Staffing and Employment News
Recruiters and hiring managers forecast modest job gains in early 2012, according to a national survey conducted by Dice Holdings Inc. released on November 28. In fact, almost half (47%) of hiring managers and recruiters surveyed said they plan additional hiring during the first half of the year. 43% of hiring professionals said that despite the economy, hiring plans have not changed; 21% are increasing hiring, and 30% are revising hiring plans downward.
“With so much uncertainty in the air when it comes to the economy and job creation, it’s a surprisingly positive sign that nearly half of respondents are optimistic about hiring at the start of 2012,” said Scot Melland, chairman, president and CEO of Dice Holdings. “Although modest in size, we’ve added private-sector jobs for 20 months now, and that modest job growth looks set to continue. We need to focus on removing any hurdles that impede companies from investing in America’s talent.” (more…)
Staffing & Employment News
Gloom and confidence, contradictory predictions on hiring and profits
Gloomy employment report numbers a surprise
The Employment Report for June has been called “moribund” and “abysmal”. On the eve of the report however, ADP predicted month-to-month strength in private payroll data, estimating a 157,000 gain. Other analysts also predicted better gains, projecting 125,000 in June. Instead, the BLS reported private payrolls at 75,000 and overall nonfarm payrolls at 18,000 due to declines in government sector employment (39,000 in June, 48,000 in May).
Confidence down despite projected rise in profits
The Conference Board measure of CEO Confidence dipped in the second quarter to 55, after rising in Q1 to 67. Lynn Franco, Director of The Conference Board Consumer Research Center said: “CEO confidence cooled considerably in the second quarter, a reflection of a sluggish U.S. economy. Looking ahead, expectations are that this slow pace of economic growth will continue. Regarding the outlook for profits over the next 12 months, the news was a bit more favorable, with about 70 % of CEOs anticipating profit increases.” (more…)
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…)