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Global Labor Trends 2016

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29 Feb 2016
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Global Labor Trends 2016

  1. Global Labor Trends 2016 indeed.com/hiringlab
  2. 4 Table of Contents Labor Market Snapshot 2016 Global Hiring Outlook a. Overview b. Migration c. Education d. New forms of work Big Players and Markets a. China’s economy b. The oil industry c. Startups and productivity d. Tech talent everywhere The Future of Work a. Job search b. Talent attraction c. The world of work 1 2 3
  3. Labor Market Snapshot 2016 1
  4. Worldwide, employment is changing: Agriculture is in decline while service jobs are multiplying Source: World Bank WDI (employment in services, industry and agriculture) 40.6% 22.9% 36.5% World average 1994 IndustryServices Agriculture 24.2% 45.1% 30.7% World average 2010
  5. Here’s how that looks for the world’s 12 largest economies: Source: World Bank WDI (employment in services, industry and agriculture) Australia Brazil 1994 22.5% 65% 1994 54% 20% 26% 2010 22% 62% 5% 2010 21% 68% 3% 16% IndustryServices Agriculture Uncategorized
  6. Here’s how that looks for the world’s 12 largest economies: IndustryServices Agriculture Uncategorized China 1994 27.5% 22.5% 50% United States 2010 35.7%29.5% 34.8% 1994 72.8% 24.3% 2.9% 2010 17.2% 81.2% 1.6% Source: World Bank WDI (employment in services, industry and agriculture)
  7. Here’s how that looks for the world’s 12 largest economies: UK Japan 1994 70% 2010 79% 1994 60% 34% 6% 28% 19% IndustryServices Agriculture Uncategorized 2% 1% 2010 79% 25% 4% Source: World Bank WDI (employment in services, industry and agriculture)
  8. Here’s how that looks for the world’s 12 largest economies: Germany France 1994 37% 60% 1994 68% 27% 5% 2010 22% 74% 3% IndustryServices Agriculture Uncategorized Source: World Bank WDI (employment in services, industry and agriculture) 3% 2010 29% 70% 2%
  9. Here’s how that looks for the world’s 12 largest economies: Italy India IndustryServices Agriculture Uncategorized Source: World Bank WDI (employment in services, industry and agriculture) 1994 34% 59% 1994 61% 22% 2010 22% 51% 7% 2010 29% 68% 4% 16% 27%
  10. Here’s how that looks for the world’s 12 largest economies: Russia Canada IndustryServices Agriculture Uncategorized Source: World Bank WDI (employment in services, industry and agriculture) 1994 36% 48% 16% 2010 28% 64% 8% 1994 73% 22% 4% 2010 20% 78% 2%
  11. Despite a dip during the Global Financial Crisis, employment levels in advanced economies have risen steadily over the last few decades Source: IMF WEO April 2015 120 70 80 90 100 110 1980 1989 1995 20162007 Advanced Economy employment declined in 2008-09 but is finally returning to trend (Index 2000 = 100) Advanced Economy Advanced Economy Trend
  12. But there are fewer workers to go round—the number of people participating in the workforce declined from 71% in 1990 to 69% in 2013 Source: World Bank WDI 80 70 60 50 90 1990 20001995 2005 2010 Declining Labor Force Participation Rates (% of total population ages 15-64) IndiaChina United States Russian Federation WorldUnited Kingdom
  13. Where have the workers gone? Many have retired. United States Canada IndiaAustralia United Kingdom Germany FranceChina Italy Japan Russian Federation Brazil The percentage of the population above the age of 65 grew by an average of 26% between 2000 and 2014 (% of total) Source: World Bank WDI 30 0 25 20 15 10 5 1980 1989 1995 20162007
  14. People who gave up trying to find a job during the financial crisis are not returning to the workforce, even as more jobs become available. Middle tier jobs are disappearing. These roles are traditionally seen as central to the traditional career ladder Some jobs aren’t very attractive (low wage, low skill), so not enough people are applying to do them Fallout from the recession Other factors are also contributing to declining workforce participation: Polarization of the Labor Market Lack of Incentive
  15. 2.6% Productivity growth averaged from 1996 to 2006 As a result, productivity growth is stalling 2.1% In 2014 it got worse: averaging a meager Source: The Conference Board
