NEW YORK, Oct. 17, 2006 (PRIMEZONE) -- A report provided by the Career Management and Recruiting Resource Firm ExecuNet on the executive job market bolsters recent comments by Mr. Ralph Clark, President of Platinum IT Consulting Inc., a subsidiary of Global IT Holding Company (Pink Sheets:GITH).
Mr. Clark recently said, "A range of factors have combined recently to shift the balance in the IT recruiting sector so that we now have a situation that is beginning to look more like the years prior to Y2K." Platinum IT Consulting Inc. and its related company, Parker Clark, both source IT personnel for companies and offer custom software solutions including Oracle, SQL Server or Sybase and software such as SAP, JD Edwards, and PeopleSoft.
The ExecuNet report utilized simultaneous national surveys of search firms and corporate recruiters, as well as the participation of the corporate human resources community, and has forecasted expanding opportunities for executive search firms and corporate recruiters through to the end of 2006.
In their 14th annual Executive Job Market Intelligence report, below the heading "Growing Executive Demand Ignites War for Talent," they point to numerous signs of an improving market for both executive and placement firms, including:
-- Compensation expectations for job-changing executives returned to
the double-digit forecasts that were last seen in 2002. On average,
executives expect an 11 percent increase in total compensation if
they were to change jobs in 2006, compared to 5 percent in 2005,
and just 1 percent in 2004.
-- Search firm professionals are forecasting a 27 percent growth spurt
to their businesses, and they are staffing up in preparation. The
increase in search assignments in 2006 will build on the previous
year, outpacing the growth by more than 2-to-1.
Mark Anderson, ExecuNet President and Chief Economist, says in the report that "With the economy on solid ground, business spending is starting to climb, a trend that's already creating a growing number of new job opportunities in the business services and high-tech industries."
About Platinum IT Consulting
Platinum IT Consulting, Inc. was established in 1986 and has sales offices in New York City and Madison, NJ. In 2004, Platinum IT became part of the Global IT Holdings, Inc. family of companies. Global IT Holdings, Inc. is a New York-based holding company created to acquire targeted I.T. staffing firms. The company's current holdings include Platinum IT Consulting and its associated company Parker Clark Data Processing.
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications which may arise could prevent the prompt implementation of any strategically significant plan(s) outlined above.