Reflecting a strong economy, 21 percent of credit execs expect to add staff this year, compared to only 9 percent who expect to downsize, according to Credit Today's Salary & Job Satisfaction Survey. Data shown below are in percentage terms.

Source: Credit Today 2007-2008 Salary & Job Satisfaction Survey

Major Trends

Consumer products manufacturers appear much stronger than industrial products manufacturers, as two and a half times more consumer products manufacturers expect to add credit staff than downsize, while more industrial manufacturers are expecting to downsize than add staff.

As might be expected, the energy sector is very strong, with none expecting to downsize and more than 25 percent of respondents expecting to add staff. The same strong trends show up in the service and financial sectors, with five times more respondents expecting to add staff than downsize.

The table below gives the number of companies in each line of business who feel they will add staff, stay the same, or downsize.

Which Best Describes Your Outlook on Staffing for the Coming Year?

Source: Credit Today 2007-2008 Salary & Job Satisfaction Survey

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