BountyJobs Bites Flexible Work Options Required for Many The Numbers: In addition to female employees, male employees are looking for flexible schedules as well Women are 20% more likely to look for a new job in the next three years if their current employers does not offer flexible work options, while men are 30% more likely to do so Source: Boston Consulting Group IT Job Growth Remains Slow The Numbers: The number of technology jobs in the U.S. increased by .08% year over year in August, which is about 4,300 workers on a net basis Engineering employment increased by 2.04% year over year in August with 53,000 engineering workers Source: TechServe Alliance U.S. Economy To Stop Short of Recession The Numbers: The U.S. economy will stall with real GDP growth to about .4% in the second half of 2020 The U.S. economy will then rebound to 2.1% in 2021 Source: UCLA Anderson Forecast BountyJobs Reports: [...]

BountyJobs Bites Skills Gap Continues to Widen The Numbers: The skills gap increased by 12% last year About two-thirds of HR leaders reported a skills gap in their organizations, which is up from 52% in 2018 40% of respondents state the cause is due to changes in technology and needed skills Almost a third of respondents felt the gap was due to a lack of qualified candidates Source: Wiley Education Services and Future Workplace Data Scientist the Number 1 Job…Again The Numbers: For four years in a row, data scientist has been ranked as the number 1 job in America The median base salary for this role is $108,000 Source: Glassdoor Randstad U.S., Target and UPS Roll Out Seasonal Hiring Plans The Numbers: Target and UPS are hiring 230,000 seasonal workers between the two (Target: 130,000 and UPS 100,000) Randstad U.S. is hiring for more than 17,000 seasonal jobs Source: Staffing Industry Analysts BountyJobs Reports: [...]

BountyJobs Bites U.S. Gains 130K Jobs in August The Numbers: The U.S. gained 130K nonfarm jobs in August The job growth in August was the lowest since May Unemployment held steady at 3.7% Source: U.S. Department of Labor’s Bureau of Labor Statistics Employers Seeking Third-Party Help in Tight Labor Market The Numbers: Due to the ever-widening talent supply-and-demand gap, many organizations are outsourcing the recruitment process to increase hiring The recruitment process outsourcing (RPO) market grew 20% in 2018, continuing the growth trend over the past four years Source: Everest Group Most Gen Zers Plan to Stay Put Over 1 Year at First Job The Numbers: The majority of Generation Z respondents to a recent survey stated they planned to stay at their first job for more than one year Source: Nintex BountyJobs Reports: The New Dynamics of Recruiting 2019 Survey - CLOSING SOON! Each year we carefully craft a survey for professionals in talent [...]

BountyJobs Bites Professionals Know Their Worth and They’re Not Getting It The Numbers: 82% of workers know their worth in the labor market Less than 50% feel they are being paid the appropriate amount 73% report that they have researched and compared their salary against online market rates Source: Robert Half Perks Continue as Effort to Retain Employees The Numbers: Walmart offers perks such as salary advancements, giving the employee the option to ‘borrow’ part of their next paycheck Such perks are a response to research indicating that American workers are financially stressed Source: The Wall Street Journal Job Satisfaction Increases The Numbers: 53.7% of U.S. workers are satisfied with their jobs This is up from 51.7% in the previous year This is the second-biggest increase in the 32 year history this survey has been run Source: The Conference Board BountyJobs Reports: The New Dynamics of Recruiting 2019 Survey Each year we carefully craft a [...]

BountyJobs Bites Consumers Feel Jobs are Plentiful…But Not for Long The Numbers: The percentage of consumers stating that jobs are ‘plentiful’ increased to 51.2% in August, up from 45.6% in July Those that felt that jobs were ‘hard to get’ decreased to 11.8% this month, down from 12.5% in July 19.7% expected more jobs as they looked ahead, down from 19.9% in July Source: The Conference Board Salary Increase Would Lure Workers to Another Job The Numbers: 61.2% of employees said a salary boost of at least 9% would ‘entice them to leave their current jobs’ 30.2% stated that being underpaid would also prompt them to leave Source: The Adecco Group San Francisco Has Largest Increase in Average Weekly Wages The Numbers: San Francisco posted the highest year-over-year increase in average weekly wages among the 356 largest U.S. counties in the first quarter The average weekly wage rose 10.2% in San Francisco to $2,759, second [...]

Job Hunters Tuned in to Current Worker Opinions The Numbers: 69% of job seekers will reject a job offer based on opinions of current workers at that company 25% left a previous job due to feeling as though they were underpaid More than 50% stated that opportunities for growth were more important than their pay Source: Pollfish Most Organizations Utilize Performance-Based Raises The Numbers: 90% of organizations base their raises on the employee’s performance On average, 2019 merit increase budgets and 2020 increase projections were consistent with the past five years at 2.9% and 3% respectively. Source: Mercer Many Workers Leave Jobs for One with Flexibility The Numbers: 30% of workers say they have left a job that lacked work flexibility Flexible work options ranked higher than healthcare, retirement benefits, vacation time, and paid parental leave when considering a new job 75% value flexibility for work-life balance, 45% for family, 42% for time savings and [...]

BountyJobs Bites: Employers Increasing Bonuses, Not Wages The Numbers: Many U.S. companies are planning to keep wage increases at or below the current 3% average 32-35% of employers are reserving variable pay for executives and managers 22-25% are offering personalized benefits and variable compensation to lower-level employees Source: Willis Towers Watson Almost Half of Professionals Plan to Job Hunt Over the Next 12 Months The Numbers: 43% of professionals plan to look for a new job over the next 12 months 42% said higher pay would convince them to stay in their current job 20% would stay for more time off or more benefits 19% would stay if they landed a promotion Source: Robert Half International Economists Lower Forecasts for U.S. Growth The Numbers: The outlook for U.S. economic growth looks slightly weaker now than it did three months ago Forecasts now say the GDP will most likely grow at 1.8% this quarter, which is [...]

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% [...]