After the holidays? Beginning of the new year? Or once things settle down? What is the best time of the year to look for a new job? Well, by analyzing the start dates on profiles, we see that it depends a lot on the industry. The following calendar shows the frequencies of newly filled positions for each industry by month:
With an estimated market size of 24 billion USD according to Forbes, the human resources technology market is bursting with opportunity. AI-based algorithms, together with increases in cloud computing have enabled major innovations for crucial HR functions, such as staffing, recruitment, applicant tracking, freelance hiring, and employee management more generally. We have looked at 50 of some of the biggest and fastest growing companies in this space. Below are the 5 fastest growing companies:
Higher salaries in big cities do not always translate into higher standards of living because the cost of living varies greatly across cities. By tracking salaries by location, we’re able to see where employees can enjoy the highest standard of living. The matrix below illustrates the average salary of job postings and cost of living in an MSA. So what is the price tag of living in your city? We can use price indices across metropolitan areas and average salaries, to see the ‘premium’ you receive or ‘tax’ you pay on average by living in a city.
Yesterday, Revelio Labs analyses were featured in Bloomberg’s article on crypto talent trends within Wall Street. Headcounts of cryptocurrency experts at large banks and financial firms tripled between 2016 and 2018. Wanting to know who these new crypto experts are and where they come from, we look at the industries of their previous roles. Surprisingly, these experts have overwhelmingly been forged on Wall Street itself, instead of Silicon Valley or research labs.
Today’s article on Bloomberg News features analyses on competition for talent in the autonomous vehicle industry by Revelio Labs. The market for autonomous vehicles is growing fast, as headcounts are rising throughout all notable companies in the industry. The plot below tracks the growth of the companies that have experienced the biggest growth since 2018. Although employment growth is considerably large for all roles, Engineering roles have seen the largest growth, with an 80% increase since 2018.
Since the United States has no federal parental-leave policies, local governments and companies often step up to fill that void. Business Insider identified large public companies with the most generous parental leave and benefits for new parents. The list includes tech giants like Netflix and Amazon, as well as financial sector firms like Freddie Mac and Capital One. But do these company policies actually lead to measurable outcomes for women?
Had a plant-based sausage or some non-dairy cheese lately? Meat replacements and dairy alternatives have become increasingly popular over the past decade. Not only are these foods more environmentally friendly, but they are also a part of an extremely lucrative market: the plant-based food market is expected to grow at a CAGR of 11.9% from 2020 to 2027 to reach $74.2 billion by 2027.
When Dolly Parton spun her classic 9-to-5 into an ode to side hustles for Super Bowl commercials, it sparked controversy as to whether hustle culture is the new norm. But is this really a _'whole new way to make a livin’_? By looking at online profiles who list more than one concurrent position, we can track the rise and fall of hustle culture in the American economy:
This week, we collaborated with Hedge Fund Alert to track hedge fund hiring trends as people return to offices. Our analysis shows that after a dip following the pandemic, hedge fund hiring rates in 2021 are greater than they have been in 8 years and are continuing to rise sharply. Looking at the headcount growth of certain roles in 2021 versus 2020, we see that there is a strong growth of senior roles with engineering and technical focus. Traditional banking roles, which are still strong in absolute numbers, are seeing a relative decline. This may be due to the industry’s growing focus on algorithmic trading.
Looking at data on employees at public companies in Northern America, the plot below tracks the rolling mean of monthly hiring rates of women and men. Although the numbers look similar until fairly recently, we observe a widening gap between hiring rates of men and women in the recent past, especially during the pandemic. It is hard to disentangle whether this dip in women taking up new roles is driven by labor supply, or labor demand.
At the onset of the pandemic, working from home became the new reality. At a time when more and more employers are reopening their offices and asking their employees to go back to in-person work, we are looking at how remote job postings evolved and how it transformed the labor markets. In early 2020, the share of remote job postings quickly increased during the initial lockdowns. More interestingly, however, the trend has since continued upwards —the share of job postings that mention “remote” has increased from 1-2% pre-pandemic to 8-9% today.
The Revolving Door, the movement of public sector employees to private sector companies, is a heavily scrutinized Washington D.C. phenomenon. The movement between regulators and the companies they regulate can be problematic: when lobbyists turn into regulators, and vice versa, the transparency and fairness of regulatory policy is potentially jeopardized. With our data spanning hundreds of millions of careers, we detect the inflows and outflows of regulators. The charts below show the most frequent transitions out of and into the largest regulatory bodies in the US.
The college admissions scandal of 2019 highlighted the ways that elite private school students are using their resources to secure admission to top tier colleges. This week we focus on whether going to private high schools really improves your chances of getting into a top tier college. And if so, what colleges enroll the most private school students? Prior to 2005 only 40% of the students at top 20 universities were from public schools, but since then there has been a steady increase to 60%.
Many compete to make it into the upper echelon of management. But the paths to leadership can be unclear. Based on an analysis of hundreds of millions of careers, we can see which jobs are most likely to be promoted into senior management. Roles in Marketing, Legal and Investment Management used to have the highest chances of promotion into senior management.
Doctoral degrees are valuable, not just for employment in research and higher education, but also outside of academia. Academic hiring freezes during the pandemic has resulted in a tough job market for recent PhD graduates, that has sparked a renewed interest in jobs outside of academia for the highly-educated. Below are the companies that employ the highest numbers of doctoral degree holders. Tech companies lead the way, hiring high numbers of PhDs from engineering and computer science.
The amount of time employees stay with a single company can tell us a lot about the regional labor market. Short tenures can be a sign of labor market instability, but can also be a consequence of a natural dynamism in regional labor markets, as employees and employers go through several iterations to find a good fit. Below, we take a look at the median employee tenure by country.
Open source software -- that anyone can see, modify, and distribute the source code free of charge -- offers a publicly-accessible, and free alternative to proprietary software. Many companies have embraced collaborative software over the last decade and have achieved massive success. But as the open source movement picks up the pace, which companies missed the memo? By tracking the skills most associated with open source -- Python, and R -- and their proprietary counterparts -- MATLAB, SPSS, SAS, and Stata -- we’ve ranked the workforces most skilled in open source.
Companies are increasingly building alumni networks, enabling former employees to stay connected. These networks offer powerful benefits, not only for the employees but for the companies themselves, such as improving the quality of new talent and building stronger strategic partnerships. So in this new type of corporate community, which company has the most powerful alumni network?
In the first half of 2021 there was an unprecedented surge in demand for mental health and fitness services. Tracking the salaries for health coaches over time, we see not only a recovery from the pandemic, but also an extremely rapid spike in 2021. But how are these new demands changing the wellness economy? This rising demand for wellness services has resulted in large salary increases for specific roles. In the figure below, we see that coaches, counselors, and support workers have the highest growth in salaries.
Every company faces a choice of where to source their management team: from within the company or from outside? The implications of this choice are enormous. Leaders that are groomed internally already know the business and can easily fit within the corporate culture. However, leaders from outside often come with more proven track records.