In the technology market today, the term “unicorn” is on the
decline, according to an article on Techcrunch. These privately funded businesses that are valued at $1 billion
dollars or more, are turning out to be overvalued and making an impact on the
market. Many people have spoken about a market correction coming. As
recruiters, we capitalize in this type of market. It helps us to partner with
strong emerging companies, in the tech sector, by building lasting
relationships and confidence.
A market correction is a great
opportunity for any company to shine. Unemployment is the lowest it has been in
years, making this a candidate’s market. Candidates can pick and choose where
they want to go and negotiate their salary and benefits. Since companies are
after the same talent, they must differentiate themselves from everyone else.
This is where we step in and generate the best experience for both parties
involved. We add value by knowing what each candidate and company needs and
wants, as well as matching a company’s culture and a candidate’s personality. We
then deliver on their requirements.
If there is a market correction in
the technology sector this will allow the true tech companies to stand out. It will
help get rid of companies that are just hype or vaporware leaving the real technology
in its wake. Recently there has been a lot of excitement around artificial
intelligence, machine learning, augmented reality, etc. Once the hype has
slowed down for these technologies, the companies that deliver real results are
the ones that will survive. As recruiters, we love this type of environment! It
helps us to bring opportunity and talent together to create longevity for the
candidate and company. There is always a
silver lining in any market correction and we are here to ensure the future for
everyone.
References
Teare, G., & Glasner, J. (2017, July 12). The State of
the Unicorn. Retrieved from: https://techcrunch.com/2017/06/02/the-state-of-the-unicorn/
