Ear to the Ground: Recruiting Pros Reveal Top Data Points and Challenges for 2018
We’ve been fortunate enough to attend multiple talent acquisition events as sponsors, presenters, and attendees, all the while meeting some of the best folks in recruiting. These discussions, whether from casual meetups or formal roundtables, have been filled with such valuable insights that we decided to organize and share these golden nuggets. In our report, Ear to the Ground: Recruiting Pros Reveal Top Data Points and Challenges for 2018, we dive into:
- Top 5 Recruiting Data Points to Track
- Top 3 Key Themes in Analytics
- Top 5 Metric Tracking Challenges
As these conversations stemmed from attending industry-related events, we’ve even included a handy ‘Key HR & Recruiting Conferences’ schedule that you can use as your go-to as you continue to plan your year. Let’s keep these discussions going!
Employee Productivity to Wane During the Winter Olympics, Costing Employers a Pretty Penny
Captivate’s Office Pulse reports that employers will lose about $1.7 billion in lost productivity, due to employees watching the 2018 Winter Olympics. A big draw is the tensions between South Korea (and much of the world) with North Korea. Per Office Pulse, 56% of white-collar workers will watch the Olympic games – that’s not counting the large percentage that will be chatting about the games (and potentially secretly watching the games) at work.
Salary Negotiations No Longer Saved for Last
Per Robert Half, the compensation history inquiry bans that are being adopted across the country are part of the reason that employers are bringing up salary expectations earlier on in hiring conversations. (for more on this legislation, see our report – Ban on Compensation History Inquiries) The survey also finds that 39% of candidates attempted to negotiate a salary higher than the original offer.
Baby-Boomer Nurses Retiring, Hitting Nursing Shortage Hard
Per the AMN Healthcare 2017 Survey of Registered Nurses, 27% of nurses will retire in less than a year – up from 15% in 2015. The U.S. Bureau of Labor Statistics estimates that there will be more than 600K job openings per year for the next 10 years for healthcare practitioners and tech roles.
Deskless Workers Lacking Learning & Development Resources
CGS released their 2018 Learning and Development Survey recently which found that more than 25% of deskless workers don’t receive any performance feedback from employers. 55% stated they get feedback four times or less per year. In addition, only 25% of these employees work for companies that offer learning and development programs.
Improving Employee Experience is Latest Attempt to Close Skills Gap
Per a report by Randstandt Sourceright, 51% of employers ‘plan to increase their investments in on-site benefits and innovative technologies this year to improve productivity and retain top talent’.
Small Business Chief Concern is Labor Shortage
Per a recent report from the National Federation of Independent Business, 22% of small business owners state that labor shortage is the top concern. “Small business owners are very optimistic and ready to hire new employees and raise wages, but finding qualified workers is an increasing challenge, rising to the top of their concerns,” said NFIB President and CEO Juanita Duggan.
Employers Face Task of Hiring Among 5 Generations
The Society for Human Resource Management breaks down the five generations (and challenges in recruiting each) represented in today’s workforce – the most represented ever:
- Pre-Boomers (those born through 1945) make up less than 1% of the workforce;
- Baby Boomers (born between 1946 to 1964) account for 27%;
- Gen X-ers (1965 to 1980) represent 35%;
- Millennials (1981 to 1998) are 37%; and
- Gen Z-ers (born after 1999) make up between 1% to 2% of the workforce.
U.S. Unemployment Rate On Path to Drop to 3.5%
Mark Zandi, Chief Economist at Moody’s Analytics, states that the U.S. unemployment rate could hit a historic low that has only happened twice since 1948 – a 3.5% rate, as predicted by a report by Axios.
Median Base Pay for Recruiters Released
“The median base salary for a recruiter in the staffing industry with three to five years of experience is $45,000, according to the new US Internal Employee Compensation Estimator 2018 Edition, released last month by Staffing Industry Analysts. However, median total compensation including commissions and incentive pay is $67,000.”
Nashville Reports Lowest Unemployment Rate in December
“The Nashville-Davidson-Murfreesboro-Franklin metropolitan area in Tennessee posted the lowest unemployment rate among all large, US metropolitan areas at 2.4% in December, the US Bureau of Labor Statistics announced today.
The highest jobless rate among large metropolitan areas in December was posted by the Buffalo-Cheektowaga-Niagara Falls area in New York, at 5.5%.”
Jobs Growth Index Continues to Climb in the U.S.
The Conference Board’s Employment Trends Index reports a rise in jobs growth in the U.S. to 106.93 in January. “The Employment Trends Index continues its solid path upwards and shows no sign of slowing down,” said Gad Levanon, chief economist, North America, at The Conference Board. “A strong US economy provides additional tailwinds to employment growth, bringing down the unemployment rate even further and encouraging more men and women to join the labor force.”