Field: Global Work Market
- German Job Market Is So Hot That Candidates Are Ghosting Employers
September 20, 2022
Description:
- 56% of recruiters say ghosting by applicants rose last year
- Indeed survey highlights challenges posed by labor shortage
Good workers are in such high demand in Germany that they’re increasingly ghosting prospective employers.
More than half said the trend has strengthened during the last year, with a quarter saying it happens at least once a week and almost one in 10 losing contact with a job seeker every day. Male applicants vanish most frequently.
The figures underscore the severe shortage of skilled labor facing German companies amid a rapidly aging population and pandemic-induced behavioral shifts.
While it’s not unusual for candidates to break off contact before an interview takes place, 53% of recruiters said it’s become common not to hear back after a conversation has happened. Almost one in five say they’ve been ghosted even after a position was accepted, and 7% have experienced no-shows on the first day of work.
Source: Bloomberg
- Walmart takes caution, set to 40,000 seasonal workers this holiday season
Sep 22, 2022
Description:
Walmart is taking a cautious approach to the holiday shopping season, announcing it will hire 40,000 U.S. workers for the holidays, a majority of them seasonal workers.
The job market has slowed but still strong. Employers added 315,000 jobs in August, about what economists had expected, down from an average 487,000 a month over the past year, according to a government report earlier this month.
The jobless rate reached 3.7%, its highest level since February. But it increased for a healthy reason: Hundreds of thousands of people returned to the job market, and some didn’t find work right away, which boosted the government’s count of unemployed people.
Among other companies that have set their holiday plans, UPS plans to hire more than 100,000 workers to help handle the holiday rush this season, in line with the previous two years.
Source: ABC7
- California job market: Layoffs and unemployment rate tick upwards
Sep 20, 2022
Description:
In August, new jobs stood at 20,000, way less than the 60,000 jobs the Golden State averaged in the last year. On the other side of slowing job growth, layoffs are now increasing.
A slowdown in growth was expected, since the state has already recovered more than 97% of the 2.7 million jobs lost during the first months of the pandemic. But layoffs, especially in banking, finance, and technology are ticking up but not spiking. “Across the labor market, California employers try to continue to hold on to workers giving the difficulty. Of course, of finding workers,” said Michael Bernick, a former director of the state’s EDD office.
In fact, there is now a near record 1.3 million California job openings, 150,000 more than the previous month, including the astonishing reality that, once again, more than 400,000 workers quit their jobs.
Source: KTVU FOX2
- Job fair in London highlights challenges in today’s market
Sep 21, 2022
Description:
With a shortage of workers in certain sectors like the trades, employers are having to get creative and offer incentives to get people to expand their horizons and work jobs outside of their scope.
“There’s definitely a shortage in the workforce for these types of positions, and that’s currently our biggest challenge. Right now, we have more jobs available than people to fill them,” said Jason Robertson of Clintar Commercial Services in London, Ont.
Roberston said the biggest concerns he hears from workers are about hourly wages not being enough. And the economy’s current state limits employers in how much they can help, he said.
Sukhman Bath, of aviation manufacturer Diamond Aircraft, has noticed a reduction in applications for manufacturing labor positions. She believes this is due to the demand for higher-paying jobs.
Source: CBC
- Renewable energy jobs hit 12.7 million globally
Sep 22, 2022
Description:
Worldwide employment in renewable energy reached 12.7 million last year, a jump of 700,000 new jobs in one year, despite the lingering effects of COVID-19 and the growing energy crisis, according to a new report.
The new report was published by the International Renewable Energy Agency (IRENA) in collaboration with the International Labour Organization (ILO), during the Global Clean Energy Action Forum in Pittsburgh, USA.
ILO Director-General, Guy Ryder, said; “Beyond the numbers, there is a growing focus on the quality of jobs and the conditions of work in renewable energies, to ensure decent and productive employment. The increasing share of female employment suggests that dedicated policies and training can significantly enhance the participation of women in renewable energy occupations, inclusion and ultimately, achieve a just transition for all.”
Source: International Labour Organization
Field: Remote Work Market
- Remote Working Statistics You Need to Know in 2022
January 4, 2022
Description:
General stats on remote working
1. Nearly half of employees worked remotely full-time during the pandemic2. The number of employees working remotely prior to the pandemic was 30%, compared to 48% now
3. 48% of employees will keep working at least some of the time after COVID-19 remotely
4. Modern employees would now choose to spend 40% of their time working from home
5. 62% of employees now expect their employers will allow them to work remotely moving forward
Source: Intuition
- Americans are embracing flexible work – and they want more of it
June 23, 2022
Description:
The third edition of McKinsey’s American Opportunity Survey provides us with data on how flexible work fits into the lives of a representative cross-section of workers in the United States. McKinsey worked alongside the market-research firm Ipsos to query 25,000 Americans in spring 2022 (see sidebar, “About the survey”).
The most striking figure to emerge from this research is 58 percent.
That’s the number of Americans who reported having the opportunity to work from home at least one day a week. Thirty-five percent of respondents report having the option to work from home five days a week. What makes these numbers particularly notable is that respondents work in all kinds of jobs, in every part of the country and sector of the economy, including traditionally labeled “blue collar” jobs that might be expected to demand on-site labor as well as “white collar” professions.
