Employers plan to hire for finance jobs in Rhode Island

Posted on July 21, 2014

According to a midyear job forecast from Careerbuilder, employers may be hiring for finance jobs in Rhode Island among other locations on the back half of 2014.

According to the survey, nearly half of U.S. employers plan to add full-time, permanent headcount over the next six months, and one-third plan to hire temporary or contract worker.

The following industries are expected to outperform the national average for permanent hiring in the months ahead with Information Technology, Financial Services and Hospitality poised to experience the highest year-over-year gains:

• Information Technology – 59 percent plan to hire full-time, permanent employees, up from 51 percent last year
• Financial Services – 57 percent plan to hire full-time, permanent employees, up from 52 percent last year
• Hospitality – 55 percent plan to hire full-time, permanent employees, up from 46 percent last year
• Health Care – 54 percent plan to hire full-time, permanent employees, up from 51 percent last year
• Manufacturing – 54 percent plan to hire full-time, permanent employees, up from 52 percent last year

While recruitment activity is notably stronger and increasing in enterprise organizations, small business hiring is holding steady and showing moderate improvement compared to last year.

• 50 or fewer employees – 24 percent hiring full-time, permanent employees, the same as last year
• 250 or fewer employees – 35 percent hiring full-time, permanent employees, up slightly from 34 percent in 2013
• 500 or fewer employees – 39 percent hiring full-time, permanent employees, up from 37 percent in 2013

Thirty-six percent of employers added full-time, permanent headcount in the second quarter, up from 34 percent last year. Ten percent decreased headcount, while 53 percent made no change to staff levels and 1 percent were unsure.

And 31 percent of employers plan to hire full-time, permanent employees in the third quarter, up slightly from 30 percent last year. Nine percent expect to downsize staffs, while 56 percent anticipate no changes to headcount and 5 percent are undecided.