People Report Workforce Index Q1 2009
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Transcript of People Report Workforce Index Q1 2009
PEOPLE REPORT Q1
09
67.1 68.9 66.862.3 60.7
63.1
51.3
43.0
30
35
40
45
50
55
60
65
70
Q2 07 Q3 07 Q4 07 Q1 08 Q2 08 Q3 08 Q4 08 Q1 09
People Report Workforce Index: Q1 09
The overall reading of 43.0 was the first time the Index has dropped below 50, indicating industry contraction.
People Report Workforce Index: Q1 09
•Just 11% of companies reported an increase in employment at the management level in the final three months of 2008. 46% reported cutting jobs.
•Only 27% of companies reported adding hourly employees in Q4
•45% of companies posted a decrease in management turnover. 26% reported increases
•69% of companies saw decreasing hourly turnover rates
•40% of companies expect to reduce their hourly workforce with just 24% planning increases
Employment Levels
Employment Expectations
Turnover
Employment Levels
TurnoverEmployment Forecast
•Mgmt: 48% cut jobs, 10% added employees
•Hourly: Just 24% added employees
•Mgmt: 45% of companies experienced declines with another 20% holding steady
•Hourly: 65% of companies saw declines
•Mgmt: 60% of companies plan to maintain their current number of employees
•Hourly: 40% of companies plan increases, 40% decreases
Quick Service
Fast Casual/Family Dining
Employment Levels
TurnoverEmployment Forecast
•Mgmt: 44% of companies experienced declines with another 19% holding steady
•Hourly: 88% of companies saw declines
•Mgmt: 53% of companies plan to maintain their current number of employees. 13% expect cuts
•Hourly: 33% of companies plan increases, 33% decreases
•Mgmt: 33% cut jobs, 20% added employees
•Hourly: Just 20% added employees
Casual Dining
Employment Levels
TurnoverEmployment Forecast
•Mgmt: 59% of companies experienced declines with another 0% posting increases
•Hourly: 64% of companies saw declines
•Mgmt: 48% of companies plan to maintain their current number of employees, 26% expect cuts
•Hourly: 55% of companies plan staff reductions, 14% plan increases
•Mgmt: 48% cut jobs, 0% added employees
•Hourly: 45% held hourly levels steady, 32% made cuts
Fine Dining/High Volume
Employment Levels
TurnoverEmployment Forecast
•Mgmt: 34% of companies experienced declines with 34% posting increases
•Hourly: 65% of companies saw declines
•Mgmt: 44% of companies plan to maintain their current number of employees, 44% expect decreases
•Hourly: 19% of companies plan increases, 31% decreases
•Mgmt: 48% cut jobs, 19% added employees
•Hourly: 33% added employees, 22% reduced hourly levels
For more information, to request a free copy, or to participate in the People Report Workforce Index,
send an email to [email protected]