Southwest US, Uncategorized

Austin, Texas, continues to be a leader in job growth

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austin texas

Austin Texas

Cities in Texas dominated the list of 2014’s Fastest Growing Cities published by finance website WalletHub. Mission, Irving, Edinburgh, Austin and Pharr were all listed within the top 10. The list was created based on socio-demographic landscape, as well as jobs and economic development.

The greater Austin area is projected to be a particularly vibrant area for job growth, and was listed at No. 1 for being the fastest growing large city in the U.S. According to Forbes, Austin’s reputation for creative culture and a burgeoning music scene, paired with many emerging companies that have chosen to call it home make it a destination for highly qualified talent.

The source noted that many of the new positions coming out of the metropolis are in premium industries with salaries starting at six figures. Some of the fastest growing fields in the area include the biotechnology, pharmaceutical and technology trades. Unemployment rests at 4.3 percent, significantly lower than the national figure of 5.9 percent. Job growth increased by 4.3 percent last year and is expected to steadily increase.

Engineering, Manufacturing, Marketing, US News

Beware The Fear of Change

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Unemployment was down below 6% in September for the first time in six years.  That’s making it harder for many employers to land their “first choice” candidates.  The unemployment rate fell last month because more people were getting jobs, not because they were dropping out of the labor force as had happened during the economic recovery.  With more people going to work, companies are realizing that candidates who interview with them have too many choices, including staying where they are.  Fear of change is wreaking havoc on too many interview processes.  Good people have always been hard to find, now they have the luxury of being picky, too.  Manufacturers are benefiting from steady growth across the U.S. economy as better household finances and the pickup in commercial building continues to boost demand for manufactured products.

 

Bruce Peacock
Vice President of Business Development
The Richmond Group USA

 

 

Banking, Financial Services, Lending Services, Placement Annoucements

Jon Burkhart & TRG Commercial Banking Complete Successful SVP of Commercial Lending Search

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(Richmond, VA) Ocotber 7, 2014 –  Jon Burkhart and the Commercial Banking Team of The Richmond Group USA (TRG) are pleased to announce the successful conclusion of a Senior Commercial Lending search in Atlanta, GA for a successful and established Atlanta-based community bank.

During the second quarter our client-company reached out to us with a confidential replacement need for their Atlanta, GA location.  They had been looking unsuccessfully for six months for a seasoned C&I lender who knew how to underwrite and find their own business.  They also needed to be established in the Atlanta market with C&I-specific relationships that would allow them to immediately hit the ground running.  

Due to the specific qualifications this role required, a comprehensive search was conducted to uncover and attract a pool of qualified candidates in Atlanta and its surrounding suburbs and communities.  Because of our deep, already-existing relationships in Atlanta, we were able to identify and qualify the right candidate in less than three weeks.  

The bank now has a senior commercial lender who has over 5MM in new loans in the pipeline to close before the end of the year and has already been instrumental in mentoring younger lenders, while the senior commercial lender now has the ability to make much larger loans and develop more sizeable client relationships. 

As your business continues to grow, so does your need for talented individuals. What are you doing today to secure the future talent needs?

Should you desire additional information about this successful search or about our firm please contact Jon Burkhart and the Commercial Banking division at 804-285-2071 or email Jon at jonb@richgroupusa.com

Biotechnology, Engineering, Life Sciences, Monthly BLS Report, Quality Assurance, US News

Shutting the Revolving Door of Top Talent

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The Life Sciences seem to be heating up just as the weather starts to cool down.  The biotech index and funding are at record levels far surpassing their previous highs. Everyday within the life sciences another article comes out touting simply amazing new products and ideas. Furthermore, evidence indicates that the job market is growing ever tighter as unemployment dipped to 5.9% overall according to the Bureau of Labor Statistics. In such a marketplace, companies have to be careful that their top talent, long content to wait out the recession, doesn’t begin to leave as the economy returns to full employment.  This article gives several suggestions on how to eliminate or at least ameliorate turnover. At TRG Life Sciences, we would much rather help you increase top talent due to expansion or top-grading than replace your existing high performers.

Chemical, Engineering, Food & Beverage, Green Tech, Manufacturing, Mining, Monthly BLS Report, Plastics, US News

Retention is Key

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Now three quarters in to the year there have been some valuable learning lessons and observations in staffing. The first is that a perceived lack of skilled talent has been identified as a top reason why companies struggle to find the right candidates. This in my opinion is a myth. There are increased expectations of employers and the complexity of positions, therefore skills and “must haves” restrict the opportunity for many skilled professionals to be considered for an interview.

A second observation is that higher compensation demands are limiting candidates from making changes and challenging employers to attract talent from their competitors.  Companies looking for a competitive advantage may have to recognize that higher compensation is an investment in getting higher quality candidates. It also leads to greater employee retention and prevents a talent exodus when the competitor calls your people offering more money.

A final observation is that employees are seeking development, growth and an opportunity to learn on the job.  Employers with great retention strategies provide development opportunities and aid employees in career development. Plus they traditionally attract younger talent and greater employee career commitments.

Engineering, Manufacturing, Placement Annoucements, Southeast US, US News

TRG Manufacturing Division announces another successful search

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Bruce Peacock & The Manufacturing Search Team of The Richmond Group USA (TRG) are pleased to announce the successful conclusion of an General Manager search for an industry leading manufacturer of specialty polymer products.  This person will be responsible for directing the engineering, production, and operational functions in order to meet customer expectations, and promoting profitable sales growth while maximizing the production of high quality products in a safe and cost efficient manner.

We took on the challenge of finding a high-energy General Manager who had both the well-rounded technical lean manufacturing background and high-volume/mass production experience to make an immediate impact within their organization.  A comprehensive national search was conducted to uncover and attract a pool of qualified candidates.

We identified a dynamic Operations & Continuous Improvement Manager who has a BS Mechanical Engineering as well as a MBA, and has previous success managing a large group of technical employees for a number of large, reputable manufacturers.  This placement will provide our client company with a proven leader to join their management team and take over the responsibilities of their site.

Should you desire additional information about this successful search or about our firm please contact Bruce Peacock & TRG Manufacturing Division at (804)285-2071 or email Bruce at brucep@richgroupusa.com

 

Bruce Peacock
Vice President, Business Development
The Richmond Group USA