This year, 51% of employers say they plan to hire while 31% say they anticipate keeping their employment levels steady, according to the Employee Engagement and Turnover Trends Report by TalentKeepers.
Meanwhile, only 19% of respondents say they expect to make staff cuts this year.
"Over a four-year period, companies reported a consistent decline in plans to downsize or reduce staff, from 43% in 2010 down to 19% for 2013," said Christopher Mulligan, CEO of TalentKeepers. "Also, more companies are stabilizing major business strategies as well as human resources practices, such as compensation and benefits, showing less urgency to react to changes in the economy, and a greater focus on executing current plans.”
The report, which looks at key trends in employee retention, engagement and talent management practices, finds that 11% of respondents say they expect to make significant hiring increases this year. Additionally, more respondents say they consider employee engagement metrics a critical data component to guiding business growth. In fact, many respondents even formally connect talent engagement metrics to key performance indicators.
The 2013 report also recognizes the top 10% "Best in Class" organizations and examines how they engage and retain valued employees while helping them succeed in their roles. A number of talent management issues are covered in the report, which will be available in early April, the company said.
This article was originally posted at BenefitsPro.com, a sister site of Credit Union Times.