Increasing the workforce
According to a recent study conducted by Indeed, the popular job posting website, small businesses in 2016 are planning to aggressively grow their workforce and hire more people. This is definitely good news for the recovering job economy as it means more opportunity, more jobs to choose from and no more wandering aimlessly around various job sites searching for the right job. But more job selections means small businesses have to start worrying about holding on to their employees, and avoiding increased turn-around.
So while hiring will definitely be popular this year, attrition and other factors will determine just how that happens.
Replacing staff with fresh talent
Staff replacement, and business growth are also determining factors. In fact, 50% of employers are looking to replace existing staff. This could be for younger, fresh talent, or for more qualified individuals who can handle growing business needs. Similarly, 68% of small businesses practicing short term hiring, are looking to hire because of growth. This stat is a key indicator of small business success in 2015, and demand for a workload that can support business processes to hopefully increase that same success into 2016.
In addition to the aforementioned factors, the survey collected other stats useful for both job seekers, and employers.
Seasonal and part time rising
The most surprising is the expected popularity of part time positions. Instead of investing in full time workers, 48% of small business prefer part time in order to accommodate seasonal needs. This allows them to avoid spending money on staff during downtime, while only spending at the most productive times.
Another not so surprising fact is that 83% of small businesses post their job openings, and recruiting needs online. This is critical for job seekers to know where to start their job search, and it is equally important for small businesses to know where to target their opportunities.
Outlook for 2016
Overall, Indeed has shed some harsh, but much needed light on hiring trends this year. Yes- the job economy has improved, and small business are experiencing successful growth. But certain truths still remain the same no matter the year or size of company: some will have more opportunities to choose from, while others may be replaced and not have a job to look forward to. If you want to take a look at the executive summary and other interesting numbers, you can head to their site.
