Few Employers See Staff Cutbacks in 2012
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Few Employers See Staff Cutbacks in 2012
PHILADELPHIA, PA – January 10, 2012 – Few U.S. employers predict significant staff
cutbacks in the year ahead, according to a survey by Right Management, the talent and career management experts within ManpowerGroup.
Just three percent of respondents anticipate significant cutbacks or restructurings, and two- thirds expect almost none.
Right Management surveyed senior executives at more than 600 firms across the U.S. representing government, non-profit, public and private organizations and asked what they expect for the year ahead.
With respect to restructurings and cutbacks, what do you anticipate for your organization in 2012?
- 65% Practically no staff cutbacks
- 32% Modest number of staff cutbacks
- 3 % Significant staff cutbacks
“Layoffs had already begun to decline during 2011, a development most employers saw coming a year ago and which was reflected in our 2010 trends survey,” said Bram Lowsky, Executive Vice President of Right Management. “A year ago 52% of employers predicted virtually no restructurings in 2011. Nevertheless, lean staffing is now the norm at most organizations and there’s little or anything left to cut.”
Asked about expected hiring in 2012, respondents were slightly optimistic, observed Lowsky. “In the latest findings one-in-five employers predicts stepped-up hiring in order to drive strategic growth. The majority, 58%, predicted just nominal hiring on an as needed basis and 21% predict more hiring in order to fill existing gaps in the organization.”
According to Lowsky, organizational staffing trends will mirror overall U.S. economic trends. “We’ll see employers push growth, but with fewer resources, trying to make do with what they have. This will continue to be a pressurized workplace, and management has to take into account the stress all this creates. Organizations will need to be effective with their talent strategies to nurture employee engagement, productivity and performance with their streamlined workforces.”
Right Management conducted the online survey between November and December, 2011. Participating were 631 senior executives and HR professionals.
About Right Management
Right Management is a global leader in talent and career management workforce solutions within ManpowerGroup. The firm designs and delivers solutions to align talent strategy with business strategy. Expertise spans Talent Assessment, Leader Development, Organizational Effectiveness, Employee Engagement, and Workforce Transition and Outplacement. With offices in over 50 countries, Right Management partners with companies of all sizes – including more than 80% of the Fortune 500 – to help grow and engage their talent, increase productivity and optimize business performance.
Media Contact: Shari Fryer, shari@fryerassociates.com, 970-846-6607.