BountyJobs Bites
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
