Curated Intel from the Talent Tech Industry
August 12-18, 2024:
• Giving birth to a star: TVNewsCheck's MediaJobCenter.com takes aim at industry hiring crisis;
• Getting past the buzz: McKinsey urges employers to move genAI from testing to transformation;
• Robbing the labor market: How “talent heists” are redefining the tech M&A landscape;
• Brutalizing the recruiter experience: Jobhunters flood recruiters with AI-generated CVs;
• Meeting employers halfway: Flexa survey finds job seekers want core hours with time flexibility.
PLUS
Get both worldclass content and business-building connections at TAtech Europe & The EMEA Job Board Forum. Register right now for the only conference in the EMEA market that is specifically designed both for job board and talent technology company CEOs, their direct reports and rising stars and to accelerate the bottom-line growth of their enterprises. Why the rush? Because the conference will be held September 17-19, 2024 in Paris at Cercle National des Armées, and it has a limited seating capacity. So, register today and accelerate the success your company achieves, today, tomorrow and into the future!
TVNewsCheck's MediaJobCenter.com Takes Aim at Industry Hiring Crisis, Serving Media Industry Pros and Employers
The media industry shed more than 21,000 jobs in 2023, yet despite layoffs and downsizing, the U.S. Bureau of Labor Statistics projects 114,300 media and communications job openings each year through 2032. With today's launch of TVNewsCheck's MediaJobCenter.com (part of TheJobNetwork™ powered by award winning job board software provider Jobiqo), executives, managers and professionals in TV, radio, print, digital, video, audio, streaming and social media will have access to a new job board containing open positions over a vast network of job sites within the largest recruitment ad network in North America.jobs for their individual needs.
Gen AI’s next inflection point: From employee experimentation to organizational transformation
After nearly two years of debate, the verdict is in: generative AI (gen AI) is here to stay, and its business potential is massive. We’ve already witnessed an exponential rate of gen-AI-related innovation, which promises to accelerate automation and enhance productivity, innovation, and the quality of work, as well as the employee and customer experience. The companies that fail to act and adapt now will likely struggle to catch up in the future. Despite all the buzz, most companies have yet to scratch the surface of gen AI’s promise. A recent McKinsey Global Survey reveals that employees are far ahead of their organizations in using gen AI,1 as companies have been slow to adopt in ways that could realize gen AI’s trillion-dollar opportunity. To harness employees’ enthusiasm and stay ahead, companies need a holistic approach to transforming how the whole organization works with gen AI; the technology alone won’t create value. This means applying gen AI in ways that enable the business strategy: by reinventing operating models and entire domains,2 by reimagining talent and skilling, and by reinforcing changes through robust governance and infrastructure.
The New Frontier Of Tech Acquisitions: How Talent Heists Are Redefining The M&A Landscape
The traditional model of mergers and acquisitions (M&A) as we know it is facing an unprecedented shift. A recent tweet triggered a discussion among VCs, concluding that the era of large-scale acquisitions may be waning, not due to a lack of capital or corporate ambition, but because of a regulatory environment that has become increasingly hostile to the monopolistic consolidation of power. Enter the age of "talent heists"—a new strategy where companies focus on acquiring top-tier talent and cutting-edge innovation by buying out founders and key teams, rather than entire companies. This trend, spearheaded by tech giants like Google, Microsoft, and Amazon, marks a significant departure from the blockbuster deals that once defined Silicon Valley’s landscape. It’s a silent but potent strategy, driven by the need to stay ahead in the rapidly advancing fields of AI, machine learning, and other emerging technologies.
Jobhunters flood recruiters with AI-generated CVs
About half of all job seekers are using artificial intelligence tools to apply for roles, inundating employers and recruiters with low-quality applications in an already squeezed labour market. Candidates are turning increasingly to generative AI — the type used in chatbot products such as ChatGPT and Gemini to produce conversational passages of text — to assist them in writing their CVs, cover letters and completing assessments. Estimates from employers and recruiters who spoke to the Financial Times, as well as multiple published surveys, have suggested the figure is as high as 50 per cent of applicants.
Job seekers increasingly want ‘core hours’ with time flexibility, survey says
Employers may have found a compromise for staff resisting return-to-office mandates: Offering them a little flexibility over when they have to be at work, according to an analysis released Aug. 4 by U.K.-based Flexa, a global job platform focusing on flexible workplaces. The analysis found that in June, 14% of job seekers, up from 11% in April, expressed a preference for roles offering “core hours” — where employees are required to work during certain hours, such as 11 a.m. to 3 p.m., but may complete their work in their own time. From the employer side, the number of jobs offering “a little flexibility” more than tripled between June 2024 and the same time last year, Flexa’s data showed. “A little flexibility” means employers can start or finish their work a little early or a little late, but otherwise work regular hours, according to the platform. In June, nearly 8 in 10 job postings mentioned the benefit, a steep increase from 50% two months earlier, Flexa found.
The Extraordinary Value Proposition of TAtech Europe
Get both worldclass content and business-building connections at TAtech Europe & The EMEA Job Board Forum. Register right now for the only conference in the EMEA market that is specifically designed both for job board and talent technology company CEOs, their direct reports and rising stars and to accelerate the bottom-line growth of their enterprises. Why the rush? Because the conference will be held September 17-19, 2024 in Paris at Cercle National des Armées, and it has a limited seating capacity. Whether your company is a niche or general job board, aggregator, talent marketplace, online classifieds business, programmatic platform, chatbot, conversational AI solution, ATS, recruitment marketing solution, CRM platform, interviewing or assessment system or talent technology consultancy, this event will supercharge your sales and your profits. So, register today and accelerate the success your company achieves, today, tomorrow and into the future!