Pauls Valley, OK, Pauls Valley Democrat

Job News

January 3, 2011

2011 Employment and Salary Outlook

(Continued)

. — Poor Hiring Outlook for Some Sectors

However, the hiring outlook for some industries will continue to be bleak throughout 2011.



The construction industry has shed millions of employees -- from unskilled laborers to highly skilled architects and engineers. “We’ve bottomed out in housing,” Michael says. “We’ll see some job growth [there] in 2012 and 2013. But the pool of unemployed workers with construction skill sets is so large that even double-digit growth won’t be sufficient to mop up the pool of unemployed laborers.”



Foster advises staying away from traditional construction and manufacturing, as well as production jobs in utilities and transportation.

Salary Projections for 2011

Reports from a number of salary experts, including Aon Hewitt, indicate that while companies plan to increase their overall salary budgets by 2.8 percent in 2011, they won’t be spreading the wealth evenly.



“Most organizations still seem to be focused on ensuring that the increased dollars are spent wisely,” Szypko says. “Getting an increase is no longer an entitlement. Getting a bonus is no longer an entitlement. If you want a raise or a bonus you need to move into the upper echelon of performers within your organization.”

Unemployment Extension

If you’re currently unemployed, there is one ray of sunshine for you in 2011: Congress voted to extend unemployment benefits through the year.

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