CareerBuilder and USA TODAY’s
Q4 2010 Job ForecasT
Q3 2008 Job forecast 2Q4 2010 job forecast 1Totals may not equal 100 percent due to rounding.
CareerBuilder and USA TODAY’...
2Totals may not equal 100 percent due to rounding.
Hiring in Q4 2010
Twenty-one percent of employers plan to increase thei...
Q4 2010 job forecast 3Totals may not equal 100 percent due to rounding.
Compensation
Forty-one percent of employers antici...
Survey Methodology
This survey was conducted online within the U.S. by Harris Interactive© on behalf of CareerBuilder
amon...
About CareerBuilder®
CareerBuilder is the global leader in human capital solutions, helping
companies target and attract t...
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Usa Today Hiring Forcast For Q4

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Usa Today Hiring Forcast For Q4

  1. 1. CareerBuilder and USA TODAY’s Q4 2010 Job ForecasT
  2. 2. Q3 2008 Job forecast 2Q4 2010 job forecast 1Totals may not equal 100 percent due to rounding. CareerBuilder and USA TODAY’s Q4 2010 Job Forecast Twenty-one percent of employers expect to add full-time, permanent employees in the fourth quarter, according to the latest survey from CareerBuilder and USA TODAY. The October to December period is the fourth consecutive quarter where at least one-in-five employers planned to increase headcount. Actual hiring consistently beat projected hiring for the last six quarters in the survey. Looking at 2010, 24 percent of employers reported adding full-time, permanent headcount in each quarter from January through September. Original projections for that period averaged 21 percent. If trends persist, the actual number of hires for the fourth quarter may prove to exceed projections. “We have seen positive job creation trends throughout the year, where positions are opening across industries each month,” said Matt Ferguson, CEO of CareerBuilder. “The return to pre-recession employment levels will take some time. Although the recession officially ended a year ago, we still have an economy burdened by debt. Employers are watchful and gradually augmenting their staffs with permanent and temporary hiring.” From the worker’s perspective, the study found a number of employed workers may be competing with the nearly 15 million unemployed for new job opportunities. Twenty-nine percent of workers reported that they feel underemployed in their current jobs. Nearly one-in-five (19 percent) attributed this sentiment to taking a job during the recession that is at a lower level than their previous position. CareerBuilder surveyed more than 2,400 hiring managers and human resource professionals and more than 3,100 workers across industries and company sizes. The survey was conducted from August 17 to September 2, 2010. Hiring in Q3 2010 One-in-four employers (25 percent) reported they added full-time, permanent employees in the third quarter, up from 18 percent in the same period last year. This signifies three consecutive quarters of both sequential and year over year improvements in 2010. Twelve percent decreased headcount, down from 15 percent last year. Sixty-two percent reported no change in their number of full-time, permanent employees while one percent were undecided. In terms of hourly employment, 56 percent of employers reported no change in the number of hours offered in the third quarter compared to the same time last year. Sixteen percent said hours were cut while 10 percent stated hours had increased. 1% 25% 12% 62% This quarter (3rd quarter, Jul. 1 - Sep. 30, 2010), is your company, at your location, increasing, decreasing or making no change in its number of full-time, permanent employees? Company Undecided No Change Decrease Increase In the fourth quarter (Oct. 1 - Dec. 31, 2010) does your company, at your location, plan to increase, decrease or make no change to its number of full-time, permanent employees? 21% 10% 4% Company Undecided No Change Decrease Increase Hiring By Region: In the fourth quarter, does your company, at your location, plan to increase, decrease or make no change in its number of full-time, permanent employees? 1% 25% 12% 62% This quarter (3rd quarter, Jul. 1 - Sep. 30, 2010), is your company, at your location, increasing, decreasing or making no change in its number of full-time, permanent employees? Company Undecided No Change Decrease Increase If your company, at your location, employs hourly workers, how have their hours on average changed in the third quarter 2010 compared to the same period in 2009? 0% 10% 20% 30% 40% 50% 60% Hours Were Cut Hours Increased Hours Stayed the Same Not Sure 16% 10% 56% 4% 14% Company Doesn’t Employ Hourly Workers
  3. 3. 2Totals may not equal 100 percent due to rounding. Hiring in Q4 2010 Twenty-one percent of employers plan to increase their full-time, permanent headcount in the fourth quarter while 10 percent expect to downsize staffs. Sixty-five percent anticipate no change while 4 percent are undecided. Looking at actual hiring for the fourth quarter in 2009, 20 percent of employers reported they had hired full-time, permanent staff while 13 percent decreased headcount. TEMPORARY HIRING Hesitant to accelerate hiring to full capacity, employers are turning to interim solutions to support business needs. Thirty percent of employers reported they hired contract or temporary workers in the third quarter. Twenty-seven percent plan to do so in the fourth quarter. Nearly one- in-four (24 percent) said they are planning to transition some contract or temporary staff into permanent employees. The positions for which employers are most