According to a recent study by Wilson Group, Concord, MA, and Bose Corporation, New England companies are expecting modest growth in their business. Sixty-two percent (62%) of companies recently surveyed expected growth exceeding 4% in 2017; this compares to only 44% for 2016 actual growth. Plus 43% of companies surveyed are planning to increase their staffing levels and 41% are planning no change in staffing for 2015; this shows that employment is likely to remain strong in 2017 and the competition for talent will intensify.
The survey, “Compensation Planning for 2017” was conducted in November, 2016 and was sponsored by BOSE Corporation and Wilson Group. It includes survey responses from 58 leading New England companies such as TJX, iRobot, Hubspot, Mathworks, Dana-Farber Cancer Institute, New Balance, Harvard University, and DentaQuest. The survey report can be purchased here.
The jobs with the highest hiring challenges are professional level positions in Information Technology and Engineering. “This is not surprising given the knowledge based economy that characterizes the New England market” says Tom Wilson, President of Wilson Group.