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TrendWatch Fast Fact: New Business OpportunitiesBusiness opportunity in hiring new employees is at an all time high
Fact: One out of three studios (31%) cite hiring new employees as a top new business opportunity in 2005
Why should you care?
If youve been reading Fast Facts for a while, you know that this number has been steadily climbing. This tells us that studio/facility owners and executives see their people as a key to getting new business. Also for many studios, hiring new people signals added capabilities to serve existing and new clients. Overall this is good news since most studio decision makers do not hire new employees without the project growth to support them. Four years ago, 16% of U.S. studios cited hiring new employees as a new business opportunity; two years ago this number was 27%. Producers, sales report, videographers and editors top the list of job titles that studios are looking to hire.
-- Excerpted from the TrendWatch Visual Effects/Dynamic Media Report Issue #5, Summer 2004 and TrendWatch databases.
These market facts are based on original TrendWatch market research with executives and business owners in the TV/Broadcast and visual effects industries. You can reach the TrendWatch Partners, Jim Whittington and Dr. Joseph Webb via e-mail at [email protected], or visit the company's Web site at www.trendwatch.com.
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