While headhunters can get lofty retainers for executive positions, a 16-year low unemployment rate and a record-high number of job openings are turning workers across all sorts of industries -- from construction to trucking to software engineering -- into hot commodities. The need is so dire that employers are handing out large signing bonuses, giving second looks to people with blemishes on their resumes and reaching out to professional recruiters more than ever.
The numbers show why that’s the case: There were 1.17 unemployed job seekers for every vacancy in April, the second-lowest ratio in data going back to 2000. That compares with a post-recession peak of 6.65 people per job opening in July 2009. Revenue for U.S. search-and-placement services rose to $21.9 billion in 2016, almost triple the level in 2009, according to estimates from the American Staffing Association.So. Anyone getting signing bonuses these days? Big Pharma handing out bonuses to new Ph.D. chemists these days? Let's have it.
(I'm going guess yes? But maybe I'm wrong. I presume that regional competition (within Boston or San Francisco) is quite high, but not particularly strong elsewhere.)