INDUSTRY INSIGHTS YOUR PEERS ARE READING
BountyJobs Bites. Majority of Talent Plans to Move On Within Five Years. The Numbers: 75.5% of employees plan to work for their current employer for five years or less. 51.7% of job seekers have left their jobs voluntarily within the past five years. MORE
BountyJobs Bites. Skilled Workers Behind Freelancer Growth. The Numbers: In 2014, 17% of workers worked as independent contractors full time, this percentage has now jumped to 28%. MORE
BountyJobs Bites. Baby Boomers Sticking Around in Workforce. The Numbers: 29% of older baby boomers (ages 65-72) were still working or looking for work in 2018, compared with 21% of the silent generation and 19% of the greatest generation within the same age range. Source: Pew Research Center. MORE
BountyJobs Bites. Location Desired Over Pay for Hourly Workers. The Numbers: Hourly workers reject job offers moreso due to long commute times rather than pay. 38% of hourly jobs were turned down due to location. 10% of job offers were turned down due to money. MORE
BountyJobs Bites. Job Growth Slows. The Numbers: S. Private payrolls increased by just 27,000 rather than the 173,000 forecasted. This is the worst performance since March 2010 when the employment market lost 113,000 jobs. MORE
BountyJobs Bites. Negative Company Ratings Have Big Impact on Applicant Volume. The Numbers: A survey from Monster found that 38% of respondents would only apply to companies that had at least a 3-star rating out of a 5-star rating system. MORE
BountyJobs Bites. 75% of Hiring Managers are Too Indecisive. The Numbers: Three-quarters of hiring managers are indecisive, causing low-quality hires and longer time-to-fill rates. MORE
BountyJobs Bites. Hourly Workers Value Work-Life Balance More Than Pay. The Numbers: • 77% of hourly workers said they needed ‘work-life balance to feel satisfied on the job’. Hourly workers make up 60% of the total labor force. Source: Shiftboard with Lux Insights. MORE
Manufacturing & Transportation Take a Wage Hit. The Numbers: ‘Real wages’ (adjusted for inflation) experienced negative growth to the tune of.8% over the year. MORE
BountyJobs Bites. Adds 102,000 Nonfarm Jobs in June, Slow, Further Slowdown Expected. The Numbers: 102,000 nonfarm jobs were added in the U.S. in June, signaling further slowdown. June’s outcome is up from the 41,000 added in May but down from the 255,000 added in April and 158,000 added in March. MORE
BountyJobs Bites. Tech Jobless Rate Edges Down. The Numbers: A modest 5,800 jobs were added to the tech sector in May. The jobless rate within tech dropped to 1.3%, the lowest since January 2000. Source: U.S. Bureau of Labor. Job-Hopping Helped Majority of Millennials. MORE
BountyJobs Bites. Employers Should Negotiate More Than Salary. The Numbers: Two in five workers may reject a job offer if the employer negotiates only the salary portion of an offer. 21% of workers said their ‘organizations are open to negotiating some aspect of job offers with candiates’. MORE
BountyJobs Bites. Flexible Work Options Required for Many. The Numbers: In addition to female employees, male employees are looking for flexible schedules as well. MORE
BountyJobs Bites. Gains 130K Jobs in August. The Numbers: The U.S. gained 130K nonfarm jobs in August. The job growth in August was the lowest since May. Unemployment held steady at 3.7%. Source: U.S. Department of Labor’s Bureau of Labor Statistics. MORE
BountyJobs Bites. Consumers Feel Jobs are Plentiful…But Not for Long. The Numbers: The percentage of consumers stating that jobs are ‘plentiful’ increase to 51.2% in August, up from 45.6% in July. Those that felt that jobs were ‘hard to get’ decreased to 11.8% this month, down from 12.5% in July. MORE
BountyJobs Bites. Millennials Dependent on Employers for Needed Skills. The Numbers: 70% of millennials believe they are lacking in skills required for jobs, especially those for future roles. MORE
BountyJobs Bites. Skills Gap Continues to Widen. The Numbers: The skills gap increased by 12% last year. About two-thirds of HR leaders reported a skills gap in their organizations, which is up from 52% in 2018. 40% of respondents state the cause is due to changes in technology and needed skills. MORE
Hires Decreased in May. The Numbers: The number of hires decreased by 266,000 in May. Most of this decrease, 262,000, was within private industry. Jobs growth was essentially flat, only decreasing by 49,000 from April. Source: U.S. Bureau of Labor Statistics. Top Execs Moderately Pessimistic in Q2. MORE
BountyJobs Bites. Almost Half of U.S. Workers Looking for New Opp in 2020. The Numbers: 48% of employed adults in the U.S. are likely to look for a new job in the next year. 44% are concerned they will never find their ideal job. MORE
