CareerBuilder Jobs Forecast: Cautious Hiring Ahead

CB job forecast 2014 hiring changeInfluenced by the budget uncertainty in Washington, HR professionals and hiring managers in CareerBuilder’s annual survey of hiring intentions said they expected to increase headcount in 2014, but the numbers and the rate of hire would depend on Congressional action about the debt ceiling.

The budget bill President Obama signed last week resolved only part of the national fiscal uncertainty. The debt ceiling, which is due to come in February, is a different matter. Both parties has so far signaled their intention not to compromise on raising the federal borrowing limit.

That has cast a pall of uncertainty over hiring plans, said respondents to CareerBuilder’s survey. The survey released this morning reports that 23 percent of the participants said they’ll either slow the pace of hiring or simply wait until after Congress resolves the debt question. Overall, 24 percent of companies expect to increase their permanent, full-time headcount in 2014, not much different than last year’s 26 percent.

CareerBuilder CEO Matt Ferguson said, “What we saw in our survey
was reluctance from some employers 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.”

CB 2014 Jobs forecast in demand jobsThe survey found hiring to be most robust for sales (30 percent) , IT (29 percent), and customer service (25 percent) positions.  More companies in this survey said they expected to hire part-timers; 17 percent saying that this year versus 14 percent last year. Slightly more companies said they expect to hire temp and contract workers — 42 percent versus 40 percent last year.

Besides the part time hiring, CareerBuilder listed four more hiring trends in 2014:

  1. More companies plan to onshore jobs (26 percent v. 23 percent reporting they did so in 2013).
  2. Viewing it as evidene of a widening skills gap, CareerBuilder said 51 percent of just the HR managers surveyed reported having open jobs they can’t find qualified workers to fill. Forty-six percent said the positions go three or more months without being filled.
  3. Because of the skills issue, 49 percent of employers will train workers without the experience to fill these jobs. That’s up by 10 points from last year.
  4. A quarter of companies say they will promote their career opportunities to high schoolers.

Salary increases will look a lot like last year. About half the companies will offer raises in the 1-3 percent range. A quarter will offer no raise at all.

John Zappe is the editor of TLNT.com and a contributing editor of ERE.net. John was a newspaper reporter and editor until his geek gene lead him to launch his first website in 1994. He developed and managed online newspaper employment sites and sold advertising services to recruiters and employers. Before joining ERE Media in 2006, John was a senior consultant and analyst with Advanced Interactive Media and previously was Vice President of Digital Media for the Los Angeles Newspaper Group.

Besides writing for ERE, John consults with staffing firms and employment agencies, providing content and managing their social media programs. He also works with organizations and businesses to assist with audience development and marketing. In his spare time  he can be found hiking in the California mountains or competing in canine agility and obedience competitions.

You can contact him here.

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