In order to keep up with today's competitive job market, many employers will be instituting different hiring strategies in 2016, new research finds.
Besides paying workers higher starting salaries, many employers will focus on giving more opportunities for low-skill employees to move up the ranks, hiring younger interns and looking for new employees from outside the United States, according to a new study from CareerBuilder.
Based on the research, CareerBuilder uncovered several key trends that will help shape the employment landscape in 2016.
- Low skill to high skill: With most employers worried about a growing skills gap, many companies will work on developing their own pipeline of talent. The study found that 33 percent of businesses plan to hire low-skill workers and invest in training them for high-skill jobs.
- Younger interns: In order to encourage the next generation to pursue STEM-related jobs and other in-demand positions, many employers plan to start building relationships with younger students. The research shows that 25 percent of employers will hire high school students as interns over the next year.
- Higher salaries: In order to retain and attract top talent, 83 percent of companies expect to increase compensation for existing employees, while 66 percent will offer higher starting salaries for new workers. "While employers have been more willing to pay a premium for high-skill labor, they now have to pay more competitive wages for entry-level positions," Matt Ferguson, CEO of CareerBuilder, said in a statement. "Workers are gaining leverage."
- Crossing borders: To help fill open jobs, employers won't just be focusing their attention on U.S. employees. Nearly 20 percent of those surveyed will hire workers with H-1B visas in 2016 to temporarily employ foreign-born workers for specialized jobs.
- Leadership demographics: Many employers plan to diversity their management teams in 2016. The research shows that 55 percent of businesses plan to hire or promote more women for management roles, with 53 percent planning to do the same for minority workers. In addition, 47 percent expect to promote workers under age 30 into management roles.
Overall, 36 percent of employers plan to add full-time permanent employees in 2016, the same as 2015, with just 10 percent expecting to decrease staffing levels. [Hiring Overqualified Employees Might Be Good for Your Business ]
Customer service positions will see the most influx this year. The research revealed that 32 percent of employers plan to add new customer service positions in 2016, with 29 percent adding information technology jobs and 27 percent making new sales hires.
In addition, 24 percent will add production jobs, 20 percent will make new administrative hires and 18 percent will bring on more marketing staff members.
The study discovered that small businesses are much more bullish about their financial prospects in 2016 and are looking to expand their staff. Specifically, 27 percent of businesses with less than 50 employees plan to hire full-time, permanent employees, up from 20 percent last year. Additionally, 33 percent of businesses with 250 or fewer employees plan to hire full-time, permanent workers, up from 29 percent last year.
The research was based on surveys of 2,338 U.S. hiring and human resource managers.