Like everyone else, I've been thinking a lot about our industry lately and all the changes it is going through. There is no doubt that Agency Recruiting is going through permanent change. I came into this business on the heels of big change, in 2002. Internet, e-mail and job boards had all become much more mainstream and the IT bust had just occurred. From the beginning, for me, I had the view that this industry was evolving and getting better. I held a strong belief that this would continue and that the industry evolution would be positive going forward. The other day I had a thought that contradicts this to a degree and I believe warrants some serious consideration.
Is Agency Recruiting an industry built on an economic bubble?
I'm not saying that our industry disappears without the economic bubble, but I'm certain it's growth to this point was affected by the bubble and to what degree is an interesting question. Most of the most experienced recruiters I know have been in the business since the early to mid 80s. Prior to that I know there was agency recruiting but I believe it was a much different world and different industry then. I would love to hear some thoughts on that from those who have been in the business longer. Some people believe that our economic bubble began with the proliferation of debt beginning in the early 1900s and accelerating through the last 25 years or so. If the first part of that is not the case, at least the last 25 years of the baby boom generation purchasing power and excessive debt acceleration created a huge economic bubble. If our industry really came into form over that period, since the early 80s, was it all built on a bubble?
I don't believe that it has entirely been built on a bubble, but to some degree the growth has. To what degree, I'm not sure, but I do think it is important for us all to have a perspective on this as we move forward and the industry takes shape in a post bubble world.
Todd Kmiec
Todd Kmiec & Associates
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