Freezing Months For Hiring


A survey released by Watson Wyatt paints a dismal picture in the context of HR and hiring, revealing that the number of companies implementing cost-cutting measures, including layoffs, hiring and salary freezes and smaller pay raises, has risen sharply in just two months. Included in the findings:

  • More than one in five surveyed companies (23%) planned to make layoffs in the next 12 months, and almost two in five (39%) had already done so--a sharp increase from only 19% of companies that had done so in October;

  • The number of companies with hiring freezes jumped from 30% in October to 47% in December, with an additional 18% planning a hiring freeze in the next 12 months;

  • The number of companies that have already implemented salary freezes jumped from 4% in October to 13% in early December;

  • Those companies that have already made or are planning to make layoffs indicated that this strategy would affect approximately 5% of their employee population; and,

  • 61% of employers reduced their planned merit increase for next year from 3.8% to 2.5%.

Source: Robert Half International and Watson Wyatt




Comments Off

Deals of the Week

Get $150 Off PR News' PR Measurement Conference

 prnews-measurement-conf-175x135-static

Join us on November 20, 2014, for PR News’ essential PR Measurement Conference, taking place at the Hyatt Regency Chicago. Commit now to grounding all of your PR efforts in metrics that connect to organizational goals and prove value that communications makes in thriving b2c and b2b companies, nonprofits and professional associations.

Use code “150off” at checkout.

Get $50 off PR News' Media Relations Guidebook


book-mediarelations-180x150

This 8-chapter resource contains practical implications for some of the most innovative developments in media relations, including the technologies, methodologies and mannerisms that determine the ecosystem in which PR pros practice this essential part of their craft.

Use code “50off” at checkout.

Save $100 on a PR News Subscription



Let PR News become your weekly, go-to resource for the latest PR trends, case studies and tip sheets. Topics covered include visual storytelling, social media, measurement, crisis management and media relations.

Use code “SUBDEAL” at checkout.

Comments are closed.