BountyJobs Bites
March Jobs Report: Rebounds from February
The Numbers:
- 196,000 jobs added in March (up from the estimated forecast of 170,000)
- February jobs number was adjusted from 20,000 to 33,000
- U.S. unemployment remained the same as February at 3.8%
- Source: U.S. Department of Labor
Hiring Slows for U.S. Businesses
The Numbers:
- Uncertain economic prospects caused U.S. businesses to slow down hiring in March
- As well, private payrolls have increased the least in over a year
- 129,000 jobs were added in the U.S. in March
- This slowdown could cause unemployment to rise again
- Source: ADP/Moody’s Analytics
Women Less Likely to Pursue High-Paying Jobs
The Numbers:
- Salary confidence points to men being more self-confident in the workplace than women
- Men applied for jobs $13,635 higher than ones applied to by women, causing an 18.3% pay gap
- Source: Glassdoor
Female Gen Z Programmers Value Professional Growth and Flexibility
The Numbers:
- Career development and work-life balance are two of the top aspects weighed when considering new job offers for female Gen Z programmers
- 73% of those under 21 years old wanted professional growth
- 62% valued work-life balance
- Source: HackerRank
‘Opportunity Gap’ Responsible for Wage Disparity
The Numbers:
- The gender pay gap continues to widen due to a lack of access to jobs at the top of the organization
- The barriers faced by women in the work place keep them in lower paid, non-managerial roles
- Women earn 79 cents for every dollar earned by men
- Source: PayScale
The Most Desired Employee Benefit is Time
The Numbers:
- Time is the most wanted employee benefit – moreso than perks such as on-site hair salons and yoga classes that have been offered to attract workers in this tight labor market
- Unlimited paid vacation is the top benefit wanted by employees
- 72% of workers would want unlimited paid vacation over paid sabbaticals and on-site services such as laundry or childcare
Higher Wage Demands Could Equal Lower Profits
The Numbers:
- Due to increasing labor costs and slow revenue growth, U.S. employers may have lower profits in 2019
- Blue-collar workers, in particular, have negotiated higher pay due to talent scarcity, hitting those companies the most
- Source: The Conference Board
Maryland to Override Governor’s Minimum Wage Veto
The Numbers:
- Maryland’s general assembly will move forward to gradually increase the minimum wage for the state to $15 per hour
- Companies with 15+ employees will be required to implement a $15 minimum wage by 2025
- Source: Baltimore Sun
Flexible Work Seen as the New Norm
The Numbers:
- 74% of workers see flexible working as the new norm
- 80% state they would ‘choose a job with a flexible work option over one without’
- 83% of employers have ‘adopted a flexible workspace policy in the past decade’
- Source: IWG
Most U.S. Workers Happy with Jobs but Not Picture Perfect
The Numbers:
- 85% of workers are ‘very or somewhat satisfied with their jobs’
- Only 9% gave top ratings across all five categories measured
- 27% stated they are not happy with their pay
- 30% have considered quitting within the last three months
- Source: CNBC, First in Business Worldwide, SurveyMonkey
Top Companies to Work for in 2019
The Numbers:
- The 2019 LinkedIn Top Companies list ranks 50 companies where Americans want to work
- Four areas are measured: interest in the company, engagement with the company’s employees, job demand, and employee retention
- Source: LinkedIn