2011 Mid-Year Job Forecast

careerbuilder CAREERBUILDER'S 2011 MID-YEAR JOB FORECAST * UNITED STATES UPDATE * NEARLY HALF OF EMPLOYERS PLAN TO HIRE DO YOU PLAN TO HIRE NEW EMPLOYEES IN THE NEW EMPLOYEES FROM JULY THROUGH SECOND HALF OF THE YEAR (JULY I TO DEC. 31)? DECEMBER, UP FROM 41 PERCENT IN 2010. 60% 40% 35% 50% 30% 40% 25% 30% 20% 15% 20% 10% 10% 5% 41% 47% 59% 53% 28% 35% 15% 15% 9% 12% 0% Yes No Full-time Part-time Contract or temporary I 2010 I 2011 IN WHICH AREAS DO BUSINESSES PLAN ON HIRING FIRST? LAST YEAR, CERTAIN SECTORS OR DEPARTMENTS IN COMPANIES WERE PRODUCING JOBS. THIS YEAR, THE U.S. IS SEEING JOB CREATION IN ALL INDUSTRIES, Customer Service 23% Information Technology 21% Sales 20% Administrative 15% Business Development FUNCTIONS AND COMPANY SIZES." 11% Accounting/Finance - Matt Ferguson, CEO of CareerBuilder 10% Marketing BY REGION: WHERE ARE EMPLOYERS HIRING THE MOST FULL-TIME EMPLOYEES IN THE SECOND HALF OF 2011? All regions are trending above 2010 in hiring prospects for the second half of 201 with the South appearing the most optimistic. 27% South 38% 29% Northeast 34% 28% Midwest O 32% 28% West O35% • 2010 • 2011 EMPLOYEE TURNOVER: THIS QUARTER, HAVE TOP WORKERS LEFT YOUR ORGANIZATION FOR OTHER JOBS? THE COMPETITION FOR SPECIALIZED TALENT IS EXPECTED TO HEAT UP AS EMPLOYERS RECRUIT AND TRY TO RETAIN TOP PERFORMERS FOR HARD-TO-FILL POSITIONS IN AREAS LIKE HEALTH CARE AND TECHNOLOGY. 35% More than one-third of employers are concerned that key talent will leave their organization as the economy improves, a trend that has become increasingly evident over 20% 15% the last six months. 10% 5% 14% 18% Q1 2011 Q2 2011 SHORTAGE OF SKILLED WORKERS Not Sure 50% 36% The biggest shortages were reported in the areas of: 2% No No Yes N INFORMATION TECHNOLOGY Yes H CUSTOMER SERVICE 50% 62% COMMUNICATIONS More than one-third of human resource One-half of employers reported there is a shortage of skills within their organization. managers reported they have positions for which they can't find qualified candidates. HIRING IN Q2 2011 HIRING IN Q3 2011 In the third quarter (Jul. 1- Sep. 30, 201) does This quarter (2nd quarter, Apr. 1- Jun. 30, 2011), is your company, at your location, increasing, decreasing or making no change in the number of full-time, permanent employees? your company, at your location, plan to increase, decrease or make no change to its number of full-time, permanent employees? Not Sure Not Sure 26% 29% 5% 1% Increase Increase 8% Decrease 11% No Change No Change Decrease 61% 59% For eight consecutive quarters, actual hiring exceeded what hiring managers originally anticipated, indicating that employers tend to be more conservative in hiring projections than hiring behavior. VIEW THE FULL REPORT AT http://bit.ly/obEBEq SURVEY METHODOLOGY This survey was conducted online within the U.S. by Harris Interactivee on behalf of CareerBuilder among 2,662 U.S. hiring managers (non-government) between May 19, 2011 and June 8, 2011 (percentages for some questions are based on a subset, based on their responses to certain questions). With pure probability samples of 2,662, one could say with a 95 percent probability that the overall results have a sampling error of -/- 1.90 percentage points. Sampling error for data from sub-samples is higher and varies.