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SHRM Recession Poll 2011
SHRM Recession Poll 2011
SHRM Recession Poll 2011
SHRM Recession Poll 2011
SHRM Recession Poll 2011
SHRM Recession Poll 2011
SHRM Recession Poll 2011
SHRM Recession Poll 2011
SHRM Recession Poll 2011
SHRM Recession Poll 2011
SHRM Recession Poll 2011
SHRM Recession Poll 2011
SHRM Recession Poll 2011
SHRM Recession Poll 2011
SHRM Recession Poll 2011
SHRM Recession Poll 2011
SHRM Recession Poll 2011
SHRM Recession Poll 2011
SHRM Recession Poll 2011
SHRM Recession Poll 2011
SHRM Recession Poll 2011
SHRM Recession Poll 2011
SHRM Recession Poll 2011
SHRM Recession Poll 2011
SHRM Recession Poll 2011
SHRM Recession Poll 2011
SHRM Recession Poll 2011
SHRM Recession Poll 2011
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SHRM Recession Poll 2011

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The Ongoing Impact of the Recession - Overall Financial Health and Hiring

The Ongoing Impact of the Recession - Overall Financial Health and Hiring

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  • 1. SHRM Poll: The Ongoing Impact of theRecession—Overall Financial Healthand Hiring November 22, 2011
  • 2. Introduction This is part one of a series of SHRM poll results about the ongoing impact of the recession. Overall results will be reported separately in three different topic areas:  Recruiting and skill gaps.  Overall financial health and hiring.  Global competition and hiring strategies. Industry-specific results will be reported separately for each of the eight industries that were included in the sample:  Construction, oil, mining and gas.  Federal government.  Finance.  Health.  Manufacturing.  State and local government.  Services—professional.  High-tech. SHRM Poll: The Ongoing Impact of the Recession—Overall Financial Health and Hiring ©SHRM 2011 2
  • 3. Key Findings What percentage of staff have organizations laid off since the U.S. and global recession began in December 2007? Overall, 77% of organizations indicated they had lost 10% of employees or less in 2011, whereas in 2010 65% of organizations reported losing less than 10% of employees. How does organizations’ financial health compare to where it was 12 months ago? Results in 2011 were very similar to 2010 results. Two-thirds of organizations reported either no change (24% in 2011, 25% in 2010) or experiencing a mild to significant recovery (42% in 2011 and 2010), while one-third were in a mild (26% in 2011, 24% in 2010) or significant decline (8% in 2011, 9% in 2011). SHRM Poll: The Ongoing Impact of the Recession—Overall Financial Health and Hiring ©SHRM 2011 3
  • 4. Key Findings Are organizations currently hiring? Nearly three out of four organizations (73%) were currently hiring full-time permanent staff. Larger organizations (500 to 24,999 employees) were more likely to be hiring compared with smaller organizations (1 to 499 employees). For what type of positions are organizations hiring? Most hiring is at nonmanagement levels (72% for hourly and 71% for salaried positions), and more than one-half (54%) of organizations are hiring for management positions such as directors and managers. About one out of five organizations (22%) is hiring at the executive/upper management level. SHRM Poll: The Ongoing Impact of the Recession—Overall Financial Health and Hiring ©SHRM 2011 4
  • 5. Key Findings Are organizations creating new positions or replacing jobs lost? In 2011, more organizations (58%) are mainly hiring direct replacements of jobs lost than they were in 2010 (41%), while fewer organizations (30%) are hiring for completely new positions in 2011 than they were in 2010 (47%). The proportion of organizations that are adding new duties to the jobs lost has remained unchanged at 12%. The smallest organizations (1 to 99 employees) are more likely to be hiring for completely new positions than are larger organizations (100 or more employees). Do completely new positions require new and different skill sets compared with the skills required for the jobs lost since the recession began? More than one-half (57%) of organizations require a mixture of new skills and the same type of skills for new positions, whereas 15% require completely new and different skill sets and 28% require approximately the same types of skills as those required before the recession. When these positions required at least some new skills, 63% of organizations reported difficulty recruiting, especially among small organizations (1 to 99 employees). SHRM Poll: The Ongoing Impact of the Recession—Overall Financial Health and Hiring ©SHRM 2011 5
