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July 5, 2012

Second Half 2012 Hiring Forecast Shows Improved Prospects

Filed under: General HR Buzz11:04 am

As I get older, the years seem to go by faster and faster.  It seems impossible that half the year is already in the bag, but we celebrated our nation’s 236th birthday yesterday, and with that marked the beginning of the back end of 2012.  It wasn’t even that long ago that we explored the annual job outlook topic: prospects for new grads.  If the 2012 CareerBuilder.com U.S. Mid-Year Job Forecast is on-target, hiring will continue to show improvement over 2011 in Q3 and Q4 2012.

Here are some highlights from the survey:

  • Hiring for all types of employees is expected to continue to rise – 44% plan to hire new full-time employees, compared with 35% in 2011; and 21% will be hiring part-time or contract employees.
  • As expected, hiring in small business is lagging behind larger organizations, only showing a 1% improvement over 2011 in businesses with fewer than 50 employees.
  • While all regions of the U.S. show an improvement in hiring, out West is the place to go if you’re a job-seeker: 47% report they will be hiring full-time employees – compared with 35% in 2011.  The Midwest showed the most modest change (8% over 2011), but was still behind other regions.
  • Top functional areas for new hiring continue to be those that directly impact revenue: Customer Service (24%), Information Technology (22%), and Sales (21%) round out the top three.
  • New hot jobs are emerging among those who plan to hire.  More employers are reporting their companies have created entirely new positions to respond to ever-changing business needs.  No surprise here: 16% of employers said that positions tied to social media were created within the last five years.
  • As the year wraps up, it also appears that workers feel better about the prospect of changing jobs.  Up 3% from Q2 2011, 21% of employers reported top workers had left their organization in pursuit of greener pastures.

Note: Survey was conducted online with over 2,200 U.S. hiring managers and HR pros, plus 3,800 U.S. workers (employed full-time).

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