Rightsizing Trend continues in BC

A Techvibes reader was kind enough to pass along some summary data from a recent BC CEO Tech Survey conducted by Don Safnuk's Corporate Recruiters. 118 CEO's of Small to Midsized Technology Companies in BC responded, so the data should reflect current market conditions extermely well.

Rightsizing Trend

42% of the companies went through a round of layoffs in 2008
28% laid off staff in Q1 2009
29% are anticipating layoffs in Q2.

Overall business performance and optimism is positive

51% of the CEO’s report Q1 revenues and profits are up
40% expect it will be getting a lot better over the next six months
57% expect it will be the same or a little better over the next six months

Salary Levels, Supply & Demand for Human Capital

38% report Q1 overall staff levels are up from Q4 2008
Salary levels holding steady for current employees with small retention increases
Downward pressure on salaries for new hires
66% report a healthy supply of qualified candidates

Company:: Corporate Recruiters Ltd.
Website:: http://www.corporate.bc.ca
Location:: Vancouver, British Columbia, Canada

For entrepreneurial technology companies, Corporate Recruiters is a key asset for human capital. Our search firm has an unparalleled track record for recruiting technology professionals – from CEO’s and executives to the management and team members who support them. With our knowledge of the local business climate – including capitalization, candidate availability, product commercialization, and government policy... more

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Rob Lewis

Rob is the President of Techvibes Media Inc. and Editor-in-Chief of Techvibes.com. His diverse background includes stints in International Trade Finance, Web Development, and Enterprise Software and he is a graduate of the University of British Columbia, British Columbia Institute of Technology, and Simon Fraser University. When not running Canada's leading technology media property, Rob can... more

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