CareerJournal | Bleak Labor Market Hits Recruiters Hard -
[Cached Version]
Published on: 12/13/2002
Last Visited: 11/9/2007
Robert Higbee, president of Higbee Associates Inc., a Rowayton, Conn., search firm, is working out of his dining room after giving up his office space -- and its $4,000-a-month rent -- this year.Most of his business placing management consultants and corporate-finance professionals has vanished, he says.His four staffers are at their homes most of the time, staying in touch via e-mail; two other recruiters were laid off in March 2001 after a brutal stretch, during which seven search assignments were canceled in one month.
Mr. Higbee also started pitching software to job seekers last fall and welcomes the added revenue.His $40 downloadable product, called YourJobSearcher, scours career sites for jobs.The firm, which used to count General Electric Capital Corp. as a client, also now seeks recruiting work from nonprofits and "smaller firms that don't have an HR department," he said.