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 (down from 365,000) the week prior.
Part-Time Job = Full-Time Flexibility
Jobs with part-time and flexible hours are up 60% year over year with almost 2 million jobs available. The analysis by PeopleReady found that parents benefit from this increase.
Some of the most in-demand part-time jobs with flexible hours include:
- Retail associates
- Warehouse team members
- Personal shoppers
- Inventory associates
It’s All About Balance
Creative professionals value work-life balance over most other aspect of a job, with 75% listing it at the top of their list when looking for a new job (data from Cella). A whopping 90% are wanting to work remotely at least part of the time and listed remote work as the most-desired perk. Almost half (40%) are thinking of leaving their current company and 51% stated they would snap up the first opportunity they had to make a lateral move. Poor leadership and management and toxic environments topped the list of concerns surrounding their current roles.
Per a report by FlexJobs, about 70% of workers would think about switching career tracks with another 19% willing to change careers for an “amazing opportunity” with better work-life balance and increased pay. A paltry 5% stated they are currently happy in their profession.
Nurses Fielding 5-Digit Hiring Bonuses
In some areas, nurses are being offered hiring bonuses up to $20,000. The hope is that increasing the pay will increase retention in this tight labor market. Over the last 18 months, one hospital has spent $8.5 million on pay raises to keep nurses on staff.