By the Numbers: August 31, 2018

BountyJobs Bites Majority of Recruiters Find Their Job More Difficult Now The Numbers: 62% of recruiters feel their job is harder today than a year ago, and 67% stated their job is more difficult than it was five years ago per a survey from Monster Worldwide.  As well, 59% of respondents believe it’s been more challenging to get quality candidates than it was a year ago, and 62% feel the same even when comparing to five years ago. Skilled labor shortage (59%) and competition from other recruiters (52%) were cited as potential reasons. Layoffs More Common from Underpaid CEOs The Numbers: CEOs that are underpaid are four times more likely to lay off staff, no matter the size of the company or industry conditions, per research from ScienceDaily. Almost 50% of Workers Don’t Have a Career Path The Numbers:  About 47% of U.S. workers aged between 35 to 44 don’t have a career path in [...]

By |2018-08-30T19:52:25+00:00August 31st, 2018|Categories: Uncategorized|Comments Off on By the Numbers: August 31, 2018

By the Numbers: August 24, 2018

BountyJobs Bites Average U.S. Weekly Wage Increases in First Quarter The Numbers: Per the U.S. Bureau of Labor Statistics, the average U.S. weekly wage increased 3.7% year over year to $1,152 in the first quarter.  Peoria County in Illinois and Suffolk County in Massachusetts were the counties that posted the largest year-over-year percentage increases in average weekly wages (among the 349 largest counties in the U.S.) with gains of 23.8% and 12.1% respectively. U.S. Economic Growth Reportedly at ‘Solid Pace’ The Numbers:  The Conference Board’s US Leading Economic Index rose 0.6% in July to a reading of 110.7 (2016 = 100), following a 0.5% increase in June, and a 0.1% increase in May. “The US LEI increased in July, suggesting the US economy will continue expanding at a solid pace for the remainder of this year,” said Ataman Ozyildirim, director of business cycles and growth research at The Conference Board. “The strengths among the components [...]

By |2018-08-23T15:58:35+00:00August 24th, 2018|Categories: Uncategorized|Comments Off on By the Numbers: August 24, 2018

By the Numbers: August 17, 2018

BountyJobs Bites Worker Pay in 2019 Forecasts as Slight Increase The Numbers: A Willis Towers Watson survey found that slightly larger pay increases are on the horizon for 2019 – 3.1% increase, compared to 3.0% in 2018. Pay raises have stuck around the 3% mark for the past 10 years. IT Job Growth Restricted by Talent Shortages The Numbers:  The growth of IT jobs in the U.S. increased only slightly, .06% in July, for a total of around 5.3 million per TechServe Alliance. There is a high-demand for tech talent within certain IT skill sets…but also an acute talent shortage. Hard to Hire: Third-Party Recruiting and the State of Talent Acquisition Survey - BountyJobs Reports Our annual survey is now open! Each year we craft a survey with this goal in mind – to collect data on topics that matter in talent acquisition; covering third-party recruiting and other hot-button trends and topics affecting our industry [...]

By |2018-08-16T22:58:27+00:00August 17th, 2018|Categories: Uncategorized|Comments Off on By the Numbers: August 17, 2018

By the Numbers: August 10, 2018

BountyJobs Bites Strong Economy and Employment Market? Not for Everyone The Numbers: The number of temp workers is higher than it was for the past two recessions - with more than three million workers falling into this category; full-time work for some has been hard to find. Those in the 55 years and over camp aren't faring much better; they are the largest group of workers and also experiencing slower annual earnings growth than other age groups. Construction once thought to be a solid industry for employment, now has the highest level of unemployed workers (based on the average for the year ending in June). Our report, Cognitive Dissonance: Reports vs. Reality, What's Really Happening in the Employment Market, goes behind the headlines and uncovers what most are not reporting - download the report here. Job Openings Top Unemployed Numbers for Three Consecutive Months The Numbers:  Per the U.S. Bureau of Labor Statistics, the number [...]

By |2018-08-10T15:08:50+00:00August 10th, 2018|Categories: Uncategorized|Comments Off on By the Numbers: August 10, 2018

By the Numbers: August 3, 2018

BountyJobs Bites Second Half of 2018 to See Hiring Increase The Numbers: Careerbuilder's new mid-year 2018 U.S. job forecast states more hiring managers and HR professionals are looking to hire in the back half of 2018 than what was seen at the same time in 2017. 63% plan to hire full-time, permanent workers - this is up from 60% last year. Salary Wages Hit Nearly 10 Year-High The Numbers: Per the Bureau of Labor Statistics report looking at April – June, the employment cost index rose 0.6% for civilian workers. This increases the 12-month rate to 2.8% which is the highest level since Q3 of 2008 which saw 2.9%. 219K Jobs Added in July: ‘No Signs of Slowdown’ The Numbers:  The ADP National Employment Report states that the U.S. private-sector employment rose by 219K jobs in July – said to be the ‘strongest hiring since February’. “The job market is booming, impacted by the deficit-financed tax [...]

By |2018-08-06T21:15:10+00:00August 3rd, 2018|Categories: Uncategorized|Comments Off on By the Numbers: August 3, 2018