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What’s Next for Hiring in 2010?

February 1, 2010

According to Workplace Visions, a publication of the Society of Human Resource Management, hiring expectations for the manufacturing and service sectors for Janaury 2010 surpassed hiring expectations for the same period in 2009. 39% of survey respondents were somewhat optimistic about job growth in Q1 2010, although 25% were somewhat pessimistic.

Hiring fell  30% from 2006-2008, and employee turnover dropped from 16% in 2007 to 8% in 2009.
As the recovery continues, turnover is expected to increase as high performers leave those organizations whose financial difficulties prompted a company response. To keep high performers, companies are exploring ways to increase employee engagement by offering higher salaries and bonuses with higher payouts.  Particulary vulnerable are those companies that have had multiple layoffs.  With higher workloads, those workers experiencing burnout may seek employment with companies that have not been hit as hard financially.

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