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Signs of Jobs Recovery Continue to Emerge

(July 27, 2010)
It's not exactly gangbusters out there, but undeniable signs of a recovery in the jobs market continue to unearth themselves. For instance, various sources' research into the matter indicates not only that large companies are planning to rebuild their workforces soon, but also that, among other things, anticipated job cuts in the tech sector through the first half of 2010 tapered considerably.

Fifty-four percent of large U.S. businesses that reduced staff in the past 12 months plan to rebuild their workforces to pre-recession levels within two years, according to a study released in mid-July by Accenture. "The Accenture High Performance Workforce Study" found that among all U.S. companies surveyed, only 13 percent of executives say that they plan to reduce their employee base over the next 12 months.

The survey also confirms that companies are shifting their focus away from cost control and returning to growth. The percentage of U.S. companies focused primarily on cost control will decrease from 41 percent in mid-2009 to 18 percent in 2011, according to the study. And the percentage of U.S. companies focused primarily on investment in growth-oriented activities, such as hiring, will increase from 24 percent today to 37 percent within the next 12 months.

Read balance of the article by the TMT Editor.

Colleen Gildea

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