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Learn more Talk to salesThe #1 ATS in market share, our cloud-based recruiting software is built for both commercial and large, global employers.
Learn more Talk to salesAttract the best talent for your business with powerful, on-brand career websites that excite candidates and drive engagement.
Learn more Talk to salesBuild talent pipelines, engage candidates with multi-channel marketing campaigns, and use machine learning to automatically surface the right talent for the job.
Learn more Talk to salesEmpower candidates with automated self-service, qualification screening, and interview scheduling through an AI-enabled digital assistant.
Learn more Talk to salesSimplify employee onboarding with automated processes that maximize engagement and accelerate productivity.
Learn more Talk to salesCompliment your sourcing and engagement efforts with award-winning lead scoring and advanced campaign personalization.
Learn more Talk to salesImprove employee experience, retention, and reduce internal talent mobility friction with the iCIMS Opportunity Marketplace.
Learn more Talk to salesVerify skills with game-changing levels of automation and simplicity to improve the quality of hire at scale.
Learn more Talk to salesModernize, streamline, and accelerate your communication with candidates and employees.
Learn more Talk to salesTransform the talent experience by showcasing your authentic employer brand through employee-generated video testimonials.
Learn more Talk to salesGet robust analytics that help you make sense of your data and illuminate your talent pool.
Learn moreSimplify recruiting, dynamically engage talent, and reduce hiring bias with job matching and recruiting chatbot technology.
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New survey data from leading recruitment software provider, iCIMS, reveals the demand for compensation and nontraditional benefits is driving a competitive arena for employers
MATAWAN, N.J. [July 26, 2016] – Today’s employees are constantly looking for their next career move, and to keep up, modern HR professionals are creating recruitment strategies that go beyond dollar signs to stand out in the competition for talent. iCIMS, Inc., a leading provider of Software-as-a-Service (SaaS) talent acquisition solutions, released a new research report, “Competition for Talent in the U.S.” to gain insight on the quickly changing landscape.
The report uncovers which U.S. companies and industries job seekers are most interested in, top motivators for changing careers, and key factors for job satisfaction. This information helps employers better understand what motivates today’s job seekers and how they can implement new strategies to attract and retain talent for their organizations.
“Our survey supports the need for employers to use more aggressive approaches to stay afloat in this competitive job market,” said Susan Vitale, chief marketing officer at iCIMS. “Job seekers have become more resourceful and they’re aware of unique perks and benefits that some employers are offering to make their company an attractive place to work. According to our survey, not only are employees willing to leave a company, but 77 percent are willing to switch industries and a shocking 56 percent would give up their full-time job to join the gig economy. Being aware of the underlying factors for these changes is essential, as recruiters and HR professionals try to navigate the new landscape of workers.”
Highlights from the report include:
Where employees are headed:
– Sixty-three percent of full-time employees are looking for a new job. This breaks down to 71 percent of millennials, 66 percent of Gen Xers and 44 percent of baby boomers looking to move to another company.
– Sixty-three percent of full-time millennial employees would be interested in leaving their current position to join the gig economy and 56 percent of all full-time employees, including Gen Xers and boomers, would be interested.
– Employees spanning all generations are looking at industries outside of the current one they are working within for new opportunities. The top industries candidates are considering migrating to include technology/software, entertainment, communications, banking/finance and consulting.
Why employees are leaving:
– Ninety-two percent of full-time employees agree that companies offering nontraditional benefits are more likely to recruit top-tier talent.
– Sixty-nine percent of full-time employees are not completely satisfied with the benefits they are currently offered. Some nontraditional employee benefits that employees find attractive include student loan reimbursement, pet insurance, a paid sabbatical, child adoption benefits, and on-site massages.
– Forty-two percent of full-time employees feel they have limited opportunities for growth with their company.
– Employees are looking to join the gig economy for more flexible hours, to make more money, and to be their own boss.
“Employers can leverage our data as a retention tool and enhance their recruiting strategies to ensure they’re meeting their employees’ needs and attracting best-fit candidates,” Vitale added. “Be sure that your recruiters are mentioning your organization’s strong benefits and opportunities for advancement during the hiring process to position your company in the best light for today’s workforce. Showcasing your employment brand via recruitment marketing techniques could save you time and money in the talent hunt.”
The report was compiled in partnership with Wakefield Research, assessing responses from 400 full-time adults in the U.S. ages 18+. To view the full report, please visit iCIMS Hiring Insights.
iCIMS is a leading provider of talent acquisition technology that enables organizations everywhere to build winning workforces. For over 20 years, iCIMS has been at the forefront of talent acquisition transformation. iCIMS empowers thousands of organizations worldwide with the right tools to meet their evolving needs across the talent journey and drive business success. Its AI-powered hiring platform is designed to improve efficiency, cut recruiting costs and build exceptional experiences for candidates and recruiters. For more information, visit www.icims.com.