The job market will remain strong through the end of 2022, according to new research from Robert Half (NYSE: RHI), a specialized talent solutions and business consulting firm that has a local office in downtown Syracuse. In a survey of more than 1,500 managers at companies in the United States, 46 percent said they planned […]
The job market will remain strong through the end of 2022, according to new research from Robert Half (NYSE: RHI), a specialized talent solutions and business consulting firm that has a local office in downtown Syracuse.
In a survey of more than 1,500 managers at companies in the United States, 46 percent said they planned to add staff during the second half of the year. Another 46 percent expect to fill vacated positions and only 8 percent forecast hiring freezes (6 percent not adding new or filling vacated positions plus 2 percent eliminating positions).
The Robert Half research also found that demand for contract and early-career talent is increasing — 45 percent of hiring managers plan to expand their teams by bringing in contract professionals, especially in technology (60 percent). Meanwhile, 72 percent of employers intend to increase hiring of entry-level or early-career professionals.
“Despite talk of an economic slowdown, many companies remain in hiring mode — and professionals with in-demand skills continue to have options,” Robert Half senior executive director Paul McDonald said in a release. “In addition to staffing critical functions, employers are increasingly turning to contract talent to stay nimble while keeping projects moving forward and productivity high.”
Hiring is difficult, with the survey finding 88 percent of managers are facing challenges finding people, including lack of qualified talent and candidates’ salary expectations exceeding what the business is willing to offer. To attract talent, employers are boosting starting salaries, providing signing bonuses and offering remote-work options.
Employers are also expecting more people to quit their jobs, with 51 percent of managers reporting an increase in voluntary turnover in their department in the last year, and 78 percent expressing concerns about more employees quitting in the future. Those in marketing and creative (84 percent) and finance and accounting (79 percent) are most likely to worry about resignations from their team.
“As long as the job market favors workers, staff retention will continue to be a big concern for businesses,” McDonald said. “Doubling down on employee wellbeing, empowerment and development initiatives can go a long way toward building staff satisfaction and loyalty as the market fluctuates.”
For more information on hiring trends by profession, view Robert Half’s Demand for Skilled Talent report through this link: https://bit.ly/3p2tWh4.
In addition to its Syracuse location at 300 S. State St., Robert Half also has upstate New York offices in Albany, Rochester, and Buffalo.