>>By the Numbers: March 16, 2018

By the Numbers: March 16, 2018

We Were Honored to Partner with Capital Factory at SXSW!

If you haven’t been following our Twitter and Facebook accounts lately, you’re missing out! We had an epic time here in Austin as we took part in SXSW – partnering with Capital Factory was so exciting!  Having the chance to be involved in this awe-inspiring conference surrounded by some of the best minds in multiple industries was an honor. How great to see envelopes being pushed and minds being inspired.

Check out our coverage and shenanigans on our Twitter and Facebook pages!

BountyJobs Bites

Hiring Essentially Flat Heading into Q2 per Report

A report from ManpowerGroup finds that hiring between Q1 and Q2 in 2018 is relatively flat – 23% of employer respondents predict hiring increases and 73% expect to ‘maintain current staff levels’.

IT Job Growth ‘Essentially Flat’

A report from TechServe Alliance found that IT jobs in the U.S. increased only .01% month over month and only 1.2% year over year.

Per ManpowerGroup Report, Hiring Outlook Positive for Q2

The report ranked the U.S. as one of the strongest hiring outlooks – 44 countries were included in the report. Hungary, Taiwan, Croatia, and Japan also ranked high.

“We are seeing optimism from employers in many countries across the world as the near-term global economic outlook is increasingly positive,” said Jonas Prising, ManpowerGroup chairman and CEO.

Millennial Bosses Utilize Online Communication

A recent survey from Korn Ferry International Inc. found that 55% of millennial professionals cited online messaging as their communication method of choice. Email came in second at 28%, 14% chose in person, and only 3% selected the phone.

CEO Salaries Released

Per the Wall Street Journal, employees are having a look at their CEO’s salaries via the 2010 Dodd-Frank Act (requires publicly held companies to file pay disclosures with the U.S. Security and Exchange Commission). The Act is an attempt to assist shareholders in understanding and questioning the difference in pay between CEOs and their staff. A few recent ones to note:

Humana Inc., whose CEO’s $19.8 million a year salary is 344 times its median employee wage; Whirlpool Corp.’s CEO makes $7.08 million a year, 356 times more than employees; and the head of Marathon Petroleum Corp. is paid $19.7 million-a-year salary, 935 times workers’ salaries.

Best Jobs for 2018 List Highlight Construction and Healthcare

Indeed released their ‘Best Jobs of 2018’ list, which saw construction and healthcare roles on top. The baseline salary used was $75,000, and also took into consideration the number of postings on Indeed since 2014. A larger variety of jobs was seen and included 16 jobs new to the list this year.

Skills Gap Not What It’s Reported to Be

The National Association of Colleges and Employers took a look to see if the skills gap was as wide as reported. Edwin Koc, NACE’s director of research, public policy, and legislative issues stated, “Despite several employer-based assessments of the employment market, there is no credible supporting evidence of a national skills gap that would warrant a comprehensive national response in the way of radical reform of the American higher education system.”

Gig Economy Rights on Table

Per CNN, the online platform Handy has submitted bills in front of eight legislatures this year. The bills would ‘permanently classify most gig workers as independent contractors’. All eight bills are expected to be signed into law.

Freelance Creative Talent Highly Desired

A survey by The Creative Group found that over 50% of companies utilize freelance for creative work. 39% state that the quality of such talent is increasing. “While freelancing is not a new concept in the creative industry, it’s becoming a more attractive career option for professionals with in-demand skills like digital marketing, web and user experience design, and content creation,” said Diane Domeyer, executive director of The Creative Group. “As hiring remains competitive, companies increasingly turn to highly skilled freelancers to fill gaps on their teams.”

Research Lists Highest-Paying Roles in Gig Economy

Recent research from FitSmallBusiness.com state that Artificial Intelligence is the highest paid role within the gig economy at $115 per hour. Some fields had billings increase by 200% year over year.

Jobless Claims Average Edges Down by 750; Initial Claims Fall by 4,000

The US four-week moving average of initial claims for unemployment insurance edged down to 221,500 last week, down 750 from the previous week’s unrevised average, the US Department of Labor reported. The previous week’s average was revised down by 250.

The four-week moving average decreases the volatility of the weekly numbers. Total initial claims for unemployment insurance for the week ended March 10 fell to 226,000, down 4,000 from the previous week’s level, which was revised down by 1,000.

Employers Expect Healthcare Costs to Continue to Rise

Per the 22nd annual Best Practices in Health Care Employer Survey by Willis Towers Watson, the cost of healthcare in 2018 is predicted to increase 5.5%, up from 4.6% in 2017.

Nonsmokers Want More Vacation Days

A new study from HaloCigs found that 42% of nonsmokers thought they should have 3-5 extra vacation days, and 20% stated they shouldn’t get any extra. This comes from research stating that the average smoker spends six days a year on “smoking breaks and health-related smoking problems” costing $156 million in lost productivity.

Learning & Development Pros Disappointed with Tracking Success

Per a survey from the Chief Learning Officer Business Intelligence Board, over 50% of learning pros are not satisfied with the options to track the business outcomes against their training efforts. A whopping 93% of companies already track or plan to track employee response but only half measure ‘impact on performance’.

Most Would Not Report an Office Romance

A new survey from Namely reports that less than 5% of employees would tell HR about an office romance, regardless of the office policy. 61% stated no office policy existed, though 40% have been involved in an office romance. Only 5% were between a manager and a subordinate. Interestingly, millennials are more likely to have a romance with a manager than other groups.

By |2018-03-16T04:20:50+00:00March 16th, 2018|Categories: Talent Acquisition Trends|Comments Off on By the Numbers: March 16, 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.