State:
Free Special Resources
Get Your FREE Special Report. Download Any One Of These FREE Special Resources, Instantly!
Featured Special Report
Claim Your Free Cost Per Hire Calculator
This handy calculator lets you plug in your expenses for recruiting, benefits, salaries, and more.

Graphs automatically generate to show you your annual cost per hire and a breakdown of where you are spending the most money.

Download Now!
January 11, 2008
Despite Recession Threat, HR Pros Expect to Increase Hiring in 2008
In the past few weeks, the media has been conveying predictions of a forthcoming economic recession. But these predictions apparently aren't causing much fear among HR professionals, most of whom expect their companies to hire additional staff this year, according to a Compensation.BLR.com poll.

When asked "Does your company plan to grow in size in 2008?," 63 percent responded "Yes, we expect to hire additional staff." Meanwhile, 24 percent responded "No, we expect the size of our workforce to stay the same." Only 14 percent responded "No, we may even cut back on staff this year."

Coinciding with the turning of the calendar to January 2008, predictions of an economic recession began to multiply. On January 10, CNN Money reported that economists from two major Wall Street firms--Merrill Lynch and Goldman Sachs--have suggested that the recession is in fact already upon us, noting that the unemployment rate jumped from 4.7 percent in November 2007 to 5.0 percent in December, with little job growth.

Whether the majority of the respondents to our poll are overly-optimistic or correct in their assumptions that economic conditions--whatever they may be--won't have an adverse impact on hiring ought to be determined in the coming months.

The Compensation.BLR.com poll included 195 respondents.

For a Limited Time receive a FREE Compensation Market Analysis Report! Find out how much you should be paying to attract and retain the best applicants and employees, with customized information for your industry, location, and job. Get Your Report Now!
Featured Free Resource:
Cost Per Hire Calculator
   
   
 
 
Twitter  Facebook  Linked In
Follow Us
CT-WEB02
Copyright © 2016 Business & Legal Resources. All rights reserved. 800-727-5257
This document was published on http://Compensation.BLR.com
Document URL: http://compensation.blr.com/Compensation-news/Staffing-Training/Staffing-Recruiting/Despite-Recession-Threat-HR-Pros-Expect-to-Increas/