October 21, 2008
Q4 Job Forecast
Recruiting Trends provides a summary of CareerBuilder and USA Today’s Q4 Job Forecast and there are some interesting trends. First, according to the survey workers are postponing active job searches but are open to a change if the right one comes along. Of the 6,100 workers surveyed, 38% are planning to sit tight for the next year and wait for the economy to swing back while 41% plan on staying until retirement.
This “squatting” will create some tension in that 23% of employers plan to add full-time, permanent employees in the next three months and 34% say they are having a hard time finding qualified candidates, especially in highly-skilled areas. Not surprising, is it?
Finding the right candidate will be difficult over the next 3 months. The holidays are a difficult time, in general, to fill positions. This holiday season will be even more of a challenge. Posting ads through the big job boards or local newspapers will probably not produce the results you are looking for. I would suggest making a strong push through your network as your primary sourcing channel. This approach will provide the best chance at finding, and hiring, the right candidate.