Hiring plans in Birmingham
Influential Birmingham leaders sound off on the battle for talent
The hiring market in Birmingham remains hot, and many employers are concerned about their future talent pipelines.
That’s the biggest takeaway from the latest Power Poll Birmingham, which is a monthly poll of local leaders.
Power Poll Birmingham is not a scientific poll, but does offer a window into the perspectives of influential Birmingham community and business leaders.
Only 11% of respondents said they are slowing their hiring efforts, and more than half of respondents said they are actively adding jobs or positions.
That hiring growth, coupled with elevated turnover, is making it a challenge to recruit and retain talent.
More than one-third (37%) of respondents said it’s gotten harder to find candidates since the beginning of the year.
The intense competition for talent is driving wages higher. Nearly half of respondents are planning raises of at least 4% in 2023.
While the hiring market in 2022 is a challenge, many respondents don’t believe things will get much easier, with 85% of respondents saying they have some level of concern about the long-term availability of talent.
This month’s Power Poll surveyed 566 local leaders with a response rate of 15.2%.