Hiring Forecast Remains Strong for Q2

25 percent of employees plan to change jobs in 2016

By Roy Maurer Apr 11, 2016
LIKE SAVE PRINT
Reuse Permissions

The positive hiring trend seen over the last six years is forecast to continue, according to recently released labor market outlooks for the second quarter of the year.

CareerBuilder’s Q2 2016 U.S. Job Forecast shows that 34 percent of employers plan to add full-time employees over the next three months and 37 percent plan to hire temporary or contract workers. CareerBuilder also found that 25 percent of workers plan to change jobs this year.

The national survey was conducted among 2,000 hiring managers and human resource professionals and more than 3,000 full-time employees across industries in the private sector between February and March.

“Overall, U.S. job growth has been consistent despite volatility in the stock market and weaker performances in global economies,” said Matt Ferguson, CEO of CareerBuilder. “The vast majority of companies are either maintaining their head count or adding new employees at various skill levels.” Ferguson added that the positive forecast is promising news for college students approaching graduation and for individuals who want to re-enter the workforce or change jobs.

The latest Manpower Employment Outlook Survey, released by ManpowerGroup, corroborates the CareerBuilder findings, indicating stable hiring plans among U.S. employers over the next quarter. The survey of 11,000 employers showed that 22 percent anticipate increasing staff levels during that time, a 2 percent increase from the first quarter of the year. Four percent of employers expect workforce reductions, and 72 percent expect no change in hiring plans. The final 2 percent are undecided about their hiring intentions.

“The U.S. labor market is strong compared to the global situation, with the economy still generating a sufficient number of jobs to keep the unemployment rate down,” said Kip Wright, senior vice president, Manpower North America.

According to the CareerBuilder report, certain industries are expected to match or exceed the national average for adding full-time head count in the second quarter. Employers in the health care sector are likely to lead the way, with 44 percent planning to increase staff size, followed by employers in financial services (42 percent), leisure and hospitality (41 percent), and information technology (40 percent).

Employers in the Manpower outlook also showed strong hiring intentions in the leisure and hospitality field, along with those in retail, transportation and professional business services.

Among employers in the 100 largest metropolitan statistical areas, the strongest job prospects are expected in Charlotte, N.C.; Omaha, Neb.; Albany, N.Y.; and Boise, Idaho.

The weakest outlooks are projected in Youngstown, Ohio; Akron, Ohio; Baton Rouge, La.; and Las Vegas.

It’s not just large organizations adding staff. According to CareerBuilder, 24 percent of small employers (50 or fewer workers) plan to hire full-time staff, 29 percent of midsize organizations (250 and fewer employees) anticipate hiring, and 41 percent of employers with more than 500 workers plan to increase staff size.

Salaries Headed Up?

One-quarter of employers told CareerBuilder they plan 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.

Roy Maurer is an online editor/manager for SHRM. Follow him @SHRMRoy

LIKE SAVE PRINT
Reuse Permissions

MEMBERSHIP

Become a SHRM Member

Join/Renew Today

Job Finder

Find an HR Job Near You

SPONSOR OFFERS

Find the Right Vendor for Your HR Needs

SHRM’s HR Vendor Directory contains over 3,200 companies

Search & Connect