By the Numbers: December 13, 2019

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The Numbers:

About 50% of workers 54 and under expect a raise or a promotion each year
Only 12% of baby boomers have these expectations
17% of workers under 34 years old stated they think their company’s employees have a fair shot at advancement
Source: Clutch

The Numbers:

The Numbers:

More companies are adopting tech solutions but 50% of those are struggling with ‘rapid tech development’
46% of employers say their workforce will increase in size
59% stated they expect to face a labor shortage within the next two years
Source: Ceridian

The Numbers:

A whopping 43% of professionals plan to look for a new job over the next 12 months
The majority of employers, 61%, planned to raise wages in 2019, which was up from 48% in 2018. What’s in store for 2020?
Manufacturing saw consecutive increases in employment for over 18 straight months, the longest stretch since the mid-1990s. However, around 90% of manufacturing
companies couldn’t fill all of their open roles.

The Numbers:

“The Employment Trends Index increased in November, suggesting solid job growth will continue in the coming months,” said Gad Levanon, head of The Conference Board Labor Market Institute. “Recently published indicators held on better than expected, suggesting that businesses are less cautious than expected and that economic growth will remain solid, despite a very tight labor market and declining corporate profits.”
November’s index level rose to 110.18, up from October’s index level of 109.96
Source: The Conference Board Labor Market Institute

The Numbers:

Temp workers within the Millennial and Gen X groups value ‘their employers’ investments in them more than baby boomer workers’
The investment-performance relationship is between the worker and the client company rather than the staffing firm
Source: Professor of Management at Bucknell University

The Numbers:

The Numbers:

The U.S. Census Bureau will be looking for 500,000 part-time and temp workers for the 2020 decennial Census
The jobs will range between $13 and $30 per hour
Source: Quartz

The Numbers:

While salary is the most influential factor, the quality of the application and recruitment process is a big consideration for candidates when reviewing offers
More than 50% of job seekers stated ‘it should take between one to two weeks following a first interview to receive a job offer from an employer.’
Conversely, the average time-to-hire was 38 days in 2017 – about 5.5 weeks on average
Source: Zety

The Numbers:

88% of workers would not be comfortable with using an interview app that leverages AI for candidate screening
55% would prefer an in-person interview
48% don’t trust AI to be accurate with the human side such as emotions and cues with accuracy
Source: The Harris Poll for Yoh

The Numbers:

The Numbers:

U.S. manufacturers are requiring that workers have college degrees more now than previously
New roles that employ advanced skills are part of the reason for the push on higher education levels
The number of manufacturing employees with degrees will outnumber those without degrees within the next three years
Source: Wall Street Journal

The Numbers:

The Numbers:

The Numbers:

Some of the most difficult challenges facing employers in 2020 are finding high-quality applicants, preparing for the future of healthcare (Affordable Care Act), and managing diversity
30% of HR professionals saw recruiting and hiring as the top challenge
9% are extremely challenged when trying to find high-quality candidates
Source: XpertHR