Global Labor Trends 2016

Global Labor Trends 2016

indeed.com/hiringlab

4

Table of

Contents

Labor Market Snapshot 2016

Global Hiring Outlook

a. Overview

b. Migration

c. Education

d. New forms of work

Big Players and Markets

a. China’s economy

b. The oil industry

c. Startups and productivity

d. Tech talent everywhere

The Future of Work

a. Job search

b. Talent attraction

c. The world of work

1

2

3

Labor Market Snapshot 2016

1

Worldwide, employment is changing:

Agriculture is in decline while service jobs are multiplying

Source: World Bank WDI (employment in services, industry and agriculture)

40.6%

22.9%

36.5%

World average 1994

IndustryServices Agriculture

24.2%

45.1%

30.7%

World average 2010

Here’s how that looks for the world’s 12 largest economies:


Australia Brazil

1994

22.5%

65%

1994

54%

20%

26%

2010

22%

62%

5%

2010

21%

68%3%

16%

IndustryServices Agriculture Uncategorized



China

1994

27.5%22.5%

50%

United States

2010

35.7%29.5%

34.8%

1994

72.8%

24.3%

2.9%

2010

17.2%

81.2%

1.6%



UK Japan

1994

70%

2010

79%

1994

60%

34%

6%

28%19%


2%

1%

2010

79%

25%

4%



Germany France

1994

37%

60%

1994

68%

27%

5%

2010

22%

74%

3%



3%

2010

29%

70%2%


Italy India



1994

34%

59%

1994

61%

22%

2010

22%

51%

7%

2010

29%

68%

4%

16%27%


Russia Canada



1994

36%48%

16%

2010

28%

64%8%

1994

73%

22%

4%

2010

20%

78%

2%

Despite a dip during the Global Financial Crisis, employment

levels in advanced economies have risen steadily over the last few

decades

Source: IMF WEO April 2015

120

70

80

90

100

110

1980 1989 1995 20162007

Advanced Economy employment declined in 2008-09 but is finally returning to trend (Index 2000 = 100)

Advanced Economy Advanced Economy Trend

But there are fewer workers to go round—the

number of people participating in the workforce declined

from 71% in 1990 to 69% in 2013

Source: World Bank WDI

80

70

60

50

90

1990 20001995 2005 2010

Declining Labor Force Participation Rates (% of total population ages 15-64)

IndiaChina United

States

Russian

FederationWorldUnited

Kingdom

Where have the workers gone? Many have retired.

United

States

Canada IndiaAustralia United

Kingdom

Germany FranceChina Italy Japan Russian

Federation

Brazil

The percentage of the population above the age of 65 grew by an average of 26% between 2000 and 2014 (% of total)


30

0

25

20

15

10

5

1980 1989 1995 20162007

People who gave up trying to

find a job during the financial

crisis are not returning to the

workforce, even as more jobs

become available.

Middle tier jobs are

disappearing. These roles

are traditionally seen as

central to the traditional

career ladder

Some jobs aren’t very

attractive (low wage, low

skill), so not enough people

are applying to do them

Fallout from the

recession

Other factors are also contributing to declining workforce participation:

Polarization of the

Labor Market

Lack of

Incentive

2.6%

Productivity growth

averaged

from 1996 to 2006

As a result, productivity growth is stalling

2.1%

In 2014 it got worse:

averaging a meager

Source: The Conference Board

The Global Hiring Outlook

2

2009

Worldwide, employers report difficulty hiring:

Source: ManpowerGroup 2015 Talent Shortage Survey

38

30

32

34

36

Between 2009 and 2015, the share of employers reporting difficulty filling jobs rose by 27%

(% of employers reporting difficulty filling jobs)

20102011 2012 2013 2014 2015

Cook

2

1.5

1

0.5

0

Source: Indeed Hiring Lab

NurseSoftware Engineer Teacher

In several in-demand professions, there just aren’t enough

people with the right skills looking for jobs

Mismatch for select jobs titles by region (Ratio of the share of job seeker interest to share of job postings 09/2015)

AMER APAC EMEA Equilibrium

Young people aren’t learning the tech skills needed at work

Group 4 – good ICT

and PS skills

Group 3 – moderate ICT

and PS skills

Distribution of Information and Technologies Skills

Source: OECD Education at a Glance 2014

Russian

FederationUnited

States

Germany England/

N. IrelandJapan AustraliaCanada

100%

75%

50%

25%

0%

On average, 61% of people age 25-64 in advanced economies have

“good or moderate” IT and problem solving skills.

