Survey Finds Majority of Companies Plan to Continue Hiring Despite Recession Worries

Survey Finds Majority of Companies Plan to Continue Hiring Despite Recession Worries

Survey Finds Majority of Companies Plan to Continue Hiring Despite Recession Worries

With the possibility of a recession on the horizon, 57% of American companies said they still plan to forge ahead with hiring, according to a new survey from The Harris Poll.

But make no mistake, everyone from consumers to CEOs lacks confidence in the current economy. In fact, more than half (51%) of U.S. companies think the next recession will happen within the next year. If a recession were to occur soon, more than 2 in 5 businesses (44%) feel their company won’t survive much longer. 

Nevertheless, companies don’t appear poised to pump the brakes on hiring like in previous recessions. 30% will continue hiring but cut back on the volume of workers, while 27% anticipate extending offers as planned. 

For businesses that expect to continue hiring as planned if a recession were to happen (27%), 89% of those will be full-time positions, 30% part-time and 27% seasonal, temporary, or contract.

The survey of more than 1,000 U.S. hiring decision-makers was conducted in May.

Published: July 19th, 2022

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