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Job Forecast Us Q2-2011 Fa

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  • 1. CareerBuilder and usa today’s Q2 2011 JoB ForeCast
  • 2. CareerBuilder and usa today’s Q2 2011 JoB ForeCast the quarterly hiring outlook for the U.s. is the strongest in three years, according to the latest nationwide survey of employers and workers from careerbuilder and Usa toDaY. Nearly three-in-ten employers (28 percent) added full-time, permanent employees in the first quarter of 2011, the highest since the first quarter of 2008. the momentum is expected to continue with the same amount of employers planning to add full-time, permanent jobs in the second quarter. “While employers are keeping a close eye on world events, their confidence levels in regard to recruitment have remained intact,” said Matt Ferguson, CEO of CareerBuilder. “Job listings on CareerBuilder are up across all categories, from healthcare and technology to manufacturing. The survey points to continued, measured gains over the next three months. As the nation moves toward greater financial stability, more employers are investing in talent for the long-term.” With more job openings comes more competition for highly skilled workers. One-third (33 percent) of employers are concerned that top performers will look for employment outside of their organization as the economy improves. Fourteen percent reported that top talent already left their organization in the first quarter of this year. This quarter (Jan. 1 - Mar. 31, 2011), have top workers left your organization for other jobs as the economy has improved? 7% 14% Yes No Not Sure 79% Workers in general reported more optimism about the job market, according to the survey. As the economy picks up, 31 percent of workers said they are likely to start looking for another job. As the economy improves, how likely are you to start looking for another job? 31% 41% Likely Neither likely or unlikely Unlikely 28% CareerBuilder and USA TODAY surveyed more than 2,800 hiring managers and human resource professionals and more than 5,600 workers across industries and company sizes. The survey was conducted from February 21 to March 10, 2011.Totals may not equal 100 percent due to rounding. Q3Q2 2011 Job forecast 2008 Job forecast 21
  • 3. Hiring in Q1 2011 This quarter (1st quarter, Jan. 1 - Mar. 31, 2011), is your company, at your location, increasing, decreasing or makingIn the last survey completed in December 2010, 23 percent of no change to its number of full-time, permanent employees?employers expected to hire full-time, permanent employeesin the first quarter of 2011. The number of employers who 1% 28% Increaseactually added headcount in the first quarter was 28 percent, Decreasesignifying seven consecutive quarters where actual hiring No Changeexceeded projections. This is also a jump from last year, Company Undecidedwhen 23 percent of employers reported they had added full- 10%time, permanent headcount in the first quarter of 2010.Ten percent decreased headcount in the first quarter of 2011, 62%an improvement from 12 percent last year. Sixty-two percentsaid there was no change in their number of full-time, If your company, at your location, employs hourly workers,permanent employees while one percent were undecided. how have their hours on average changed in the first quarter 2011 compared to the same period in 2010? 59%In terms of hourly employment, 59 percent of employers 60%reported no change in the number of hours offered in the 50%first quarter compared to the same time last year. Twelve 40% 30%percent said hours were cut while 11 percent stated hours 20% 12% 11% 5% 14%had increased. 10% 0% Hours Hours Hours Not Sure Company Were Cut Increased Stayed the Doesn’t Employ Same Hourly WorkersHiring in Q2 2011Twenty-eight percent of employers plan to increase their In the second quarter (Apr. 1 - Jun. 30, 2011) does your company, at your location, plan to increase, decrease or makefull-time, permanent headcount in the second quarter, but no change to its number of full-time, permanent employees?if current survey trends persist, that number may ultimatelycome in higher at quarter end. 4% Increase 28% DecreaseSix percent expect to downsize staffs. Sixty-three percent No Changeanticipate no change while 4 percent are undecided. Company UndecidedLooking at actual hiring for the second quarter in 2010,24 percent of employers reported they had hired full-time, 6%permanent staff while 11 percent decreased headcount. 63%teMPorarY HIrINGEmployers continue to leverage temporary staff to help Does your company plan to hire contract or temporarymeet increased business demands. Twenty-nine percent of workers, at your location, in the second quarter?employers reported they hired contract or temporary workers Yes 26%in the first quarter. Twenty-six percent plan to do so in the Nosecond quarter. Seventeen percent said they are planning totransition some contract or temporary staff into permanentemployees in the second quarter. 74%Totals may not equal 100 percent due to rounding. Q2 2011 Job forecast 2
