NAVIGATING �EMPLOYMENT TRENDS A Monster Intelligence briefing

JOANIE COURTNEY SVP Global Market Insights @joaniecourtney

“And there is no trade or employment but the young man following it may become a hero.”

— Walt Whitman 

“And there is no trade or employment but the young man following it may become a hero.”

— Walt Whitman 

temporary assignment

LABOR participation

HELP WANTED GIG

SKILL

FREELANCE

WAGES

Work/Life�BALANCE

$

ECON

OM

Y MILLENNIALS

BABY BOOMERS

shor tage

S T E M ∑

JOB creation

NOW HIRING

10101010101101001010101011011010110101011010100 11010101101010101010110100101010101101101001011

10101010101101001010010111010101010101011011010 11010101101010101011010101010101010011010010101

10101010101101101010010111001010110100101101101 01010110101010101011010010101010110110100101101

00010110101101010101010101010101101001010101011 01010110101010101011010010101010110110100101101

00010110101101010101010101010101101001010101011 10101010101101001010101011011010110101011010110

11010110101110110101010101011010010101010110111

10101010101101001010101011011010110101011010100 11010101101010101010110100101010101101101001011

10101010101101001010010111010101010101011011010 11010101101010101011010101010101010011010010101

10101010101101101010010111001010110100101101101 01010110101010101011010010101010110110100101101

00010110101101010101010101010101101001010101011 01010110101010101011010010101010110110100101101

00010110101101010101010101010101101001010101011 10101010101101001010101011011010110101011010110

11010110101110110101010101011010010101010110111

HOW TO MAKE SENSE OF THE TRENDS AND DATA?

Employment & Economic Data

CURRENT EMPLOYMENT SITUATION: �SEPTEMBER 2015

PRIVATE SECTOR

TOTAL NON-FARM PAYROLL

+118,000

GOVERNMENT

+24,000

+142,000

UNEMPLOYMENT RATE

5.1%

Leisure/hospitality +35K Healthcare +34K Professional/�business services +31K Retail +24K Construction +8K Transportation +4K Manufacturing -9K

TEMPORARY HELP

+5,000

POLLING QUESTION

How many new jobs has the U.S. added in 2015? A.  750K B.  1.8M C.  3.2M D.  Unfortunately, the U.S. hasn’t created any new jobs

CURRENT EMPLOYMENT SITUATION: �YEAR TO DATE

PRIVATE SECTOR

TOTAL NON-FARM PAYROLL

+1.7M

GOVERNMENT

+126K

+1.8M

UNEMPLOYMENT RATE

5.1%

Professional +408K Health Care +350K Retail +277K Leisure/hospitality +273K Construction +121K�Financial activities +105K Transportation +59K Temporary +43K Manufacturing +17K Education +11K

CURRENT EMPLOYMENT SITUATION

5.8M available jobs

7.9M unemployed people in the U.S.

+3.9% GDP IN �Q2 2015

labor participation rate 62.4%

$

157M in the US workforce

September 2015

10101010101101001010101011011010110101011010100 11010101101010101010110100101010101101101001011

10101010101101001010010111010101010101011011010 11010101101010101011010101010101010011010010101

10101010101101101010010111001010110100101101101 01010110101010101011010010101010110110100101101

00010110101101010101010101010101101001010101011 01010110101010101011010010101010110110100101101

00010110101101010101010101010101101001010101011 10101010101101001010101011011010110101011010110

11010110101110110101010101011010010101010110111

10101010101101001010101011011010110101011010100 11010101101010101010110100101010101101101001011

10101010101101001010010111010101010101011011010 11010101101010101011010101010101010011010010101

10101010101101101010010111001010110100101101101 01010110101010101011010010101010110110100101101

00010110101101010101010101010101101001010101011 01010110101010101011010010101010110110100101101

00010110101101010101010101010101101001010101011 10101010101101001010101011011010110101011010110

11010110101110110101010101011010010101010110111

HOW TO MAKE SENSE OF THE TRENDS AND DATA?

