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interbiznet presents the Bugler |
| March 18, 2004 |
More Job Creation II
Read John Sumser's article in the Electronic Recruiting News.
Hiring and Compensation
The latest
Manpower Employment Outlook survey finds that job seekers could find the strongest U.S. job market in more than 3 years, even as companies remain reluctant to hire, a new survey shows. The survey found 28 percent of companies expect to hire more people in the second quarter, while 6 percent intend to cut jobs. However…
CareerJournal reports on a growing number of executive surveys that seem to indicate the nation's business leaders have become more optimistic about hiring and the economy's prospects. But there is very little evidence that executives are actually putting much money where their mouths are.
The Execunet Executive Confidence survey reveals that executives have not significantly changed their views on the employment market. Of those surveyed, 43 percent describe conditions in the executive employment market over the past 30 days as improving (down slightly from 44 percent in February), 54 percent say the market is flat, and just 3 percent believe it is getting worse.
Sibson Consulting, a human capital consulting firm, sees a mixed outcome for employee pay in 2004. Average pay increases are projected in the 3.0 to 3.3 percent range, if any, though there will be some industry sector variation. More people will be getting zero pay increases to allow for differentiation for top performers. Pay increases after taxes might not even cover increases in health insurance cost deductions on paychecks, and many employees are doing more work because co-workers have been laid off.
According to a recent study by the Hay Group, a global human resources and organizational consulting firm, compensation levels for corporate directors in the U.S. have increased significantly over the past year. Factoring in changes in stock price, the median director total direct compensation packages have increased by approximately 30 percent.
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