Since our Annual Workforce Management Benchmark report release in February, the world of work has fundamentally changed due to the COVID-19 pandemic. Employers need context and benchmarks to make fast, accurate, cost-effective decisions – even in the best of times. During hyper-uncertainty, organizations with access to predictive data-science insights have the edge they need to anticipate and plan for optimal workforce planning.
Our exclusive Workforce Management Q1, 2020 report offers a predictive, quarterly snapshot of talent volatility across major industries, job functions, metropolitan statistical areas (MSAs), and states. Key findings include:
The total percentage of workers in the top volatility categories is up 27% since the 2019 Annual Benchmark report. That means 11% of all professional employees and knowledge workers are now considered highly likely to be open to unsolicited recruitment messages, compared to 8% at the end of last year. The 3 percentage point increase translates to four million additional workers at risk in these job categories.
Historically stable job categories are increasingly volatile, including critical roles. Examples of job categories with the highest at-risk percent increase include Healthcare workers, Teachers, and Skilled Trade (mechanics, electricians, service technicians, etc.).
New York, at 27% above the national average, is now the state with the highest workforce volatility ranking – replacing the District of Columbia. New York is also the epicenter of the US COVID-19 pandemic with the highest number of cases per capita.
Download our complimentary Q1, 2020 benchmark report to learn more about the pandemic-driven labor market changes we’re seeing by completing the form below.