HR and Payroll Software Blog

U.S. Companies Foresee Need to Hire in Third Quarter of 2010

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By Theresa Minton-Eversole- SHRM
www.shrm.org

U.S. employers expect favorable hiring plans for the third quarter of 2010, marking three straight quarters of positive survey findings, according to the results of the latest Manpower Employment Outlook Survey, conducted quarterly by Manpower Inc.

Employers provided a seasonally adjusted outlook of +6 percent, up from -2 percent during the same period in 2009. Ninety-eight percent of U.S. states have a positive hiring outlook, and 95 of the country's 100 largest Metropolitan Statistical Areas have a positive outlook for the third quarter of 2010.

"We have been waiting for the labor market to show signs of a sustained recovery," said Manpower Inc. Chairman and CEO Jeff Joerres. "The survey results for the third quarter are indicating a trend of hiring intention that has historically proven to be the positive inflection point of accelerated job growth."

Of the more than 18,000 U.S. employers surveyed in all 50 states, the District of Columbia and Puerto Rico, 18 percent expect an increase in staff levels in the third quarter, while 8 percent expect a decrease in payrolls, resulting in a net employment outlook (NEO) of +10 percent for the third quarter of 2010. When adjusted seasonally, the Net Employment Outlook becomes +6 percent.

Seventy percent of employers expect no change in their hiring plans, however, and 4 percent of employers indicate they are undecided about their hiring intentions.

"Manpower's survey results show a positive trend in employers' hiring plans," said Jonas Prising, Manpower president of the Americas. "Although we are still facing a difficult labor market, more employers indicate confidence about the direction of their businesses, and with that comes an intention to increase their workforces. We are in the early stages of the jobs recovery, and although we have a long way to go, the job market will continue to improve from here."

"Even with the positive numbers, however, the unemployment rate is expected to remain elevated throughout 2010," said Jennifer Schramm, SHRM's manager of workplace trends and forecasting. "The sharp rise in the LINE hiring indexes is also a reflection of poor job market conditions in 2009."

What's Hot, What's Not

Employers in 11 of the 13 industry sectors representing the North American Industry Classification System (NAICS) Supersectors that Manpower surveyed have a positive hiring outlook for the third quarter of 2010. However, expected third-quarter hiring in education and health services, as well as the government sector for the July through September outlook, is down 2 percent compared with the same period a year earlier. 

 To learn how NuView Systems can help with your companies Hiring needs, Visit www.nuviewinc.com

A number of businesses have turned to NuView over the past year to address HR challenges as organizations invest in a solution to better managing their human capital in preparation for the economic recovery. Among these new customers: one of the world's leading generic and specialty pharmaceutical companies (13,000 global employees), the North American operations of one of the world's leading brewers, and a global leader in the rental of power generation equipment, which provided services and reduced risk at the Olympics. Other new clients included the ACLU, Hard Rock Hotel & Casino, Emergent BioSolutions, Grand Lake Health System, and TTI, adding to NuView's diverse customer base covering all vertical industries.