Social Media Has Reshaped Hiring: Social Media is Used For Job Search
40%
Social media has reshaped hiring, with almost 40% using Facebook, 15% using Instagram and TikTok for job searches and nearly a third using LiveMe. Over 90% of job seekers say a company's social media presence impacts their decision to apply. Employers should engage on social platforms to attract talent and showcase company culture.
3.9%
Willis Towers Watson’s report stated that the labor market is recovering from the pandemic period, U.S. companies plan to trim salaries and intend to rise to 3.9% next year, from a rise of 4.1% this year. The proportion of companies struggling to attract and retain talent dropped 19% to 38% from 57% in 2023. Jobless rates rose to 4.1% last month, while the Federal Reserve aims to balance inflation and employment. WTW's survey included 32,000 responses, with 1,888 from U.S. organizations.
85%
According to DDI, about 85% of HR professionals say that coaching skills will be crucial for leaders in the next three years. However, 40% of front-line leaders feel they receive inadequate coaching, contributing to high turnover. Survey results indicate that organizations with robust coaching cultures are almost three times better at engaging and retaining top talent. Effective coaching boosts leaders' accountability by 2.7 times and improves financial performance by 1.5 times. DDI's survey included over 1,800 HR professionals and nearly 13,700 leaders.
48%
Global labor markets remain robust despite economic uncertainty, according to ManpowerGroup CEO Jonas Prising. A survey of over 40,000 employers reveals a significant increase in AI adoption, with 48% of companies now utilizing the technology, up by 13% from last year. While over half of these businesses expect AI to expand their workforce, 18% anticipate job reductions. Amidst rapid technological change, companies are prioritizing employee retention, upskilling, and acquiring specialized talent to navigate the evolving work landscape.
4%
Nearly all companies have disability-focused resource groups, yet only 4% of employees self-identify as disabled, despite 25% of the workforce having a disability. The 2024 Disability Equality Index found 93% of companies have such groups, a 25% increase since 2015. While 45% now publish disability data, hiring goals dropped to 52% from 60% in 2022.