Right now, it’s a job seeker’s market. With a strong labor market, there are more job vacancies than employees needing to fill those vacancies, and U.S. employees can afford to be choosy about their next job. Recognizing their advantage, employers are offering more palatable packages to get them to stay, a trend documented in a new report released by CareerBuilder.
More pay raises and full-time work on the horizon
Tired of going from gig to gig? Good news, there are likely to be more full-time jobs. Sixty-three percent of U.S. employers are planning to hire full-time hires in the second half of 2018, up from 60% last year, according to the CareerBuilder’s survey of over 1,000 hiring managers and full-time U.S. workers.
The forecast is also predicting higher salaries and more perks for workers. Employers hiring for the second half of 2018 said they would be highlighting a casual dress code, employee discounts, and the ability to work remotely to attract more job talent.
To remain competitive in this strong economy, employers recognize that their job offers are going to need more dollar signs. Everyone is going to see a salary bump, even roles that do not require much experience. Seventy-one percent of hiring managers said they have to pay entry-level roles more money due to a tight talent pool. They also are likely to reward employees who are staying at their jobs. More than half — 58% of employers — plan to give out raises by the end of 2018.