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Financial Regulations Bring New Challenges: Hiring Compliance Officers

By Abby Lombardi on March 26, 2012 in Business/Finance, Management/Executive.

A recent article on Fortune looked at hiring for Compliance Officers in the wake of changing regulations, including Dodd-Frank and pending Volcker legislations. We thought we would look at the trend of job postings, skills required, and how hard-to-fill these job openings are.

In the past 60 days, more than 300 financial services firms have posted a total of 1,200 job ads for Compliance Officers across the US. This is a 49% increase compared to the same 60-day period in 2011. With the increasing regulations affecting banks and other financial services companies, seeing this increase in specialized hiring is not too much of a surprise.

Hiring Demand for Compliance Officers – 4 Year Hiring Trend

Hiring Demand for Compliance OfficersSource: WANTED Analytics

In addition, it may not be too surprising that New York, Dallas, and Chicago lead the US in hiring demand for these professionals. Recruiters in these 3 areas are likely to see challenges with sourcing enough candidates to fill job openings and will compete heavily for qualified talent. Our Hiring Scale™ shows that employers in New York City are seeing some of the most difficulties and longest time-to-fill. Here, job ads stay online for more than 6.5 weeks, about 1 week longer than average.

Hiring Scale for Compliance Officers – New York, NY (Hard-to-Fill)

Hiring Scale for Compliance Officers in New York

Source: WANTED Analytics

Some of the commonly required skills listed in online job ads for Compliance Officers include:

  • Microsoft Office
  • Compliance testing
  • Microsoft PowerPoint
  • Internal audit
  • Microsoft word
  • Audit management
  • Portfolio management
  • Transaction processing
  • Microsoft Project
  • Microsoft Access
  • Microsoft Excel
  • Microsoft SharePoint
  • Legal research

Some of the most demanded certifications for these candidates include:

  • Certified Public Accountant (CPA)
  • Certified Internal Auditor (CIA)
  • Certified Fraud Examiner (CFE)
  • Chartered Wealth Manager
  • Chartered Financial Analyst (CFA)
  • Juris Doctorate Degree

Are you recruiting for Compliance Officers? Try our online Hiring Scale™ to see how easy- or hard-to-fill these jobs will be in your area, average salary information, who you are competing with for talent, and where to find hidden candidates.

Hiring for Supply Chain Professionals Ramps Up

By Abby Lombardi on February 1, 2012 in Business/Finance, Management/Executive.

Companies have been focusing more on their supply chain security as a way to prevent losses and ensure quality of their products – especially in today's global market. This is being seen all the way to the US government, which announced a National Strategy for Global Supply Chain Security last week. Companies that are focused on their supply chains are hiring along with this trend. Over the past 90 days, more than 49,000 job ads were posted online for supply chain and logistics management. This is a 24% increase over the same 90-day period last year.

Some companies that have placed the most job ads for supply chain specialists include Deloitte, McKesson, Pensky, IBM, the Army National Guard, Target, and Boeing. All of these companies have increased the volume of job ads over the past year. While Deloitte placed the most job ads for these skills, IBM saw the greatest year-over-year growth, increasing hiring over 500%.

Our Hiring Scale™ shows that supply chain professionals are likely to be moderately difficult to recruit. Hiring has increased, while the talent supply of supply chain skilled workers has not grown as fast. Recruiters in San Jose, CA are currently experiencing a more competitive talent marketplace and see a longer time-to-fill for open positions. In San Jose, job ads stay online for an average of 7 weeks. In comparison, the national average is 6 weeks – one full week shorter than in San Jose. Employers with job openings in this area are likely to spend more on the recruiting process and attracting potential candidates.

Hiring Scale for Supply Chain Managers in San Jose vs. Nationally

Hiring Scale for Supply Chain professionals in San Jose

Source: WANTED Analytics

You can compare the difficulty involved in filling these jobs to conditions in other parts of the United States. Below are the 5 places currently finding supply chain manager jobs easy-to-fill. Sourcing from these locations will reduce the time-to-fill by up to 1 & 1/2 weeks.

Easiest Locations to Recruit Supply Chain Managers vs. San Jose, CA

Best Markets for Hiring Supply Chain Managers

Source: WANTED Analytics

Recruiters that may be struggling with sourcing candidates, should ensure they are looking at people that have these skills along the entire supply chain. The most commonly advertised job titles that require supply chain management are below. Of these 20 titles, only 5 include "supply chain" or "supply." If you only search for candidates that include "supply" in their job titles, you may be missing candidates.