  • 6. Thus far, what percentage of full-time permanent jobs have been lost atyour organization since the U.S. and global recession began inDecember 2007? 31% 2011 (n=2,273) Not applicable—did not lay off any staff 2010 (n=2,342) 28% 1% to 5% of staff 18% 6% to 10% of staff 10% or less (2011 data) 77% *Less than 10% (2010 data) 65% 11% to 20% of staff (2011 data) 12% * 10% to 20% (2010 data) 22% 9% 21% to 50% of staff 11% 3% More than 50% of staff 2%Note: Percentages may not total 100% due to rounding. *2010 data had different categories than 2011 data: “Less than 10% of staff” and “10% to 20% ofstaff”. SHRM Poll: The Ongoing Impact of the Recession—Overall Financial Health and Hiring ©SHRM 2011 6
  • 7. Thus far, what percentage of full-time permanent jobs have been lost atyour organization since the U.S. and global recession began inDecember 2007?Comparisons by industryThe federal government and the finance industry are more likely to have had no layoffs than the construction, mining, oil andgas, manufacturing, state and local government, professional services, and high-tech industries. Construction, mining, oil and gas (20%) …are more likely to Manufacturing (21%) Federal government (46%) have had NO layoffs State and local government (31%) Finance (45%) than... Services—professional (30%) High-tech (29%)The construction, mining, oil and gas industry is more likely to have lost more than 50% of staff than the federalgovernment, finance, manufacturing, and professional services industries. Federal government (1%) …is more likely to Finance (0%) Construction, mining, oil and gas (10%) have lost more than 50% of staff Manufacturing (2%) than... Services—professional (2%) SHRM Poll: The Ongoing Impact of the Recession—Overall Financial Health and Hiring ©SHRM 2011 7
  • 8. Thus far, what percentage of full-time permanent jobs have been lost at your organization since the U.S. and global recession began in December 2007?Comparisons by organization staff sizeSmaller organizations (1 to 499 employees) are more likely than larger organizations (500 to 24,999 employees) to have had NOlayoffs. Smaller organizations Larger organizations Differences based on organization staff size 1 to 99 employees (37%) 500 to 2,499 employees (24%) Smaller organizations > larger organizations 100 to 499 employees (34%) 2,500 to 24,999 employees (25%)Smaller organizations (1 to 99 employees) are more likely than larger organizations (100 to 24,999 employees) to have laid off morethan 50% of staff. Smaller organizations Larger organizations Differences based on organization staff size 100 to 499 employees (2%) 1 to 99 employees (6%) 500 to 2,499 employees (1%) Smaller organizations > larger organizations 2,500 to 24,999 employees (1%) SHRM Poll: The Ongoing Impact of the Recession—Overall Financial Health and Hiring ©SHRM 2011 8
  • 9. In relation to the U.S. and global recession, would you say yourorganizations overall financial health is declining or recoveringcompared with 12 months ago? 9% 2011 (n=2,277) In a significant recovery 7% 2010 (n=2,333) 33% In a mild recovery 35% 24% No change compared with 12 months ago 25% 26% In a mild decline 24% 8% In a significant decline 9% SHRM Poll: The Ongoing Impact of the Recession—Overall Financial Health and Hiring ©SHRM 2011 9
  • 10. In relation to the U.S. and global recession, would you say yourorganizations overall financial health is declining or recoveringcompared with 12 months ago?Comparisons by industryThe construction, mining, oil and gas, finance, manufacturing, services—professional, and high-tech industries are more likely to bein a significant recovery than the federal government and state and local governments. Construction, mining, oil and gas (9%) Finance (11%) …are more likely to Federal government (2%) Manufacturing (19%) be in a significant recovery State and local government (1%) Services—professional (11%) than... High-tech (14%)The finance industry is more likely to be in a mild recovery than the federal government, health, state and local government, andhigh-tech industries. Federal government (12%) …is more likely to Health (23%) Finance (46%) be in a mild recovery State and local government (25%) than... High-tech (29%) SHRM Poll: The Ongoing Impact of the Recession—Overall Financial Health and Hiring ©SHRM 2011 10
  • 11. Is your organization currently hiring full-time permanent staff? No, 27% Yes, 73%Note: n = 2,286. SHRM Poll: The Ongoing Impact of the Recession—Overall Financial Health and Hiring ©SHRM 2011 11
