01.11.09

Cheezhead sees more Online Recruiting Layoffs

Posted in Uncategorized at 5:53 pm by Jobblogger

According to Cheezhead – salary.com lays of 16% of workforce

“… The biggest hit to the company economically has apparently come in the form of lessened demand for their enterprise solution, which enables employers to access salary data across specific jobs. Obviously, if employers aren’t hiring, they aren’t going to be too concerned about salary data.

The company’s consumer play, which allows anyone to access salary data, was less of a factor, according to a source. However, it likely played an important part. Services like Payscale, for example, have crippled Salary.com’s ability to partner with job boards and others which drive revenue. HotJobs dumped Salary.com for Payscale back in September 2008, for instance.”

Meanwhile, last month the ax fell hard at careerbuilder and the ax all fell at Kronos with Kronos slashing 8 percent of workforce

“… Kronos Inc., a software company that makes electronic time clocks and workforce management software, has announced that it cut 8 percent of its staff.

Kronos employs around 3,300 workers globally, so the tally would be about 260 jobs eliminated. About 100 people were let go at their Chelmsford, Massachusetts hub.”

Cheezhead’s 2009 predictions for the Employment Industry were rather ugly in predicting many, many layoffs with ..

“…. With growing economic challenges in the employment sector, layoffs are inevitable. I’m particularly surprised Monster has yet to follow the CareerBuilder layoffs from December … A stagnant stock price, a not-so-sexy relaunch and acquisitions that didn’t exactly turn out the way they had planned all point to Monster replacing Sal by year’s end.”

However, the picture isn’t entirely bleak with 2009 hiring predictions from Cheezhead as  more than half of the employers surveyed plan no changes at all this  year.

“….14 percent of employers plan to increase permanent employees, compared to 32 percent this year. About 16 percent of employers plan to decrease staff numbers next year, 56 percent are planning no change and 13 percent are unsure.

For part-time hiring, 8 percent of employers plan to increase their staff, a decrease from 21 percent this year. Also, 14 percent of employers plan to cut jobs, 62 percent expect no change and 15 percent are unsure.”

However, if you look back at  Cheezhead’s  2008 predictions almost all of them (except the real easy ones – like their will be a recession, etc) were wrong.  True, 2009 is turning out to be more predictable based on the current Economic meltdown that, like an iceburg, is impossible to avoid, it’s also true that no one knows what will happen later this year anymore than anyone knows for sure what will happen, tomarrow – so there is hope.

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