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CONTACT US FOR ADDITIONAL INFORMATION: McCLELLAN TESAR REYNES 333 NORTH MICHIGAN Suite #2226 CHICAGO, ILLINOIS 60601
Email: chuck@mcctr.com Phone: (312) 609-1200 Fax: (312) 726-1922
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NEWS
AND VIEWS
Clarity.
At McClellan Tesar Reynes we are
dedicated to keeping you informed, such as market conditions,
events and from time to time, we'll give you our point of view
about the world around us. |
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“A Year to Forget — What Do
Think?”
Commentary by Chuck McClellan
We are so ready
to say good riddance to 2009 and look forward to a more
promising new year. We are often asked what trends we see going
on out there in the marketplace. Here is a distillation of what
we are hearing from clients in recent months:
The Economy
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The worst
is over
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Probable
slight improvement in the 4th quarter
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Conservation of positive cash flow is crucial; expenses are
micromanaged
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Expectation
for slow gradual improvement throughout 2010
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There is a
reluctance to commit spending beyond the next quarter
Industry Trends
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Continue to
do the same with less
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Constant
heavy pressure on margins
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Client
reluctance to completely forsake investment in network TV
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Social
media gains more traction, but there are many who still have
their doubts
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Green and
innovation training are the hot new categories
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A nagging
thought: what is our new consumer going to be and how will
it affect our business models?
The Workplace
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A number of
good people are unable to relocate because this is still not
a good time to sell
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Many
qualified unemployed are leaving their past and have gone
into new industries
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Great
reluctance to leave a current firm even if people there are
unhappy
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Twitter,
Craig’s List and Monster are now generating leads of mixed
quality
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Interns
continue to work for minimum wages
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Salary
cut-backs/freezes seem to remain in place until next year
Hiring
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In general,
companies want to refill many of the slots they have cut,
margins permitting. There is great thought being given to
the changes in the specs of these jobs and the requirements
needed. We have been fortunate enough to help some of our
clients in this planning. Bottom line, many are new jobs
requiring new types of people.
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As in past
recessions, the really good people who are idle will be
hired fast and the mediocre will still be out there looking;
further, many people go into new industries when their old
one has no openings. Unlike past recessions, the really good
people, even though they are overworked and underpaid, will
be reluctant to give up the security of their current job
and look at new opportunities.
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We sense
there will be a growing shortage of talent across the board.
Money is not necessarily the answer. We are seeing other
inducements being discussed.
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HR has not
been immune to staff cuts. As a result, many departments are
so overwhelmed and understaffed that qualified resumes may
be overlooked.
Agree
disagree? Looking ahead, we would like to discuss what you see
for next year and hear your comments.
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Additional information...
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