  • 12. Is your organization currently hiring full-time permanent staff?Comparisons by industryThe health industry is more likely to be currently hiring full-time staff than the construction, mining, oil and gas, federalgovernment, and professional services industries. …is more likely to Construction, mining, oil and gas (66%) Health (88%) be currently hiring full-time staff Federal government (66%) than... Services—professional (71%)The high-tech industry is more likely to be currently hiring full-time staff than the construction, mining, oil and gas, and federalgovernment industries. …is more likely to Construction, mining, oil and gas (66%) High-tech (80%) be currently hiring full-time staff Federal government (66%) than...Comparisons by organization staff sizeLarger organizations (500 to 24,999 employees) are more likely than smaller organizations (1 to 499 employees) to be currentlyhiring full-time staff. Smaller organizations Larger organizations Differences based on organization staff size 1 to 99 employees (46%) 500 to 2,499 employees (85%) Larger organizations > smaller organizations 100 to 499 employees (74%) 2,500 to 24,999 employees (89%) SHRM Poll: The Ongoing Impact of the Recession—Overall Financial Health and Hiring ©SHRM 2011 12
  • 13. At what level(s) is your organization hiring? Nonmanagement hourly employees 72% Nonmanagement salaried employees 71% Other management (e.g., directors, managers) 54% Executive/upper management (e.g., CEO, CFO) 22%Note: n = 1,660. Percentages do not total 100% because respondents were able to select multiple response options. Only respondents whose organizationswere currently hiring full-time staff were asked this question. SHRM Poll: The Ongoing Impact of the Recession—Overall Financial Health and Hiring ©SHRM 2011 13
  • 14. At what level(s) is your organization hiring?Comparisons by industryThe health industry is more likely to be hiring executive/upper management employees than the construction, mining, oil andgas, finance, manufacturing, professional services, and high-tech industries. Construction, mining, oil and gas (15%) …is more likely to Finance (20%) be hiring executive/upper Health (40%) Manufacturing (20%) management staff Services—professional (19%) than... High-tech (16%)The high tech industry is more likely to be hiring nonmanagement salaried employees than the construction, mining, oil andgas, federal government, finance, health, manufacturing, state and local government, and professional services industries. Construction, mining, oil and gas (70%) Federal government (73%) …is more likely to Finance (68%) be hiring nonmanagement salaried High-tech (91%) Health (60%) employees Manufacturing (64%) than... State and local government (66%) Services—professional (79%) SHRM Poll: The Ongoing Impact of the Recession—Overall Financial Health and Hiring ©SHRM 2011 14
  • 15. At what level(s) is your organization hiring? (continued)Comparisons by industryThe finance, health, manufacturing, and state and local government industries are more likely to be hiring nonmanagement hourlyemployees than the federal government, professional services and high-tech industries. Finance (77%) …are more likely to Federal government (58%) Health (90%) be hiring non-management hourly Services—professional (59%) Manufacturing (85%) employees High-tech (51%) State and local government (79%) than...Comparisons by organization staff sizeLarger organizations (500 to 24,999 employees) are more likely than smaller organizations (1 to 499 employees) to be hiringexecutive/upper management staff. Smaller organizations Larger organizations Differences based on organization staff size 1 to 99 employees (7%) 500 to 2,499 employees (23%) Larger organizations > smaller organizations 100 to 499 employees (15%) 2,500 to 24,999 employees (39%) SHRM Poll: The Ongoing Impact of the Recession—Overall Financial Health and Hiring ©SHRM 2011 15
  • 16. At what level(s) is your organization hiring? (continued)Comparisons by organization staff sizeLarger organizations (500 to 25,000 or more employees) are more likely than smaller organizations (1 to 499 employees) to be hiringother management-level employees (e.g., directors, managers). Smaller organizations Larger organizations Differences based on organization staff size 500 to 2,499 employees (61%) 1 to 99 employees (28%) 2,500 to 24,999 employees (70%) Larger organizations > smaller organizations 100 to 499 employees (46%) 25,000 or more employees (71%)Larger organizations (2,500 to 24,999 employees) are more likely than smaller organizations (1 to 2,499 employees) to be hiringnonmanagement salaried employees. Smaller organizations Larger organizations Differences based on organization staff size 1 to 99 employees (58%) 100 to 499 employees (66%) 2,500 to 24,999 employees (85%) Larger organizations > smaller organizations 500 to 2,499 employees (74%) SHRM Poll: The Ongoing Impact of the Recession—Overall Financial Health and Hiring ©SHRM 2011 16