Group 2 –

minimal ICT skills

Group 1– lack of

readiness = opted out of

computer-based asses

Group 0 –

no use, no skills

50

42

34

26

18

Source: ManpowerGroup 2015 Talent Shortage Survey

AmericasAsia Pacific EMEA

The lack of technical competencies in the labor

force has different effects for different markets

2014 2015

Lack of technical competencies - hard skills (%)

In EMEA countries, 43% of employers report a lack of hard skills in the workforce. In the US, it’s 24%.

1

2

3

4

5

6

7

8

9

10

11

12

US

Germany

Canada

France

UK

Australia

Japan

India

Italy

Brazil

Russia

China

The talent gap is felt most

acutely in the US and

Germany where 26% and

20% of positions are still

open after 60 days,

respectively.

Rank Country


25.84%

20.00%

18.70%

16.07%

13.09%

11.66%

11.12%

10.22%

9.28%

7.02%

1.84%

1.42%

Share > 60 days

Jobs are open the longest in the US and Germany

(Share of job postings on Indeed open for >60 days)

1

2

3

4

5

6

7

8

9

10

11

12

Brazil

Japan

Italy

UK

Germany

France

Russia

US

Australia

China

Canada

India

And everywhere you

look, software

engineers are in short

supply

Rank Country


Difficulty hiring software engineers, by country

(Ranking based on share or postings to share of job seeker clicks)

Migration

4.3 million permanent migrants entered OECD countries, 2006-2014 (millions)

In 2014, migration rates to advanced economies began

returning to pre-recession levels:

Source: OECD International Migration Outlook 2015

5.0

4.5

4.0

3.5

3.0

Today’s global job seeker

is well-informed about

which occupations and

locations offer the best

employment opportunities.

Linguistic and cultural

factors play a key role in

where people search.


The top three sources of job searches

for the 12 largest economies

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

20


Indeed Net Interest Score

Not all countries are

equal when it comes

to attracting or

retaining talent

The Indeed Net Interest Score

combines interest from job

seekers within and outside of a

country to measure the

country’s overall desirability.

Market

Russia

United Arab Emirates

Brazil

Switzerland

Indonesia

Qatar

United States

South Africa

Luxembourg

Japan

Chile

Kuwait

United Kingdom

Mexico

Bahrain

India

Singapore

Spain

Peru

Canada

0.658

0.434

0.403

0.305

0.298

0.283

0.283

0.268

0.263

0.251

0.219

0.156

0.156

0.130

0.122

0.106

0.075

0.056

0.054

0.051

Score

It may seem counterintuitive that countries

currently facing tough economic times such

as Russia and Brazil are attracting so much

interest from abroad. But it is important to

note that these markets are still doing better

than most of their neighboring countries.

A lack of job opportunities in the area is

causing interest to rise in these regional

hubs. At the same time, poor economic

conditions give little incentive for workers in

Russia and Brazil to search for jobs in

neighboring countries—which matters

because much of international migration still

involves workers moving to nearby countries

for work.

6% 9%of all workers look abroad for work

Tech talent more likely than the average candidate

to look for work abroad

of tech workers look abroad for work


In the 12 largest economies,

1

2

3

4

5

6

7

8

9

10

11

12

US

France

Canada

China

India

Italy

Australia

Japan

Germany

Russia

United Kingdom

Brazil

The US, France and

Canada are attracting the

most searches for “Java”

jobs—a signal that

developers are most

interested in those locations.

Rank


Country

Ranking of Top 12 Economies

By Inbound Java Search

Education

60%

45%

30%

15%

0%United States

8 country

average

Germany Italy CanadaJapan France Australia United

Kingdom

Education rates are rising around the world

Tertiary education rose nearly 10 percentage points between 2000 and 2012 in these eight major

economies. In 2000, an average of 28% of adults had tertiary education. By 2012 the average was 37%

Source: OECD 2014

2000 2012

… but more education does not always lead to lower unemployment

Source: World Bank, The Global Talent Competitiveness Index

For instance, employment in agriculture in India is 47% compared to 3% and 4% in 3% in France and 4%

in Italy. Meanwhile services make up 28% of employment in India versus 75% in France and 69% in Italy.

