Banking, Financial Services, Lending Services, Placement Annoucements

Jon Burkhart & TRG Commercial Banking Completes Successful Search

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(Richmond, VA) October 15, 2013 – Jon Burkhart and the Commercial Lending Team of The Richmond Group USA (TRG) are pleased to announce the successful conclusion of a Senior Vice President of Lending search for a successful, established and growing community bank in Austin, TX.

Recently, our client company has expanded their market presence within Austin and asked us to identify an experienced senior lender for one of their new offices. There was a critical need to identify and onboard a lender with significant knowledge of Austin’s commercial real estate market, deep roots and an extensive network in the area. This lender also needed to have strong credit and business development skills, which is a combination that is becoming increasingly harder to find. 

Due to specific qualifications this role required, a comprehensive city-wide search was conducted to uncover and attract a pool of qualified candidates. 

The new Senior Vice President of Lending is making an immediate impact on the team. In the short amount of time he has been with the bank, the Senior Vice President of Lending has already developed a pipeline of 15MM in new business between now and the end of 2013! This person will have the ability to become a key lender for the bank as they begin looking toward 2014. 

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

Engineering, Life Sciences, Manufacturing, Quality Assurance, US News

Don’t Have Champagne Tastes with a Pepsi-Cola Pocketbook

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As hiring continues to heat up in the life sciences, we have noticed an emerging trend as of late:  there is a price mismatch between the skill sets our clients are looking for and how much they are willing to pay. It seems that employers are still under the false perception <X{(}>(perhaps due to the stubbornly high overall employment rate) that candidates are plentiful and will accept whatever offer they are given. This assumption could not be further from the truth. The fact is that the unemployment rate for those over 25 and with a college degree <X{(}>(which covers most positions in the life sciences) is under 5% which constitutes what most economists call full employment. The job market has turned and the “A” players -those candidates that you want to join your team -know it. Let us work with you to successfully price positions to their fair market value or expand your requirements so that you can attain the talent that you both want and can afford.

Engineering, Manufacturing, Placement Annoucements

Joe Young & TRG Manufacturing and Engineering Complete Successful Search

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(Richmond, VA) October, 1 – The Richmond Group USA is pleased to announce the successful completion of a search for a Sr. Mechanical Engineer in Eastern Virginia. Our client is an industry-leading manufacturer of industrial equipment with a rapid growth plan out of their North American Headquarters. This role required an experienced Mechanical Design Engineer, with demonstrated experience working with the design and development of engineered to order equipment for their ever-expanding customer base, who could play a pivotal role on their engineering team with the ability to spearhead large projects as well.

The company’s products are in demand and sales have continued to rise which has lead to a large amount of capital investment from their parent company into the business here domestically. This person will be a key member of their mechanical development team, and will help streamline their design processes and systems, to help improve their customer’s satisfaction across the globe given the complexity of their product lines.  

By working closely with the client we developed a deep understanding of their culture and the caliber of individual it takes to be successful in the role. Joe Young and his team were able to identify and attract an outstanding candidate with the industry knowledge and hands-on mechanical aptitude that was highly sought after for the position. 

Finding top talent to grow your business requires access to professionals who are not always actively seeking a new job. What are you doing today to secure your future talent needs?

For more information or about our firm and finding top talent in the Manufacturing industry please contact Joe Young & TRG Manufacturing & Engineering division at 804-285-2071 or email Joe at joey@richgroupusa.com

Engineering, Manufacturing, Marketing, Quality Assurance, US News

Hiring is steady in manufacturing in September

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Even with the uncertainty how the government shutdown will impact the economy in the next few months, the overall state of the economy seems strong.  According to the Institute for Supply Management manufacturers increased hiring for the third month in a row, while overall unemployment looks like it held steady at 7.3% in September.  The ISM reported that employment registered 55.4 percent on their index for September, which is an increase of 2.1 percentage points higher than August’s reading of 53.3 percent.  That is the highest reading for the year.  Their data also showed that the overall economy grew for the 52nd consecutive month.  Many of their panel members said that they are generally positive about the state of their businesses and optimistic about increasing demand and improving business conditions.

As the market continues to track in a positive direction the trend of offer turndowns and counter-offers is continuing to rise.  The combination of companies that are willing to fight to retain talent and a lack of a commitment to make a change a by candidates who are willing to interview is continuing to elongate and complicate hiring processes.

Hospitality & Tourism

Restaurant industry booming, helping economic growth in North Carolina

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While many other industries are still working to recover their overall employment numbers, the restaurant industry is booming across the country, driving growth in regions such as North Carolina.

Despite job losses in the late 2000s, the restaurant and hospitality services industry have rebounded faster than any other market in the state’s economy, adding more than 20,000 jobs in the last year and almost 45,000 since the end of the recession, according to the Raleigh News & Observer. Restaurant employment currently represents about 11 percent of the state’s total nonfarm employment.

In addition, North Carolina has the eighth-largest state restaurant industry in the country, and employment in the sector is expected to grow by 13.5 percent in the next 10 years. Tourism, as well, has been responsible for 193,610 new jobs in 2012 and put $4.4 billion toward the state’s payrolls.

This growth is partially fueled by movement in Cary, where a new Dave & Buster’s restaurant and entertainment complex is hiring for 200 jobs before opening in November, according to the Triangle Business Journal. Servers, host staff, bartenders, cooks and game technicians are among the available positions.

Construction

Real estate hiring leaps in New York City, other regions see related growth

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As the housing market slowly recovers in many areas of the country, hiring throughout the real estate market is beginning to gain traction in some areas of the country, helping to create jobs in areas including New York City and North Carolina.

Real estate jobs jumped nearly 3 percent in July compared to one year ago, with at least 3,400 jobs added in the past year, according to the Wall Street Journal. This growth means the city is close to meeting its June 2008 peak. Real-estate broker job growth’s growth of 5 percent during the period is a big reason for growth in the industry in both residential and commercial departments. Brokerages are adding staff to keep up with public demand for rentals and condominiums, in particular.

Real estate job growth isn’t just limited to the Big Apple, either. Recovering from an especially hard fall in 2008, the real estate market in Charlotte is currently booming, and could result in additional growth in related fields, according to CBS WBTV. Construction recovery, on top of increased house demand, has fueled not only a home-building comeback but increased demand for positions in all aspects of home construction.