top 10 employment trends for 2014 - dan schawbel

#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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