Thursday, January 28, 2010

Companies will start hiring this year

Hiring is expected to start more in this year. This is indeed a very good news for the youngstres and the students. A PricewaterhouseCoopers (PwC) survey of 1,200 chief executives in 52 countries found 39 per cent of industry bosses aimed to increase headcount in 2010, while 25 per cent planned more job cuts, down from nearly half who slashed jobs last year.Business confidence is bouncing back after the sharpest drop in economic activity since World War Two, prompting more industry leaders to start hiring again, according to a survey on Wednesday.Job creation plans, however, remain small-scale and largely concentrated in emerging markets, where the economic recovery has been strongest and wages are lower. Growth hopes in the developed world remain markedly more subdued, the study found.

The survey was released on the opening day of the World Economic Forum, where 2,500 of the world's business and political elite are meeting in the wake of the economic crisis. Markets have been buoyed by $5 trillion of cheap money, designed to float the global economy off the rocks, but as governments and central banks prepare exit strategies many business leaders see only a slow recovery. Companies have eased up on layoffs but remain reluctant to hire beyond the minimum needed to deal with the weak upturn.


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