It’s official…

So the news comes out that we’re in a recession and oh…by the way…we’ve been having one since December of 2007, which makes this one a year old already.

Funny…it feels like it started about 6 weeks ago.

So in the midst of this recession, several BILLION dollars of spending has occurred in the areas of executive and retained search, contingency searches, recruitment technology, and recruitment outsourcing — all to facilitate …what?

HIRING!

To dovetail on my last post, we’ll continue to hear all this bad news, but my guess is that spending for 2009 in all of these areas will still number in the multi-billions of dollars, and will in fact increase. Why? Well, typically the first to go in a round of layoffs is the recruiting department for what would seem like obvious, albeit INCREDIBLY shortsighted, reasons. About 90 days later, someone fairly senior in an organization realizes that…”oops….we cut too much”. Then they start calling executive recruiters and outsourcers.

2009, in fact, could be a BANNER year for any company selling recruiting services!!

Remember you heard it here first