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Employees take longer to seek out jobs, although counteroffers rise

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April 03, 2024

It’s taking employees longer to seek out new jobs and fewer new hires are receiving signing bonuses, in accordance with ZipRecruiter’s new Q1 2024 Survey of New Hires. Then again, the variety of employees receiving counteroffers stays traditionally excessive, and extra new hires mentioned they have been recruited. One other discovering: Employees are turning to generative AI within the job search.

The report discovered the variety of new hires who discovered their job in below a month dropped to 46%, which is down from 60% within the earlier quarter’s report.  ZipRecruiter’s report additionally discovered that 23% of recent hires obtained signing bonuses, down from 29% within the earlier report.

Nonetheless, the proportion of recent hires saying they obtained counteroffers from their earlier employer rose to 24% within the new report from 21% within the earlier report. Additionally, 46% say they have been recruited, up from 34% within the earlier report.

And 48% of latest hires say their new employer responded to their utility inside three days and 92% inside a few week.

“When employers proactively recruit expertise or reply to candidates shortly, it instills a way of being valued and wanted, which might be extremely affirming and gratifying,” Marissa Morrison, VP, folks, at ZipRecruiter, mentioned in a press launch.

ZipRecruiter’s survey additionally checked out AI. It discovered simply over 53% of job seekers mentioned they used ChatGPT or an identical generative AI instrument to assist them of their job search. Millennials have been the sooner adopters of generative AI instruments, with greater than 70% saying they used generative AI of their most up-to-date job search.

Of those that used generative AI of their job search, 23% mentioned they used it to draft a résumé, 19% to analysis profession choices, 18% to arrange for job interviews, 16% to analysis pay ranges, 14% to finish a pre-hire evaluation, 11% to draft correspondence and 5% to create a headshot.

The survey relies on a pattern of greater than 1,500 adults within the US who’re at present employed and who started their present jobs prior to now six months. It consists of self-employed employees.

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