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Wage Deflation – I Don’t Believe It

March 31st, 2009 | No Comments | Posted in Our Industry, Tough Times, Web 2.0

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A few weeks ago, in article in ADWEEK, “The New Reality Facing Job Seekers,” addressed the thought that wages will be lower for some people looking for jobs. Thus far I have not seen it in the recent searches we have been retained upon.

The whole digital area seems to remain hot and the social media side is even hotter. Both the people in our database and the folks on my Linked In network seem to be very busy and even frazzled. There are a number of new agencies forming, strategic alliances coming together and small agencies being bought by larger ones. Salaries are definitely escalating in the mid to senior level.

Good business development people are in high demand. Many feel that more accounts are won in bad times than in good. In the last few weeks, Bob Tesar and I counted 8 out of 10 agencies that we had contacted were involved in at least one bid for new business.

Senior people on both the client and agency side are still in limited demand. Corporations are using this time to upgrade their bench strength selectively.

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Written by Tony Reynes - Visit Website

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