>>By the Numbers January 24, 2020

By the Numbers January 24, 2020

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Upskilling Critical to Manage Digital Evolution

The Numbers:

  • Talent should be prepared for the digital disruption via reskilling and upskilling to ‘complement technological innovation’
  • 45% of employers felt ‘the digital transformation was advancing too quickly’ compared to 60% in 2019
  • This change signifies that employers may be more ready to address the change
  • 91% of those in HR believe ‘it’s their organization’s responsibility to reskill workers to overcome the talent shortage’
  • 22% are training or reskilling their current workforce to address the problem
  • Source: Randstad

Global Talent Shortage Almost Doubled

The Numbers:

  • The past decade saw the global talent shortage nearly double
  • 54% of international businesses reported skill shortages
  • Companies in 36 of 44 countries reported more difficulty attracting talent now than in 2018
  • Source: ManPower Group

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.

U.S. Workers’ Wages Increase 3.2% in Q4

The Numbers:

  • Wages for U.S. workers rose 3.2% reaching $28.93 hourly in Q4
  • As wages rose, jobs growth decelerated
  • Leisure and hospitality saw the highest wage growth at a 5.5% increase year over year in Q4 to $18.11 per hour
  • Source: ADP Research Institute

Jobs of Tomorrow Revealed

The Numbers:

  • Emerging jobs that are in critical demand globally were highlighted via a recent study
  • 37% of projected opportunities will be in the care economy
  • 17% will be in sales, marketing and content
  • 16% in data and AI
  • Source: World Economic Forum
By |2020-01-23T19:48:39+00:00January 24th, 2020|Categories: Uncategorized|Comments Off on By the Numbers January 24, 2020

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.