CareerBuilder Job Seeker Community

Featured > Salary negotiation > Surveys > Who's hiring > Work/Life

Hiring and Pay Levels Projected to Remain Tepid

hiringSince December 2007, approximately 6.9 million jobs have been lost in the United States. After months of stomach-turning fiscal activity, economists are being cautiously optimistic and employers, faced with a slowing decline in job losses, are tip-toeing carefully through the rest of the year.

The latest Job Forecast from CareerBuilder and USA TODAY shows that, while employers are feeling more confident about the job market, the majority plan to keep their staff levels the same for the fourth quarter (October – December). The survey of more than 2,900 hiring managers and human resource professionals nationwide found that continued moderation in job loss, restrained hiring and cautious compensation changes are expected for the remainder of 2009.

Here are some of the key findings and what they could mean for you:

  • If you were laid off over the past year, make sure to keep bridges intact with your previous supervisor or HR department. Of employers who had layoffs in the last 12 months, one-in-four (26%) reported their company is planning to bring back some employees they let go earlier in the year.
  • Employers are hiring, but it will still be restrained. At 68%, the majority of hiring managers don’t plan to make any staffing changes and 17 percent of expect to add headcount in the next quarter. And, while 10% anticipate a decrease in headcount, that’s down from 15% who answered the same question in Q3.
  • Around the country, hiring in the South appears strongest for the rest of the year: 19% of hiring managers in the South expect to increase their full-time, permanent staff in the fourth quarter followed by 17% in the Northeast, 15% in the Midwest and 14% in the West.
  • Pay levels are slowly being restored. Nearly one-in-five employers (18%) reported their organizations implemented pay cuts in the last 12 months.  Five percent of these employers said they restored pay to previous levels in the third quarter while 12% plan to do so in the fourth quarter.  Another 24% say they expect restore pay levels sometime in 2010.
  • Employers will continue to be conservative with pay raises.  Half of employers (51%) anticipate no change in salaries for full-time, permanent employees in the next three months.  One-in-four (26%) expect to raise salaries between 1 and 3 percent, one-in-ten (12%) expect to raise salaries 4 to 10%, while 2 percent expect an increase of 11% or more.

Want to know more? Click here to read the full press release or click here to download the pdf of the report.

Post comment as
twitter logo facebook logo
Sort: Newest | Oldest

Trackbacks

  1. U.S. loses 263,000 jobs in September : The Work Buzz says:
    October 2, 2009 at 1:00 pm

    [...] is still healing, we’re likely to see some fluctuation month to month, but CareerBuilder’s recent survey indicates that less employers plan to decrease staff levels in Q4 compared to Q3.  If you look at [...]

  2. U.S. loses 263,000 jobs in September « Canadian Engineering Jobs says:
    October 3, 2009 at 3:49 am

    [...] is still healing, we’re likely to see some fluctuation month to month, but CareerBuilder’s recent survey indicates that less employers plan to decrease staff levels in Q4 compared to Q3.  If you look at [...]

  3. U.S. loses 263,000 jobs in September « Job Search Engineering says:
    October 3, 2009 at 12:34 pm

    [...] is still healing, we’re likely to see some fluctuation month to month, but CareerBuilder’s recent survey indicates that less employers plan to decrease staff levels in Q4 compared to Q3.  If you look at [...]

  4. U.S. loses 263,000 jobs in September « Sales and Marketing Jobs says:
    October 3, 2009 at 5:11 pm

    [...] is still healing, we’re likely to see some fluctuation month to month, but CareerBuilder’s recent survey indicates that less employers plan to decrease staff levels in Q4 compared to Q3.  If you look at [...]

  5. U.S. loses 263,000 jobs in September « Customer Service Jobs says:
    October 3, 2009 at 6:43 pm

    [...] is still healing, we’re likely to see some fluctuation month to month, but CareerBuilder’s recent survey indicates that less employers plan to decrease staff levels in Q4 compared to Q3.  If you look at [...]

  6. Freshers Yaar! » Blog Archive » Good news: Employers are ready to hire in the coming months says:
    April 1, 2010 at 2:42 pm

    [...] Hiring and Pay Levels Projected to Remain Tepid Since December 2007, approximately 6.9 million jobs have been lost… [...]

  7. Only Bangalore Jobs » Blog Archive » Good news: Employers are ready to hire in the coming months says:
    April 1, 2010 at 4:53 pm

    [...] Hiring and Pay Levels Projected to Remain Tepid Since December 2007, approximately 6.9 million jobs have been lost… [...]

  8. Good news: Employers are ready to hire in the coming months » Techie Masala says:
    April 2, 2010 at 3:02 am

    [...] Hiring and Pay Levels Projected to Remain Tepid Since December 2007, approximately 6.9 million jobs have been lost… [...]

  9. Freshers Yaar! » Blog Archive » Employers share their plans for rest of 2010 says:
    July 2, 2010 at 12:04 am

    [...] Hiring and Pay Levels Projected to Remain Tepid Since December 2007, approximately 6.9 million jobs have been lost… [...]

  10. Employers share their plans for rest of 2010 | Only Delhi Jobs - Delhi's Job Search HQ | Delhi Jobs says:
    July 2, 2010 at 10:31 pm

    [...] Hiring and Pay Levels Projected to Remain Tepid Since December 2007, approximately 6.9 million jobs have been lost… [...]

Stay Connected





Subscribe

QR Code Business Card