Latest employment news from USA
I was just reading a news release form USA Today, with their forecast regarding employment for the third quarter (Q3). It looks like most employers in the U.S. expect their staff levels to remain the same as recruiting patterns hold steady and job losses trend downward.
The study also looked at how employers are managing the economic downturn with cost containment measures:
8% have presented job offers with postponed start dates
10% have instituted mandatory furloughs
16% have implemented pay cuts
44% have instituted a hiring freeze
13% have altered their sick time or paid time off policies
43% have cut perks and benefits
I am curious to see whats going on in the same respect in Europe and especially in Romania.
Anyhow, it looks like things are going to get tougher in the coming months.
The good news is that this situation will most likely help the market, especially here in Romania, to find balance. Our clients report that employees have slowed down hopping around changing jobs.
What do you think? What is happening in your company?
