As each year winds down and the dropping of the Times Square ball gets closer, you can’t help but be a little reflective. Best-of lists that populate every blog and newspaper—ahem–and most of December seems to be about looking back rather than looking ahead. But once we get to the new year, that all changes and we make resolutions and predictions. We’re going to lose 10 pounds. We’re going to clean out the garage. We’re going to be more financial responsible. We’re going to get a new job.
Wait, a new job? Can we do that in 2011?
According to CareerBuilder’s 2011 Job Forecast, yes. The survey of more than 2,400 hiring managers and HR professionals found 24 percent of employers intend to hire full-time, permanent employees in 2011. That’s an increase from 20 percent in 2010 and 14 percent in 2009. Meanwhile, only 7 percent intend to decrease headcount, which is a stark contrast to the 16 percent who said so in 2009.
Part-time hiring continues to improve at a gradual pace. Thirteen percent of surveyed employers will hire part-time employees in the coming year, and only 5 percent intend to decrease part-time headcount.
What to expect
If finding a new job in 2011 is among your priorities, you probably have two questions: First, who’s hiring? Second, how much will I earn?
To that first question, look to contract and temporary hiring as the most likely avenues for employment, 34 percent of hiring managers will hire temporary workers this year. Employers turn to contract and temporary hiring because they don’t need employers to work on permanent, full-time projects at present. Plus, there are HR-related issues (such as limiting headcount) that are avoided with temp workers. One of the benefits to temporary and contract work is that it offers employees a glimpse of that organization’s culture without having to commit to a full-time position. Also, it is one way to earn some valuable face time with that employer and be at the top of his or her list when a full-time position does open.
Now, when it comes to paychecks, expect to see the same caution from employers. Because of increasing responsibility and demands beings placed on workers, 41 percent of employers worry that their best talent will quit once the economy improves. Therefore, 61 percent of employers intend to increase pay for existing staff in the coming year, but the average raise will be 3 percent or less.
For job seekers, the good news is that 31 percent of employers will provide higher initial job offers to candidates than they have in the past, the majority of those offers will only be 1 to 3 percent higher.
Where to look
So now that you know what to expect, you probably want to know where to look. Geographically speaking, the West leads all regions, with 26 percent of hiring managers in that area planning to hire full-time, permanent employees. However, the other three regions aren’t far behind, with 24 percent of Northeastern employers planning to do so the same, and 23 percent in both the Midwest and South.
Where you do see more difference in hiring is in the industry breakdown. Of employers who are hiring, 27 percent will be hiring because they intend to focus on their customers and improving business. Information technology and customer service trail only by 1 and 2 percent, respectively. Rounding out the top five industries for hire in 2011 are engineer and technology.
Let us know what your thoughts are on finding a new job in 2011. What are your plans for the year? Do you think you’ll have better luck than in 2010?