  1. Supply Chain Manager
  2. Buyer
  3. Supply Chain Analyst
  4. Business Analyst
  5. Project Manager
  6. Purchasing Manager
  7. Senior SAP Consultant
  8. Operations Manager
  9. Materials Manager
  10. Business Technology Analyst
  11. Supply Chain Specialist
  12. Warehouse Manger Unit Supply Specialist
  13. Logistics Manager (or Analyst)
  14. Warehouse Manager
  15. Supply Chain Manager Automated Logistical Specialist
  16. Commodity Manager
  17. Material Handler
  18. Demand Planner
  19. Procurement Manager
  20. Manufacturing Engineer

Are you hiring for your supply chain? Sign up for a free trial of WANTED Analytics™ to see how hard to fill these jobs are in your area, other commonly advertised job titles, and where you can find potential candidates.

Market for Social Media Skills Isn't Slowing Down

By Juli Morris on July 29, 2011 in Computer/Math/IT, Management/Executive.

Employers are looking for more and more talent to help them develop or leverage social media tools as part of their marketing outreach, brand engagement, customer service, and recruiting efforts. Over the past 60 days, employers and staffing agencies posted more than 21,200 new online job ads containing the keywords "social media". This is a 16% increase over the previous 60 day period.

Despite the increasing demand, these positions are not, on average, particularly difficult to fill. For example, 3 of the top 10 positions seeking talent with social media skills are positions that are some of the most difficult to fill nationwide: Marketing Managers, Web Developers, and Software Applications Engineers. However, in the metro market with the highest demand for social media skills, New York City, our Hiring Scale™ metrics show these occupations as only somewhat difficult to fill. Perhaps the size of the talent pool with social media skills is increasing faster than the current demand, as employees seek to stay competitive and up to date on new skills.

Hiring Scale Metrics for Social Media Skills — New York City:

Hiring Scale Metrics for New York City — Social Media Skills

Source: WANTED Analytics™

Nearly all of the top 10 occupations requiring social media skills showed strong growth over the past 60 days in comparison to the 60 days prior. The distribution of occupations needing social media skills gives some insight into how companies are using these tools. Marketing and PR are strongly represented, and it is clear that employers are expecting recruiters to add social media recruiting to their arsenal. Web developers and applications engineers are key components in developing and maintaining these platforms. Perhaps Executive Secretaries and Administrative Assistants are taking on some responsibility for executives' social media presences.

Top 10 Occupations by Hiring Demand — Social Media —  Past 60 Days vs Prior 60 Days:

Top 10 Occupations by Hiring Demand — Social Media — Past 60 Days vs Prior 60 Days

Source: WANTED Analytics™

More than 25% of these positions posted continue to be contract, part-time or internships, as employers ease into the sometimes confusing realm of social media before committing to full-time hires.

Job Ad Breakdown by Job Type:

Job Ad Breakdown by Job Type

Source: WANTED Analytics™

The Top Paying Hourly Jobs at Fortune's "Best Companies to Work For"

By Juli Morris on July 25, 2011 in Computer/Math/IT, Health Care, Management/Executive.

Fortune's list of the 100 Best Companies to Work For includes rankings of which of these companies have the most highly-paid workforce. We explored the rankings for the best-paid hourly employees. With 4 of the top 10 companies coming from the Healthcare sector, it's not surprising that Registered Nurses make up 4 of the top 10 slots for best-paid hourly employees, with annual pay ranging from $82,355 to $110,497.

Top 10 Best Companies to Work For Ranked by Annual Pay for Hourly Employees:

Best Companies to Work For Ranked by Annual Pay for Hourly Employees

Source: Fortune

Hiring demand at these companies varies strongly, even within the same industry sector. Scripps Health and The Methodist Hospital System lost ground over the past 90 days compared to the same period in 2010, while OhioHealth and Atlantic Health both increased their demand.

Hiring Demand — Past 90 Days vs Same Period 2010:

Hiring Demand — Past 90 Days vs Same Period 2010

Source: WANTED Analytics™

The top occupations for which these companies are sourcing talent mirror national hiring demand trends, with Registered Nurses, Software Applications Engineers and Marketing Managers taking the top 3 slots. The most in-demand occupations are predominantly IT, with 9 of the top 20 coming from that category. Healthcare and management occupations split all but one of the remaining occupations.

