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Job Forecast: Hiring Looks Sunny in Second Half of 2014

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Nearly half of U.S. employers plan to add full-time, permanent headcount over the next six months — quite an improvement over the same period a year ago, according to CareerBuilder’s mid-year job …

Nearly half of U.S. employers plan to add full-time, permanent headcount over the next six months — quite an improvement over the same period a year ago, according to CareerBuilder’s mid-year job forecast.


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  • 1. 2014 Midyear U.S. Job Forecast 2014 Midyear U.S. Job Forecast 1 CareerBuilder’s Midyear U.S. Job Forecast points to sustained job growth in the second half of 2014. Nearly half of U.S. employers plan to add full-time, permanent headcount over the next six months and one-third plan to hire temporary or contract workers – both improvements over the same period in 2013. PERCENTAGE OF EMPLOYERS PLANNING TO ADD NEW EMPLOYEES IN THE SECOND HALF OF 2014 (JUL. 1ST TO DEC. 31ST) Totals may not equal 100 percent due to rounding or the ability to choose more than one response. The national survey, which was conducted online by Harris Poll on behalf of CareerBuilder from May 13 to June 6, 2014, included a representative sample of 2,188 hiring managers and human resource professionals across industries and company sizes. The results of this year’s survey are indicative of a more assured employer population compared to 2013 when companies were, to some extent, irresolute when it came to adding permanent staff. Back then, employers anticipated a spike in temporary employment in the second half of the year while permanent employment was to remain flat. The 2014 midyear forecast shows employers are expecting forward movement in all categories of hiring. Jobs will also be added in a variety of areas, heavily favoring job seekers with expertise in technology, financial operations, communications and other specialized fields.” MATT FERGUSON, CEO of CareerBuilder and co-author of The Talent Equation 33% 31% 27% 25% 47% 44% Full-time, permanent Part-time Temporary or contract 2013 2014
  • 2. Totals may not equal 100 percent due to rounding or the ability to choose more than one response. 2014 Midyear U.S. Job Forecast 2 The following industries are expected to outperform the national average for permanent hiring in the months ahead with Information Technology, Financial Services and Hospitality poised to experience the highest year-over-year gains. INFORMATION TECHNOLOGY – 59 percent plan to hire full- time, permanent employees, up from 51 percent last year FINANCIAL SERVICES – 57 percent plan to hire full-time, permanent employees, up from 52 percent last year HOSPITALITY – 55 percent plan to hire full-time, permanent employees, up from 46 percent last year HEALTH CARE – 54 percent plan to hire full-time, permanent employees, up from 51 percent last year MANUFACTURING – 54 percent plan to hire full-time, permanent employees, up from 52 percent last year INDUSTRIES HIRING FULL-TIME, PERMANENT EMPLOYEES IN THE SECOND HALF OF 2014 HIRING BY INDUSTRY While recruitment activity is notably stronger and increasing in enterprise organizations, small business hiring is holding steady and showing moderate improvement compared to last year. SMALL BUSINESS HIRING 50 or fewer employees 250 or fewer employees 500 or fewer employees Information Technology Financial Services Hospitality Health Care Manufacturing 54% 52%54% 51% 55% 46% 57% 52% 59% 51% When asked to identify the types of roles they would be creating within their organizations over the next six months, employers reported: HOT AREAS FOR HIRING Jobs tied to social media Jobs tied to mobile technology Jobs tied to cloud technology Jobs tied to wellness Jobs tied to content strategy for the Web Jobs tied to managing and interpreting big data Jobs tied to cyber security Jobs tied to financial regulation Jobs tied to search technology Jobs tied to health informatics 11% 11% 10% 10% 9% 9% 8% 8% 8% 8% 50 OR FEWER EMPLOYEES | 24 percent hiring full-time, permanent employees, the same as last year 250 OR FEWER EMPLOYEES | 35 percent hiring full-time, permanent employees, up slightly from 34 percent in 2013 500 OR FEWER EMPLOYEES | 39 percent hiring full-time, permanent employees, up from 37 percent in 2013 SMALL BUSINESSES HIRING FULL-TIME, PERMANENT EMPLOYEES IN THE SECOND HALF OF 2014 37% 39% 2013 2014 24% 24% 34% 35% 2013 2014 Among companies with more than 500 employees, three in five hiring managers (61 percent) plan to add full-time, permanent employees, up from 56 percent in 2013.
  • 3. 2014 Midyear U.S. Job Forecast 3Totals may not equal 100 percent due to rounding or the ability to choose more than one response. Increase Decrease No change Undecided Comparing regions, the Northeast and South reported the biggest increases in the percentage of employers planning to add full-time, permanent headcount in the second half of the year. Hiring in the West and Midwest is expected to remain relatively unchanged, but still in line with the other regions. HIRING BY REGION NORTHEAST 48 percent hiring full-time, permanent employees, up from 43 percent last year MIDWEST 46 percent hiring full-time, permanent employees, on par with last year SOUTH 48 percent hiring full-time, permanent employees, up from 42 percent last year WEST 47 percent hiring full-time, permanent employees, down slightly from 48 percent last year Thirty-six percent of employers added full-time, permanent headcount in the second quarter, up from 34 percent last year. Ten percent decreased headcount, while 53 percent made no change to staff levels and 1 percent were unsure. HIRING IN Q2 2014 THIS QUARTER (2ND QUARTER, APR. 1 - JUN. 30, 2014), IS YOUR COMPANY, AT YOUR LOCATION, INCREASING, DECREASING OR MAKING NO CHANGE TO ITS NUMBER OF FULL-TIME, PERMANENT EMPLOYEES? 1% 36% Looking ahead, 31 percent of employers plan to hire full- time, permanent employees in the third quarter, up slightly from 30 percent last year. Nine percent expect to downsize staffs, while 56 percent anticipate no changes to headcount and 5 percent are undecided. HIRING IN Q3 2014 IN THE THIRD QUARTER (JUL. 1 - SEP. 30, 2014) DOES YOUR COMPANY, AT YOUR LOCATION, PLAN TO INCREASE, DECREASE OR MAKE NO CHANGE TO ITS NUMBER OF FULL-TIME, PERMANENT EMPLOYEES? 5% 31% 10% 53% 9% 56% Increase Decrease No change Undecided
  • 4. 2014 U.S. Midyear Job Forecast 4Totals may not equal 100 percent due to rounding or the ability to choose more than one response. MEDIA CONTACT: Jennifer Grasz 773.527.1164 Jennifer.Grasz@careerbuilder.com www.twitter.com/CareerBuilderPR SURVEY METHODOLOGY This survey was conducted online within the U.S. by Harris Poll on behalf of CareerBuilder among 2,188 hiring managers and human resource professionals ages 18 and over (employed full-time, not self-employed, non-government) between May 13 and June 6, 2014 (percentages for some questions are based on a subset, based on their responses to certain questions). With a pure probability sample of 2,188, one could say with a 95 percent probability that the overall results have a sampling error of +/- 2.10 percentage points. 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 great talent. Its online career site, CareerBuilder.com®, is the largest in the United States with more than 24 million unique visitors and 1 million jobs. CareerBuilder works with the world’s top employers, providing everything from labor market intelligence to talent management software and other recruitment solutions. 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.