By the Numbers: September 28, 2018

BountyJobs Bites Negative Company Ratings Have Big Impact on Applicant Volume The Numbers: A survey from Monster found that 38% of respondents would only apply to companies that had at least a 3-star rating out of a 5-star rating system. Almost one-third would ‘never apply’ to an employer that had negative employee reviews. Salaries Projected to Rise in 2019 but Bonuses to Decrease The Numbers: Salaries are to rise 3.1% in 2019, which is the highest increase seen since the recession in 2008. However, bonuses and other incentive pay is forecasted to decline after seeing consistent increases between 2010 and 2015. CEO Outlook Survey Reports Higher GDP Estimate and Decline in Hires The Numbers: The 2018 U.S. GDP growth is now estimated at 2.8%, up slightly from the previous estimate of 2.7% from Q2, per the CEO outlook from the Business Roundtable’s third-quarter 2018 CEO Economic Outlook Survey. Plans for hiring decreased in Q3 but [...]

By |2018-09-27T18:09:23+00:00September 28th, 2018|Categories: Uncategorized|Comments Off on By the Numbers: September 28, 2018

The Case for Comprehensive and Tech-Enabled Talent Acquisition

Q&A with Greenhouse VP of Platform and Partnerships, Dane Hurtubise We recently announced our partnership and joint product integration with the fastest-growing talent acquisition suite, Greenhouse. This integration extends current Greenhouse customers' recruiting reach with the power of the BountyJobs Recruitment Marketplace inside their existing Greenhouse Account. Ahead of the launch, we sat down with Dane Hurtubise the VP of Platform and Partnerships at Greenhouse to get his take on the partnership and the role of technology in talent acquisition. Let's Get to Our Discussion BountyJobs: The world of recruiting is quickly evolving, and technology is an essential part of that evolution. How does Greenhouse keep up with the demand from talent acquisition teams for comprehensive technology solutions? Hurtubise: Greenhouse tackles this demand in two ways. We make it easy for other software providers to connect their applications to Greenhouse through our free, open APIs. In addition, we have expanded our core offering into a [...]

By |2018-10-01T15:55:32+00:00September 26th, 2018|Categories: Uncategorized|Comments Off on The Case for Comprehensive and Tech-Enabled Talent Acquisition

By the Numbers: September 21, 2018

BountyJobs Bites Office Perks as Important as Health Benefits? The Numbers: 68% of employee respondents feel that ‘work perks’ are as valuable as health coverage, life insurance, etc. Per a survey from Zenefits, small businesses are having a hard time competing with large companies who have the resources to offer these perks. CHRO Salaries Rising in Certain Industries The Numbers: Per the Crowe 2018 Bank Compensation and Benefits Survey, median salaries for CHROs in the banking industry increased by 7% while retail banking officers’ median pay decreased by more than 7%. Boeing Bringing Retirees Back On The Numbers: As of August 15, Boeing started hiring retired mechanics and inspectors under an agreement with the International Association of Machinists and Aerospace Workers. Production snags were caused in part by engine and fuselage shortages for 737s. CLOSING SOON!! HARD TO HIRE: THIRD-PARTY RECRUITING AND THE STATE OF TALENT ACQUISITION SURVEY – BOUNTYJOBS REPORTS Our annual survey is [...]

By |2018-09-20T18:14:53+00:00September 21st, 2018|Categories: Uncategorized|Comments Off on By the Numbers: September 21, 2018

By the Numbers: September 14, 2018

BountyJobs Bites Hiring Expands Across Industries The Numbers: The August LinkedIn Workforce Report finds that hiring continues to expand across the U.S. The biggest gains were seen in agriculture (19.9% increase), transportation & logistics (13% increase), and energy & mining (10.9 increase).  Houston saw a rebound from last year 20.3%, showing growth after Hurricane Harvey. Retail is still alive contrary to reports, with New York, San Francisco, and Seattle experiencing shortages. Best Q4 Hiring Outlook in a Decade The Numbers: Per a ManpowerGroup Employment Outlook Survey, employers are looking to hire more workers in Q4. The net employment outlook is +19%, which is the strongest in a decade. All 13 industry sectors reported optimistic hiring plans with the largest being leisure and hospitality at +20%, marking the largest for 28 quarters straight. More Gig Leaders Being Hired Than Before The Numbers: 60% of HR professionals have said they are hiring more contingent workers than they [...]

By |2018-09-13T17:11:47+00:00September 14th, 2018|Categories: Uncategorized|Comments Off on By the Numbers: September 14, 2018

By the Numbers: September 7, 2018

BountyJobs Bites IT Job Growth 8 Times Faster The Numbers: Employment and wage gain slowdowns seen in other industries doesn’t seem to be impacting IT roles. IT jobs are growing eight times faster than all other jobs per a study from MIT. Big data, computer software, and cybersecurity in particular are in-demand. Between 2004 and 2017, IT occupations have grown 19.5% - less IT-intensive occupations grew only 2.4% within the same timeframe. Construction Growth Further Impacted by Skills Gap The Numbers: 80% of construction firms report a challenge in finding skilled workers especially for hourly craft positions, per a report from the Associated General Contractors of America and Autodesk. Delays and higher projects costs are caused by the talent shortages as businesses attempt to keep full headcount…or reach it at all.  More than 75% of tracked metro areas have the same problem. "Technology can help bridge [the skills gap], and more firms are bringing training [...]

