Supply vs. Demand
Atarid Recruiters talk to employers every day regarding their hiring needs and the challenges they face when trying to fill their property management job vacancies. The challenges can vary nationally, but there is one thing that employers agree on – it is now very much a “candidate driven” market again.
That means the demand (job openings) is vast, but the supply (candidates to fill the jobs) is catastrophically low. This is confirmed in a recent nationwide survey conducted by CareerBuilder, where it was reported that in the second half of 2017 more employers plan to hire, and offer increased salaries. Here are the findings:
- 60% of employers plan to hire full time permanent employees
- 53% of employers plan to offer higher starting salaries for new employees
- 32% of employers plan to increase starting salaries by 5% or more
- 66% of employers plan to increase compensation for current employees
The increase in starting salaries by 5% or more indicates that employers are now willing to pay more when they make an offer to a candidate.
Equally, the increase in compensation for current employees signifies that employers are defensively “adjusting” salaries to retain talent.
Hiring Managers are moving quickly to employ viable candidates as competition for talent intensifies and are willing to pay more across the board.
Most employers are confident that the economy will continue to expand providing financial growth for their companies and greater employment opportunities for job hunters.
Atarid has been providing experienced, qualified industry professionals to employers nationally for 10+ years. For a confidential discussion Contact Atarid.