Human Resource Managers Are Optimistic About Third Quarter

Another report is showing a glimmer of optimism for the economy and small businesses in the third quarter.  The Society for Human Resource Management, made up of personnel and human resource professionals are reporting increased confidence in the third quarter job market according to a new survey.

The Labor Market Outlook survey finds 37 percent of respondents have some level of concern for the U.S. job market in the third quarter: 33 percent are somewhat pessimistic about job growth and anticipate job losses and 4 percent are very pessimistic and anticipate job cuts during the quarter.

These new numbers are big change from the previous survey when a combined 70 percent of respondents expressed some level of pessimism and predicted deeper cuts in the U.S. job market.

A total of 69 percent of respondents said they will either eliminate jobs or keep their payrolls flat in the third quarter: 56 percent will maintain current staffing levels and 13 percent will cut jobs. Among employer categories, 28 percent of large companies (those with 500 or more employees) will conduct layoffs in the third quarter.

During the second quarter, 81 percent of respondents said they either cut jobs or kept payrolls flat: 43 percent maintained their staffing levels while 38 percent conducted layoffs.

The Society for Human Resource Management is the world’s largest association devoted to human resource management and represents over 140 countries.  You will find a host of management articles, podcasts and streaming videos about management topics on www.sbtv.com

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