Job market news: Hiring increases projected for hospitality industry
More good news for job seekers in the hospitality industry.
A recent report from the Manpower Group projects an optimistic hiring outlook for Q2 as employers report a growing demand for skilled workers. According to the report, leisure and hospitality are expected to see the largest hiring increase (28%) in the coming months, the largest increase of all 13 industry sectors covered by the study.
The report also breaks down hiring expectations by geography, suggesting that job seekers located in all four regions of the US (Midwest, West, Northeast, and South) will see more available jobs this Spring, with the Midwest and the Northeast experiencing the biggest hiring increase. States in the West and the South report relatively stable hiring trends compared to Q2 2017.
This projected hiring increase for leisure and hospitality is a reflection of the overall health of the hospitality labor market. As reported by Hcareers, there is increasing competition for top talent in the hospitality industry, with the growth of available jobs outpacing the number of available employees.
What does this mean for job seekers? As leisure and hospitality companies ramp up their competitive efforts to attract the best talent, most job seekers will be faced with more available jobs and companies to choose from. It's now a "candidate's market," so to speak, and qualified skilled and unskilled labor is in high demand.
Here's how job seekers can take advantage of this healthy hiring outlook and position themselves as leading talent in a favorable hiring landscape:
- Do your homework: As more hospitality companies work hard to attract top talent and convey their brand message, it's up to the job seeker to research a potential employer's mission, service philosophy, and company culture so they can join a team that aligns with their own professional outlook and goals.
- Understand what employers want: While the current job market favors the candidate, hospitality employers still report a lack of "soft skills" in candidates. To present yourself as the best possible candidate, understand the skills you need to get ahead and impress the best employers.
- Get comfortable talking about money: Since skilled job candidates are in high demand, 2018 may be a good year to consider asking for a salary increase. But, before you bring up the subject of money to your potential or current employer, make sure you feel comfortable negotiating the right way.
- Know the industry: To understand the job market and your value as a candidate, you need to know who the biggest players are and how they're driving hiring trends. Get a breakdown of the largest hotel employers in the US here.
The Manpower Group's Employment Outlook report is a survey of more than 11,500 US employers in the following industries: Leisure & Hospitality, Professional & Business Services, Wholesale Retail & Trade, Durable Goods Manufacturing, Transportation & Utilities, Construction, Education & Health Services, Financial Activities, Mining, Government, Information, Nondurable Goods Manufacturing, and Other Services.