Permanent Hiring in the Financial Industry Expected to Remain Steady in the Back Half of 2013, According to CareerBuilder and MoneyJobs.com’s Midyear Job Forecast
CHICAGO – Financial workers can expect a stable employment environment over the next six months along with an upswing in temporary jobs. In CareerBuilder and MoneyJobs.com’s latest national survey, financial services employers indicated that full-time, permanent hiring in the second half of 2013 will match that of 2012 while temporary and contract hiring is expected to increase 11 percentage points over last year.
The survey, which was conducted online by Harris Interactive© on behalf of CareerBuilder from
May 14 to June 5, 2013, included more than 100 financial services hiring managers and human resource professionals across company sizes.
“Along with stable full time hiring, the financial services industry is seeing a solid increase over last year in projected hiring of part-time employees and temporary workers,” said Kevin Knapp, CFO of CareerBuilder, “Employers are moving forward carefully, expanding their ranks with temporary workers, while holding off on adding permanent staff until they can be sure of the economic recovery. Our data also shows that nearly 2 in 5 financial services employers plan to transition temporary workers to full time status in the coming quarter, reflecting the cautious optimism of the post-recession market.”
Looking forward to the next six months of the year, the study shows there will be a continued boost in temporary hiring activity as well as hiring for full-time and part-time positions:
· 52 percent of financial services employers plan to hire full-time, permanent employees, on par with last year
· 26 percent plan to hire part-time employees, up from 15 percent last year
· 31 percent plan to hire temporary or contract workers, up from 20 percent last year
Hiring in Metropolitan and Rural Areas
Financial services job creation continues in both big cities and outlying towns. Of financial services employers who are hiring in the second half of 2013, 84 percent said they will be hiring for positions in large metropolitan areas while 30 percent will be hiring in non-metropolitan, rural areas – similar to last year.
Hiring in Q3 2013
Looking ahead, 37 percent of financial services employers plan to hire full-time, permanent employees in the third quarter, up from 32 percent last year. Ten percent expect to downsize staffs while 57 percent anticipate no changes to headcount and 2 percent are undecided.
This survey was conducted online within the U.S. by Harris Interactive© on behalf of CareerBuilder among 119 financial services hiring managers and human resource professionals (employed full-time, not self-employed, non-government) between May 14 and June 5, 2013 (percentages for some questions are based on a subset, based on their responses to certain questions). With a pure probability sample of 119, one could say with a 95 percent probability that the overall results have a sampling error of +/- 8.98 percentage points. Sampling error for data from sub-samples is higher and varies.
MoneyJobs.com connects employers to the top talent in the financial services industry. Users can post resumes, get the latest industry news, sign up for automatic job alerts, and tap into advice on everything from writing resumes to on-the-job success. MoneyJobs is a division of CareerBuilder.
CareerBuilder is the global leader in human capital solutions, helping companies target and attract great talent. Its online career site, CareerBuilder.com®, is the largest in the United States with more than 24 million unique visitors, 1 million jobs and 50 million resumes. CareerBuilder works with the world’s top employers, providing resources for everything from employment branding and talent and compensation intelligence to recruitment solutions. More than 10,000 websites, including 140 newspapers and broadband portals such as MSN and AOL, feature CareerBuilder’s proprietary job search technology on their career sites. Owned by Gannett Co., Inc. (NYSE:GCI), Tribune Company and The McClatchy Company (NYSE:MNI), CareerBuilder and its subsidiaries operate in the United States, Europe, South America, Canada and Asia. For more information, visit www.careerbuilder.com
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