Receive daily articles & headlines each day in your inbox with your free ERE Daily Subscription.

Not logged in. [log in or register]

CareerBuilder Forecast: Companies Expect to Hire Fewer Workers

by
John Zappe
Apr 4, 2013, 12:10 am ET

CareerBuilderHiring is slowing from last year, and the trend is predicted to continue at least through the rest of the first half of the year, says a new report from CareerBuilder.

The job board’s quarterly employment forecast says the U.S. should expect somewhat slower hiring through the end of June than it saw for the same period last year. That comes on the heels of a first quarter that was slightly better than what CareerBuilder’s survey foresaw three months ago, but which was still down from 2012.

Of the more than 2,000 hiring managers and human resource professionals distributed across industries and company sizes polled for the report, 26% said they expect an increase in their full-time, permanent headcount this quarter. Last year, CareerBuilder reported 30% foresaw a second-quarter increase, and later, found 34% actually did add staff.

The first quarter survey said 26% of respondents expected to add staff; 28% actually did. Still, that was down from 2012 when 33% of the firms in the poll added jobs.

Friday, the Labor Department is to release its jobs report for March. Expectations are that it will show about 200,000 new jobs created during the month. But an ADP jobs report yesterday raised doubts about those initial predictions when it came in at 158,000 new, private sector jobs created during the month. That was far below what economists were expecting.

Like other predictions about job growth, the CareerBuilder poll found employers more cautious now than they were last year.

“The U.S. job market is in a better place today, but concerns over spending cuts, wavering global economies, and other factors are weighing on employers’ minds,” said Matt Ferguson, CEO of CareerBuilder. “We expect continued stability and improvement as the year goes on.”

The decrease in hiring expectations cuts across all company sizes. Here’s how the full-time, permanent hiring in the second quarter breaks down, according to the survey:

  • 50 or fewer employees — 17% to add, down from 20% last year; those reducing headcount increased to 6% in 2013 from 5% last year.
  • 250 or fewer employees — 21% will add, down from 22%  last year; those reducing headcount increased to 7% in 2013 from 5% last year.
  • 500 or fewer employees — 22% will add, down from 25%  last year; those reducing headcount increased to 8% in 2013 from 5% last year.
  • More than 500 employees 33% will add, down from 38% last year; those reducing headcount increased to 10% in 2013 from 7% last year.

However, the picture hasn’t significantly changed when it comes to the use of temps. Last year, 34% of employers said they would be hiring contractors or temps in the second quarter. Now, 32% said they planned to do that. And 24% are planning to transition some contract or temporary staff into permanent employees in the second quarter, the same as last year.

This article is provided for informational purposes only and is not intended to offer specific legal advice. You should consult your legal counsel regarding any threatened or pending litigation.

  1. March Job Growth Only at 88,000 – Lowest Rate Since December 2008

    [...] CareerBuilder, which issued a second-quarter job forecast, was less aggressive, but still upbeat. Its survey of hiring manager and recruiters found 26 percent saying they expected to increase in their full-time, permanent headcount this quarter. However, the numbers expecting to hire more workers was less than in 2012. [...]

  2. Big Slowdown in Hiring Last Month With Only 88,000 Jobs Created; SHRM sees Improvement This Month - ERE.net

    [...] CareerBuilder, which issued a 2nd quarter job forecast, was less aggressive, but still upbeat. It ‘s survey of hiring manager and recruiters found 26% saying they expected to increase in their full-time, permanent headcount this quarter. However, the numbers expecting to hire more workers was less than in 2012. [...]

Post a comment

Please log in to post a comment.

Note: You need to sign up for an account on our new commenting system if you haven't already done so — even if you have an existing ERE account. Find out why »

Login Information