>>By the Numbers: August 16, 2019

By the Numbers: August 16, 2019

BountyJobs Bites:

Employers Increasing Bonuses, Not Wages

The Numbers:

  • Many U.S. companies are planning to keep wage increases at or below the current 3% average
  • 32-35% of employers are reserving variable pay for executives and managers
  • 22-25% are offering personalized benefits and variable compensation to lower-level employees
  • Source: Willis Towers Watson

Almost Half of Professionals Plan to Job Hunt Over the Next 12 Months

The Numbers:

  • 43% of professionals plan to look for a new job over the next 12 months
  • 42% said higher pay would convince them to stay in their current job
  • 20% would stay for more time off or more benefits
  • 19% would stay if they landed a promotion
  • Source: Robert Half International

Economists Lower Forecasts for U.S. Growth

The Numbers:

  • The outlook for U.S. economic growth looks slightly weaker now than it did three months ago
  • Forecasts now say the GDP will most likely grow at 1.8% this quarter, which is down from the previous forecast of 2.1%.
  • Source: Federal Reserve Bank of Philadelphia

    BountyJobs Reports: 2019 Third-Party Recruiting Benchmark Report

    The Numbers:

    • Each year we analyze our wealth of data to give professionals in talent acquisition a tool to arm them with the most impactful analytics and insight to create strong overall recruiting strategies. In addition, this report serves as a foundation to create effective tactical actions such as crafting the most attractive offers to lure those passive candidates. 
    • 50% of the time, the winning candidate is sent to employers within one week of the job posted on BountyJobs
    • 1/3 of the recruiting process is sourcing the winning candidate, while 2/3 of the process is spent screening resumes, interviewing, etc… Time to tighten your recruiting process up!

Is the Four-Day Work Week the Future Standard?

The Numbers:

  • 77% of British employees that have a four-day workweek reported a better quality of life
  • 64% of British execs say productivity and work quality has improved with the shorter workweek
  • Source: Henley Business School

Industry Hoppers Getting Younger

The Numbers:

  • Less than half of 25-34-year-olds are expecting to stay in their current industry for the life of their career
  • 26% plan to change industries within the next five years
  • Source: Zip Recruiter

Is the Federal Minimum Wage Law Outdated?

The Numbers:

  • Just .28% of civilian workers make only the U.S. minimum wage of $7.25 an hour, with most of those being younger than 25
  • The federal minimum wage law hasn’t changed in a decade
  • 29 states have set their own minimum wages
  • Source: Labor Department
By |2019-08-15T16:00:28+00:00August 16th, 2019|Categories: Uncategorized|Comments Off on By the Numbers: August 16, 2019

About the Author:

Erin Geiger is a seasoned Content, Editorial, and Product Engagement professional with two decades of experience creating content as well as overall content direction and strategy. Her background stems from a variety of online verticals ranging from start-ups to Fortune 500 corporations.