Most executives plan to hire in next yearNews added by Benefits Pro on October 8, 2012
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By Amanda McGrory-Dixon

Fifty-eight percent of executives say they plan to hire at all levels over the next year, according to a survey by Korn/Ferry International, a global provider of talent management solutions.

Still, 69 percent of respondents say they're waiting for a resolutions of the fiscal cliff or European financial crisis first. Twenty-six percent of respondents report they're now hiring employees, and 25 percent of respondents say they're either considering layoffs or in the process of reducing staff. Meanwhile, 49 percent of respondents aren't making changes.

Of the two top outside factors delaying hiring are the so-called fiscal cliff in the United States, according to 39 percent of respondents, and the economic instability in Europe, 30 percent of respondents says. Another 19 percent of respondents say a lower corporate tax rate would make them more likely to hire.

They survey also finds that 42 percent of respondents plan to increase hiring in the next six months while 32 percent of respondents do not plan to bring in more employees in the next six months.

When compared to last year, 19 percent of respondents say they are hiring more people while 14 percent of respondents are keeping hiring at the same level. Thirty-eight percent of respondents are maintaining work force numbers, and 10 percent of respondents are laying off employees at the same pace from last year. Another 19 percent of respondents are laying off people at a higher rate than last year.

Originally published on BenefitsPro.com
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