>>By the Numbers: March 2, 2018

By the Numbers: March 2, 2018

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Diversity Survey Discovers Mixed Views

A recent survey from CompTIA found that nearly 80% of high-tech industry workers were satisfied with their company’s diversity efforts and 87% stated they have been on a diverse team within the last year.  Still, 45% of workers feel that the industry is behind in promoting diversity.

March Madness About to Impact Office Productivity

A new survey from OfficeTeam saw that male employees and those between the ages of 18-34 spend the most time on sports tournaments at work – 36 minutes and 34 minutes on average per day, respectively. For example, chatting about the tournaments with coworkers or taking part in informal competitions. 46% are big fans of sporting events like March Madness in the office.

Millennials Not Prepared for Retirement

Research from the National Institute on Retirement Security report, ‘Millennials and Retirement: Already Falling Short’ states that this age group has not saved enough for retirement, or not saved anything at all. 66% of working Millennials and 83% of Latinos in this age group have nothing saved for retirement.

Onboarding Processes are Broken

According to a study from Nintex, 86% of employees looking for another opportunity believe the onboarding process is broken and ‘prevents them from maximizing their potential’.

Financial Training Desired for Employees

A study by Massachusetts Mutual Life Insurance Co. found that almost 60% of middle-income Americans feel more financially secure due to financial benefits they were given through their employer. However, those with lower-incomes did not agree. 65% of upper-middle-income Americans with incomes between $75,000-$150,000 stated they felt more financially secure due to the benefits and only 42% with incomes less than $45,000 agreed.

Inconsistent Employee Training Not Helpful

The second annual ‘State of Workplace Training Study’ from Axonify found that 31% of the U.S. workforce does not have access to any formal job training and 43% of those that do get training say it is ineffective.

“As the training industry is producing new and innovative technology to empower employees, it is alarming to see that companies aren’t embracing new approaches to learning as part of their overall strategy,” said Carol Leaman, CEO of Axonify.

More Women Entering the Workforce While More Men Exit

“Between 1979 and 2016, more men have exited the labor market and more women have entered the labor market, narrowing but not closing the gender gap in hours worked per year. In 1979, only 6.3 percent of prime-age men did not work at all over the course of a year (were nonearners), but that number nearly doubled to 11.9 percent in 2016. The share of prime-age women who did not work declined from 29.8 percent in 1979 to 19.4 percent in 1999, then rose to 24.1 percent by 2016.”

Alaska Eliminates Minimum Wage Exemptions for Disabled Persons

It is now illegal for employers in Alaska to pay less than minimum wage to employees with disabilities. In repealing 8 AAC 15.120, Alaska joins New Hampshire and Maryland as the first states in the nation to eliminate payment of subminimum wages for persons with disabilities. “Workers who experience disabilities are valued members of Alaska’s workforce,” said Department of Labor and Workforce Development Acting Commissioner Greg Cashen. “They deserve minimum wage protections as much as any other Alaskan worker.”

Jobless Claims Average Falls to Lowest Level Since 1969

“The US four-week moving average of initial claims for unemployment insurance fell to 220,500 last week, down 5,000 from the previous week’s revised average, the US Department of Labor reported. This is the lowest level for this average since Dec. 27, 1969, when it was 219,750.”

San Francisco is Hardest Working City

A recent report from WalletHub compared the 116 largest cities in the U.S. using key metrics such as employment rate, average hours worked per week, etc… The top 5 hardest-working cities in America are:

  1. San Francisco
  2. Fremont, Calif.
  3. Jersey City, NJ
  4. Washington, DC
  5. New York

Skills Gaps Seen by Employers But Not Students

“Using eight competencies that NACE identified as constituting “career readiness,” the survey asked employers and graduating seniors to indicate how proficient new graduates were in each. For the most part, employers were less likely to view new college graduates as proficient in these competencies than were the students themselves. This discrepancy can be problematic because it suggests that employers see skills gaps in key areas where college students don’t believe gaps exist, according to NACE.”

By |2018-03-02T03:19:54+00:00March 2nd, 2018|Categories: Talent Acquisition Trends|Comments Off on By the Numbers: March 2, 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.