Sam’s Club closing 63 stores, traditional interviews on their way out, Walmart increasing minimum wage, and more in this week’s highlights! For more on trends in talent acquisition from 2017 that are informing the 2018 market, check out our report, Talent Acquisition Year in Review, available now!
63 Sam’s Club Stores Closing
Walmart is closing 63 Sam’s Club stores across the U.S., affecting countless workers. Each Sam’s Club warehouse employs about 175 people, meaning more than 11,000 people could be impacted.
Traditional Interviews Decreasing in Effectiveness
Per LinkedIn’s ‘2018 Global Recruiting Trends’ report, 63% of talent and hiring managers surveyed state that the traditional interview fails in ‘assessing candidate soft skills’.
Walmart Increasing Minimum Wage
Walmart is raising the minimum wage to $11 in effect in February due to new tax legislation. As well, they will be increasing maternity and parental leave benefits and assisting employees to cover adoption expenses.
The ‘Sunbelt’ is Soaring Past Coastal Cities in Hiring
Per the Workforce Report for January 18 from LinkedIn, ‘Sunbelt’ cities such as Houston, Phoenix, Dallas/Fort Worth, and Cleveland-Akron exceeded coastal cities New York City, Seattle, and San Francisco in hiring growth. For example, Houston had a 14.6% growth in hiring while the national average was 10.4%…and 3.5% for Washington D.C.
In addition, hiring is up 24% from December 2016, as shown in this graph:
Diversity is Top Trend Shaping the Next Era of Talent Acquisition
LinkedIn’s ‘2018 Global Recruiting Trends’ report finds that ‘78% of talent professionals and hiring managers say that diversity is the top trend impacting how they hire.’
U.S. Job Growth Moving Slower than Anticipated
According to the Bureau of Labor Statistics, the U.S. gained 148,000 jobs in December. Healthcare, construction, and manufacturing were the industries with the most growth.
Hiring Plans for Temps Match Last Year’s Outlook
CareerBuilder’s job forecast for 2018 finds that more than 50% of employers plan to employ temp workers this year. 64% of these have plans to move some of these temp employees into permanent roles.
U.S. Job Openings Holding Steady
The latest numbers from the U.S. Bureau of Labor Statistics reports that the number of U.S. job openings stayed relatively flat in November.
Unemployment Insurance Claims Increase
“The US four-week moving average of initial claims for unemployment insurance rose to 250,750 last week, up 9,000 from the previous week’s unrevised average, according to seasonally adjusted numbers released today by the US Department of Labor.”