BountyJobs Bites
Labor Market Tightens with Record Job Openings
The Numbers:
- There were 7.3 million job openings in the U.S. in December
- This is a 2.4% increase from November and a 29.4% increase year over year
- Source: U.S. Bureau of Labor Statistics
One-Third of Americans Plan to Look for a New Job in 2019
The Numbers:
- 33% of Americans are planning to look for a new job this year
- 48% of those are 18-34 year olds
- 90% of those looking for a new job will do so within the first quarter of 2019
- 54% believe it will be an easy process
- Source: Monster Worldwide Inc.
Quick, Timely Feedback Bolsters Candidate Experience
The Numbers:
- Candidates that receive same-day feedback are 52% more likely to continue engaging with that potential employer (reapplying, referring others, etc)
- Those who did not receive feedback were twice as likely to end the relationship with the prospective employer
- Source: Talent Board
Voluntary Relocation Strategic Play for Tech Talent
The Numbers:
- 86% of recruiters and hiring managers experiencing challenges in filling tech roles
- Tech companies looking to voluntary relocation to lure tech talent – could allow current employees to transfer to other locations, or have new hires move for a job
- 10% of the country’s jobs are within tech employers
- Source: Indeed
Majority of Full-Time Workers are Happy
The Numbers:
- 88% of full-time workers in the U.S. feel they are ‘happy’ at work
- 71% of respondents state they are ‘mostly happy’
- 17% use the term ‘elated’ when describing their feeling while at work
- Source: Wrike
Atlanta Tops for Telecommuters
The Numbers:
- Top 3 cities considered by job seekers looking for telecommuting options: Atlanta, Raleigh, and Washington D.C.
- A third of the cities listed were new on the top 20 last year.
- Source: Indeed
A Record Number of CEOs Left Role in January
The Numbers:
- 157 CEOs stepped down in January 2019
- This is about a 22% increase over December’s number of 129 CEO departures
- This is also about a 19% increase year over year from January 2018
- Many companies looked for new leadership in a ‘strong, but uncertain’ economy, while other CEOs took roles in other companies or retired
- Source: Challenger, Gray & Christmas
U.S. Economy Stronger Than Others
The Numbers:
- S. economy is forecasted to have a ‘still-strong annualize growth rate’ of 2.6% in Q4 2018
- This is down from 3.4% in Q3 2018
- The stimulus from tax cuts and less dependency on foreign trade help to stabilize
- Source: S. Bureau of Economic Analysis & UniCredit
Video Recruiting Expected in Future
The Numbers:
- 75% of workers expect video will be a part of their job search in the future
- 80% stated that a video job ad with the recruiter explaining the role would help them better understand the opportunity
- Source: Monster