Career Builder conducted a survey of more than 2,600 hiring managers and human resources professionals from August 16 to September 8, 2011. "While hiring is historically slower in the fourth quarter, recent world events and structurally impaired U.S. economy are causing employers to be a little more guarded," said Matt Ferguson, CEO of CareerBuilder. Caution and seasonality are influencing hiring expectations for the fourth quarter as employers assess ongoing barriers to economic growth and wrap up 2011. Some highlights of the survey:
Education and Skills Gap
Companies are still having a difficult time filling certain positions despite the stiff competition for jobs. 67% of employers expressed concern over the education and skills gap in the U.S. and the corresponding deficit in talent for specialised positions. The top areas employers identified as having a significant skills gap are engineering (37%) and information technology (33%).
Compensation
The survey showed that 41% of employers anticipate no change in salary levels in the fourth quarter compared to the same period last year. 38% expect there will be an increase of 3% or less with 12% expecting their average changes will be between 4 -10% and 1% predict an increase of 11% or more. 4% anticipate a decrease in salaries.
Hiring by Company Size
In a comparison, small businesses will continued to lag behind larger organizations in staffing activity. However, the smaller businesses are less likely to reduce staff levels. Companies with 500 or fewer employers:
Education and Skills Gap
Companies are still having a difficult time filling certain positions despite the stiff competition for jobs. 67% of employers expressed concern over the education and skills gap in the U.S. and the corresponding deficit in talent for specialised positions. The top areas employers identified as having a significant skills gap are engineering (37%) and information technology (33%).
Compensation
The survey showed that 41% of employers anticipate no change in salary levels in the fourth quarter compared to the same period last year. 38% expect there will be an increase of 3% or less with 12% expecting their average changes will be between 4 -10% and 1% predict an increase of 11% or more. 4% anticipate a decrease in salaries.
Hiring by Company Size
In a comparison, small businesses will continued to lag behind larger organizations in staffing activity. However, the smaller businesses are less likely to reduce staff levels. Companies with 500 or fewer employers:
- 17% plan to increase full-time, permanent headcount in Q4 (versus 27% in companies with 500+ employees).
- 8% expect to reduce staff levels (versus 11% in companies with 500+ employees).
Those organizations with 50 or fewer employees:
- 12% plan to add new employees
- 8% expect to reduce staff levels
What are your staffing plans in Q4?
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