Silicon Valley Employers Anticipate Hiring Increase in Q1Jan 18, 2010: SILICON VALLEY EMPLOYERS ANTICIPATE HIRING INCREASE IN Q1
Number of employers planning to increase hiring in 2010 continues to rise
SUNNYVALE, CA (January 18, 2010) – The greater part of Silicon Valley employers anticipate their hiring needs remaining steady or increasing in Q1, according to the West Valley Staffing Group Economic Forecast Survey.
West Valley Staffing Group (WVSG) surveys a range of hiring managers throughout Silicon Valley each quarter about their upcoming hiring needs. The hiring managers come from many industries, including high tech, medical, energy, finance, semiconductors, and manufacturing, etc. Each participant was asked, "Do you expect your hiring needs to increase, remain steady, or decrease in the next quarter and beyond?"
The vast majority (91%) of the companies surveyed believed their hiring will either remain steady or increase in Q1, compared to 70% last quarter, which is a significant increase of 30%! Only 9% said their hiring may decrease this quarter, a massive improvement from 30% last quarter.
“Many signs indicate that the economy is beginning to improve,” says Mike Williams, President and CEO of West Valley Staffing Group. “Compared to this time last year, 75% more companies are reporting their hiring will either remain flat or increase in Q1. We’re heading in the right direction, though many companies still remain cautious in regards to their hiring.”
For additional information about the statistics above, or to participate in the next Silicon Valley Economic Forecast Survey, call us at 408.735.1420 or visit us online at www.westvalley.com.
West Valley Staffing Group (WVSG), an independent and privately owned staffing agency, brings over 42 years of experience providing comprehensive staffing services and solutions - through four specialty companies. Established in 1968 as West Valley Engineering, the company was one of the first in the valley to offer temporary technical services to Silicon Valley companies. In 1984, Prostar Staffing was founded to provide clerical and administrative personnel to the growing number of companies in the area. In 1995, West Valley Technology and Accountants Now! were founded to satisfy the demand for specialized information technology and accounting professionals, respectively. Today, all four companies fall under the umbrella organization, WVSG, which has offices in Sunnyvale, Pleasanton, and beyond.
West Valley Staffing Group conducts extensive research on hiring and employment trends through our ongoing surveys of executives and hiring managers. Please contact Mary Tran for more information:
West Valley Staffing Group
390 Potrero Avenue
Sunnyvale, CA 94085
Media Contact: Mary Tran
(408) 735-1420 ext. 3023