If you were hoping for less hiring challenges in 2019, think again, especially if you’re recruiting and hiring for the accounting, finance, and information technology (IT) industries. As positions in these industries remain elevated, more employers will turn to temporary staffing to help fill the void.
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Staffing and consulting firm, Brilliant™, has released its Q1 2019 Hiring Forecast. The data indicate that businesses are reporting record-high numbers of open positions in accounting and finance, with elevated numbers of open IT positions and a spike in temporary employment, heading into Q1 2019.
The recent Brilliant study finds more than half (51%) of businesses reported unfilled positions in accounting and finance—up from 48% last quarter—marking a new 5-year high. For IT, 38% reported openings—slightly down from last quarter’s 5-year record of 43% but still elevated over previous quarters.
Director of Consumer Surveys at the University of Michigan (Ann Arbor, Michigan)—and author of the study—Dr. Richard Curtin, explains, “Just over half (51 percent) of all human resources professionals and hiring managers reported unfilled jobs in accounting and finance, above last quarter’s 48 percent.” He continues, “This was remarkable given that the economic expansion is well into its ninth year. While the frequency of open IT positions fell slightly to 38 percent from last quarter’s 43 percent, the numbers still remained elevated from previous quarters.”
Brilliant CEO Jeff Mariola adds, “Our study brings important insight into the future of the accounting, finance and IT professions, and the overall health of the labor market. We remain optimistic that elevated numbers of open positions and plans to increase hiring indicate continued growth in the near term.”
The Brilliant Q1 2019 Hiring Forecast analyzes the hiring trends affecting accounting, finance, and IT professionals within the Greater Chicago and South Florida labor markets for the coming quarter. The forecast uses data from a hiring survey that was conducted between October 23, 2018, and November 7, 2018. For the full Brilliant Q1 2019 Accounting, Finance and IT Hiring Forecast, click here.