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2018 Hiring & Staffing Trends

6 Hiring & Staffing Trends On The Rise In 2018

2018 Hiring & Staffing Trends

We’re in a new year which means new goals for candidates and companies alike. Many organizations are desperate to boost their talent by hiring employees poised for growth and advancement. Candidates, however, have a wealth of options in today’s candidate-driven market. Here’s a look at the staffing and hiring trends that will drive the job market in 2018.

Hiring Will Increase

Hiring was strong in 2017, the year ending with around a 4% unemployment rate. This push for hiring will continue to grow into 2018, with 61% of companies expecting to hire more talent in 2018 than the year previous. The best part? Companies are hiring to support growth – with 56% of employers aiming to use fresh talent to push growth agendas, and only 13% hiring to backfill open positions. (Source: Indeed)

Competition Is Hot

With the unemployment rate being so low, competition for hiring top talent is at an all-time high. 42% of employers are concerned about finding the candidate’s they need to fill new and existing positions.

The U.S. Tax Reform Bill

Whether you are for it or against it, the U.S. Tax Reform Bill was signed into law by President Trump on December 22. The tax reform will provide a whopping $1.5 trillion in tax cuts to corporations and businesses. These reductions in taxes may result in a boom in the economy and companies may look to create more jobs with their tax savings.

Increase In Contract Work

“In 2018 we expect to see a continued imbalance between a tight labor supply and fairly robust demand,” says Patrick Beharelle, CEO of TrueBlue. “And with such low unemployment, you tend to see more churn.” (Source: Monster) Rapid turnover in a candidate-driven market often increases the demand for temporary or temp-to-perm hiring. In 2018, employers will be eager to hire employees and train as they go in an effort to fill critical needs quickly.

Tech & STEM Will Lead The Way

2018 will continue to be a year of technological advancement and companies who want to stay competitive will be looking to hire top tech talent. Other STEM positions will also be in high demand as drones, streamlined product development, and data analysis become more and more prevalent in business operations. Between now and 2022, over one million new STEM jobs are expected to be created, with about half not even requiring a Bachelor’s degree. Additionally, 93% of STEM occupations boast wages above the national average and these numbers are expected to continue rising as competition for this skilled talent increases.

Healthcare is Now the U.S.’s Largest Employer

Due to the escalation of medical spending and the inevitable aging of the U.S. population, the Healthcare industry just surpassed the manufacturing and retail markets as the largest source of jobs in the United States.

Helathcare Changes on the Horizon That could Affect Industry Jobs, ACA, AHCA, politics, healthcare, jobs, recruiting, hiring, job search, medicaid, medicare, tax,

Healthcare Changes On The Horizon That Could Affect Industry Jobs

HEALTHCARE CHANGES ON THE HORIZON THAT COULD AFFECT INDUSTRY JOBS

Due to recent changes in administration, there are bound to be some changes in the healthcare industry that could affect the job landscape. Some negative, some positive, and some neutral, all we know is that change is afoot and the results remain to be seen.

The largest and most prominent catalyst for change is the replacement of the seven-year-old health care law, the “Affordable Care Act” or ACA. The new legislation that is being proposed to replace the ACA is officially called the “American Health Care Act” or AHCA.

One change that will most likely influence healthcare jobs if the AHCA became law is the elimination of the personal mandate. Previously, the Affordable Care Act made it necessary to have health insurance. Under the proposed American Health Care Act this mandate will disappear, making health insurance optional. This means, obviously, that the amount of people who lack insurance will increase, leading to a lack of demand for healthcare professionals. With a forecasted estimate of 24 million people being uninsured within the next few years, it is almost inevitable that jobs within the industry may decrease.

The AHCA is also calling for a change in the way that pre-existing coverage is determined. Under the proposed legislation, states (instead of the Federal Government) will be deciding what qualifies as a pre-existing condition. This could lead to a few different things. The most important being a possibility of changing the allocation of resources. Because states would be determining what qualifies as a pre-existing condition, jobs may be cut in certain areas, and created in others. This could lead to a huge relocation for some healthcare professionals, which may benefit some people, but not all.

Lastly, one change that will make a positive impact on the healthcare job market is the new state pool that will be provided by states who opt for it. The Patient and State Stability fund does just that – provides stability. It provides stability for insurers with expensive patients. This also allows patients who do not have coverage to fall back on this high-risk pool so that they can be treated. What does this mean for healthcare jobs? It means that certain parts of the industry, such as ERs across the nation, will be receiving more patients who rely on this high-risk pool. This will see a steady increase in demand for workers in these places, which will turn into more jobs in the industry.

There is no saying whether these changes I have mentioned will actually happen. As of right now, the American Health Care Act is just a piece of legislation that is on its way to the Senate to get edited, revised, and (maybe) passed. Until then, these are just speculations of what could likely happen to the healthcare industry job market. One thing is for certain though. As the New York Times put it, “While the government reported Friday that unemployment was at its lowest point on more than a decade, the health care industry has been an engine for much of that hiring, adding jobs at more than three times the rate of the rest of the economy since 2007.” The healthcare industry continues to thrive in America, and as long as patients need care, they will continue to thrive for years to come.