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Seventeen percent of companies plan to add full-time staff in the fourth quarter, according to the fourth-quarter U.S. job forecast released Wednesday by CareerBuilder.com and USA Today. Another 10% will cut staff, 68% plan no change and 5% are undecided.
In the third quarter, 18% of companies said they added full-time staff, 15% cut staff, 65% reported no change and 1% were undecided at the time the survey was taken (between Aug. 20 and Sept. 9), according to the CareerBuilder.com survey.
Twenty-three percent of employers rehired employees laid off within the last 12 months in the third quarter. Another 19% plan to rehire laid-off employees in the fourth quarter. In addition, 5% of companies that reported pay cuts in the last 12 months restored pay to previous levels in the third quarter, and 12% plan to restore pay levels in the fourth quarter.
"Companies are switching their focus from cost containment to growth. Employers who have instituted pay cuts or layoffs in the last year are reporting that they have begun to restore compensation levels and rehire employees," said CareerBuilder.com CEO Matt Ferguson. "While these are positive indicators, the pace of hiring will remain restrained. It will take time to rebuild the confidence needed in the nation's economy to trigger more robust recruitment programs."
The survey included 2,924 hiring managers and human resource professionals in the private sector.