BountyJobs Bites March Jobs Report: Rebounds from February The Numbers: 196,000 jobs added in March (up from the estimated forecast of 170,000) February jobs number was adjusted from 20,000 to 33,000 U.S. unemployment remained the same as February at 3.8% Source: U.S. Department of Labor Hiring Slows for U.S. Businesses The Numbers: Uncertain economic prospects caused U.S. businesses to slow down hiring in March As well, private payrolls have increased the least in over a year 129,000 jobs were added in the U.S. in March This slowdown could cause unemployment to rise again Source: ADP/Moody’s Analytics Women Less Likely to Pursue High-Paying Jobs The Numbers: Salary confidence points to men being more self-confident in the workplace than women Men applied for jobs $13,635 higher than ones applied to by women, causing an 18.3% pay gap Source: Glassdoor Female Gen Z Programmers Value Professional Growth and Flexibility The Numbers: Career development and work-life balance are two [...]

CPG Employers Plan a 10% Wage Increase The Numbers: Consumer packaged goods employers forecast an average wage increase of 10% This data is from over 500 decision-makers surveyed within the beauty, wellness/personal care, alcohol, food and non-alcoholic drinks, and cannabis industries. Source: ForceBrands Economists Raise 2019 Job Growth Forecast The Numbers: Projections for the annual average level of nonfarm payroll employment now suggest job gains at a monthly rate of 191,800 in 2019 – an increase over the previous estimate of 181,900 Conversely, in 2020 the forecast of new jobs falls to 123,200 monthly Source: Federal Reserve Bank of Philadelphia U.S. Experiencing Widespread Talent Shortage January 2019 had 7.9 million open roles with only 6.5 million workers looking for a job This marked the 11th consecutive month of more open jobs than there are workers to fill them Source: U.S. Department of Labor Almost Half of Workers Quit Due to Higher Expectations The Numbers: 48% [...]

BountyJobs Bites Hiring Cross-Industry to Continue in Q2 The Numbers: 24% of employers expect a hiring increase in Q2 2019 72% of employers interviewed don’t plan for a payroll increase in Q2 Still, an overall positive hiring forecast of 19% is seen across the country Source: ManpowerGroup Job Openings Rise in January The Numbers: Job openings rose by 102,000 to almost 7.6 million, up from 1.4% in December Openings increased 15% on a year-over-year basis The top three industries with job openings in January: wholesale trade (91K), real estate (60K), and information (42K) Source: U.S. Bureau of Labor Statistics IT Job Growth Decreases in February The Numbers: The number of IT jobs in the U.S. decreased down to about 5.35 million jobs On a year-over-year basis, IT employment was up .27% in February – this is a growth of 14,300 more IT workers Source: TechServe Alliance Best Jobs for 2019 The Numbers: Jobs on the [...]

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 [...]

BountyJobs Bites Report Supports Idea of Declining Gig Economy The Numbers: Contingent workforce is getting smaller as workers were more likely to have a standard job in 2017 than in 2005 9% of workers were in nonstandard jobs in 2005, while 10.1% were in 2017 Source: Economic Policy Institute Manufacturing Employment Continues to Increase The Numbers: For 18 straight months, Manufacturing employment has increased This is the longest stretch since the mid-1990s Transportation equipment and machinery production are some that have impacted much of the growth The year 1979 had 19.6 million Americans employed in Manufacturing – today that number is 12.8 million. Source: The Wall Street Journal Hiring Flexibility in Demand in 2019 The Numbers: 40% of employers plan to hire full-time workers (down from 44% last year) 47% of employers plan to hire part-time workers (down from 51% last year) 50% of HR Managers have current openings with no qualified candidates Source: CareerBuilder [...]

