BountyJobs Bites
Report Supports Idea of Declining Gig Economy
The Numbers:
- Contingent workforce is getting smaller as workers were more likely to have a standard job in 2017 than in 2005
- 9% of workers were in nonstandard jobs in 2005, while 10.1% were in 2017
- Source: Economic Policy Institute
Manufacturing Employment Continues to Increase
The Numbers:
- For 18 straight months, Manufacturing employment has increased
- This is the longest stretch since the mid-1990s
- Transportation equipment and machinery production are some that have impacted much of the growth
- The year 1979 had 19.6 million Americans employed in Manufacturing – today that number is 12.8 million.
- Source: The Wall Street Journal
Hiring Flexibility in Demand in 2019
The Numbers:
- 40% of employers plan to hire full-time workers (down from 44% last year)
- 47% of employers plan to hire part-time workers (down from 51% last year)
- 50% of HR Managers have current openings with no qualified candidates
- Source: CareerBuilder
BountyJobs Reports: The New Recruiting Mindset: How to Stay Competitive in a Changing Talent Landscape
The Numbers:
- 75% of candidates consider your brand before applying
- 62% of millennials would take a pay cut to work for a company that practiced corporate social responsibility
- 77% of candidates heavily value flexible work options
Majority of Americans Value Soft Skills Over Experience
The Numbers:
- Soft skills such as time-management, enthusiasm, and dependability without required experience as seen as more desirable than those with the right experience but without soft skills
- 75% of Americans would most likely hire a job candidate with soft skills but missing the necessary experience or qualifications
- 36% of Americans would moreso choose a candidate that has enthusiasm and an excitement to learn rather than someone with the right experience
- Source Yoh
U.S. Nonmanufacturing Activity Increases in February
The Numbers:
- ISM’s nonmanufacturing index increased to 59.7 in February, an increase from 56.7 in January
- All 18 nonmanufacturing industries reported growth
- Source: Institute for Supply Management
Young Managers Approve of Remote Work
The Numbers:
- Millennials and early Gen Zers in management roles are redefining work by supporting remote work – as well as seeing a need for upskilling and the use of freelancers
- 50% of these managers are director-level or above, giving them major influence
- 58% of the workforce is expected to be made up of younger generations by 2028
- Source: Upwork
Small Percentage of Workers Live Comfortably with Current Salary
The Numbers:
- 18% of workers say they are ‘comfortable’ at their salary level
- 85% of workers report a raise of 6% of less
- 44% of workers got a 3% or less raise
- Source: Indeed
Employment Increases in 2019 But Labor Market Tight
The Numbers:
- Late January and February of 2019 saw increases in employment in most of the U.S.
- Labor markets remained tight for all skill levels
- Worker shortages in IT, manufacturing, trucking, restaurants, and construction were severe
- Source: Federal Reserve Beige Book
Analytical Jobs are On the Rise
The Numbers:
- Abstract thinking jobs like business analysts and consultants have increased 7% as a share of employment
- Automation has caused repetitive desk jobs, phone operators, and ticket agent roles to decline
- Source: LinkedIn