BountyJobs Bites
Millennials Dependent on Employers for Needed Skills
The Numbers:
- 70% of millennials believe they are lacking in skills required for jobs, especially those for future roles
- Most millennials stated that employers are primarily responsible for training workers to meet these needs, however, Gen Zers thought that educators hold that responsibility.
- Source: Deloitte
Almost Half of Gen Z Regret Accepting a Job Offer
The Numbers:
- 40% of Gen Z workers said they regretted accepting a job offer
- More than half see themselves staying in their career at an organization long term
- More than a third who regretted accepting a job offer planned to quit within a year
- Source: Gartner
One-Third of Candidates Back Out of Offers
The Numbers:
- 28% of candidates say they have accepted a job offer but then changed their minds
- 44% stated they reneged due to getting a better job offer while 27% received an acceptable counteroffer from their current employer
- Source: Robert Half
BountyJobs Reports: Cognitive Dissonance Series, Wage Growth: The Last Employer Holdout to Attract Candidates
The Numbers:
- In 2019, as employment grew in March and April in high-skilled jobs, labor markets continued to tighten
- Although salaries in the U.S. are forecasted to rise by 3.1%, workers will most likely not bring more total cash compensation home
- Source: BountyJobs
Workplace Flexibility Seen as Permanent Fixture in Workforce
The Numbers:
- Flexibility has defined how work gets done today and in the future
- The demand for choices in how and where employees work isn’t subsiding
- Millennials and Gen Z continue to drive changes to dress codes, scheduling etc, as they make up the majority of the workforce
- Source: Paychex
Most Workers Don’t Want AI Involved in Hiring
The Numbers:
- 69% of workers think AI should not be involved in hiring tasks
- 40% see AI as unacceptable in selecting new hires
- One-third feel that AI should not be used to conduct virtual job interviews
- Source: Yoh
Women Entering Workforce Double The Rate of Men
The Numbers:
- Over the past three years, women have been entering the workforce more than double the rate of men
- Previously, women were leaving the workforce at twice the rate of men
- Source: NPR
Most Firms Prioritize AI, But Half Don’t Have the Right Staff
The Numbers:
- 93% of U.S. and U.K. organizations see AI as a. business priority and have projects planned around it
- 51% stated that they don’t have the right mix of skilled AI talent
- 41% of U.S. firms are lacking the right talent, while 73% of U.K. firms are facing the same issue
- Source: SnapLogic
Employers Paying College Grads More Than Expected
The Numbers:
- Entry-level college graduates will be paid about $8,500 more on average than expected
- Recruiters are prepared to pay entry-level employees an average of $56,155 this year – above the expected $47,562 average annual salary
- Source: iCIMS
U.S. Businesses Expanding Remote Work Options
The Numbers:
- 43% of U.S. employers are currently offering remote work arrangements
- 49% are allowing workers to set their own hours
- Source: Condeco
Almost Half of Millennials Would Quit in Two Years
The Numbers:
- 49% of millennials would quit their job if given the choice in the next two years, up from 38% last year
- 43% cited dissatisfaction with pay as the reason to leave
- 35% stated that a lack of opportunities to advance was pushing them out the door
- Source: Deloitte
Average Weekly U.S. Wages Increase in Q4 2018
The Numbers:
- The average weekly wage for the U.S. increased 3.2% year over year in Q4 2018
- Tippecanoe County in Indiana saw the largest year-over-year increase with 15.1%
- Source: U.S. Bureau of Labor Statistics
