Six in ten Dallas-area businesses say they plan to hire full-time by year-end, despite nationwide labor shortages in parts of the country. economy.
Only the San Diego market ranked higher for employer optimism in a survey of 3,000 companies by recruiting firm Robert Half. But not by much. The tally was 61% of Dallas employers planning to add staff to 62% in the coastal city of California.
The response to the survey was a bit more muted in other major cities in Texas. Austin tied for 15th with 51% of its employers responding that they plan to expand their teams, and Houston ranked 20th with 50%.
Mark Malone, senior regional vice president of Dallas-based Robert Half, said that in his nearly two decades with the company, he has never seen a greater demand for workers in the area. Dallas-Fort Worth. He estimates that there are nearly twice as many job vacancies as there are job seekers.
“It’s absolutely a candidate market,” he said.
As the economy continues its post-pandemic recovery, many companies are looking to expand for the first time in nearly two years, creating a surge in the number of available jobs. Even if they don’t focus on expansion, most companies are replacing positions left open due to turnover or rehiring of employees on leave – only 2% of employers surveyed said they were not filling positions opened or did not create new ones.
This prompts employers to look to signing bonuses as a way to entice workers to take on new jobs. Almost half of all employers interviewed by Robert Half said they would offer bonuses.
Companies are using signing bonuses, additional paid time off and higher wages to make job postings more attractive to competitive candidates, Malone said. In the Permian Basin, oil companies pay up to $ 20,000 in the departure bonuses for certain positions if the workers agree to stay for six months.
“Very good candidates who have great skills that companies are looking for have a choice, and that increases the pay because they get multiple offers,” he said.
A new, well-paying job and a signing bonus may not be enough to convince workers to change careers – they may also want the flexibility that full-time remote work offers.
In another survey, Ladders Inc., a career search service focused on high-paying jobs, reported that more than 80,000 jobs paying $ 100,000 or more are available nationwide. as remote stations. Dallas was the highest-ranked city in Texas on the ladder list, with over 27,000 high-paying jobs available. Austin ranked 12th with nearly 20,000 six-figure open jobs.
San Francisco leads all cities for high-paying remote jobs with 68,777. Ladders draws its data from more than 50,000 North American employers.
Although employment continues to grow, much of the growth in the region is occurring in sectors such as construction, manufacturing, real estate, finance, health care and professional services, while jobs low-wage earners find it difficult to fill vacant positions.
Restaurant and retail owners argue that an additional $ 300 per week unemployment benefit paid by the federal government makes it difficult to hire workers. Some workers say the pandemic has highlighted the instability of jobs in the service sector, making them less attractive.