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Job market shows signs of stabilizing
A new hiring survey from a national accounting and financial services firm shows that sometimes little or no growth can be a good thing.
That's the message from the Robert Half International Financial Hiring Index, which shows the employee markets stabilizing in the accounting and financial industries in the 2010 first quarter. For example, only 3% of chief financial officers that responded to the survey plan to cut back on staffing in the first three months next year. That's an improvement from the 6% of nationwide CFOs that were predicting more layoffs in the 2009 fourth quarter.
An overwhelming majority of the survey respondents, 84%, expect staffing levels to be flat for most of 2010. No new hires, but no layoffs.
“[Executives] remain cautious about hiring and are maintaining their current personnel levels until they gain confidence in the long-term economic outlook,” Max Messmer, chairman and CEO of Robert Half International says in a press release. “However, some executives have found they reduced staff too aggressively, while others may recognize they can only cut so deeply before it affects their ability to meet growth demands.”
Moreover, 45% of the CFOs say they are “somewhat confident” business will grow in the first quarter next year, while 37% of the respondents are “very confident” business will grow through March 2010.
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