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With the election over, all eyes now turn to the 2013 economic landscape, and many are wondering: Will hiring market improve? Will job growth remain sluggish, pick up, or continue to be stagnant? And, how can finance professionals position themselves to make the most of the evolving hiring market?

In the months leading up to the November election, many organizations held off on long-term planning—and in some cases hiring—believing that once national leadership was decided, they would have a clearer picture of the economic landscape ahead.  With the country’s political parties sharply divided, it was largely assumed that determining Washington’s direction would allow employers to move forward strategically.  However, in the aftermath of the election, it has become abundantly clear that a number of issues still need to be ironed out before companies get the answers they need.  Washington is still entrenched in discussion over the looming fiscal cliff, and Hurricane Sandy may have made a sizeable impact on the national economy. 

While we may not have the answers to the big economic questions, we are confident we can accurately sum up jobseeker sentiment directed to Washington in four words: fix the economy– now!

In an October OneWire survey of over 700 professionals in the finance industry, more than 81 percent of respondents indicated that job creation would be a primary factor in determining their vote for president. Compared to just 70 percent of active and passive finance talent that responded the same way last year, this increase highlights the growing importance of job creation leading up to the election, as well as the fact that significantly more individuals are concerned about the issue than last year.

Of those who indicated that job creation would be a main factor in determining their vote, nearly 70 percent responded that it was the single most important issue. Respondents also offered comments to explain their reasoning, with several offering that job creation is the backbone of the economic recovery and will spur future growth.  One respondent asserted, “I strongly believe job creation is the key to getting a large part of the currently unemployed workforce back to work and…growing the economy through increased spending.”

While the November job numbers are promising, with 146,000 new jobs added during the month, pessimism about future job growth remains. One-quarter of survey respondents suggested they did not think either presidential candidate would a make difference in improving their job prospects. While a completed election may have been the first hurdle to combating economic uncertainty, there is clearly more work to be done before many employers feel comfortable investing in new talent.  

As people remain uncertain of the economy and await the upcoming political election, it has become apparent that times are changing.  These changes can also be reflected in the business school arena.  Prior to the financial crisis of 2008, many business schools solely aimed to produce an abundance of graduates ready for Wall Street.  However, in a recent Forbes article, Dorie Clark highlights that business schools have had to change their directions to cater to the evolving career paths in the financial world. 

A few schools leading the pack in this change of direction are Stanford University, Massachusetts Institute of Technology, Harvard University, and Babson College.  These schools are among the most entrepreneurial colleges in the nation and they have realized that they must foster adaptability and creativity, rather than the previous mindset that centered primarily on management skills.  Although management skills remain important, start-ups to Fortune 500s are seeking candidates that are entrepreneurial and who possess an innovative way of thinking.  Moreover, many business schools are beginning to embrace a global perspective.  They are teaching that you must take what you learn locally, to make a difference globally.  Entrepreneurialism will be the impetus of change and professionals with this skill set will be the leaders of the future.

Technology, Talent and Traditional Search Converge to Deliver a Superior Recruiting Experience

NEW YORK, NY, Sep 20, 2012 -- Pairing the power of precise recruiting technology with consultative traditional search delivered by experienced professionals, OneWire(R) today announced the official launch of its executive search arm, OneWire Managed Services. Already employed by numerous OneWire clients, Managed Services leverages OneWire's talent community of hundreds of thousands of engaged finance professionals and proprietary matching technology, combined with decades of search experience and deep industry expertise. At the crossroads of technology and traditional executive search, OneWire Managed Services delivers the best finance candidates and a superior recruiting experience.

OneWire Managed Services include candidate screening, interviewing, evaluation and pipelining for future hires. Adept at the execution of the recruiting process from client review through successful hire, OneWire Managed Services features a collaborative approach that draws from an in-depth grasp of the client's organization and business requirements using the latest marketing tools to manage confidential searches.

OneWire Senior Managing Director, Mary Gay Townsend, said, "We partner closely with our clients, becoming an extension of their teams for the duration of the search. During this time, we develop a deep understanding of their culture, team structure and corporate goals. Having this client-centric insight in concert with the power of OneWire's technology enables us to deliver best-fit candidates, quickly."

Townsend and her team of senior recruiting professionals have more than 50 years of experience in investment banking, private equity, hedge funds, portfolio management, asset management, and related industries. As a founding member of OneWire, she shares the company's vision of delivering the latest candidate sourcing and relationship management experiences with exemplary customer support to hiring companies.

"Thank you. You truly hit it out of the park in managing our recent search," commented Colin H. Mincy, human resources generalist for MEAG New York Corporation. "After several shots at this, we simply were spinning our wheels, as was our previous search firm. In the end, because of your dedication, we found a candidate who is better than we had ever hoped and I look forward to working with you again in the future."

Skiddy von Stade, co-founder and CEO of OneWire, said, "As we expand our solutions, OneWire Managed Services is a logical progression that fully leverages the bench strength of our recruiters as well as our ongoing investment in sourcing top quality finance candidates and recruiting technologies."

For more information about the Managed Services offering from OneWire, contact managedservices@onewire.com.

About OneWire

OneWire is the premier destination for employers to connect with high quality finance talent. Employers use OneWire to source and recruit top finance candidates, and hundreds of thousands of job seekers use OneWire to get matched to relevant job opportunities and connect directly with hiring companies. OneWire's suite of cutting-edge sourcing tools and powerful matching technology help top financial firms, Fortune 500, and Global 2000 companies to attract, target, and hire the right finance talent. Candidates create detailed, confidential OneWire Profiles, which provide them with complete control and visibility throughout their job search. Our clients know that the right talent is a company's greatest asset. Hire the right finance talent, faster, on OneWire. Learn more at www.onewire.com.