Different labor markets require radically different areas of expertise.

When it comes to education, one size does not fit all

100%

75%

50%

25%

0%

ItalyFranceIndia

Services Agriculture


Meanwhile, even in advanced economies, large parts of the

workforce may not be developing the skills required to

compete in the 21st century

Over 35% of OECD youth are receiving no computer experience at work.

Source: OECD Skills Outlook 2015

60

50

40

30

20

AustraliaUnited

Kingdom

Japan OECD

average

GermanyCanada France ItalyUnited

States

Youth with no computer experience at work (% of youth)

In response, many employers are taking a

hands-on interest in education

61%

In the US, 61% of employers offer some form

of undergraduate tuition reimbursement

Source: Society for Human Resource Management

And, there are types of education that may actually be more

effective when it comes to landing a job

75%

of coding bootcamp graduates report going to work in

a job that required the skills they learned in their

course

Source: Course Report

New Forms of Work

Is the 9 to 5 becoming a historical relic? Between 2013 and

2015, interest in flexible work increased by 42% in 9 out of 12

countries studied


“Flexible” doesn’t just

mean low paid, low skill

work any more.

Today, it’s professionals

from in-demand

occupations who are

most likely to be

searching for work that

allows them to set their

own schedule


Occupations most likely to receive interest for remote work

But not every country is equally “flexible”—in fact styles of

work arrangement vary widely across countries


97.4%

97.2%

94.8%

74.6%

China

Thailand

India

97%

Full Time

Philippines

Indonesia

94%

Global Average

27.5%

Part Time

Japan

Korea

Poland

38.5%

31.1%

Denmark

26.4%

Sweden

26.2%

Global Average

7%

Temporary

Italy

Luxembourg

France

45.9%

41.9%

40.7%

Belgium

33.8%

Australia

32.3%

Global Average

13.9%

Part-time work is most common in Japan and Korea while temporary

work is easiest to find in Italy and other European countries

The rise of Uber and similarly disruptive services has coincided

with an exponential increase in searches for gig employment

over the last two years

2013-01 2013-07 2014-01 2014-07 2015-01 2015-07

Searches for “gig” jobs as a share of all job searches


0

Even so, the gig economy isn’t showing up in traditional models

of employment data in the US

In fact, the number of self employed and multiple jobholders has been declining in the US, despite overall employment growth.

Source: Federal Reserve Bank of St. Louis

As for Europe, the share of self-employed and multiple

jobholders is stagnant—or even in decline

Source: Eurostat

However, a 2015 Indeed

survey found that 30% of

full time workers do

some kind of

moonlighting on the side.

So perhaps it depends

what question you ask.

Source: Censuswide, Indeed

30%

Globally, wage growth

continues to lag.

In fact, from 2011 to

2014, wages increased

by a (meager) average of

0.5% globally

Source: OECD 2015

Change in average wages from 2011-2014

Canada

Sw

itzerla

nd

Sw

eden

Isra

el

Belg

ium

Pola

nd

Irela

nd

Avera

ge

Mexic

o

Czech R

epublic

Fin

land

Italy

Hungary

Port

ugal

10%

5%

0

-5%

-10%

0.5%

Across the globe the share of wealth held by the top 1% is rising

and the share held by the bottom 90% is declining

Top 1% and Bottom 90% Wealth Distribution

1980 2010

0.4

0.3

0.2

0.1

FranceSweden Europe

United

Kingdom

United

States

0

Top 1%

0.5

0.4

0.3

0.2

FranceSweden Europe

United

Kingdom

United

States

0.1

Bottom 90%

Source: Piketty 2014 and IMF staff calculations

High Skill, High

Wage Jobs

Low Skill, Low Pay

Service Jobs

Blue Collar Working

Class Jobs

One cause of this inequality is that high- and low-wage jobs are

both growing while middle-wage jobs are dropping out

How do salaries for cashiers compare to salaries for

Java developers in three key economies?

