market for strong people doesn't change. At any time, there are a limited number of excellent candidates with the specific skills you require, and to find these candidates you will need to target recruit them. While there are some great candidates who have been downsized, we continue to observe that the largest group of individuals who are "on the market" are generalists who are lacking well-developed leadership or interpersonal skills. To find specialist skills or strong leaders, you will primarily need to attract  individuals who are currently employed.

Q. How long can I expect my recent hire to stay in the company? It seems as if I spend all my time in hiring mode.

A. In the last 20 years, there has been a trend towards candidates moving from one company to another more frequently. As we speak to candidates, we have noticed there are two distinctive groups emerging: one group really would like to stay at one company and embrace long-term challenges and career growth, while the other group only expects to work in a role for about two years and then is quite prepared to move to another company to gain more diverse experience. If you want to retain staff in your organization for the long term, you will need to specifically screen for these types of candidates, demonstrate a plan for their career development during the interview process and ensure that your organization offers educational courses and timely promotions.

Q. Will I have to increase salaries this year to attract strong candidates?

A. The answer is likely "yes", but not significantly. Our expectation is that there will be some steady hiring this year, which will likely raise salaries a little. During the recession, candidates' salary expectations were lowered - but now, with the perception of a better economy, candidates are anxious to get their salaries back on track.

If you would like additional information about these topics or have different questions, please call us. We would be happy to share our knowledge.