ZipRecruiter Launches Economic Research Site for Labor Market Data
02 Novembre 2023 - 2:00PM
Business Wire
New research hub features economist commentary
on market indicators and insights from ZipRecruiter marketplace and
survey data, including the latest edition of its Survey of New
Hires
ZipRecruiter®, a leading online employment marketplace, today
launched a new home for its economic research –
ZipRecruiter-Research.org. The new site features commentary and
analysis from its team of economists and data scientists on the
latest labor market data, as well as insights from the company’s
marketplace data and quarterly surveys.
With a dedicated focus on collecting and analyzing comprehensive
employment data, the team will use the new site to deliver insights
that drive informed decision-making for job seekers, employers, and
policymakers alike. Through rigorous research and analysis, the
team will work to uncover emerging trends and unveil opportunities
for workers and businesses navigating the ever-evolving world of
work.
ZipRecruiter’s vast trove of labor market data has three key
benefits over publicly available sources: It features up-to-date
insights; it provides details, takeaways, and trends from various
industries and locations; and it is based both on surveys and
actual employer and job seeker behavior. With the launch of our new
research website today—as well as multiple new data products to
follow over the coming year—ZipRecruiter is inviting you to share
our front-row view of the labor market,” said ZipRecruiter Chief
Economist Julia Pollak.
The latest research published on the new site includes the Q3
2023 edition of the company’s Survey of New Hires, which found that
most U.S. residents who started their careers or switched jobs in
the past six months found satisfactory jobs after a relatively
brief search, but the share who struggled grew. Almost all key
survey indicators—such as the share of new hires who increased
their pay, received a signing bonus, or got recruited to their new
jobs—fell substantially, suggesting a palpable loss of worker
leverage over the past quarter.
The full report, including the below key findings, can be
accessed on the new site here:
- Better pay is consistently the top motivator for new hires to
switch jobs, but only 58% of new hires increased their pay in their
new roles, and only 18% received a signing bonus – down from 64%
and 28%, respectively, last quarter.
- Nearly 1 in 3 (29%) new hires are interested in taking a
part-time seasonal role over the winter holidays. Their top
motivations for wanting to take on holiday jobs are to earn extra
pocket money (74%), pay down debt (35%), offset the effect of
inflation on their budgets (23%), and save up for a specific
purchase (24%).
- Quiet cutting—reassigning employees to less attractive
positions in an attempt to push them to quit—may be on the rise.
More than half (55%) of those who have been reassigned to a less
attractive position at some point in their careers experienced this
in 2023. Of those reassigned in 2023, 59% quit, while 9% were later
fired and 7% were laid off.
Featured Research and Insights on
ZipRecruiter-Research.org
The Economic Research team uses ZipRecruiter’s exclusive data—on
job posting volumes, salaries, benefits and perks, job seeker and
employer interactions, and more—alongside proprietary research and
government data to uncover meaningful labor market trends that will
be updated regularly on the site.
Each quarter the team will:
- Release its Job Seeker Confidence Index, a nationally
representative quarterly survey of U.S. job seekers that measures
how optimistic or pessimistic they are about their ability to land
their preferred jobs. Increased confidence is typically an
indicator of future increases in employee turnover, wage growth,
and labor force participation. Click here to see the latest
report.
- Release its Survey of New Hires, a quarterly survey of U.S.
residents who started their current jobs within the past six
months. New hires are the leading edge of the labor market—the
first to experience changes in the urgency and intensity with which
employers are recruiting workers, and the terms of employment on
offer. Indicators tracked in this survey—such as how long it took
workers to find their jobs, and what share received signing bonuses
or healthcare benefits upon hire—can help gauge the quantity and
quality of jobs available in the U.S. economy. Click here to see
the latest report.
- Release additional reports on timely labor market topics based
on survey data and/or proprietary ZipRecruiter marketplace data.
Click here to view the reports.
Each month the team will:
- Provide commentary on key economic indicators released by The
Bureau of Labor Statistics. Click here to check out the team’s
latest commentary.
Each day the team is:
- Available to answer questions, facilitate interviews, and
provide ZipRecruiter data and commentary upon request. Email the
team at press@ziprecruiter.com to get in touch.
Disclaimer
ZipRecruiter Economic Research is an independent research entity
within ZipRecruiter and is not a revenue center for the company.
Data provided by the research team should not be considered
representative of potential revenue or earnings of
ZipRecruiter.
ZipRecruiter Economic Research provides fact-driven, objective,
unbiased data and analysis about the labor market. The team does
not manipulate data or findings to produce favorable results. When
possible, the team will make accompanying data available so that
sources can be checked and independently verified. Survey and data
methodology will be sourced and provided, and if it is not directly
linked in an article, is available by request.
About ZipRecruiter
ZipRecruiter® (www.ziprecruiter.com) is a leading online
employment marketplace that actively connects people to their next
great opportunity. ZipRecruiter’s powerful matching technology
improves the job search experience for job seekers and helps
businesses of all sizes find and hire the right candidates quickly.
ZipRecruiter has been the #1 rated job search app on iOS &
Android for the past six years1 and is rated the #1 employment job
site by G2.2
1Based on job seeker app ratings, during the period of January
2017 to January 2023 from AppFollow for ZipRecruiter,
CareerBuilder, Glassdoor, Indeed, LinkedIn, and Monster.
2Based on G2 satisfaction ratings as of December 13, 2022.
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version on businesswire.com: https://www.businesswire.com/news/home/20231102897683/en/
Claire Walsh, Press Relations press@ziprecruiter.com
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