Welcome to “The Most Attention-grabbing Recruiting Tales of the Week,” a weekly publish that options expertise acquisition insights and data from across the net to kick off your weekend. Right here’s what’s of curiosity this week:
Breaking the Layoff Cycle: How Corporations Can Keep away from Over-Hiring
“Though layoffs have been widespread within the enterprise world for many years, there’s been a vicious cycle lately,” Quartz at Work reviews. “Corporations which have seen unprecedented development and success throughout covid have led a tradition of over-hiring and over-spending, quickly increasing their workforce and taking up more and more formidable tasks. As these corporations face financial uncertainties and altering market situations, they resort to layoffs as a part of a cost-cutting train. And in lots of instances, they minimize previous the fats, past the muscle, and into the bone of their capabilities.”
New Report: Temp Hiring Surges to 25%, As SMBs Scale back Full-Time Hires
“Small enterprise house owners’ charge of hiring solely momentary, part-time staff and contractors has skyrocketed to a report excessive of 25% — up six proportion factors from 19% in February,” in line with Alignable. “In actual fact, in at the very least the previous six months, the momentary, part-time hiring charge has by no means even handed 20% not to mention 25%. And March’s charge is nineteen proportion factors increased than it was in December at simply 6%, representing fairly an uptick.”
Recruiter.com Launches AI-Powered Candidate Pitch Net App
Recruiter.com, “which helps to streamline the hiring course of for employers and job seekers alike, revealed that it has beta launched Candidate Pitch, a novel app powered by OpenAI’s ChatGPT,” in line with Proactive Group. “The New York-based recruiting platform firm mentioned the app ‘immediately converts resumes’ into attention-grabbing profession profiles utilizing synthetic intelligence (AI). In a nutshell, it streamlines the time-consuming job search course of, enabling job seekers and recruiters to create persuasive text-based summaries that showcase a candidate’s distinctive abilities and expertise.”
U.S. Workplace Emptiness Charge Hits All-Time Excessive
From Axios: “12.9% of workplace area is vacant, marking the sixth straight quarter the speed has elevated and up from a post-financial-crisis low of 9.4% within the second quarter of 2019, CoStar Group reviews.”
Interview Pink Flags: Examine Reveals the Components Most Prone to Put Candidates Off Accepting a Job
“Household-like tradition” ranks highest amongst purple flags for candidates throughout interviews. Take a look at this text from Folks Managing Folks to learn what different issues candidates say concern them throughout interviews.
Has the Biggest Job Market in Historical past Ended?
From Korn Ferry: “The best job market ever for workers seems to be over. Whereas economists debate what is going to exchange it, consultants say corporations are already shifting their hiring ways and attempting to reclaim a number of the leverage they ceded to staff of all ranges over the past two years.”
How ChatGPT Might Discriminate In opposition to Candidates
“The Biden administration is contemplating placing restrictions on AI instruments, comparable to ChatGPT, amid rising considerations that the expertise might be used to discriminate in opposition to job candidates and unfold misinformation,” SHRM reviews. “The Nationwide Telecommunications and Data Administration (NTIA) is fielding opinions on the potential for synthetic intelligence audits, danger assessments and different measures to make sure the techniques work as supposed and ‘with out hurt,’ the company mentioned.”
‘AI Higher Than Our Workers,’ Reckon Half of Enterprise Leaders
“Almost half of enterprise leaders reckon AI might exchange people, new information out at present exhibits, however consultants assume job losses brought on by mass adoption of instruments comparable to ChatGPT can be restricted,” in line with Metropolis A.M. “Some 44% of C-suite executives assume AI might carry out duties to the same or higher high quality than people, in line with a ballot of greater than 1,000 enterprise determination makers by YouGov.”
The Downside of Faux Job Postings
On ERE.internet, author Suzanne Lucas explains what’s taking place with “ghost positions” — that’s, corporations conserving questionable job posts up for a lot of months.