Source: mckinsey
- Remote Work Is Sticking
August 18, 2022
Description:
When the pandemic hit in early 2020, many businesses quickly and significantly expanded opportunities for their employees to work from home, resulting in a large increase in the share of work being done remotely. Now, more than two years later, how much work is being done from home? In this post, we update our analysis from last year on the extent of remote work in the region. As has been found by others, we find that some of the increase in remote work that began early in the pandemic is sticking. According to firms responding to our August regional business surveys, about 20 percent of all service work and 7 percent of manufacturing work is now being conducted remotely, well above shares before the pandemic, and firms expect little change in these shares a year from now. While responses were mixed, slightly more firms indicated that remote working had reduced rather than increased productivity. Interestingly, however, the rise in remote work has not led to widespread reductions in the amount of workspace being utilized by businesses in the region.
The amount of remote work in the region increased sharply with the pandemic. Indeed, last year at this time, our surveys suggested that about a third of all service work and just under 10 percent of manufacturing work in the region was being done remotely—a huge jump from 8 percent and 3 percent, respectively, before the pandemic. This month, supplementary questions to the Empire State Manufacturing Survey and Business Leaders Survey followed up by asking firms to estimate the share of their workers conducting at least some work remotely and how many days of the week these workers were typically offsite.
“We estimate the share of work being done remotely by multiplying the percentage of time remote workers telecommuted by the share of workers working remotely for each firm, and then averaging across all firms,” noted in surveys.
Source: libertystreeteconomics
- Who gets to work in the digital economy?
August 04, 2022
Description:
The Covid-19 pandemic shifted the public conversation about remote work. This shift raises the possibility that remote may become commonplace or even the norm for many digital economy jobs, which are loosely defined as jobs using computers to produce digital goods and services. The focus on daily work arrangements may, however, miss an even larger opportunity that the pandemic has unearthed: the possibility of a substantially increased labor pool for digital economy work.
Employees relocating to so-called “rising star” cities like Salt Lake City or Miami is one thing, but people all around the U.S. suddenly realizing that they too can participate in digital economy work is quite another. The societal impact may be profound as the dissolution of geographic barriers unlocks digital economy work opportunities for more people from more places.
For the rise of remote work to have such a broad impact, a shift on both sides of the labor market must take place: Firms must embrace remote work, and the potential labor pool for digital economy work must grow and spread geographically. It’s well known that companies are getting more comfortable with remote work as a result of the pandemic, with some high-profile companies, such as Twitter and Airbnb, offering full-time remote work. More generally, an analysis we conducted of LinkedIn job postings showed that in February 2020, only 2.3% of U.S. paid job postings offered remote work, and those postings attracted 2.9% of all applications submitted during that month. By February 2022, 19.5% of U.S. paid job postings offered remote work and attracted 49.7% of applications.
Source: Harvard business review
- 10 Remote Work-From-Home Jobs that Pay Well
Jul 13, 2022
Description:
The global pandemic has accelerated the work-from-home movement in a big way. More than half of the American workforce was working remotely as of April 2020, according to a survey by freelancing platform Upwork. Before the COVID-19 pandemic, about half of hiring managers hired remote talent. Today that has increased to 94 percent [1].
This is good news for anyone interested in working from home and enjoying the benefits it provides.
In this article, we’ll take a look at ten jobs (many of them with entry-level options) that hire remote employees. These jobs pay well—higher than the national median annual wage of $45,760 —and are projected to be in demand through 2030, according to the US Bureau of Labor Statistics (BLS). You’ll also learn more about the benefits of working from home and some tips for applying to remote jobs.
Source: Coursera
Field: Freelance Market
1. The 2022 Philippines freelance market
August 23, 2022
Description:
The freelance economy in the Philippines has shown rapid growth for the past few years. In Payoneer’s 2019 Global Gig Economy Index, the Philippines placed sixth in the world as the fastest-growing market, with a 35 percent growth in freelance earnings. The pandemic accelerated this trend and increased the ranks of freelancers in 2020-21.
Today, the freelancing lifestyle is here to stay. Many Filipinos, who started freelancing full-time due to the pandemic, have since discovered they enjoy taking advantage of the job flexibility and earning potential from multiple income streams.
Why many still work with local clients, overseas freelancing opportunities continue to grow.
To find out more about Filipino freelancers and the opportunities that lie ahead, GCash and Payoneer surveyed 5,560 GCash users nationwide, which are fully captured in the Philippines Freelancer Market Whitepaper.
Source: blog.payoneer
2. 20 Years Pay Growth Wiped Out – What is Really Going On With the UK Jobs Market And How Will It Impact Freelancers?
Sep 16, 2022
Description:
- Average pay was up by 4.3 per cent in the private sector between October-December 2021 including bonuses – that’s a good sign, but pay rises aren’t matching 2022 inflation. Freelancers are feeling squeezed
- Freelancers must know their market worth and what the going rate is for the types of services they provide to remain competitive and keep afloat financially
- Vacancies hit a high of 1.3 million – why aren’t positions getting filled? Is it “quiet quitting” or something else?
Source: Freelanceinformer
