New Research Shows Election Results Unlikely to Impact Hiring or Business Growth in Short Term

SharedXpertise Media has released a new research report examining the impact of presidential election results on organizational hiring strategies and business growth plans. The report, sponsored by Sevenstep, a KellyOCG company, indicates that election outcomes can significantly influence hiring approaches due to subsequent policy shifts and economic conditions that typically follow changes in government leadership.

The study found that organizations are currently in a "wait and see mode" regarding hiring, with the changing administration not altering short-term plans for workforce expansion. Election seasons often bring economic uncertainty that affects consumer confidence and investment, leading businesses to adopt cautious hiring approaches that may include slowing expansions or freezing new positions. Government priorities in areas like healthcare, energy, immigration, and taxes frequently determine how businesses adjust their strategies following election results.

Study participants were asked to gauge the impact of the U.S. Presidential election outcome on their organizations' plans to grow their business over the next twelve months. Responses were segmented by respondents who identify with Democratic, Republican, or independent political affiliations to show the impact or lack thereof that the most recent election has had on business planning or operations in the short term. The research also explored HR executives' perceptions of their ability to meet talent acquisition needs and organizational business objectives, as well as whether political views impact confidence in executing workforce planning.

According to Sevenstep Executive Vice President of Client Services Noelle Paras, "Sevenstep's market intelligence and current client experience align with the findings in the report, indicating a cautious move forward in hiring, continued volatility in the market, and a tight supply of critical workers in skilled fields." The complete research report is available online at https://www.hrotoday.com/market-intelligence/research/flash-report-election-results-unlikely-to-impact-hiring-or-business-growth/ for comprehensive review of all results and findings.