U.S. Businesses Ready to Grow, but Not Ready to Hire

Thursday, February 11th, 2010

Some of the top executives in America stated in a recent survey from the Business Council that they are starting to look to ways to grow their companies, but expansion which would result in hiring isn't something they think will happen any time soon.

Rather then expand existing business out, the business leaders said they believe job growth will come from new industries they aren't aware of yet. In other words, there won't be much more than hiring to replenish the usual attrition associated with the particular industries they're in.

The findings of the semi-annual survey aren't that encouraging, as the former survey had more of an upbeat outlook, while now it's pretty much considered a time of leveling off for U.S. businesses in hiring. One good sign was the executives, for the most part, didn't think there would continue to be mass layoffs going forward.

Recently executives asked about the unemployment rate for 2010 said they see it hovering between 9.6 to 10 percent.

The really bad news was while they are looking for ways to grow their companies again in moving out of their defensive posture, the business leaders said that they're looking for "markets outside the U.S." as their priority.

Article by Gary B

The views expressed are the subjective opinion of the article's author and not of FinancialAdvisory.com

Tags: business , hiring , human resources

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