A new report indicates that a hiring surge could be around the corner as the country recovers from hard times. Although the employment landscape has been unpredictable over the last couple of years due to the effects of the COVID-19 pandemic, current signs show it’s turning around. Over 90% of companies plan to onboard new employees over the next year. The employment outlook is positive, with an upcoming hiring surge expected in the coming year. Middle-wage jobs likely will not grow significantly.
Where the Hiring Surge Will Occur
These jobs include construction workers, customer service reps, maintenance workers, and truck drivers. Alternatively, jobs with high earnings and lower pay should demonstrate rapid growth, with eight million new job openings anticipated by 2023.
Competitive Labor Market
The current labor market is competitive, with experts issuing hiring surge predictions. Employee retention is essential for employers, and wages will continue increasing. Business owners report that their top priorities in the coming year include employee recruitment and corporate culture.
Employee Trends
On the employee side, 30% of currently employed managers actively search for new jobs. Employees report that their job satisfaction depends primarily on company culture, with salary/benefits and flexible scheduling following closely. After the experiences of the COVID-19 quarantine, employees prize the ability to work from home and value employers who display trust in their ability to self-manage. Staffing professional liability insurance is a wise move for employers to ensure protection in an environment where employees are demanding improvements in work life and benefits.
Hiring Trends in Data Analysis
Data plays an essential role in nearly every single industry, from accounting and customer service to marketing and finance. Employees in this sector gain value for problem-solving and analytical abilities and can apply them in various roles across various industries. Accountants, auditors, marketing specialists, and market research analysts are poised to see the most significant increases in employment.
Hiring Trends in Healthcare
The healthcare field is exploding and will most likely continue with fast-paced growth in the foreseeable future. With the aging population needing medical care, the demand for healthcare workers will continue to increase. In addition, the technology needs of healthcare will spur growth in related medical tech fields, with record-keeping and digital equipment requiring tech-savvy employees. Registered nurses represent the largest-growing occupational field, and their salaries are also increasing. Medical assistants, vocational nurses, licensed practical nurses, home health aides, and nursing assistants will also see significant growth in their job outlooks.
Hiring Trends in Technology
The world is becoming increasingly technology-dependent, requiring companies to invest in dedicated technology teams and services to support their digital infrastructure. In the foreseeable future, employees with expertise and skills in information technology will be in high demand in various industries. Jobs in software development, computer user support, and software applications will be some of the fastest-growing over the next few years.
The bottom line in the corporate job market is the expectation of significant employment potential, particularly in higher-wage, higher-skilled areas. Employers should consider staffing professional liability insurance to protect themselves in a competitive, employee-driven market.
About World Wide Specialty Programs
For the last 50 years, World Wide Specialty Programs has dedicated itself to providing the
optimal products and solutions for the staffing industry. As the only insurance firm to be an ASA
commercial liability partner, we are committed to that partnership and committed to using our
knowledge of the industry to provide staffing firms with the best possible coverage. For more
information about Staffing Professional Liability Insurance or any other coverage, we have
available to protect your staffing business, give us a call at (877) 256-0468 to speak with one of
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