Will COVID-19 close the revolving door? - Roll Call

samasamp.blogspot.com

But with the economic uncertainty caused by the coronavirus pandemic and the political turmoil of this year’s elections, has the private sector lost some of its sheen for these weary aides? Is the revolving door from Congress to K Street still a viable option for congressional aides looking to cash in?  

K Street has not been immune to the layoffs and salary reductions stemming from the pandemic-rocked market. But clients still need help navigating Capitol Hill. 

“Certainly, there has been some impact in the job market in some loss of employment as a result of the pandemic, but it’s not as dramatic as it could have been,” said Stephanie Tomasso, who leads the trade and professional association practice at Russell Reynolds Associates, an executive recruiting firm. “We’re seeing that strategic hiring has continued after what we saw as a little bit of a dip in the spring.”  

Certain sectors, in particular, are on the hunt for new strategists, including the drug industry’s main lobby, the Pharmaceutical Research and Manufacturers of America, which is hiring a new head of public affairs, with Russell Reynolds guiding the search. 

Lobbyist Stephanie Silverman, who runs the firm Venn Strategies, said her firm is taking a cautious approach to bringing on new employees. “We tend only to hire when we can see out 12 months, and because of the pandemic it’s harder to have a line of sight,” she said. “We’ve hired, but we’ve hired modestly.”

Let's block ads! (Why?)

"close" - Google News
September 15, 2020 at 05:30PM
https://ift.tt/2E1IwkQ

Will COVID-19 close the revolving door? - Roll Call
"close" - Google News
https://ift.tt/2QTYm3D
https://ift.tt/3d2SYUY

Bagikan Berita Ini