2.2%�YoY

WAGE GROWTH FLAT

Source: U.S. Census Bureau, Advanced Monthly Retail Sales

RETAIL SALES DEMONSTRATE MIXED RECOVERY

Source: U.S. Census Bureau, Advanced Monthly Retail Sales

HOME SALES ALSO SHOW MIXED PERFORMANCE

Source: Bureau of Economic Analysis, Personal Consumption Expenditures

POSITIVE GAINS IN CONSUMER SPENDING

Source: Bureau of Economic Analysis, Personal saving as a percentage of disposable personal income

CONSUMER SAVINGS STEADY

Monster �Intelligence

$0 to $30,000

135 Million in 2014 from BLS

WHAT DO PEOPLE EARN?

Percentage of workers �by salary range

41%

$30,000 �to $60,000

39%

$60,000 �to $90,000

13%

$90,000+

7%

$

WHAT SALARY LEVELS GET THE MOST JOBS POSTED?

U.S. posting count

$0 to $30,000

23%

$30,000�to $60,000

36%

$90,000+

10%

unknown

9%

$60,000 �to $90,000

22%

$0 to $30,000

13%

$30,000�to $60,000

36%

$90,000+

12%

unknown

10%

$60,000 �to $90,000

29% Monster posting count

ONLINE JOB POSTINGS OVERVIEW YEAR-TO-DATE�POSTINGS TREND

Postings, Jan to Aug: 2014: 107.3 M 2015: 114.0 M

MONTHLY POSTINGS, LAST FOUR YEARS

6% YoY

Monthly average, �Jan to Aug: 2014: 13.4 M 2015: 14.2 M

6% YoY 2011 2012 2013 2014 2015

0 2 M 4 M 6 M 8 M

10 M 12 M 14 M 16 M 18 M

POLLING QUESTION

Which title has the most job postings in the U.S.? A.  Truck Drivers B.  Customer Service C.  Registered Nurses D.  Application Developers

TOP 10 OCCUPATIONS FOR JOBS

TOP SEARCHES

Source: Monster Internal Data, Most Recent Job Views, March 2015–August 2015.

TOP VIEWED JOBS

Source: Monster Internal Data, Most Recent Job Views, March 2015–August 2015.

DATA SCIENTISTS

SOCIAL MEDIA MARKETERS

THE POWER SHIFT IN

RECRUITMENT

SOCIAL MEDIA IS A DOMINANT FACTOR

2Jobvite.com

65%

Recruiters currently using Facebook during their

recruiting process2

73%

Recruiters planning to invest more in social recruiting2

Source: Monster Loyalty Survey, November 2014; Note: Surveyed representative sample of adults who work full-time.

SOCIAL MEDIA JOB SEARCH�

52%

Occasionally review job �listings on social media sites for

potential employment opportunities

53%

Occasionally network on social media sites for potential employment opportunities

Source: Monster Loyalty Survey, November 2014; Note: Surveyed representative sample of adults who work full-time.

WOULD CONSIDER AN OPPORTUNITY FROM…

24% 29%

41% 44% 46% 46%

49% 50%

54% 65%

Job Seekers Building Trust In Social Media

24% 29%

41% 44% 46% 46%

49% 50%

54% 65% Friend or relative

Call from a job recruiter

Job ad on a job board/site

Company-sponsored social event

Industry publication that lists new jobs

Trade show or industry conference

Job ad on LinkedIn

Email offering a job description

Job ad on Facebook

Job ad on Twitter

JOB SEEKING IS A 24/7 ACTIVITY

1 Glassdoor Survey, 2014 2 Monster Internal Data 2015

of candidates are likely to use social media in their job search1 79%

70% of candidates are using their mobile device to find jobs2

Twitter has nearly 315M+ monthly active users

500M tweets per day

On average, over 60K jobs are tweeted each day

35M mentions of “Job Search” related keywords

80% of users access Twitter on mobile

Drive engagement with a targeted audience

Reaches diverse audience; millennials, business leaders, influencers Source: Monster Internal Data, 2015; Twitter, 2015

What’s Next?

ON DEMAND ECONOMY

ON DEMAND ECONOMY

Workers on Tap?

