People Report Workforce Index: Q2 09

PEOPLE REPORT Q2 09

People Report Workforce Index: Q2 09 The overall reading rose slightly in Q2, but still remained below 50, meaning the labor market remains soft. However, the Employment Expectations component rose to 55.4 for Q2, indicating expected job growth.

People Report Workforce Index: Q2 09 Headlines
Employment levels continue to decline, but rate of job loss slows
“… after posting job losses of 27,000 in November, and 25,000 in December, the food service industry experienced much lower job losses in the first three months of 2009, including just 9,000 in March…”
Recruiting difficulty eases & Decreasing number of vacancies
“… 15% of companies surveyed did not actively recruit management employees in the first three months of 2009…”
Most companies expected to add staff in coming months
“… after declining steadily since Q2 08, the Employment Expectations component rose to 55.4 for Q2 09, indicating expected job growth in the industry. With the exception of Fine Dining/High Volume, all industry segments experienced an increase in Employment Expectations…”

People Report Workforce Index: Q2 09 Employment Levels vs. Employment Expectations

People Report Workforce Index: Q2 09
While 46% of companies cut management jobs in the Q4 08, 38% made cuts in Q1. 22% of companies reported an increase in employment at the management level in Q1.
Just 23% of companies reported adding hourly employees in Q1. 45% held staffing levels steady.
50% of companies posted a decrease in management turnover. 21% reported increases.
62% of companies saw decreasing hourly turnover rates. 29% posted increases.
Over 60% of companies expect to maintain their hourly and management workforce. 26% plan to add hourly workers, 20% plan to add management.
Employment Levels Employment Expectations Turnover

Employment Levels Turnover Employment Forecast
Mgmt : 31% cut jobs, down from 48% in Q4,
13% added employees
Hourly : Just 19% added employees in Q1
Mgmt : 74% of companies experienced declines in management turnover
Hourly : 47% of companies saw declines
Mgmt : 81% of companies plan to maintain their current number of employees, 13% plan to add staff.
Hourly : Just 13% plan decreases, down from 40% in Q1. 25% plan to add employees.
Quick Service

Fast Casual/Family Dining Employment Levels Turnover Employment Forecast
Mgmt : 62% of companies experienced declines, 24% posted increases
Hourly : 67% of companies posted declines
Mgmt : 71% of companies plan to maintain their current number of employees. 29% expect to add staff
Hourly : 71% of companies plan to hold employment levels steady. 0% plan reductions
Mgmt : 29% cut jobs, 29% added employees
Hourly : 29% added employees in Q1,
36% made cuts

Casual Dining Employment Levels Turnover Employment Forecast
Mgmt : 38% of companies experienced declines with 42% holding steady
Hourly : 69% of companies posted declines, 19% experienced increases
Mgmt : 52% of companies plan to maintain their current number of employees, 24% expect to add staff
Hourly : Just 10% of companies plan staff reductions, down from over 50% in Q4. 28% plan increases
Hourly : 62% held hourly levels steady, 24% made cuts

Fine Dining/High Volume Employment Levels Turnover Employment Forecast
Mgmt : 39% of companies experienced declines with just 21% posting increases
Hourly : 61% of companies saw declines, 29% posted increases
Mgmt : 67% of companies plan to maintain their current number of employees, 24% expect decreases
Hourly : 55% of companies plan to hold staffing levels steady, 27% expect decreases
Hourly : 32% reduced hourly levels, 32% adding staff

For more information, to request a free copy, or to participate in the People Report Workforce Index, send an email to [email_address]

For more information, visit us at blog.peoplereport.com Group: People Report Consortium @peoplereport www.peoplereport.com

http://blog.peoplereport.com	10
http://test.peoplereport.com	2
http://www.slideshare.net	2
http://www.peoplereport.com	2
http://peoplereport.squarespace.com	1

People Report Workforce Index: Q2 09

by People Report on Apr 24, 2009

Accessibility

Categories

Upload Details

Usage Rights

5 Embeds 17

Statistics

People Report Workforce Index: Q2 09 Presentation Transcript