Uncertainty Slows Hiring Plans for Many Companies

By Dennis McCafferty  |  Posted 01-14-2014 Email Print this article Print

In the near future, we may view 2013 as a building-block year that paved the way for better things: more staffing, more IT innovation and more organizational growth. However, the overall economy will need to demonstrate a sign of firmer footing before this happens, according to a recent survey of hirers from CareerBuilder. One of the biggest question marks remains the state of debt negotiations in Washington, D.C., as a large portion of companies are putting staffing expansion plans on hold until this issue is resolved. On the positive side, however, more businesses plan to boost their headcount than shrink it, and many companies are committed to additional investments in science, technology, engineering and math positions, especially in IT. "The general sentiment shared by employers … is that there will be a better job market in 2014," says Matt Ferguson, CEO of CareerBuilder and co-author of The Talent Equation. "Some employers [are reluctant] to commit to adding jobs until the outcomes of debt negotiations and other issues affecting economic expansion are clearer. As these stories play out and employers find their footing in the New Year, there is greater potential for the average monthly job creation in 2014 to exceed that of 2013." More than 2,200 hiring managers and HR professionals took part in the research. For more about the survey, click here.

  • Steady Growth

    24% of companies will add full-time, permanent employees in 2014, which is just slightly lower than this time last year.
    Steady Growth
  • Ramping Down

    13% plan to decrease staffing levels, up from 9% this time last year.
    Ramping Down
  • Moment of Opportunity

    42% plan to hire temp or contract workers, and 43% of those organizations plan to eventually transition some of these temp workers into full-time, permanent positions.
    Moment of Opportunity
  • Sticky Situation

    23% say they will hire at a slower rate—or not expand at all—until the debt ceiling is resolved in the first quarter.
    Sticky Situation
  • Science-Minded

    26% plan to create new jobs specializing in STEM skills.
  • Tech Boost

    29% plan to increase recruitment for IT professionals, which trails only sales staff (30%) for the most in-demand occupational niche.
    Tech Boost
  • Domestic Commitment

    26% of companies that have offshored jobs say they plan to bring some of these positions back to the U.S. in 2014.
    Domestic Commitment
  • In Search Of

    51% of HR managers say they currently have positions for which they can't find qualified candidates, and 46% of these HR managers say the vacancies go unfilled for three or more months.
    In Search Of
  • Back to School, Part I

    49% of employers plan to train people who don't have experience in their industry and hire them, up from 39% this time last year.
    Back to School, Part I
  • Back to School, Part II

    26% are sending workers back to school to get an advanced degree, and are picking up all or part of the costs.
    Back to School, Part II
Dennis McCafferty is a freelance writer for Baseline Magazine.


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