Case study:

Comparing salaries in high- and low-skill jobs

Cashier Java developer

Everywhere you look the

salary gap between high and

low skill work is

pronounced—but in some

countries it’s bigger than

others.

In the UK, cashiers can

make over 40% of a Java

developer’s salary.

In the US, the divide is

far greater—it’s 20%


80%

60%

40%

20%

0%

100%

United

KingdomUnited

StatesAustralia

Cashier salaries as a share of Java

Developer salaries (July 2015)

Cashier

salary

80k

60k

40k

20k

0

100k

120k

While cashiers make around 20k in all 3 countries, Java

developers have a significant salary premium in the US

compared to Australia and the UK


Salary Comparison (Figures in 2014 PPP $)

Java developer Cashier

United

Kingdom

Australia United

States

1

2

3

4

5

6

7

8

9

10

Japan

United Kingdom

Russia

Canada

Australia

United States

Brazil

France

Netherlands

Germany

Salary transparency varies

widely across countries

In Japan, 91.3% of job

postings contain salary

information. In Germany it’s

closer to 2%.

Rank Country


91.30%

63.72%

40.90%

21.01%

17.73%

15.15%

13.61%

11.31%

4.05%

1.99%

Share of job postings that disclose salary information,

by country

Daily

4.2%

2.1%

0.7%

4.3%

2.1%

5.0%

3.8%

0.1%

2.3%

2.8%

2.7%

Globally, 33% of salary postings are given in hourly

rates and 32% are given in monthly rates.

Hourly

18.8%

1.8%

70.2%

58.9%

25.6%

17.7%

57.5%

29.8%

0.3%

49.9%

33.0%

Monthly

0.8%

91.1%

1.4%

12.6%

26.5%

0.2%

30.6%

64.6%

86.7%

3.6%

31.8%

Weekly

2.4%

3.2%

1.8%

14.9%

1.4%

1.2%

0.0%

0.1%

1.8%

6.7%

3.3%

Yearly

73.9%

1.8%

26.0%

9.3%

44.4%

75.9%

8.2%

5.4%

8.9%

37.0%

29.1%

MAX

73.9%

91.1%

70.2%

58.9%

44.4%

75.9%

57.5%

64.6%

86.7%

49.9%

33.0%

Most common

Yearly

Monthly

Hourly

Hourly

Yearly

Yearly

Hourly

Monthly

Monthly

Hourly

Hourly


As a share of all postings with salary disclosed (July ‘14 to July ‘15)

Australia

Brazil

Canada

Germany

France

UK

Japan

Netherlands

Russia

US

Average

Big Markets and Players

3

China’s economy


In 1990, China was the world’s 11th largest economy.

Twenty-five years later, it is second only to the US.

20

15

10

5

0

World’s 12 largest economies 2014 ($ in trillions)

United

States

China Japan Germany BrazilUnited

Kingdom

France AustraliaItaly India Russian

Federation

Canada

The composition of the economy has changed in that time. In 2000,

Agriculture made up 50% of China’s employment. By 2010, industry

was the biggest employer and services were on the rise.


40.6%

22.9%

36.5%

World average 1994

IndustryServices Agriculture

24.2%

45.1%

30.7%

World average 2010

But there have been

dramatic changes in the

last half decade—

industrial output growth in

China is now less than half

of its 2010 levels

National Statistical Agency, Haver

Industrial Production in China, % change year over year

20

4

0

2

8

16

14

10

Jan

09

6

12

18

Jan

10

Jan

11

Jan

12

Jan

13

Jan

14

Jan

15

China’s shrinking manufacturing sector and stock market woes caused alarm

among governments and investors in early 2016. Meanwhile, overall

economic growth slowed to its lowest rate in 25 years.

Will China successfully pull off its transition to a more service-based

economy? Or is the era of Chinese expansion over? If the latter, economies

all over the world will feel the affects.

Where China is headed next...

The oil industry

In July 2015, the value of oil was more

than double its value at the start of 2016

Source: Nasdaq

Mar 2015 May 2015 Jul 2015 Sep 2015 Nov 2015 Jan 2016

End of day futures price quotes for crude oil WTI (NYMEX)

70

55

50

25

65

60

45

40

35

29.42

http://www.nasdaq.com/markets/crude-oil.aspx?timeframe=1y

8.2%

16kEmployment in the

industry has declined by

Source: BLS

Jobs lost in the past

two years

What’s the effect of this price drop on oil and gas jobs?

