Curated Intel from the Talent Tech Industry
May 9-15, 2024:
• Applying for a job while grabbing a toothbrush: Manpower opens job hubs in Walmart stores;
• Cutting headcount or reallocating talent: Challenger survey finds employers shedding more jobs;
• Changing the rules of the game: The Impact of Google’s latest core update on online recruiting;
• Making shortages worse: Age discrimination in Germany costs up to 28 billion euros per year;
• Adding intelligently to the c-suite: Shelly Palmer asks “Do You Need a Chief AI Officer (CAIO)?”.
PLUS
The TAtech Leadership Summit on Recruitment Marketing is designed for HR/TA leaders and senior professionals at enterprise employers and their counterparts among TA solution providers. To be held at the newly renovated Le Méridien Tampa, The Courthouse, the conference opens with a welcome reception on the evening of February 26 and then runs all day February 27. The agenda is still in development, but the focus will be on showcasing the latest technology and most innovative practices for moving to full-funnel recruitment marketing. Seating is limited at the conference venue, so register today to make sure you have a spot.
Manpower to Open Job Hubs Inside Select Walmart Stores
Manpower®, a global leader in contingent staffing and permanent resourcing and part of the ManpowerGroup (NYSE: MAN) family of brands, will be opening job hubs in seven Walmart locations across the country, with the first two grand openings set for Friday, September 13. Manpower will offer one-stop convenience to local job seekers. The new Manpower job hubs are designed with efficiency and accessibility in mind and are welcoming to active job seekers or casual shoppers who may want to explore employment options in their area.
Employers increasingly shed jobs, reflecting economic uncertainty
U.S.-based employers announced nearly 76,000 job cuts in August, marking a 193% increase from the nearly 26,000 cuts announced a month before, according to a Sept. 5 report from Challenger, Gray & Christmas, Inc. Excluding the more than 115,000 job cuts announced in August 2020, last month represented the highest August total since 2009, when more than 76,000 layoffs were recorded. “August’s surge in job cuts reflects growing economic uncertainty and shifting market dynamics,” said Andrew Challenger, SVP of Challenger, Gray & Christmas, Inc., in a statement.
The Impact of the August 2024 Google Core Update on Online Recruiting
Google Core updates are changes to how Google ranks websites in search results. They aim to improve the quality and relevance of the information people find. These updates focus on rewarding sites with helpful, trustworthy content and ensuring the best user experience. According to John Mueller, the search advocate and leading Google spokesperson, this 2024 core update has two goals: Goal 1: Show more content that people find genuinely helpful and less content that feels like it was made to perform on search. Do you see how showing the job ad from the ATS that matches a branded query can be considered more helpful content in Google’s eyes than sending users to a search result landing page from Indeed? Part of Indeed’s SEO strategy was creating millions of search queries in long-tail and capturing traffic. The reality is that a job seeker looking for specific jobs from a company does not have to go to Indeed—they can go to the company's career page because of their clear intent—to apply for a job.
Age discrimination in Germany costs up to 28 billion euros per year
39% of people aged 55 and over want to work beyond retirement age, according to a recent Stepstone study. Preferably for four years and 24 hours a week. This is great news for the German economy! Because: 1. As early as 2035, more people will retire than young professionals will enter the labour market. Without countermeasures, there is a threat of a deficit of 7 million workers – including losses in productivity and prosperity. 2. If only those of retirement age who want to continue working were to work longer, an additional 570,000 people would be available to the labour market from 2030 onwards 3. Converted, this means that they could generate up to 28 billion euros annually.
Do You Need a Chief AI Officer (CAIO)?
A dedicated CAIO ensures that AI strategies are not only aligned with the company’s overarching business goals but are also implemented efficiently and ethically. This role provides focused leadership, fosters a culture of innovation, and manages the unique challenges of AI deployment, such as ethical considerations, data governance, and integration across various business units. With AI becoming a critical driver of competitive advantage, a CAIO can ensure that AI initiatives receive the strategic attention and resources they require, positioning the company for successful innovation and growth in an AI-driven marketplace.
Reimagining Recruitment Marketing for a Challenging Labor Market
The TAtech Leadership Summit on Recruitment Marketing is designed for HR/TA leaders and senior professionals at enterprise employers and their counterparts among TA solution providers. To be held at the newly renovated Le Méridien Tampa, The Courthouse, the conference opens with a welcome reception on the evening of February 26 and then runs all day February 27. The agenda is still in development, but the focus will be on showcasing the latest technology and most innovative practices for moving to full-funnel recruitment marketing. It will address the latest research on the labor market and its implications for recruitment marketers and then explore the three legs of an effective recruitment marketing strategy: Attraction, Awareness, and Application & Hire. Seating is limited at the conference venue, so register today to make sure you have a spot.