Just over half of large, recently downsized U.S. companies plan to boost staffing and reach pre-recession levels by 2012, according to Accenture’s recent High Performance Workforce Study. The survey included 674 senior executives worldwide from companies with revenue of more than $250 million.
Investment in hiring for the U.S. based companies is expected to increase from 24 percent today to 37 percent within the next 12 months. The study also found that only 13 percent of executives said that they plan to reduce their employee base over the next 12 months.
Yet as we all know, the planned growth won’t come easily. If a hiring ‘boom’ is imminent, highly skilled workers will come at a premium again as companies seek to grow.
The focus would soon shift from cost reduction to proactive staffing resource planning required to address spikes in hiring needs.
Questions you might ask to decipher if you are in for a hiring boom:
- Does your company have a strong balance sheet with cash to invest in a growth strategy?
- Is your workforce already stretched thin?
- Are you using contractors to supplement fulltime staff to get the work done today?
- If there was a hiring “spike”, do you have the resources to get the job done?
If you answered YES to the first three questions and NO to the last, then it probably is time to start to develop a contingency plan in the event it DOES happen!
Be realistic but THINK POSITIVE about the future! Most important, be prepared.
I hope you enjoy the last few weeks of the summer.