  • 4. Hiring in Q2 2011 (Continued)HIrING bY reGIoNHiring is expected to pick up more in the West in the second Hiring by Region: In the second quarter, does your company,quarter. One-third (33 percent) of hiring managers in the West at your location, plan to increase, decrease or make no change in its number of full-time, permanent employees?expect to increase full-time, permanent headcount compared 67%to 28 percent in the Northeast, 27 percent in the Midwest and 70% 62% 64% 58%24 percent in the South. 60% 50% 33%Although employers in the South are less likely to add full- 40% 30% 28% 27%24%time, permanent employees than other regions, they are also 20% 6% 6% 6% 4% 4% 5% 4% 10% 4%less likely to downsize. Four percent of employers in the 0% Increase Decrease No Change CompanySouth expect to decrease staff levels compared to 6 percent Undecidedin the Northeast, West and Midwest. Northeast Midwest South WestHIrING bY coMPaNY sIZeHiring among small businesses - the major driver behind new job Hiring by Company Size: In the second quarter, does yourcreation in the U.S. - is showing signs of improvement. company, at your location, plan to increase, decrease or makeTwenty-three percent of companies with 500 employees or less no change in its number of full-time, permanent employees?plan to recruit full-time, permanent employees in the secondquarter, up from 19 percent last quarter. Seventeen percent 80% 67% 55%of companies with 50 or less employees expect to add new 60% 36% 500 employees or less 40% 23%employees, up from 14 percent last quarter. 20% 5% 7% 5% 3% More than 500 employeesHiring in larger organizations is also trending positive. Thirty-six 0%percent of companies with more than 500 employees plan to add e se ge ci y as de pan ea an d re defull-time, permanent staff in the second quarter, up from cr Ch Un om c In De C No30 percent last quarter.The survey also indicates less employers are planning to reducestaff levels. Five percent of companies with 500 or less employeesplan to decrease full-time, permanent staff, down from 7 percentlast quarter. Among employers with 50 or less employees,4 percent expect to decrease staffs, down from 6 percent lastquarter. Seven percent of those with more than 500 employeesplan to downsize, an improvement from 9 percent last quarter.Compensation What do you expect your average change in salaries will be, at your location, in the second quarter 2011 compared to the same period in 2010?Thirty-nine percent of employers anticipate no change insalary levels in the second quarter compared to the same 1-3% increase 38%period last year. Thirty-eight percent expect there will be 4-10% increase 15%an increase of 3 percent or less. Fifteen percent expect 11% - more 2%their average changes will be between 4 and 10 percentand 2 percent predict an increase of 11 percent or more. Company undecided 4%Three percent anticipate a decrease in salaries. Decrease 3% No change 39% 0% 5% 10% 15% 20% 30% 35% 40%Totals may not equal 100 percent due to rounding. Q2 2011 Job forecast 3
  • 5. survey metHodologythis survey was conducted online within the U.s. by Harris Interactive© on behalf of careerbuilder among 2,482 survey metHodologyU.S. hiring managers (employed full-time; not self-employed; non-government) ages 18 and over between November this survey was conducted online within the U.s. by Harris Interactive©15 and December 2, 2010 (percentages for some questions are based on a subset, based on their responses to certain on behalf of careerbuilder and Usa toDaY among 2,878 U.S. hiringquestions). With a pure probability sample of 2,482 one could say with a 95 percent probability that the overall results managers and 5,671 U.S. workers (employed full-time; not self-employed;have a sampling error of +/- 1.97 percentage points. Sampling error for data from sub-samples is higher and varies. non-government) ages 18 and over between February 21 and March 10, 2011 (percentages for some questions are based on a subset, based on their responses to certain questions). With pure probability samples of 2,878 and 5,671, one could say with a 95 percent probability that the overall results have a sampling error of +/- 1.83 and +/-1.30 percentage points, respectively. Sampling error for data from sub-samples is higher and varies. aBout CareerBuilder ® careerbuilder is the global leader in human capital solutions, helping companies target and attract their most important asset - their people. Its online career site, CareerBuilder.com®, is the largest in the United States with more than 22 million unique visitors, 1 million jobs and 40 million resumes. CareerBuilder works with the world’s top employers, providing resources for everything from employment branding and data analysis to recruitment support. More than 9,000 websites, including 140 newspapers and broadband portals such as MSN and AOL, feature CareerBuilder’s proprietary job search technology on their career sites. Owned by Gannett Co., Inc. (NYSE:GCI), Tribune Company and The McClatchy Company (NYSE:MNI), CareerBuilder and its subsidiaries operate in the United States, Europe, Canada and Asia. For more inFormation, visit www.CareerBuilder.Com media ContaCt JeNNIfer GrasZ 773-527-1164 Jennifer.Grasz@careerbuilder.com http://www.twitter.com/CareerBuilderPR 4