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NY Times Best Selling author Dan Schawbel presents the top employment trends for 2014.
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#1: Social Recruiting
• 94% of companies do social recruiting.
• 31% of college admissions officers do social recruiting.
• Students lose jobs based on what they post online.
Source: Jobvite, Kaplan
#2: Changing Demographics• Boomers retiring
• Gen X vs Y competing
for leadership positions
• Gen Z entering the workforce in 2 years
#3: The New Job Market
• 7.3% national vs 15.9% for millennials
• 3:1 ratio of job seekers to jobs
• 77% of employees are open to new job opportunities
Source: Bureau of Labor Statistics, CareerBuilder
#4: Freelancing = The New Norm• 1/3rd of Americans are
freelancers (43 million)
• 60% of companies to hire more freelancers in 2014
• 43% of the workforce will work remotely by 2016.
Source: American Staffing Association, CareerBuilder, Bureau of Labor Statistics, Elance
#5: Women In The Workplace• The gender pay gap is the
smallest for Gen Y.
• Women today are more educated than men.
• Gen Y cares about equality.
Source: Millennial Branding, PayScale
#6: The New Employer Filter• Collegiate Learning
Assessment
– An objective, benchmarked report card for critical thinking skills
– 200 U.S. colleges making students take it
– Could become more important than GPA
Source: WSJ
#7: The ROI Of College
• Half of graduates either unemployed, underemployed or have given up.
• Student loan debt– Highest % of loan defaults are
in private for profit sector (37% vs 33% for public)
• The rise of MOOC’s– Coursera, edX, Udacity
Source: Bureau of Labor Statistics, New York Times
#8: Reputation Matters
• 75% of job seekers will accept a lower salary for a good brand.
• Gen Y’s share negative brand commentary online.
Source: YouGov, CareerBuilder
#9: The Skills Gap
• 4 million job openings
• 26% of employers creating new STEM jobs in 2014
• 50% of employers train workers on skills they don’t have in 2014
Source: Business Insider
#10: Cultural Fit
• College students would accept a lower starting pay to work for companies with cultures they value and appreciate.
• 68% of recruiters would choose a candidate who has a high level of Cultural Fit over Job Fit.
Source: Monster, Le & Associates
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