>>By the Numbers: August 31, 2018

By the Numbers: August 31, 2018

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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 place, even though they’ve been in the workforce for over ten years, per research from LinkedIn.

Skills Gap Impacts Small Business Owners

The Numbers: Most small business owners, 45%, cite the skills gap as the reason they are having trouble filling roles per research from CNBC and Survey Monkey. The ‘lack of education’ is mentioned as a specific challenge. 28% stated the reason they are struggling to fill open roles is because large corporations are able to offer better pay and benefits.

U.S. Jobless Claims Average Falls to Lowest Since 1969

The Numbers:  “The US four-week moving average of initial claims for unemployment insurance fell to 212,250 last week, down 1,500 from the previous week’s unrevised average, the US Department of Labor reported. This is the lowest level for this average since Dec. 13, 1969, when it was 210,750.”


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Employees Value a Great Boss Over Higher Pay

The Numbers: More than half of employees say lower salaries are worth it if they have a great boss, per survey results from Randstad US. Among reasons to leave a company, negative personal experiences and poor workplace culture are listed along with better compensation and location.

Millennials & Gig Workers Changing the Face of the Traditional ‘Workplace’

The Numbers: How workers kick off their workday is shifting – many start the day during their commutes with 19% of those stating it starts the day ‘on the right foot’ and 39% state that work productivity during commutes cuts down on spending time in the office, per the 2018 Workplace Communications Report from Intermedia. As well, 71% said mobile apps give them not only timely updates but also piece of mind and 66% say apps increase their work efficiency – with millennials being the largest segment of this and gig workers increasing their numbers.

Entry-Level Candidates Lacking Soft Skills

The Numbers:  Data from SkillSurvey states that entry-level candidates need to improve their communication skills. Examples given were that customer service candidates would improve on communicating clearly and making high-quality decisions, finance hopefuls would increase skills in explaining financial concepts, IT-goers are suggested to increase abilities in documentation of programs and codes.

Paid Fairly or Not? The Jury’s Out

The Numbers: Research from Robert Half found that 49% felt they were ‘paid fairly’, 46% felt they were ‘underpaid’, and 5% stated they were ‘overpaid’. U.S. regions with the most workers feeling ‘underpaid’ are San Diego at 62%, Austin at 54%, Houston and Nashville at 53%, and Philadelphia at 52%. The areas with the lowest amount of workers feeling underpaid were Miami at 33%, and Dallas and New York at 37%.

Millions of Independent Workers Are ‘Digital Nomads’

The Numbers: About 4.8 million independent workers identify themselves as ‘digital nomads’ – defined as ‘technology enabled workers who travel across the globe performing their jobs remotely anywhere across countries and continents.’ These ‘nomads’ are typically the younger set and lean toward mostly males, although a third are women. While some have traditional jobs, most are full or part-time independent contractors or freelancers.

‘Ghosting’ a Potential Employer Acceptable?

The Numbers: About 40% of job seekers feel it’s okay to ‘ghost’ companies during the interview process (essentially going dark and cutting off all communication) when they’ve decided not to further pursue the role, per a survey from Clutch. 55% say they have abandoned up to five applications during their search.

Gen Z All About Freelancing

The Numbers: Per a report from ‘Freelancing in America: 2017’ from Upwork, 46% of Gen Zers freelanced last year – this is higher than any other age group. 73% stated they started freelancing by choice, while 66% of baby boomers and 62% of millennials did so more out of necessity.

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

About the Author:

Erin Geiger is a seasoned Content, Editorial, and Product Engagement professional with two decades of experience creating content as well as overall content direction and strategy. Her background stems from a variety of online verticals ranging from start-ups to Fortune 500 corporations.