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One-in-five employers to hire in Q4, survey says

One-in-five employers said they will be hiring full-time, permanent workers in the fourth quarter, according to a new survey published today from CareerBuilder and USA Today.

The October to December period is the fourth consecutive quarter where at least 21% of employers planned to increase headcount.

The survey is a mixture of good and dismal news. While at least 20% of employers will be hiring, 10% say they are expecting another round of downsizing to occur in Q4.

About 65% of employers said they anticipate no change in payrolls at all, while 4% are undecided.

Temporary hiring remains a primary source of talent as employers are still hesitant to return to normal staffing levels.

About 30 percent of employers hired contract or temporary workers in the third quarter and 27 percent plan to do so in the fourth quarter.

In addition, 24 percent said they are planning to transition some contract or temporary staff into permanent employees.

Actual hiring consistently beat projected hiring for the last six quarters in the survey. Year-to-date, 24 percent of the employers added full-time, permanent headcount in each quarter versus original projections of 21 percent.  If trends persist, the actual number of hires for the fourth quarter may prove to exceed projections.

“We have seen positive job creation trends throughout the year, where positions are opening across industries each month,” said Matt Ferguson, CEO of CareerBuilder.  “The return to pre-recession employment levels will take some time.  Although the recession officially ended a year ago, we still have an economy burdened by debt.  Employers are watchful and gradually augmenting their staffs with permanent and temporary hiring.”

When it comes to documenting hiring by region, the Northeast and West are tracking above the national average for employers expecting to hire in the fourth quarter.  According to the survey, twenty-four percent of employers in the Northeast and 22 percent in the West plan to add full-time, permanent workers compared to 21 percent in the Midwest and 20 percent in the South.

On the other hand, 10 percent employers in Northeast and Midwest are planning to cut jobs in the fourth quarter.

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