Tom Sweeney

It's a coming of age tale….

Posts Tagged ‘Demand’

SAP vs PeopleSoft: Highest paying jobs?

Posted by sweens on March 30, 2009


Often times in my daily contact with candidates, I find myself engaged in conversations about what technologies are hot or what the high demand / big paying jobs are in the market today.  To those people who are willing to accept a new career path I suggest they look into two products – PeopleSoft or SAP.  Before we dive into these two products, I would say that if you lived in Ottawa and had a Secret level security clearance and experience with either PeopleSoft or SAP, you would be deciding which contracts you wanted and which ones you did not.

 

PeopleSoft and SAP offer both financial and human resources solutions to clients all around the world.  They are arguably the two biggest solutions on the market today and are found in many private and public sector clients in the Ottawa area.  What sparked this blog for me was that I was wondering how much certification for these positions cost.  This thought came to be as I worked on recruiting an SAP order and the person I was speaking to wanted to be paid $135 per hour.  Naturally I thought to myself “how can I get a job that pays as much?”

 

The answer is pretty simple – get a job in PeopleSoft or SAP.

 

But it comes at a price, a very large price.  Training for SAP and PeopleSoft is to say at the least ‘slightly’ on the expensive side.  Let us take for example someone who wants to train themselves as an SAP Netweaver MDM consultant.  You go to www.SAP.com, find the training you are interested in and register for each class.  The MDM training has 7 courses that are required in order to complete the certification – ranging from a 4 hours to a 5 day course.    With an average (estimated) cost of $3000 – Canadian – per course, you are looking at over $20000 in order to certify yourself. 

 

All of a sudden, these high bill rates are starting to make sense to me.

 

I did a quick search on PeopleSoft training and the prices are comparable.  What a smart business model by Oracle (owners of PeopleSoft) and SAP.  Not only do they get to make money via the sale of the software, they get to make money on the training.  The training is also expensive enough to deter anyone who is not serious about it, and therefore keeps the supply in the market reasonably low. 

 

And there you have your high bill rates – highly trained and overly demanded professionals.  So I continue with my usual suggestion in that if you are looking for a high paying job – get into SAP or PeopleSoft.  While the training will cost you a pretty penny, you will certainly have the ability to make your money back (and then some) in a very short time frame. 

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Equilibrium: Apparently it applies to more then grade 10 science class…

Posted by sweens on March 23, 2009

Today I had a coffee with a professional who has a similar profession to my own.  During our coffee chat it was pointed out to me that there is a sense of equilibrium that exists within the recruitment world and the labour market.  This relationship is as follows:

 

The labour market always has either too many jobs with too few resources or too few jobs for too many resources (supply and demand). 

 

I thought this was an interesting way to look at the recruitment world because it is an accurate statement.  If the labour market were ever to balance out – where we would have an equal number of jobs to resources – there would be no need for the recruitment industry.  So what can we say when the industry is on either side of this equilibrium?

 

It seems to be common knowledge that when you are in the recruitment industry and the economy is booming and people are hiring – the times are great.  Money is to be made and it has been described as shooting fish in a barrel.  Smaller recruitment companies are formed and there is a lot of competition.

 

When times are bad, those smaller companies tend to fold or down-size and the whole industry is affected.  When the number of placements drops there is less to go around for everyone in the industry so things obviously decrease in size.  The larger companies can often look at this situation in a positive manner because smaller companies are more likely to fold during this time and offer them less competition during a recession and once the market comes out of the recession.

 

All in all, the recruitment industry is heavily reliant on the economy and depends on the fact that employers can not satisfy their own staffing needs, either due to too many or too few candidates.    

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