More By This Author

Higher ed: Cash course

As public universities secure less money from the state, they're hunting for new sources of revenue

Work in Progress

2010 could bring uptick, but most companies are in no hurry to hire

Executive education: Back to school

Sluggish economy prompts renewed interest in higher education as unemployed workers retool their careers and professionals upgrade their skills

Long, strange trip for Frontier

Airline eyes return to upright position after profitable quarter

Business survival 101

Control costs and look for new opportunities in down market

Current Issue

 
Posted 01.01.2010

Work in Progress

2010 could bring uptick, but most companies are in no hurry to hire

By Nora Caley
 

If the recession is over, can jobs be far behind? Many laid-off workers hope the news about the economy improving means work will follow.


Employers say they are at least thinking about adding staff in the new year, but many don’t want to say how many they’re hiring or how they’re screening all those resumes. Human resource experts say some industries are indeed adding staff, but the unemployment rate won’t improve quickly.


“The story for 2010 is that the overall monthly employment patterns appear to be returning to normal,” says Gary Horvath, managing director of the business research division of the Leeds School of Business at the University of Colorado at Boulder. He says the normal pattern is that employment falls to its lowest rate in the first quarter of the calendar year, then increases through the summer and into the fourth quarter, especially during the retail season.


That steady increase didn’t happen in 2009. According to the Colorado Department of Labor and Employment, Colorado lost 100,600 jobs from October 2008 to October 2009. But here’s a sliver of good news: From September 2009 to October 2009, 1,000 jobs were added.


Horvath has more positive news. Although the recession touched most industries, government and health care remained mostly unscathed. He says if a federal healthcare bill passes, that will add jobs not only in clinical areas but in collections and IT.


WorkinProg_WinterPark_lg.jpg

WHERE THE JOBS ARE


Chris Akers, a statistician in the Labor Market Information Office with the Colorado Department of Labor and Employment, says job growth in Colorado is flat. He agrees that health care and government are the bright spots. Citing October 2009 preliminary data, Akers says health care and social-assistance employment grew by 6,400 workers or 2.9 percent compared to October 2008. Employment in ambulatory health care grew by 3,000 workers (3.3 percent), nursing and residential care facilities added 1,200 jobs (3.2 percent), social assistance added 1,200 (3.1 percent) and hospitals added 1,000 (1.8 percent).


Educational services in private education grew by 700 jobs, or 2.3 percent, and government employment rose by 6,200 workers or 1.6 percent.


Darryl Hoogstrate, chief operating officer and co-founder of the technical recruiting firm The Innovar Group, says most of the activity he’s seeing is in federal government contractors, health-care services, medical devices and renewable energy.


“We are also seeing a good amount of activity in services companies, especially in hiring of salespeople, who are preparing for an upturn in 2010,” he says. “We are also beginning to hear about pent-up demand for IT employees, as hiring has been on hold for the past couple of years.”


Karen Policastro, regional vice president of the staffing firm Robert Half International, says when hiring managers begin to hire again, they will look for workers in technology, sales and customer service. “We are not prepared to say the worst is behind us, but we have begun to see a little bit of an uptick.”


Mark Danielson, president of Danielson Designs Ltd. in Trinidad, says the gift manufacturer recently hired a manager and hopes to hire people in IT, marketing and graphic design. In this economy, he says, a business has two options. “You can hunker down and try to spend as little as you can and just hope it passes, or you can say, ‘How are we going to grow and find new customers? How are we going to be the one that survives?’”


Even banks are hiring. Or at least one bank is. In November, JPMorgan Chase & Co. announced it plans to hire 1,200 mortgage officers nationwide in 2010. Chase recently opened its 123rd location in Colorado, creating job expectations.


“Based on expansion plans in branch, small business and mortgage businesses, we will be recruiting more than 75 new colleagues in Colorado,” says Mary Jane H. Rogers, who handles media and government relations for the New York-based bank.


Last updated on Jan 14, 2010 at 04:10 PM

Readers Respond

Leave a comment

Commenting is not available in this section entry.

ColoradoBiz TV

Get the Flash Player to see this player.

[+] View Full Size

 

Featured Video