Each week, we’ll brief you on notable stats and happenings related to current events impacting the job market now or in the foreseeable future. ERE 2017 We just arrived back in Austin from a whirlwind few days at the ERE Conference in Minneapolis, MN.  So many great folks in Talent Acquisition stopped by our booth, and many others participated in the two roundtable segments we hosted on Benchmarking & Analytics (check out our newly released Annual Recruiting Benchmark Report for 2017 for a deeper dive on all the growing trends around salary, fees, and more.)  This is a hot topic!  We’ll dive into our learnings from the conference as well as key themes and challenges that came up during our roundtable sessions in a separate blog post – so stay tuned for that!      BountyJobs Bites Amazon Plans to Hire More than 120,000 for Holiday Help The online retail giant will staff up big this [...]

Each week, we’ll brief you on notable stats and happenings related to current events impacting the job market now or in the foreseeable future. 33K Jobs Gone With the Wind The U.S. Bureau of Labor Statistics September jobs report states that 33,000 jobs have been lost, and could be due to Hurricanes Harvey, Irma, and Maria.  The job figures on the state level will be available on October 20, which will give more detailed info on what’s happening. However, unemployment continued to hover at full employment, now at 4.2%. U.S. News & World Report highlighted that that number of jobs lost is the largest number since coming out of the recession in 2011. Not surprisingly, the leisure and hospitality sector lost a large number of jobs at 111,000.  In comparison, manufacturing lost 1K jobs, information services lost 9K and retail lost about 3K. As far as increases, the industries of transportation and warehousing, financial services, [...]

Each week, we’ll brief you on notable stats and happenings related to current events impacting the job market now or in the foreseeable future. Tech Is Where It’s At A running theme this week was that salaries in technology are projected to increase in a larger capacity compared to other industries in 2018. Per the Robert Half 2018 Salary Guide UK, roles in specialized IT and technology will see raises at 4.4% and higher.  For example, junior developers will see a 4.5% raise and senior business analysts will see an uptick of 4.4%. Finance is also on the rise, with increases in the 4% range – Financial Controllers and Chief Financial Officers are to see a 4.0% raise and Fund Accountants are at 4.2%. These pay raises are well above the national average of 1.4%. “In the year ahead, businesses will be navigating a number of local, regional and international factors, such as Brexit, automation, [...]

Each week, we’ll brief you on notable stats and happenings related to current events impacting the job market now or in the foreseeable future. An Hour of Power in Austin Talent acquisition professionals from all over the Austin, TX area joined members of the BountyJobs team for our Talent Acquisition Lunch Power Hour. It was a lively discussion with both employers and agencies centering on ways to get the most ROI out of third-party search, pain points and solutions felt on both sides of the desk, as well as key metrics to track to get the most impact out of your data. Some common themes mentioned were: Difficulties in Finding the Best Talent Quickly and Within Budget Agencies Not Clear on Employer Needs Lack of Communication Between Employer and Agency Challenge in Finding Key Candidates for Niche Roles Core data, trends in salaries and fees, and other data pulled from our latest annual report We [...]

Each week, we’ll brief you on notable stats and happenings related to current events impacting the job market now or in the foreseeable future. The Realities of a Tight Labor Market With the U.S. unemployment rate at a low 4.4% and a record 6.2 million job openings in July per the Labor Department, some employers are getting creative to solve hiring woes. A survey from CareerBuilder found that of the 2,000 companies surveyed, almost 50% of them had trouble finding qualified candidates – up from 41% in 2016. For some, the time-to-fill for both blue and white-collar roles has reached the tipping point. To curb this, employers are hiring candidates that have little or no experience, even for roles that historically had strict hiring requirements, per USA Today. Paul McDonald, senior executive director of Robert Half states, “Companies aren’t going for 100% of the job description. They’re going for approximately 70% to 75% of the [...]

