Uncertainty Slows Hiring Plans for Many Companies

By Dennis McCafferty  |  Posted 01-14-2014 Email Print this article Print

In the near future, we may view 2013 as a building-block year that paved the way for better things: more staffing, more IT innovation and more organizational growth. However, the overall economy will need to demonstrate a sign of firmer footing before this happens, according to a recent survey of hirers from CareerBuilder. One of the biggest question marks remains the state of debt negotiations in Washington, D.C., as a large portion of companies are putting staffing expansion plans on hold until this issue is resolved. On the positive side, however, more businesses plan to boost their headcount than shrink it, and many companies are committed to additional investments in science, technology, engineering and math positions, especially in IT. "The general sentiment shared by employers … is that there will be a better job market in 2014," says Matt Ferguson, CEO of CareerBuilder and co-author of The Talent Equation. "Some employers [are reluctant] to commit to adding jobs until the outcomes of debt negotiations and other issues affecting economic expansion are clearer. As these stories play out and employers find their footing in the New Year, there is greater potential for the average monthly job creation in 2014 to exceed that of 2013." More than 2,200 hiring managers and HR professionals took part in the research. For more about the survey, click here.

Dennis McCafferty is a freelance writer for Baseline Magazine.


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