Results from a recent survey forecast a positive year for job growth in the U.S.
CareerBuilder released its annual U.S. Job Forecast, and the results are encouraging, reported Consumer Affairs.
“U.S. employers continue to show confidence in their hiring plans,” stated the report.
Some 36 percent of employers plan to hire permanent, full-time employees in 2016, and 47 percent plan to hire contract or temporary workers. Also expected are higher starting salaries, a greater number of minorities and women in leadership roles and increased mobility for workers to transition from low-skill to high-skill jobs.
While large companies will continue to dominate hiring this year, small-business managers reported that they feel more positive about their finances in 2016 and are making plans to increase their staff. For businesses with 50 or fewer employees, 27 percent plan to bring on permanent, full-time employees, which is a 20 percent increase from last year.
“On average, the U.S. has added 200,000 jobs each month over the last two years, and we expect 2016 to produce similar results, if not better,” stated Matt Ferguson, CEO of CareerBuilder, in the report. “The market is also showing signs of broader wage pressure. While employers have been more willing to pay a premium for high-skill labor, they’re now having to pay more competitive wages for entry-level positions. Workers are gaining leverage.”
Things are also looking up for those seeking temporary or contract work. There was a slight rise in the number of employers planning to hire temp and contract workers this year compared to last year, and 58 percent of these employers plan to move some of these workers into permanent roles in 2016.
Top 2016 trends
The survey determined the top employment trends for this year. These focused on expanding opportunities for underemployed groups and improving job accessibility. The top five trends were: Opening New Doors for Skilled Workers, Hiring Younger Interns, Increasing Wages at All Levels, Reaching Beyond U.S. Borders and Diversifying Management. Noteworthy findings from the survey included that 63 percent are concerned about the growing skills gap, 83 percent plan to increase compensation for existing employees and 66 percent will offer higher starting salaries for new employees, which is 2 percent more than last year. In addition, 55 percent of employers plan to hire or promote more women for management roles and 53 percent plan to hire or promote diverse workers for management roles.
Job categories to watch
The survey found that for employers who plan on hiring more full-time employees in 2016, 32 percent of the jobs they are recruiting for will be in customer service, followed by 29 percent in information technology and 27 percent in sales. Rounding out the results, in order from highest percentage to lowest percentage were positions in: production, administration, marketing, business development, human resources, accounting/finance and engineering.
Industry-wise, the survey found that financial services is predicted to hire more full-time staff this year than the national average, with 46 percent of employers making full-time hiring plans. Some 44 percent of information technology employers are planning to hire full-time employees, followed by 43 percent in health care. According to the survey, employers in manufacturing are expected to match the national average.
The highest number of employers looking to add full-time positions were located in the West, with 42 percent of employers, followed by the South, Midwest and Northeast. The survey found, however, that 12 percent of Western employers anticipated reducing their staff this year, the highest percentage of any region.
The CareerBuilder 2016 U.S. Job Forecast was based on results from an online survey of 2,338 hiring and human resource managers and was conducted by Harris Poll.