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!
February 16, 2009
Executives Are Optimistic about Hiring, Economic Recovery
A new survey has found that most executives believe 2009 will see a recovery in the labor market and that there will be a long-term increase in the demand for talent.

The Korn/Ferry survey found that executives “remain optimistic that the war for talent is still being waged.” Specifically, 77 percent believed that the demand for talent would increase more in the next 5 years than it did during the previous 5 years.

A smaller majority (52 percent) predict a 2009 labor market recovery, though many (35 percent) don’t expect the improvement to come until the second half of the year. Of those that believe the labor market won’t improve this year, most (39 percent) think it will happen in 2010. Just 9 percent believe the labor market won’t recover until 2011 or later.

“No one has a crystal ball, but companies operating in industries hardest hit in this recession will more than likely realize that they quickly need to focus more on hiring once the worst has passed,” Paul C. Reilly, chairman of Korn/Ferry International, said in a press release. “Because of this long-term demand curve, executives are optimistic about their own career opportunities. Korn/Ferry’s research and four decades of industry experience validate this optimism.”

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-WEB01
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/Executives-Are-Optimistic-about-Hiring-Economic-Re/