I have to be honest. We all know that a lot of TA leaders are constantly on the lookout for ways to cut down on the tasks recruiters dread the most. One of those is breaking the news to candidates who didn’t make the cut-off in an automated rejection email rather than personally explaining why someone isn’t moving forward. And sure, those automated emails can help avoid any potential legal hiccups if a recruiter accidentally goes off-script. But here’s the reality—it’s a terrible candidate experience. Ghosting candidates after an interview and automated rejection emails are about as pleasant as a warm cooler full of O’Douls.
I know, I know—I’m always talking up the ERE Recruiting Conferences, but there’s a reason. The fall conference in Anaheim, CA, includes the CandE awards ceremony. These awards spotlight companies that have cracked the code. They’ve tackled negative candidate experiences by digging into their data and making real improvements. Here’s a sneak peek of the CE insights Kevin Grossman will discuss at the conference:
Even in a market like this, where unemployment is low, but layoffs are happening, now is the time to invest in long-term recruitment strategies. Remember, the U.S. is facing a significant talent shortage. Join us at the ERE Recruiting Conference to learn from top TA leaders who will show you how to elevate candidate experience and recruiter efficiency in your hiring process.
Okay, on to the weekly round-up of recruiting news and important announcements.
ZipRecruiter has announced the acquisition of Breakroom, a platform that provides insights into company culture and work environments. This acquisition is part of ZipRecruiter’s strategy to enhance its offerings by integrating Breakroom’s features, which allow job seekers to gain a better understanding of potential employers. The financial terms of the deal were not disclosed. This move is expected to improve the job search experience by providing more comprehensive information about company cultures and environments[
Revelio Labs has launched COSMOS, the largest and most comprehensive job posting dataset available, covering over 2 billion job postings from 5.25 million companies worldwide. The dataset is sourced from 270,000 employer websites and all major job boards, translated into over 100 languages. COSMOS uniquely weights each posting based on expected hires, acknowledging that not all postings lead to hires and that some represent multiple openings. Each job posting is parsed into sections and enriched with details such as remote work suitability, required skills, predicted salary, and benefits. The data is continuously updated and refreshed daily.
Ben Zweig, CEO of Revelio Labs, highlights the dataset’s reliability and speed, offering a sophisticated view of labor demand. Max Leaming from ManpowerGroup praises COSMOS for enhancing custom analytics development and providing exceptional service. COSMOS is available through data feeds, APIs, dashboards, and reports, complementing other workforce datasets offered by Revelio Labs
You’re probably confused like all of the other recruiters when it comes to the U.S. job market, but thankfully, we have folks like Mallory Vachon, who is the Chief Economist at LaborIQ, to translate these reports and give us a picture of what the future holds for recruiting. Her report will be coming out soon. But, in the meantime, the current state of the U.S. job market seems to have sparked layoff anxiety among Americans this recent article from AOL.com.
The Labor Department’s report for July shows a significant decline in hiring, with only 114,000 jobs added, which is 35% fewer than expected. The unemployment rate increased to 4.3%, the highest since October 2021, with approximately 7.2 million Americans currently jobless. A MarketWatch poll reveals that 36% of American workers are experiencing layoff anxiety, and 70% are preparing for potential layoffs by saving money or looking for new job opportunities. Additionally, 40% of workers say they would run out of money within a month if laid off.
Read more at AOL.com
Following a bumpy start to 2024, worker morale remains on uncertain footing as the U.S. Worker Confidence Index™ (WCI) declined again in the second quarter of 2024. Although the WCI remains at above-average levels, overall worker confidence fell another 4 points, from 111.3 to 107.3, in Q2 2024. This is 7.6 points less than the WCI’s all-time high of 114.9, measured in Q4 2023. The WCI, a survey of U.S. workers commissioned by HRO Today magazine and Yoh, a leading international talent and outsourcing company owned by Day & Zimmermann, gauges full-time workers’ perceptions of four key aspects of worker confidence: perceived job security, perceived likelihood of a promotion, perceived likelihood of a raise and overall trust in company leadership.
Get the full report at YOH.com
The article “14 Key Elements of Your Employer Brand and How to Review Them” on PharmiWeb discusses essential components that constitute a strong employer brand and provides guidance on evaluating them. Some of the key elements include:
The article from Lucy Walters provides a deeper dive into these employer brand elements.