  16. The Global Hiring Outlook 2
  17. 2009 Worldwide, employers report difficulty hiring: Source: ManpowerGroup 2015 Talent Shortage Survey 38 30 32 34 36 Between 2009 and 2015, the share of employers reporting difficulty filling jobs rose by 27% (% of employers reporting difficulty filling jobs) 2010 2011 2012 2013 2014 2015
  18. Cook 2 1.5 1 0.5 0 Source: Indeed Hiring Lab Nurse Software Engineer Teacher In several in-demand professions, there just aren’t enough people with the right skills looking for jobs Mismatch for select jobs titles by region (Ratio of the share of job seeker interest to share of job postings 09/2015) AMER APAC EMEA Equilibrium
  19. Young people aren’t learning the tech skills needed at work Group 4 – good ICT and PS skills Group 3 – moderate ICT and PS skills Distribution of Information and Technologies Skills Source: OECD Education at a Glance 2014 Russian Federation United States Germany England/ N. Ireland Japan AustraliaCanada 100% 75% 50% 25% 0% On average, 61% of people age 25-64 in advanced economies have “good or moderate” IT and problem solving skills. Group 2 – minimal ICT skills Group 1– lack of readiness = opted out of computer-based asses Group 0 – no use, no skills
  20. 50 42 34 26 18 Source: ManpowerGroup 2015 Talent Shortage Survey Americas Asia Pacific EMEA The lack of technical competencies in the labor force has different effects for different markets 2014 2015 Lack of technical competencies - hard skills (%) In EMEA countries, 43% of employers report a lack of hard skills in the workforce. In the US, it’s 24%.
  21. 1 2 3 4 5 6 7 8 9 10 11 12 US Germany Canada France UK Australia Japan India Italy Brazil Russia China The talent gap is felt most acutely in the US and Germany where 26% and 20% of positions are still open after 60 days, respectively. Rank Country Source: Indeed Hiring Lab 25.84% 20.00% 18.70% 16.07% 13.09% 11.66% 11.12% 10.22% 9.28% 7.02% 1.84% 1.42% Share > 60 days Jobs are open the longest in the US and Germany (Share of job postings on Indeed open for >60 days)
  22. 1 2 3 4 5 6 7 8 9 10 11 12 Brazil Japan Italy UK Germany France Russia US Australia China Canada India And everywhere you look, software engineers are in short supply Rank Country Source: Indeed Hiring Lab Difficulty hiring software engineers, by country (Ranking based on share or postings to share of job seeker clicks)
  23. Migration
  24. 4.3 million permanent migrants entered OECD countries, 2006-2014 (millions) In 2014, migration rates to advanced economies began returning to pre-recession levels: Source: OECD International Migration Outlook 2015 5.0 4.5 4.0 3.5 3.0
  25. Today’s global job seeker is well-informed about which occupations and locations offer the best employment opportunities. Linguistic and cultural factors play a key role in where people search. Source: Indeed Hiring Lab The top three sources of job searches for the 12 largest economies
  26. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Source: Indeed Hiring Lab Indeed Net Interest Score Not all countries are equal when it comes to attracting or retaining talent The Indeed Net Interest Score combines interest from job seekers within and outside of a country to measure the country’s overall desirability. Market Russia United Arab Emirates Brazil Switzerland Indonesia Qatar United States South Africa Luxembourg Japan Chile Kuwait United Kingdom Mexico Bahrain India Singapore Spain Peru Canada 0.658 0.434 0.403 0.305 0.298 0.283 0.283 0.268 0.263 0.251 0.219 0.156 0.156 0.130 0.122 0.106 0.075 0.056 0.054 0.051 Score
  27. It may seem counterintuitive that countries currently facing tough economic times such as Russia and Brazil are attracting so much interest from abroad. But it is important to note that these markets are still doing better than most of their neighboring countries. A lack of job opportunities in the area is causing interest to rise in these regional hubs. At the same time, poor economic conditions give little incentive for workers in Russia and Brazil to search for jobs in neighboring countries—which matters because much of international migration still involves workers moving to nearby countries for work.
