2019 Q1 Workforce Insights
As a part of the employment application process, we ask all candidates to participate in a short survey. The survey questions are carefully curated to provide workforce insight and highlight trends within the contingent labor market. We collect and report data each quarter and provide an annual report displaying year-over-year data. Our goal with this survey is to improve the hiring and recruitment processes of the businesses we service along with increasing employee engagement and retention.
In Q1, there were a total of 1,236 respondents across 5 Wisconsin branches (Milwaukee, Racine, Kenosha, Delavan, and Fort Atkinson). Seasonally, the winter months tend to attract fewer job seekers, but we expect this number to increase quarter-over-quarter for 2019. The first survey question relates to top employee expectations where candidates were asked what they value most in a job. Overwhelmingly, 59% of the respondents say having the ability to advance within a company is their top expectation. Presenting growth opportunity and potential for advancement within an organization is a powerful motivator in the current job market. We then ask about specific benefits that would influence a candidates’ job performance. The results show that performance/attendance incentives are valued most at 42%, followed closely by holidays and paid time off at 34%. Employees want to know that their work is appreciated. Offering a robust incentive and PTO package can move the needle on employee investment. The final question we ask focuses on pay and the minimum hourly wage that respondents would accept for entry-level work. Our results show that nearly 60% of candidates would prefer a starting pay of $11/hour or greater and only 26% would accept a starting pay less than $11/hour. Furthermore, will be significantly more candidates interested in positions starting at $11/hour than a lesser paying position.
In the New York labor market, there were a total of 306 respondents between the 2 New York branches (Buffalo, New York and Arcade, New York. Seasonally, the winter months tend to attract fewer job seekers but we expect this number to increase quarter-over-quarter for 2019. For the first survey question, 59% of respondents believed having the ability to advance within a company is their top employer expectation. The results show the exact percentage in the two different markets, proving employees are willing to stay with a company if they can see a career advancement path. In the second question, 47% of applicants believed attendance/performance incentives were the benefits that would influence job performance and tenure the most. Lastly, our survey data shows that 74% of people would accept a minimum starting wage above the $12/hour pay rate. Thus, providing a larger candidate pool for a higher starting pay due to the recent increase in the minimum wage.
This survey allows us to gather up-to-date data on employee preferences and expectations. Based on these survey results, we are constantly improving our hiring and recruitment processes, making our services more efficient and reducing employee turnover. For more information, please contact your local account representative.