BountyJobs Bites. Unemployment Falls to 3.6%, Lowest in 50 Years. The Numbers: The unemployment rate decreased from 3.8% in March to 3.6% in April, which is the lowest rate on record since 1969. 263,000 nonfarm jobs were gained in April, a 67,000 increase in growth from March. Source: U.S. MORE
Wage Growth & the Job-Hopping Trend. Job-hopping, typically defined as switching jobs every two years or less, has become a popular trend within the current employment climate. In April, 3.5 million Americans quit their jobs. [1] MORE
CPG Employers Plan a 10% Wage Increase. The Numbers: Consumer packaged goods employers forecast an average wage increase of 10%. This data is from over 500 decision-makers surveyed within the beauty, wellness/personal care, alcohol, food and non-alcoholic drinks, and cannabis industries. MORE
BountyJobs Bites. Wage Growth Slows. The Numbers: U.S. workers’ wages grew 3.2% over the last year. 47.5% of economists predict 2020 will see the start of the next recession. 27% forecast a recession starting in 2021. and 10% say it was start in 2022 and 2023, respectively. MORE
BountyJobs Bites. Seasonal Holiday Workers Prioritize Flexibility. The Numbers: Flexible schedules and working as many hours as possible are tops with those looking for hourly, seasonal holiday work. 55% of respondents want to work at least 26 hours a week. 63% expected to work 25 hours or less. MORE
BountyJobs Bites. Recruiting Timelines Differ for Job Hunters and Recruiters. The Numbers: 45% of those looking for a job found that less than a week was the shortest amount of time they’ve experienced between submitting an application and accepting a job. MORE
BountyJobs Bites. Professionals Know Their Worth and They’re Not Getting It. The Numbers: 82% of workers know their worth in the labor market. Less than 50% feel they are being paid the appropriate amount. 73% report that they have researched and compared their salary against online market rates. MORE
BountyJobs Bites. Tech, Consumer Behavior Impact Major Q1 Job Cuts. The Numbers: The highest quarterly losses in almost four years were seen in Q1 2019. Cuts were also up 10% over Q4 2018. MORE
BountyJobs Bites. Half of Job Postings Focus on 39 Roles. The Numbers: 49% of job postings in 2018 by S&P 100 companies focused on only 39 roles. 51% encompassed 872 other roles. “In In the U.S., MORE
BountyJobs Bites. Non-tech Companies Hiring More Tech Talent. The Numbers: Demand for tech jobs in non-tech companies and industries is increasing. As well, high-tech companies are hiring a rising number of workers in marketing, sales, and other areas. MORE
BountyJobs Bites. 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. MORE
BountyJobs Bites. Majority of Employees Plan to Stay Where They Are. The Numbers: 53% of employees surveyed in Q2 were planning on staying in their current jobs that quarter. This is a 10% increase from Q1. Economic uncertainty is thought to be a cause. Source: Gartner. MORE
BountyJobs
NOVEMBER 14, 2019
BountyJobs Bites. Employers Should Negotiate More Than Salary. The Numbers: Two in five workers may reject a job offer if the employer negotiates only the salary portion of an offer. 21% of workers said their ‘organizations are open to negotiating some aspect of job offers with candiates’.
BountyJobs
NOVEMBER 7, 2019
BountyJobs Bites. Almost Half of U.S. Workers Looking for New Opp in 2020. The Numbers: 48% of employed adults in the U.S. are likely to look for a new job in the next year. 44% are concerned they will never find their ideal job.
BountyJobs
OCTOBER 31, 2019
BountyJobs Bites. Wage Growth Slows. The Numbers: U.S. workers’ wages grew 3.2% over the last year. 47.5% of economists predict 2020 will see the start of the next recession. 27% forecast a recession starting in 2021. and 10% say it was start in 2022 and 2023, respectively.
BountyJobs
OCTOBER 24, 2019
BountyJobs Bites. Seasonal Holiday Workers Prioritize Flexibility. The Numbers: Flexible schedules and working as many hours as possible are tops with those looking for hourly, seasonal holiday work. 55% of respondents want to work at least 26 hours a week. 63% expected to work 25 hours or less.
Speaker: Meghan M. Biro, CEO & Founder, TalentCulture
The future of work includes how to effectively incorporate automation and AI in your workplace, but that is not all that it's about. For HR and recruiting teams, the future of work also includes how they can upgrade their current talent and employee experiences. The three common challenges in this journey are initial outreach, onboarding, and career mobility. Join TalentCulture CEO & Founder Meghan M. Biro to learn how to navigate the talent journey from beginning to end, with the help of modern HR and recruiting strategies and automation.