  28. 6% 9% of all workers look abroad for work Tech talent more likely than the average candidate to look for work abroad of tech workers look abroad for work Source: Indeed Hiring Lab In the 12 largest economies,
  29. 1 2 3 4 5 6 7 8 9 10 11 12 US France Canada China India Italy Australia Japan Germany Russia United Kingdom Brazil The US, France and Canada are attracting the most searches for “Java” jobs—a signal that developers are most interested in those locations. Rank Source: Indeed Hiring Lab Country Ranking of Top 12 Economies By Inbound Java Search
  30. Education
  31. 60% 45% 30% 15% 0% United States 8 country average Germany Italy Canada Japan France Australia United Kingdom Education rates are rising around the world Tertiary education rose nearly 10 percentage points between 2000 and 2012 in these eight major economies. In 2000, an average of 28% of adults had tertiary education. By 2012 the average was 37% Source: OECD 2014 2000 2012
  32. … but more education does not always lead to lower unemployment Source: World Bank, The Global Talent Competitiveness Index
  33. For instance, employment in agriculture in India is 47% compared to 3% and 4% in 3% in France and 4% in Italy. Meanwhile services make up 28% of employment in India versus 75% in France and 69% in Italy. Different labor markets require radically different areas of expertise. When it comes to education, one size does not fit all 100% 75% 50% 25% 0% ItalyFranceIndia Services Agriculture Source: World Bank WDI
  34. Meanwhile, even in advanced economies, large parts of the workforce may not be developing the skills required to compete in the 21st century Over 35% of OECD youth are receiving no computer experience at work. Source: OECD Skills Outlook 2015 60 50 40 30 20 Australia United Kingdom Japan OECD average Germany Canada France ItalyUnited States Youth with no computer experience at work (% of youth)
  35. In response, many employers are taking a hands-on interest in education 61% In the US, 61% of employers offer some form of undergraduate tuition reimbursement Source: Society for Human Resource Management
  36. And, there are types of education that may actually be more effective when it comes to landing a job 75% of coding bootcamp graduates report going to work in a job that required the skills they learned in their course Source: Course Report
  37. New Forms of Work
  38. Is the 9 to 5 becoming a historical relic? Between 2013 and 2015, interest in flexible work increased by 42% in 9 out of 12 countries studied Source: Indeed Hiring Lab
  39. “Flexible” doesn’t just mean low paid, low skill work any more. Today, it’s professionals from in-demand occupations who are most likely to be searching for work that allows them to set their own schedule Source: Indeed Hiring Lab Occupations most likely to receive interest for remote work
  40. But not every country is equally “flexible”—in fact styles of work arrangement vary widely across countries Source: Indeed Hiring Lab 97.4% 97.2% 94.8% 74.6% China Thailand India 97% Full Time Philippines Indonesia 94% Global Average 27.5% Part Time Japan Korea Poland 38.5% 31.1% Denmark 26.4% Sweden 26.2% Global Average 7% Temporary Italy Luxembourg France 45.9% 41.9% 40.7% Belgium 33.8% Australia 32.3% Global Average 13.9% Part-time work is most common in Japan and Korea while temporary work is easiest to find in Italy and other European countries
  41. The rise of Uber and similarly disruptive services has coincided with an exponential increase in searches for gig employment over the last two years 2013-01 2013-07 2014-01 2014-07 2015-01 2015-07 Searches for “gig” jobs as a share of all job searches Source: Indeed Hiring Lab 0
  42. Even so, the gig economy isn’t showing up in traditional models of employment data in the US In fact, the number of self employed and multiple jobholders has been declining in the US, despite overall employment growth. Source: Federal Reserve Bank of St. Louis
  43. As for Europe, the share of self-employed and multiple jobholders is stagnant—or even in decline Source: Eurostat
  44. However, a 2015 Indeed survey found that 30% of full time workers do some kind of moonlighting on the side. So perhaps it depends what question you ask. Source: Censuswide, Indeed 30%
  45. Wages
