Job Insights For The Second Quarter

Posted: Updated:

To provide accurate and timely employment forecasts for business leaders, Express Employment Professionals International Headquarters conducts an ongoing Job Insights survey to track quarterly hiring trends across a wide range of industries. Express surveyed business owners, decision makers, and human resource professionals about the overall hiring trends in their markets and how they impact their hiring decisions.

First quarter 2018 optimism carries over into the second quarter.

Quarter over quarter, optimism for 2018 remains steady with 91 percent of respondents who expect either an upward trend in hiring needs or to at least maintain current levels during the second quarter. Only 8 percent expect employment activity to trend down - the lowest percentage in four quarters. In fact, 93 percent of companies represented in the survey do not plan to eliminate any positions in the surveyed segments during second quarter.

The top segments hiring in the second quarter include general labor (industrial), skilled Labor (industrial), administrative/office clerical, and accounting/finance. Additionally, the segments creating the most new positions include engineering, marketing, IT, accounting and finance, and skilled labor.

Talent with the right mix of experience and expertise is at a premium.

A recurring theme across the past four quarters - access to skilled workers - continues to plague businesses. In a job seekers’ market, businesses must go the extra mile and be more creative in the way they recruit top talent. Only 18 percent of respondents said all their positions are filled - a 2 percent decrease quarter over quarter. Additionally, since the second quarter of 2017, the number of businesses that say it is "somewhat" or "very" difficult to fill positions has increased from 65 percent to 75 percent.

Survey respondents noted that the top reasons their jobs go unfilled include:

  • Lack of applicants in general (37 percent)
  • Lack of applicants with experience (36 percent)
  • Lack of applicants with hard skills (24 percent)
     

Year over year, the challenge of finding skilled workers is only becoming more difficult. Although the economy appears to be growing healthier every day, if we don’t find a practical way to address the ever-widening skills gap, that forward momentum could come to an abrupt stop.

Economic indicators show signs of improvement for stagnant wages.

Despite the improving health of the economy during the past several years, wages for most segments of the workforce have remained stagnant. However, the tide is beginning to turn as a tighter labor market, economic confidence, and lower taxes may finally help drive higher wages for many workers.

Over the next three months, 40 percent of business leaders expect wages to go up, an 8 percent increase over the second quarter 2017, and 59 percent expect wages to stay the same. Only 1 percent of companies expect wages to decrease over the next three months.

Alyssa Chumbley is co-owner and vice president of Express Employment Professionals.

  • Perspectives

    • Want Your Startup to Move Faster? Use Two Military Strategies

      Speed is everything at a startup. So is discipline. By that, I mean the discipline to stay focused on the most important objectives, to do the late nights and early mornings when we don’t want to do them, and to see the results of our work as objectively as possible. It’s not easy, especially when speed and discipline often seem at odds. We think about this a lot here at Powderkeg. How do we move as fast as possible while remaining as disciplined as possible? We recently...

    More

Subscribe

Name:
Company Name:
Email:
Confirm Email:
HTML
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections
INPower
Subscribe
Unsubscribe

Events



  • Most Popular Stories

    • Infosys Hub to 'Reskill' Workforce

      India-based Infosys, which today broke ground on a $35 million U.S. Education Center in Indianapolis, says the campus is focused on preparing the American workforce for the technology jobs of the future. "Continuous learning and reskilling are core components of Infosys' DNA," said Chief Operating Officer UB Pravin, adding the company will use the facility on the former Indianapolis International Airport terminal site to train 10,000 new American hires.

    • 'Proven Leaders' to Head New Two-Year College

      Marian University has named Jeffrey Jourdan executive director of Saint Joseph's College of Marian University - Indianapolis, its new two-year institution. Michael Nichols will serve as associate director and dean of SJC@MU. In October, Marian and Saint Joseph's College in Rensselaer detailed a partnership to launch the school near Marian's Indianapolis campus. St. Joe suspended operations in 2017 after massive debt responsibilities forced the school into an attempted rebirth.

    • Renovations Coming to Edinburgh Premium Outlets

      Renovations are coming to Edinburgh Premium Outlets as plans have been announced by Indianapolis-based Simon Property Group Inc. (NYSE: SPG). Construction is set to begin this fall. The multi-million dollar plans include an archway sign, two new courts visible from I-65 on the east side of the property and a food truck plaza on the southwest corner.

    • Makerspace, Design Center Coming to Fishers

      A planned design center and makerspace in Fishers will target what its founder calls a "labor crisis" in the home building and design industry. David Decker says the $14 million Hub and Spoke will have showroom, office and warehouse space for member companies along with what he calls a one-of-a-kind makerspace for hobbyists, entrepreneurs and students. He says the makerspace will serve as a "shop class on steroids" and offer equipment including...

    • Infosys to Break Ground at Airport Site

      State and local officials will Friday break ground on a new U.S. Education Center for India-based Infosys. The company is initially investing $35 million to transform more than 70 acres of the former Indianapolis International Airport terminal site into a training center and 250-person residential facility totaling 125,000 square feet.