CFODailyNews.com » Why firms should care laid off are finding work

Why firms should care laid off are finding work

August 21, 2009 by Jared Bilski
Posted in: Benchmarking, Economy, In this week's e-newsletter, Latest news & views, Management issues

Thinking about snatching up some of the talent that’s been displaced during the recession’s record layoffs? Research suggests you may want to act fast. 

Almost half (48%) of the workers who were laid off from their full-time job in the past three months have found new, full-time work — up from 41% in March.

That’s according to recent CareerBuilder survey of 921 employees who were laid off from full-time jobs within the last 12 months.

Another 3% of laid off workers found part-time work, which is down from 8%.

The CareerBuilder survey also looked at a variety of characteristics about the workers returning to work, including changes in pay, changes in industry and field, and relocation.

The chart below has a detailed breakdown:

cfodaily_chart59

With such a large pool of highly skilled employees out of work, experts suggest any companies that are in a position to add staff should do so now — before the economy rebounds and they have to compete with many other firms.

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