  46. Globally, wage growth continues to lag. In fact, from 2011 to 2014, wages increased by a (meager) average of 0.5% globally Source: OECD 2015 Change in average wages from 2011-2014 Canada Switzerland Sweden Israel Belgium Poland Ireland Average Mexico CzechRepublic Finland Italy Hungary Portugal 10% 5% 0 -5% -10% 0.5%
  47. Across the globe the share of wealth held by the top 1% is rising and the share held by the bottom 90% is declining Top 1% and Bottom 90% Wealth Distribution 1980 2010 0.4 0.3 0.2 0.1 France Sweden Europe United Kingdom United States 0 Top 1% 0.5 0.4 0.3 0.2 France Sweden Europe United Kingdom United States 0.1 Bottom 90% Source: Piketty 2014 and IMF staff calculations
  48. High Skill, High Wage Jobs Low Skill, Low Pay Service Jobs Blue Collar Working Class Jobs One cause of this inequality is that high- and low-wage jobs are both growing while middle-wage jobs are dropping out
  49. How do salaries for cashiers compare to salaries for Java developers in three key economies? Case study: Comparing salaries in high- and low-skill jobs Cashier Java developer
  50. Everywhere you look the salary gap between high and low skill work is pronounced—but in some countries it’s bigger than others. In the UK, cashiers can make over 40% of a Java developer’s salary. In the US, the divide is far greater—it’s 20% Source: Indeed Hiring Lab 80% 60% 40% 20% 0% 100% United Kingdom United States Australia Cashier salaries as a share of Java Developer salaries (July 2015) Cashier salary
  51. 80k 60k 40k 20k 0 100k 120k While cashiers make around 20k in all 3 countries, Java developers have a significant salary premium in the US compared to Australia and the UK Source: Indeed Hiring Lab Salary Comparison (Figures in 2014 PPP $) Java developer Cashier United Kingdom Australia United States
  52. 1 2 3 4 5 6 7 8 9 10 Japan United Kingdom Russia Canada Australia United States Brazil France Netherlands Germany Salary transparency varies widely across countries In Japan, 91.3% of job postings contain salary information. In Germany it’s closer to 2%. Rank Country Source: Indeed Hiring Lab 91.30% 63.72% 40.90% 21.01% 17.73% 15.15% 13.61% 11.31% 4.05% 1.99% Share of job postings that disclose salary information, by country
  53. Daily 4.2% 2.1% 0.7% 4.3% 2.1% 5.0% 3.8% 0.1% 2.3% 2.8% 2.7% Globally, 33% of salary postings are given in hourly rates and 32% are given in monthly rates. Hourly 18.8% 1.8% 70.2% 58.9% 25.6% 17.7% 57.5% 29.8% 0.3% 49.9% 33.0% Monthly 0.8% 91.1% 1.4% 12.6% 26.5% 0.2% 30.6% 64.6% 86.7% 3.6% 31.8% Weekly 2.4% 3.2% 1.8% 14.9% 1.4% 1.2% 0.0% 0.1% 1.8% 6.7% 3.3% Yearly 73.9% 1.8% 26.0% 9.3% 44.4% 75.9% 8.2% 5.4% 8.9% 37.0% 29.1% MAX 73.9% 91.1% 70.2% 58.9% 44.4% 75.9% 57.5% 64.6% 86.7% 49.9% 33.0% Most common Yearly Monthly Hourly Hourly Yearly Yearly Hourly Monthly Monthly Hourly Hourly Source: Indeed Hiring Lab As a share of all postings with salary disclosed (July ‘14 to July ‘15) Australia Brazil Canada Germany France UK Japan Netherlands Russia US Average
  54. Big Markets and Players 3
  55. China’s economy
  56. Source: World Bank WDI In 1990, China was the world’s 11th largest economy. Twenty-five years later, it is second only to the US. 20 15 10 5 0 World’s 12 largest economies 2014 ($ in trillions) United States China Japan Germany BrazilUnited Kingdom France AustraliaItaly India Russian Federation Canada
  57. The composition of the economy has changed in that time. In 2000, Agriculture made up 50% of China’s employment. By 2010, industry was the biggest employer and services were on the rise. Source: World Bank WDI 40.6% 22.9% 36.5% World average 1994 IndustryServices Agriculture 24.2% 45.1% 30.7% World average 2010
  58. But there have been dramatic changes in the last half decade— industrial output growth in China is now less than half of its 2010 levels National Statistical Agency, Haver Industrial Production in China, % change year over year 20 4 0 2 8 16 14 10 Jan 09 6 12 18 Jan 10 Jan 11 Jan 12 Jan 13 Jan 14 Jan 15
  59. China’s shrinking manufacturing sector and stock market woes caused alarm among governments and investors in early 2016. Meanwhile, overall economic growth slowed to its lowest rate in 25 years. Will China successfully pull off its transition to a more service-based economy? Or is the era of Chinese expansion over? If the latter, economies all over the world will feel the affects. Where China is headed next...
