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Survey: Half Of All Companies Expect to Hire This Year

January 27th, 2020

Despite concerns the economy may be stalling, half of all companies still plan to add staff this year.

Global outplacement and executive coaching firm Challenger, Gray & Christmas says of the 150 companies it surveyed, 46% said they've been hiring throughout last year and intend to hire more workers in 2020.Another 5% of them said they expect to up their headcount "significantly."

Tempering the news is that far fewer companies feel the economy is improving. In 2018, 65% of the companies in the Challenger survey said they felt the economy had improved. When that question was asked last month, only 38% said the economy had improved. Another 35% felt there had been no change in 2019.

“The fact that half of companies are hiring this year is a positive for job seekers and indicates companies are continuing to enjoy a solid economy. That said, we are seeing some indicators, such as slow-growing wages, an increase in job cuts, and an exodus of CEOs, that may portend rough waters ahead,” said Andrew Challenger, company VP.

According to Challenger, Gray & Christmas, 1,640 CEOs left their posts last year, the most since CEO tracking began in 2002. The firm also reported that employers at US-based companies last year announced plans to cut 592,556 jobs, a 10% increase over the cuts announced in 2018.

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