DBM SURVEY REVEALS INDUSTRY SECTOR HIRING TRENDS
Average job search time holds steady at four to six months
A recent survey of DBM consultants have found job search time is holding steady. However, there are a few bright hiring spots on the horizon.
New York, NY, December 4, 2003 -- Healthcare/Pharmaceutical, Finance, and Professional Services will be the most popular hiring sectors over the next six months, according to a recent survey conducted by DBM, a global human resources consulting firm, and part of The Thomson Corporation (TSX: TOC; NYSE: TOC). The survey reflects job market observations of DBMs U.S. consultant population. The findings were calculated in October 2003.
Several factors including an aging baby boomer population and the rapid research and development rate within the healthcare and pharmaceutical industries are contributing to increased hiring opportunities in these sectors," said Tom Silveri, President, DBM. This is a slow yet steady growth area. As the economy continues to improve, these career fields should flourish with opportunities."
Overall, the survey revealed the following as the three hottest" hiring sectors over the next six months:
· Healthcare/Pharmaceutical
· Finance
· Professional Services
Job Search Time Stays Consistent
While the above-mentioned industries have been identified as the most likely for growth, overall trends are consistent with DBMs second quarter findings:
· Seventy-six percent of DBM consultants reported that job seekers are taking an average of four to six months to find employment.
· Twelve percent of DBM consultants found it's taking more than seven to eight months to secure a new job.
· Twelve percent of DBM consultants found time to re-employment averaged three months.
About DBM
DBM (www.dbm.com) is the worlds leading provider of strategic human resource solutions that helps organizations align their workforce to meet changing business needs. Known for over 35 years for its innovative and effective career transition services, DBM offers in-depth capabilities in employee transition, retention, development, and selection. Founded in 1967, the company has more than 230 locations in 51 countries.
DBM is part of the Thomson Corporation (www.thomson.com), a $7.8 billion global leader that provides integrated information solutions to business and professional customers. The Corporations common shares are listed on the Toronto and New York stock exchanges (TSX: TOC; NYSE: TOC).
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