  60. The oil industry
  61. In July 2015, the value of oil was more than double its value at the start of 2016 Source: Nasdaq Mar 2015 May 2015 Jul 2015 Sep 2015 Nov 2015 Jan 2016 End of day futures price quotes for crude oil WTI (NYMEX) 70 55 50 25 65 60 45 40 35 29.42
  62. 8.2% 16kEmployment in the industry has declined by Source: BLS Jobs lost in the past two years What’s the effect of this price drop on oil and gas jobs?
  63. Oil job postings started to drop in June 2014 and job search followed six months later. This downward momentum continues today. Source: Indeed Hiring Lab Searches Postings 25 0 -75 7/1/20144/1/2014 10/1/2014 1/1/2015 4/12/015 7/1/2015 10/1/2015 -25 -50
  64. The price of oil may not yet have hit the bottom yet. According to some analysts it could fall further, placing more pressure on the economies of major producers such as Saudi Arabia and Russia. Meanwhile, researchers at Harvard, MIT and Cambridge are working on long-life batteries that could in the near future reduce reliance on fossil fuels and transform the face of transport. Whatever happens, the oil market has many more surprises in store for us... The Future of Oil?
  65. Startups and productivity
  66. A start-up world? Today, new companies are a primary source of job creation in the US Source: BLS and Kauffman Foundation Relationship Between Startups and Employment Growth 40 30 20 20 0 1.50 3 4.5 6 Employment growth Kauffmanrank There is a strong correlation of -0.41 between the Kauffman Rank for startup activity and employment growth across the top 40 metro areas in the US
  67. But it’s no magic bullet. Overall, the “startup share” of all US jobs has declined since 1990. Source: US Census Bureau 1 year or less (firm age) 5 year or less (firm age) 20% 18% 12% 19951990 2000 2005 2010 -16% 14% 50% 45% 30% 40% 35% Startup Decline (%)
  68. And this could be contributing to low productivity rates. Currently hovering at 2.1%, we have not yet returned to the pre-recession level of 2.6% Source: The Conference Board 1996-2006 average 2014 3.0% 2.25% 1.5% .75% 0% 2.6% 2.1%
  69. “Startups create jobs while also allowing new technology and innovation, which supports productivity growth. So, lower startup activity may explain recent weak unemployment and productivity growth numbers. An improved startup environment could help boost those figures and overall global economic health as well. Without a rebound in startup creation, we may face lower economic growth in the future.” Tara M. Sinclair, PhD Indeed Chief Economist
  70. Tech talent everywhere
  71. 1. London 2. Bangalore 3. Beijing 4. Madrid 5. New York 6. Lisbon 7. Pune 8. Chennai 9. Hyderabad The cities with the highest concentration of Java job postings can help us identify the world’s tech hubs 10. Shanghai 11. Milano 12. Mumbai 13. Roma 14. Paris 15. Krakow 16. Delhi 17. Warsaw 18. Barcelona 19. Münich 20. Atlanta 21. Sao Paulo 22. Chicago 23. Moscow 24. San Francisco 25. Delhi Worldwide ranking of cities by Java job postings Source: Indeed Hiring Lab
  72. Software Products 25% 17% 8% 7% 7% 5% 5% 4% 3% 20% Web Services / Internet Finance / Banking Consulting Media / Advertising / Entertainment and Gaming Health / Biotech / Science Education / Academia / Research Telecommunications Government Other Source: Stack Overflow Developer Survey 2015 Most software developers don’t work in software firms
  73. Tech jobs are the most widely spread across industries Education, training and library Healthcare support Healthcare practitioners and technical Food preparation and serving related Protective service Sales and related Construction and extraction Production Community and social service Farming, fishing, and forestry Legal Arts, design entertainment, sports and media Architecture and engineering Life, physical, and social science Building and grounds cleaning and maintenance Transportation and material moving Installation, maintenance, and repair Business and financial operations Office and administrative support Management Computer and mathematical Most concentratedLeast concentrated Source: BLS, special tabulation of May 2012 Occupational Employment Statistics
