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A new survey carried out by the Spanish subsidiary of staffing giant Adecco among 1,000 Spanish employers reveals that 40% believe that the economic recovery will not happen until 2011. A further 25.1% believe that it will happen in 2012 and 31.4% don't expect it to arrive until 2013.
77.4% of employers do not intend to hire staff over the next few months. Only 14.5% do intend to hire over the next few months, 8.1% don't know or won't say.
77.2% of companies, which intend to hire, will do this in order to cope with increased output. 50% of staff to be hired are expected to be general staff, 29.4% technical staff, 17.6% middle management and 2.9% top management.
Employers' pay policies for 2010 are predicted to be very conservative. Around 50% foresee that they will increase salaries and wages in line with the Consumer Price Index only. 27.8% intend to freeze pay at current levels altogether.
To read the full report in Spanish language please click here