5 hot hiring trends every job seeker should know from CareerBuilder’s annual job forecast

2018 forecast

Forty-four percent of employers plan to hire full-time, permanent employees in the New Year.

Is hunting for a job on your list of new year’s resolutions? With companies struggling to get new employees in the door, they are exploring various sources for job candidates and increasing compensation in 2018. Here are five trends every job seeker should know from CareerBuilder’s annual job forecast report.

1. Capturing new talent early – Since competition is tight, employers will start courting college students early – 64 percent plan to hire recent college graduates this year.

2. Importing talent – Employers will be looking beyond borders to find talent, with 23 percent planning to hire workers from other countries to work in the U.S.

3. Re-engaging past employees – Employers will increase outreach to workers who know their business and have a history with them: 39 percent plan to hire former employees in 2018.

4. Hiring for potential – Sixty-six percent of employers said they will train and hire workers who may not have all the skills they need, but have potential; 44 percent of all employers plan to train low-skill workers who don’t have experience in their field and hire them for higher-skill jobs.

5. Boosting compensation – While wage gains have not reached desired levels, employers will become more aggressive with compensation levels for in-demand workers: 30 percent plan to increase starting salaries for new employees by 5 percent or more while 36 percent will do the same for existing staff.

Want to learn more? Check out the full report here.