The improving economy and continued spotlight on minimum wage have caused many employers to increase the pay of their seasonal positions this summer, with some well beyond the federal minimum wage of $7.25.
According to CareerBuilder’s annual summer forecast, 53 percent of employers offering summer jobs have roles that pay $15 or more per hour on average. Seventy-two percent of employers will pay their summer hires $10 or more an hour on average – up from 64 percent in 2014.
“The growing number of employers adding seasonal help in good-paying jobs this summer is a strong indicator of labor market momentum,” says Matt Ferguson, CEO of CareerBuilder and author of “The Talent Equation.” “Many summer jobs went away completely during the recession as companies eliminated internship programs and as households cut back on vacation and recreation spending. We expect this year’s positive outlook to carry over into full-time hiring across industries and job types.”
WHAT DOES THIS MEAN FOR YOU?
If you’re searching for seasonal workers this summer, you may be facing heightened competition for talent, not only because there are more jobs available, but because many of those jobs are high-paying. Increasing salary for your open positions is one way of enticing candidates.
If that’s not a possibility, play up your unique benefits instead. Or, if the position has potential to become full time/permanent, shout that from the rooftops. If a candidate knows there’s a chance for long-term employment, that could be the hook that lures them in to your company.