Each week, we’ll brief you on notable stats and happenings related to current events impacting the job market now or in the foreseeable future.
Diversity Valued as Recruiting Metric
35%: percentage of decision makers that plan to prioritize diversity when hiring. Per the report from Glassdoor, “job candidate demographics are one of the most important recruiting metrics for hiring decision makers.” For other top metrics to track in talent acquisition, take a look at our recently released Annual Agency Recruiting Benchmark Report for 2017 here.
Top Reasons to Leave a Job
40%: percentage of survey respondents that cite unhappiness with their job as the top reason for leaving. The IBM Smarter Workforce Institute polled more than 22k employees regarding staying with or leaving a company – 16% are actively seeking a new job and 46% would be open to accepting another job opportunity.
Public & Employee Perception of Companies
19%: percentage of employees globally that see a strong alignment between their company’s public perception and their own. The Weber Shandwick report surveyed 1,902 full-time employees.
Online Ratings Matter
86%: percentage of companies that that feel online ratings are not fair. Per a CareerArc poll, only 1 in 5 applicants would consider working with employers with a 1-star rating.
Men are More Likely to Use Benefits
Childcare, personal time off, flexible schedules, paid leave, and unpaid leave: benefits that men are more likely to us than women, per a Benefits Pro survey.
Artificial Intelligence on the Rise
69%: percentage of survey respondents that expect AI and cognitive technologies to add more jobs than eliminate. Deloitte polled 250 senior executives. For more on AI and talent acquisition, check out our post here.
Spotify Instituting Flexible Holidays
“From now on, every Spotifier has the opportunity to take the holidays that matter to them. They can choose to work on a day that is a public holiday in the country they work in, and swap it for another work day instead. This means they can be off of work on a day that fits their observations or beliefs better.”
Workplace Politics and Working Long Hours = Promotion
78%: percentage of survey respondents that believe working more hours is at least somewhat important in getting promoted. More than half believe participating in workplace politics is an important factor in earning a promotion. Bridge surveyed more than 1,000 office employees.
Low Unemployment Rate for Seniors
3.2%: The low unemployment rate of workers age 55 and older. Per the Bureau of Labor Statistics, seniors have a low unemployment rate but also tend to be in low-paying jobs that don’t have retirement savings plan.
Unemployment Insurance Claims Rose
The US four-week moving average of initial claims for unemployment insurance rose to 237,750 last week, up 6,500 from the previous week’s unrevised average, according to seasonally adjusted numbers released today by the US Department of Labor.
The department reported claims-taking procedures continue to be severely disrupted in the Virgin Islands. The ability to take claims has improved in Puerto Rico and it is now processing backlogged claims.
Compensation History Ban
“A majority of executives believe their organizations will be affected by new legislation aimed at closing pay gaps for women and other underserved populations, according to a survey released by the Hay Group division of Korn Ferry International Inc. (NYSE: KFY). However, most don’t believe the legislation will achieve the desired results.”