Job Cuts Increased by a Third Year over Year
The Numbers: Between 2017 and 2018 job cuts within the U.S. labor force increased by 29% per a report from Challenger, Gray and Christmas, Inc. This was the highest increase since 2015. Retail was the industry with the largest amount of cuts at 98,563 jobs in 2018 – which marked a 29.15% increase over the 76,084 jobs that were eliminated in 2017. Technology followed retail in the highest amount of cuts at 86,341 positions in 2018 (a 124% increase over the same period in 2017).
British Army Focuses on Recruiting Gen Z and Millennials
The Numbers: The British Army reportedly understaffed and has launched a new multiyear, $600 million advertising campaign. Young people between the ages of 16 and 25 have become the focus as Major General Paul Nanson stated that the British Army would like to dismiss negative stereotypes surrounding Gen Z and millennials with the use of posters, video, and radio ads.
Healthcare Workforce Shortage Due to Aging U.S. Population
The Numbers: “The aging US population is creating major workforce shortages in healthcare, AMN Healthcare Services Inc. President and CEO Susan Salka said in an interview with CNBC “Mad Money” host Jim Cramer. “We have a lot of things driving our industry, certainly starting with an aging population, which drives utilization of healthcare,” Salka said. “But it also creates shortages within the healthcare workforce.” She noted “really severe” shortages within nursing, physician, allied, and even leadership.”
The Numbers: The top 4 challenges facing talent acquisition today and how to tackle them for a strong 2019! Check out this free report full of data from your colleagues…and competitors.
Skills Gap a Lie?
The Numbers: Research points to the alleged ‘skills gap’ as a simple by-product of the unemployment rate. The higher the unemployment rate, the more stringent the job requirements…the less qualified pool of people.
Job Openings Decline In November
The Numbers: “The number of US job openings fell in November from October, according to data released today by the US Bureau of Labor Statistics. The number of hires and separations also declined.
There were 6.9 million job openings in November, down 3.4% from October; however, openings increased 16.1% on a year-over-year basis.”
Restaurants Facing Labor Shortage
The Numbers: Due to increased wages in other industries as well as a lower rate of younger people in the workforce, restaurants are facing a labor shortage. In order to combat this challenge, they are leveraging out of the box ideas to snag workers.
HR and C-Suite Leaders Optimistic Heading into 2019
The Numbers: Respondents to Randstad’s 2019 Business Health Index feel optimistic about 2019 due to improved conditions for companies and a pro-business atmosphere.
AI Expanding into Recruiting Tech
The Numbers: In addition to chatbots and other AI tools used for recruiting, more applications within talent acquisition are adopting the technology, per a report from KPMG. ‘Conversational agents’ are starting to help businesses with employee productivity and engagement.
U.S. Job Openings Fell Before the Holidays
The Numbers: U.S. job openings decreased to 6.9 million in November 2018, before the height of the holiday season, per the U.S. Bureau of Labor Statistics. This marks an increase from last year’s 5.9 million mark recorded in November 2017.
Job Seekers Increase Searches in 2019
The Numbers: 51% of survey respondents stated that holiday expenses inspired them to seek out jobs with higher pay rates, per a survey from Allegis Group. 62% said they ‘planned to increase their job search efforts in 2019’.
Large Increase in AI Specialists Roles
The Numbers: Between January and September 2018, job openings for artificial intelligence increased by 63%, per CompTIA, making AI expertise one of the most in-demand skills.
U.S. Wage Growth Continues to Slow
The Numbers: Nominal wages increased 1.1% in Q4 and rose 1% year over year. Real wages decreased by 1.3% since the end of 2017.