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TMP Worldwide Executive Search Releases Study on 2003 Hiring Outlook for Technology Sector
November 19, 2002 |Estimated reading time: Less than a minute
New York -- TMP Worldwide Inc. has released the findings of a recent study polling senior U.S.-based human resources executives in the technology industry.
The results suggest the layoffs that have rocked the technology sector over the last few years may have run their course, and that many companies plan to begin selectively hiring over the next 12 months.
Conducted by TMP Worldwide's Executive Search division, the survey set out to quantify hiring plans for 2003, elicit views on how the hiring landscape has changed, and identify what trends are likely to drive hiring in the near future.
It found that respondents are anticipating, on average, a relatively modest headcount increase of 3.7 percent over the coming year. The bulk of the hiring is expected to take place in the professional ranks. Additionally, the survey also found that for every company planning to decrease headcount over the next year, four companies plan to increase their staff.