Statistics show that in the year of 2012; there will be four Employment trends to watch out for! Nearly one-in-four hiring managers plan to hire full-time, permanent employees in 2012 and employment trends among SME’s are predicted to improve on that of last year! Many have reservations due to the economic climate and are waiting to hear the predictions for the economic forecast for the New Year. In my eyes – we are the people who can change the economy and if our businesses are in demand of more staff – don’t let the grass grow; consider it an investment into your company! After all – the more staff you have that are actually doing the job they were recruited for; the more income you will enjoy.
From a market research point of view – we have found that the market is moving extremely quickly for the higher calibre candidates and companies are actually bargaining amongst each other to secure the employment of those top candidates. That said…should we be thinking about what our company has to offer and why the candidate should choose us over anyone else? After all –recruiters have to sell to the candidate and the more we have to offer; the more chance you have to secure the right candidates and moving forward, secure their loyalty to you as well!
Below are the four Employment trends predicted for 2012;
1. Compensation Getting More Competitive for Skilled Positions
Employers expect compensation levels to increase for both current staff and prospective employees as recruiting for skilled talent becomes more competitive. Sixty-two percent of employers plan to increase compensation for their existing employee base while 32 percent will offer higher starting salaries for new employees.
Among functional areas where Human Resource Managers anticipate there will be the greatest increases in compensation at their organisations in 2012 are those tied to revenue generation, led by sales, information technology, engineering and business development.
2. Voluntary Turnover on the Rise
One-third (34 percent) of Human Resource Managers reported that voluntary turnover at their organisations rose in 2011. Employers pointed to the desire for higher compensation and feeling overworked as the top two reasons employees gave for resigning. Thirty percent of employers said they lost top performers to other organisations in 2011 and 43 percent stated they are concerned top talent may jump ship in the New Year.
3. Employers Bridging the Skills Gap by Training Employed/Unemployed
There is an increasing number of areas where demand for skilled positions is growing much faster than supply, prompting employers to take “re-skilling” workers into their own hands. Thirty-eight percent plan to train people who don’t have experience in their particular industry and hire them for positions within their organisations in 2012.
4. Employers Targeting Hispanic Workers, African American Workers and Women
Aware of the benefits diversity can bring to their organisation, 29 percent of employers said they will be focused on recruiting diverse workers to expand their employee demographics. One-in-five (20 percent) will be targeting Hispanic workers and African American workers to work for their organisations while the same number will be recruiting more women. Forty-four percent plan to hire bilingual workers in 2012.
If you are looking to recruit, or even require advise on your current situation please do not hesitate to contact the team at YourRecruit. We are happy to offer a consultative service in order to help you forecast your recruitment plan whether it be that you wish to recruit immediately or within the year – it would be our pleasure to assist you!
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