Study Finds Employers Optimistic About Hiring for Remainder of 2023
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Study Finds Employers Optimistic About Hiring for Remainder of 2023

Study Finds Employers Optimistic About Hiring for Remainder of 2023

The job market for the rest of 2023 looks positive and employers feel good about hiring, according to a recent survey from The Harris Poll commissioned by Express Employment Professionals.

The study’s results found 80% of companies feel positive about the hiring outlook, including hopeful (45%), optimistic (42%), and confident (41%). That positive sentiment is up from 75% in late 2022. Three out of five hiring managers (62%) said their company plans to increase the number of employees through the end of the year.

Companies said they were hiring, in part, to manage increased volumes of work (52%), fill newly created positions (48%), fill open positions due to employee turnover (42%), and handle expansion into other categories or markets (28%, down from 34% in late 2022).

Of note, while many companies plan to increase their employee count, 28% report planning to stay at about the same number or make no change to the number of employees in the second half of 2023. Just a small number of companies (7%) said they plan to reduce their employee count in 2023, citing reducing costs (59%), aligning with the decline in demand at the company (31%), and outsourcing certain functions (26%). Perhaps not surprisingly, 1 in 6 (16%) said they were reducing employee numbers because of the increasing use of automation/technology.

The survey was conducted online between June 13 and June 26, among 1,010 U.S. hiring decision-makers.

Published: August 15th, 2023

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