2. Q3 2008 Job forecast 2Q4 2010 job forecast 1Totals may not equal 100 percent due to rounding.
CareerBuilder and USA TODAY’s
Q4 2010 Job Forecast
Twenty-one percent of employers expect to add full-time, permanent employees in the fourth quarter, according to the latest
survey from CareerBuilder and USA TODAY. The October to December period is the fourth consecutive quarter where at least
one-in-five employers planned to increase headcount.
Actual hiring consistently beat projected hiring for the last six quarters in the survey. Looking at 2010, 24 percent of employers
reported adding full-time, permanent headcount in each quarter from January through September. Original projections for that
period averaged 21 percent. If trends persist, the actual number of hires for the fourth quarter may prove to exceed projections.
“We have seen positive job creation trends throughout the year, where positions are opening across industries each month,”
said Matt Ferguson, CEO of CareerBuilder. “The return to pre-recession employment levels will take some time. Although
the recession officially ended a year ago, we still have an economy burdened by debt. Employers are watchful and gradually
augmenting their staffs with permanent and temporary hiring.”
From the worker’s perspective, the study found a number of employed workers may be competing with the nearly 15 million
unemployed for new job opportunities. Twenty-nine percent of workers reported that they feel underemployed in their current
jobs. Nearly one-in-five (19 percent) attributed this sentiment to taking a job during the recession that is at a lower level than
their previous position.
CareerBuilder surveyed more than 2,400 hiring managers and human resource professionals and more than 3,100 workers
across industries and company sizes. The survey was conducted from August 17 to September 2, 2010.
Hiring in Q3 2010
One-in-four employers (25 percent) reported they added
full-time, permanent employees in the third quarter, up
from 18 percent in the same period last year. This signifies
three consecutive quarters of both sequential and year
over year improvements in 2010. Twelve percent decreased
headcount, down from 15 percent last year. Sixty-two
percent reported no change in their number of full-time,
permanent employees while one percent were undecided.
In terms of hourly employment, 56 percent of employers
reported no change in the number of hours offered in the
third quarter compared to the same time last year. Sixteen
percent said hours were cut while 10 percent stated hours
had increased.
1%
25%
12%
62%
This quarter (3rd quarter, Jul. 1 - Sep. 30, 2010), is your
company, at your location, increasing, decreasing or making
no change in its number of full-time, permanent employees?
Company Undecided
No Change
Decrease
Increase
In the fourth quarter (Oct. 1 - Dec. 31, 2010) does your
company, at your location, plan to increase, decrease or make
no change to its number of full-time, permanent employees?
21%
10%
4%
Company Undecided
No Change
Decrease
Increase
Hiring By Region: In the fourth quarter, does your company, at
your location, plan to increase, decrease or make no change
in its number of full-time, permanent employees?
1%
25%
12%
62%
This quarter (3rd quarter, Jul. 1 - Sep. 30, 2010), is your
company, at your location, increasing, decreasing or making
no change in its number of full-time, permanent employees?
Company Undecided
No Change
Decrease
Increase
If your company, at your location, employs hourly workers,
how have their hours on average changed in the third
quarter 2010 compared to the same period in 2009?
0%
10%
20%
30%
40%
50%
60%
Hours
Were Cut
Hours
Increased
Hours
Stayed the
Same
Not Sure
16%
10%
56%
4%
14%
Company
Doesn’t Employ
Hourly Workers
3. 2Totals may not equal 100 percent due to rounding.
Hiring in Q4 2010
Twenty-one percent of employers plan to increase their full-time,
permanent headcount in the fourth quarter while 10 percent expect
to downsize staffs. Sixty-five percent anticipate no change while 4
percent are undecided. Looking at actual hiring for the fourth quarter
in 2009, 20 percent of employers reported they had hired full-time,
permanent staff while 13 percent decreased headcount.
TEMPORARY HIRING
Hesitant to accelerate hiring to full capacity, employers are turning to
interim solutions to support business needs. Thirty percent of employers
reported they hired contract or temporary workers in the third quarter.
Twenty-seven percent plan to do so in the fourth quarter. Nearly one-
in-four (24 percent) said they are planning to transition some contract or
temporary staff into permanent employees.
The positions for which employers are most likely to hire contract or
temporary staff in the last three months of 2010 include:
• IT - 27 percent
• Administrative -25 percent
• Engineering – 12 percent
• Finance and Accounting – 12 percent
• Sales and Marketing – 10 percent
• Creative and Design – 9 percent
Hiring By Region
Similar to trends seen in the first half of the year, the Northeast and West
are tracking above the national average for employers expecting to hire
in the fourth quarter. Twenty-four percent of employers in the Northeast
and 22 percent in the West plan to add full-time, permanent workers
compared to 21 percent in the Midwest and 20 percent in the South.
