Thursday, February 18, 2010

Hiring Outlook Positive But Globally Varied

Employers across global markets plan to increase hiring in 2010, but the pace of hiring varies greatly by global region. The latest global Manpower Employment Outlook Survey reports the strongest hiring forecast in the Asia-Pacific region, weakest in the United States, and mixed in Europe and South and Central Americas.

In the United States and other regions hit hardest by the recession, the hiring outlook remains cautious. According to CareerBuilder’s 2010 Job Forecast, 20% of U.S. employers expect to add headcount in 2010, up from 14% in 2009.

The Asia-Pacific region, on the other hand, expects hiring to return to pre-recession levels in 2010. India reports the strongest hiring plans. The Hiring Outlook Survey by Naukri.com, India’s largest jobs Web site, reports that 72% of recruiters are forecasting new jobs to be added in 2010, up from 45% in July 2009.

Whether your hiring forecast for 2010 is cautious or aggressive, a certain amount of infrastructure is necessary to fulfill hiring plans. Consider the following activities:
  • Confirm workforce plans

  • Increase size or flexibility of your Recruiting team

  • Re-engage talent pipelines

  • Assess and address employment brand damage

For more information on these tactics, Roundtable members can see the webinar replay, Jumpstarting Your Hiring Engine. For more trends related to talent attraction and other HR areas, see the HR Quarterly Trends Report published by our sister program, the Corporate Leadership Council, available in March.