Job Outlook for Q4 2012 Mirroring Pre-Recession, CareerBuilder Study Finds

  Job Outlook for Q4 2012 Mirroring Pre-Recession, CareerBuilder Study Finds

PR Newswire

CHICAGO, Oct. 4, 2012

CHICAGO, Oct. 4, 2012 /PRNewswire/ -- CareerBuilder's latest survey of more
than 2,000 employers nationwide is pointing to a more upbeat fourth quarter.
Twenty-six percent of employers plan to add full-time, permanent headcount in
the next three months, up five percentage points from 2011 and closely
mirroring pre-recession estimates (27 percent). The study was conducted by
Harris Interactive© from August 13 to September 6, 2012 and included 2,494
hiring managers and human resource professionals and 3,976 workers across
industries and company sizes.

Full Report: http://bit.ly/RdwW23

"This is the most optimistic fourth quarter projection since 2007," said Matt
Ferguson, CEO of CareerBuilder. "We're seeing continued evidence of stability
and growth in the U.S. job market. A dramatic upswing in hiring is not likely
to happen in the near term, but we're setting the stage for better job
creation in 2013 and beyond."

One-in-five employers (22 percent) said the outcome of the U.S. Presidential
election will likely impact their pace of hiring in 2013; 48 percent said it
will have no impact while 30 percent are unsure.

Hiring in Q3 2012
Nearly one-third (32 percent) of employers added full-time, permanent
headcount in the third quarter, up from 26 percent last year. Twelve percent
decreased headcount, similar to 2011 (11 percent). Fifty-six percent made no
change to staff levels and 1 percent were unsure.

Hiring in Q4 2012
Looking ahead, 26 percent of employers plan to hire full-time, permanent
employees in the fourth quarter, up from 21 percent last year. Given that
employers historically have been more conservative in estimates than actual
hiring activity, the number may come in higher at quarter end.

Nine percent expect to downsize staffs, down from 10 percent last year.
Sixty-one percent expect no change while 4 percent are undecided.

Temporary Hiring
Temporary employees are accounting for a larger proportion of the employment
mix within organizations. Thirty-eight percent of employers hired temporary
or contract workers in the third quarter, up from 32 percent last year.
One-third (33 percent) plan to hire temporary or contract workers in the
fourth quarter, up from 27 percent last year. Twenty-three percent are
planning to transition some contract or temporary staff into permanent
employees in the fourth quarter, up from 17 percent last year.

Hiring By Company Size
The number of employers planning to recruit in the next few months increased
by at least four percentage points over last year across all company sizes.

  o50 or fewer employees – 16 percent plan to add full-time, permanent staff
    in Q4, up from 12 percent last year; 7 percent expect to reduce headcount,
    on par with last year.
  o250 or fewer employees – 20 percent plan to add full-time, permanent staff
    in Q4, up from 15 percent last year; those reducing headcount remained at
    8 percent.
  o500 or fewer employees – 21 percent plan to add full-time, permanent staff
    in Q4, up from 17 percent last year; those reducing headcount remained at
    8 percent.
  oMore than 500 employees – 34 percent plan to add full-time, permanent
    staff in Q4, up from 27 percent last year; 9 percent expect to reduce
    headcount, down from 11 percent last year.

Hiring By Region
The hiring picture is improving across regions with the West appearing the
most optimistic. The Midwest continues to trail other regions.

  oWest – 31 percent plan to add full-time, permanent staff in Q4, up from 23
    percent last year; 7 percent expect to reduce headcount, down from 12
    percent last year.
  oSouth – 28 percent plan to add full-time, permanent staff in Q4, up from
    21 percent last year; 8 percent expect to reduce headcount, down from 9
    percent last year.
  oNortheast – 24 percent plan to add full-time, permanent staff in Q4, up
    from 19 percent last year; 10 percent expect to reduce headcount, on par
    with last year.
  oMidwest – 23 percent plan to add full-time, permanent staff in Q4, up from
    21 percent last year; 10 percent expect to reduce headcount, up from 9
    percent last year.

Jobs with the Most Turnover
As the job market moves in a positive direction, workers are feeling more
confident about job prospects and are pursuing new opportunities. Eighteen
percent of hiring managers reported that top performers left their
organizations in the third quarter.

The top five positions companies cited for having the most turnover in their
organizations this year include:

  oSales Representative
  oAdministrative Assistant
  oITManager/Network Administrator
  oEngineer
  oCustomer Service Representative

The competition for talent is becoming more intense. Half (50 percent) of
employers who extended a job offer in the last year reported that a candidate
rejected the offer. Employers primarily attribute the rejection to candidates
taking another job offer or their organization not being able to meet desired
salary.

Totals may not equal 100 percent due to rounding.

Survey Methodology
This survey was conducted online within the U.S. by Harris Interactive^© on
behalf of CareerBuilder among 2,494 U.S. hiring managers and human resource
professionals and 3,976 U.S. workers (employed full-time, not self-employed,
non-government) ages 18 and over between August 13 and September 6, 2012
(percentages for some questions are based on a subset, based on their
responses to certain questions). With pure probability samples of 2,494 and
3,976, one could say with a 95 percent probability that the overall results
have a sampling error of +/-1.96 and +/-1.55 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 24 million unique visitors, 1 million jobs and 49 million
resumes. CareerBuilder works with the world's top employers, providing
resources for everything from employment branding and talent intelligence to
recruitment support. More than 10,000 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, South
America, 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

SOURCE CareerBuilder

Website: http://www.careerbuilder.com
 
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