Are Businesses Still Cautious About Hiring in 2014?

Are Businesses Still Cautious About Hiring in 2014

Are Businesses Still Cautious About Hiring in 2014?

According to CareerBuilder’s annual forecast for 2014, businesses are cautious about hiring. 24% of companies that participated in a CareerBuilder survey said that they expect to add full-time, permanent employees in 2014. Not only is that number low, it’s a drop of two percentage points when the question was asked in 2013.

The survey also revealed that 13% of companies asked said they plan to actually decrease staff levels. That is up from 9% last year. 54% of the companies asked said that they aren’t anticipating any changes whatsoever in staffing levels.

Even though many people believe that there will be a better job market in 2014, CEO of CareerBuilder Matt Ferguson points out that the survey shows reluctance for some employers to commit to adding jobs until the outcomes of debt negotiations and other issues affecting economic expansion are clearer. Despite this hesitance, career experts still feel that the average monthly job creation in 2014 will exceed that of 2013.

The survey also found that temporary staffers are making up a larger share of the employment picture than they have before. 42% of employers plan to hire temporary or contract workers in 2014, up from 40% last year. Of these employers, 43% plan to transition some temporary employees into full-time, permanent members of their staff.

The good news for staffing agencies in all of this is that even though employers are hesitant to take on full-time workers, part-time and temporary hiring is expected to increase in 2014.

World Wide Specialty Programs has always had a singular purpose – to design, develop and provide temporary staffing insurance for the staffing industry. Working with over 2,000 insurance brokers nationwide, we know the staffing industry better than anyone, and can provide great options for your staffing industry insurance needs. Contact us today for more information about our staffing agency insurance solutions(877) 256-0468.