America's Employers Plan More Hiring as Time to Fill Lengthens and Concerns About Economic Landscape Grow

NEW YORK, July 6, 2016 /PRNewswire/ -- Hiring managers in the U.S. are prepared to hire more professionals in the year ahead, but the current recruitment environment won't make the job easy. Nearly two-thirds (62%) of hiring managers intend to hire more professionals in the next six months, according to the semi-annual hiring survey by DHI Group, Inc. (NYSE: DHX), the leading provider of data, insights and careers for specialized professional communities. (Tweet This).

While more hiring is anticipated, the time to fill a position is taking longer than ever as recruiters across a variety of industries—and in healthcare and technology in particular—struggle to find qualified talent.

The DHI-DFH Mean Job Vacancy Duration Measure, DHI's proprietary index, reached an all-time high of 29.3 working days in April (latest data available), demonstrating jobs are staying open longer than any time since tracking began in 2001. These highly-elevated vacancy spells are even more pronounced in healthcare, while positions remained open more than 49 days on average in April, the longest of any industry, and seven days more than financial services positions which are the second longest to fill.

"Hiring managers broadly, and those in technology and healthcare specifically, find it increasingly difficult to find candidates with the right combination of skills to fill positions," said Michael Durney, President and CEO of DHI Group, Inc. "The recent vote by citizens in the U.K. will likely have an impact on U.S. hiring decisions in the near term and future, further lengthening the time to fill roles as global employers navigate this new landscape."

There are a combination of factors contributing to the challenging recruiting environment. Nearly a third (31%) of those who recruit for a variety of professionals and 46 percent focused on healthcare said they are waiting for the perfect match to fill a role. This is not the case in technology where telecommuting is more prevalent and only 18 percent of tech-focused recruiters wait it out. More hiring managers (53%) broaden their search geographically to find the best talent.

Further adding to the slowing hiring process, a record 69 percent of hiring managers recruiting for their own needs say voluntary turnover has not increased at their companies in 2016 compared to last year. This flattening or decline in employees leaving creates a roadblock for other companies recruiting skilled professionals and further intensifies the stress associated with too few employees to fill necessary open roles. 

Pipelining Professionals

Employers hiring across industries intend to hire 20 percent or more professionals in the second half of the year. To get there, sourcing is becoming a higher priority with 79 percent of hiring managers and recruiters saying building a bench of talent is important. It's equally important to technology (76%) and healthcare (76%) recruiters.

"Services which catch candidates in the pre-apply phase are important for the sourcing-minded recruiter," said Mr. Durney. "No HR team can act quickly to fill a role if they're starting their search from scratch each time a position opens up. That's why services like getTalent work. Sourcing, preparing a pipeline of candidates so they're familiar with the company early and being knowledgeable on salary trends is key. As jobs stay open longer, savvy recruiters and HR departments will source for candidates year-round, regardless of when a position is available. This makes it easier to hit the ground running when an employee jumps ship or a growing business demands the addition of new roles."

Salaries on the Rise

Further adding to the competitive recruitment market, candidates are asking for higher pay than years past. A majority (60%) of hiring managers across industries and those recruiting tech pros say candidates are asking for more money as compared to six months ago. In healthcare, where demand for professionals is outpacing available candidates, this rises to 66 percent.

As a result, 57 percent of overall recruiters, 61 percent of healthcare and 56 percent of those focused on tech, anticipate salaries for new employees being higher than last year.

About the Survey

From May 16 to 20 and then from June 6 to 10, 2016 DHI Group, Inc. surveyed U.S. companies, government entities and recruiting firms from every region of the country who hire or recruit a variety, healthcare and technology professionals. With 421 hiring professionals responding they recruit for a variety of professionals, 315 for healthcare and 552 for technology. For the variety responses, 59 percent identified themselves as working for companies that recruit for their own needs in sectors such as healthcare, technology, energy, manufacturing, defense, education and financial services. One third worked at companies with more than 500 employees.

About DHI Group, Inc.

DHI Group, Inc. (NYSE: DHX) is a leading provider of data, insights and connections through our specialized services for professional communities including technology and security clearance, financial services, energy, healthcare and hospitality. Our mission is to empower professionals and organizations to compete and win through expert insights and relevant employment connections. Employers and recruiters use our websites and services to source and hire the most qualified professionals in select and highly-skilled occupations, while professionals use our websites and services to find the best employment opportunities in and the most timely news and information about their respective areas of expertise. For more than 25 years, we have built our company on providing employers and recruiters with efficient access to high-quality, unique professional communities, and offering the professionals in those communities access to highly-relevant career opportunities, news, tools and information. Today, we serve multiple markets located throughout North America, Europe, the Middle East and the Asia Pacific region.

Media:
Rachel Ceccarelli and Courtney Chamberlain 
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SOURCE DHI Group, Inc.