likely to hire contract or temporary staff in the last three months of 2010 include: • IT - 27 percent • Administrative -25 percent • Engineering – 12 percent • Finance and Accounting – 12 percent • Sales and Marketing – 10 percent • Creative and Design – 9 percent Hiring By Region Similar to trends seen in the first half of the year, the Northeast and West are tracking above the national average for employers expecting to hire in the fourth quarter. Twenty-four percent of employers in the Northeast and 22 percent in the West plan to add full-time, permanent workers compared to 21 percent in the Midwest and 20 percent in the South. In terms of staff reductions, the Northeast and Midwest tied for having the highest number of employers (10 percent) anticipating a decrease in headcount in the fourth quarter. The South and West came in slightly below at 9 percent. Hiring By Company Size Although small businesses continue to struggle with accessing credit needed to run and expand their operations, companies of all sizes plan to add staff by the end of the year. Twenty-six percent of employers with more than 250 employees plan to increase headcount in the fourth quarter followed by 24 percent of employers with 51 to 250 employees and 13 percent of employers with 50 or less employees. Seven percent of employers with 1 to 50 employees plan to reduce their workforce in the fourth quarter compared to 8 percent of businesses with 51 to 250 employees and 12 percent with more than 250 employees. 0% 20% 40% 60% 80% 1 to 50 employees 51 to 250 employees More than 250 employees Hiring By Company Size: In the fourth quarter, does your company, at your location, plan to increase, decrease or make no change in its number of full-time, permanent employees? Increase Decrease No Change Company Undecided 13% 7% 73% 6% 24% 8% 64% 3% 26% 12% 60% 3% Hiring By Region: In the fourth quarter, does your company, at your location, plan to increase, decrease or make no change in its number of full-time, permanent employees? 0% 10% 20% 30% 40% 50% 60% 70% Increase Decrease No Change Company Undecided 24% 10% 62% 4% 21% 10% 65% 5% 20% 9% 67% 4% 22% 9% 65% 4% Northeast Midwest South West What do you expect your average change in salaries will be, at your location, in the fourth quarter 2010 1% 25% 12% 62% This quarter (3rd quarter, Jul. 1 - Sep. 30, 2010), is your company, at your location, increasing, decreasing or making no change in its number of full-time, permanent employees? Company Undecided No Change Decrease Increase In the fourth quarter (Oct. 1 - Dec. 31, 2010) does your company, at your location, plan to increase, decrease or make no change to its number of full-time, permanent employees? 21% 10% 4% 65% Company Undecided No Change Decrease Increase 27% Does your company plan to hire contract or temporary workers, at your location, in the fourth quarter? No Yes If your company, at your location, employs hourly workers, how have their hours on average changed in the third quarter 2010 compared to the same period in 2009? 0% 10% 20% 30% 40% 50% 60% Hours Were Cut Hours Increased Hours Stayed the Same Not Sure 16% 10% 56% 4% 14% Company Doesn’t Employ Hourly Workers 0% 20% 40% 60% 80% 1 to 50 employees 51 to 250 employees More than 250 employees Hiring By Company Size: In the fourth quarter, does your company, at your location, plan to increase, decrease or make no change in its number of full-time, permanent employees? Increase Decrease No Change Company Undecided 13% 7% 73% 6% 24% 8% 64% 3% 26% 12% 60% 3% Hiring By Region: In the fourth quarter, does your company, at your location, plan to increase, decrease or make no change in its number of full-time, permanent employees? 0% 10% 20% 30% 40% 50% 60% 70% Increase Decrease No Change Company Undecided 24% 10% 62% 4% 21% 10% 65% 5% 20% 9% 67% 4% 22% 9% 65% 4% Northeast Midwest South West What do you expect your average change in salaries will be, at your location, in the fourth quarter 2010 1% 25% 12% 62% This quarter (3rd quarter, Jul. 1 - Sep. 30, 2010), is your company, at your location, increasing, decreasing or making no change in its number of full-time, permanent employees? Company Undecided No Change Decrease Increase In the fourth quarter (Oct. 1 - Dec. 31, 2010) does your company, at your location, plan to increase, decrease or make no change to its number of full-time, permanent employees? 21% 10% 4% 65% Company Undecided No Change Decrease Increase 27% Does your company plan to hire contract or temporary workers, at your location, in the fourth quarter? No Yes If your company, at your location, employs hourly workers, how have their hours on average changed in the third quarter 2010 compared to the same period in 2009? 0% 10% 20% 30% 40% 50% 60% Hours Were Cut Hours Increased Hours Stayed the Same Not Sure 16% 10% 56% 4% 14% Company Doesn’t Employ Hourly Workers In the fourth quarter (Oct. 1 - Dec. 31, 2010) does your company, at your location, plan to increase, decrease or make no change to its number of full-time, permanent employees? 21% 10% 4% 65% Company Undecided No Change Decrease Increase 27% 73% Does your company plan to hire contract or temporary workers, at your location, in the fourth quarter? No Yes 71% 29% No Yes Do you feel underemployed? company, at your location, plan to increase, decrease or make no change to its number of full-time, permanent employees? 21% 10% 4% 65% Company Undecided No Change Decrease Increase 27% 73% Does your company plan to hire contract or temporary workers, at your location, in the fourth quarter? No Yes 71% 29% No Yes Do you feel underemployed?
