Employment Shifts as Brokers and Independents Add Talent

As the ZRG Partners index shows: Opportunities for new jobs in the leasing and finance industry in America is at an all time low.

"The blend of organizations seeking talent has shifted to ‘Brokers’ and ‘Independents’ who are trying to take advantage of the disruption with the larger companies and add talent, “ ZRG Partners conclude. “While the shift in organization type is clear, the index also shows more sales opportunities being advertised as a percent of the total than past indexes.

"Unemployment nationwide is at historic highs and the leasing industry has had its fair share of major reductions in workforce. Major market exits by firms such as General Electric (GE) and RBS has created large numbers of talented professionals now seeking employment. The problem is a simple supply and demand".

“The Unique market events of November and December certainly stalled plans for 2009 hiring. In speaking with clients in the market, 75% or more have plans to be flat or grow at less than 5% in 2009 with a strong focus on profitability and portfolio performance.”

The ZRG Partners report sees hiring in these fields:

“Credit and Risk: Firms, given the bank compliance and regulatory issues, are beefing up their risk management areas to comply with increase reporting and analytics. Talent is still in short supply for top credit and risk positions.

“Collection / Workout and Recovery: Firms are increasing overall spending in this area focusing on better hiring, training, and upgrading of talent. This goes from the “team leader” roles to VP of Collections and Portfolio Management. Finding great talent willing to relocate and change jobs is becoming difficult due to talent shortages.

“Sales and Origination Teams: Selectively, clients are putting out “buy” orders for select types of originators that fit a highly specific match to a growth need. Healthcare remains hot, conversely low yielding niches are not hot. We have seen 2-3 sales teams move to new companies in Q1 21009 already shifting substantial volume.”

Comments

[doctordoctor:]

"Unemployment nationwide is at historic highs". duh. not true. 7.6% not anywhere near 10% of the mid 70s or the 25% of the great depression. it may get there but is not there now. think the term is called hyperbolic nonsense. lots of that going around today. makes great investment opportunities as others scream for the exists. Fire! anyone?

Feb 24 11:21 PM