>>By the Numbers March 15, 2019

By the Numbers March 15, 2019

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U.S. Hiring Forecast Strong for Q2

The Numbers:

  • Double-digit hiring plans continue for the 7th consecutive year
  • Hiring intentions remain positive for Q2 with 40 of 44 countries planning on increasing headcount
  • Croatia, Japan, Greece the U.S., Hong Kong and Taiwan had the strongest outlooks
  • Source: ManPower Group Inc.

Gen Z Has High Expectations in Workforce

The Numbers:

  • Gen Z have tall orders when it comes to pay, promotions and diversity
  • This generation is between 18-23 years old and are projected to be 25% of the workforce by 2020
  • Source: PR Newswire

Retail, Hospitality Workers Concerned About Tech Skills

The Numbers:

  • 50% of those in hospitality, retail and telecom are worried about their lack of technical skills
  • 27% of these workers say it’s up to them to get training – this jumps to 40% in telecom
  • 37% stated that instructor-led training was the most engaging

BountyJobs Reports: The New Recruiting Mindset: How to Stay Competitive in a Changing Talent Landscape

The Numbers:

  • 75% of candidates consider your brand before applying
  • 62%of millennials would take a pay cut to work for a company that practiced corporate social responsibility
  • 77% of candidates heavily value flexible work options

Home Depot to Hire 80K Workers via Proprietary Tech

The Numbers:

  • Home Depot will hire 80k associates for the spring season using new technology developed by its engineers
  • The new technology will help recruiters move faster into seasonal, part-tie and full-time job openings

February Job Growth Stagnant

The Numbers:

  • A gain of only 20,000 total nonfarm jobs was seen in February
  • By comparison, the U.S. labor market gained 304,000 jobs in January
  • The unemployment rate dropped to 3.8% (.2% decrease) in February after a jump from a record-low 3.7% in November and 4% in January.
  • The number of unemployed fell by 300,000 to 6.2 million.
  • Source: U.S. Bureau of Labor Statistics

Employment Trends Index Rebounds in February

The Numbers:

  • The U.S. Employment Trends Index increased in February after a decrease in January
  • The index rose to a reading of 111.15 in February, in comparison to a (downwardly revised) reading of 109.34 in January.

Grads are Fielding Fewer Job Offers but Still Selective

The Numbers:

  • In 2018, an average of 40.5% of graduates who interviewed for a job received an offer This is a 5% decrease from 2017
  • Only 66.9% of those receiving offers actually accepted them – this is down from 68.2% in 2017
  • Source: NACE

Managers Say Robots Performed Better than Humans

The Numbers:

  • 58% of managers said robots and automated processes perform better than humans
  • Almost 50% said they expect automation to encompass more job in the next five years
  • 74% of tech companies adopted advanced automation or robotics in the past few years
  • Source: MindEdge and Skye Learning

Employees Not Engaged but Still Sticking Around

The Numbers:

  • 70% of workers don’t feel engaged
  • Of those, only 34.7% said they are planning on looking for a new job this year
  • 31% feel they have ‘average engagement but open to new opportunities’
  • Source: Achievers

Managers Rule out One-Third of Candidates After Checking References

The Numbers:

  • 34% of candidates are removed from consideration after references are checked
  • Top insights managers want to get from references are: strengths and weaknesses at 38%, descriptions of past duties at 22%, confirmation of past job titles and dates of employment at 19%, and insight into applicants’ preferred work culture at 12%.
  • Source: Accountemps

Sourcing & Screening Tops Automation Tasks

The Numbers:

  • Sourcing and screening of recruiting prospects was the number one task listed that could benefit from automation or outsourcing
  • Rounding out the top 4 were: editing/reformatting resumes, credentialing/references/background checks, financial reporting/invoicing/expenses, marketing/social media
  • Source: Staffing Industry Analysts

U.S. Headed Toward a Job Growth Slowdown?

The Numbers:

  • The paltry 20,000 jobs added in February could signal a moderation in job gains for 2019
  • “I don’t think you want to say that 20,000 is the new trend, but the trend probably is shifting down,” said Michael Feroli, chief U.S. economist at JPMorgan Chase & Co. in New York. “It’s hard to know with precision how much of a downshift there will be. We’ll see job growth better than this, but not as good as we saw last year.”
  • Source: Bloomberg

U.S. Moms and Worklife – Getting Harder?

The Numbers:

  • 37% of the working age population is not employed or on the job hunt – and much of that percentage are women
  • 15% of moms are stay at home moms by the age of thirty when only 2% of female high school graduates said they would follow that path
  • 52% of moms with children under the age of six state that having a child is harder than expected
  • The cost of childcare has increased about 65% in real terms since the early 1980s
  • Source: Princeton Economist
By |2019-03-14T18:54:06+00:00March 15th, 2019|Categories: Talent Acquisition Trends|Comments Off on By the Numbers March 15, 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.