Slower, More Cautious Hiring Expected in New Year, CareerBuilder.com's Annual Job Forecast Reveals
Posted on: Tuesday, 30 December 2008, 04:00 CST
"The job market of 2008 suffered as the U.S. economy weakened and entered
into a recession," said
Full-time
Fourteen percent of employers plan to increase their number of full-time, permanent employees in 2009, compared to 32 percent who anticipated increasing headcount in 2008. Sixteen percent plan to decrease staff levels in 2009 while 56 percent expect no change. Thirteen percent are unsure.
Part-time
Eight percent of employers plan to increase their number of part-time employees in 2009, down from 21 percent who expected to do so in 2008. Fourteen percent plan to decrease headcount in 2009, 62 percent expect no change and 15 percent are unsure.
Hiring By Region
Staff expansions are expected to be strongest in the South and West in 2009. Eighteen percent of employers in the South and 14 percent of employers in the West plan to add full-time, permanent employees compared to 13 percent in the Midwest and 11 percent in the Northeast. Employers in the Northeast are projecting one of the largest amounts of staff decreases at 19 percent, followed by 17 percent in the Midwest, 16 percent in the West and 14 percent in the South.
Hiring By Industry
Comparing select industries, job creation in Professional and Business Services and Information Technology is expected to carry into the new year. Twenty-eight percent of IT and 23 percent of Professional and Business Services employers plan to add full-time, permanent employees in 2009, followed by 20 percent of employers in Transportation and Utilities, 16 percent in Sales, 14 percent in Healthcare and 13 percent in Financial Services. Retail employers are also planning to expand staffs at 7 percent followed by 5 percent of Hospitality employers.
SEVEN MAJOR HIRING TRENDS FOR 2009
#1 Increased Salaries
Even as companies explore ways to cut costs, employers still plan to increase salaries in the coming year.
-- Sixty-six percent of employers report their companies will increase salaries for existing employees in 2009, down from 80 percent in 2008. Forty-six percent expect to raise salaries by 3 percent or more while 10 percent anticipate increases of 5 percent or more. -- One third of employers expect to increase salaries on initial offers to new employees, down from 65 percent in 2008. One-in-five (21 percent) employers will raise salaries by 3 percent or more while 7 percent anticipate increases of 5 percent or more.#2 Flexible Work Arrangements
Close to one third (31 percent) of employers say they plan to provide more flexible work arrangements in 2009. These arrangements include:
-- Alternate schedules -- come in early and leave early or come in later and leave later -- 70 percent -- Telecommuting options -- 48 percent -- Compressed workweeks -- work the same hours, but in fewer days -- 40 percent -- Summer hours -- 19 percent -- Job sharing -- 13 percent -- Sabbaticals -- 7 percent#3 Green Jobs
Employers plan to become more environmentally aware in the new year. Thirteen percent of employers say they plan to add "green jobs" in 2009, compared to one-in-ten who say they added them in 2008. "Green Jobs" are positions that implement environmentally conscious design, policy, and technology to improve conservation and sustainability.
#4 Recruitment Tools
As recruitment budgets tighten, more employers are leveraging the Internet as a vehicle for finding potential employees. While nearly one quarter (23 percent) of employers say their overall hiring budgets will decrease for 2009, however, they plan to increase their recruitment spend on the following:
-- Online recruitment sites -- 19 percent -- Newspaper classifieds -- 15 percent -- Career fairs -- 12 percent -- Staffing firms and recruiters -- 12 percent -- Social networking sites -- 7 percent#5 Retaining Retirees
A quarter of employers surveyed report concern over the loss of intellectual capital at their organizations as a large number of baby boomers approach retirement age.
-- Nearly one-in-five employers (17 percent) say they are likely to rehire retirees from other companies in 2009. Another 12 percent are likely to provide incentives for workers at or approaching retirement age to stay on with the company longer.
#6 Diversity Recruitment
When asked if there is a particular segment of diverse workers they plan to target more aggressively in 2009, employers pointed to Hispanic workers, women, African-American workers and mature workers.
-- Nearly nine-in-ten (88 percent) employers report they will be placing the same or greater amount of emphasis on recruiting bilingual candidates in 2009.
#7 Freelance or Contract Hiring
As the nation waits for the economy to bounce back, employers are turning to freelance or contract workers to help support their businesses.
-- Twenty-eight percent of employers anticipate hiring freelancers or contractors in 2009.
HIRING AND COMPENSATION IN Q1
Hiring
Seventeen percent of employers say they increased their headcount in the last three months. Twenty-two percent reduced headcount while 60 percent reported no change. One percent were undecided.
In the first quarter of 2009, 16 percent of employers say they plan to add employees. Sixteen percent will decrease headcount while 62 percent anticipate no change and 6 percent are undecided.
Compensation
With a large number of annual salary increases taking place in the first quarter, 56 percent of employers expect to raise compensation levels in the next three months. Forty-three percent estimate the average raise to amount to 3 percent or more while 12 percent anticipate an average raise of 5 percent or more.
Survey Methodology
This survey was conducted online within the U.S. by Harris Interactive on
behalf of CareerBuilder.com among 3,259 hiring managers and human resource
professionals (employed full-time; not self-employed; with at least
significant involvement in hiring decisions; non government); ages 18 and over
between
About CareerBuilder.com
CareerBuilder.com is the nation's largest online job site with more than
23 million unique visitors and over 1.6 million jobs. Owned by Gannett Co.,
Inc. (NYSE: GCI), Tribune Company, The McClatchy Company (NYSE: MNI) and
Microsoft Corp. (Nasdaq: MSFT), the company offers a vast online and print
network to help job seekers connect with employers. CareerBuilder.com powers
the career centers for more than 1,600 partners, including 140 newspapers and
leading portals such as AOL and MSN. More than 300,000 employers take
advantage of CareerBuilder.com's easy job postings, 28 million-plus resumes,
Diversity Channel and more. CareerBuilder.com and its subsidiaries operate in
the U.S.,
SOURCE CareerBuilder.com
Source: PR Newswire
Related Articles
- DuPont Expects Seed Business Will Grow More Than 15 Percent in 2009
- emTRAiN LMS Dashboard Helps Businesses Easily Plan, Deploy and Track Employee and Customer Training Online
- CareerBuilder's Annual College Job Forecast Finds New College Graduates Will Have to Compete Much Harder for Jobs
- Optimatum Solution Saved Employers on Average $1086.00 per Employee in 2008 Without Shifting Costs
- One-in-Five Employers Use Social Networking Sites to Research Job Candidates, CareerBuilder.Com Survey Finds
- Solid Hiring Expected for the New Year, CareerBuilder.Ca's Annual Job Forecast Reveals
- Blue Bell, Pa.-Based Unisys Plans to Shed About 3,500 Jobs
- Less Than 1 Percent of Health Plan Members Are Diagnosed with Alcohol Use Disorders
- Survey Finds 81 Percent of U.S. Enterprises Plan to Invest in 32/64-Bit Hybrid Servers in 2005; Network Security and Supporting Business Growth Are Top IT Spending Priorities
 |
 |
User Comments (0)
RSS Feeds