BambooHR
Workforce Insights

Monthly Report – June 2024

Welcome to the June edition of the BambooHR Workforce Insights report, where we delve into the latest trends shaping the world of employment.

Workforce Insights is powered by aggregated data trends from the millions of admins, managers, and employees who use BambooHR in the US and across the globe.

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Summer’s Here, but Teachers Are Already Planning Their Fall Comeback

Hiring, Job Openings & Turnover

Hires
Job Openings
Turnover
US

MoM 4% ⇧ increase

YoY 18% ⇩ decrease

MoM 3% ⇧ increase

YoY 9% ⇧ increase

MoM 4% ⇩ decrease

YoY 18% ⇩ decrease

Global

MoM <1% ⇧ increase

YoY 21% ⇩ decrease

MoM 4% ⇧ increase

YoY 8% ⇧ increase

MoM 7% ⇩ decrease

YoY 21% ⇩ decrease

US Hires, Job Openings & Turnover

Global Hires, Job Openings & Turnover

“Looking at the recent data on hiring and turnover in education, it's clear that strategic data management isn't just a corporate necessity—it's crucial in education, too. HR professionals can use data to not only fill positions but also to understand and enhance employee retention and satisfaction.

Just as schools are planning for the fall during the peak of summer, HR should also use off-peak times to strategize and prepare, ensuring a robust team ready to meet organizational goals."

Anita Grantham | Head of HR | BambooHR

May 2024 – Proportion of Total Employees
Hires
Turnover
Job Openings
Apr to May 2024 notable changes
Travel / Hospitality
6.1%
3.0%
1.3%
Hires decreased 23% while turnover increased 33%
Construction
4.3%
2.7%
1.0%
Turnover increased 12%
Nonprofit
3.6%
2.5%
1.7%
Turnover decreased 12%
Healthcare
3.5%
2.6%
1.3%
Hires increased 5%
Education
2.9%
2.1%
1.2%
Turnover increased 24%
Finance
2.8%
2.2%
0.8%
Turnover increased 17%
Restaurant, Food & Bev
2.6%
2.0%
0.6%
Job openings decreased 11%
Technology
2.2%
2.0%
0.6%
Turnover increased 11%
Hires
Turnover
Postings
North America
3.4%
2.4%
1.1%
Latin America
2.5%
2.0%
0.6%
Asia Pacific
2.4%
2.1%
0.7%
Europe
2.1%
1.9%
0.7%
Middle East/Africa
1.9%
1.9%
1.0%

Manager & Peer Reviews

US Manager & Peer Reviews

Global Manager & Peer Reviews

Manager Reviews
Peer Reviews
US

MoM 4% ⇩ decrease

YoY 15% ⇧ increase

MoM 4% ⇧ increase

YoY 10% ⇧ increase

Global

MoM 5% ⇩ decrease

YoY 9% ⇧ increase

MoM 9% ⇧ increase

YoY 1% ⇧ increase

Employee PTO Requests & Approvals

US Employee PTO Requests & Approvals

Global Employee PTO Requests & Approvals

PTO Requested
% PTO Approved
US
38%
49%
Global
43%
48%
Region
PTO Requested
% Approved
Europe
63%
45%
Middle East/Africa
44%
57%
North America
40%
49%
Asia Pacific
39%
49%
Latin America
34%
60%
Industry
PTO Requested
% Approved
Nonprofit
57%
39%
Finance
55%
47%
Technology
51%
50%
Education
39%
47%
Construction
36%
55%
Healthcare
36%
45%
Travel / Hospitality
27%
46%
Restaurant, Food & Bev
17%
53%

Methodology

All source data is from the BambooHR platform, gathered between December 2018 and April 2024, and includes over 4.4 million employee data points across the globe.

The data includes employee and manager performance scores, PTO requests, and other data points that have been analyzed in an aggregated, anonymized way to protect the privacy of employees and the integrity of the metrics.

Turnover includes all types of separation of an employee from their company, including voluntary and involuntary separations.

About BambooHR

BambooHR® is the leading HR software solution that sets people free to do great work, by managing the complex work of supporting employees and succeeding as a business, while giving leaders all the data they need to make informed strategic decisions.

Intuitively designed and easy-to-use benefits administration, payroll, performance, time tracking, and reporting where everything works together means less focus on process and more focus on growing what matters most—people.

Over the past 15 years, BambooHR has been the trusted partner of HR professionals at 33 thousand companies with employees in over 190 countries and 50 industries, supporting millions of users throughout their employee experience.

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