The U.S. hiring outlook for the next 5 months is expected to mirror the same period in 2015—but paychecks will likely become a little bigger—according to CareerBuilder’s Midyear Job Forecast. More than half of employers will raise wages for current employees while two in five will offer higher starting salaries on job offers in the second half of the year.
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The nearly one in four workers (23%) who plan to change jobs before the end of the year will see new job openings for full-time, part-time, and temporary work. In the second half of 2016:
- 50% of employers plan to hire full-time, permanent workers, on par with 49% last year
- 29% of employers plan to hire part-time employees, on par with 28% last year
- 32% of employers plan to hire temporary or contract workers, down slightly from 34% last year
“Based on our study, the U.S. job market is not likely to experience any major dips or spikes in hiring over the next six months compared to last year,” said Matt Ferguson, CEO of CareerBuilder and co-author of The Talent Equation, in a press release. “While certain industries or locations may produce more job growth, hiring overall will hold steady throughout the election season and through the end of the year.”
Ferguson added, “Where we’ll likely see a more noteworthy change is in the area of wages. The number of hires made each month continues to lag the number of jobs posted for key functions within organizations, and the majority of employers feel they will now have to pay workers more to attract and retain them because the talent supply is not keeping up with demand.”
The national surveys, which were conducted online by Harris Poll on behalf of CareerBuilder from May 11 to June 7, 2016, included representative samples of 2,153 hiring managers and human resources managers and 3,244 full-time U.S. workers across industries and company sizes in the private sector.
How much are employers willing to boost wages?
Looking at a subset of human resources managers, 70% feel their companies will have to start paying workers higher wages because the market has become increasingly competitive for the talent needed.