Oil job postings started to drop in June 2014 and job

search followed six months later. This downward

momentum continues today.


Searches Postings

25

0

-75

7/1/20144/1/2014 10/1/2014 1/1/2015 4/12/015 7/1/2015 10/1/2015

-25

-50

The price of oil may not yet have hit the bottom yet. According to some analysts it could fall further,

placing more pressure on the economies of major producers such as Saudi Arabia and Russia.

Meanwhile, researchers at Harvard, MIT and Cambridge are working on long-life batteries that could in

the near future reduce reliance on fossil fuels and transform the face of transport.

Whatever happens, the oil market has many more surprises in store for us...

The Future of Oil?

Startups and productivity

A start-up world? Today, new companies are a primary

source of job creation in the US

Source: BLS and Kauffman Foundation

Relationship Between Startups and Employment Growth

40

30

20

20

01.50 3 4.5 6

Employment growth

Ka

uff

ma

n r

an

k

There is a strong correlation of -0.41 between the Kauffman Rank for startup activity

and employment growth across the top 40 metro areas in the US

But it’s no magic bullet. Overall, the “startup share”

of all US jobs has declined since 1990.

Source: US Census Bureau

1 year or less (firm age) 5 year or less (firm age)

20%

18%

12%

19951990 2000 2005 2010

-16%

14%

50%

45%

30%

40%

35%

Startup Decline (%)

And this could be contributing to low productivity rates.

Currently hovering at 2.1%, we have not yet returned

to the pre-recession level of 2.6%

Source: The Conference Board

1996-2006 average 2014

3.0%

2.25%

1.5%

.75%

0%

2.6%

2.1%

“Startups create jobs while also allowing new

technology and innovation, which supports

productivity growth. So, lower startup activity

may explain recent weak unemployment and

productivity growth numbers. An improved

startup environment could help boost those

figures and overall global economic health as

well. Without a rebound in startup creation, we

may face lower economic growth in the future.”

Tara M. Sinclair, PhD

Indeed Chief Economist

Tech talent everywhere

1. London

2. Bangalore

3. Beijing

4. Madrid

5. New York

6. Lisbon

7. Pune

8. Chennai

9. Hyderabad

The cities with the highest concentration of Java job postings

can help us identify the world’s tech hubs

10. Shanghai

11. Milano

12. Mumbai

13. Roma

14. Paris

15. Krakow

16. Delhi

17. Warsaw

18. Barcelona

19. Münich

20. Atlanta

21. Sao Paulo

22. Chicago

23. Moscow

24. San Francisco

25. Delhi

Worldwide ranking of cities by Java job postings


Software Products

25%

17%

8%

7%

7%

5%

5%

4%

3%

20%

Web Services / Internet

Finance / Banking

Consulting

Media / Advertising / Entertainment and Gaming

Health / Biotech / Science

Education / Academia / Research

Telecommunications

Government

Other

Source: Stack Overflow Developer Survey 2015

Most software

developers don’t work

in software firms

Tech jobs are the

most widely spread

across industries

Education, training and library

Healthcare support

Healthcare practitioners and technical

Food preparation and serving related

Protective service

Sales and related

Construction and extraction

Production

Community and social service

Farming, fishing, and forestry

Legal

Arts, design entertainment, sports and media

Architecture and engineering

Life, physical, and social science

Building and grounds cleaning and maintenance

Transportation and material moving

Installation, maintenance, and repair

Business and financial operations

Office and administrative support

Management

Computer and mathematical

Most concentratedLeast concentratedSource: BLS, special tabulation of May 2012 Occupational Employment Statistics

All kinds of jobs now require a high-degree of tech literacy, including this

Operations Manager, Supply Chain

Location: Kensington, Australia

• Experience working in a highly complex, technical environment

such as a consumer electronics company

• Experience working independently and part of geographically dispersed organization

• Knowledge and experience with use of a major ERP system such as Oracle, Agile, etc.

