Tag: job search

But less optimistic about finding new jobs: New York Fed

According to the Federal Reserve Bank of New York’s Center for Microeconomic Data’s Survey of Consumer Expectations, consumers’ expectations for inflation substantially declined in July, but they were less optimistic about their ability to find a new job in the next three months.

Reports revealed that the median inflation expectations for one year ahead fell to 6.2% in July from 6.8% in June. The decline was broad-based across income groups but largest among respondents with annual household incomes of less than $50,000 and no more than a high school education.

Looking at the labor market, median one-year-ahead earnings growth remained unchanged for the seventh consecutive month in July at 3.0%.

Mean unemployment expectations — or the mean probability that the US unemployment rate will be higher one year from now — fell by 0.2 of a percentage point to 40.2% in July.

The mean perceived probability of losing one’s job in the next 12 months declined slightly to 11.8% in July from 11.9% in June. It remained below its pre-pandemic reading of 13.8% in February 2020.

The mean probability of leaving one’s job voluntarily in the next 12 months rose to 19.5% in July from 18.6% in June. The series has moved within a narrow 18.6% to 20.4% range over the past year.

Meanwhile, the mean perceived probability of finding a job in the next three months (if one’s current job was lost) declined to 55.9% in July from 56.8% in June, moving slightly below its trailing 12-month average of 56.5%.

The report draws data from an internet-based survey of a rotating panel of approximately 1,300 household heads.

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Search engines combine forces to accelerate Adzuna’s growth in the US

On Tuesday, 14 June, Adzuna announced their acquisition of the US job search engine Getwork.

The Getwork team, under the leadership of Brad Squibb, will be working alongside the Adzuna team, intending to accelerate Adzuna’s growth in North America.

Getwork links job seekers with vacant roles at North American companies by indexing millions of verified jobs daily directly from tens of thousands of employer career sites.

Adzuna, with headquarters in London, UK, Indianapolis, IN, and Sydney, AU, uses AI-powered technology to match people to jobs. The company has recently launched in Switzerland, Belgium, Spain, and Mexico. Their operations now cover 20 markets globally.

The two companies will operate as independent brands with their own established communities.

Doug Monro, CEO, and Co-founder of Adzuna, comments: “Adzuna acquiring Getwork will help us supercharge our growth in North America. The Getwork team’s stellar reputation for great service and delivery has led them to be trusted by an impressive roster of household name companies in the US. It’s also a great fit as their team and mission are so aligned with ours. The US enterprise market is crying out for strong alternatives to existing offerings and we’re looking forward to combining Adzuna’s marketing expertise, global footprint and programmatic job matching technology with Getwork’s deep industry knowledge and reputation to deliver even better for our customers. The US is the fastest-growing part of our business and this acquisition will accelerate our profitable growth trajectory.”

Brad Squibb, President of Getwork, comments: “Adzuna is a truly global business, operating across 20 countries, which creates an exciting opportunity for us to scale into new markets with the help of a brand that has already paved the way for international expansion. We can’t wait to join Doug and the team on this journey.”

 

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35% of employees leave for more money

Energy business Gazprom Marketing and Trading released the results of its recent survey which have enabled the company to create a profile of the average UK job hunter, discover the most common reasons for moving job, and determined how important company reputation really is.

Findings stated that 60% of respondents look for a new job because they want new challenges and better progression which a bigger motivator than more money (24%). Despite this, the biggest factor for workers accepting their current role was revealed to be an attractive salary (35%). With culture being the third reason employees seek out new roles.

Three quarters of candidates said a company’s reputation is important when looking for a job, which emphasises the importance of employer branding. A staggering 84% of job seekers find a new role within the first six months of beginning their search with almost half (49%) finding one in the first three months.

We’ve heard time and again that the onboarding process is key to retaining staff and the survey revealed that 95% of applicants attend fewer than five interviews during the selection process before securing a new role, while only 5% attend six or more. Employers need to ask themselves if five interviews are too many interviews because remember, while you’re interviewing a potential candidate, so are other employers.

Interestingly, more jobseekers use employer websites directly (57%) than job posting sites (54%), with only 12% working directly with recruiters. Professional networks (40%) and social media (26%) also play a role.

A Resourcing Partner at GM&T commented: “If a business effectively builds its reputation, their dream candidates will soon start knocking on their door. And while this takes time, it’s a worthwhile investment that will ensure relevant, high-quality candidates, while helping to lower an organisation’s recruitment overheads in the long-term too.”

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US truck drivers offered $100k plus bonus

Research conducted by Smart Recruit Online has revealed that teaching assistant is the most searched for job in the UK, with more than 273,000 Google searches completed in the last 12 months. This search spiked in May 2021, likely as this is the last month you can register before the summer.

The top five jobs searched for across the UK include gig economy roles such as cleaner and driver jobs. The UK has seen a significant candidate shortage in these lower-skilled roles which has led to salary inflations and a more competitive and incentivised market. Coupled with the 2020 nationwide furlough scheme which left many out of work, these jobs may have very well seemed like the “easiest” to branch into with little training.

Medical roles such as counsellor and nursing also feature within the top ten, proving that even after the difficulties these professions have encountered during the pandemic, there is still a human interest in these healthcare roles with more than 78,000 Brits searching for each of these jobs in the last year across the UK.

Looking at the different regions of the UK, teaching assistant was the most popular job searched for in England, while in Scotland and Northern Ireland, driver jobs were the most in demand. The research revealed that there were 12,000 searches for driver jobs in Scotland, and just over 3,000 in Northern Ireland. In Wales, moulder jobs were the most searched for, with 10,350 searches in the last year.

A global view

With recent reports suggesting an extreme driver shortage the world over it’s no surprise that ‘driver jobs’ is the top job searched globally with over 1.2 million searches. In the UK, HGV drivers could earn up to £3,400 per month, while in the USA, one company was reported as offering a whopping $100,000 plus bonuses to potential drivers! The top country searching for driving jobs was South Africa, where a driver shortage can be linked to early retirements and lockdown restrictions making it more difficult to be licensed. Searches for driver jobs hit 128,500 in South Africa in the past year.

Engineering jobs make up the top three globally, with both mechanical and engineering jobs seeing close to a million searches per year, with other highly skilled careers such as graphic designer and accountant rounding out the top five with more than 800,000 searches for each. Canadians are searching for accounting jobs the most (54,201 searches), while it’s India that searches for engineering jobs (567,200) the most.

Translator jobs were the most commonly searched for globally, by no less than 33 countries. This job is searched for the most in Central and South America, with 4,400 Brazillians searching for these roles the most in the last year. Second to Brazil is Mexico, where the job was searched for 3,990 times, while both Argentina (1,680) and Chile (600) featured in the top ten searches for this job.

While translator jobs were searched by most countries, it is driver jobs that were searched the most, with more than 336,880 searches from 21 countries.

Back on the continent

In Europe, the UK searched the most for teaching assistants – 273,700 times – and interestingly the UK was the only nation to search for that job title. The second highest search volume was in Switzerland, where chauffeur job searches topped 43,200 and Greece took up the third highest searches for lawyer jobs (28,800).

 

 

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