EDA Careers Corner and News
Mark has been involved in EDA recruiting for over 18 years. He is Founder and President of EDA Careers, but started his career in EDA as executive Vice President at EDA Jobs. Mark was also VP of Marketing and Business Development in the beginning of the Internet revolution and has been a … More »
Extraordinary Year For EDA In So Many Ways…EDA Is more alive than ever…Is This The Best Time To Consider New Career Options?
December 13th, 2012 by Mark Gilbert
Last year we had a BILLION DOLLAR Mergers and Acquisitions (M&A) year with some incredible acquisitions. 2012 has been no different. While it will be almost impossible to replicate the mergers of 2011, 2012 stands as a close contender and a reminder that EDA IS MORE ALIVE AND WELL than in a heck of a long time.
Not only did we have some surprising acquisitions, we also had a record year in hiring. In addition, sales for EDA seem to be at levels perhaps never seen before or if so, certainly not for a while. In late 2010, early 2011, I predicted that we were entering the period where the countering of the axiom was beginning…the complete pendulum shift on hiring was starting to occur. During that time it was a complete hiring dream for companies…too many job seekers, with not enough jobs. As hiring in 2011 continued its growth and 2012 cemented it, The polar opposite happened exactly as I predicted…too many jobs and not enough qualified candidates. Understand, there will always be candidates looking, some having more success than others, but that does not negate the fact that hiring is clearly happening and quite strong in EDA.
This paradigm shift happened because the need outpaced the viable candidate pool. The simple fact is, hiring is still happening as 2012 closes and all indicators look like it will continue into 2013. As I wrote in my last column, my company had its best year ever and judging by all those I talked to, so have most in the biz. The pundits that cried EDA is over have been proven so wrong; EDA is more alive and we are all the happier for it.
The candidates I talked to are feeling better about remaining in EDA, the start-ups seem to be doing unexpectedly well, the big boys are recording tremendous growth and profits, and it gives me great pleasure to say it yet again…EDA is more alive than most of us can remember.
So the question many of you might be asking… is this the time to look at new options? The overall answer is yes but this is not an answer I can definitively give as it totally depends on your situation. I always tell candidates that call me (or stop me at tradeshows) that if you’re mostly happy…you like your boss and co-workers (for the most part) like the stuff you’re working on, and are overall satisfied with your comp plan, then stay where you are. You would be foolish to look… The best you would do is replicate what you already have. However, if those criteria are not up to your expectations, then by all means find out what kind of possibilities might be available to you. Remember, good positions are not easy to find. They can open and close faster than a Gate on a Logic Board. The best and most logical way to take advantage of those opportunities when they do arise, is to make sure your resume is in the hands of a knowledgeable, trusted source so that when the right possibilities come along, you get considered. Why not have the advantages on your side? Doesn’t it make sense for you to get the opportunity to quietly say yes or no to the possibilities?.
End of year is the absolute best time to look and here are a few reasons why: This is break time, breathing time, temporary winding down time. Numbers are accomplished (hopefully), new plans for the new year are built, hiring plans for the new year established. There is no better time to join a company than just after the break and being there at the start (or close to the start) of the year. The New Year brings New meetings, New energy and even some New teams. From a financial point, you already have your last year’s bonus (or will be getting it shortly where bonuses are paid) and the New Year bonus targets are in effect.
Reality is that while some preliminary discussions might be had, the follow-up interviews might not happen until next year. If a good candidate gets the companies’ attention, a meeting could even happen over the break. Either way, the time to start the process is now.
Happy Holidays to all of my Wonderful Friends, Colleagues and Acquaintances. I am so blessed to be in such a (relatively) small industry where so many of us know so many of us. May the holidays and New Year bring you everything you wish for in your career and in your life!
Tags: EDA Jobs