CareerBuilder recently published their 2015 U.S. Job Forecast, and from it comes good news for job seekers. With more than one third of employers - 36% - expecting to add full-time, permanent employees in 2015, this year has the best jobs outlook from CareerBuilder’s survey since 2006.
Last year employers were more hesitant to expand their workforce, with 24% of employers expecting to add full-time permanent employees. Furthermore, the number of companies expecting to decrease staff in 2015 dropped to 9% from 13% last year.
The percentages of employers hiring full-time, permanent employees in IT (54%), Financial Services (42%), Manufacturing (41%) and Healthcare1 (38%) are expected to outperform the national average.
Top Areas for Full-time, Permanent Hiring
STEM occupations, those in science, technology, engineering and math, are hot areas for hiring. Thirty-one percent of hiring managers plan to create jobs in these areas in 2015, up from 26% last year.
Advancements in technology have created more tools with which companies can improve efficiency and security, and therefore companies are expected to grow their headcount in related fields. These include cloud, mobile or search technology, cyber security, managing and interpreting Big Data, alternative energy sources, anti-terrorism and robotics.
Job seekers looking for new opportunities in the sales, customer service, IT, production or administrative fields could have many opportunities to choose from. These fields are the top five areas in which employers are looking to hire full-time staff in 2015.
Temporary and Contract Hiring
Forty-six percent of employers plan to hire temporary or contract workers in 2015, up from 42% in 2014. Of these companies, 56% plan to transition some temporary or contract workers into full-time, permanent roles.
Trends to Watch in 2015
1. Minimum wage increasing
In 2015, 45% of employers plan on raising the minimum wage within their organization. Of these, 53% will raise it by $2 or more per hour, while 32% will raise it by $3 or more. Nearly one in five employers (18%) will pay $15 or more per hour.
2. Small business ramping up
Increase market demands will have small businesses expanding their staff. Of businesses with 250 or fewer employees, 29% expect to add full-time, permanent workers, up from 22% last year.
3. Stricter education requirements
Skills required for positions are evolving, which means companies (26%) are hiring more workers with master’s degrees for jobs that once required four-year degrees. Thirty-seven percent are now hiring workers with college degrees for jobs that had been primarily held by workers with high school diplomas.
4. Part-time jobs increasing
Up six percentage points from 2014, 23% of employers expect to recruit part-time workers over the next 12 months. The Affordable Care Act, among other factors, will influence this trend with 14% of all employers stating they will hire more part-time workers in 2015.
5. Cubicle walls coming down
Thirteen percent of employers reported that they will be implementing an open space floor plan in 2015.
Greater employment demand may help to boost compensation at various levels within an organization. Eighty-two percent of employer plan to increase compensation for existing employees. Last year this figure was 73%. Sixty-four percent will offer higher starting salaries for new employees, up from 49% last year. Sales and IT professionals are the most likely to receive raises.
Read CareerBuilder’s full report here.
1 Large healthcare organizations with 50+ employees