  4. 4. Q4 2010 job forecast 3Totals may not equal 100 percent due to rounding. Compensation Forty-one percent of employers anticipate no change in salary levels in the fourth quarter compared to the same period last year. Thirty-five percent expect there will be an average increase of 3 percent or less. Fourteen percent expect their average changes will be between 4 and 10 percent and 1 percent predict an increase of 11 percent or more. Five percent anticipate a decrease in salaries. The Worker’s Perspective Looking back over 2010, half of full-time, employed workers said they are happier with their employment situation today than they were one year ago. The other half are not. Contributing to the lack in job satisfaction that some workers are feeling is the inability to contribute at desired levels. Nearly three-in-ten workers reported feeling underemployed. Of these workers, 71 percent stated their skills and experience aren’t being utilized to their full potential. Forty- five percent don’t feel challenged while 30 percent stated they don’t feel a sense of autonomy in their positions. Twenty-seven percent of all workers reported they don’t feel loyal to their current employer. Und 4 - 10% increase Company Undecided Decrease No change 1% What do you expect your average change in salaries will be, at your location, in the fourth quarter 2010 compared to the same period in 2009? 1-3% increase 11% - more 35% 4% 5% 41% 14% Why do you feel underemployed? Took lower position than previous job during the recession 0% 10% 20% 30% 40% 50% 60% 80%70% 71% 30% 19% 45% 15% Skills not being used to full potential Don’t feel a sense of autonomy Other Don’t feel challenged 27% 73% Does your company plan to hire contract or temporary workers, at your location, in the fourth quarter? No Yes 71% 29% No Yes Do you feel underemployed? 0% 20% 40% 60% 80% 1 to 50 employees 51 to 250 employees More than 250 employees Hiring By Company Size: In the fourth quarter, does your company, at your location, plan to increase, decrease or make no change in its number of full-time, permanent employees? Increase Decrease No Change Company Undecided 13% 7% 73% 6% 24% 8% 64% 3% 26% 12% 60% 3% Undecided Northeast Midwest South West 4 - 10% increase Company Undecided Decrease No change 1% What do you expect your average change in salaries will be, at your location, in the fourth quarter 2010 compared to the same period in 2009? 1-3% increase 11% - more 35% 4% 5% 41% 14% Why do you feel underemployed? Took lower position than previous job during the recession 0% 10% 20% 30% 40% 50% 60% 80%70% 71% 30% 19% 45% 15% Skills not being used to full potential Don’t feel a sense of autonomy Other Don’t feel challenged 10% 65% Company Undecided No Change 27% 73% Does your company plan to hire contract or temporary workers, at your location, in the fourth quarter? No Yes 71% 29% No Yes Do you feel underemployed? 27% 73% Does your company plan to hire contract or temporary workers, at your location, in the fourth quarter? No Yes 71% 29% No Yes Do you feel underemployed?
  5. 5. Survey Methodology This survey was conducted online within the U.S. by Harris Interactive© on behalf of CareerBuilder among 2,457 U.S. hiring managers and 3,125 U.S. workers (employed full-time; not self-employed; non-government) ages 18 and over between August 17 and September 2, 2010 (percentages for some questions are based on a subset, based on their responses to certain questions). With pure probability samples of 2,457 and 3,125 one could say with a 95 percent probability that the overall results have a sampling error of +/- 1.98 and +/-1.75 percentage points, respectively. Sampling error for data from sub-samples is higher and varies. 4Totals may not equal 100 percent due to rounding.
  6. 6. 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 23 million unique visitors, 1 million jobs and 32 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, The McClatchy Company (NYSE:MNI) and Microsoft Corp. (Nasdaq: MSFT), 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 5

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