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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

By the Numbers: July 27, 2018

BountyJobs Bites: Graduating Class Salaries Flat The Numbers: Per NACE’s ‘Summer 2018 Salary Survey’, starting salaries for those graduating in 2017 continue to be flat. Those with bachelor’s degrees increased by only .3% compared to 2016. The overall average salary is $50, 516 which is on par with 2016 at $50,359. Health sciences majors bucked this trend with a 7.5% increase to their average starting salary which went from $50,124 in 2016 to $53,872 this year. Hawaii Posts Lowest Jobless Rate in June While Alaska Posts the Highest The Numbers: Per the U.S. Bureau of Labor Statistics, Hawaii posted the lowest unemployment rate for June at 2.1%. North Dakota came in second at 2.6% and Colorado, Iowa, and New Hampshire all came in at 2.7%. Alaska was the highest at 7.1%. The Art of Recruiting Passive Candidates: BountyJobs Reports The Numbers: Millennials have surpassed Generation X and are currently the largest generation within the U.S. [...]

By |2018-07-26T16:38:05+00:00July 27th, 2018|Categories: Uncategorized|Comments Off on By the Numbers: July 27, 2018

By the Numbers: July 20, 2018

BountyJobs Bites GDP Growth Continues with a Tight Labor Market The Numbers: Per the ‘July 2018 NABE Business Conditions Survey’, 87% of panelists forecast real GDP growth higher than 2% over the next 12 months. “All panelists expect continued economic growth over the next 12 months, with most panelists anticipating inflation-adjusted gross domestic product — real GDP growth — to exceed 2%,” said NABE Business Conditions Survey Chair Sara Rutledge, an independent real estate economist. “Labor market conditions are tight, with skilled labor shortages driving firms to raise pay, increase training, and consider additional automation.” U.S. Facing a Severe Shortage of Pilots The Numbers:  The Federal Aviation Administration reports that in 1987 there were about 827k pilots in the U.S. That number has now decreased by 30%. At the same time, the International Transport Association predicts that the demand for air travel will double over the next two decades. The demand is already being felt [...]

By |2018-07-19T19:34:10+00:00July 20th, 2018|Categories: Uncategorized|Comments Off on By the Numbers: July 20, 2018

By the Numbers: July 13, 2018

Tools and Reports in Talent Acquisition: Making an Impact With over a decade’s worth of data and expertise, throughout the year we at BountyJobs publish valuable reports with the main goal of adding to the talent acquisition professional’s toolbox. We create these white papers, special reports, webinars, and infographics to support those working in this crazy era of recruiting. The hiring landscape is ever-changing with a historically low unemployment rate that continues to fall, salaries on the rise (depending upon the role and industry), the continuation of jobs growth, and on top of it all…leaps in technology and data tracking at the ready to assist those in hiring that are spread way too thin. As we head into the second half of 2018, we thought it an opportune time to compile the reports we’ve posted year-to-date, as an easy a la carte menu of tools to fit a multitude of challenges facing those in the [...]

By |2018-07-05T20:44:02+00:00July 13th, 2018|Categories: Uncategorized|Comments Off on By the Numbers: July 13, 2018

By the Numbers: July 6, 2018

BountyJobs Bites More Jobs Added in June Than Expected, Unemployment Rises The Numbers: Per the June jobs report from the U.S. Bureau of Labor Statistics, the U.S. economy added 213,000 jobs in June, above the 195,000 forecast by economists. The unemployment rate was expected to hold steady at 3.8% but instead rose to 4%. Labor force participation rose from 62.7% in May to 62.9% in June- these 601K new entrants to the labor force in June pushed the unemployment rate up. Average hourly earnings rose 2.7% year over year and 0.2% over the prior month of May. What's Really Behind the Employment Skills Gap: BountyJobs Reports The Numbers: According to the National Federation of Independent Business, 45% of small businesses are experiencing a challenge when trying to find candidates with the necessary skills. In addition, Forbes reports that there were 6.2 million jobs left unfilled in 2017, which is up from 5.6 million in 2016. [...]

By |2018-07-06T14:22:31+00:00July 6th, 2018|Categories: Uncategorized|Comments Off on By the Numbers: July 6, 2018

By the Numbers: June 29, 2018

BountyJobs Bites Employers Across the Globe Struggle to Hire Those with the Right Skillset The Numbers: ManpowerGroup’s ‘2018 Talent Shortage Survey’ found that 46% of U.S. employers stated they can’t find candidates with the needed skills – this was at 32% in 2015, and is the highest level recorded since 2006. Employers in Japan reported the most difficulty at 89%, Romania at 81% and Taiwan at 78%. Our report, What's Really Behind the Employment Skills Gap, explores the controversy surrounding this topic, who it effects, and how to tackle it head-on. Around the globe, the top 10 hardest jobs to fill are: Skilled trades Sales representatives Engineers Drivers Technicians IT staff Accounting and finance staff White-collar professionals Office support staff Production operators/machine operators U.S. IT Leaders Plan to Increase Staff The Numbers: As security, cloud, and digital projects continue to expand, senior managers in the U.S. plan to increase tech talent in these areas. 60% [...]

By |2018-06-28T21:17:01+00:00June 29th, 2018|Categories: Uncategorized|Comments Off on By the Numbers: June 29, 2018