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The Year Ahead: Job Market Predictions and Trends for 2019
- 1. The Year Ahead Iain Wills – Adzuna iainw@adzuna.com
- 2. Adzuna Search engine for jobs ~ 95% of all UK jobs 2m unique UK visitors 0 200,000 400,000 600,000 800,000 1,000,000 1,200,000 Number of jobs Largest Board Indeed Adzuna More jobs than anyone else LargestBoard – 250,000.Indeed – 451,867.Adzuna – 1,063,010 – as of 6th March 2019 Powering the government’s job site – Find a Job
- 3. How we work Your Ads Job Boards Your Site £ CPC £ Contracts £ CPC Your Brand • Urgent • High Volume • Hard To Fill Business as usual
- 4. Our Monthly Job Market Report
- 5. Are Vacancies At Record Levels?
- 6. Our Data Says Otherwise 1,143,368 1,020,629 950,000 1,000,000 1,050,000 1,100,000 1,150,000 Vacancies
- 7. Though Competition For Candidates Is High 2.70 2.77 2.94 3.13 3.23 3.45 3.23 1.00 1.50 2.00 2.50 3.00 3.50 July August September October November December January VacanciesPerJobseeker Vacancies Per Jobseeker Based on Adzuna Data and ONS Data – January 2019
- 8. Salaries Are Going Up Accordingly £33563 £33470 £33415 £33424 £33682 £34213 £34726 £34939 32000 33000 34000 35000 36000 AverageSalary(perannum)
- 9. Prediction 1: Vacancies Will Probably Decline
- 10. We Didn’t Want To Say The B Word...
- 11. How does this look over time? Based on Adzuna dataset £30,000 £31,000 £32,000 £33,000 £34,000 £35,000 £36,000 800,000 850,000 900,000 950,000 1,000,000 1,050,000 1,100,000 1,150,000 1,200,000 1,250,000 1,300,000 Jan15 Mar15 May15 Jul15 Sep15 Nov15 Jan16 Mar16 May16 Jul16 Sep16 Nov16 Jan17 Mar17 May17 Jul17 Sep17 Nov17 Jan18 Mar18 May18 Jul18 Sep18 Nov18 Jan19 Advertised vacancies and salaries Vacancies Salaries
- 12. Uncertain Times Are Ahead Budgets will come under more pressure Companies may freeze any expansion plans Candidates will spend more time in their current jobs More jobs will move abroad
- 13. Prediction 2: Direct Sourcing Will Need To Improve
- 14. Founded By Marketers • Founded in 2011 by Doug and Andrew • Our mission is to be the best place to start looking for a job. We love using the awesome power of technology to help match people to better, more fulfilling jobs.
- 16. Measuring The Funnel – An Example Shortlist Acceptance Applications 1000 £0.50/click 100 25 5 £5/applicant £20/shortlist candidate £100/hire Clicks
- 17. Assess Free and Paid Channels Equally Paid channels cost you money Free channels can take up your time Screening Attraction Assessment Interview Selection Acceptance Screening Attraction Assessment Interview Selection Acceptance
- 18. That Might Mean Looking At Your Job Ads 17% of UK ads use more masculine language 60% of industries use more masculine language
- 19. Prediction 3: More Jobs Will Be Automated
- 20. The Start of the Curve Download link:http://bit.ly/AdzunaAI • Response to numerous studies forecasting ~50% job losses • Looking at retrospective job market data up to 2017 • Written by James Neave, Adzuna Head of Data Science
- 21. What came before the alarm clock?
- 22. The State of AI
- 23. AI Will Not Replace Recruiters
- 24. Tasks To Automate Do Automate: • Simple • Repetitive • Standardised • Impersonal Don’t Automate: • Complex • Varied • Creative • Personal It’s about people!
- 25. Prediction 4: Candidate Experience Will Top The Agenda
- 26. Candidates Are Consumers Speed Choice Control
- 28. Taking People Through This Process Is Simple Longlist Shortlist Offer Applications Clicks Hire Providing a positive experience here is fairly simple Landing Pages Assessment Days Meet The Team Welcome Pack Scenario Tests
- 29. But We End Up Rejecting 99% Of Applicants Longlist Shortlist Offer Applications Clicks Hire Giving unsuccessful candidates a positive experience is harder Simple Queries Basic Skills Role Specific Skills Culture Fit Location & Salary Assessment Days
- 30. Your Tools Can Be Automated Longlist Shortlist Offer Applications Clicks Hire Psychometric Assessments Chatbots CV Parsing Skills Assessment Referencing Software Candidate CRM Gamification 1-Click Apply Video Interviewing Talent Sharing
- 31. Bold Predictions For the Future
- 32. The Same Automation Rules Apply To Jobs Do Automate: • Simple • Repetitive • Standardised • Impersonal Don’t Automate: • Complex • Varied • Creative • Personal It’s about people!
- 33. Quiz time! Illustrator Shift Supervisor Pharmacy AssistantNail Technician The Start of the Curve, James Neave, 2017
- 34. Delivery drivers will rise… then fall
- 35. Barbers won’t experience many cuts
- 36. Jobs will emerge that we can’t predict now
- 37. In Conclusion • There is uncertainty • Vacancies will probably decline • Need to improve direct sourcing • Many jobs will be automated • Automation can work for you
- 38. Our Content Job Market Report Measuring Successful Hiring The Start of the Curve (AI)
- 39. Wage Against The Machine