Top 10 Trends that will Affect 2018 Talent Acquisition
Within our Talent Acquisition Year in Review 2017 report, we outline the top trends, challenges, and key learnings from this past year that will also have an impact as we head into 2018.
Here’s a handy infographic highlighting the top 10 trends that will affect the year 2018 in Talent Acquisition:
Download the entire report here.
Put Your Phone Down!
A new Baylor University study finds that employees have less trust and engagement with managers who make calls or answer their phones during conversations with their direct reports. The practice is called ‘boss phubbing’ or boss phone snubbing, and has been shown to have an adverse effect on relationships between managers and their teams. 76% of respondents said they lacked trust in a manager who ‘phubbed’ them.
Cash In Before Payday
Walmart is allowing employees to access a percentage of their pay before payday, as long as they have already worked those hours.
Workers who are less worried about cash issues “feel more confident and more settled at work,” Judith McKenna, Walmart’s chief operating officer, said in an interview. “We believe this is the right thing to do, and we are happy to champion it,” Ms. McKenna said.
However, labor groups disagree – suggesting that Walmart could help their workforce more by giving them pay raises. “It sounds like this may be a useful service but it doesn’t tackle the fundamental problem Walmart workers suffer,” said Paul Sonn, general counsel of the National Employment Law Project, a labor advocacy group. “Their paychecks are too small.”
The minimum starting wage at Walmart is $9 an hour – both Costco and Target pay more at $13 and $11 an hour respectively. The average full-time hourly wage at Walmart is $13.85…Costco workers bring in $24.50 on average.
Inequality Still Strong in the Workplace
Research from the University of Delaware finds that women still get less credit when speaking up in the workplace than men.
Kyle Emich, an assistant professor of management in UD’s Alfred Lerner College of Business and Economics, explored this topic with the University of Arizona’s Elizabeth McClean, Boston College’s Sean R. Martin and the United States Military Academy’s Todd Woodruff for a forthcoming article in Academy of Management Journal.
“In sum, we find that when men speak up with ideas on how to change their team for the better they gain the respect of their teammates — since speaking up indicates knowledge of the task at hand and concern for the wellbeing of the team,” Kyle Emich, an assistant professor of management in UD’s Alfred Lerner College of Business and Economics, said. “Then, when it comes time to replace the team’s leader, those men are more likely to be nominated to do so. Alternatively, when women speak up with ideas on how to change the team for the better, they are not given any more respect than women who do not speak up at all, and thus are not seen as viable leadership options.”
LinkedIn Workforce Report Highlights
A few insights from the annual report edition:
10.4% – percentage increase from 2016 to 2017 of hiring in the U.S.
The skills gap is a thing. This widened in Salt Lake City, Raleigh-Durham, and Philadelphia.
Top cities Americans moved to in 2017: Seattle, Denver, and Austin.
U.S. Employers Most Optimistic in 10 Years
The latest ManpowerGroup Employment Outlook Survey states that U.S. employers have the most optimistic outlook on hiring in the first quarter of 2018 than they have had in a decade.
More than 11,500 U.S. employers were surveyed. The report states:
The seasonally adjusted Net Employment Outlook* for Q1 2018 is +19%. Job prospects in the Transportation & Utilities sector nationwide are the strongest reported since the survey started in the first quarter of 1982, while employers in Construction and the Durable Goods Manufacturing sectors forecast the strongest Outlooks in more than a decade.
Nationwide, employers in all 13 industry sectors expect to add staff in Q1 2018. The top Outlooks by industry are: Leisure & Hospitality (+28%), Transportation & Utilities (+26%), Professional & Business Services (+23%), Wholesale & Retail Trade (+23%), Durable Goods Manufacturing (+19%) and Construction (+18%).
State Minimum Wage Rates on the Rise for 2018
Littler Medelson reports that overtime salary and minimum wage rates will climb in some states for 2018.
States believed to be affected: Alaska, Arizona, California, Colorado, Connecticut, District of Columbia, Maine, Minnesota, Nevada, New Jersey, New York, Oregon, Rhode Island, South Dakota and Washington.
IT Job Growth Rate Lowest in Years
“As 2017 draws to a close, the rate of IT job growth remains at its lowest level in years,” said Mark Roberts, CEO of TechServe Alliance. “While I remain very bullish about demand for highly skilled IT professionals, the restrictive immigration policies being pursued by the administration is cause for great concern,” Roberts said. “Without access to an adequate domestic supply of talent, the ability to grow the U.S. IT workforce is significantly diminished, causing more work to be pushed offshore — an unfortunate outcome for U.S.-based businesses as well as IT professionals that would otherwise make up part of the U.S.-based team.”
Santa Claus makes WHAT an Hour?!
CNBC, citing data from PayScale, reports that freelance Santas can make from $150 to $500 an hour. In comparison, mall Santas make about $30 an hour.
Flexible Roles a Perk for Contractors
The report ‘Flexible Working: A Career and Lifestyle Pathway’ from Adecco Group and LinkedIn states that many who take on flexible work are using it as a stepping stone to other career goals. The report finds: Independent professionals are choosing flexible work as a lifestyle – the majority of those involved in flexible work, 54%, say that they are doing so in order to pursue their own particular interests. The top motivation among this group was that it is a stepping stone to a full-time position in their chosen field, which also skewed highest among millennials.
Hiring Challenges to Tighten Even Further in 2018
Creative talent is in high demand and that demand will continue into 2018 per survey results from The Creative Group. The survey finds: only 5% of advertising and marketing executives surveyed plan to expand their teams and add new positions from January through June 2018, down from 9% in a similar survey six months ago and 12% in a year-ago survey.
Additionally, 20% project hiring freezes, down slightly from 21% in the same survey six months ago; 67% anticipate maintaining current staff levels and none expect to reduce the size of their staff.