BountyJobs Bites: Majority of Candidates Don’t Negotiate Salaries The Numbers: 67% of job seekers stated they were ‘unable to negotiate for their current salary’ per a recent survey 5% stated that they were told by their company what their salary would be 3% received a lower salary than what was requested Source: Monster Telecommuting Sees Large Increases The Numbers: Telecommuting has increased 159% over the last 12 years Telecommuters are defined as ‘non-self-employed’ workers who principally work from home at least half of the time’ Source: Global Workplace Analytics and FlexJobs Blue-Collar Workers Stay for Reasons Different Than Choosing the Job Initially The Numbers: Initially, hourly, blue-collar workers focus on pay, job security, and benefits when considering a new job When weighing to stay at a current job those factors change to culture, schedule, and the ability to learn new skills More than 25% of hourly workers are looking for their next opportunity Source: EmployBridge [...]

BountyJobs Bites Baby Boomers Sticking Around in Workforce The Numbers: 29% of older baby boomers (ages 65-72) were still working or looking for work in 2018, compared with 21% of the silent generation and 19% of the greatest generation within the same age range Source: Pew Research Center Raises on the Downturn The Numbers: 47% of recent survey respondents indicated that they had increased wages and salaries in the past three months – however raises were ‘less prevalent than at any time in the past year and a half’ As well, 47% of respondents stated that skilled labor shortages were a challenge, marking the first time since October 2018 that this percentage slid under 50% Source: National Association for Business Economics U.S. Workers’ Average Wage on the Rise The Numbers: The wages of U.S. workers increased 4% year over year this month to an average wage level of $28.54 an hour This growth rate is [...]

BountyJobs Bites Non-tech Companies Hiring More Tech Talent The Numbers: Demand for tech jobs in non-tech companies and industries is increasing As well, high-tech companies are hiring a rising number of workers in marketing, sales, and other areas 27% of all tech jobs are software developers followed by broad computer occupations such as web admin and software QA engineers Source: Indeed Nominal Wages Grow While Real Wages Decrease in Q2 2019 The Numbers: Nominal wages saw a slight increase of .3% from Q1 and 2% over last year Real wages decreased by .8% compared to Q1 and only increased by .2% over last year Marketing and advertising showed the fastest annual nominal wage growth at 3% Source: Payscale Remote Work is the Norm for Developers The Numbers: 86% of IT developers work remotely, with about one-third working from home full-time 43% said the option to work remotely is a ‘must-have’ in a job offer 71% [...]

BountyJobs Bites 75% of Hiring Managers are Too Indecisive The Numbers: Three-quarters of hiring managers are indecisive, causing low-quality hires and longer time-to-fill rates Hiring managers that make decisions via a shorter timeframe hire 10% more higher-quality candidates and hire 11% fewer lower-quality candidates with decreased time-to-fill rates by 17% Source: Gartner Majority of IT Hiring Stakeholders Leverage Text for Candidate Outreach The Numbers: 67% of IT decision-makers in hiring use text as a means to schedule interviews with job candidates 48% of U.S. workers polled have received a text message from a potential employer Source: Robert Half Technology California Recruiting Doctors by Paying Off Their Medical School Debt The Numbers: Doctors in California who commit to devoting 30% of their caseloads to Medi-Cal patients for five years will have their medical school debt paid off by the state California will spend $340 million to pay off these school loan debts via Prop 56 tobacco [...]

Hires Decreased in May The Numbers: The number of hires decreased by 266,000 in May Most of this decrease, 262,000, was within private industry Jobs growth was essentially flat, only decreasing by 49,000 from April Source: U.S. Bureau of Labor Statistics Top Execs Moderately Pessimistic in Q2 The Numbers: 13% of global CEOs said, ‘conditions are better than six months ago’, which is down from 14% in Q1 42% said, ‘conditions are worse in the second quarter’ compared with 46% who said the same in Q1 13% believe ‘economic conditions will improve in the next six months’, compared with 14% in Q1 Source: The Conference Board Less Than Half of Employers Have Mobile-Friendly Application Process The Numbers: 76% of candidates have the expectation that they will be able to apply for jobs via mobile devices 30% of employers offer a mobile-friendly application process 71% of applicants are frustrated with online applications that require manual entries [...]

