IT Demand Will Fuel Hot U.S. Job Market in 2016
A high demand for IT professionals will drive continued staffing expansions at U.S. companies this year, according to a recent survey from CareerBuilder. Seeking to land the best available talent, organizations are forecast to increase compensation for existing employees, as well as to offer higher starting salaries for new ones. Technology remains one of the most aggressively sought skill sets—second only to customer service. Meanwhile, to address lingering talent shortages, employers will recruit more temp and contract professionals and groom them for permanent positions. They'll also increase their investment in training lower-tier workers in order to position them for more demanding roles. In other words, the job market is red hot, and IT pros should expect to benefit at the negotiating table. "On average, the U.S. has added 200,000 jobs each month over the last two years, and we expect 2016 to produce similar results, if not better," said Matt Ferguson, CEO of CareerBuilder and co-author of The Talent Equation. "The market is also showing signs of broader wage pressure. While employers have been more willing to pay a premium for high-skill labor, they now have to pay more competitive wages for entry-level positions. Workers are gaining leverage." Nearly 2,340 U.S. hiring and HR managers took part in the research.