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

 prmeasurement2015-dc-175x135

Join us on April 20, 2015, for PR News’ essential PR Measurement Conference at the National Press Club in D.C., and learn how tie PR metrics to measurable business outcomes.

Use code “150off” at checkout to save $150 on the regular rate.

Get $50 off PR News' Book of Employee Communications

employeecommunications-180x150

In this 5th volume of PR News’ Book of Employee Communications, our authors cover more than 45 articles on crisis communications, social media policies, human resources collaboration, brand evangelism and more.

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.