In terms of staff reductions, the Northeast and Midwest tied for having
the highest number of employers (10 percent) anticipating a decrease in
headcount in the fourth quarter. The South and West came in slightly
below at 9 percent.
Hiring By Company Size
Although small businesses continue to struggle with accessing credit
needed to run and expand their operations, companies of all sizes plan
to add staff by the end of the year. Twenty-six percent of employers
with more than 250 employees plan to increase headcount in the fourth
quarter followed by 24 percent of employers with 51 to 250 employees
and 13 percent of employers with 50 or less employees.
Seven percent of employers with 1 to 50 employees plan to reduce their
workforce in the fourth quarter compared to 8 percent of businesses
with 51 to 250 employees and 12 percent with more than 250 employees.
0%
20%
40%
60%
80%
1 to 50 employees
51 to 250 employees
More than 250
employees
Hiring By Company Size: In the fourth quarter, does your
company, at your location, plan to increase, decrease or make
no change in its number of full-time, permanent employees?
Increase
Decrease
No
Change
Company
Undecided
13%
7%
73%
6%
24%
8%
64%
3%
26%
12%
60%
3%
Hiring By Region: In the fourth quarter, does your company, at
your location, plan to increase, decrease or make no change
in its number of full-time, permanent employees?
0%
10%
20%
30%
40%
50%
60%
70%
Increase Decrease No Change Company
Undecided
24%
10%
62%
4%
21%
10%
65%
5%
20%
9%
67%
4%
22%
9%
65%
4%
Northeast Midwest South West
What do you expect your average change in salaries
will be, at your location, in the fourth quarter 2010
1%
25%
12%
62%
This quarter (3rd quarter, Jul. 1 - Sep. 30, 2010), is your
company, at your location, increasing, decreasing or making
no change in its number of full-time, permanent employees?
Company Undecided
No Change
Decrease
Increase
In the fourth quarter (Oct. 1 - Dec. 31, 2010) does your
company, at your location, plan to increase, decrease or make
no change to its number of full-time, permanent employees?
21%
10%
4%
65%
Company Undecided
No Change
Decrease
Increase
27%
Does your company plan to hire contract or temporary
workers, at your location, in the fourth quarter?
No
Yes
If your company, at your location, employs hourly workers,
how have their hours on average changed in the third
quarter 2010 compared to the same period in 2009?
0%
10%
20%
30%
40%
50%
60%
Hours
Were Cut
Hours
Increased
Hours
Stayed the
Same
Not Sure
16%
10%
56%
4%
14%
Company
Doesn’t Employ
Hourly Workers
0%
20%
40%
60%
80%
1 to 50 employees
51 to 250 employees
More than 250
employees
Hiring By Company Size: In the fourth quarter, does your
company, at your location, plan to increase, decrease or make
no change in its number of full-time, permanent employees?
Increase
Decrease
No
Change
Company
Undecided
13%
7%
73%
6%
24%
8%
64%
3%
26%
12%
60%
3%
Hiring By Region: In the fourth quarter, does your company, at
your location, plan to increase, decrease or make no change
in its number of full-time, permanent employees?
0%
10%
20%
30%
40%
50%
60%
70%
Increase Decrease No Change Company
Undecided
24%
10%
62%
4%
21%
10%
65%
5%
20%
9%
67%
4%
22%
9%
65%
4%
Northeast Midwest South West
What do you expect your average change in salaries
will be, at your location, in the fourth quarter 2010
1%
25%
12%
62%
This quarter (3rd quarter, Jul. 1 - Sep. 30, 2010), is your
company, at your location, increasing, decreasing or making
no change in its number of full-time, permanent employees?
Company Undecided
No Change
Decrease
Increase
In the fourth quarter (Oct. 1 - Dec. 31, 2010) does your
company, at your location, plan to increase, decrease or make
no change to its number of full-time, permanent employees?
21%
10%
4%
65%
Company Undecided
No Change
Decrease
Increase
27%
Does your company plan to hire contract or temporary
workers, at your location, in the fourth quarter?
No
Yes
If your company, at your location, employs hourly workers,
how have their hours on average changed in the third
quarter 2010 compared to the same period in 2009?
0%
10%
20%
30%
40%
50%
60%
Hours
Were Cut
Hours
Increased
Hours
Stayed the
Same
Not Sure
16%
10%
56%
4%
14%
Company
Doesn’t Employ
Hourly Workers
In the fourth quarter (Oct. 1 - Dec. 31, 2010) does your
company, at your location, plan to increase, decrease or make
no change to its number of full-time, permanent employees?
