>Talent Acquisition Trends

72% of Technology Workers Are Eyeing the Exit Doors

Pretty soon we’re going to start seeing people donning sandwich boards at every corner advertising their open roles – from entry level to senior executives. Just picture it – “will pay to train…any (breathing) human…”.  Employment only inched up a bit in September and early October as high demand continued for workers but the actual supply of labor was low.   Hours have been slashed for jobs in retail, hospitality, and manufacturing as there aren’t enough workers to cover the shifts. Low labor supply has been seen in transportation and technology as well. There’s been an increase in turnover as workers jump ship for other jobs…or retirement. #byefelicia   Might want to sweeten the pot for your tech employees – a recent survey found that 72% (😲) of technology workers are considering leap-frogging over to their next gig in the next year. The reasons are probably obvious to most, but here are the top ones, [...]

By |2021-10-22T18:49:27+00:00October 22nd, 2021|Categories: Talent Acquisition Trends|Comments Off on 72% of Technology Workers Are Eyeing the Exit Doors

The Great Resignation or The Big Burnout?

The Great Resignation might as well be called The Big Burnout – most workers that left their jobs during this time did so due to burnout. A recent report found that more than 1 in 4 workers left their job without having another job lined up. In fact, in August not only did job openings decrease 5.9% when compared to July, but wokrers were quitting their jobs at a record rate. The ‘quits rate’, measurement of workers who leave jobs voluntarily, reached a record high of 2.9% in August, with 4.3 million people quitting their jobs. Wondering if the skills and technologies wanted most have changed throughout the pandemic? Fiverr International listed the 10 fastest-growing skills and technologies on the platform, and a few may surprise you. These were included in their ‘Small Business Needs Index’ report: Shopify Sales Funnel; 235% increase in searches; earnings per project up to $2,195 Amazon PPC Campaign; 171% increase [...]

By |2021-10-14T22:15:24+00:00October 14th, 2021|Categories: Talent Acquisition Trends|Comments Off on The Great Resignation or The Big Burnout?

A Recovering Labor Market Faces Challenges of Burnout, Salary Woes, and Increased Turnover

We made it to Friday everyone! Before we jump in with this week's news, I'm hoping you had this moment this week:   No? Well that's my homework for you - do something this next week to elevate your meetings! Life is short, meetings can be too. :) Onward... Almost half of U.S. workers feel underpaid. A recent survey shows that 49% of workers in the U.S. feel shortchanged with their pay rate. While the pandemic may have stalled increases, workers (31%) are now saying they may find another job if their financial situation doesn’t change by the end of the year. To attract and retain new hires, 48% of employers are offering signing bonuses. Even though progress has slowed, the U.S. labor market continues to recover with 568,000 nonfarm, private-sector jobs added in September.  Strong job gains and a decrease in hiring bottlenecks are expected as health conditions due to the COVID-19 variant improve. [...]

By |2021-10-07T21:45:17+00:00October 7th, 2021|Categories: Talent Acquisition Trends|Comments Off on A Recovering Labor Market Faces Challenges of Burnout, Salary Woes, and Increased Turnover

Employee Turnover Expected to Increase & Other Recruiting News

Target to Hire 100K Seasonal Workers Down a bit from the hiring goal of 130K for the 2020 and 2019 holiday season, Target expects to hire 100K for 2021. Flexibility will be a big lure here, as the retail giant is not only offering more hours to team members, but also the option to take shifts that best fit their schedules. Target’s minimum wage is currently $15. Not to Be Outdone…Walmart to Hire 150K Seasonal Workers Many of these roles will be permanent and full-time. Walmart’s average hourly wage in the U.S. is $16.40, but some in-store roles can pay up to $34 an hour. Those in entry-level roles have the potential of promotions within seven months. Double Digit Tech Jobs Growth In the six months ending September 6, the number of unique, active job postings for computer occupations in the U.S. increased 15%. As of September 6th, there were more than 1.2 million unique, [...]

By |2021-09-30T22:29:38+00:00September 30th, 2021|Categories: Talent Acquisition Trends|Comments Off on Employee Turnover Expected to Increase & Other Recruiting News

15% of Workers Looking to Quit by End of 2021

FedEx Planning Hiring Swell for Holidays FedEx Corp. is looking to hire 90,000 roles for the holiday season in addition to 500 professionals for STEM roles. They join UPS (hiring 100,000 roles) in the staffing ramp-up. Amazon has reported that they have had 1 million people applying for their jobs during its career day – they are hiring for 125,000 roles. U.S. to Add Close to 12 Million Jobs by 2030 Total U.S. employment is forecasted to increase to 165.4 million jobs within the timeframe between 2020-2030, an increase of 11.9 jobs.  The growth rate correlates to a lift of .7%, higher than recent projections. 15% of Workers Looking to Quit by End of 2021 50% of those planning to quit are looking for a higher-paying job and 43% want to get into entrepreneurship.  While 15% are planning to quite by the end of the year, another 22% aren’t sure. IT, Business, and Finance were [...]

