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Directors see employment growth, staff await cuts

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Company directors and employees have vastly different views on the prospects of the job market, two surveys show.

A survey of 300 multinational company directors found the number of permanent job vacancies was poised to increase for the January-March quarter, while another survey found most employees expected the jobless rate to soar.

Job agency Morgan & Banks found 25.2 per cent of directors expected to increase staff numbers, with only 17.4 per cent expecting otherwise.

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More than 30 per cent said they would maintain current staff levels and close to 66 per cent said they would retain 70 per cent of employees.

In a separate survey of 589 employees, 68 per cent expected unemployment to increase this year, rising from 64 per cent the previous year.

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Marketing Decision Research conducted the survey for the Gallup International End-of-Year Poll last month.

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