A substantial majority of small businesses expect to hire in 2016, according to a new survey by Indeed. But behind the good news of robust hiring plans are indications that employers expect that holding onto talent talent will be tough in an improving job market. The recovering economy is giving job seekers more options and as a result, business owners expect attrition to be a major driver of new hiring in 2016.
But attrition isn’t the only factor having an impact on hiring plans. Growth is also creating a need for more workers. With 71% of respondents citing growth as a factor–compared to 50% citing attrition–it is clear that smaller firms need more staff to keep up with demand and take advantage of opportunities to scale their businesses.
Other findings from the survey:
- Online is where it’s “at.” The vast majority (83 percent) of small businesses use online job sites to recruit candidates for open positions.
- Good job content is tricky. While online job sites are the clear preference, survey respondents reported that writing accurate and compelling job titles and descriptions can be difficult (58 percent)
- Big time plans for part-time hires. A majority (82 percent) of small business will hire part-time workers in the coming year, mostly to keep up with seasonal demand for their goods and services.
- The right match can be elusive. Nearly all (95 percent) responding businesses reported struggling at least occasionally to find the right person for a particular job.
More extensive findings from the survey are available in the executive summary.