BountyJobs Bites Raises and Promotions Expected in 2020 The Numbers: In Q3 of 2019, worker confidence was at a record high The anticipation of expected promotions saw the largest increase quarter-over-quarter rising from 110.1 in Q2 to 133.9 in Q3 2019. Source: HRO Today Magazine and You Hiring for Seasonal Roles is Most Stressful The Numbers: Long, manual onboarding processes cause stress for those hiring holiday seasonal workers Almost 80% of HR respondents say that the time it takes to onboard new staff is challenging 72% stated that handling onboarding paperwork is a struggle Source: Adobe Most Job Seekers Run From a Bad Candidate Experience The Numbers: 49% of job seekers have said they have rejected a job offer due to a negative candidate experience A higher percentage said they would discourage family or friends from applying for a job due to a bad experience with the company’s recruiters Source: PwC BountyJobs Reports: When Recruiter [...]

Top 10 Reasons Why Recruiting Through the Holidays WINS Think the holiday season is when you should put on the hiring breaks? Think again! Planned strategically, this time of year can take your talent acquisition goals leaps and bounds past your original plan of attack. Stick with us kid, and you'll go places...even when hiring for talent during the so-called 'holiday slump'. Getting Social Prospects are tied to their phones even more as they are out and about shopping or attending holiday events. The chance that they will see your social media outreach or phone call…and reply, increases. Slow Schedules Within many organizations, projects are put on hold or slowdown during the holidays. Due to this, your ideal candidates may have more time to take a look at your opportunity. Reflection Time At the end of the year many people take time to reflect on year’s past and what’s to come for the new year. [...]

BountyJobs Bites U.S. Economic Growth Forecasts Grow Weaker The Numbers: Over the next year, the outlook for U.S. economic growth looks weaker now than it did three months ago Real GDP is now expected to grow 1.7% this quarter, down from 2% originally forecasted The number of jobs added was slightly revised upward for job gains over the next two years Source: Federal Reserve Bank of Philadelphia Imbalance on Pay Between New and Existing Workers Has Impacts The Numbers: As a way to recruit new hires, many companies focused on increasing wages, which inadvertently increased the wages for younger workers as that age group is akin to new hires This has led to historic pay compression due to the imbalance between spending on new hires vs. existing workers The difference between wages of those in the 20-24 year old range and those in the 25-34 year old range narrowed to its smallest gap in 36 [...]

BountyJobs Bites Employers Should Negotiate More Than Salary The Numbers: Two in five workers may reject a job offer if the employer negotiates only the salary portion of an offer 21% of workers said their ‘organizations are open to negotiating some aspect of job offers with candiates’ 63% said pay is negotiable Source: Robert Half Cybersecurity Workforce Talent Gap Requires Much Growth The Numbers: The cybersecurity workforce would need to grow 145% to fill the talent gap for cybersecurity experts An additional 4.07 million trained professionals will be needed 65% of companies are reporting a cybersecurity staff shortage Source: (ISC)2 Nursing Shortage Worsens The Numbers: 52% of nurses say the nursing shortage has gotten worse, compared to 37% in 2015 81% said they are satisfied with their jobs 86% of baby boomer nurses plan to retire in the next five years Source: AMN Healthcare Services Inc. BountyJobs Reports: The New Dynamics of Recruiting 2019 Survey [...]

BountyJobs Bites Almost Half of U.S. Workers Looking for New Opp in 2020 The Numbers: 48% of employed adults in the U.S. are likely to look for a new job in the next year 44% are concerned they will never find their ideal job. This worry is most prominent within office-administrative, industrial, and professional-managerial industry sectors 69% also worry about not landing the right job Source: American Staffing Association Millions of Jobs Expected via Salesforce and Partners by 2024 The Numbers: 2 million jobs to be created via Salesforce, partners between 2019 and 2024 These jobs are to include robotics, artificial intelligence, digital marketing, digital-assisted security The talent gap is expected to pose a significant barrier The Source: Salesforce Job Outlook Not As Upbeat as Reports The Numbers: Job growth expected to slow despite the better-than-expected recent jobs report “The index suggests that job growth may slow down a little in the coming months,” said [...]

