Career Cushioning Is Trending and Why You Should Consider It.
Career cushioning is a strategy professionals use to create backup career opportunities and safeguard against potential job loss or career setbacks. This approach is primarily considered due to job insecurity, low job satisfaction, economic uncertainty, and internal business changes.
Hung Lee, keynote speaker at the upcoming ERE Recruiting Conference, discussed the importance of talent acquisition professionals investing more in themselves. He has encouraged his followers and subscribers to attend more networking events, develop new skills, and start side hustles.
If you want to get started or learn more about career cushioning, begin by networking and attending conferences. This is where most people start because it’s an easy path to building a network and finding new opportunities when the job market is in flux. Learn more about career cushioning here, here, and here.
Career Downsizing and Employee Burnout Is Impacting Recruiting.
Career cushioning has gained popularity due to layoffs in various industries. However, this trend has also led to increased employee burnout and a new phenomenon called career downsizing. When an executive gets too burned out and decides to leave their position, it’s called “career downsizing.” In contrast, walking away is often difficult when an employee is burned out. Senior executives typically have the financial security to leave a stressful job, while most employees must power through.
Career expert Dr. Jasmine Escalera offers valuable insights on managing workplace burnout when career downsizing isn’t an option. Some of Dr. Escalera’s essential tips for managing workplace stress and burnout include:
- Implementing Systemic Changes: Companies must create healthy work environments to prevent burnout.
- Utilizing Support Systems: Professionals can use internal and external support systems to manage stress and burnout.
- Maintaining Career Growth: Finding healthy and supportive work cultures is important while ensuring career growth and earning potential.
Celebrate Wellness for the entire month of August!
Because burnout is at an all-time high, many corporate wellness programs are failing. Hopefully, National Wellness Month in August can turn things around!
Looking for a corporate wellness program? Check out Compt.
New data from Compt reveals why wellness programs often fail, but they highlight innovative approaches to combat burnout effectively.
Key Points:
- Over 80% of companies offer wellness programs, but less than 30% of employees actively use them.
- Traditional wellness programs are falling short, with participation rates hovering around 20-30%.
- In contrast, over 90% of employees participate in their Compt benefits, showcasing the effectiveness of our approach.
Compt’s success lies in personalized Lifestyle Spending Accounts (LSAs), allowing employees to take charge of their health and Wellness. Check out some of their benchmark reports on whether your company will adopt a wellness program in August.
Fiverr has evolved into a hiring platform.
Fiverr’s 2024 summer product release introduces several new features and improvements. Here’s what you can expect from their new hiring platform:
- Profession-Based Talent: Fiverr has introduced a new professions catalog that allows customers to search for freelancers by specific professions and skills.
- Hourly Rates: For the first time, Fiverr Pro freelancers can offer hourly rates, expanding the ways clients can engage with talent.
- AI Integration with Fiverr Neo: The platform has expanded its AI capabilities through Fiverr Neo, which now assists in the search experience, helps create project briefs, and enhances the review process.
In the age of AI, Fiverr is shifting focus from freelance graphic designers making logos to meeting evolving business demands, supplying human talent for more long-term projects.
L’Oréal is revolutionizing recruitment with AI!
They’ve integrated AI tools to streamline hiring, automate initial screenings, schedule interviews, and provide real-time feedback. This means more efficient handling of applications and a personalized candidate experience.
By saving time for the HR team, L’Oréal can now focus on strategic tasks while AI helps reduce unconscious bias, promoting diversity and inclusion.
L’Oréal’s innovative approach highlights the industry trend of leveraging technology to optimize HR functions and boost overall efficiency.
Overall, while L’Oréal’s approach to AI recruitment shares similarities with other large companies, it appears to be more focused on using AI as a supportive tool rather than a comprehensive solution, maintaining a strong emphasis on human involvement in the final stages of recruitment.
(CNN)