By |2021-09-23T19:25:07+00:00September 23rd, 2021|Categories: Talent Acquisition Trends|Comments Off on 15% of Workers Looking to Quit by End of 2021

Wages in the U.S. Have Increased the Fastest in 20 Years

This Year Wages in the U.S. Have Increased the Fastest in 20 Years As many Americans clamored to get their COVID-19 vaccination so too did employers race to increase their leverage in attracting ideal candidates. As more people began to have increased confidence in making career moves, employers raised wages – wages and salaries for private industry workers increased at an annualized rate of 4.3% over the six-month period ended June 2021 – a lot higher than the average rate of 2%-3% over the past 20 years. However, wage growth is expected to slow down in late 2021 through 2022…only to pick up again in 2023, especially in blue-collar and manual services industries. Amazon Increases Hourly Wage to Entice 125K New Hires Amazon plans to hire 125,000 fulfillment and transportation employees, and is looking at a bump in wages to lure them in.  The average starting hourly wage will be $18, climbing to $22.50 in [...]

By |2021-09-16T19:31:11+00:00September 16th, 2021|Categories: Talent Acquisition Trends|Comments Off on Wages in the U.S. Have Increased the Fastest in 20 Years

Contingent Hiring Surpasses Pre-Pandemic Levels

Walmart Increases Hourly Pay for Half a Million Workers The holiday season is almost upon us, and with it comes the annual ‘battle for holiday labor’ for the usual retail big guns. Walmart announced the organization is increasing hourly wages by at least $1 for 565,000 associates. The increase will be effective September 25 and will raise the hourly rate to $16.40. Front-end, food and consumable, and general merchandise will all get the new bump. And…they’re also forecasting a hiring boom of 20,000 additional part and full-time supply chain workers to support the upcoming holiday season. Hiring events start this month and open roles include freight handlers, lift drivers, order fillers, technicians, and managers. The average pay for a supply chain associate is $20.37 per hour. Dollar General Reaches Goal of 50K Hires More than 50,000 employees have been hired since mid-July, but the company isn’t stopping there.  Job opportunities in distribution centers, stores, and [...]

By |2021-09-10T02:17:07+00:00September 10th, 2021|Categories: Talent Acquisition Trends|Comments Off on Contingent Hiring Surpasses Pre-Pandemic Levels

Large Companies Making Big Hiring Moves

A Widening Skills Gap Looms for Workers More than half of respondents to a recent poll stated they’re concerned about their future status as an employee due to a skills gap. If their current employer offered skills training, 45% of workers would stick around longer. When asked which soft and hard skills were most needed, workers listed technology, computer and occupation-specific training (credentials and licenses) for hard skills and managerial leadership, communication, problem-solving and critical thinking were tops for soft skills. Higher Base Salaries Over Signing Bonuses In 2021, 50% of employers are offering signing bonuses, but only 20% plan to continue to do so by the end of the year. Instead, 62% of organizations responding stated that an increase in base salaries will be the focus over the next six months to attract both salaried and hourly employees. Clarity and Growth Opportunities for the Win Almost half (47%) of survey respondents stated that roles [...]

By |2021-09-02T19:13:57+00:00September 3rd, 2021|Categories: Talent Acquisition Trends|Comments Off on Large Companies Making Big Hiring Moves

92% of Employers Across the Globe Plan to Hire in the Next Three Months

Have Bonus, Will Travel This trucking company is guaranteeing every newly hired driver a $15,000 sign-on bonus that will be paid out within 18 months (with over half in the first 6 months) In addition, drivers who sign on by October 1 can earn up to $20,000 in incentives This Degree Was Made for Earning… New college graduates (class of 2020) had an average starting salary of $55,260 This was an increase of 2.5% from 2019 ($53,889) and up 8.5% from 2018 ($50,944). Open to New Opportunities More than half (55%) of those in the U.S. are leaning toward considering a new job in the next year That increases as the age decreases – 63% of millennials and 77% of Gen Zers plan to take a look around for new opps Many with salaries less than $40k expect to be on the hunt Can’t Hold Me Down Over 51 million workers were contingent in the [...]

By |2021-08-26T22:11:14+00:00August 27th, 2021|Categories: Talent Acquisition Trends|Comments Off on 92% of Employers Across the Globe Plan to Hire in the Next Three Months

Roles in Engineering Top the List for Slowest-to-Hire

The Waiting Game Roles in the Project Management, Research, and Engineering fields are top of the list for slowest-to-hire, with a median time to hire of 47-49 days. The quickest to fill? Roles in customer service, accounting, auditing, and administration with a median time to hire of 33-37 days. Staffing Firms Forecast Double Digit Annual Revenue Growth Per the “State of the Staffing Nation” report from Sense, over 50% of staffing firms expect between 10% and 30% annual revenue growth in 2021 over 2020. A tiny 2.3% of firms expect no growth at all. Almost 20% (18.6%) expect revenue growth of over 40%. The report also found that 66% of firms named “time-to-fill” as the most important performance metric to watch over the next year. U.S. Jobless Claims Reach a New Low When looking at the week ended August 14, U.S. jobless claims hit a new pandemic low. Claims were down 29,000 to reach 348,000 [...]

By |2021-08-19T22:23:55+00:00August 20th, 2021|Categories: Talent Acquisition Trends|Comments Off on Roles in Engineering Top the List for Slowest-to-Hire