Veredus Corporation

• 1.
  • VEREDUS

• CORPORATION

• Staffing Trends in a Troubled Economy

• 2009

Advancing Business with People! 2. Veredus Corporation Who are we?

• Offices:Tampa, Orlando, Atlanta, and Raleigh NC

• Core Services: Staff Augmentation, Direct Hire, and Payroll Services.

• Certified Minority Firm (MWBE) by State

• Government Solutions Division Secret Clearance

Advancing Business with People!Over 300 Consultantsand almost $40 MFastest GrowingPrivate Firms 2007 & 2008 Business of the Year 2007 Technology Staffing firmFounded inNovember of 2000 3. How is the Job Market?

• 3.6 M jobs lost since recession started (12/07)

• 50% of those were lost in past 3 months (Nov - Jan)

• 598,000 jobs lost in January 09 alone

• Worst unemployment in 34 years (7.6%)

• Not expected to stabilize until 2010

• (Source:US Department of Labor)

Advancing Business with People! 4. Advancing Business with People! 5. Whats Happening in Florida?

• Ranked # 2 in jobs lost (255,200)

• Only CA ranked worst (257,400)

• Unemployment rate8.1% (Dec 08)

Advancing Business with People!Source:US Department of Labor 6. What about Orlando? Advancing Business with People!Source:Monster.com 7. Impact on Orlando?

• Lost 19,100 jobs in 2008 (US Dept of Labor)

• Ranked 71 st(out of 88) cities for job growth (Business Journal)

• Unemployment highest since Aug 92 (8.1%) (Source:Workforce Central Florida)

• 86,831 people unemployed in Orlando

Advancing Business with People! 8. What about IT jobs?

• IT Employment higher YOY (+60k)*

• As of Dec 31 2008 3,857,200 IT professionals*

• Nov/Dec 08 lost almost 50k jobs*

• IT still high demand 28% in that industry expect to hire in 2009 (highest of any industry surveyed)**

• * (Source:National Association of Computer Consultant Businesses)

• ** (Source:CareerBuilder 2009 Hiring Forecast)

Advancing Business with People! 9. IT Employment (1 year) Advancing Business with People! 10. IT Hiring Trend

• Contract Hiring

• • Contractor rich market (larger pool)

• • Flexible Option (RTH)

• • Stop Gap (candidates/companies)

• Strategic Hiring (Buyers Market)

• Targeted Hiring (Specific Skills)

Advancing Business with People! 11. Central Florida Placements Demand Skill Sets

• 591 placements:

• • PM/BA/QA (30.4%)

• • Microsoft Developers (23.72)

• • Networking/Infrastructure (11.6%)

• • Java/J2EE (10.5%)

• • Niche: Data warehouse, ERP/CRM, Business Intelligence (8.1%)

• • Web Developers (7.7%)

Advancing Business with People! 12. Central Florida Job Market Whats Emerging

• Agile Development Methodology

• Virtualization

• Open Source (PHP, Drupal, RoR)

• Silverlight

• RIA

• BI and analytics

Advancing Business with People! 13. IT Labor Trend

• Retiring Baby Boomers

• Lack of Pipeline

• • Fewer people going into IT field

• • Perception that IT field is not stable; jobs will be shipped overseas

• • Drop in College enrollment for IT profession (Math and Science)

• • Enrollment for Computer Science undergraduate degree is 50% lower than it was just 5 years ago (Computing Research Association)

• • US Worker is gravitatingto softer skill sets

Advancing Business with People! 14. Job Forecast(Source:CareerBuilder 2009 US Hiring Forecast)

• Will you hire FTE staff in 2009?

• • 70% NO CHANGE or UNSURE

• • 16% DECREASE staff

• • 14% INCREASE staff

• South and West regions expect largest demand

• Concerned with shortage of skilled-labor

• • One in Five (19%) report that quality of job applicants are LOWER than one year ago

• • Three in Ten (27%) have open positions for which they cannot find qualified candidates

• 28% of Employers plan to add contractors in 2009

• One-in-Five employers used social networking sites to research job candidates

• (surveyed:3,200 hiring managers/human resources)

Advancing Business with People! 15. Employee Job Satisfaction (Source: CareerBuilder)

• 32% surveyed expect to change jobs in 18+ months

• 65% of workers reported they received raises in 2008 and one-third received bonuses

• 26% are dissatisfied with career advancement opportunities

Advancing Business with People!(5,000+ employees surveyed) 16. IT Employment Trend

• Average Pay Increased 4.6% from previous YR

• IT Management (CIO, CTO, VP) - $111,998

• Highest Average by Skill Set

• • ABAP$106,975/ ETL$102,364/ BI $101,585

• Biggest Concern about their Career?

• • 22% Keeping Skills Up-To-Date / Being Valuable to Employer

• • 20% Position Eliminated

• • 14% Lower Salary Increases / Lower Billing Rates

• • 12% Cancelled Projects / Fewer Projects

• • 10%Increased Workload (due to staff cuts)

• New Resumes posted increased by 67% in Q4 (YOY)

Advancing Business with People!Source:Dice 2009 Tech Survey (19,000 technology workers) 17. IT Hiring and Retention

• What is your IT Brand within Market

• • Builds over time / Destroyed quickly

• Evaluate your Hiring Process

• • Dont lose candidate # 51

• • Candidates dont forget (# 1 frustration applicants have is no response Monster Survey)

• HR Recruitment Outsourced

• • Scaling Back HR/Recruitment Depts

• • Spot Hiring w/Agencies

• Consolidate Staffing Vendors

• • Lower Cost/Less Time

• • Choose a Good Partner / Build Special Relationship

• Leverage the opportunity hire

• • Staffing is all about timingeliminate missed opportunities

Advancing Business with People! 18. IT Hiring and Retention

• Know your IT Leadership team

• • Line Managers hold the key to your success or failure

• • Be cautious when promoting Tech Lead to Management

• Staff Communication Provide Feedback

• • Negativity will fill voids in Communication

• Drive positive culture through IT Dept

• • Focus on successes and accomplishments

• • The Power of Involvement

• Social Networking

• • Not just for our kids (FaceBook, LinkedIn, etc)

• • Tap into new generation (great for opportunity hire)

• Clients utilizing Foreign National Resources

• • Highly Educated/Highly Technical Workforce

• • Focused on Skill Sets that are tough to find in local market

• • Currently 20% of Veredus Consultants

Advancing Business with People! 19. Advancing Business with People!Economy Crashes