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EXECUTIVE WATCH GlobeSt.com:
BY ANTHONY J. LOPINTO
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| EXECUTIVE WATCH
is a weekly column featured on GlobeSt.com, the leading online real estate
news site. Tony LoPinto, the CEO of Equinox Partners has been the
author of this widely read column.
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Cloudy Forecast
By Anthony J. LoPinto
February 19, 2008
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Last week, Globest.com performed a Quick Poll asking for a staffing outlook, the results of which were rather gloomy. Of the 283 people who participated in the poll, only 30% stated that they would add staff by December, while 35% were fearful of retaining their jobs, and an equal number foresaw a flat staffing environment. However, I felt more upbeat after reading Beth Hayden's (SVP for Human Resources at JLL) counter-point column, where she presented a rather bullish hiring forecast for the year. JLL is among a group of firms that are active in the corporate outsourcing business, and it's not surprising that corporate America is increasingly shedding staffing costs and handing over their real estate to the likes of facilities management firms. However, during uncertain economic times, outsourcing is not limited just to corporations: we see many companies making decisions to outsource key functions such as property management, asset management, accounting and payroll functions. So, the bottom line is that, there is growth even in a market that is in a downward cycle; just a different kind and in different places.
© 2008 - GlobeSt.com, all rights reserved.
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