Each week, we’ll brief you on notable stats and happenings related to current events impacting the job market now or in the foreseeable future. The Effect of Hurricanes Harvey and Irma The full spectrum of after effects from hurricanes Harvey and Irma are as yet unknown, but will be felt for many years to come. The job market will share center stage with other areas of the economy deeply shaken by these catastrophic events. As the storms pummeled and in some areas leveled cities and towns, the infrastructure of entire companies were also caught in the upheaval. These effects will not only be felt in the areas hit by the storms, but in other areas of the country and world as well. John Cui, assistant professor of operations at Georgetown University's McDonough School of Business states, "Yes for sure there’s going to be an increasing number of construction jobs maybe next year and into the [...]

Not surprisingly, Information Technology is one of the top industries within the BountyJobs Marketplace. As IT is both an industry as well as a job category within other industries, it’s a bit unique.  As highlighted in our 2017 Agency Recruiting Benchmark Report for IT, the 3 tech jobs sent to search with the highest volume of postings within BountyJobs were Developer, System Development, and IT Project Management. 80% of those roles were Non-Managerial, and the top 3 categories for tech jobs were Financial Services, Information Technology, and Healthcare/Health Services. Paysa, a service providing information and insight to employees to make educated and informed decisions about their careers, recently published a report around ‘Tech Disruptors’ and ‘Tech Titans’.  They “analyzed over 8,200 job postings and over 70,000 resumes to figure out who’s hiring and which skills are the most in demand at some of the leading tech companies.” To better organize their findings, they split the [...]

While AI (artificial intelligence) in recruiting might still be shiny and new, chances are, if you’ve been out in the job market as a job seeker or TA professional recently, you’ve come across this use of technology. The power of AI is the capability to sort through the myriad data types, review a variety of variables, and identify trends that might not be obvious to the average person.  More often than not, candidates don’t hear back after submitting an application – according to Forbes, that’s about 85% of applicants.  On the flip side, 71% of employers say they have trouble finding a perfect match for their roles. Enter…AI. The AI market is hot and competitive in each industry it touches, and TA is no exception.  Per Fortune.com, about 75 startups are fighting to get their share of the $100 billion HR assessment market. Further, Josh Bersin, principal at Bersin by Deloitte, states, “I get emails [...]

Straight from the Source: Greg Berry, Recruiting Manager for Epsilon - a global Marketing company,  has partnered with BountyJobs since 2012.  Greg sat down with us to speak candidly on how his group handled talent acquisition before BountyJobs as well as the impact found after implementing the BountyJobs solution. In this video, you'll learn how partnering with BountyJobs changed the landscape of Epsilon's recruiting process and results. He reviews a few 'A-Ha Moments' that highlighted the changes seen by his team of recruiters and executive management that really summed up the value brought to them via the BountyJobs process. Also explored are specific ways in which the BountyJobs platform has effected their recruitment method, their experience with BountyJobs Customer Success Representatives, as well as how the BountyJobs Marketplace helped find stellar candidates for hard to fill roles in challenging locations. Do the challenges that Greg and team were facing sound familiar to your organization's experiences? [...]

The TMA Healthcare Recruiting Summit and Talent Acquisition Summit were held August 15th & 16th in Philadelphia.  It was a privilege for us to not only attend the sessions, but to present as well.  Our own Regional Director, Shannon McAulay-Newcomb, spoke on the topic, 'Demystifying Recruitment Analytics: Winning the War for Talent in Healthcare'.  Regional Directors Roger Dowie and Katrina Polansky rounded out our coverage of these events as we also hosted a table to field questions and engage in informative discussions with conference attendees.   Here's What We Found Data is King Our topic turned out to be timely, and was a key theme throughout both days of each summit. Collecting data, and more importantly deciphering it in a meaningful way, is significant when distinguishing yourself in competitive markets. The concept of 'big data' was also fundamental in the day’s discussions. While gathering large amounts of data to be analyzed is nothing new, the [...]