EXECUTIVES PLAN MODERATE INCREASE IN PROFESSIONAL-LEVEL HIRING IN FOURTH QUARTER
Robert Half Professional Employment Report Finds Executives Continue to be Confident in Prospects for Business Growth
MENLO PARK, Calif., Sept. 1 /PRNewswire/ -- Looking toward the final months of the year, 11 percent of executives interviewed for the Robert Half Professional Employment Report said they expect to increase the number of full-time staff they employ in professional occupations in the fourth quarter. Five percent anticipate declines, resulting in a net 6 percent1 increase in hiring activity, up three points from the third-quarter forecast.
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Executives' business optimism level remains high: 86 percent of respondents expressed at least some confidence in the growth prospects for their companies, rising slightly from 85 percent reported in the third-quarter survey. The number of executives citing recruiting challenges also rose, climbing from 42 percent in the third quarter to 47 percent.
• A net 6 percent of executives plan to increase hiring in professional occupations in the fourth quarter of 2010.
The Robert Half Professional Employment Report is the first quarterly executive survey of its size and scope to focus exclusively on professional-level hiring. The survey is based on telephone interviews with more than 4,000 executives4 from a variety of fields throughout the United States about their hiring plans and general level of optimism regarding the upcoming quarter.
"Companies that overextended their teams are now selectively adding full-time employees," said Max Messmer, chairman and CEO of Robert Half International. "Businesses are hiring to keep service levels high and boost morale among existing team members who have taken on extra work in the past few years."
Messmer added, "Despite high unemployment rates, executives expressed concern about their ability to find employees with the requisite skills for open positions. An increasing number of firms are bringing in interim staff to access specific expertise for key projects and keep personnel costs variable until they can resume full-time hiring."
Professional-Level Hiring -- By Region
Professional-Level Hiring -- By Industry
Professional-Level Hiring -- By Field
"There's no question that 2010 has been -- and continues to be -- the year for litigation, bankruptcy and foreclosure firms," noted Brett Good, a Robert Half International senior district president. "We don't see any signs indicating a slowdown in these areas for the foreseeable future, as case backlogs, the housing market and overall unemployment rates continue to be concerns. Labor and employment and intellectual property are also seeing growth. Firms specializing in these growing practice areas are seeking staff ranging from associate attorneys and contract administrators to paralegals and legal secretaries to manage larger case loads and client requirements."
1. Net percentages are the percentage of executives projecting increases in full-time employees minus the percentage expecting decreases.