Q1 Hiring Plans Are Strongest In Years
The stock market may be seesawing, but employers are still bullish on hiring. Two recent surveys of hiring intention both pointed to strong plans by employers to add staff in the first quarter of this new year.
Manpower's long running Employment Outlook, based on a survey of 12,500 employers, shows 23% expect to add headcount between now and the end of March. Seasonally adjusted basis that comes out to 20%, which the report says, reflects "the strongest hiring intentions in 12 years."
"When compared with this time one year ago, Outlooks are slightly stronger in the Northeast and the South, while employers in the Midwest and the West report relatively stable hiring intentions," notes the report.
Employers in all 13 of the industry sectors covered by the report predict an increase in hiring. The strongest sectors are Transportation & Utilities (+28%), Leisure & Hospitality (+27%), Professional & Business Services (+25%), Mining (+24%), Wholesale & Retail Trade (+24%) and Construction (+23%).
A second survey focusing only on accounting and finance and IT and covering only two parts of the country -- the Chicago metro are and South Florida -- show a similar hiring intention by employers. According to the survey, 21% of hiring managers and HR professionals in finance and accounting expect to add staff in 2019; 26% of those in IT expect to do the same.
The survey by Brilliant shows the number of unfilled positions in both sectors has been creeping up over the last 12 months. In Q2 of 2018, 37% of the accounting and finance employers had at least one opening. Now, 51% do. The percentage of unfilled IT jobs has gone from 28% last year to 38% today.