The State of the Job Market [Report]

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Jobvite lately launched its Recruiter Nation Report 2016, providing perception into the state of social recruiting and the present job market. The information tells two tales: What recruiters have to know and what job seekers have to know as we speak. Let’s take a deep dive into the report findings and what they imply to you.

Earlier than we discover information factors, it’s all the time essential to get the context across the info being introduced. Within the case of a report, we’re speaking concerning the methodology. To assemble the info beneath, Jobvite surveyed 1,600 HR and recruiting professionals in a wide range of industries, all inside the U.S.

Now, onto the details.

The Present Job Market: What Recruiters Have to Know

Recruiters want high quality expertise as we speak greater than ever. Regardless of the very chance (and, in some circumstances, actuality) of automation altering the face of the workforce, solely a handful of respondents—10 p.c—stated their firm would embrace automation within the subsequent three years. Curiously, greater than three quarters of respondents stated they’d elevated hiring, and 86 p.c stated they didn’t count on layoffs for the following yr.

What’s it imply? Recruiting is more and more aggressive, with industries like hospitality, manufacturing, healthcare, and expertise main the cost. Listed below are extra key insights into what recruiters have to know concerning the state of the job market:

  • Negotiating wage is regular. In response to greater than half of the recruiters Jobvite polled, candidates usually tend to ask for greater pay than they had been only one yr in the past. Not surprisingly, 43 p.c of job seekers stated they left a place within the final yr due to considerations about compensation. Backside line? Have the dialogue.
  • Don’t go rogue on advantages. Due to the expertise scarcity, engaging prime expertise is extra essential than ever. How? Sure, office tradition is uber-important, however so are quaint advantages. Seventy-eight p.c of respondents stated dental and medical protection was probably the most engaging profit, and 65 p.c cited a 401Okay. Curiously, however in no way surprisingly, 44 p.c of respondents indicated an informal gown code and office flexibility had sturdy enchantment, too.
  • Inner hires and referrals win. Not surprisingly, the perfect expertise comes from inside: Inner hires (38 p.c) and worker referrals (34 p.c).
  • Don’t neglect to leverage social. Most recruiters—87 p.c, to be precise—go to LinkedIn to vet potential candidates. In addition they frequent different social platforms like Fb and Twitter (see Determine 1 for a full breakdown). Don’t neglect, although, that digital is a two-way road—59 p.c of job seekers analysis the tradition of potential employers earlier than saying sure to an interview. If your organization has a blasé presence within the social media house, or worse, isn’t utilizing social in any respect, that sends a message to candidates, whether or not intentional or not.

 Jobvite Recruiter Nation Report 2016

Determine 1. Supply: Jobvite Recruiter Nation Report 2016

The Present Job Market: What Job Seekers Have to Know

It’s a superb time to be a job seeker; as companies turn out to be extra tech savvy and leverage extra digital instruments to get forward of the competitors, they want extra—and completely different sortsof—expertise to assist these efforts. This truth is evidenced by Jobvite’s projection that recruiters are dealing with a expertise scarcity—one thing I wrote about in additional element right here (Learn: The Expertise Recruitment Actuality: A Good Candidate is Arduous to Discover). Higher information? Sixty-nine p.c of recruiters reported their firm had elevated hiring efforts inside the final twelve months, and lots of—simply over two-thirds—aren’t against growing wage provides to land the best candidate.

Listed below are different highlights from the report related to job seekers:

  • Use social correctly. In case you’re apt to overshare in your social feed or are likely to misspell a phrase or use inappropriate pictures (or language), hear this: Recruiters are watching, they usually don’t prefer it. A whopping 72 p.c of recruiters stated they dislike typos on social, a better share even than those that stated they didn’t look after footage of alcohol consumption (42 p.c). Selfies are nonetheless secure, although, as they solely flip off 18 p.c of these polled—a determine truly down from 2015. Watch out, although—41 p.c of recruiters stated seeing a photograph of a candidate earlier than an in-person assembly can have an effect on their impression.
  • Your angle and look matter. Recruiters care about your look, with 46 p.c reporting that how a candidate clothes can influence the outcomes of a primary interview. In case you’re in actual property or finance particularly, dressing too casually is usually a deal killer, virtually 80 p.c of the time. Your angle additionally counts. Some 78 p.c of these polled stated enthusiasm was crucial consider deciding whether or not to rent a candidate post-interview—shockingly, a determine barely greater than that for “command of necessities.”
  • Inform the reality. A whopping 75 p.c of respondents reported they see job seekers commonly beef up their prior work expertise. They’re looking out for that and different infractions equivalent to inflating a wage, fudging the time at a earlier job, and extra (see Determine 2 for a full breakdown.)

 Jobvite Recruiter Nation Report 2016

Determine 2. Supply: Jobvite Recruiter Nation Report 2016

What’s Subsequent?

Are you able to relate to any of the info factors above, both as a job seeker or as a recruiter? What does the state of the job market appear to be out of your vantage level? I’d love to listen to your ideas.

Extra Sources on This Matter:

People Unsure Concerning the Way forward for Work, 2016 Jobvite Job Seeker Examine Reveals
2016 Job Seeker Nation Examine Experiences on the Way forward for Work
Advertising (and Showcasing) Your Company Tradition Throughout Recruitment

This text was first revealed on Work Join Weblog.

The put up The State of the Job Market [Report] appeared first on TalentCulture.

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