Pay for seasonal, permanent workers expected to rise in fourth quarter

October 6, 2016

 

department store shoppingCHICAGO — Employers are paying better, according to the new jobs forecast by CareerBuilder.

Both permanent and seasonal workers are expected to take home bigger paychecks in the fourth quarter. The report found 47 percent of employers expect to increase pay for seasonal workers in the last three months of this year. Of those hiring seasonal employees, 75 percent will pay $10 or more per hour, up from 72 percent last year. In addition, 28 percent expect to pay $16 or more per hour, up from 19 percent last year.

Pay is up for permanent and full time workers as well. The report found 68 percent of employers plan to increase salaries for these workers in Q4, with 28 percent anticipating an average pay increase of 5 percent or more.

“Overall, permanent and seasonal hiring in the fourth quarter will be on par with last year, with one-third of employers planning to add staff in either category,” said CareerBuilder CEO Matt Ferguson. “However, campaigns for a higher minimum wage, paired with a tighter labor market for lower-skill and semi-skill jobs, is giving job seekers more of an edge when it comes to compensation. Wage growth, while still a serious concern, will likely see a lift in the coming months.”

Seasonal retail hiring is expected to drop a little compared to 2015, but will still be sizeable and yield better pay. Forty-nine percent of employers plan to hire seasonal workers in Q4, 4 percentage points shy of last year’s 53 percent. Of those retailers hiring seasonal help, 53 percent will pay $10 or more per hour – up from 43 percent in 2015.

The national study was conducted online by Harris Poll on behalf of CareerBuilder from Aug. 11 to Sept. 6 and included a representative sample of 2,379 hiring managers and human resources professionals across industries and company sizes.

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