• Profit and Loss Responsibilities

• Experience in Lean Manufacturing and Change Management

And this:

Dental Assistant

Location: Ann Arbor, MI

• Be team oriented and have a tremendous positive attitude

• Possess great customer service skills

• Have a strong work ethic

• X-Ray certified

• Knowledge of Dentrix Dental Software

• Can work a Cerec machine

And this:

Maitre’d

Location: New York, NY

• Take ownership of the room

• Be fabulous, be present, be friendly, be there for the staff

• Knowledge of Oracle MICROS required

• Knowledge of OpenTable and 7 Rooms preferred

The Future of Work

4

The future of job search

Job search then...

For most jobs, you had to have a

copy of the local newspaper to find

jobs in a given location

There was no easy way to

compare all job listings

Job seekers had little control

Job search now...

Job seekers can search any time for

jobs in any industry, in any location

Easy to compare all your options

and opportunities

Search and apply from your

mobile phone

Job seekers are increasingly

in the driver’s seat

All countries around the world,

70%

of the labor force is actively

looking or open to a new job

Source: Harris poll on behalf of Indeed (Base=Employed or not employed but looking, n=10,041)

US

Australia

UK

Netherlands

France

Germany

Worldwide average

And most of that job

search happens online.

In fact, the global

average for online job

search is 71%


68%

74%

70%

75%

66%

74%

71%

Country % of those hired who looked online

The rise of online job search makes it much

easier to look abroad for work

8%

of job seekers search outside of their

country’s borders


Globally,

40.3% 59.5%of job seekers were using

mobile devices

The majority of search today happens on mobile devices.

Today’s job seekers can look for opportunities on the go

and at any time of the day:

of job seekers


In 2013, In 2016, that rate jumped to

Preferences for mobile job search vary from

88% in South Korea to 29% in Poland


1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

South Korea

Taiwan

Japan

Sweden

Norway

Hong Kong

Thailand

Indonesia

Denmark

Vietnam

Turkey

Singapore

Malaysia

Bahrain

United Kingdom

Ireland

Mexico

Saudi Arabia

87.9%

84.2%

81.3%

79.4%

76.6%

76.5%

76.3%

74.8%

72.5%

71.0%

67.8%

66.2%

65.9%

65.2%

64.3%

64.3%

63.5%

63.4%

20

21

22

23

24

25

26

27

28

29

30

31

32

33

34

35

36

37

Israel

Australia

Brazil

Netherlands

Kuwait

Luxembourg

United States

Finland

Chile

South Africa

Italy

India

Switzerland

Germany

New Zealand

Austria

Oman

Philippines

63.3%

60.5%

60.4%

59.7%

59.4%

58.5%

58.2%

57.9%

57.9%

55.7%

55.4%

55.2%

55.1%

54.4%

54.1%

53.0%

52.1%

51.5

38

39

40

41

42

43

44

45

46

47

48

49

50

51

52

53

54

55

Colombia

Argentina

United Arab Emirates

Canada

Qatar

France

Portugal

Romania

Greece

Belgium

Czech Republic

Russia

Peru

Pakistan

Hungary

China

Venezuela

Poland

50.3%

50.2%

50.1%

49.7%

46.7%

44.7%

44.3%

43.5%

42.4%

41.1%

40.9%

40.2%

40.0%

39.5%

39.4%

38.7%

33.4%

29.1%

The Future of Talent Attraction

Employers were reactive, posting

job openings as vacancies arose

Recruiting then

Pay-per-post advertising was king—

and the price didn’t change, regardless

of whether it was successful or not

The hunt for talent was scattershot

and unpredictable—cold-calling

candidates, anyone?

Savvy employers are both strategic and proactive—

anticipating talent needs to fill positions quickly

Recruiting now

Employers promote their brand to sell

themselves to the best and most active

job seekers

Talent retention is as important as

talent attraction—today’s best

companies take steps to build career

paths and opportunities for employees

In their own words, here’s how employers

think about these changes:

“We hire the person not the position. So

we’re looking for people who are leaders,

people who are innovative, people who

are strategic thinkers. As people come in,

everyone is a leader from day one and

throughout your career we are looking to

really build your skills and growth and as

your passions change there are many

doors that open across the company.”

