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New year’s job outlook on the grim side: Study

CareerBuilder.com released the results of its latest survey, conductedby Harris Interactive, tracking projected hiring trends for 2009.

CareerBuilder.com released the results of its latest survey, conducted by Harris Interactive, tracking projected hiring trends for 2009.

The survey was conducted in November and December among 3,259 hiring managers and human resource professionals in private-sector companies.

“The job market of 2008 suffered as the U.S. economy weakened and entered into a recession,” said Matt Ferguson, CEO of CareerBuilder.com. “Looking ahead, recruitment levels are expected to be lower in the new year, but employers are not out of the mix completely; instead they’re taking ‘a wait and see’ approach to hiring. Fourteen per cent of employers, surveyed by CareerBuilder.com, state they plan to increase full-time, permanent employees and 16 per cent plan to decrease in 2009. The remainder of employers say they are unsure or don’t plan to make any changes to their headcount in the new year.”

Full-time

Fourteen per cent of employers plan to increase their number of full-time, permanent employees in 2009, compared to 32 per cent who anticipated increasing headcount in 2008. Sixteen per cent plan to decrease staff levels in 2009 while 56 percent expect no change. Thirteen per cent are unsure.

Part-time

Eight per cent of employers plan to increase their number of part-time employees in 2009, down from 21 per cent who expected to do so in 2008. Fourteen per cent plan to decrease headcount in 2009, 62 per cent expect no change and 15 per cent are unsure.

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 per cent of IT and 23 per cent of professional and business services employers plan to add full-time, permanent employees in 2009, followed by 20 per cent of employers in transportation and utilities, 16 per cent in sales, 14 per cent in health care and 13 per cent in financial services. Retail employers are also planning to expand staffs at seven per cent followed by five per cent of hospitality employers.

Compensation

With a large number of annual salary increases taking place in the first quarter, 56 per cent of employers expect to raise compensation levels in the next three months. Forty-three per cent estimate the average raise to amount to thre per cent or more while 12 per cent anticipate an average raise of five per cent or more.

 
 
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