BountyJobs Bites
U.S. Gains 130K Jobs in August
The Numbers:
- The U.S. gained 130K nonfarm jobs in August
- The job growth in August was the lowest since May
- Unemployment held steady at 3.7%
- Source: U.S. Department of Labor’s Bureau of Labor Statistics
Employers Seeking Third-Party Help in Tight Labor Market
The Numbers:
- Due to the ever-widening talent supply-and-demand gap, many organizations are outsourcing the recruitment process to increase hiring
- The recruitment process outsourcing (RPO) market grew 20% in 2018, continuing the growth trend over the past four years
- Source: Everest Group
Most Gen Zers Plan to Stay Put Over 1 Year at First Job
The Numbers:
- The majority of Generation Z respondents to a recent survey stated they planned to stay at their first job for more than one year
- Source: Nintex
BountyJobs Reports: The New Dynamics of Recruiting 2019 Survey – CLOSING SOON!
- Each year we carefully craft a survey for professionals in talent acquisition to express what they’re experiencing in the current talent market – challenges, solutions, forecasts. We take these valuable responses and publish a report later in the year with the results – actionable insights that help all in talent acquisition.
Remote Workers Leaving the Big Cities
The Numbers:
- An increasing number of workers are starting to leave the high costs of living in major cities
- Cities such as Boise, Denver, Austin, and Portland are seeing in influx in migration
- Source: The Wall Street Journal
Walmart Increases Efforts to Attract Teen Workers
The Numbers:
- Walmart is offering free ACT and SAT prep courses
- Starbucks has started to offer tuition assistance to part-time employees
- Between 2000 and 2018 non-summer employment for teens in the U.S. decreased from 43% to 29.2%
- Source: CNBC
Most Workers in U.S. Doubt Their Skills for Next Decade
The Numbers:
- More than half of U.S. workers feel they are lacking the skills needed to compete for jobs ten years from now
- Despite a lot of talk around tech skills, soft skills such as adaptability, as well as people management and time management will be the most useful
- Source: Prudential
Amazon Has 30,000 Job Openings
The Numbers:
- The company has 30,000 open roles for permanent employees
- Many of the roles are warehousing and tech
- Job fairs will be held on September 17th in Arlington, Boston, Chicago, Dallas, Nashville, and Seattle
- Source: Amazon
Millions of Workers Not Getting Training Needed
The Numbers:
- 120 million workers globally may need retraining or reskilling within the next few years
- Only 41% of executives have the resources needed to carry out such developmental strategies and other business initiatives
- Automation and artificial intelligence are driving the skills development need
- Source: IBM Institute for Business Value
UPS to Hire 100K Temp Workers
The Numbers:
- To cover the peak season, UPS plans to hire 100K temporary employees
- The pay range will be between $14 and $30 an hour depending upon the position, up from $10.10 per hour minimum for similar jobs last year
- Added incentives are the company’s college tuition reimbursement program and the chance of getting hired on as a permanent employee
- Source: UPS
Job Growth To Slow Between 2018-2028
The Numbers:
- Between 2018 and 2028 employment is projected to grow by 8.4 million to 169.4 million jobs, for an annual growth rate of .5%
- This lags slightly behind the rate of 2008-2018 at .8%
- Source: U.S. Bureau of Labor Statistics
U.S. Job Openings Decreased in July, Marking a Second Consecutive Month
The Numbers:
- Between June and July job openings were relatively flat, edging down by 31,000 in July to about 7.2 million – down .4% from June and a decrease of 3% year-over-year
- Job openings decreased by 55k in wholesale trade and 11k in federal government in July.
- Information saw an increase in job openings by 42,000 and mining and logging saw an increase of 11,000
- Source: U.S. Bureau of Labor Statistics
Hiring Outlook Strong for Q4
The Numbers:
- The U.S. hiring outlook remains strong regarding hiring in Q4
- 22% of employers plan an increase in hiring in Q4 while 5% plan for a decrease for a net employment outlook of 17%
- Source: ManpowerGroup
Most Small Businesses Hiring Conservatively
The Numbers:
- 41% of small businesses plan to increase hiring in the next 12 months
- 16% stated they are hiring in order to drive business growth
- 25% plan to fill staffing gaps
- Source: Oasis
