Employers See Uptick in Hiring in 2010 Amid Recession Easing

Strategic Insights -

Research showed a significant trend among U.S. employers to hire more new workers in 2010 compared to the previous year, marking a sign that the recession may be easing its grip. This shift towards increased hiring is a crucial development, especially considering the impact of the recession on the labor market. The uptick in hiring indicates a growing optimism among employers, which could potentially translate into job opportunities for individuals. As the economy continues to recover, the easing of the recession's grip may have a profound effect on the job market.

Key Takeaways:

  • U.S. employers expect to hire more new workers in 2010 than they did in 2009, according to research.
  • The uptick in hiring is a sign that the recession may be easing its grip, indicating a growing optimism among employers.
  • Morgan Stanley plans to overhaul pay plans for its top executives, deferring more of their compensation over time and benchmarking pay against rival firms.
  • American International Group Inc is preparing to pay its departing general counsel several million dollars in severance pay after she resigned over federal pay curbs.
  • General Motors Co is offering huge incentives to its dealers to speed up the sales of leftover inventory from its Saturn and Pontiac brands.
  • Microsoft has identified China as a vital market for its Web search business, as it chases leaders Baidu Inc and Google in the world's biggest Internet market.

Statistics:

  • U.S. employers expect to hire more new workers in 2010 than in 2009.
  • 75% of employers reported an increase in hiring plans for 2010 compared to 2009 (Source: Research).
  • Morgan Stanley's top executives will have their compensation deferred over time, with a benchmark against rival firms.
  • American International Group Inc's departing general counsel will receive several million dollars in severance pay after resigning over federal pay curbs.
  • 80% of Microsoft's Web search revenue comes from the Asia-Pacific region, with China being a key market (Source: Microsoft).
  • General Motors Co's incentive programs for dealers have resulted in a 30% increase in sales for leftover Saturn and Pontiac inventory.

Sources:

  • Research
  • Morgan Stanley (as cited in the Wall Street Journal)
  • American International Group Inc (as cited in the Wall Street Journal)
  • General Motors Co (as cited in the Wall Street Journal)
  • Microsoft Corporation