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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.

Award-Winning, Customizable Approach to Staffing

 

Unique value starts with having an experienced team then combining that with an understanding of how to effectively apply that expertise. Johnson Service Group (JSG) is a privately held organization, with the scale that allows us to provide a unique value to our client partners. It is our priority to understand our partners strategy and needs to fully customize a workforce solution specifically designed with the team and culture in mind.

Our flexible staffing approach has a proven value and with great success, comes tremendous growth. We are pleased to be named to the following prestigious lists by Staffing Industry Analyst (SIA): 2017 Largest Staffing Firms in the U.S., 2017 Fastest Growing Staffing Firms in the U.S., and the 2017 Largest Engineering Staffing Firms in the U.S. for the last four years.

SIA is the global advisor on staffing and workforce solutions. The list of Largest Staffing Firms was comprised of 144 companies that generated at least $100 million in U.S. staffing revenue in 2016. The 110 companies named to the Fastest-Growing Staffing Firms list experienced at least 15% compound annual growth in revenue from 2012 through 2016. The Largest Engineering Staffing Firms list focused on the top 25 firms who account for 67% of the market, by SIA estimates.

Our growth comes from approaching relationships with flexibility and transparency. Allow us to find the right people for the team, so leadership can focus on growing business.

Learn more about JSG services and review a full list of industries we serve.

 

Minimum Wage Increase In Northeast - And How Staffing Agencies Can Help, Johnson Service Group, Johnson Search Group, jobs, hire, wages, staffing agencies, JSG, minimum wage, northeast

Minimum Wage Increase In The Northeast – And How Staffing Agencies Can Help

With 19 states having raised the minimum wage level, which went into effect at the onset of 2017, many large companies have been left grappling with huge increases in labor costs. The northeast particularly is being hit hard as most of the states in the region are on the increase list: New York (+.70 hrly), Massachusetts (+$1.00 hrly), Vermont (+.40 hrly), Connecticut (+.50 hrly), Maine (+$1.50 hrly) and New Jersey(+.06 hrly). Additionally, in 2016 New York state lawmakers approved measures which will set the NYS minimum hourly wage to $15.00 by 2019, almost a full $4 hourly increase per head.

For many companies, this cost does not come easily and the talk of layoffs is in the air. For some workers, this will even mean being reduced to part-time to minimize company spending on employee benefits. No matter how companies are coping, the issue of how to manage with the new costs weigh heavily.

Minimum Wage Increase In The Northeast And How Staffing Agencies Can Help

Image c/o New York Times

Luckily, staffing firms are coming to the rescue. The method of coping with the issue comes in revisiting how companies hire. Instead of worrying about how to pay a larger group of minimally qualified employees a higher salary, companies are reaching out to staffing agencies to hire more qualified employees with salaries they deserve.  A single vetted and qualified $12.00 an hour laborer can possibly do the same quality job as 3 unqualified laborers, previously being paid less.

Furthermore, many companies are reportedly finding that when they have more qualified people, they spend less on training overheads. Without the fruitless lay time that occurs when training new laborers, there is a significant increase in production. This is especially true for factory and manufacturing workers for whom costly special training staff is often needed.