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.
Holidays at the Office
New data from Randstad U.S. gives insight on what employees value more in the workplace around the holidays. 34% look forward to that holiday bonus and a whopping 87% say “holiday celebrations give them a greater opportunity to interact with coworkers and build relationships.”
Here are a few other highlights from the report:
Holidays = Stress Case
Mark Malis, the head of global human resources at LifeWorks, assembled a list of five common causes of stress during this time of year, and what you can do to tackle them.
New Laws a Top Concern for TA in 2018
More than 53% of respondents to an HR Dive newsletter readers poll stated, “state and local laws as their top compliance concern headed into 2018”.
HR Increasing Value of Data
A new survey from Paycor cites that 47% of professionals will be more data-driven in the year 2022. Harris Poll surveyed 500 HR practitioners and C-suite executives in small to midsize companies nationwide for the study.
Digital Requirements on the Rise
Per a report from Brookings: Between 2002 and 2016: jobs requiring low-level digital skills dropped by 26% to a level of 30%, jobs requiring mid-level digital skills rose 8% to a level of 48%, and jobs requiring high-level digital skills rose 18% to a level of 23% of roles with that requirement.
Hiring Increase for College Grads of 2018
Per a fall survey by the National Association of Colleges and Employers, U.S. employers may hire 4% more college grads in 2018 than they did in 2017.
IT Job Growth Slowing
The TechServe Alliance reported a slowdown in IT job growth for the U.S.. The number of jobs rose just by 0.1% from October to September, and 2.1% year over year.
“Following a trend that has been in place for some time, the rate of IT job growth fell to its lowest level in years,” said TechServe Alliance CEO Mark Roberts. “Given that demand remains strong for IT professionals in high-demand skill sets, this ongoing deceleration is attributable to an ever-tightening labor supply.”
Tech and People Skills Matter When Attracting Talent
ManpowerGroup Solutions released research stating that a balance of technology and personalization were core to attracting top talent.
“The report, “Swipe Right: Candidate Technology Preferences During the Job Search,” found 52% of candidates from around the globe would like to use mobile apps to apply for jobs from their smartphones. However, the report also highlights that personalization is key, with more than one-third of candidates saying that automated messages that are not personally targeted undermine an employer’s credibility.”
Hawaii Lowest Unemployment Rate in U.S. for October
Hawaii posted the lowest unemployment rate among all states in October at 2.2%, the U.S. Bureau of Labor Statistics reported today. North Dakota followed at 2.5%.
Alaska recorded the highest jobless rate among all states at 7.2% in October.
CHRO Pay on the Rise but Still Falls Behind
Per a report from HR Executive Pay Trends, pay for CHROs has risen but remains far below total compensation for chief executives and other C-level executives.
“We are seeing a progressive and positive trend toward companies viewing the HR function far more strategically, especially in the healthcare and consumer sectors where talent acquisition has always been competitive,” said Michael Bergen, Managing Partner of Allegis Partners U.S. and Global Practice Leader, Human Resources.