21%
10%
4%
65%
Company Undecided
No Change
Decrease
Increase
27%
73%
Does your company plan to hire contract or temporary
workers, at your location, in the fourth quarter?
No
Yes
71%
29%
No
Yes
Do you feel underemployed?
company, at your location, plan to increase, decrease or make
no change to its number of full-time, permanent employees?
21%
10%
4%
65%
Company Undecided
No Change
Decrease
Increase
27%
73%
Does your company plan to hire contract or temporary
workers, at your location, in the fourth quarter?
No
Yes
71%
29%
No
Yes
Do you feel underemployed?
4. Q4 2010 job forecast 3Totals may not equal 100 percent due to rounding.
Compensation
Forty-one percent of employers anticipate no change in salary
levels in the fourth quarter compared to the same period last
year. Thirty-five percent expect there will be an average increase
of 3 percent or less. Fourteen percent expect their average
changes will be between 4 and 10 percent and 1 percent predict
an increase of 11 percent or more. Five percent anticipate a
decrease in salaries.
The Worker’s Perspective
Looking back over 2010, half of full-time, employed workers
said they are happier with their employment situation today
than they were one year ago. The other half are not.
Contributing to the lack in job satisfaction that some workers
are feeling is the inability to contribute at desired levels.
Nearly three-in-ten workers reported feeling underemployed.
Of these workers, 71 percent stated their skills and
experience aren’t being utilized to their full potential. Forty-
five percent don’t feel challenged while 30 percent stated
they don’t feel a sense of autonomy in their positions.
Twenty-seven percent of all workers reported they don’t feel
loyal to their current employer.
Und
4 - 10% increase
Company
Undecided
Decrease
No change
1%
What do you expect your average change in salaries
will be, at your location, in the fourth quarter 2010
compared to the same period in 2009?
1-3% increase
11% - more
35%
4%
5%
41%
14%
Why do you feel underemployed?
Took lower position
than previous job
during the recession
0% 10% 20% 30% 40% 50% 60% 80%70%
71%
30%
19%
45%
15%
Skills not being
used to full potential
Don’t feel a sense
of autonomy
Other
Don’t feel challenged
27%
73%
Does your company plan to hire contract or temporary
workers, at your location, in the fourth quarter?
No
Yes
71%
29%
No
Yes
Do you feel underemployed?
0%
20%
40%
60%
80%
1 to 50 employees
51 to 250 employees
More than 250
employees
Hiring By Company Size: In the fourth quarter, does your
company, at your location, plan to increase, decrease or make
no change in its number of full-time, permanent employees?
Increase
Decrease
No
Change
Company
Undecided
13%
7%
73%
6%
24%
8%
64%
3%
26%
12%
60%
3%
Undecided
Northeast Midwest South West
4 - 10% increase
Company
Undecided
Decrease
No change
1%
What do you expect your average change in salaries
will be, at your location, in the fourth quarter 2010
compared to the same period in 2009?
1-3% increase
11% - more
35%
4%
5%
41%
14%
Why do you feel underemployed?
Took lower position
than previous job
during the recession
0% 10% 20% 30% 40% 50% 60% 80%70%
71%
30%
19%
45%
15%
Skills not being
used to full potential
Don’t feel a sense
of autonomy
Other
Don’t feel challenged
10%
65%
Company Undecided
No Change
27%
73%
Does your company plan to hire contract or temporary
workers, at your location, in the fourth quarter?
No
Yes
71%
29%
No
Yes
Do you feel underemployed?
27%
73%
Does your company plan to hire contract or temporary
workers, at your location, in the fourth quarter?
No
Yes
71%
29%
No
Yes
Do you feel underemployed?
6. About CareerBuilder®
CareerBuilder is the global leader in human capital solutions, helping
companies target and attract their most important asset - their people.
Its online career site, CareerBuilder.com®
, is the largest in the United
States with more than 23 million unique visitors, 1 million jobs and
32 million resumes. CareerBuilder works with the world’s top employers,
providing resources for everything from employment branding and data
analysis to recruitment support. More than 9,000 websites, including
140 newspapers and broadband portals such as MSN and AOL, feature
CareerBuilder’s proprietary job search technology on their career
sites. Owned by Gannett Co., Inc. (NYSE:GCI), Tribune Company, The
McClatchy Company (NYSE:MNI) and Microsoft Corp. (Nasdaq: MSFT),
CareerBuilder and its subsidiaries operate in the United States, Europe,
Canada and Asia.
For more information, visit
www.careerbuilder.com
Media Contact
Jennifer Grasz
773-527-1164
Jennifer.Grasz@careerbuilder.com
http://www.twitter.com/CareerBuilderPR
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