But what about your profession? What’s the employment forecast for HR?
At the moment, the prognosis is pretty good. And the younger the HR practitioner, the brighter the outlook, according to the 2016 HR Jobs Pulse Survey, recently released by the Alexandria, Va.-based Society for Human Resource Management.
The SHRM poll asked 365 U.S.-based HR professionals to gauge their faith in their own job security and ability to find work if they were to leave their current employer.
Overall, 75 percent of all respondents reported confidence in their job security, with that number climbing to 85 percent among early-career HR professionals.
Those at the earliest stages of their careers were found to be “particularly confident” in the stability of the profession, “which suggests that new entrants to the profession are feeling optimistic about their future as HR practitioners,” says Alex Alonso, SHRM senior vice president of knowledge development, in a statement.
Some of these younger professionals, however, are a bit unsure about their chances outside their current organization, at least in comparison to their more experienced colleagues. Sixty-three percent of early-career respondents said they were “somewhat” or “very” confident that they could find a new job. Overall, 88 percent of respondents described their prospects the same way.
Regardless of age, most of these HR practitioners intend to stay put anyway, as just 19 percent of those polled said they were looking for a new job.
The roughly one-fifth of those pursuing other opportunities have their reasons for doing so, of course. Not surprisingly, money tops the list, with 42 percent citing “more compensation/pay” as their primary motivation for seeking new employment. Thirty-seven percent said they were in search of “better career advancement opportunities.”
Just 27 percent of those surveyed said their companies were hiring for HR positions, however. That percentage remains unchanged from 2015, according to SHRM.
What kind of talented HR practitioners are organizations looking to find? According to the SHRM survey, HR generalists continue to be in the highest demand (49 percent), followed by HR professionals with employment and recruitment skills (31 percent).
Ultimately, while hiring remains fairly flat for HR positions relative to last year, the findings suggest an air of optimism in the HR suite, says Alonso.
“Confidence in the stability of the profession has increased slightly,” he says. “The vast majority of HR professionals … had some level of confidence that they could land a new job if necessary.”