Dive Brief:
- Manpower Group has released it's Q1 2017 projections for hiring, which indicate a positive outlook for hiring in the New Year. The results show one in five US companies plan on increasing their current staffing levels, and 73% expect their salaries to remain constant. These figures are identical to measurements made in 2015.
- The best areas for new job growth include Leisure and Hospitality, Wholesale and Retail Trade, Transportation and Utilities, and Professional and Business Services. States for the most positive hiring in 2017 include Oregon, Hawaii, Florida, Iowa, California and Oklahoma.
- Around the globe, the Manpower survey indicates that many employers expect steady hiring despite political uncertainty, with the strongest regions of hiring including Taiwan, India, Japan, Hungary and Slovenia. Not coincidentally, each of these nations have strong technical and manufacturing bases.
Dive Insight:
The Manpower report on hiring trends going into the first part of 2017 provides a glimpse into the objectives of company leaders as they recruit talent in the wake of elections and some financial uncertainty. This may be a sign of economic growth to some observers, considering that more jobs are expected to return from offshore accounts under the assumption that President-elect Donald Trump will move forward with his stated economic goals.
Make no mistake, there will continue to be shortages of skilled talent, at least for the foreseeable future. Given that employers in the US say the plan to keep pay levels close to current rates, recruiters may need to re-evaluate this approach to attract candidates who are seeking above average salaries and benefits.