Top 20 Occupations by Hiring Demand — Past 90 Days vs Same Period 2010:

Top 20 Occupations — Past 90 Days vs Same Period 2010

Source: WANTED Analytics™

The bulk of the demand is California-based, with 4 of the top 10 locations and 75% of the demand from these employers coming from that state. Most of the growth, however, comes from other metro areas, with the New York City, Provo, and Columbus metro areas having gained the most ground over the comparable period last year.

Top Metro Areas by Hiring Demand — Past 90 Days vs Same Period 2010:

Top Metro Areas by Hiring Demand — Past 90 Days vs Same Period 2010

Source: WANTED Analytics™

To find out how difficult the top-paying hourly positions will be to fill in your location, try our new, complimentary Hiring Scale.

It's a Good Time to Look for a Marketing Job

By Juli Morris on June 16, 2011 in Management/Executive.

Employers and staffing agencies posted nearly 37,000 new online job ads for marketing managers in May, a 28% increase over May 2010. Even though hiring demand seems to be leveling off after a large spike early this year, these positions continue to register on the Hiring Scale™ as very difficult to fill.

Hiring Demand for Marketing Managers — 4-Years:

Hiring Demand for Marketing Managers - 4 Years

Source: WANTED Analytics™

The New York City metro area has nearly double the hiring demand of the San Francisco metro area, the next highest by ad volume, and shows continued strong year-over-year growth. However, California maintains three metro areas in the top 6 for hiring demand, and leads the nation in overall job ad volume. The strongest growth areas, however, were Milwaukee, Charlotte, and Detroit, all with year-over-year growth of more than 59%.

Top 25 Metro Areas by Hiring Demand – Marketing Managers – May 2010 vs 2011:

Top 25 Metro Areas by Hiring Demand – Marketing Managers – May 2010 vs 2011

Source: WANTED Analytics™

Our Hiring Scale™ calculations indicate that employers sourcing marketing talent in these top markets will continue to have a difficult time of it. San Francisco fields only 3.4 potential candidates for each position posted in May, with New York at 3.7:1 and LA at 5:1. Even though LA's measurement indicates it would be easier to fill a position there than the national average for marketing managers, the overall high level of difficulty at the national level should give LA employers little cause for relief.

Hiring Scale Metrics for Top Metro Areas:

Hiring Scale Metrics for Top Metro Areas

Source: WANTED Analytics™

The Top 10 employers looking for Marketing Managers in May are Microsoft, AT&T, Wellpoint, IBM, Dell, Lockheed Martin, Google, EMC Corporation, Amazon.com, and CITI.

New York City Hiring Demand Shows Solid Growth

By Juli Morris on May 23, 2011 in Computer/Math/IT, Management/Executive.

New York City area employers posted more than 72,900 new online job ads jobs in April, up 6.5% over April 2010. Although a drop from March levels, metro NYC hiring demand up 60% over its 4-year low in February 2009.

New York City Metro Area Hiring Demand — 4 year:

Source: WANTED Analytics

Source: WANTED Analytics™

The IT industry leads the metro area in hiring demand, with over 19,500 new job ads posted in April in Computer and Mathematical Occupations. Other high growth occupations include Market Research Analysts and Marketing Managers, both showing greater than 25% growth over April 2010.

Top 20 Occupations by Hiring Demand — New York City Metro Area — April 2011 vs 2010:

Top 20 Occupations by Hiring Demand — New York City Metro Area — April 2011 vs 2010

Source: WANTED Analytics™

The high demand for web developers is matched with a relatively small talent pool: our Candidate Supply data finds just over 13,000 potential candidates in the local market. On top of that, five of the top 10 direct employers in metro NYC are financial services firms, and all are looking for web developers. The talent pool shrinks to just over 1,000 for Web Developers with Financial industry experience, making this a hard-to-fill position compared to the national average. The Hiring Scale™ metrics for this position bears this out.

Hiring Scale for Web Developers with Financial Industry Experience:

Hiring Scale for Web Developers with Financial Industry Experience

Source: WANTED Analytics™

Top employers in the New York City metro area by hiring demand in April include CITI, JP Morgan Chase, Morgan Stanley, Time Warner, Citigroup, AT&T, Ernst & Young, Bank of America, IBM, and JoS. A. Bank.

