After two years of widespread downsizings in the region most companies in the Northeast foresee few or no staff cutbacks in the year ahead, according to a survey by Manpower Inc.’s Right Management unit.
Right surveyed more than 700 firms across the U.S., including 71 in the northeast. The regional data closely mirror the national findings.
Just six percent of employers regionally and five percent nationally anticipate significant cutbacks or restructurings, said Joe Johnson, Right Management’s talent management practice leader for the Northeast region.
“For the past couple of years, organizations have cut costs and laid off staff,” Johnson said. Â “Most organizations have very little, if anything, left to cut. They’re at a point where they need to make a greater investment in talent to ensure strategic viability. An organization’s people are, in the end, the only differentiator that may be sustained.”
