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Bowman Williams

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💡Thoughts from our CEO, John Davenjay on the current job market and what it means for MSP hiring in Q4💡 "Yes, the U.S. created 250,000 jobs in September. But if you look closely, around 12% were filled by the government. A strategic move to prop up job reports so those in power can stay in power? Who knows? The point is, it’s hard to make heads or tails of the economy right now, especially in an election year. Economic uncertainty leads SMBs to limit spending — tight purse strings rattle those renewals MSPs thought were in the bag, increase RFP competitiveness, and stifle project work. Yet, MSPs are thriving in Q4. Bowman Williams reported a 220% increase in MSP hiring from June & July vs. August & September, and October might be our best month ever for helping MSPs hire. The calm before the storm? I’ve been recruiting for the MSP industry for 15 years. Smart MSPs will focus on efficient hiring in Q4. Here’s what that means right now… 1. Who you hire in Q4 might not ramp up to utilization fast enough to justify keeping if/when the economy slips early to mid-2025. Don’t fill seats with bodies; fill seats with the best MSP talent you can find within your budget (duh, but how?). Be ultra-picky, cast a wide net, sample the market, and start hiring early. 2. Hire MSP talent with dual skill sets to keep costs low and to further bridge the gap between operating as a strategic partner vs. “that” transactional IT support company. This also protects renewals and hedges bets that your MSP wins more RFPs in the upcoming climate. 3. Measure twice, cut once. Make sure your interview process doesn’t “shoot from the hip.” Be on point. Hiring mistakes now will only compound if/when faced with declining demand later."

Alan Le

System Administrator at Big Thumb Ltd

1mo

Very helpful

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