36,000 New Marketing Manager Jobs Posted in April

By Juli Morris on May 19, 2011 in Management/Executive.

Employers and staffing agencies posted over 36,000 new online job ads for marketing managers in April, a 29% increase over April 2010. After spiking in January and February, demand may be settling back toward a more sustainable growth level.

Hiring Demand for Marketing Managers — 4-Years:

Hiring Demand for Marketing Managers — 4-Years

Source: WANTED Analytics™

The New York City metro area has more than double the hiring demand of the San Francisco metro area, the next highest by ad volume. However, California maintains three metro areas in the top 10 for hiring demand, and leads the nation in overall job ad volume. The strongest growth areas, however, were Columbus (OH), Austin, Minneapolis, Cincinnati, and Phoenix, all with year-over-year growth of more than 50%.

Top 25 Metro Areas by Hiring Demand – Marketing Managers – April 2010 vs 2011:

Top 25 Metro Areas by Hiring Demand - Marketing Managers - April 2010 vs 2011

Source: WANTED Analytics™

Our Hiring Scale™ calculations indicate that employers sourcing marketing talent in these 5 high-growth markets will have a more difficult time of it in Austin and Minneapolis, average difficulty in Columbus, and relative ease in Cincinnati and Phoenix.

Hiring Scale Metrics for High-Growth Metro Areas:

Hiring Scale Metrics for High-Growth Metro Areas

Source: WANTED Analytics

The Top 10 employers looking for Marketing Managers in April are Microsoft Corporation, Wellpoint, AT&T, Google Inc., IBM, Amazon.com, Time Warner, CITI, Dell, and Pepsico.

The Top 20 In-Demand Occupations in San Francisco

By Juli Morris on March 28, 2011 in Computer/Math/IT, Management/Executive, Sales.

Hiring demand is on the rise in the San Francisco metro area, with direct employers posting nearly 180,000 new job ads over the past 90 days. That's nearly a 30% increase over the same period last year; in fact, over the past two years, hiring demand in San Francisco has gained 134% over it's recessionary low point in February 2009.

San Francisco Metro Area Hiring Demand – 4 years:

San Francisco Metro Area Hiring Demand - 4 years

Source: WANTED Analytics

The Top 20  in demand occupations for the San Francisco metro area are listed below, along with the percentage change from last year.

Top 20 Occupations, by Hiring Demand – San Francisco – Past 90 Days:

San Francisco - Top 20 Occupations by Hiring Demand, past 90 days

Source: WANTED Analytics

Computer Software Engineers (Applications) are most in demand, and Management Analyst positions show the strongest growth over the same period last year, up 110%. By category, Computer and Mathematical Occupations, Management Occupations, and Sales and Related Occupations have the greatest hiring demand overall in the San Francisco market.

The top employers in this market by ad volume include Kaiser Permanente, Deloitte, IBM, Wells Fargo, Sutter Health, Bank of America, JP Morgan Chase, PG&E, Safeway, and AT&T.

Top 25 Hiring Employers for February

By Juli Morris on March 16, 2011 in Computer/Math/IT, Employer Watch, Labor Market Dynamics, Management/Executive, Sales.

The Top 25 direct employers by ad volume for February are listed below, along with the percentage change from the same period last year:

Top 25 Hiring Employers by Ad Volume – February 2011

Hiring Demand from Top 25 Employers - February 2011

Source: WANTED Analytics

The areas of greatest Hiring Demand by these employers are Sales and Related Occupations, Computer and Mathematical Occupations, and Management Occupations.

Note: Dell and AT&T Retail posted job ads under different employer labels in prior years, making prior year percentage comparisons unavailable.

Top 25 Staffing Agencies by Ad Posting Volume – February 2011

By Juli Morris on March 14, 2011 in Computer/Math/IT, Health Care, Management/Executive, Staffing Industry.

Staffing agencies posted nearly 380,000 new online job ads in February, a 1.4 percent increase over January. The Top 25 staffing firms by ad volume for this period are listed below, along with the percentage change from the same period last year:

Top 25 Staffing Agencies – February 2011:

Top 25 Staffing Agencies by Ad Volume

Source: WANTED Analytics

Health care jobs continue to lead the pack. There were 190,000 job postings by recruiting agencies for the Health Care sector, followed by nearly 75,000 in Computer and Mathematical Occupations. Management jobs were a distant third at just under 24,000.
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