By |2018-09-06T16:23:53+00:00September 6th, 2018|Categories: Uncategorized|Comments Off on By the Numbers: September 7, 2018

By the Numbers: August 31, 2018

BountyJobs Bites Majority of Recruiters Find Their Job More Difficult Now The Numbers: 62% of recruiters feel their job is harder today than a year ago, and 67% stated their job is more difficult than it was five years ago per a survey from Monster Worldwide.  As well, 59% of respondents believe it’s been more challenging to get quality candidates than it was a year ago, and 62% feel the same even when comparing to five years ago. Skilled labor shortage (59%) and competition from other recruiters (52%) were cited as potential reasons. Layoffs More Common from Underpaid CEOs The Numbers: CEOs that are underpaid are four times more likely to lay off staff, no matter the size of the company or industry conditions, per research from ScienceDaily. Almost 50% of Workers Don’t Have a Career Path The Numbers:  About 47% of U.S. workers aged between 35 to 44 don’t have a career path in [...]

By |2018-08-30T19:52:25+00:00August 31st, 2018|Categories: Uncategorized|Comments Off on By the Numbers: August 31, 2018

By the Numbers: August 24, 2018

BountyJobs Bites Average U.S. Weekly Wage Increases in First Quarter The Numbers: Per the U.S. Bureau of Labor Statistics, the average U.S. weekly wage increased 3.7% year over year to $1,152 in the first quarter.  Peoria County in Illinois and Suffolk County in Massachusetts were the counties that posted the largest year-over-year percentage increases in average weekly wages (among the 349 largest counties in the U.S.) with gains of 23.8% and 12.1% respectively. U.S. Economic Growth Reportedly at ‘Solid Pace’ The Numbers:  The Conference Board’s US Leading Economic Index rose 0.6% in July to a reading of 110.7 (2016 = 100), following a 0.5% increase in June, and a 0.1% increase in May. “The US LEI increased in July, suggesting the US economy will continue expanding at a solid pace for the remainder of this year,” said Ataman Ozyildirim, director of business cycles and growth research at The Conference Board. “The strengths among the components [...]

By |2018-08-23T15:58:35+00:00August 24th, 2018|Categories: Uncategorized|Comments Off on By the Numbers: August 24, 2018

By the Numbers: August 17, 2018

BountyJobs Bites Worker Pay in 2019 Forecasts as Slight Increase The Numbers: A Willis Towers Watson survey found that slightly larger pay increases are on the horizon for 2019 – 3.1% increase, compared to 3.0% in 2018. Pay raises have stuck around the 3% mark for the past 10 years. IT Job Growth Restricted by Talent Shortages The Numbers:  The growth of IT jobs in the U.S. increased only slightly, .06% in July, for a total of around 5.3 million per TechServe Alliance. There is a high-demand for tech talent within certain IT skill sets…but also an acute talent shortage. Hard to Hire: Third-Party Recruiting and the State of Talent Acquisition Survey - BountyJobs Reports Our annual survey is now open! Each year we craft a survey with this goal in mind – to collect data on topics that matter in talent acquisition; covering third-party recruiting and other hot-button trends and topics affecting our industry [...]

By |2018-08-16T22:58:27+00:00August 17th, 2018|Categories: Uncategorized|Comments Off on By the Numbers: August 17, 2018

By the Numbers: August 10, 2018

BountyJobs Bites Strong Economy and Employment Market? Not for Everyone The Numbers: The number of temp workers is higher than it was for the past two recessions - with more than three million workers falling into this category; full-time work for some has been hard to find. Those in the 55 years and over camp aren't faring much better; they are the largest group of workers and also experiencing slower annual earnings growth than other age groups. Construction once thought to be a solid industry for employment, now has the highest level of unemployed workers (based on the average for the year ending in June). Our report, Cognitive Dissonance: Reports vs. Reality, What's Really Happening in the Employment Market, goes behind the headlines and uncovers what most are not reporting - download the report here. Job Openings Top Unemployed Numbers for Three Consecutive Months The Numbers:  Per the U.S. Bureau of Labor Statistics, the number [...]

By |2018-08-10T15:08:50+00:00August 10th, 2018|Categories: Uncategorized|Comments Off on By the Numbers: August 10, 2018

By the Numbers: August 3, 2018

BountyJobs Bites Second Half of 2018 to See Hiring Increase The Numbers: Careerbuilder's new mid-year 2018 U.S. job forecast states more hiring managers and HR professionals are looking to hire in the back half of 2018 than what was seen at the same time in 2017. 63% plan to hire full-time, permanent workers - this is up from 60% last year. Salary Wages Hit Nearly 10 Year-High The Numbers: Per the Bureau of Labor Statistics report looking at April – June, the employment cost index rose 0.6% for civilian workers. This increases the 12-month rate to 2.8% which is the highest level since Q3 of 2008 which saw 2.9%. 219K Jobs Added in July: ‘No Signs of Slowdown’ The Numbers:  The ADP National Employment Report states that the U.S. private-sector employment rose by 219K jobs in July – said to be the ‘strongest hiring since February’. “The job market is booming, impacted by the deficit-financed tax [...]

By |2018-08-06T21:15:10+00:00August 3rd, 2018|Categories: Uncategorized|Comments Off on By the Numbers: August 3, 2018