Forecast on Employer Trends

With a little more than a month left in the first quarter, employers are anticipated to make several moves involving employment trends. Taking into consideration our chaotic economy, companies are now looking to take matters into their own hands. They long to make up ground that was lost in the recession, and create situations that will work for them once again. Techcareerdirect.com believes the following employer trends are a great insight for future company developments.

1. Rehire Workers That Were Laid-off.
The majority of companies experienced some form of down-sizing through lay-offs last year. Out of the companies involved in lay-offs, 32% will begin re-hiring employees throughout the year.

2. Replacing Lower-Performing Employees
Many employees have taken on jobs that are beneath their skill level in order to continue working, or simply to get to back to work. It may please many employees to know that many companies are going to now recognize those folks and promote them to higher positions that could utilize their expertise. 37% of employers stated they would begin to take advantage of the large numbers of top talent in their labor pool and strengthen their workforce before going outside to look for talent.

3. Utilizing Social Media
Many companies experienced a negative impact for the decisions they had to make during the recession- and in turn for their brand/product. In order to turn this around, these companies plan to place an emphasis on the social media market. They plan to utilize folks already under their employ as well as hire to take on the responsibility of social media practices.

4. Flexible Work Arrangements
It may please some of you to learn that many companies are in tuned with their employee’s ability to balance their work with their home life. 35% of employers say they plan to continue improving such standards and even plan to add onto their already existing plan. Possible amendments they are considering are:

  • Telecommuting
  • Alternate schedules – individually adjust schedule ensuring contracted hours.
  • Alternate summer hours
  • Compressed work hours- more hours in a day, less days a week
  • Job sharing
  • Sabbaticals

5. Reducing Benefits and Perks
Just because there seems to be a lift in the recession for some companies, they still feel the sting of their previous losses. In order to save money and not find themselves in the position they were in last year, many companies plan to alter or reduce benefits in some form and manner. Medical coverage, bonuses, 401K matchings, and perks like coffee, water, and condiments are more likely to be suspended or trimmed back.

6. Rehiring Retirees and Postponing Retirement
Many companies recognize the experience and skill that a seasoned employee nearing retirement can bring to their business. They are now rehiring retirees and asking potential retire candidates to stay on- and have received positive results for such a tactic. Certain companies even consider hiring folks who retired from other companies to fill in the gaps.

7. Using Freelancers and Contract Hirers
Companies are now utilizing freelance and contract hirers more than ever. They realize the many benefits that come with doing so. They find that they keep the business flowing forward without adding a full-time employee and their expenses to the bottom-line. Three in ten employers predict hiring freelancers or contractors in 2010.

8. Green Jobs
More businesses than ever before will begin focusing a part of their energies toward the environment. New government regulations make it all but impossible to not add green jobs to their employee make-up. The positions in question of hire will reflect environmentally conscious design, policy, and technological improvements to conserve and sustain.

9. Bilingual Hiring
It’s important for employers to have a diverse workforce where business takes them all over the world. It’s also pertinent to maintain a staff where communication is possible with bilingual clients within the States. Employers are now looking to hire professionals who can fluently speak another language besides English. If it came down to you and someone who spoke more than one language, they would choose the bilingual candidate.

10. Travel Expenses
43% of businesses say they are going to cut business expenses this year. That means less travel, or even accommodations more on the economic side.