Your People Experts

National Business Trends Survey

Outlook for 2019 is Optimistic
According to Employer Associations of America
2019 National Business Trends Survey

LONGWOOD, FL – Employer Associations of America (EAA) released its 2019 National Business Trends Survey. This year’s survey indicates a fair amount of “optimism” on the part of business executives for 2019. Nearly 74% describe their projected 2019 business outlook as a slight to significant increase in sales/revenue.

Supporting that optimistic outlook is the fact that 54% of executives surveyed plan to hire permanent staff in 2019. When asked the primary reasons for their 2019 hiring plans, 72% said their hiring will be to fill newly created jobs.

“The shortage of labor will be a key factor for employers in 2019,” said EAA Board of Directors Chair Phil Brandt. “How employers will fill those new jobs is the real story. Employers will need to be even more creative in their recruitment and retention efforts than ever before.”

When asked which strategies executives are using to overcome recruitment and retention challenges, respondents identified: adjusting pay ranges upward, focusing on existing staff receiving additional training and development, and increasing starting salaries as the top strategies.

In addition, due to the tight talent shortage, a survey question was revised for the 2018/2019 survey to determine the top five most important factors prospective employees are looking for to assist employers with recruitment and retention. The top 5 factors employees selected included: 1. competitive pay (82%), 2. good work/life balance (69.2 %), 3. flexibility in work hours (56.1%), 4. opportunities for advancement (55.4%), and 5. competitive health benefits (49.9%).

Executives also identified the following “serious” challenges for their business (listed in order of the top five long-term responses):

Survey Respondent’s

Survey Respondent's
Serious Concerns
Short-term
(within next year)
% of response
Long-term
(within next 5 years)
% of response
Talent Acquisition54%57%
Talent Retention41%48%
Ability to pay for benefit28%43%
Ability to pay competitive wages33%40%
Competition in general28%34%

The survey also indicated the top five measures executives say they have been or are planning to continue to implement in 2019 to strengthen business:

  • Invest in technology 52%
  • Invest in equipment 50%
  • Increase recruiting emphasis 38%
  • Increase training budget 30%
  • Increase total rewards education 22%

In addition, the EAA 2019 National Business Trends Survey breaks results out on a local level as well. In this region, respondents identified talent acquisition as a serious challenge to their business.

“EAF partners with specialists in the staffing/recruiting industry to help our members find qualified employees in this tight labor market,” said Rita Manny, President of Employers Association Forum, Inc. (EAF).

EAF members can access the full report by logging into the members -only section of the EAF website.


About Employer Associations of America

The Employer Associations of America (EAA) is a not-for-profit national association that provides this annual survey to business executives arming them with insights and trends for business outlooks, business investment plans, staffing levels, hiring plans, job creations, pay strategies and business challenges. The 2018 Survey included 1,295 participating organizations throughout the U.S.

The EAA consists of 32 regional employer associations serving 35,000 companies and more than six million employees. Regional employer associations are dedicated to serving their members as trusted partners that help members maximize the performance of their employees and their organization through business expertise in compliance, recruitment, retention, surveys, safety, training, and organizational development. EAA’s mission is to advance a national presence and to promote local success among members through unparalleled collaboration, excellence, and efficiency. To learn more about the EAA, visit http://www.eaahub.org.


EAF responds to hundreds of hotline calls and emails monthly. We would be happy to answer any interesting questions you may have too! Contacts us at [email protected] or 407.260.6556

Ready to Join? CLICK HERE to Join now and receive 10% off NEW Member Dues!
Use PROMO CODE: EAF2018 on your Member Application (cannot be used with other special offers).

Not ready to join, but I would like more information.

Please provide your contact information below and we will contact you shortly.

Follow EAF on Social Media!

Leave a Reply

Recent Posts

Contact

Employers Association Forum, Inc.
640 E State Road 434, Suite 3100
Longwood, FL 32750

Phone 407.260.6556 Fax 407.260.2876
Email [email protected]

Disclaimer

EAF provides information about current developments in labor and employment law. This information is intended for educational purposes only and should not be considered legal advice. Questions requiring legal advice should be addressed to the attorney of your choice. EAF members may be able to obtain a legal interpretation through our FREE Legal Hotline.