New Global Labor Market Briefing

For years, I've been hearing Recruiting executives lament lack of meaningful labor market data for themselves and their recruiters. This isn't to say we don't have access to piles of labor market data online statistics and reports every year, but few Recruiting professionals tell me this data is meaningful—that is, relevant to their organization's (often global) footprint and recruiting strategy.

I'm excited to introduce the first edition of the Quarterly Global Labor Market Briefing, for CLC Recruiting members. We're polling nearly 20,000 employees from 25 countries each quarter to ask them targeted questions that mean something to your recruiting strategy. Things like:

1. How actively they're searching for jobs


2. What they're looking for in a job offer


3. How much increase in pay it would take for them to switch jobs


4. Where they search for jobs

I hope the data not only confirms what your team is experiencing, but also elevates team performance in strategic planning, hiring manager conversations, workforce planning, sourcing, branding, and other important recruiting activities. So, what have we found? At the highest level:

1. Global employee confidence in business conditions has been above neutral and stable over the past year.


2. Perceptions of available job opportunities continue to trend lower in all major regions Employed talent have become increasingly passive.


3. As they have become more passive, potential candidates are now more likely to switch for pay, but less likely to switch for anything else.


4. Employees globally expect an average switching premium of 10.6% to move to a new employer.


5. Candidates continue to use and place most trust in their personal network and the prospective employer's Web site and employees.

Of course, nuances and exceptions abound when you get to specific markets. I invite CLC Recruiting members to view the details in the full report.