Job insights for the Second Quarter of 2018

Apr 02

By: Joe Clancy

Owner of Express Employment Professionals, Sanford, NC 

 

To provide accurate and timely employment forecasts for business leaders, Express Employment Professionals International Headquarters conducts an ongoing Job Insights survey to track quarterly hiring trends across a wide range of industries.
 

Express surveyed business owners, decision makers, and human resource professionals about the overall hiring trends in their markets and how they impact their hiring decisions.
 

First quarter 2018 optimism carries over into the second quarter.
Quarter over quarter, optimism for 2018 remains steady with 91% of respondents who expect either an upward trend in hiring needs or to at least maintain current levels during the second quarter. Only 8% expect employment activity to trend down—the lowest percentage in four quarters. In fact, 93% of companies represented in the survey do not plan to eliminate any positions in the surveyed segments during second quarter.
 

The top segments hiring in the second quarter include general labor (industrial), skilled Labor (industrial), administrative/office clerical, and accounting/finance. Additionally, the segments creating the most new positions include engineering, marketing, IT, accounting and finance, and skilled labor.
 

Talent with the right mix of experience and expertise is at a premium.
A recurring theme across the past four quarters—access to skilled workers—continues to plague businesses. In a job seekers’ market, businesses must go the extra mile and be more creative in the way they recruit top talent. Only 18% of respondents said all their positions are filled—a 2% decrease quarter over quarter. Additionally, since the second quarter of 2017, the number of businesses that say it is “somewhat” or “very” difficult to fill positions has increased from 65% to 75%.
 

Survey respondents noted that the top reasons their jobs go unfilled include:

  1. Lack of applicants in general (37%)
  2. Lack of applicants with experience (36%)
  3. Lack of applicants with hard skills (24%)

Year over year, the challenge of finding skilled workers is only becoming more difficult. Although the economy appears to be growing healthier every day, if we don’t find a practical way to address the ever-widening skills gap, that forward momentum could come to an abrupt stop.
 

Economic indicators show signs of improvement for stagnant wages.
Despite the improving health of the economy during the past several years, wages for most segments of the workforce have remained stagnant. However, the tide is beginning to turn as a tighter labor market, economic confidence, and lower taxes may finally help drive higher wages for many workers.
 

Over the next three months, 40% of business leaders expect wages to go up, an 8% increase over the second quarter 2017, and 59% expect wages to stay the same. Only 1% of companies expect wages to decrease over the next three months.
 

About Express Employment Professionals
Express Employment Professionals puts people to work. It generated $3.4 billion in sales and employed a record 540,000 people in 2017. Its long-term goal is to put a million people to work annually.

The Sanford Express office is located at 307 N Horner Blvd and serves Lee Harnett, Hoke and Moore counties.  Local businesses and applicants are encouraged to stop by, visit www.expresspros.com/sanfordnc or call (919) 775-1292.



View all Chamber Blog entries
Comment on this article
map View All Maps

BLOG ARCHIVES


RECENT NEWS

Aug 17 - DMV: Changes in progress at Lee office

Wait times at the Lee County office of the Division of Motor Vehicles may decrease now that staffing levels have increased.…

Aug 10 - Chamber of Commerce welcomes new chairman and board members

The Sanford Area Growth Alliance Chamber of Commerce Board of Directors has welcomed four new members to the Board. *Article…

View All News
UPCOMING EVENTS

In my current role as CEO of the Boys & Girls Clubs, it is very important for..." read more

Daniel Simmons
CEO for the Boys and Girls Club of Sanford/Lee County


© Copyright 2018. All rights reserved.

YOUR CHAMBER

PROGRAMS

BUSINESS SERVICES

QUALITY OF LIFE

NEWS & MEDIA

ABOUT US