BountyJobs
OCTOBER 17, 2019
BountyJobs Bites. Majority of Talent Plans to Move On Within Five Years. The Numbers: 75.5% of employees plan to work for their current employer for five years or less. 51.7% of job seekers have left their jobs voluntarily within the past five years.
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BountyJobs
OCTOBER 10, 2019
BountyJobs Bites. Skilled Workers Behind Freelancer Growth. The Numbers: In 2014, 17% of workers worked as independent contractors full time, this percentage has now jumped to 28%.
BountyJobs
OCTOBER 3, 2019
BountyJobs Bites. Majority of Employees Plan to Stay Where They Are. The Numbers: 53% of employees surveyed in Q2 were planning on staying in their current jobs that quarter. This is a 10% increase from Q1. Economic uncertainty is thought to be a cause. Source: Gartner.
BountyJobs
APRIL 4, 2019
BountyJobs Bites. 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.
BountyJobs
SEPTEMBER 26, 2019
BountyJobs Bites. Flexible Work Options Required for Many. The Numbers: In addition to female employees, male employees are looking for flexible schedules as well.
Speaker: Matt Craven, Talent Acquisition Project Manager, Schneider Electric
Hiring the right people and creating a strong and productive workforce is critical to the success of any organization. Likewise, bad hiring decisions will stifle an organization’s ability to expand and impact their bottom line financially. How does an organization minimize their risk? What steps do they take to improve the “quality of hire”? Most importantly, how do you measure change in quality of hire? In the end, it’s not about finding a body to fill an open requisition; it’s about bringing a person in who will be skilled, engaged, and committed. Join Schneider Electric Talent Acquisition Project Manager Matt Craven to learn how you can improve your quality of hire and bottom line.
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BountyJobs
SEPTEMBER 12, 2019
BountyJobs Bites. Gains 130K Jobs in August. The Numbers: The U.S. gained 130K nonfarm jobs in August. The job growth in August was the lowest since May. Unemployment held steady at 3.7%. Source: U.S. Department of Labor’s Bureau of Labor Statistics.
BountyJobs
SEPTEMBER 5, 2019
BountyJobs Bites. Professionals Know Their Worth and They’re Not Getting It. The Numbers: 82% of workers know their worth in the labor market. Less than 50% feel they are being paid the appropriate amount. 73% report that they have researched and compared their salary against online market rates.
BountyJobs
AUGUST 29, 2019
BountyJobs Bites. Consumers Feel Jobs are Plentiful…But Not for Long. The Numbers: The percentage of consumers stating that jobs are ‘plentiful’ increase to 51.2% in August, up from 45.6% in July. Those that felt that jobs were ‘hard to get’ decreased to 11.8% this month, down from 12.5% in July.
BountyJobs
JULY 4, 2019
BountyJobs Bites. Adds 102,000 Nonfarm Jobs in June, Slow, Further Slowdown Expected. The Numbers: 102,000 nonfarm jobs were added in the U.S. in June, signaling further slowdown. June’s outcome is up from the 41,000 added in May but down from the 255,000 added in April and 158,000 added in March.
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BountyJobs
AUGUST 1, 2019
BountyJobs Bites. Baby Boomers Sticking Around in Workforce. The Numbers: 29% of older baby boomers (ages 65-72) were still working or looking for work in 2018, compared with 21% of the silent generation and 19% of the greatest generation within the same age range. Source: Pew Research Center.
BountyJobs
SEPTEMBER 27, 2018
BountyJobs Bites. Negative Company Ratings Have Big Impact on Applicant Volume. The Numbers: A survey from Monster found that 38% of respondents would only apply to companies that had at least a 3-star rating out of a 5-star rating system.
BountyJobs
JULY 25, 2019
BountyJobs Bites. Non-tech Companies Hiring More Tech Talent. The Numbers: Demand for tech jobs in non-tech companies and industries is increasing. As well, high-tech companies are hiring a rising number of workers in marketing, sales, and other areas.
BountyJobs
JULY 18, 2019
BountyJobs Bites. 75% of Hiring Managers are Too Indecisive. The Numbers: Three-quarters of hiring managers are indecisive, causing low-quality hires and longer time-to-fill rates.
Speaker: Allen Samuel, Senior Sourcer & Serial Entrepreneur
When it comes to finding the right candidates for your company, you want to ensure that they are a good “fit.” By having an understanding of the job description, accurate skillset criteria and a short conversation with the hiring manager, you will be armed with the resources to quickly and effectively convert potential candidates to new hires. Join Senior Sourcer & Serial Entrepreneur Allen Samuel to learn the steps you should be taking in your candidate screening process.
