Insights into Job Seekers' Preferences in Kane County 2021
Exploring current job seekers' expectations in Kane County for 2021, including insights on the impact of the pandemic, generational differences, minimum wage details, living wage calculations, and extended unemployment benefits under federal law. The provided images and information shed light on what potential employees are looking for and how the employment landscape is evolving in the area.
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Presentation Transcript
Understanding What Current Job Seekers Are Looking For in 2021 Kane County Board Jobs Committee 8/13/2021 Chris Toth, Planner
Data Affecting Potential Employees in Kane County What do Job Seekers want? How the pandemic is changing employee s perceptions
Defining the Generations Boomers Born 1950 - 1964 Generation X Born 1965 - 1980 Millennials Born 1981 -1996 Generation Z Born 1997-2012
MIT Living Wage Calculator The living wage shown is the hourly rate that an individual in a household must earn to support his or herself and their family. The assumption is the sole provider is working full-time (2080 hours per year). The tool provides information for individuals, and households with one or two working adults and zero to three children. In the case of households with two working adults, all values are per working adult, single or in a family unless otherwise noted. https://livingwage.mit.edu/
MIT Living Wage Calculator (Kane County)
The Expanded Unemployment Benefits Passed into Federal law March 27, 2020 The American Rescue Plan extends expanded unemployment benefits through September 5, 2021 Pandemic Unemployment Compensation (PUC) Additional $300 per week.
The Expanded Unemployment Benefits Pandemic Emergency Unemployment Compensation (PEUC) Allows individuals receiving benefits to continue as long as the individual has not reached the maximum number of weeks. It also increases the number of weeks of benefits an individual may claim through the PEUC. Extended Unemployment Benefits (EB) Additional 13 additional weeks of benefits when a state is experiencing high unemployment. Some states have also enacted a voluntary program to pay up to 7 additional weeks (20 weeks maximum) of Extended Benefits during periods of extremely high unemployment
Effects on Childcare In June, Governor Pritzker announced that families at or below the federal poverty line will now pay only $1 for child care. In July, Governor Pritzker announced hundreds of millions of dollars in funding to improve credentials and education of child care providers throughout the state. Illinois lost 9% of its childcare workface since the pandemic. Estimated cost per year for childcare in Kane County:
What Are Job Seekers Looking For? Comprehensive Benefits Stability and Security Company Culture Active Web Presence Company Values Employee Testimonials
What Are Job Seekers Looking For? (continued) More Understanding of Work-Life Balance Positive and Inclusive Environment Paid Childcare Leave Living Wage Remote Work
Citrix Talent Accelerator Study Citrix Systems, Inc. is an American multinational software company that provides server, application and desktop virtualization, networking, software as a service, and cloud computing technologies. The Talent Accelerator study combines research from more than 2,000 knowledge workers and 500 HR directors in large, established corporations and mid- market businesses with at least 500 employees based in the United States.
Employees Overwhelmingly Expect Flexible Options. Employees overwhelmingly expect flexible options. 88% of knowledge workers say that when searching for a new position, they will look for one that offers complete flexibility in their hours and location. 83% predict that in response to the global skilled talent shortage, companies will leverage flexible work models to reach out to suitable candidates no matter where they live. 76% of the workers polled believe that employees will be more likely to prioritize lifestyle (family and personal interests) over proximity to work, and will pursue jobs in locations where they can focus on both even if it means taking a pay cut. 83% of employees think that workers will be more likely to move out of cities and other urban locations if they can work remotely for a majority of the time, creating new work hubs in rural areas
Employees Want to Re-Imagine How Productivity is Measured. 86% of employees said they would prefer to work for a company that prioritizes outcomes over output. New employees want to work for a company that cares less about the qualified work output they are able to produce, and more about the impact they can deliver to the business in a holistic sense. Just 69% of HR directors saying that their company currently operates in this way. Only half of HR directors saying that their organization would be more productive as a whole if employees felt that their employer/senior management team trusted them to get the job done without monitoring their progress.
Employees Want to Work With a Diverse Team. 86% of employees and 66% of HR directors assert that a diverse workforce will become even more important as roles, skills, and company requirements change over time. Honest, accessible metrics around your diversity progress and remaining gaps are critical to ensuring that efforts to build a diverse team are measurable, targeted, and impactful
Tech Employees Who Work From Home Could Lose Money Google employees based in the same office before the pandemic could see different changes in pay if they switch to working from home permanently, with long commuters hit harder. Facebook and Twitter also cut pay for remote employees who move to less expensive areas. Smaller companies including Reddit and Zillow have shifted to location-agnostic pay models, citing advantages when it comes to hiring, retention and diversity. Google's pay structure raises alarms about who will feel the impacts most acutely, including families.
Sources https://www2.illinois.gov/idol/Laws-Rules/FLS/Pages/minimum- wage-rates-by-year.aspx https://newschannel20.com/news/local/child-care-shortage- preventing-parents-from-getting-back-to-work Harvard Business Review 5/31/2021 Citrix Talent Accelerator Study https://www.reuters.com/world/the-great-reboot/pay-cut- google-employees-who-work-home-could-lose-money-2021- 08-10/
Thank You! Chris Toth, Planner 630-232-3491 Tothchris@countyofkane.org
