>>By the Numbers: May 24, 2019

By the Numbers: May 24, 2019

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Millennials Dependent on Employers for Needed Skills

The Numbers:

  • 70% of millennials believe they are lacking in skills required for jobs, especially those for future roles
  • Most millennials stated that employers are primarily responsible for training workers to meet these needs, however, Gen Zers thought that educators hold that responsibility.
  • Source: Deloitte

Almost Half of Gen Z Regret Accepting a Job Offer

The Numbers:

  • 40% of Gen Z workers said they regretted accepting a job offer
  • More than half see themselves staying in their career at an organization long term
  • More than a third who regretted accepting a job offer planned to quit within a year
  • Source: Gartner

One-Third of Candidates Back Out of Offers

The Numbers:

  • 28% of candidates say they have accepted a job offer but then changed their minds
  • 44% stated they reneged due to getting a better job offer while 27% received an acceptable counteroffer from their current employer
  • Source: Robert Half

BountyJobs Reports: Cognitive Dissonance Series, Wage Growth: The Last Employer Holdout to Attract Candidates

The Numbers:

  • In 2019, as employment grew in March and April in high-skilled jobs, labor markets continued to tighten
  • Although salaries in the U.S. are forecasted to rise by 3.1%, workers will most likely not bring more total cash compensation home
  • Source: BountyJobs

Workplace Flexibility Seen as Permanent Fixture in Workforce

The Numbers:

  • Flexibility has defined how work gets done today and in the future
  • The demand for choices in how and where employees work isn’t subsiding
  • Millennials and Gen Z continue to drive changes to dress codes, scheduling etc, as they make up the majority of the workforce
  • Source: Paychex

Most Workers Don’t Want AI Involved in Hiring

The Numbers:

  • 69% of workers think AI should not be involved in hiring tasks
  • 40% see AI as unacceptable in selecting new hires
  • One-third feel that AI should not be used to conduct virtual job interviews
  • Source: Yoh

Women Entering Workforce Double The Rate of Men

The Numbers:

  • Over the past three years, women have been entering the workforce more than double the rate of men
  • Previously, women were leaving the workforce at twice the rate of men
  • Source: NPR

Most Firms Prioritize AI, But Half Don’t Have the Right Staff

The Numbers:

  • 93% of U.S. and U.K. organizations see AI as a. business priority and have projects planned around it
  • 51% stated that they don’t have the right mix of skilled AI talent
  • 41% of U.S. firms are lacking the right talent, while 73% of U.K. firms are facing the same issue
  • Source: SnapLogic

Employers Paying College Grads More Than Expected

The Numbers:

  • Entry-level college graduates will be paid about $8,500 more on average than expected
  • Recruiters are prepared to pay entry-level employees an average of $56,155 this year – above the expected $47,562 average annual salary
  • Source: iCIMS

U.S. Businesses Expanding Remote Work Options

The Numbers:

  • 43% of U.S. employers are currently offering remote work arrangements
  • 49% are allowing workers to set their own hours
  • Source: Condeco

Almost Half of Millennials Would Quit in Two Years

The Numbers:

  • 49% of millennials would quit their job if given the choice in the next two years, up from 38% last year
  • 43% cited dissatisfaction with pay as the reason to leave
  • 35% stated that a lack of opportunities to advance was pushing them out the door
  • Source: Deloitte

Average Weekly U.S. Wages Increase in Q4 2018

The Numbers:

  • The average weekly wage for the U.S. increased 3.2% year over year in Q4 2018
  • Tippecanoe County in Indiana saw the largest year-over-year increase with 15.1%
  • Source: U.S. Bureau of Labor Statistics
By |2019-05-23T22:02:34+00:00May 24th, 2019|Categories: Talent Acquisition Trends|Comments Off on By the Numbers: May 24, 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.