Workforce Management Benchmark Report: Q2 2020
Wednesday, July 8, 2020
Workforce Logiq’s exclusive Workforce Management Benchmark Report offers a predictive, quarterly snapshot of talent volatility across major industries, job functions, metropolitan statistical areas (MSAs), and states.
Q2 key findings include:
- The pandemic continues to drive a nation-wide jolt in worker volatility; the total number of workers in the top volatility categories is now up +41% since the 2019 Annual Benchmark report.
- The Engineer category jumped into the Top 5, up from #11, with a volatility growth rate nearly doubled from the Q1 report. Many tech-related companies, both large and small, are scaling back development during the pandemic.
- Doctor/Medicine category had a troubling increase over Q2, jumping +51% points, from -39% below the national average in Q1 to +12% above in Q2.
- New York, at +28% above the national average, continues to have the highest workforce volatility ranking; however, its rate of increase has significantly slowed.
- D.C. moved to the #2 position in state-specific volatility.
- Accommodation and Food Services experienced one of the largest percentage of improvements in Q2 (-8%), a +19% point swing from one of the highest benchmarks in Q1.
Download our complimentary Q2, 2020 benchmark report to learn more about the labor market changes we’re seeing by completing the form below.