In the last week or two Google surpassed the $600 mark…..yes, I’m still kicking myself for not buying at $85!! And this week not only did they announce awesome profits of +46% in Q3 but their hiring is rocking + 3,678 in two quarters (25% total employee growth in two quarters)!!
“Google added 2,130 employees during the quarter to end at a staff of 15,916, compared to its addition of 1,548 employees during the second quarter. The company’s second-quarter profit had fallen short of expectations as costs including staff expenses weighed on the bottom line, partly because Google hired faster than it had expected.”
Interesting - how many companies can claim they are hiring faster than expected? Not a bad problem to have, even if it did have an impact on profits. If the hiring was quality and not just quantity they should see the ROI through sustained execution and performance - if they are on-boarding effectively as well. After all, I believe it was the Google guys that said the dot.com crash was as much about a lack of quality, experienced talent as it was about poor biz plans. But is Eric Schmidt putting the breaks on??
Oh, and the stock closed today around $639!!
Read the entire WSJ article
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This post was written by:
Susan Burns - who has written 22 posts on Cheezhead.
As president and founder of Talent Synchronicity, Susan develops talent strategy solutions through an integrated alignment with core business functions and processes. Susan weaves together technology, social media, branding, P & L experience, and alignment with business directives to create intrinsic value in strategic recruitment and talent initiatives. Susan also serves as executive director for The Future of Talent - a community of senior talent leaders influencing the future of talent strategies to guide their organizations to achieve sustainable and competitive practices.
Previously, Susan was Worldwide Talent Acquisition Leader with Waggener Edstrom Worldwide, the second largest privately held PR firm. Susan was responsible for leading and developing a global talent attraction and acquisition function, a workforce planning model, and Agency Executive Board guidance.
Prior to Waggener Edstrom, Susan was Operating Vice President of Employment Initiatives and College Relations for Federated Department Stores (Macy's Inc), the parent company of Macy's and Bloomingdales. Susan led the transformation of Federated's recruitment process, employment brand and recruiting technology through a number of key initiatives. Additionally, through her leadership of Federated’s college relations program the company was recognized by Business Week as one of the Top 50 employers for new college graduates.
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