Employer Outlook Reveals Hiring Trends for 2018
Indeed surveyed 1,000 hiring managers nationwide to discover the biggest hiring trends expected for 2018.
The majority (61%) of employers surveyed said they expect to hire more people in 2018 than they did in 2017. 56% said they are hiring to support business growth, while 31% are hiring for a specific skill, and 13% are replacing lost staff.
The most active sectors for recruiting are architecture and engineering where 82% plan to hire, IT and telecom companies (75%) and professional services firms (71%). At the other end of the spectrum, only 55% of retail companies and 41% of educational organizations plan to recruit next year.
Other highlights from the report:
- The Southwest leads all regions looking to hire in 2018 with a whopping 75%. The West, Southeast, and Midwest by contrast are at 62%, 61% and 60%, respectively. The Northeast comes in last with only 57% of companies anticipating hiring increases.
- 42% of employers worry they won't be able to find the talent they need and 41% of companies say their entry-level positions are hardest to fill. By contrast, 33% of companies are concerned about hiring middle management, 25% report challenges with senior management and 20% pointed to executive level positions as their most difficult hires.
- Employee referrals are the most common source of new hires, with 73% of companies using this method to hire new employees. Job sites came in at a close 71%, with recruitment and staffing firms coming in at 51%.
For companies that need to make strong hires under budget constraints, non-monetary benefits like extra PTO, flexible hours and work from home options can tip the scales for job candidates.
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