  • 17. Which of the following best describes, in general, the nature of full-time positions your organization is currently hiring? 30% Completely new positions 47% 12% New duties added to jobs lost (e.g., due to 2011 (n=1,640) layoffs, attrition) since the recession began 2010 (n=1,378) 12% 58% Direct replacements of jobs lost (e.g., due to layoffs, attrition) since the recession began 41%Note: Only respondents whose organizations were currently hiring full-time staff were asked this question. SHRM Poll: The Ongoing Impact of the Recession—Overall Financial Health and Hiring ©SHRM 2011 17
  • 18. Which of the following best describes, in general, the nature of full-timepositions your organization is currently hiring?Comparisons by industryThe state and local governments are more likely to be hiring direct replacements of jobs lost since the recession began than theconstruction, mining, oil and gas, federal government, finance, manufacturing, professional services, and high-tech industries. Construction, mining, oil and gas (49%) …are more likely to Federal government (63%) be hiring direct replacements of jobs Finance (60%) State and local governments (80%) lost since the recession began Manufacturing (54%) than... Services—professional (48%) High-tech (39%)The high-tech industry is more likely to be hiring for completely new positions than the federal government, finance, health, andstate and local government industries. …is more likely to Federal government (27%) be hiring for completely new Finance (29%) High-tech (46%) positions Health (21%) than... State and local government (13%) SHRM Poll: The Ongoing Impact of the Recession—Overall Financial Health and Hiring ©SHRM 2011 18
  • 19. Which of the following best describes, in general, the nature of full-timepositions your organization is currently hiring?Comparisons by organization staff sizeLarger organizations (500 to 24,999 employees) are more likely than smaller organizations (1 to 99 employees) to be hiring directreplacements of positions lost since the recession began. Smaller organizations Larger organizations Differences based on organization staff size 500 to 2,499 employees (60%) 1 to 99 employees (48%) Larger organizations > smaller organizations 2,500 to 24,999 employees (63%)Smaller organizations (1 to 99 employees) are more likely than larger organizations (100 to 25,000 or more employees) to be hiringfor completely new positions. Smaller organizations Larger organizations Differences based on organization staff size 100 to 499 employees (32%) 500 to 2,499 employees (25%) 1 to 99 employees (43%) Smaller organizations > larger organizations 2,500 to 24,999 employees (24%) 25,000 or more employees (22%) SHRM Poll: The Ongoing Impact of the Recession—Overall Financial Health and Hiring ©SHRM 2011 19
  • 20. Compared with the skills required for jobs lost since the recession began, do these completely new positions require any of the following skills? Completely new and different skills 15% A mixture of new skills and the same 57% types of skills Approximately the same types of 28% skillsNote: n = 467. Only respondents whose organizations were hiring full-time staff for “completely new positions” were asked this question. SHRM Poll: The Ongoing Impact of the Recession—Overall Financial Health and Hiring ©SHRM 2011 20
  • 21. Compared with the skills required for jobs lost since the recession began,do these completely new positions require any of the following skills?Comparisons by organization staff sizeApproximately the same types of skills for completely new positionsSmaller organizations (1 to 99 employees) are more likely than larger organizations (100 to 24,999 employees) to requireapproximately the same types of skills for completely new positions. Smaller organizations Larger organizations Differences based on organization staff size 100 to 499 employees (27%) 1 to 99 employees (45%) 500 to 2,499 employees (17%) Smaller organizations > larger organizations 2,500 to 24,999 employees (22%)A mixture of new skills and the same types of skills for completely new positionsLarger organizations (100 to 24,999 employees) are more likely than smaller organizations (1 to 99 employees) to require a mixtureof new skills and the same types of skills for completely new positions. Smaller organizations Larger organizations Differences based on organization staff size 100 to 499 employees (60%) 1 to 99 employees (40%) 500 to 2,499 employees (68%) Larger organizations > smaller organizations 2,500 to 24,999 employees (62%) SHRM Poll: The Ongoing Impact of the Recession—Overall Financial Health and Hiring ©SHRM 2011 21
