A majority of employers don’t expect any near-term change in hiring plans due to the recent U.S. Presidential election, according to a new survey by DHI Group, Dice’s parent company. That follows an earlier DHI survey that found more employers cautious about hiring over the next twelve months.
The new survey analyzed responses from 491 hiring professionals who recruit within the technology industry, as well as 224 who recruit across a variety of industries. More than a third (40 percent) worked at companies with more than 500 employees.
In the survey, some 77 percent of employers suggested their hiring plans remained unchanged. Of the remainder, around 12 percent anticipated an increase in hiring next year due to the incoming Trump administration, which has promised initiatives to accelerate the economy such as corporate tax reform. Among that subset who think hiring will increase, some 39 percent of hiring managers who work in technology think that Trump tax reforms will have a positive impact.
Of the 11 percent of hiring managers who believe that hiring will decrease in 2017 due to the results of the Presidential election, some 44 percent of those involved exclusively in tech think that Trump’s immigration reforms will reduce the pool of available skilled labor in the United States.
The reason for that worry is simple: tech companies search far and wide for top talent. Many use H-1B visas to secure workers, and it’s an open question how a Trump administration will alter that particular aspect of immigration policy.
More than a third of the hiring managers who recruit across industries said that overall compensation packages rose between 2015 and 2016. Within tech, low unemployment (paired with a high rate of voluntary quits) has led to some companies offering ever-higher salaries in order to land top talent, often paired with top-shelf perks. But will that trend sustain through 2017?