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2 in 5 Employers Plan to Hire Full-time, Permanent Employees in 2017

January 9th, 2017 Comments off
2 in 5 Employers Plan to Hire Full-time, Permanent Employees in 2017

The hiring outlook for 2017 is the best the U.S. has seen in a decade, according to CareerBuilder’s annual job forecast.

As many as 2 in 5 employers (40 percent) say they will hire full-time, permanent employees this year, while 3 in 10 intend to hire part-time, permanent staff. Additionally, half of all employers say they plan to bring temporary or contract workers on board within the same time period.

What Does This Mean For You?

According to Matt Ferguson, CareerBuilder’s CEO and co-author of The Talent Equation:

Three in four employers reported that they are in a better financial position than they were a year ago, which is instilling more confidence in adding people to their payrolls. Following a divisive election season, employers are entering the New Year with a watchful, yet optimistic approach. One of the key challenges for employers will be bridging the talent gaps within their own organizations by either offering better wages or by helping to reskill and upskill workers.

Are you taking necessary steps to bridge the talent gap at your organization? For starters, focus on being competitive with wages. As many as 2 in 3 employers said they intend to increase salaries when extending initial job offers — nearly a third of them said it would increase by 5 percent or more.

Also, while you don’t necessarily have to overlook experience or “settle” for a less-than-perfect candidate, try to keep an open mind to training and developing workers who do not already have the breadth of skills your open positions require.

Learn more about CareerBuilder’s annual job forecast by downloading the full report.

Tweet at @CBforEmployers: Are you looking for a new job in 2017? Which of these trends do you find most useful to know going into your job search?

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Staying Strong: Findings from CareerBuilder’s Q4 Forecast

October 6th, 2016 Comments off
Staying Strong: Findings from CareerBuilder’s Q4 Forecast

Each quarter, CareerBuilder surveys employers from across the country to determine hiring trends for the next three months. As we approach the holiday season and a new year, the latest forecast also includes a heavy focus on seasonal, or temporary, hiring.

The good news is: All signs point to continued strength in the hiring market. The study found that 34 percent of employers plan to make permanent, full-time hires over the next quarter; and 33 percent plan to add more seasonal/temporary workers in the same time frame.

“Overall, permanent and seasonal hiring in the fourth quarter will be on par with last year, with one-third of employers planning to add staff in either category,” said Matt Ferguson, CEO of CareerBuilder and co-author of The Talent Equation. “However, campaigns for a higher minimum wage, paired with a tighter labor market for lower-skill and semi-skill jobs, is giving job seekers more of an edge when it comes to compensation. Wage growth, while still a serious concern, will likely see a lift in the coming months.”

Let’s take a look at some other highlights.

Wages on the incline

Not only are nearly half of employers (47 percent) planning on increasing wages, but the wages themselves are also climbing. Of those hiring seasonal workers in Q4, 75 percent will pay $10 per hour or more (up from 72 percent last year), and 28 percent expect to pay $16 or more per hour, up a whopping 9 percentage points from last year.

Retail is slowing, but still growing

Possibly the largest employer of seasonal workers in Q4 is the retail industry. However, as the talent market continues to be competitive and the push for higher wages spreads, retail is also experiencing a greater change than other industries.

Forty-nine percent of retailers plan to grow their seasonal workforce, a number that is down from 53 percent in Q4 last year. However, workers that do find these jobs can also expect higher wages than last year. More than half of employers (53 percent) will offer new seasonal hires wages of $10 per hour or more – up from only 43 percent last year.

West is best

If you’re looking for warmer weather and a seasonal or full-time job in Q4, the Western region of the U.S. is on the right track. About 2 in 5 employers in the West report that they plan on hiring both permanent and temporary workers (39 percent and 40 percent, respectively) over the next three months.

On the other hand, even the region with the lowest numbers – the Midwest – project growth in both categories. Nearly 3 in 10 organizations plan to hire workers for jobs that are either full-time (29 percent) or seasonal (27 percent).

Click here to download the full report.

69% of Employers Plan to Increase Salaries in Q2

April 4th, 2016 Comments off

CareerBuilder’s Q2 2016 U.S. Job Forecast revealed that the U.S. job market can plan for another successful quarter of growth. A survey of over 2,000 hiring managers and HR professionals found that 69 percent of employers plan to increase compensation during the next three months; 25 percent expect that increase to be at least 5 percent, and 44 percent say this salary increase will be 4 percent or less.

However, not every employer is planning a raise for employees – 2 percent expect a decrease and 29 percent say they will either stay the same or don’t know yet.

CareerBuilder also found that over a third of surveyed employers plan to hire more permanent or temporary staff during Q2 2016 (34 percent and 37 percent, respectively).

Matt Ferguson, CEO of CareerBuilder and co-author of “The Talent Equation,” says, “The vast majority of companies are either maintaining their headcount or adding new employees at various skill levels. This is promising news for college students approaching graduation and seasoned workers who want to re-enter the workforce or change jobs.”