EMPLOYERS

EMPLOYEES

Benefits and insurance?

Jobs for blue to white collar

FLEXIBLE But what about �down time? JOB

SECURITY?

Wages that are driven down by

supply/demand?

REQUIRED SCALE?

Minimize salary, insurance and benefit costs

INCREASING REGULATIONS?

Hire specific skills �when needed

But what about employee consistency and commitment? SCHEDULE

7.6 million

McKinsey Global Institute 

people who are inactive or part-time could work additional hours through freelance platforms

200 million

on-demand labor force

by 2020

ROBOTS

The Wall Street Journal, “Meet the New Generation Robots for Manufacturing,” February 2015.

ROBOT DENSITY

30

152

282

323

437

Industrial robots per 10,000 manufacturing employees

South Korea

Japan

Germany

U.S.

China

Auto parts

35%

Auto

29%

Food

Life �sciences

6%

Other

Metals

29% Robot orders in the U.S. �

in 2014 by industry

Semi-�conductors

Plastics/�rubber

AT WORK IN AMERICA

The Wall Street Journal, “Meet the New Generation Robots for Manufacturing,” February 2015.

16% OF U.S. JOBS COULD BE AUTOMATED BY 2025

Forrester Research, 8/2015.

GENERATIONS IN THE WORKPLACE

POLLING QUESTION

Which generation makes up the majority of today’s workforce? A.  Baby boomers B.  Generation X C.  Millennials D.  Generation Z

Source: Bureau of Labor Statistics Employment Projections

2005 31%

21%

38%

22%

45%

23%

25% Millennials

Generation X

Baby Boomers

2010

Source: Bureau of Labor Statistics Employment Projections

31%

21%

38%

22%

36% Millennials

Generation X

Baby Boomers

2015

Source: Bureau of Labor Statistics Employment Projections

31%

21%

45% Millennials

Generation X

Baby Boomers

GENERATION Z 80 MILLION

US Census

WHAT MOTIVATES MILLENNIALS �

1http://business.time.com/2012/03/29/millennials-vs-baby-boomers-who-would-you-rather-hire; 2http://www.pwc.com/en_M1/m1/services/consulting/documents/ millennials-at-work.pdf; 3Brookings.edu “How Millennials Could Upend Wall Street and Corporate America” May 2014

“Loving what I do” is among the top options for job desirability, outranking salaries and big bonuses.1

65% said the opportunity for personal development was the most influential factor in accepting their current job.2

Almost two thirds of Millennials said they would rather make $40K �a year at a job they love than $100K a year at a job they think is boring.3

Source: Monster College Student/Graduate Survey, April 2015 1Male college graduates strongly prioritize salary level compared to college students and female college graduates

DEGREE OF HAPPINESS

PEACE �OF MIND

RESTFUL�SLEEP

JOB SECURITY

LOVE/�RELATIONSHIPS

33%

51%

30%

41%

16%

31%

College student College graduate

SALARY �LEVEL1

10101010101101001010101011011010110101011010100 11010101101010101010110100101010101101101001011

10101010101101001010010111010101010101011011010 11010101101010101011010101010101010011010010101

10101010101101101010010111001010110100101101101 01010110101010101011010010101010110110100101101

00010110101101010101010101010101101001010101011 01010110101010101011010010101010110110100101101

00010110101101010101010101010101101001010101011 10101010101101001010101011011010110101011010110

11010110101110110101010101011010010101010110111

10101010101101001010101011011010110101011010100 11010101101010101010110100101010101101101001011

10101010101101001010010111010101010101011011010 11010101101010101011010101010101010011010010101

10101010101101101010010111001010110100101101101 01010110101010101011010010101010110110100101101

00010110101101010101010101010101101001010101011 01010110101010101011010010101010110110100101101

00010110101101010101010101010101101001010101011 10101010101101001010101011011010110101011010110

11010110101110110101010101011010010101010110111

HOW TO MAKE SENSE OF THE TRENDS AND DATA?

“Choose a job you love, and you will never have to work a day in your life.”

— Confucius 

52

THANK YOU