Survey: Hiring Outlooks Remain High Among Companies, Rising Costs Stall Others

Posted July 29, 2024

A recent survey from Express Employment Professionals-Harris Poll found workforce increases remain high for companies but budgetary constraints are still stalling growth.

The survey showed 81% of U.S. hiring managers have a positive outlook for their company’s hiring opportunities for the remainder of the year, 48% report optimism, 41% hopefulness and 41% confidence. Companies surveys cited increased workloads and newly created positions as key factors in the rise of headcounts.

Additionally, 60% of U.S. hiring managers say their company plans to increase its employees in the second half of 2024. However, 32% of companies said they plan to stay at about the same number or make no change while 6% reported reducing staff numbers.

The leading cause of reducing headcount is to reduce cost at 71% of those who plan to decrease staff. Others also reported artificial intelligence and a decline in demand at the company as reasons.

“It’s encouraging to see so many companies optimistic about their hiring plans for the remainder of the year across diverse industries,” Express Employment International CEO, Bill Stoller said in a release. “With labor demands shifting from traditional roles, job seekers should research in-demand careers and begin the credentialing process now to stand out from the competition. It’s evident employers are looking to do more than just fill positions; they are looking for the right fit.”