BountyJobs Bites:
Employers Increasing Bonuses, Not Wages
The Numbers:
- Many U.S. companies are planning to keep wage increases at or below the current 3% average
- 32-35% of employers are reserving variable pay for executives and managers
- 22-25% are offering personalized benefits and variable compensation to lower-level employees
- Source: Willis Towers Watson
Almost Half of Professionals Plan to Job Hunt Over the Next 12 Months
The Numbers:
- 43% of professionals plan to look for a new job over the next 12 months
- 42% said higher pay would convince them to stay in their current job
- 20% would stay for more time off or more benefits
- 19% would stay if they landed a promotion
- Source: Robert Half International
Economists Lower Forecasts for U.S. Growth
The Numbers:
- The outlook for U.S. economic growth looks slightly weaker now than it did three months ago
- Forecasts now say the GDP will most likely grow at 1.8% this quarter, which is down from the previous forecast of 2.1%.
- Source: Federal Reserve Bank of Philadelphia
BountyJobs Reports: 2019 Third-Party Recruiting Benchmark Report
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!
Is the Four-Day Work Week the Future Standard?
The Numbers:
- 77% of British employees that have a four-day workweek reported a better quality of life
- 64% of British execs say productivity and work quality has improved with the shorter workweek
- Source: Henley Business School
Industry Hoppers Getting Younger
The Numbers:
- Less than half of 25-34-year-olds are expecting to stay in their current industry for the life of their career
- 26% plan to change industries within the next five years
- Source: Zip Recruiter
Is the Federal Minimum Wage Law Outdated?
The Numbers:
- Just .28% of civilian workers make only the U.S. minimum wage of $7.25 an hour, with most of those being younger than 25
- The federal minimum wage law hasn’t changed in a decade
- 29 states have set their own minimum wages
- Source: Labor Department
