Free Special Resources
Get Your FREE Special Report. Download Any One Of These FREE Special Resources, Instantly!
Featured Special Report
Claim Your Free Copy of Overtime Primer: Highlights from the New Regulations

The federal DOL overtime regulations go into effect this year. Are you ready?

Download Now!

This report includes a summary of key changes, including the salary level test and salary basis test.

As a bonus, we've included a handy flowchart to help you determine exemption status under the FLSA.

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 Special Report:
Top 100 FLSA Overtime Q&As
Twitter  Facebook  Linked In
Follow Us
Copyright © 2016 Business & Legal Resources. All rights reserved. 800-727-5257
This document was published on
Document URL: