Career and Job-Hunting Blog
Career and job-search news, trends, and scoops for job-seekers, compiled by the staff of Quintessential Careers.
|Career and Job-Hunting Blog Index|
|April 22, 2009|
New survey finds companies with plans to slow job cuts, but planning additional cost reductions while positioning for future economic recovery.
It’s possible that — at least for some firms — the layoffs, forced retirements, and other rightsizing may have reached its peak and we are down on the downside… meaning that there will still be layoffs, but moving into a period of time when the labor market is in transition with an eye toward recovery. A total of 41 percent of employers who have already cut their workforce reported they may need to do it again in the next 12 months, depending on the economy.
According to a survey released today from Watson Wyatt Worldwide, a workforce consulting firm, the percentage of companies planning initial staff in the next 12 months fell to 5 percent in April — down from 13 percent in February. Furthermore, a total of 72 percent of the employers surveyed reported already reducing their workforce — up from 52 percent in the February report.
While some employers are still hiring, 72 percent of the responding companies reported having a hiring freeze.
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- The Career Doctor Career Advice Column
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