April 2015 Market Report

With change in the markets there is always opportunity. We see contraction in some sectors while others continue to grow very rapidly. One client expects to grow 25% this year and another client is having trouble keeping up with new business volumes. These companies both are offering chemicals and/or services that are “compliance based” to improve mechanical integrity or to reduce emissions from high volume sources. In the chemical industry, operating rates remain high in most places and we are seeing many senior engineers retire. This two-fold situation creates opportunities for younger engineers to move up into key roles. Proactive companies are hiring new talent for the retiring ‘experts’ to mentor and are building in a 1 - 3 year window for this mentoring to take place. We filled several engineering roles recently with this built in mentoring concept and it is an ideal situation for an experienced hire. In March, there was a dramatic increase in interview activity - March was twice as busy as January. The market continues to change with Dow spinning off its chlorine business to Olin and Dupont continuing to look at spinning off businesses. These spin-offs remind us that it is not a “big company” that provides job security, but good individual performance and continued career development that provide the real job security. The market consensus indicates that oil prices will remain low for an extended period of time. Overall, we are encouraged by the excellent job opportunities we have with growing companies and we are looking forward to a solid second quarter.

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