  74. All kinds of jobs now require a high-degree of tech literacy, including this Operations Manager, Supply Chain Location: Kensington, Australia • Experience working in a highly complex, technical environment such as a consumer electronics company • Experience working independently and part of geographically dispersed organization • Knowledge and experience with use of a major ERP system such as Oracle, Agile, etc. • Profit and Loss Responsibilities • Experience in Lean Manufacturing and Change Management
  75. And this: Dental Assistant Location: Ann Arbor, MI • Be team oriented and have a tremendous positive attitude • Possess great customer service skills • Have a strong work ethic • X-Ray certified • Knowledge of Dentrix Dental Software • Can work a Cerec machine
  76. And this: Maitre’d Location: New York, NY • Take ownership of the room • Be fabulous, be present, be friendly, be there for the staff • Knowledge of Oracle MICROS required • Knowledge of OpenTable and 7 Rooms preferred
  77. The Future of Work 4
  78. The future of job search
  79. Job search then... For most jobs, you had to have a copy of the local newspaper to find jobs in a given location There was no easy way to compare all job listings Job seekers had little control
  80. Job search now... Job seekers can search any time for jobs in any industry, in any location Easy to compare all your options and opportunities Search and apply from your mobile phone Job seekers are increasingly in the driver’s seat
  81. All countries around the world, 70% of the labor force is actively looking or open to a new job Source: Harris poll on behalf of Indeed (Base=Employed or not employed but looking, n=10,041)
  82. US Australia UK Netherlands France Germany Worldwide average And most of that job search happens online. In fact, the global average for online job search is 71% Source: Harris poll on behalf of Indeed (Base=Employed or not employed but looking, n=2,363) 68% 74% 70% 75% 66% 74% 71% Country % of those hired who looked online
  83. The rise of online job search makes it much easier to look abroad for work 8% of job seekers search outside of their country’s borders Source: Indeed Hiring Lab Globally,
  84. 40.3% 59.5% of job seekers were using mobile devices The majority of search today happens on mobile devices. Today’s job seekers can look for opportunities on the go and at any time of the day: of job seekers Source: Indeed Hiring Lab In 2013, In 2016, that rate jumped to
  85. Preferences for mobile job search vary from 88% in South Korea to 29% in Poland Source: Indeed Hiring Lab 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 South Korea Taiwan Japan Sweden Norway Hong Kong Thailand Indonesia Denmark Vietnam Turkey Singapore Malaysia Bahrain United Kingdom Ireland Mexico Saudi Arabia 87.9% 84.2% 81.3% 79.4% 76.6% 76.5% 76.3% 74.8% 72.5% 71.0% 67.8% 66.2% 65.9% 65.2% 64.3% 64.3% 63.5% 63.4% 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 Israel Australia Brazil Netherlands Kuwait Luxembourg United States Finland Chile South Africa Italy India Switzerland Germany New Zealand Austria Oman Philippines 63.3% 60.5% 60.4% 59.7% 59.4% 58.5% 58.2% 57.9% 57.9% 55.7% 55.4% 55.2% 55.1% 54.4% 54.1% 53.0% 52.1% 51.5 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 Colombia Argentina United Arab Emirates Canada Qatar France Portugal Romania Greece Belgium Czech Republic Russia Peru Pakistan Hungary China Venezuela Poland 50.3% 50.2% 50.1% 49.7% 46.7% 44.7% 44.3% 43.5% 42.4% 41.1% 40.9% 40.2% 40.0% 39.5% 39.4% 38.7% 33.4% 29.1%
  86. The Future of Talent Attraction
  87. Employers were reactive, posting job openings as vacancies arose Recruiting then Pay-per-post advertising was king— and the price didn’t change, regardless of whether it was successful or not The hunt for talent was scattershot and unpredictable—cold-calling candidates, anyone? Savvy employers are both strategic and proactive— anticipating talent needs to fill positions quickly Recruiting now Employers promote their brand to sell themselves to the best and most active job seekers Talent retention is as important as talent attraction—today’s best companies take steps to build career paths and opportunities for employees
  88. In their own words, here’s how employers think about these changes:
  89. “We hire the person not the position. So we’re looking for people who are leaders, people who are innovative, people who are strategic thinkers. As people come in, everyone is a leader from day one and throughout your career we are looking to really build your skills and growth and as your passions change there are many doors that open across the company.” Scott Isenhart, North America Talent Supply Leader, P&G See the full interview
