January 12, 2011

Staffing & Employment News

Staffing & Employment News – Optimism and Hiring over next six months

Recruiters are often called a bellwether of the economy, and as such we’d like to share good news with you. Redfish Technology more than doubled our production in 2010 and we look forward to a strong year ahead.

According to ExecuNet, two-thirds of executive recruiters anticipate more management talent over the next six months in spite of the continued measures to contain corporate headcount. ExecuNet wrote in a press release that in December that their “benchmark Recruiter Confidence Index revealed that 66 percent of 144 responding executive recruiters are “confident” or “very confident” the executive employment market will improve over the next six months, up five points from November and the highest confidence registered since the second quarter of 2008.”

The Conference Board reported the results of their U.S. employment trends index have increased from 98.5 in November to 99.3 in December – it is up 7.6% from in December of 2009.”The improvement in the employment trends index in recent months suggests employment growth is likely to accelerate moderately in the first half of 2011,” said Gad Levanon, associate director of macroeconomic research at The Conference Board.

According to the Business Roundtable Fourth Quarter 2010 CEO Economic Outlook Survey, the CEOs of America’s leading companies plan increases in hiring, sales and capital expenditures over the next six months. Anticipated sales increases signal returning demand, which leads to the expectation of increased capital expenditure and employment over the next six months. The participating CEOs however expect growth to be at a mild 2.5% in 2011. The BR CEO Economic Outlook Survey Index rose above 100 to hit 101 in the fourth quarter of 2010, up from 86 in the third quarter of 2010. The last time the index surpassed 100 was in Q2 2006.

The National Federation of Independent Business (NFIB) small business optimism index hit 93.2 in November up from 91.7 in October – this is the highest level since December 2007, the fourth month in a row that optimism has increased. As a comparison, the index was mostly over 100 every month from 2002 to mid-2006. The low point (81) was March 2009, and has been stagnating between the recessionary territory of 88 and 90 since May 2009. Taxes, Poor Sales, and Government Regulations are cited most often as the single most important problem by survey respondents.

So there is optimism and hiring, especially in key management talent arenas. The county needs employment to increase at a higher rate however to make a dent in the 9 percent mark anticipated this year. Get hiring!

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3 Comments »

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