I came across an interesting article yesterday touching on employment trends in foodservice, from fastcasual.com. They've quoted senior executives in the industry as seeing improved revenue and profitability in this year and next but that job seekers will only see gradual improvements in opportunities into 2011.
Many see a full recovery over the next couple years and suggest new product innovations and merchanising schemes to be the driving factors. They also found that increasing their outsourcing of technical and business procedures - yeah, recruiters! - will spur along the recovery.
Some are suprised that outsourcing recruitment will accelerate the recovery, but to a long-term recruiter in the hospitality industry, it seems quite obvious. A recruiter can take on much of the HR function for a client company, and a good recruiter will lighten the finanaical investment for executives tapping into their established networks and resources. Let's face it, an executive has an important role that largely does not include recruitment or the time to develop the resources a good recruiter will have secured.
The overall outlook, according to the majority of executive respondents in the KPMG survey: revenue and profitability is better now than a year ago. That’s in marked contrast to KPMG's survey of the sector last summer, when less than one-third thought these business measures were better than the previous year.
For those who are looking for work or planning on making a move, "39 percent of respondents were more optimistic about employment in their sector over the next year, which is seven percentage points higher than last summer's survey."
The executives that noted an increase in planned hiring, a mere 23% of respondents, marking a tough market for prospective employees that will need to be well prepared for interviews and scrutinizing of their references and credentials, not to mention their social networking behaviour!
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