60 Percent of Employers Plan to Hire Full-time, Permanent Employees in the Second Half of 2017
7/19/2017, noon | Updated on 7/19/2017, noon
60 Percent of Employers Plan to Hire Full-time, Permanent Employees in the Second Half of 2017 CHICAGO and ATLANTA - Are you one of the 27 percent of workers who plan to change jobs in the back half of the year? The odds of landing one – and getting paid more - are in your favor, according to CareerBuilder’s 2017 Midyear Job Forecast. The nationwide study reveals a significant year-over-year jump in the percentage of companies hiring full-time, part-time and temporary or contract workers from July 1 through December 31. More than half of employers anticipate offering higher starting salaries for new employees and the majority indicates that bigger paychecks won’t just be for high-skilled workers, they will extend to entry-level workers as well. In the second half of 2017:
60 percent of employers plan to hire full-time, permanent workers, up from 50 percent last year
36 percent of employers plan to hire part-time, permanent employees, up from 29 percent last year
46 percent of employers plan to hire temporary or contract workers, up from 32 percent last year
“Events dominating national headlines have had a polarizing effect in the U.S., but most employers remain confident in their outlook for financial growth and plans for hiring,” said Matt Ferguson, CEO of CareerBuilder and co-author of The Talent Equation. “Job seekers stand to benefit not only from having more options, but also from the growing
intensity in the competition for talent. Employers are moving quickly to recruit candidates and they are willing to pay more across job levels. They are also placing a greater emphasis on candidates having a positive experience when they apply to their firms. The current climate puts job seekers in a more
The national surveys, which were conducted online by Harris Poll on behalf of CareerBuilder from May 24 to June 16, 2017, included representative samples of 2,369 hiring managers and human resource managers and 3,642 full-time U.S. workers across industries and company sizes in the private sector.
How much of a pay increase can new and current employees expect? Looking at a subset of human resources managers, 72 percent feel they have to start paying higher wages because the market has become increasingly competitive for talent. The majority say this also applies to entry-level workers: 24 percent say they have to pay more even if the entry-level worker has no college or training 17 percent say they have to pay more, but only if the entry-level worker has a college degree 19 percent say they have to pay more, but only if the entry-level worker has at least some college or training Among all employers (hiring managers and human resources managers), 53 percent report they plan to offer higher starting salaries for new employees over the next six months, a big jump from 39 percent in the same period last year. Nearly one third (32 percent) plan to increase starting salaries on job offers by 5 percent or more. Twothirds of employers (66 percent) plan to increase compensation for current employees before year end and 34 percent anticipate an increase of 5 percent or more. What are the hot areas for hiring?