It’s the news that 1 in 10 U.S. workers has been waiting to hear for nearly 2 years now. More companies plan to expand their workforces in 2010. Early glimpses of this good news started to appear in August when temporary help agencies reported an uptick in demand. Now, the PricewaterhouseCoopers’ Private Company Trendsetter Barometer reveals a new optimism on the part of CEOS in large privately held companies.
Specifically, nearly 43% of these senior managers believe the U.S. economy will improve through 2010. And 2/3’s of these leaders also expect to see revenue growth next year. Higher revenue projections often lead to more hiring and that is exactly what the CEOs are planning. Here are the specific findings of the most recently released Private Company Trendsetter Barometer.
- Plan to hire additional staff: 42%
- Large company planned staff size increase: 2.5%
- Smaller private company planned staff size increase: 5%
These employers overall remain cautious and concerned about the economy. In addition to a general lack of demand, business leaders worry that regulatory pressures, increased taxation and lack of capital could all hurt their chances for long-term growth. For now, a small growth rate is better than no growth rate and represents opportunity. Recruiters and online employment services may start marketing themselves to potential employers to establish a business relationship that will endure as the recovery takes hold.[Source: Trendsetter Barometer Surveys, PricewaterhouseCoopers, 11.24.09]