Wednesday, February 10, 2010

2010 Job Forecast

Some encouraging news 2010 as hiring fears are starting to decrease and employers are beginning to signal an increase in their plans to hire in this New Year.

As written in the 2010 Career Builder job forecast 20% of employers plan to increase their number of full time employees and for those of you looking for part time work 11% of employers plan to add part time employees this year.

Are you in the information Technology Business? This industry is expected to see a 32% hiring rate as companies are looking to employ IT professionals in 2010. Not in the IT industry not to worry it has been researched that 27% of manufacturing, and 23% of financial services employers plan to add full time permanent employees. Health care, sales, professional and business services, as well as transportation and retail are showing an increase of hiring permanent full time employees.

Employers are definitely planning to move forward in this New Year by:

Replacing lower performing employees - When asked to grade their current work force 25% rated them an "A", 60% a "B", 15% a "C" and 1% a "D", less than 1 1/2 percent felt their staff was a failure. In total about 37% of employers plan to replace lower performing employees.

Emphasizing on social media - due to the economy many companies had to make tough decisions about their business which in turn gave a negative impact to their brand. The goal for about 37% of employers in 2010 is to create a more positive brand for their organization of which 8% plan to hire someone to focus or partially focus on the social media aspect of the company.

Flexible work arrangements - Companies are planning to provide employees with greater flexibility in hopes of maintaining a better work - life balance.

Perks and Benefits - Although companies are moving toward growth opportunities for their businesses, some are still looking to trim perk benefits such as temporarily suspending 401K matching, bonuses and office perks such as coffee, tea and condiments.

Rehiring Retirees and Postponing Retirement - many companies are open to retain their workers who are approaching retirement and others are likely to rehire retires from other companies as they understand the intellectual capital mature workers bring to their organization.

Green Jobs - while companies are closely monitoring the progressive recovery of the U.S economy some will continue to turn their focus to the environment and about 11% plan to add "green jobs"in 2010.

Bilingual Recruitment - as companies begin to build their businesses they have taken a new important measure of success "having a diverse work force". Four in ten employers said they plan to hire bilingual candidates in 2010, and half said if they had two equally qualified candidates they would be more inclined to hire the bilingual candidate.

About 32% of employers that laid people off in 2009 are planning to bring back workers and three in ten say they plan to do so in the first six months of 2010. This is definitely the time to review your resume, check for spelling errors, make sure when applying for a position you read the job description thoroughly, and submit your resume with a cover letter. If asked to go in for an interview go on line and research the company, be sure to ask for a business card to submit a thank you letter.

To learn more contact the Mughal and Associates team to : 305 - 571- 9590 or visit our website at http://www.marecruit.com/ .