The demand for skilled talent is fierce! Employers are facing new hiring and retention challenges as they adapt to the needs of a more mobile workforce. Explore the latest numbers on hiring, hybrid work and the cost of a bad hire.
Jobs and Resignations
Top 3 Hiring Challenges
Senior managers anticipate their biggest hiring hurdles to occur during the second half of 2021*:
Top Industries Hiring
Finance & Accounting: Hiring and Employment Trends
52% of senior managers in finance and accounting said they are hiring for new positions in the second half of 2021. 45% said they are hiring only for vacated roles or bringing back furloughed employees.
78% said they will be hiring contract workers to support year-end initiatives.
When recruiting for open roles, 59% said their company starts local and broadens its search if too much time passes without finding qualified candidates.
44% said their company is offering signing bonuses for new employees to attract and retain in-demand talent.
76% said turnover on their team has increased since Jan. 1, 2021, mainly due to employees’ concerns for their job security.
*Current Population Statistics, U.S. Bureau of Labor Statistics, July 2, 2021. Percentages reflect unemployment rates for select positions that were near or below the national unemployment rate at the end of Q2 2021.
We help build great teams. At Southwest Search, we specialize in direct hire, contract and contract to hire staffing in the areas of finance and accounting, information technology, legal services and administrative support. Since 2000, we have provided hundreds of companies nationwide with highly qualified professionals.
Employment Situation Summary — July 2021, Bureau of Labor Statistics, U.S. Department of Labor, Aug 6, 2021
Job Openings and Labor Turnover — June 2021, Bureau of Labor Statistics, U.S. Department of Labor, Aug 9, 2021