Nearly Half Of U.S. Companies Plan To Add Staff In The Second Half Of 2022

Rhea-AI Summary

The job market is projected to remain robust for the latter half of 2022, according to Robert Half's State of U.S. Hiring Survey. Key findings show that 46% of managers plan to hire for new roles, while 45% will increase contract talent. Concerns over employee turnover persist, with 78% of managers apprehensive about resignations. Employers face challenges in finding skilled talent, leading to 88% citing recruitment difficulties. Many are opting for higher salaries and flexible work arrangements to attract candidates. This trend highlights ongoing demand for skilled professionals in a competitive market.

Positive

• 46% of managers plan to hire new permanent roles.
• 45% will increase contract talent, especially in technology (60%) and finance (54%).
• 72% intend to hire more entry-level professionals.
• 88% of managers acknowledge challenges in finding qualified talent, leading to increased hiring efforts.

Negative

• 78% of managers are worried about employee turnover.
• 51% reported an increase in voluntary turnover within their departments.
• Challenges in hiring stem from a lack of qualified applicants (38%) and high salary expectations (22%).

• 46% are hiring for new roles; 45% will bring in more contract talent
• More than 3 in 4 managers still worry about workers quitting

MENLO PARK, Calif., Aug. 1, 2022 /PRNewswire/ -- The job market will remain strong for the latter part of 2022, research from talent solutions and business consulting firm Robert Half shows. According to the company's State of U.S. Hiring Survey of more than 1,500 managers, 46% of respondents anticipate adding new permanent positions during the second half of the year; another 46% expect to fill vacated positions and only 8% foresee hiring freezes or layoffs.

Companies' Plans for Hiring Permanent Staff
	Second Half 2021	First Half 2022	Second Half 2022
Adding new positions	51 %	65 %	46 %
Filling vacated positions	48 %	33 %	46 %
Not adding new or filling vacated positions	2 %	2 %	6 %
Eliminating positions	0 %	1 %	2 %

Increased Demand for Contract and Early-Career Talent
Forty-five percent of managers across practice areas plan to bring in more contract professionals by year-end — especially in technology (60%) and finance and accounting (54%). In addition, 72% of employers intend to hire more entry-level or early-career professionals.

"Despite talk of an economic slowdown, many companies remain in hiring mode — and professionals with in-demand skills continue to have options," said Robert Half senior executive director Paul McDonald. "In addition to staffing critical functions, employers are increasingly turning to contract talent to stay nimble while keeping projects moving forward and productivity high."

View Robert Half's Demand for Skilled Talent report for additional insight on hiring trends by profession.

Top Hiring Challenges and Strategies
According to the research, 88% of managers said it's challenging to find skilled professionals, primarily due to a lack of qualified talent (38%) and candidates' salary expectations being higher than what their company is willing to offer (22%).

In turn, employers who have the resources are using a range of recruiting tactics to win over skilled workers:

• 46% are increasing starting salaries.
• 34% are providing signing bonuses.
• 33% are offering remote options.
• 31% are evaluating candidates outside of their company's geography and allowing new hires to live anywhere.
• 28% are loosening education, skills or experience requirements.

View a video and infographics of the research highlights.

Employers Brace for More Quits
More than half of managers (51%) reported an increase in voluntary turnover within their department in the last year. And nearly 8 in 10 (78%) are concerned about more employees quitting. Those in marketing and creative (84%) and finance and accounting (79%) are most likely to worry about resignations from their team.

McDonald noted, "As long as the job market favors workers, staff retention will continue to be a big concern for businesses. Doubling down on employee wellbeing, empowerment and development initiatives can go a long way toward building staff satisfaction and loyalty as the market fluctuates."

About the Research
The online survey was developed by Robert Half and conducted by an independent research firm from June 17 to July 14, 2022. It includes responses from more than 1,500 managers with hiring responsibilities in finance and accounting, technology, marketing and creative, legal, administrative and customer support, and human resources at companies with 20 or more employees in the U.S.

About Robert Half
Robert Half (NYSE: RHI) is the world's first and largest specialized talent solutions and business consulting firm that connects opportunities at great companies with highly skilled job seekers. Robert Half offers contract and permanent placement solutions and is the parent company of Protiviti^®, a global consulting firm. Visit roberthalf.com and download the company's award-winning mobile app.

 

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SOURCE Robert Half

FAQ

What percentage of companies plan to hire in the second half of 2022?

According to the latest survey, 46% of companies plan to hire new permanent roles in the second half of 2022.

How many managers are concerned about employee turnover?

78% of managers are concerned about employees quitting their jobs.

What challenges are employers facing in hiring?

Employers face challenges in finding skilled professionals, with 88% of managers reporting difficulties due to a lack of qualified talent and high salary expectations.

What sectors are expected to hire more contract talent?

The technology sector (60%) and finance and accounting (54%) are expected to increase hiring of contract talent.

What actions are employers taking to attract skilled workers?

Employers are increasing starting salaries (46%), providing signing bonuses (34%), offering remote work options (33%), and loosening hiring requirements (28%).