BountyJobs Bites Employee Loyalty on the Downturn The Numbers: 43% of workers would leave their job for a 10% increase That percentage is an increase from 2015 which was 23% Poor culture is chief reason for declining loyalty The Source: TINYpulse Digital Disconnect Hurts Productivity The Numbers: 89% of respondents feel that disjointed digital communication ‘tanks employee morale, lowers productivity, and impacts customer satisfaction and the bottom line’ The Source: RingCentral ‘Spatial Mismatch’ Negatively Impacting Applicants in Major Cities The Numbers: Job listings outnumbered available job seekers in zip codes in 12 out of 16 cities analyzed The cities which the greatest percentage of open jobs that far outnumber available workers were Boston, New York City, San Francisco, Chicago, and Minneapolis. 3 miles is the farthest reasonable distance that workers could live from the center of each zip code to work a job there The Source: Urban Institute BountyJobs Reports: 2018 in Talent Acquisition and [...]

BountyJobs Bites Salary Negotiations Are the Norm The Numbers: 55% of professionals attempted to negotiate a higher salary in 2018 68% of male professionals entered into negotiations 45% of women tried to negotiate 65% of professionals aged 18-34 asked for higher salaries (compared to 55% of those 35-54) Source: Robert Half Flexible Work Options Help Relationships The Numbers: Almost 100% of respondents feel that flexible work options could help them with mental health issues 81% thought a flexible job would help them be a better spouse, partner, significant other 87% said a flexible job would supply more time to spend with family and friends Source: FlexJobs Average U.S. Weekly Wage Rises in Q3 The Numbers: The U.S. average weekly wage increased 3.3% year over year to $1,155 in Q3 Chatham County in Georgia and King County in Washington state posted the largest year-over-year percentage increases in average weekly wages – gains of 8.5% and 7.9% [...]

BountyJobs Bites Labor Market Tightens with Record Job Openings The Numbers: There were 7.3 million job openings in the U.S. in December This is a 2.4% increase from November and a 29.4% increase year over year  Source: U.S. Bureau of Labor Statistics One-Third of Americans Plan to Look for a New Job in 2019 The Numbers:  33% of Americans are planning to look for a new job this year 48% of those are 18-34 year olds 90% of those looking for a new job will do so within the first quarter of 2019 54% believe it will be an easy process Source: Monster Worldwide Inc. Quick, Timely Feedback Bolsters Candidate Experience The Numbers: Candidates that receive same-day feedback are 52% more likely to continue engaging with that potential employer (reapplying, referring others, etc) Those who did not receive feedback were twice as likely to end the relationship with the prospective employer Source: Talent Board Voluntary [...]

BountyJobs Bites Unemployment Rate Reaches 4% The Numbers: The U.S. unemployment increased from 3.9% to 4% in January Nonfarm jobs increased by 304,000 Unemployed workers grew to 6.5 million with 175K being temporarily laid off Source: U.S. Bureau of Statistics Most CFOs Struggle to Find Talent The Numbers: 93% of CFOs find the competitive hiring market is a strain on recruiting talent Staff-level roles take 30 days or more Manager-level roles can take an average of 5 weeks Source: Robert Half Finance & Accounting Automation Increases Hiring of Human Workers The Numbers: 87% of employers plan to grow or maintain headcount due to automation, up from 86% last year 25% of production and manufacturing employers forecast an increase in headcount 20% expect to employ less people this year Source: ManPower Group 2018 in Talent Acquisition and the 2019 Impact The Numbers: 62% of recruiters state that the obstacles in finding key candidates are harder than [...]

BountyJobs Bites Talent Acquisition Resources Imperative to Business Success The Numbers: 83% of HR leaders have a goal to ‘have a measurable impact on their business’ performance – up from 57% in 2016 80% of talent leaders state their recruiting strategy focuses less on cost savings and more on value creation Source: Randstad Sourceright 2019 Talent Trends Onboarding More Painful Than a Bad Date? The Numbers: 80% of employees cite onboarding as an ‘important moment at work’, though 1 in 3 would rather go on an awkward first date 80% of workers say they have experienced some issues at the start of a new job One-third did not receive necessary training 28% were not clear on their responsibilities and goals About 25% did not receive clear onboarding Source: ServiceNow Displaced U.S. Workers Could Cost 1.4M to Train The Numbers: About 1.4 million U.S. workers could be displaced from their job due to technological change and [...]