44 Percent U.S Employers Plan to Add More Full-time and Permanent Employees in the New Year

January 16, 201812:51 pm674 views

The latest CareerBuilder’s annual forecast revealed that 44 percent employers intend to hire more full-time and permanent employees in 2018, while the other 51 percent will bring in temporary workers.

While this might sound like a good job opportunity for jobseekers out there, however, the problem lies in the fact that filling those roles with new hires is not as simple as posting a job opening. As much as 45 percent HR managers said they cannot find qualified talents, and another 58 percent reported that they have jobs that stay open for 12 weeks or longer. At the same time, employers will have to face challenge in employee retention, as 40 percent workers are predicted to change jobs in the new year.

CEO of CareerBuilder, Matt Ferguson stated that more job creation with higher voluntary employee turnover, as well as intensified competition for talent will be the main themes surrounding employment this year. Low unemployment paired with lagging labor force participation and a growing skills gap has made it hard for businesses to find qualified candidates for all types of roles.

“If employers want to remain competitive, they are going to have to look to new talent pools and significantly increase their investment in training workers to build up the skills they require,” he added.

The report also revealed five key employer trends to watch in 2018, including the need for organisation to capture new potential talents early – as early as courting college students before they are graduating from school. Employers should consider importing talents, too. In today’s globalised world, employers will be looking beyond the borders to find suitable talents, with 23 percent planning to hire workers from other countries.

Re-engaging past employees is also among top employer trend this year, as 39 percent employers plan to outreach and hire their former employees. Then, hiring for potential will be a norm. Employers will opt to hire and train low-skill workers who might not have experience but showcase good potential. And at last, employers will need to boost compensation to attract in-demand workers.

See: Singapore’ IT Jobseekers Identified as the Most Honest Candidates Globally: Survey

When it comes to sectors who will see high-demand of new employees, functions such as customer service, sales, information technology and production will be employers’ top their list for full-time and permanent hiring in 2018. However, there are also other key areas that will see high volume of hiring, including skilled labour (30 percent), data analysis (25 percent) and digital marketing (17 percent), cybersecurity (15 percent), automation (12 percent), as well as artificial intelligence and machine learning (10 percent).

Besides full-time and permanent employees, there will also be an increasing number of temporary and contract hiring. As companies work to maintain flexibility in their workforce while doing test-drive candidates before giving them permanent roles, temporary labour will be on the rise. The study found that 51 percent employers plan hire temporary or contract workers in 2018, on par with last year. Meanwhile, 64 percent of these employers plan to transition some temporary or contract workers into permanent roles in 2018.

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