CareerBuilder's 2013 U.S. Job Forecast Points to a Better, But Still Cautious Hiring Environment

CareerBuilder's 2013 U.S. Job Forecast Points to a Better, But Still Cautious
                              Hiring Environment

PR Newswire

CHICAGO, Dec. 27, 2012

CHICAGO, Dec. 27, 2012 /PRNewswire/ -- 2013 is expected to usher in more jobs,
but U.S. employers will continue to play it safe, according to CareerBuilder's
annual hiring forecast. Twenty-six percent of hiring managers plan to add
full-time, permanent employees in the New Year, up three percentage points
over 2012. The study also points to heightened competition for high skill
labor and improved compensation trends.

The nationwide survey was conducted by Harris Interactive from November 1 to
November 30, 2012 and included more than 2,600 hiring managers and human
resource professionals and more than 3,900 workers across industries and
company sizes.

"More than 60 percent of employers reported that they are in a better
financial position than last year and more than 40 percent said their sales
increased over the last six months," said Matt Ferguson, CEO of CareerBuilder.
"While this bodes well for job creation, employers are still assessing the
implications of a weakened global market and a modest recovery at home. The
guarded approach to hiring that has been evident over the last few years was
sustained in part by concerns over the fiscal cliff during the time of the
survey. We don't expect 2013 to bring any big surprises in regard to
employment, rather it will continue on a path of stability and gradual growth
barring any significant economic disruptions."

Full-time, Permanent Hiring
While the number of employers who are adding headcount is trending up from
2012, so is the number planning to reduce staffs – reflecting a mix of
optimism and caution that has been characteristic of this recovery.
Twenty-six percent of employers expect to hire full-time, permanent employees
in 2013, up from 23 percent last year. Nine percent plan to decrease
headcount, up from 7 percent last year. Fifty-five percent anticipate no
change in their staff levels while 11 percent are unsure.

The top two positions companies plan to hire for in the New Year – Sales and
Information Technology - are also where employers expect to see the biggest
salary increases. Hiring managers plan to recruit full-time, permanent
employees for:

  oSales – 29 percent
  oInformation Technology – 27 percent
  oCustomer Service – 23 percent
  oEngineering – 22 percent
  oProduction – 22 percent
  oBusiness Development – 18 percent
  oAdministrative – 17 percent
  oResearch & Development – 15 percent
  oAccounting & Finance - 14 percent
  oMarketing – 14 percent

Temporary and Contract Hiring
More companies are turning to staffing and recruiting companies and temporary
workers to help meet increased market demands. Forty percent of employers
plan to hire temporary and contract workers in 2013, up from 36 percent last
year. Among these employers, 42 percent plan to transition some temporary
workers into full-time, permanent employees over the next 12 months.

Small Business Hiring
Fifteen percent of small businesses (500 or fewer employees) reported they
plan to take out new lines of credit in 2013. While small businesses are
showing more confidence in their hiring intentions, there are still concerns
over financial stability and market demand. Plans to hire increased at least
three percentage points across small business segments while plans to downsize
trended up the same amount.

  o50 or fewer employees– 19 percent plan to add full-time, permanent staff
    in 2013, up from 16 percent in 2012; 6 percent plan to reduce headcount,
    up from 3 percent last year.
  o250 or fewer employees– 24 percent plan to add full-time, permanent staff
    in 2013, up from 20 percent in 2012; 7 percent plan to reduce headcount,
    up from 4 percent last year.
  o500 or fewer employees– 24 percent plan to add full-time permanent staff
    in 2013, up from 21 percent in 2012; 7 percent plan to reduce headcount,
    up from 4 percent last year.

Hiring By Region
Similar to previous forecasts, the West and the South house the most employers
planning to recruit new employees over the next 12 months.

  oWest – 28 percent plan to add full-time, permanent staff in 2013, up from
    24 percent in 2012; 9 percent plan to reduce headcount, the same as last
    year.
  oSouth – 27 percent plan to add full-time, permanent staff in 2013, up from
    23 percent in 2012; 9 percent plan to reduce headcount, up from 7 percent
    last year.
  oMidwest – 24 percent plan to add full-time, permanent staff in 2013, up
    slightly from 23 percent in 2012; 10 percent plan to reduce headcount, up
    from 6 percent last year.
  oNortheast – 23 percent plan to add full-time, permanent staff in 2013, up
    from 21 percent in 2012; 10 percent plan to reduce headcount, up from 8
    percent last year.

Navigating the Skills Gap in 2013
There is an increasing number of areas where demand for skilled positions is
growing much faster than the supply. As companies work to remedy the
situation and get qualified talent in the door, workers should be on the
lookout for three trends in the New Year:

1.Employers Scouting Talent at Other Organizations
    Employers may come knocking, solicited or not. Nearly one-in-five workers
    (19 percent) reported they have been approached to work for another
    company in the last year when they didn't apply for a position with that
    organization. Sales workers were the most likely to report being courted
    at 33 percent, followed by 31 percent of Professional & Business Services
    workers and 26 percent of Information Technology workers.
2.More Employers Willing to Increase Compensation
    In an effort to retain and attract top talent for skilled positions,
    employers expect to provide higher compensation for both current staff and
    prospective employees. Seventy-two percent of employers plan to increase
    compensation for existing employees – up from 62 percent last year – while
    47 percent will offer higher starting salaries for new employees – up
    significantly from 32 percent last year. Most increases will be 3 percent
    or less.
3.Employers Creating the Right Candidate Instead of Waiting for One
    Employers are taking measures to "re-skill" workers themselves.
    Thirty-nine percent plan to train people who don't have experience in
    their particular industry or field and hire them for positions within
    their organizations, up from 38 percent last year.

*Totals may not equal 100 percent due to rounding or respondents being able to
choose more than one answer.

Survey Methodology
This survey was conducted online within the U.S. by Harris Interactive^© on
behalf of CareerBuilder among 2,611 hiring managers and human resource
professionals and 3,991 workers (employed full-time, not self-employed,
non-government) between November 1 and November 30, 2012 (percentages for some
questions are based on a subset, based on their responses to certain
questions). With pure probability samples of 2,611 and 3,991, one could say
with a 95 percent probability that the overall results have a sampling error
of +/- 1.92 and +/-1.55 percentage points, respectively. Sampling error for
data from sub-samples is higher and varies.

About CareerBuilder®
CareerBuilder is the global leader in human capital solutions, helping
companies target and attract their most important asset - their people. Its
online career site, CareerBuilder.com®, is the largest in the United States
with more than 24 million unique visitors, 1 million jobs and 49 million
resumes. CareerBuilder works with the world's top employers, providing
resources for everything from employment branding and talent intelligence to
recruitment support. More than 10,000 websites, including 140 newspapers and
broadband portals such as MSN and AOL, feature CareerBuilder's proprietary job
search technology on their career sites. Owned by Gannett Co., Inc.
(NYSE:GCI), Tribune Company and The McClatchy Company (NYSE:MNI),
CareerBuilder and its subsidiaries operate in the United States, Europe, South
America, Canada and Asia. For more information, visit www.careerbuilder.com.

Media Contact
Jennifer Grasz
773-527-1164
Jennifer.Grasz@careerbuilder.com
http://www.twitter.com/CareerBuilderPR

SOURCE CareerBuilder

Website: http://www.careerbuilder.com
 
Press spacebar to pause and continue. Press esc to stop.