  90. “As I thought about how we would reimagine recruiting, I realized that we needed to move away from recruiting for jobs, because that time is over. Instead, we focus, for instance, on growing people’s talent and really amplifying and unleashing their super powers. Then we identify the ways in which those super powers can contribute to our company and its mission” Sandy Gould, SVP Talent Acquisition and Development, Yahoo See the full interview
  91. Around the world, people are increasingly active when it comes to job search Source: Harris poll on behalf of Indeed (Base=Employed or not employed but looking, n=2,363) 78% 90% 76% United States 91% Global Average 92% 80% Australia 90% 78% United Kingdom 92% 82% Netherlands 89% 74% France 91% 81% Germany % of new hires in the last year who took an action 6 months prior to current job % of those hired in the past year who took some action to find a job six months prior to their current job who looked online
  92. Pay is still #1, but location and flexible hours are key considerations for over 40% of candidates worldwide Source: Harris poll on behalf of Indeed (Base=Employed or not employed but looking, n=10,041) Top three factors that play a role in a candidate’s decision 64% 44% Global Average 42% 77% 54% United States 51% 64% 51%Australia 50% 60% 43% United Kingdom 41% 61% 42%Netherlands 40% 57% 38%France 38% 64% 42%Germany 40% Pay Location Flexible Hours
  93. The Changing World of Work
  94. Work then... In the 9 to 5 era, where and when you did your work was strictly defined
  95. Work now... Today you could be working at home, in a cafe, or on an airplane—results are what matter most!
  96. The amount of time people spend working is declining. Hours worked Declining from 1990 to 2013 (Percentage) Source: OECD 2000 1750 1500 1250 2250 Russia Italy OECD CanadaJapan Australia UK France Germany 1990 1995 2000 2005 2010 In 1990, OECD countries worked an average of 1880 hours a year. By 2013 this had dropped to an average of 1770.
  97. Source: OECD … which breaks down to an average of 1,770 hours worked per year, or 34 hours a week: 1.6k 1.2k .8k .4k 0 Germany France Australia United Kingdom JapanCanada Italy RussiaOECD Total United States 1.66k 2.0k 1.36k 1.47k 1.67k 1.71k 1.73k 1.73k 1.77k 1.79k 1.98k Hours worked per person annually (2014)
  98. It’s not just the 9 to 5 that’s changing. Today, work-life balance is increasingly important—and some tech employers see this as a way to attract top talent.
  99. In most advanced economies, paid leave is the law, with an average of 19 days PTO and an additional 10 public holidays. In the US, it’s a different story Source: OECD Family Database Days of Paid annual leave (Statutory minimum) France UK Germany Australia 0 5 10 15 20 25 Italy Canada Japan US
  100. 39 21.7 17 17 16 14 14 6 0 UK Italy OECD average Canada France Germany Japan Australia US The OECD average is 17 weeks of paid maternity leave at 78% of average gross earnings. In the US, companies are not obliged to provide any maternity leave Weeks of paid leave Country Source: OECD Family Database 30.9 80 77.5 47.7 100 100 67 40.6 0 Payment rate
  101. “We’ve also been thinking about how we’re going to take time off during the first months of her life. This is a very personal decision, and I’ve decided to take 2 months of paternity leave when our daughter arrives.” However, a new generation of business leaders is driving change in the US. Facebook CEO Mark Zuckerberg took time off after the birth of his first child: Source: Wired Article and LA Times November 2015
  102. “I take a lot of vacation and I'm hoping that certainly sets an example. It is helpful. You often do your best thinking when you're off hiking in some mountain or something. You get a different perspective on things.” Meanwhile Netflix CEO Reed Hastings is a firm believer in the importance of taking time off to recharge: Source: CNBC 11/3/2015
  103. Where this trend will end is anybody’s guess But the battle to attract in-demand talent may make such arrangements more common in cutting-edge sectors of the US economy as employers compete against each other to offer the best package possible
  104. Get more data from our latest report: Labor Market Outlook 2016 indeed.com/hiringlab
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