2020 Hiring Outlook: Fewer Companies Report Hiring Plans, More Report Economic Softness
Just over 51% of companies plan to hire this year, according to a survey conducted by global outplacement and executive coaching firm Challenger, Gray & Christmas, Inc. That’s compared to nearly 55% of companies that reported they would be hiring in 2019 in the same survey conducted at the end of 2018.
Meanwhile, nearly double the companies reported that economic fears and soft demand would negatively impact hiring. Over 18% of companies stated low demand and economic uncertainty would slow hiring, compared to 9% of respondents who reported this in the 2018 survey.
The survey was conducted online in December among 150 companies of various sizes in all industries nationwide.