ARTICLES, BLOGS & VIDEOS

The latest news, trends and information to help you with your recruiting efforts.

Posted May 10, 2013 by

Cost to Employer of Bad Hire Exceeds $50,000

Matt Ferguson, CEO of Careerbuilder

Matt Ferguson, CEO of Careerbuilder

A new study shows that hiring the wrong person can have serious implications for companies. More than half of employers in each of the ten largest world economies said that a bad hire (someone who turned out not to be a good fit for the job or did not perform it well) has negatively impacted their business, pointing to a significant loss in revenue or productivity or challenges with employee morale and client relations.

For example, among those reporting having had a bad hire, 27 percent of U.S. employers reported a single bad hire cost more than $50,000. In the Eurozone, bad hires were most expensive in Germany, with 29 percent reporting costs of 50,000 euros ($65,231) or more. In the U.K., 27 percent of companies say bad hire costs more than 50,000 British pounds. Three in ten Indian employers (29 percent) reported the average bad hire cost more than 2 million Indian rupees ($37,150), and nearly half of surveyed employers in China (48 percent) reported costs exceeding 300,000 CNY ($48,734). (more…)

Posted May 03, 2013 by

10 Hottest Majors for Job Seeking College Grads

Matt Ferguson, CEO of Careerbuilder

Matt Ferguson, CEO of Careerbuilder

Which college majors stand to fare better in today’s job market? Which industries and locations are seeing the most growth in entry-level jobs for college-educated workers? New research  shows where the jobs are and what employers are willing to negotiate in job offers for America’s next generation of workers.

“More than half of employers reported they plan to hire recent college graduates this year,” said Matt Ferguson, CEO of CareerBuilder. “College students who are graduating in business, technology and health-related majors will have an advantage in terms of the volume of opportunities available today. However, other majors such as liberal arts and sciences are also attractive to employers as they look for individuals with strong communications and critical-thinking skills.”

In-Demand College Majors

In a nationwide online survey of more than 2,000 employers, CareerBuilder and Harris Interactive© asked companies which college majors were most in demand at their firms. Similar to last year, business and technical majors are the most sought after: (more…)

Posted April 04, 2013 by

23% of Employers Plan to Hire Additional Workers in Q2

Matt Ferguson, CEO of Careerbuilder

Matt Ferguson, CEO of Careerbuilder

Stable hiring is expected for the second quarter as U.S. employers continue to size up a market that is producing moderate economic growth, according to CareerBuilder’s latest job forecast. Twenty-six percent of employers plan to increase full-time, permanent headcount in the next three months, similar to projections for the previous two quarters, but trending below Q2 estimates last year.

The national survey, which was conducted online by Harris Interactive© from February 11 to March 6, 2013, included more than 2,000 hiring managers and human resource professionals across industries and company sizes.

“The U.S. job market is in a better place today, but concerns over spending cuts, wavering global economies and other factors are weighing on employers’ minds,” said Matt Ferguson, CEO of CareerBuilder. “We expect continued stability and improvement as the year goes on. When we look at listings on CareerBuilder.com, job growth isn’t confined to technology and healthcare and other areas that have fared well post-recession. The rebound in the housing sector is having a positive influence on job creation for related industries that have been struggling.” (more…)

Posted March 20, 2013 by

41% of Employers Suffering Loss of Productivity Due to Difficulty Hiring for I.T., Sales, Engineering, Other Positions

Matt Ferguson, CEO of Careerbuilder

Matt Ferguson, CEO of Careerbuilder

The growing deficit of skilled labor needed to fill in-demand jobs is causing a drag on employers across the globe. A significant number of employers in the ten largest world economies said that extended job vacancies have resulted in lower revenue and productivity and the inability to grow their businesses. Employers in China were the most likely to report having open positions they cannot fill and corresponding negative effects on their company performance. Russia houses the largest percentage of employers reporting a revenue shortfall tied to extended job vacancies while the U.S. is among those most likely to report a productivity loss. Japan ranked high among those who said the inability to find skilled talent has impeded expansion of their businesses.

The global CareerBuilder survey, conducted online by Harris Interactive© from November 1 to November 30, 2012, included more than 6,000 hiring managers and human resource professionals in countries with the largest gross domestic product.

“The inability to fill high skill jobs can have an adverse ripple effect, hindering the creation of lower-skilled positions, company performance and economic expansion,” said Matt Ferguson, CEO of CareerBuilder. “Major world economies are feeling the effects of this in technology, healthcare, production and other key areas. The study underlines how critical it is for the government, private sector and educational institutions to work together to prepare and reskill workers for opportunities that can help move the needle on employment and economic growth.” (more…)

Posted January 16, 2013 by

Optimism By Employers: India Most and Italy Least

Matt Ferguson, CEO of Careerbuilder

Matt Ferguson, CEO of Careerbuilder

A new job forecast for the 10 largest world economies tells a tale of both confidence and caution. Brazil and India are voicing the greatest confidence with more than two-thirds of employers in these markets planning to add full-time, permanent headcount in 2013. Italy is the least optimistic, housing more employers who expect to decrease staff than those who expect to hire.