NEW YORK, NY--(Marketwire - Sep 12, 2012) -

WHO:
Brin McCagg, president, COO, and co-founder of OneWire®, helping employers hire the right finance talent, faster, and Hilary Dyson, recruiting manager, Talent Acquisition for Patriarch Partners

WHAT:
Will present a complimentary webinar titled "Precise Recruiting: The Importance of the Job Description" to help companies connect with the right candidates when recruiting.

WHEN:
Thursday, September 27, 2012 at 3:00 p.m. EST (12:00 p.m. PST/1:00 p.m. MST / 2:00 p.m. CST)

WHERE:
To register for this event, please visit:https://onewireevents.webex.com/onewireevents/onstage/g.php?d=666092516&t=a

DETAILS:
A well-crafted and thoughtful job description is essential for successful hiring for any open position. When done correctly, it effectively attracts the right kind of candidate, incorporating critical factors like the needs of the hiring manager and the organization's corporate culture. Both the organization and candidates gain a complete understanding of what the job entails, the qualifications necessary for strong performance, and how performance is evaluated and measured. However, companies often struggle to create attention-grabbing and in-depth job specifications that provide the critical information needed to attract qualified talent.

During this complimentary webinar, Hilary Dyson, recruiting manager of Talent Acquisition for Patriarch Partners, joins Brin McCagg, president, COO, and co-founder of OneWire to discuss the process and tools needed for the successful digital marketing of job opportunities. They will address the value of search engine optimization (SEO) and using the right keywords and content in the specification, as well as share valuable data on the keywords and titles candidates search and apply for most often on OneWire. Additionally, Dyson will share best practices based on her professional recruiting experience.

"Precise Recruiting: The Importance of the Job Description" is a complimentary hour-long educational session hosted by OneWire. Recruitment professionals who wish to learn how to develop appealing and effective job specifications that help attract top talent are encouraged to attend.

About OneWire
OneWire is the premier destination for employers to connect with high quality finance talent. Employers use OneWire to source and recruit top finance candidates, and hundreds of thousands of job seekers use OneWire to get matched to relevant job opportunities and connect directly with hiring companies. OneWire's suite of cutting-edge sourcing tools and powerful matching technology help top financial firms, Fortune 500, and Global 2000 companies to attract, target, and hire the right finance talent. Candidates create detailed, confidential OneWire Profiles, which provide them with complete control and visibility throughout their job search. Our clients know that the right talent is a company's greatest asset. Hire the right finance talent, faster, on OneWire. Learn more at www.onewire.com.

This week, OneWire launched a new version of its recruiting platform, significantly improving the user experience.  Recruiters now have a job-centric dashboard, providing easy access to critical launch points and job metrics.  New language and navigation are also intended to improve usability, making it easier to move through the recruiting workflow.  New candidate filters help recruiters hone in on the most relevant candidates faster. In addition, the new release improves several processes for candidates, including those for unsubscribing from emails, unlocking accounts, and resetting passwords. 

Download Release Notes

Company Streamlines Job Search Tools, Improves Results View and Updates Interface, Helping Finance Candidates Connect to Jobs and Employers, Faster

NEW YORK, N.Y. – August 23, 2012 – OneWire®, where finance professionals get hired, today announced the release of the latest version of its cloud-based recruiting platform, built to help hiring employers more easily connect with candidates. The new release streamlines the way employers and recruiters find top talent and improves several candidate-facing features, such as a new homepage and stronger job searching functionality.

One of the primary enhancements to the platform is a new candidate results view, which provides employers with more candidate details upfront in the search results.  By showing candidates’ work history and education information in a standardized quick view, recruiters can review and compare candidates more easily.  The search functionality has been further enhanced with new filtering tools that allow users to sort candidates by a number of facets, including degrees, locations and years of experience.  These candidates can now be advanced more easily through the recruiting workflow.  Users can move one or multiple candidates from one step to another through a simplified set of tools.

In addition to improvements for employers, OneWire’s candidate interface is now more user-friendly and intuitive.  The homepage has been redesigned to place the job search function front and center,   prompting candidates to immediately begin searching for opportunities. Using an improved job search engine that provides search fields for both keywords and location, jobseekers are empowered to more quickly find relevant positions and initiate the application process.  Sign In and Sign Up forms have been updated to reflect these enhancements, streamlining the entry process for candidates.

“OneWire has emerged as the leading source for finance professionals to find relevant positions and connect with employers,” said OneWire president and co-founder Brin McCagg.  “A main part of that success is constantly improving our platform to meet the needs of both candidates and employers and ensuring they have a simple and intuitive experience.  This latest release provides employers with an easier way to find top talent, and it empowers candidates to more efficiently search for the positions and companies that will take their careers to the next level.”

Download Release Notes

As the economy fluctuates and young professionals are unsure about the security of their current jobs, there is a job that is being labeled as one of the most stable and significant careers in the finance space: the financial advisor.  In a recent Forbes article, the Bureau of Labor Statistics indicated that the growth rate of financial advisors is expected to reach 32% in the next ten years.  This is exceedingly higher than the growth rate of all other careers: 14%.  Additionally, a financial advisor’s salary could quadruple from the $64,750 median salary recorded in May 2010.

To add on to this positive news, the average age of a financial advisor is currently 50 years old.  As they look to retire, young professionals are sought after to take their places.  Cerulli Associates accentuates the need for a new generation of financial advisors when they recorded that out of the 316,000 financial advisors currently within the U.S., only 5% are younger than 30 years old.  With these factors in your favor, Danny Sarch, a Wall Street Recruiter, calls it one of “the most secure jobs in the world.”  Financial advisors come from varying backgrounds, so if you have a bachelor’s degree under your belt and an acclimation to learn something new, this could be a great career move!