Q2 Hiring Forecast Looks Better Than It Has in a Decade
According to CareerBuilder's latest forecast, the hiring outlook for the second quarter is higher than it's ever been since CareerBuilder started this survey more than 10 years ago.
Last year, 34% of employers planned to hire full-time permanent employees in Q2, and this year 45% plan to hire. Even more impressive is the 12% boost year-over-year expected for temporary hiring with nearly half of employers (49%) planning to add temporary or contract workers over the next three months.
The first quarter also saw a big uptick with 46% of employers hiring vs. 37% in Q1 last year.
While there is no shortage of job openings, there is still the IT skills gap to worry about. The U.S. Bureau of Labor Statistics predicts there will be 1.4 million more software development jobs than applicants who can fill them by 2020. Not to mention, Code.org reports there are more than 500,000 open computing jobs nationwide, but less than 43,000 computer science students graduated into the workforce last year.
According to CareerBuilder, nearly 60% of U.S. employers have job openings that stay vacant for 12 weeks or longer. The average cost HR managers say they incur for having extended job vacancies is more than $800,000 annually.