Bohan and Bradstreet

July 2022


Will the Momentum Change?

Monday, July 25, 2022  by Bailey

Over recent years, it has been blue skies for most. The USA has been the leader for global recovery. The value of the US dollar hit a 5-year peak in May (2022). We survived Covid. Unemployment is hovering at 3.6%, a sustainable low for the first half of 2022. “Buy America” is the trend. People have been venturing out and reembracing life.

And then prices gradually increase. The stock market starts to respond. Spendable dollars are a luxury if available. Interest rates are up. Supply chain quagmire remains. Is a recession on the horizon? Does working hybrid or virtual enhance career progression? What are you doing about your future?

From a career planning perspective, here are the three questions you need to ask yourself:

  • How valuable is your role? If you are meeting or exceeding expectations, then the more critical your role is will be a barometer for your career progression. There are three levels of employment. The first are those that lead and impact strategy and P/L. The second are those that implement and drive strategy, change, and/or continuous improvement. The third are the doers.
  • How stable is your current employer? Evaluate revenue trends and backlog. What is the recent history on winning or losing customers? Is your employer making investments in infrastructure? Are we innovative on product or services? Does the company have differentiators that are sustainable? Is the culture and/or leadership changing?
  • Are you reinvesting in your career? If you don’t know more or have not added new skills in the last year, then you have lost market value. No one owes you a living. Career security and progression is a combination of self-awareness and motivation to be your best.

Take a moment to reflect because the economy is unpredictable. Own your career. 

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3rd Quarter Looking Up

Monday, July 11, 2022  by Bailey

 

As we wrapped up the second quarter and headed into the holiday weekend, the B&B team maintained strong hiring trends for our clients. Each member of the team is expertly executing comprehensive talent searches within a streamlined hiring process as our clients are looking to onboard within weeks. Over 18 successful placements occurred in Q2 and we added over 35 new projects to the docket for July. We welcomed 5 new clients to partner with our team in recent months and look forward to securing the highest level of talent for their teams. 3rd Quarter is looking to continue the strong pace set for 2022!

Our 5 most recent placements:

1)    Senior Manager, Digital Marketing for a global industry leader with a product portfolio that supports customer product platforms within the medical device space.

2)    Division Controller for the Connecticut division that is a strategic component of the growth plan for the parent company. Due to existing contracts, improved processes, and business development, the expectations are to grow locally at 10-12% annually.

3)    Business Development Manager for a progressive, proactive and empowering business with global operations and Fortune 1000 OEM customers on five continents. The company has a strong product development team to design electro-mechanical products from concept to commercial release for targeted niches within aerospace, automotive, consumer electronics, medical device, telecommunication and other channels.

4)    Manufacturing Engineer for a privately held, multi-site manufacturer with diversified customer base (e.g., medical devices, aerospace, capital equipment) that is expanding organically and via acquisition.

5)    Manager, Trade Promotion and Analytics for the global division of a multi-billion dollar company that produces well-known brands found in the consumer healthcare space and has a strategic plan to grow to $1B in 5 years. 

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Happy 4th of July!

Friday, July 1, 2022  by Bailey

 

The B&B team is looking forward to a long weekend of summer celebration before returning to source talent for our clients. 

We wish you a happy, healthy and safe holiday!

 

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