“The job outlook presents varying degrees of growth and deceleration as governments and businesses strive to rebuild and expand and deal with large deficits,” said Matt Ferguson, CEO of CareerBuilder. “Hiring activity in the BRIC countries (Brazil, Russia, India and China) is projected to be significantly higher than other markets while recruitment in Europe remains sluggish as leaders struggle to resolve a debt crisis that has global implications. The overall hiring picture is improving, but companies will remain watchful as they navigate headwinds and maneuver through somewhat precarious economic terrain.” (more…)

Posted December 29, 2012 by

26% of Employers Plan to Add Full-Time Employees in 2013

Matt Ferguson of Careerbuilder

Matt Ferguson of Careerbuilder

2013 is expected to usher in more jobs, but U.S. employers will continue to play it safe, according to a new annual hiring forecast. Twenty-six percent of hiring managers plan to add full-time, permanent employees in the New Year, up three percentage points over 2012. The study also points to heightened competition for high skill labor and improved compensation trends.

The nationwide survey was conducted for Careerbuilder by Harris Interactive from November 1 to November 30, 2012 and included more than 2,600 hiring managers and human resource professionals and more than 3,900 workers across industries and company sizes.

“More than 60 percent of employers reported that they are in a better financial position than last year and more than 40 percent said their sales increased over the last six months,” said Matt Ferguson, CEO of CareerBuilder. “While this bodes well for job creation, employers are still assessing the implications of a weakened global market and a modest recovery at home. The guarded approach to hiring that has been evident over the last few years was sustained in part by concerns over the fiscal cliff during the time of the survey. We don’t expect 2013 to bring any big surprises in regard to employment, rather it will continue on a path of stability and gradual growth barring any significant economic disruptions.” (more…)

Posted December 06, 2012 by

18 Fields Likely to Produce Most Jobs in 2013

Matt Ferguson, CEO of Careerbuilder

Matt Ferguson, CEO of Careerbuilder

A newly released study by Economic Modeling Specialists (EMSI) provides some interesting insights into the fields likely to produce the most new jobs in 2013.

“Where the U.S. will produce the most jobs in 2013 is likely to follow growth patterns of the last few years,” said Matt Ferguson, CEO of CareerBuilder. “It’s no surprise that technology and engineering occupations comprise six of the top ten positions on our list, but workers should also see more opportunities in production-related fields, marketing, healthcare and financial services. The competition for educated, specialized labor has intensified as market demands increase in both the manufacturing and services sectors.”

Occupations requiring bachelor degrees that have produced the most jobs post-recession include the following: (more…)

Posted October 25, 2012 by

5 Top Cities For Job Seekers Looking for Seasonal Work

Matt Ferguson of CareerbuilderRetailers are stocking their stores with more than just merchandise going into the holiday season – they are also adding more seasonal help, according to a new survey. Thirty-six percent of retailers plan to have extra hands on deck around the holidays, a healthy jump from 29 percent in 2011. The survey was conducted for Careerbuilder by Harris Interactive among more than 2,400 employers between August 13 and September 6, 2012.

While seasonal hiring is expected across the entire country, the five cities with the largest economies and plans to hire include: (more…)

Posted October 08, 2012 by

26% of Employers Plan to Hire Full-time, Permanent Employees In Next 3 Months

Matt Ferguson of CareerbuilderA recent survey of more than 2,000 employers nationwide is pointing to a more upbeat fourth quarter. Twenty-six percent of employers plan to add full-time, permanent headcount in the next three months, up five percentage points from 2011 and closely mirroring pre-recession estimates (27 percent). The study was conducted for Careerbuilder by Harris Interactive© from August 13 to September 6, 2012 and included 2,494 hiring managers and human resource professionals and 3,976 workers across industries and company sizes.

“This is the most optimistic fourth quarter projection since 2007,” said Matt Ferguson, CEO of CareerBuilder. “We’re seeing continued evidence of stability and growth in the U.S. job market. A dramatic upswing in hiring is not likely to happen in the near term, but we’re setting the stage for better job creation in 2013 and beyond.” (more…)

Posted January 18, 2012 by

Employers Willing to Pay for Relocation

As 2012 ushers in an improving, but still highly competitive job market, more workers may be looking beyond their own backyard for employment options. Forty-four percent of workers said they would be willing to relocate for a career opportunity, according to a new nationwide study. Of workers who were laid off in the last year and found new jobs, 20 percent relocated to a new city or state.

At the same time, employers struggling to find workers for skilled positions said they are willing to pay to bring talent to their locations. Thirty-two percent reported they would be willing to pay to relocate new employees in 2012. Nineteen percent would be willing to pay a smaller first year salary in order to giving a signing bonus to relocate an employee. The national survey was conducted from November 9 to December 5, 2011 among more than 3,000 employers and more than 7,000 workers. (more…)