BountyJobs Bites U.S. Wage Growth Slows The Numbers: U.S. workers’ wages grew 3.2% over the last year 47.5% of economists predict 2020 will see the start of the next recession 27% forecast a recession starting in 2021 7.5% and 10% say it was start in 2022 and 2023, respectively Source: ADP Research Institute & The Wall Street Journal Startups Face Challenges When Filling Roles The Numbers: First-year startups report that they are increasingly facing talent shortages 33% of 1,000 new small business owner reported having job openings they could not fill (this is almost double the 14% of startups who reported unfilled job openings in 2017) Source: SCORE survey Real GDP Forecasts Differ Slightly The Numbers: Wage and salary growth decreases to its slowest pace in four years, as economic growth continues to slow 69% of economists believe real GDP will grow 1.1% to 2.0% through Q3 2020 48% expect real GDP growth to exceed [...]

BountyJobs Bites Seasonal Holiday Workers Prioritize Flexibility The Numbers: Flexible schedules and working as many hours as possible are tops with those looking for hourly, seasonal holiday work 55% of respondents want to work at least 26 hours a week 63% expected to work 25 hours or less 32% expect an hourly pay rate of $13.26 Source: Bluecrew/Toluna IT Jobs Growth Stalls with Slight Year Over Year Net Growth The Numbers: IT jobs in the U.S. grew by a net 5,600 year over year in September This represents a slow growth rate of .1% There were almost 5.4 million tech jobs in September and nearly 2.7 million engineering jobs “IT employment growth has effectively stalled,” said Mark Roberts, CEO of TechServe Alliance, the national trade association of the IT and engineering staffing and solutions industry. “With an insufficient labor pool of IT professionals to meet demand coupled with ever more restrictive immigration policies, the prospect [...]

BountyJobs Bites Majority of Talent Plans to Move On Within Five Years The Numbers: 75.5% of employees plan to work for their current employer for five years or less 51.7% of job seekers have left their jobs voluntarily within the past five years 35% of employees have searched for a new job during their work day at their current employer Source: iHire Teacher Shortage Continues The Numbers: The U.S. is facing a shortage of 307,000 teaching jobs 60,000 teaching positions were eliminated during the 2008 recession, and the student population has outpaced teaching jobs since then Although all states require at least a bachelor’s degree, teachers earn 21% less on average than other professions that require the same Source: Economic Policy Institute Self-Control is Top Talent for Candidates? The Numbers: Curiosity and drive are typically top qualities looked for by recruiters and hiring managers, but self-control is one that impacts both of these Restraint increases [...]

BountyJobs Bites Skilled Workers Behind Freelancer Growth The Numbers: In 2014, 17% of workers worked as independent contractors full time, this percentage has now jumped to 28% Freelancers are now most likely skilled professionals within IT, programming, marketing and business consulting with a median rate of $28 an hour Source: Freelancing in America 2019 Healthcare and Food Service Jobs to See Large Increase The Numbers: Healthcare jobs to see the largest increase in employer demand by 2026 Foodservice jobs including cooks and waiters are to be a close second Those with the smallest demand increase look to be marketing analysts, customer service reps, landscapers, truck drivers, and maintenance/repair, workers Source: The Knowledge Company/Glassdoor Unemployment Now Lowest in 50 Years The Numbers: The unemployment rate dropped to 3.5% after holding steady at 3.7% 5% is the lowest rate seen in 50 years Industry job growth was up overall in September, impacting healthcare most Source: U.S. Department [...]

BountyJobs Bites Majority of Employees Plan to Stay Where They Are The Numbers: 53% of employees surveyed in Q2 were planning on staying in their current jobs that quarter This is a 10% increase from Q1 Economic uncertainty is thought to be a cause Source: Gartner Skills Training Offered More to Younger Workers The Numbers: 51% of workers aged 55+ were offered job retraining 84% of workers between 18-34 were offered job retraining 69% of workers between 35-54 were offered training Source: Clutch Value in Upskilling Seen by Both Workers and Employers The Numbers: 61% of employees said ‘technology helps them perform high-quality work’ 70% of organizations had ‘introduced at least one technology designed to increase employee capacity’ within the past year 63% of managers said their ‘organizations haven’t provided them with the resources to improve their skills’ Source: West Monroe Partners BountyJobs Reports: The New Dynamics of Recruiting 2019 Survey - CLOSING SOON! Each [...]