Chris Daniels at PRWeek: “Employees have been calling the shots in the PR job market, as demand for talent escalated last year and maintained a furious pace. The all-out war to attract and keep talent led to double-digit pay raises, enhanced benefits packages, signing bonuses and staff dictating where and how they want to work. That was then. Now economic factors are turning the job market into one favoring employers. … According to industry recruiters, the PR job market is showing signs of, if not a downturn, at least the fear of one.
“’Employment contracts are taking a little longer to get approved,’ notes Larry Brantley, president of executive search firm Chaloner. ‘Procurement and leadership are watching spending on new hires a lot more closely than last year. They are concerned a recession is around the corner, so organizations are being a lot more measured and cautious. They don’t want to hire too fast and have to make adjustments and downsize later.’”