Report: Despite tight market, companies are hiring

Atlanta Business Chronicle

Though slow, the recovery is prompting employers add new jobs as they see light at the end of the tunnel, according to a report released Monday by Challenger, Gray & Christmas.

The outplacement consultancy reported that, through September, employers have announced plans to hire 169,385 workers this year. That’s up 88 percent from the 89,924 planned hires announced in the first three quarters of last year.

And while consumer spending has been lackluster, most of the hiring plans announced this year are in retail.

Retailers announced plans to hire 33,640 workers, up from less than 4,000 in all of 2008, according to the report.

However, there is this caveat: The retail sector also has been among the top job-cutters of the year, announcing more than 95,000 job cuts through September.

Just behind retail is the government and nonprofit sector, which plans to add 28,469 workers. Those are followed by the entertainment and leisure industry, which is adding 22,370 new workers.

The report, however, noted that the figures represent just a small fraction of hiring and jobs available.

“Within the hidden job market are companies that plan to fill positions through employee referrals, those that use recruiters to find the right candidates, as well as those that have no plans to hire, but will do so if the right person comes along,” said John A. Challenger, CEO of Challenger, Gray & Christmas. “Companies need to replace retirees and others who leave voluntarily. Everyday people are fired for cause and need to be replaced. Employers are continually reevaluating their workforce needs, so it is critical to persevere,” Challenger said.

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