From Unemployment to Wage Growth: 10 External Indicators That Drive Talent Decisions
We all know the feeling in human resources and talent acquisition—the constant need to stay one step ahead.
Roles in the Project Management, Research, and Engineering fields are top of the list for slowest-to-hire, with a median time to hire of 47-49 days. The quickest to fill? Roles in customer service, accounting, auditing, and administration with a median time to hire of 33-37 days.
Per the “State of the Staffing Nation” report from Sense, over 50% of staffing firms expect between 10% and 30% annual revenue growth in 2021 over 2020. A tiny 2.3% of firms expect no growth at all. Almost 20% (18.6%) expect revenue growth of over 40%. The report also found that 66% of firms named “time-to-fill” as the most important performance metric to watch over the next year.
When looking at the week ended August 14, U.S. jobless claims hit a new pandemic low. Claims were down 29,000 to reach 348,000 (down from 365,000) the week prior.
Jobs with part-time and flexible hours are up 60% year over year with almost 2 million jobs available. The analysis by PeopleReady found that parents benefit from this increase.
Some of the most in-demand part-time jobs with flexible hours include:
Creative professionals value work-life balance over most other aspect of a job, with 75% listing it at the top of their list when looking for a new job (data from Cella). A whopping 90% are wanting to work remotely at least part of the time and listed remote work as the most-desired perk. Almost half (40%) are thinking of leaving their current company and 51% stated they would snap up the first opportunity they had to make a lateral move. Poor leadership and management and toxic environments topped the list of concerns surrounding their current roles.
Per a report by FlexJobs, about 70% of workers would think about switching career tracks with another 19% willing to change careers for an “amazing opportunity” with better work-life balance and increased pay. A paltry 5% stated they are currently happy in their profession.
In some areas, nurses are being offered hiring bonuses up to $20,000. The hope is that increasing the pay will increase retention in this tight labor market. Over the last 18 months, one hospital has spent $8.5 million on pay raises to keep nurses on staff.
We all know the feeling in human resources and talent acquisition—the constant need to stay one step ahead.
I'm sure this isn't a surprise—filling open positions quickly is super important to your organization, regardless of size or industry. After all, a...
Signing a contract is a big deal—especially when you're reviewing or signing on behalf of your organization.