Annual Study Gives Overview of Current Job Market
On August 25, 2009, Robert Half International and CareerBuilder published the 5th Employment Dynamics and Growth Expectations (EDGE) Report. The report gives an “overview of the current employment situation, as well as a glimpse of the future hiring landscape. The report offers information on what types of professionals employers will be looking for when economic conditions improve and the strategies businesses plan to implement to recruit and retain talent.” The survey polled more than 500 employers and more than 500 employees between April 30 and May 31, 2009. The report was extremely informative, so I thought I would give some of the key highlights:
- Employers will be hiring within next 12 months. 53% of those polled said they expect to hire full-time employees, 40% will hire contract-to-hire or temporary workers, and 39% will hire part-time employees.
- Hiring managers cited customer-facing roles as the most valuable in these difficult economic times.
- Hiring managers said customer service and sales departments will be the first to receive new hires.
- On average, 60% of new positions created will be for entry-level (28%) or staff-level workers (32%).
- Hiring managers will be looking for the following characteristics in new hires: multi-tasking, taking initiative, and creative problem-solving.
- Employers biggest obstacle with hiring new employees is finding qualified talent as 44% of resumes received are unqualified.
- 61% of hiring managers are willing to pay more money for top talent and are willing to negotiate salaries.
- Employers will need to think about retaining current employees when economic conditions improve. 49% of current employees expect pay increases to keep them on board and 20% expect better benefit packages. 40% of hiring managers polled plan compensate employees when times are better.