2014 hiring trends

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  • 1. 2014 Hiring trends
  • 2. 2014 Hiring trends Employers are cautiously optimistic that 2014 will bring a stronger job market and job seekers should pay attention to the following seven trends shaping the 2014 job market, identified in CareerBuilder’s annual job forecast. Full time, permanent hiring stalled Companies relying on temporary and contract hiring Twenty-four percent of employers expect to hire full-time, permanent workers – down from 26 percent last year – yet one in ten is still undecided about recruitment plans. Nearly one in four employers will hire at a slower rate or will hold off on headcount expansion until the debt ceiling is resolved in the first quarter. Positions employers will most need to fill and percent of hiring managers planning to recruit full time: • Forty-two percent of employers plan to hire temporary or contract workers in 2014, up from 40 percent last year. Of these employers, 43 percent plan to transition some temporary employees into full-time, permanent members of their staff. 1. Sales – 30% 2. Information Technology – 29% 3. Customer Service – 25% 4. Production – 24% 5. Administrative – 22% Part time hiring on the rise • Companies will rely more on part-time employees. Seventeen percent of employers expect to recruit part-time workers over the next 12 months, up three percentage points over last year. While various factors will influence this trend, 12 percent of all employers stated that they will likely hire more part-time workers in 2014 due to the Affordable Care Act. 6. Engineering – 17% 7. Marketing – 17% 8. Business Development – 17% 9. Accounting/Finance – 15% 10. Research/Development – 13% 11. Human Resources – 10% Source: www.businessinsider.com/career-trends-2014-2013-12 Proprietary and Confidential 2
  • 3. 2014 Hiring trends STEM occupations continue to grow • Science, technology, engineering and math occupations help fuel economic growth and keep the U.S. competitive in a global marketplace. These occupations, which have been a major focus in the past several years, will continue to remain center stage, with more than one in four employers (26 percent) planning to create jobs in these areas over the next 12 months. Skills gap widening • Companies are putting more emphasis on training and development to help shrink the widening skills gap. Nearly half (49 percent) of employers plan to train people who don’t have experience in their industry or field and hire them in 2014. Twenty-six percent of employers are sending current employees back to school to get an advanced degree – and covering all or some of the expense. More companies onshoring jobs • 23 percent of companies who offshore jobs said they brought some of those jobs back to the U.S. in 2013. What’s more, 26 percent plan to do so in the next 12 months, indicating that this is not just a passing trend. Competitive compensation specialized positions • Companies say they’ll need to offer competitive compensation, especially for indemand or hard-to-fill positions. Sales and IT – the top two positions companies plan to hire for in the New Year – are also where employers expect to provide the biggest salary increases. When it comes to high-skill roles, 26 percent of employers plan to raise starting salaries for these specialized positions in 2014. Source: www.businessinsider.com/career-trends-2014-2013-12 Proprietary and Confidential 3