By the Numbers: April 12, 2019

BountyJobs Bites

The Numbers:

45% of those looking for a job found that less than a week was the shortest amount of time they’ve experienced between submitting an application and accepting a job
54% of recruiters surveyed stated that applicants should expect hiring to happen within a month or less
40% of recruiters say candidates should expect a response within 48 hours of an interview, however, 40% of candidates will wait a week for a response before losing interest in that job
Source: Addison Group

The Numbers:

More than 50% of HR leaders plan to update their talent acquisition strategies over the next two years due to the challenging market today
36% of respondents state that the increased amount of open hourly and salaried roles are taking longer to fill
73% of respondents have increased starting pay for salaried roles
50% of respondents have increased starting pay for hourly roles over the past two years
Source: Kronos and The Human Capital Institute

The Numbers:

The Numbers:

Each year we analyze our wealth of data to give professionals in talent acquisition a tool to arm them with the most impactful analytics and insight to create strong overall recruiting strategies. In addition, this report serves as a foundation to create effective tactical actions such as crafting the most attractive offers to lure those passive candidates.
50% of the time, the winning candidate is sent to employers within one week of the job posted on BountyJobs
1/3 of the recruiting process is sourcing the winning candidate, while 2/3 of the process is spent screening resumes, interviewing, etc… Time to tighten your recruiting process up!

The Numbers:

Opportunity for growth is number one when considering roles
Work-life balance and pay came in at number two and three
Grads expect a promotion one to two years from their start date
60% of graduating seniors are willing to take a temp role or temp-to-perm position, which is an increase of 16% over last year
Source: LaSalle Network

The Numbers:

Bank of America plans to increase their minimum wage to $20 an hour within the next two years
The wage will increase to $17 an hour as of May 1, 2019, and will continue to increase until it hits $20 an hour in 2021
The hike is thought to increase the company’s commitment to be a ‘great place to work’ and maintain growth
Source: Bank of America

The Numbers:

71% of global execs from companies with a revenue of $500 million or more plan to increase usage of temp and contract workers
75% said use of such workers will be ‘central or important to their companies’ employment practices’ two years from now (up from 43% in 2018)
Source: American Express and Thought Leadership Studio

The Numbers:

One-third of job seekers have held their current roles for less than three years
24% of business leaders said average tenure at their companies was 5-10 years, 18% said 10-15 years, and 11% said 4-5 years
Source: Express Employment Professionals

The Numbers:

Double the amount of U.S. companies reporting median pay have increased rather than lowered their rate this year
45 of the 282 companies reporting saw increases of 10%, while 33 had declined at that rate or more
Median pay increased by almost 60% at Macy’s Inc. while it fell by two-thirds at Coca-Cola Co.
Source: The Wall Street Journal