If you remember the 90s, you were there! My introduction to the Staffing Industry was in 1991. I wish I could say that the economy was rockin’ and rollin’ at that time, but the fact is that unemployment averaged about 7.5% for almost 2 years. So what happened? The company that I joined was in IT Tech Staffing. We grew from 13 offices to 33 offices and over $100MM over the next 5 years! Wow, what a rocket ride. The years 2002 and 2003 were not so pretty either. Unemployment was over 6% most of that time. Remember the “Dot Bomb” years? Some firms dived while some other firms thrived. Lesson Learned: Tough times don’t last, but tough people do! Where do you want to be when the current recession ends?
This Bullhorn Blog post was written by Jim Della Volpe.