Scott Isenhart,

North America Talent

Supply Leader, P&G

See the full interview

https://www.youtube.com/watch?v=V3mFHz-GzeE

“As I thought about how we would

reimagine recruiting, I realized that we

needed to move away from recruiting for

jobs, because that time is over. Instead,

we focus, for instance, on growing

people’s talent and really amplifying and

unleashing their super powers. Then we

identify the ways in which those super

powers can contribute to our company and

its mission”

Sandy Gould,

SVP Talent Acquisition and

Development, Yahoo

See the full interview

https://www.youtube.com/watch?v=gJCMDwuvzlY

Around the world,

people are increasingly

active when it comes to

job search


78%

90%

76%

United States

91%

Global Average

92%

80%

Australia

90%

78%

United Kingdom

92%

82%

Netherlands

89%

74%

France

91%

81%

Germany

% of new hires in the last year who took an action 6 months prior to current job

% of those hired in the past year who took some action to find a job six months

prior to their current job who looked online

Pay is still #1, but

location and flexible

hours are key

considerations for over

40% of candidates

worldwide


Top three factors that play a role in a candidate’s decision

64%

44%Global

Average42%

77%

54%United

States51%

64%

51%Australia

50%

60%

43%United

Kingdom41%

61%

42%Netherlands

40%

57%

38%France

38%

64%

42%Germany

40%

Pay

Location

Flexible Hours

The Changing World of Work

Work then...In the 9 to 5 era, where and when you did your

work was strictly defined

Work now...Today you could be working at home, in a cafe, or on an

airplane—results are what matter most!

The amount of time people spend working is declining.

Hours worked Declining from 1990 to 2013 (Percentage)

Source: OECD

2000

1750

1500

1250

2250

Russia Italy OECD CanadaJapan Australia UK France Germany

1990 1995 2000 2005 2010

In 1990, OECD countries worked an average of 1880 hours a year.

By 2013 this had dropped to an average of 1770.

Source: OECD

… which breaks down to an average of 1,770 hours worked per year,

or 34 hours a week:

1.6k

1.2k

.8k

.4k

0

Germany France Australia United

Kingdom

JapanCanada Italy RussiaOECD

Total

United

States

1.66k

2.0k

1.36k

1.47k

1.67k 1.71k 1.73k 1.73k 1.77k 1.79k

1.98k

Hours worked per person annually (2014)

It’s not just the 9 to 5 that’s changing.

Today, work-life balance is increasingly important—and some

tech employers see this as a way to attract top talent.

In most advanced

economies, paid leave is

the law, with an average of

19 days PTO and an

additional 10 public

holidays.

In the US, it’s a different

story

Source: OECD Family Database

Days of Paid annual leave (Statutory minimum)

France

UK

Germany

Australia

0 5 10 15 20 25

Italy

Canada

Japan

US

39

21.7

17

17

16

14

14

6

0

UK

Italy

OECD average

Canada

France

Germany

Japan

Australia

US

The OECD average is

17 weeks of paid

maternity leave at 78%

of average gross

earnings.

In the US, companies

are not obliged to

provide any maternity

leave

Weeks of paid leave Country

Source: OECD Family Database

30.9

80

77.5

47.7

100

100

67

40.6

0

Payment rate

“We’ve also been thinking about how

we’re going to take time off during the

first months of her life. This is a very

personal decision, and I’ve decided to

take 2 months of paternity leave when

our daughter arrives.”

However, a new generation of

business leaders is driving change

in the US. Facebook CEO Mark

Zuckerberg took time off after the

birth of his first child:

Source: Wired Article and LA Times November 2015

“I take a lot of vacation and I'm hoping

that certainly sets an example. It is

helpful. You often do your best thinking

when you're off hiking in some mountain

or something. You get a different

perspective on things.”

Meanwhile Netflix CEO Reed

Hastings is a firm believer in the

importance of taking time off to

recharge:

Source: CNBC 11/3/2015

Where this trend will end is anybody’s guess

But the battle to attract in-demand talent may make such

arrangements more common in cutting-edge sectors of the US

economy as employers compete against each other to offer the

best package possible

Get more data from our latest report:

Labor Market Outlook 2016

indeed.com/hiringlab

http://blog.indeed.com/hiring-lab/labor-market-outlook-2016/

Global Labor Trends 2016

Economy & Finance

Transcript of Global Labor Trends 2016