Alaant Hiring Index:
Where Does the Capital Region’s Job Market Stand Halfway Through 2019?

Alaant Hiring Index Survey, Spring 2019

Through our exclusive Alaant Hiring Index, we’ve uncovered some interesting insights – information that human resource and hiring managers can use to build and maintain skilled and productive workforces. On the positive side, 69% of employers increased hiring from January through June, with 26% holding steady and 5% cutting back. IT jobs grew fastest, named by 37% of employers, followed by health care at 21%. And, 72% of companies are finding employees within the region.

According to the index, companies expecting to add jobs between July and December fell to 56%, down from 68% a year ago. And, 38% anticipate no change, while 6% project a decrease.

Looking ahead, 8 in 10 employers said they were very optimistic or optimistic about job growth over the next year. That figure was higher than both last fall (71%) and a year ago (77%).

Clearly, the Capital Region’s economy remains strong, particularly as compared to other areas. However, uncertainty regarding national economic issues, including the impact of tariff and trade policies, has employers more cautious for the second half of the year.

Further, employers see growing challenges when it comes to recruiting. 67% say hiring is either a significant challenge or challenging, up from 60 percent last year. The biggest issue continues to be salary and wage demands, named by 37% of companies, followed by the skills gap (27%), overall business climate (14%) and corporate finances (11%)

So what is an employer to do? Good candidates are in high demand so when you find one you like, make an offer quickly, before they go elsewhere. Make sure your salaries and benefits are competitive. And take steps now to create a positive culture where good employees want to work, then tell the world about it with an effective Employer Branding Strategy. Put our expertise to work for you in developing an effective recruiting strategy that gets results!

More about the Spring 2019 Alaant Hiring Index

Alaant surveyed 83 hiring and human resource managers between May 14 and June 7. Of those responding, 46% represented companies with fewer than 100 employees, with 54 percent from firms with 100 or more employees.

About the Author

Miriam Dushane

Miriam Dushane, Managing Partner

Miriam is all in when it comes to doing whatever she can to help the Capital District grow and thrive. She is passionate about helping talented professionals find the right job and her work in the community is focused on furthering our area as a center of economic vitality. Miriam likes to garden and care for her pets. She is a member of an adult-only skate group where she rollerblades every week. She loves the Mets! And she is obsessed with vacuum cleaners; she really likes to vacuum and has 6 right now.

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