Snag Report: Expect Fierce Competition for Holiday Hiring

Employers including restaurants, retailers and hotels expect to be filling more jobs and offering significantly higher wages than they did last year in order to attract seasonal workers in the fourth quarter, according to the 2018 11th Annual Holiday Hiring Survey released by Snag.According to Snag's nationwide survey of hourly employers, the average hourly wage for seasonal workers is expected to jump nearly 32 percent, from $11.70 in 2017 to $15.40 this year. Retail is leading the way in expected seasonal wage growth, jumping by as much as 54 percent, with hospitality companies forecasting increases of 51 percent, and restaurant wages rising around 33 percent. In addition to paying more, employers will begin recruiting earlier than usual in order to attract talent in the tightest labor market in nearly two decades.

Additional findings from the report include:

The number of companies that began recruiting in August or earlier more than doubled compared with last…