The good news is that recruiting activity has acceleratedsignificantly over the past 12 months, and the trend is likely tocontinue. The bad news for hiring managers is that we have alreadycrossed the line into a sellers' market.

However, a “lag-effect” has impacted recruiting activity as manyhiring managers have not fully adjusted compensation tables toreflect the accelerating recovery and ramp-up in recruitingactivity. Compensation for development professionals is themost extreme example of this situation. Development activity laggedbehind recruiting for investment professionals, however, over thelast 12 months the tide has turned and searches for developers fromjunior project managers to top development executives is reachingepic proportions.

The result is a shortage of talent and a corresponding ramp-upin compensation. Wake-up hiring managers and dust off yourcheckbook.