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| Media economy | |
for media buyers Some agencies are beginning to beef up media departments Jun 15, 2009 The job market for media buyers and planners has been abysmal, but it appears this drawn-out hiring slump may finally be turning. While there are still layoffs taking place, they appear to be fewer, and some agencies are hiring again. Some of the uptick in hiring is the result of agencies coming to realize they let too many people go when the economy hit the skids last fall. They've found themselves stretched too thin. “We’ve grown, we’re hiring, we’re expanding our square footage and we’ve rounded out our team with more people,” says Aric Zion, CEO of Zion & Zion, an ad agency in Tempe, Ariz. “It is absolutely due to the number of clients. We’ve brought on smaller clients and larger clients.” At this point, says Sklar, media people who have the best chance of landing a job are those most willing to pack up and move. “If people have flexibility in relocating, they have a greater chance of finding something,” she says. “But, of course, not everyone has that flexibility.” Another positive sign for the job market is that some advertisers are beginning to beef up their budgets. While the most recent spending reports would suggest the ad recession is worsening--recent reports for the first quarter show double-digit declines--media buyers relate that ad spending is actually picking up in some areas of media, notably spot television. While there has been much suffering among media buyers and planners during this recession, it's been less than in other areas of advertising, in large part because media departments remained relatively lean after the last recession. When this downturn came, agencies simply had fewer positions that were considered expendable. That led to fewer job cuts, and those cuts came relatively late in the ad recession. During this recession, many agencies held off on hiring college graduates, so there’s a gap in those media people with a couple of years of media department experience. “As soon as hiring comes back, these people will be in very short supply,” says O’Hare. “That gap over time will creep up the ranks. Then it’ll be senior planners, then it will be supervisors, then associate media directors and on up through.”
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