BountyJobs Bites
Upskilling Critical to Manage Digital Evolution
The Numbers:
- Talent should be prepared for the digital disruption via reskilling and upskilling to ‘complement technological innovation’
- 45% of employers felt ‘the digital transformation was advancing too quickly’ compared to 60% in 2019
- This change signifies that employers may be more ready to address the change
- 91% of those in HR believe ‘it’s their organization’s responsibility to reskill workers to overcome the talent shortage’
- 22% are training or reskilling their current workforce to address the problem
- Source: Randstad
Global Talent Shortage Almost Doubled
The Numbers:
- The past decade saw the global talent shortage nearly double
- 54% of international businesses reported skill shortages
- Companies in 36 of 44 countries reported more difficulty attracting talent now than in 2018
- Source: ManPower Group
BountyJobs Reports – Year in Review: Talent Acquisition in 2019 and the 2020 Impact
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.
U.S. Workers’ Wages Increase 3.2% in Q4
The Numbers:
- Wages for U.S. workers rose 3.2% reaching $28.93 hourly in Q4
- As wages rose, jobs growth decelerated
- Leisure and hospitality saw the highest wage growth at a 5.5% increase year over year in Q4 to $18.11 per hour
- Source: ADP Research Institute
Jobs of Tomorrow Revealed
The Numbers:
- Emerging jobs that are in critical demand globally were highlighted via a recent study
- 37% of projected opportunities will be in the care economy
- 17% will be in sales, marketing and content
- 16% in data and AI
- Source: World Economic Forum