  • 22. If the new jobs being created by your organization require new and different skill sets, how easy or difficult do you think it will be or has it been thus far to find qualified individuals for those positions? 5% Very easy 2011 (n=528) 16% 2010 (n=749) 32% Somewhat easy 45% 56% Somewhat difficult 36% 7% Very difficult 3%Note: Only respondents whose organizations were hiring full-time staff for positions with “new duties added to jobs lost” or “completely new positions” thatrequired either “a mixture of new skills and the same types of skills” or “completely new and different skills” were asked this question. SHRM Poll: The Ongoing Impact of the Recession—Overall Financial Health and Hiring ©SHRM 2011 22
  • 23. If the new jobs being created by your organization require new anddifferent skill sets, how easy or difficult do you think it will be or has itbeen thus far to find qualified individuals for those positions?Comparisons by organization staff sizeSmaller organizations (1 to 99 employees) are more likely than larger organizations (500 to 24,999 employees) to report that it willbe or has been very difficult to find qualified individuals for jobs requiring new and different skill sets. Smaller organizations Larger organizations Differences based on organization staff size 500 to 2,499 employees (3%) 1 to 99 employees (18%) Smaller organizations > larger organizations 2,500 to 24,999 employees (3%) SHRM Poll: The Ongoing Impact of the Recession—Overall Financial Health and Hiring ©SHRM 2011 23
  • 24. Demographics: Organization Industry State and local government 20% Manufacturing 16% Finance 15% Services--professional 14% Construction, mining, oil and gas 14% High-tech 10% Federal government 8% Health 4%Note: n = 2,286. Percentages do not total 100% due to rounding. SHRM Poll: The Ongoing Impact of the Recession—Overall Financial Health and Hiring ©SHRM 2011 24
  • 25. Demographics: Organization Sector Publicly owned for-profit organization 19% Privately owned for-profit organization 47% Nonprofit organization 8% Government sector 24% Other 2% Note: n = 2,187. SHRM Poll: The Ongoing Impact of the Recession—Overall Financial Health and Hiring ©SHRM 2011 25
  • 26. Demographics: Organization Staff Size 31% 25% 23% 17% 4% 1 to 99 employees 100 to 499 employees 00 to 2,499 employees to 24,999 employees or more employees 5 2,500 25,000 Note: n = 2,161. SHRM Poll: The Ongoing Impact of the Recession—Overall Financial Health and Hiring ©SHRM 2011 26
  • 27. Demographics: OtherDoes your organization have U.S.- Is your organization a single-unit company or abased operations (business units) only multi-unit company?or does it operate multi-nationally? Single-unit company: A company in which the location and the company are one 38% U.S.-based operations only 74% and the same. Multi-unit company: A company that has Multinational operations 26% 62% more than one location.n = 2,196. n = 2,226. Are HR policies and practices determined by the multi-unit corporate headquarters, by each work HR department/function for which location or both? you responded throughout this survey Multi-unit headquarters determines HR policies 52% and practices Corporate (company wide) 69% Each work location determines HR policies and Business unit/division 19% 3% practices Facility/location 12% A combination of both the work location and the multi-unit headquarters determine HR policies 44% n = 1,444. and practices n = 1,442. Note: Percentages may not total 100% due to rounding. SHRM Poll: The Ongoing Impact of the Recession—Overall Financial Health and Hiring ©SHRM 2011 27
  • 28. SHRM Poll: The Ongoing Impact of the Recession Methodology  Response rate = 11%  Sample composed of 2,286 randomly selected HR professionals from eight different industries in SHRM’s membership  Margin of error +/- 2%  Survey fielded August 18-September 2, 2011 For more poll findings, visit www.shrm.org/surveys Follow us on Twitter: http://twitter.com/SHRM_Research SHRM Poll: The Ongoing Impact of the Recession—Overall Financial Health and Hiring ©SHRM 2011 28

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