04 Dec 2015

More Hiring on the Horizon in 2016

America’s employers are optimistic about job creation in 2016. For the past 7 years, our company has conducted a semi-annual hiring survey, polling hiring managers, recruiters and sourcing experts in the U.S. about their insights on the employment landscape for skilled professionals. And this year, they’re more positive than ever.

According to our survey, 61 percent of hiring managers expect more hiring in the first half of 2016, up one percent from when we asked last year. Plus, we see growth in the level of hiring, with 17% of employers saying they anticipate adding 30% or more staff. It’s a good sign for professionals considering a new job venture to further their careers, and it appears many are.

In fact, 43 percent hiring professionals who recruit for their own needs (rather than for a sourcing/recruiting agency) noted that voluntary turnover had increased at their organizations, up from 41% in 2014. With more professionals jumping ship, companies have to find new people to fill open positions. But scrambling doesn’t have to be the norm after employees quit.

Nearly three-quarters (74%) of companies today say sourcing and building a bench of talent is more important today than a year ago.  That includes networking, scouring social media or leveraging services like our big data sourcing service Open Web, which finds publicly available information from more than 130 social and professional data sources on candidates.

Building a pipeline of talent means candidates are already “warmed up” or more informed about what companies have to offer, before even applying for the job. Plus, this provides a more engaged pool of ideal professionals for when a position becomes available.

The recruiting market for highly-skilled talent is tougher today than any time I can remember in the past decade. The message to professionals is to act now if you’re looking to make a move. To companies: be prepared and start your recruiting process now, so it doesn’t become a headache later. 

Mike

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