Glad to hear you got another job IP.
From the other side of the fence (as an employer) I have seen the changes as well.
I recently lost some members of staff to a competitor. They had all been with me for a number of years but they ganged up and called a meeting. The deal on the table was this…we know there is an economic slowdown and last year 20% of our take home pay was made up from performance bonuses. We don’t feel the company will make the same profits in the next few years (I agreed) so up our base salary by 20% - effectively guaranteeing their performance bonuses. Naturally I said no. They were on good basic salaries to start with ranging from £60 - £80k each.
So they left and went to join a new start-up …which I hear on the grapevine is about to go bust…..the capital for the business was being provided by a Property Developer that has now fallen on hard times…
Anyway, back to point I was going to make. The last time we advertised for new staff (early 2007) we tried the job centre and got no where. So we advertised with monster.com which costs about £500 per ad. Again without much luck and resorted to the industry grapevine which worked a treat.
This time we put the vacancies online with the job centre and we were inundated with CV’s. All highly qualified and I was amazed they were applying for the job. We posted a starting salary of under 30K and I am now being offered people more qualified than the staff I was paying up to £100k a year for.
Don’t get me wrong I’m not rejoicing that I can get cheaper labour. I’m just shocked at the number of highly qualified applicants there are out there desperate for a job.
BTW, the jobs vacancies were IT related.