Staffing & Employment News
Executive-level employment this year continues to be positive in certain industries, those showing the highest demand are healthcare, clean energy, pharmaceutical and high-tech sectors at the most senior levels. Non-executive hiring is also reportedly increasing. Approximately half of corporations with a hiring freeze in effect last year have already lifted or planned on lifting these by the end of Q2. At Redfish we are certainly seeing more hiring and as importantly more job reqs being authorized. The July ADP figures have been released showing that US companies added more workers in July than forecast. A gain of 42,000 workerts followed a revised 19,000 increase the prior month, according to figures from ADP Employer Services published 8/4/2010. (more…)
Wages and Salaries as the Economy Recovers — Or Not
by Robert Teal, CCP, CBP
As the economy begins to show signs of recovery you would expect to see a growth in wages and salaries, or maybe not.
In a May 19th article titled “Starting salaries drop with higher unemployment” published in the St. Joseph News-Press by Ryan Davis, it was reported that this year’s crop of new college graduate may need to adjust their salary expectations before heading out into today’s job market.
The Job Market is Soft But Growing
While overall employment fell in June for the first time this year (largely due to the winding down of the federal census employment), private employment (exclusive of government jobs) increased for the 6th month in a row. ADP reports the addition of an estimated 13,000 workers to private payrolls in June, indicating slower job growth than expected. The Commerce Department revised the GDP to 2.7% from 3%, however CEOs and staffing companies see hiring increased.