1. Unemployment will continue to decrease
This matches up with the data on the business side. According to a survey by ManpowerGroup, 23 percent of surveyed employers plan to grow their workforce in 2019. This means recruiters need to continue to be on top of their game for hiring new employees.
Learn more about how recruiters can compete, in our interview with Zach Townsend, Verified First’s HR Lead.
2. Diversity will be more than a buzzword
Recruiters and hiring managers should consider this during their hiring process. It’s prudent in general to cast a wide net when looking for job applicants, and actively posting jobs in spaces with higher diversity can help boost your applicant pool. Of course, recruit these candidates without violating Title VII. There’s a difference between encouraging minorities to apply, and hiring someone because they are a minority.
3. Benefits will compete with wages
In addition, as wages become more competitive, workers will start to look at other benefits when choosing a job. These benefits include perks like onsite gyms and kitchens, but perhaps more importantly, strong insurance and retirement benefits. A good place for employers to invest is in healthcare, considering that according to the Bureau of Labor Statistics, just 69 percent of private sector employees have access to healthcare, and only 50 percent enroll in their healthcare programs.
4. Industries will meet demand
5. Jobs will move to where the demand is highest
And then there’s Boise. This might seem puzzling to those who don’t know the quickly growing town, but the reason for Boise's rapid growth is something all recruiters should watch. As Silicon Valley and the areas around it become too expensive for middle class, or even upper middle class workers, tech companies are moving inland. Lots of tech startups have settled in Boise, a place that’s not too far away from Silicon Valley, but has a more affordable way of living for all workers. Similar tech growth is occurring in other western cities like Salt Lake City and Denver.