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SHRM Survey: 70 Percent of HR Professionals Pessimistic About U.S. Job Market
in Second Quarter
Alexandria, Va.– More than two-thirds of HR professionals (70 percent) are pessimistic about job growth and anticipate job losses during the second quarter of 2009, a slight decrease from the first quarter, according to the
Labor Market Outlook (LMO) survey by the Society for Human Resource Management (SHRM).
Nearly 70 percent also plan to eliminate jobs or keep payrolls flat. Specifically, 52 percent of HR professionals will maintain staffing levels while 17 percent will cut jobs. The good news is that the job cuts will be balanced by the 18 percent who plan to hire. Another 13 percent, however, are unsure how their company will respond to second-quarter hiring given the economic crisis.
“The numbers for hiring remain low but do mark a quarter-to-quarter improvement,” said Steve Williams, director of research at SHRM. “HR professionals anticipate fewer job cuts in the second quarter and more report a recruiting holding pattern as the recession plays out on their bottom line.”
In the first quarter of 2009, 84 percent of HR respondents either cut jobs or kept payrolls flat (39 percent conducted layoffs and 45 percent held steady). Managers, professionals, hourly service workers, laborers, and skilled manual workers remain the groups most affected by layoffs, while senior executives are the least affected.
Additional survey highlights include:
Reporters may view the complete SHRM LMO at:
Reporters may read additional SHRM surveys at: http://www.shrm.org/surveys.
About the Society for Human Resource Management
The Society for Human Resource Management (SHRM) is the world’s largest association devoted to human resource management. Representing more than 250,000 members in over 140 countries, the Society serves the needs of HR professionals and advances the interests of the HR profession. Founded in 1948, SHRM has more than 575 affiliated chapters within the United States and subsidiary offices in China and India. Visit SHRM Online at
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