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New study looks at the post recession job market

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Job hunters take heart, a new survey from CareerBuilder and Robert Half shows businesses are looking forward and making plans for the time when the recovery begins - including the need to make sure they're prepared for the upturn. The survey shows where employers are headed with post recession hiring. According to the survey, managers are planning to hire a combination of workers to support both thier long- and short-term projects. Fifty-three percent of employers expect to hire full-time employees over the next 12 months, while 40 percent will hire contract, temporary or project professionals and 39 percent will add part-time employees.

Other key survey findings include:

  • In the next 12 months, more than half of employers polled plan to hire full-time employees, four in 10 will hire contract, temporary or project workers, and four in 10 will hire part-time employees.
  • Technology, customer service and sales are the top three areas in which employers expect to add jobs first once the economy rebounds.
  • The average time to fill open positions, depending on the job level, is 4.5 to 14.4 weeks, the same time range as last year.
  • Despite an abundant labor pool, six in 10 employers are willing to negotiate with qualified candidates for higher compensation.
  • Four in 10 employers expect the American Recovery and Reinvestment Act of 2009 to create jobs in their organizations over the next two years.
  • More than half of employees polled plan to make a career change or go back to school when the economy recovers.
  • Forty percent of hiring managers said that when the economy improves, giving pay raises will be their primary method for retaining top performers.
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