5 Employer Trends to Watch in 2018
According to CareerBuilder's annual forecast, 44% of employers plan to hire full-time, permanent employees in the New Year while over half (51%) will hire temporary employees. This trend proves a rise in companies hiring more contract workers to maintain flexibility in the workforce and test drive candidates for permanent roles.
Nearly half (45%) of HR managers have jobs they cannot fill because they cannot find qualified talent and 58% report that they have jobs that stay open for 12 weeks or longer. It doesn't help that a reported 40% of workers plan to change jobs in 2018.
"More job creation, higher voluntary employee turnover and intensified competition for talent will be the main themes surrounding employment in 2018," said Matt Ferguson, CEO of CareerBuilder. "There is a perfect storm happening in the U.S. labor market. Low unemployment paired with lagging labor force participation and a growing skills gap is making it very difficult for businesses to find qualified candidates – and this is for all types of roles. If employers want to remain competitive, they are going to have to look to new talent pools and significantly increase their investment in training workers to build up the skills they require."
Here are the five employer trends CareerBuilder says to watch for in 2018:
- Capturing New Talent Early – Employers will start courting college students early – 64% plan to hire recent college graduates this year.
- Importing Talent – Employers will be looking beyond borders to find talent with 23% planning to hire workers from other countries to work in the U.S.
- Re-engaging Past Employees – Employers will increase outreach to workers who know their business and have a history with them – 39% plan to hire former employees in 2018.
- Hiring for Potential – 66% of employers said they will train and hire workers who may not have all the skills they need, but have potential; 44% of all employers plan to train low-skill workers who don't have experience in their field and hire them for higher-skill jobs.
- Boosting Compensation – While wage gains have not reached desired levels, employers will become more aggressive with compensation levels for in-demand workers - 30% plan to increase starting salaries for new employees by 5% or more while 36% will do the same for existing staff.
Employers say functions such as customer service, sales, information technology and production will top their list for full-time, permanent hiring in 2018. Here are some of the key areas where they will be adding headcount:
Jobs tied to skilled labor – 30%
Jobs tied to data analysis – 25%
Jobs tied to digital marketing – 17%
Jobs tied to cybersecurity – 15%
Jobs tied to automation – 12%
Jobs tied to artificial intelligence and machine learning – 10%