Sixty-six percent of senior executives say the jobs bill would not be a hedge against global economic trends, such as Europe’s unpredictable economy, according to Korn/Ferry International, a global provider of talent management solutions.
Still, 67 percent of respondents say hiring in the local government is heading in the wrong direction. Only 20 percent of respondents do not think local government hiring is going in the wrong direction while 13 percent have no opinion.
The survey also shows that 71 percent of respondents say improving jobs in the construction sector is an important way to better the U.S. economy. Twenty-one percent of respondents disagree, and 8 percent of respondents hold no opinion.
"These results pinpoint the confusion in the marketplace,” says Gary Burnison, CEO of Korn/Ferry.
“On one hand, executives do not think a jobs bill can counteract the impact of the faltering European economy. Yet, on the other hand, executives believe that state and local hiring is going in the wrong direction. The confusion is understandable, though," he explains. "While a jobs bill can stimulate public sector jobs, executives do not think it can do enough to truly impact the economy. Plus, the fact that executives believe there is a strong need to increase construction jobs indicates that they think we need to invest in infrastructure — yet it is still not enough to solve the present economic woes."