More than 60% of business executives believe that their workforce in the U.S. will stay the same or decrease in the year ahead. Only 38% foresee job growth and those that do generally predict modest growth in the 1-5% range. Also noted, internal reorganization and economies, along with reduced demand, are cited as the reasons for job contraction. However, in spite of the lack of robust job creation, respondents believe that nearly 90% of their organizations will offer raises in 2003 and more than two-thirds will provide promotions and bonuses.
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Human Resource Management
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