The job market looks resilient heading into 2024, according to a study by Robert Half International Inc. (NYSE: RHI).
Its survey of hiring mangers found 57% plan to add new, permanent positions in the first half of 2024. That’s down only slightly from 58% in a similar survey last year. In addition, 39% anticipate hiring in the first half of 2024 for vacated positions, and 67% expect to hire contract workers.
Company growth was the top reason for increased hiring, cited by 66% of respondents.
“Job openings continue to exceed the number of professionals looking for work,” Dawn Fay, operational president of Robert Half, said in a press release. “With hiring expected to increase early in the year, employers need to have a strategic hiring plan in order to land the talent they need.”
The survey also found that 90% of hiring managers reported difficulty finding skilled professionals. And 58% said it takes longer to hire for open roles compared to one year ago.
Top factors contributing to hiring challenges include:
- Finding candidates who align with the company culture, cited by 49% of respondents
- Meeting candidates’ salary expectations, 48%
- Lack of candidates applying for open roles, 42%
- Retaining talent was also a concern, 91%
Robert Half’s survey included more than 1,850 managers with responsibility for hiring personnel in finance/accounting, technology, marketing, legal, administrative, and customer support and human resources. Hiring managers were at companies that had 20 or more employees in the US. The survey took place from Nov. 1 to Nov. 20, 2023.
