Job Prospects to Remain Stable in Q4

How will the job market shape up for the remainder of 2013?

Recruitment? Newspaper!

Recruitment drive (Photo credit: Spanner Dan)

It will look a lot like last year.  One in four employers (25 percent) plan to add full-time, permanent headcount in the fourth quarter, relatively unchanged from Q4 2012 (26 percent).  Industries expected to outpace the national average for companies hiring include Information Technology (36 percent), Financial Services (32 percent) and Manufacturing (30 percent). Hiring among large healthcare organizations is expected to mirror the national average.

“Consistent hiring has been the theme throughout this jobs recovery,” said Matt Ferguson, CEO of CareerBuilder.  “Economic concerns are still looming. Some headlines in the news need to play themselves out before employers fully mobilize to create a more active job market. Companies will continue to produce an even stream of new jobs in the fourth quarter as they assess their positioning and prospects for the coming year.”

Hiring in Q3 2013
Twenty-eight percent of employers added full-time, permanent headcount in the third quarter.  This is down from 32 percent last year and indicative of a market that, while stable, still wrestles with uncertainty.  Eleven percent decreased headcount, compared to 12 percent in 2012.  Sixty percent made no change to staff levels while 1 percent were unsure.

Hiring in Q4 2013
Looking ahead, 25 percent of employers plan to hire full-time, permanent employees, similar to the 26 percent of companies who planned to hire during the same period in 2012.  Nine percent expect to downsize staffs, the same as last year.  Sixty-one percent anticipate no change and five percent are undecided.

Temporary Hiring
Thirty-two percent of employers plan to hire temporary or contract workers in the fourth quarter, relatively unchanged from 33 percent last year.  Twenty-two percent reported that they will transition some temporary or contract staff into permanent employees before the end of the year.

Hiring By Company Size
Although small businesses continue to trail large organizations in the percentage of employers hiring, recruitment activity among companies of all sizes will remain relatively steady over the next three months.

  • 50 or fewer employees – 15 percent plan to add full-time, permanent staff in Q4 compared to 16 percent last year; 8 percent expect to reduce headcount compared to 7 percent last year
  • 250 or fewer employees – 18 percent plan to add full-time, permanent staff in Q4 compared to 20 percent last year; 9 percent expect to reduce headcount compared to 8 percent last year
  • 500 or fewer employees – 20 percent plan to add full-time, permanent staff in Q4 compared to 21 percent last year; 9 percent expect to reduce headcount compared to 8 percent last year
  • More than 500 employees – 32 percent plan to add full-time, permanent staff in Q4 compared to 34 percent last year; 11 percent expect to reduce headcount compared to 9 percent last year

Read the full report here.

From: CareerBuilder

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