BountyJobs
JULY 11, 2019
Hires Decreased in May. The Numbers: The number of hires decreased by 266,000 in May. Most of this decrease, 262,000, was within private industry. Jobs growth was essentially flat, only decreasing by 49,000 from April. Source: U.S. Bureau of Labor Statistics. Top Execs Moderately Pessimistic in Q2.
BountyJobs
JUNE 27, 2019
BountyJobs Bites. Location Desired Over Pay for Hourly Workers. The Numbers: Hourly workers reject job offers moreso due to long commute times rather than pay. 38% of hourly jobs were turned down due to location. 10% of job offers were turned down due to money.
BountyJobs
JUNE 20, 2019
Wage Growth & the Job-Hopping Trend. Job-hopping, typically defined as switching jobs every two years or less, has become a popular trend within the current employment climate. In April, 3.5 million Americans quit their jobs. [1]
BountyJobs
JUNE 13, 2019
BountyJobs Bites. Tech Jobless Rate Edges Down. The Numbers: A modest 5,800 jobs were added to the tech sector in May. The jobless rate within tech dropped to 1.3%, the lowest since January 2000. Source: U.S. Bureau of Labor. Job-Hopping Helped Majority of Millennials.
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You get a job perk! And You get a job perk! Everyone gets job perks! While these perks may have helped get that stellar candidate’s foot in the door, this dynamic of severely low unemployment combined with a historically high job open rate continues with no immediate end in sight. Employers will do well to zero in on one lever many have been avoiding pulling: the almighty salary increase.
BountyJobs
JUNE 6, 2019
BountyJobs Bites. Job Growth Slows. The Numbers: S. Private payrolls increased by just 27,000 rather than the 173,000 forecasted. This is the worst performance since March 2010 when the employment market lost 113,000 jobs.
BountyJobs
MARCH 28, 2019
CPG Employers Plan a 10% Wage Increase. The Numbers: Consumer packaged goods employers forecast an average wage increase of 10%. This data is from over 500 decision-makers surveyed within the beauty, wellness/personal care, alcohol, food and non-alcoholic drinks, and cannabis industries.
BountyJobs
MAY 30, 2019
BountyJobs Bites. Hourly Workers Value Work-Life Balance More Than Pay. The Numbers: • 77% of hourly workers said they needed ‘work-life balance to feel satisfied on the job’. Hourly workers make up 60% of the total labor force. Source: Shiftboard with Lux Insights.
BountyJobs
MAY 23, 2019
BountyJobs Bites. Millennials Dependent on Employers for Needed Skills. The Numbers: 70% of millennials believe they are lacking in skills required for jobs, especially those for future roles.
Speaker: Caroline Vernon, Director of Sales and Client Success Leader, CareerArc
Building and supporting a culture where people at all levels are encouraged to—and even expected to—look internally for personal growth and new challenges improves the employer brand and becomes a powerful magnet for the talent market. This focus on career mobility and employee development often results in improved talent attraction and retention, not to mention how it positively affects the bottom line. Join CareerArc Director of Sales and Client Success Leader Caroline Vernon to learn her tips to cultivate internal mobility practices with your current workforce and potential new hires.
BountyJobs
MAY 9, 2019
BountyJobs Bites. Unemployment Falls to 3.6%, Lowest in 50 Years. The Numbers: The unemployment rate decreased from 3.8% in March to 3.6% in April, which is the lowest rate on record since 1969. 263,000 nonfarm jobs were gained in April, a 67,000 increase in growth from March. Source: U.S.
BountyJobs
MAY 2, 2019
Manufacturing & Transportation Take a Wage Hit. The Numbers: ‘Real wages’ (adjusted for inflation) experienced negative growth to the tune of.8% over the year.
BountyJobs
APRIL 25, 2019
BountyJobs Bites. Half of Job Postings Focus on 39 Roles. The Numbers: 49% of job postings in 2018 by S&P 100 companies focused on only 39 roles. 51% encompassed 872 other roles. “In In the U.S.,
BountyJobs
APRIL 18, 2019
BountyJobs Bites. Tech, Consumer Behavior Impact Major Q1 Job Cuts. The Numbers: The highest quarterly losses in almost four years were seen in Q1 2019. Cuts were also up 10% over Q4 2018.
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BountyJobs
APRIL 11, 2019
BountyJobs Bites. Recruiting Timelines Differ for Job Hunters and Recruiters. The Numbers: 45% of those looking for a job found that less than a week was the shortest amount of time they’ve experienced between submitting an application and accepting a job.
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