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.
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