BountyJobs Bites
Retailers Had Highest Number of Job Cuts in 2019
The Numbers:
- Retail had the highest number of job cuts at 77,475 in 2019 (21% lower than 2018), 48,753 of them were due to bankruptcies
- The lowest number of monthly job cuts since July 2018 was December 2019, however, 592,556 jobs were cut in 2019, 10% more than in 2018
- Source: Challenger, Gray & Christmas
Lowes Planning to Hire 53K Workers for Spring
The Numbers:
- 53K workers are to be hired for full-time, part-time and seasonal jobs for Lowe’s this Spring
- Walk-in hiring events will be leveraged for the next three months, in which some conversations may result in on-the-spot job offers
- Source: Lowe’s Companies
Small Business Wages ‘Surging’
The Numbers:
- Q3 and Q4 saw hourly wages at small businesses ‘surging’
- In parallel, job increases plateaued during this timeframe as labor markets tightened
- Source: Paychex
BountyJobs Reports – Year in Review: Talent Acquisition in 2019 and the 2020 Impact
The Numbers:
- A whopping 43% of professionals plan to look for a new job over the next 12 months
- The majority of employers, 61%, planned to raise wages in 2019, which was up from 48% in 2018. What’s in store for 2020?
- Manufacturing saw consecutive increases in employment for over 18 straight months, the longest stretch since the mid-1990s. However, around 90% of manufacturing
companies couldn’t fill all of their open roles.
Quality of Hire Critical in Tight Employment Market
The Numbers:
- 64% of employers say they measure quality of hire, though a third don’t track it at all
- Only 1 in 5 measure candidate quality before they bring them on board
- More than 50% said they start measuring quality at the 90 day mark of recruiting
- Source: JazzHR
U.S. Private Sector Sees Largest Jobs Gain Since April
The Numbers:
- 202,000 nonfarm, private-sector jobs were added in the U.S. private sector in December
- This was the largest gain since April
- This gain exceeded the forecast of 157,000
- Source: MarketWatch
