Job Insights For The Third 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.

Overall confidence remains high going into the second half of 2018.
The economy continues to hold strong with the vast majority of respondents expecting an upward trend in employment activity or to at least maintain current levels during the third quarter of 2018. In fact, only 9% of companies expect employment activity to trend down during the third quarter, compared to 47% of companies that expect employment activity to trend up in the third quarter—a 4% increase over second quarter 2018.

The top segments hiring in third quarter 2018 include:

  • General Labor (Industrial): 32%
  • Skilled Labor (Industrial): 28%
  • Administrative/Office Clerical: 21%
  • Accounting/Finance: 9%

There’s no end in sight for the ongoing talent crunch.

Although business is booming for many companies, recruiting the top talent needed to maintain productivity is becoming more competitive than ever before. In fact, the number of respondents who reported the lack of available applicants as the top reason jobs go unfilled increased by 78% quarter over quarter. Additionally, fewer than one-quarter of respondents said all their positions are filled.

In fact, the number of businesses that say it is “somewhat” or “very” difficult to fill positions has increase by 22% since the first quarter of 2017.

In many ways, the strengthening economy is a double-edged sword. The energy and excitement of an increase in business activity coupled with a tight labor market means companies will need to be more proactive than ever to recruit and retain the top talent they need to stay productive.

In a job-seeker’s market, skilled workers can be more selective.
Opportunities abound for skilled workers. In many job markets, the pool of applicants with the right mix of experience and expertise is drying up and the competition among businesses to recruit top talent is fierce. The most qualified candidates have more freedom to be selective about which jobs they accept.

When asked, “what stops applicants from accepting a job at your company?” survey respondents said:

  • Not the perfect fit (40%)
  • Low pay (28%)
  • Lack of advancement/opportunity (16%)
  • Lack of benefits (13%)
  • Inflexible schedule (11%)

Alyssa Chumbley is vice president of Express Employment Professionals.

  • Perspectives

    • How to Find a New Audience After Hitting a Marketing Plateau

      It may sound like a marketer’s dream scenario: efforts have proven to be so successful it appears a company has completely saturated their target audience. While it may be a good problem to have, it still may be a problem. Hitting a marketing plateau is an opportunity for companies in any industry to reevaluate, re-energize and come to the table with new ideas for better understanding existing customers and engaging new audiences.

    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

    • Gas City Startup Helping Hemp Farmers

      Last month, it became legal for Hoosier farmers to grow hemp and a Gas City-based startup is being aggressive in being among the first to take advantage of market opportunities. Heartland Harvest Processing is helping farmers connect the new agricultural commodity to consumer products, including CBD. Founder and Chief Marketing Officer Chris Moorman says the first hemp harvest under the new law is expected to begin next month. In an interview with Business of Health...

    • (Image courtesy of Northern Indiana Commuter Transportation District)

      Michigan City Commits $12M to South Shore Track Project

      The Michigan City Common Council has formally committed to contribute $12 million towards the proposed $416 million Double Track project for the South Shore commuter line. Our partners at The Times of Northwest Indiana report the council voted unanimously to pay $7 million upfront and finance the remaining $5 million through a 20-year bond issue. 

    • Eleven Fifty is headquartered at Launch Fishers.

      State to Launch 5G Hub in Downtown Indy

      The state of Indiana has announced plans for what it says is a first-of-its-kind 5G hub. Launching in October, the Indiana 5G Zone aims to "attract business, foster innovation and propel research and development in 5G-enabled advanced technologies." The hub will be located inside the new downtown Indianapolis headquarters of the nonprofit Eleven Fifty Academy. The Indiana 5G Zone will include a 3,000-square-foot research lab, which will be used to develop and test...

    • (photo courtesy of Wes Mills)

      Ethanol Plant to Stop Production, POET Blames EPA

      Ethanol production at an Indiana biofuels plant will be stopped and the owner blames Environmental Protection Agency policies and the oil refining industry. South Dakota-based POET Energy announced the plant in Cloverdale will be placed in “idle production” within several weeks, though no date has been set. The ethanol producer says 100’s of local jobs will be impacted, but the news release did not specifically mention “layoffs” at this point.

    • (photo courtesy of Exhibit Columbus)

      Exhibit Columbus Opens

      The second annual Exhibit Columbus will open Friday with a variety of events. Organizers say the two-day opening weekend will showcase architecture, art, and community in celebration of the city's design legacy.