What does this mean for you?

As more jobs are added in the marketplace, and a majority of employers plan to increase wages, competition for quality talent will continue to grow as well. Twenty-five percent of surveyed employees say they plan to change jobs this year, so keeping the talent you have should also be a main goal.

Labor market data can help you keep track of average salary ranges and workforce growth for jobs and geographic markets for which you hire.

Contact your CareerBuilder sales representative to discuss data tools that can help your business prepare for growth, like Emsi Analytics and Talentstream Supply & Demand. Don’t forget to ask about our suite of College Recruiting solutions to help make an impact on campus.

1 in 4 Workers Plan to Change Jobs This Year, Latest Job Forecast Finds

March 31st, 2016 Comments off
career concept, business background, man looking at office buildings

CareerBuilder released its most recent job forecast today, which found that 25 percent of workers plan to change jobs this year. Good timing, too: 34 percent of employers are planning to hire full-time, permanent employees over the next three months. Even more — 37 percent — plan to hire temporary or contract workers.

The outlook isn’t just good news for those who want to change jobs, but also for college students on the cusp of graduation as well as those who want to re-enter the workforce. According to Matt Ferguson, CEO of CareerBuilder and co-author of “The Talent Equation.”

Overall, U.S. job growth has been consistent despite volatility in the stock market and weaker performances in global economies. The vast majority of companies are either maintaining their headcount or adding new employees at various skill levels.

CareerBuilder surveyed more than 2,000 hiring managers and human resource professionals and more than 3,000 full-time employees nationwide for its latest forecast, which also looked at past hiring trends. According to the forecast, hiring in the first three months of 2016 outperformed the same period in 2015, with 37 percent of employers hiring full-time, permanent employees – up from 35 percent last year. 

Permanent Hiring in Q2 Expected to Outperform Last Year

Looking ahead, 34 percent of employers plan to add full-time, permanent staff in the second quarter, up from 32 percent last year. Seven percent expect to decrease staff, down slightly from 8 percent last year. Fifty-five percent anticipate no change while 5 percent are undecided.

The industries expected to match or exceed the national average in permanent hiring include health care, financial services, leisure and hospitality, and information technology.

Temporary Hiring Still Going Strong

Temporary employment is expected to remain strong, with 37 percent of employers planning to hire temporary or contract workers this coming quarter, on par with 2015. And in many cases, a “temporary” status may in fact be temporary: 33 percent of employers plan to bring temporary or contract workers on full time.

Hiring By Company Size

It isn’t just large organizations that are adding staff at a faster rate than last year, either. Hiring plans for small- and medium-sized businesses are also up, while plans to reduce headcount are not:

  • Small businesses (50 or fewer employees) – 24 percent plan to increase the number of full-time, permanent staff in Q2, up from 23 percent last year; those reducing headcount remained at 4 percent
  • Medium businesses (250 or fewer employees) – 29 percent plan to increase the number of full-time, permanent staff in Q2, up from 27 percent last year; those reducing headcount remained at 6 percent
  • Large businesses (more than 500 employees) – 41 percent plan to increase the number of full-time, permanent staff in Q2, up from 38 percent last year; those reducing headcount decreased from 9 percent last year to 8 percent.

 

Salaries Also On the Upswing

Headcount isn’t the only thing increasing this quarter. Perhaps in an effort to attract increasingly in-demand talent, employers are bumping staff salaries this quarter: 25 percent of employers expect to boost salaries by at least 5 percent, and 44 percent anticipate an increase of up to 4 percent. Only 2 percent expect a decrease, while 4 percent are undecided.

Want to stay ahead of the latest hiring trends? Download CareerBuilder’s free Recruitment Strategy Guide.

47% of Employers Plan to Add Temporary or Contract Workers in 2016

January 25th, 2016 Comments off

While certain trends are decidedly “out” for 2016, temporary and contract hiring is most definitely still “in.”

According to CareerBuilder’s 2016 job forecast, 47 percent of employers report they will add temporary or contract workers this year, up slightly from 46 percent last year. Of these employers, 58 percent plan to transition some temporary or contract workers into permanent roles in 2016.

WHAT DOES THIS MEAN FOR YOU?

In this recovering yet still delicate economy, many employers have been relying on temporary hiring, which allows for a more flexible workforce — one that can be staffed up or staffed down depending on the state of the business.

If you’ve ramped up your temporary or contract hiring recently with the goal of eventually hiring some of those workers full time, be sure to think long term when screening candidates. Look for candidates who are not only “Mr. Right Now” but could eventually be “Mr. Right.” And make sure to ask them about their employment goals. If they aren’t looking for anything other than a temporary position, you should know that upfront so you don’t invest in someone who doesn’t have long-term potential.

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