BountyJobs Bites U.S. Adds 102,000 Nonfarm Jobs in June, Further Slowdown Expected The Numbers: 102,000 nonfarm jobs were added in the U.S. in June, signaling further slowdown June’s outcome is up from the 41,000 added in May but down from the 255,000 added in April and 158,000 added in March Source: ADP National Employment Report Transportation & Logistics Fastest-Growing Industry The Numbers: Job openings in June rose just 1.4% year over year Median base pay rose 1.7% in June to $53,422 per year Transportation & Logistics fastest-growing industry in spite of job growth slowdown Source: Glassdoor Tech Roles Take Top Billing in Mid-Year Report The Numbers: 67% of respondents to a recent report believe the ‘labor market is driven by job seekers, and therefore more than one-third plan to look for a new job this year’. Software developer (31%), registered nurse (15%), and computer support specialist (11%) are some of the jobs with the highest [...]

BountyJobs Bites Location Desired Over Pay for Hourly Workers The Numbers: Hourly workers reject job offers moreso due to long commute times rather than pay 38% of hourly jobs were turned down due to location 10% of job offers were turned down due to money 26% rejected job offers due to schedule inflexibility Source: BlueCrew Miami is Tops for IT Hires The Numbers: Miami has taken the number 1 spot for hiring IT workers 78% of IT hiring decision makers in Miami plan on adding full-time staff, which is over the 67% average seen nationally 91% said finding skilled IT professionals in Miami would be difficult Source: Robert Half Chipotle Launches New Bonus Program to Increase Retention The Numbers: The company’s new bonus program gives hourly employees the opportunity to earn up to an extra month’s pay each year Restaurant teams must reach specified goals to earn the bonus A free Chipotle meal per shift, [...]

Wage Growth & the Job-Hopping Trend Job-hopping, typically defined as switching jobs every two years or less, has become a popular trend within the current employment climate. In April, 3.5 million Americans quit their jobs. [1] A strong economy and low unemployment rate (3.6%) increase the confidence of those in the workforce to look elsewhere for employment. Per Andrew Chamberlain, chief economist at Glassdoor, “The high rate of workers voluntarily quitting their job is actually a healthy indicator. It’s a powerful signal that workers are feeling bullish about the economy today.” [2] About a quarter of U.S. employees are on the hunt for their next new opportunity, whereas the global average is 27%. [3] On the Positive Side For many, accepting a role with a new company can equal an increased paycheck. Most workers, 64%, look upon this trend favorably, which is up 22% from four years ago. Employees are doing the job shuffle as [...]

BountyJobs Bites Tech Jobless Rate Edges Down The Numbers: A modest 5,800 jobs were added to the tech sector in May The jobless rate within tech dropped to 1.3%, the lowest since January 2000 Source: U.S. Bureau of Labor Job-Hopping Helped Majority of Millennials The Numbers: 75% of millennials feel that switching jobs a few times helped bolster their careers 40% of millennials have had four or more jobs since graduating high school or college 10% feel they are underemployed Source: Akumina Inefficiencies Abound for SMBs Looking to Hire The Numbers: SMBs have been too slow to hire, therefore resulting in missing out on quality candidates 61% stated that hiring was either their top priority or one of their primary HR goals. 47% said that time to hire was between 15 and 30 days on average 20% said their hiring time averages were between 31 and 45 days Source: BerniePortal Recruitment BountyJobs Reports: Sourcing Hacks [...]

BountyJobs Bites U.S. Job Growth Slows The Numbers: S. Private payrolls increased by just 27,000 rather than the 173,000 forecasted This is the worst performance since March 2010 when the employment market lost 113,000 jobs Small businesses with less than 50 employees were the hardest hit, losing about 50,000 jobs Source: ADP and Moody’s Analytics Most CPAs Optimistic About U.S. Economy The Numbers: 57% of CPAs in leadership roles are optimistic about the U.S. economy over the next 12 months 74% said the same in Q2 2018 This is the third quarter in a row that optimism has been at a high level Source: Economic Outlook Survey Mobile Job Application Process is Complicated for Most The Numbers: Job seekers applying online complete 53% fewer applications These job seekers also take 80% longer to complete each application 58% of Glassdoor users look for jobs on their phone Source: Glassdoor BountyJobs Reports: Cognitive Dissonance Series, Wage Growth: The [...]