🤦‍♀️ Only 1 in 10 women

...think their company is taking gender equality seriously.

June 06, 2024

👋 Welcome back! If it brings you any comfort, even CEOs cringe over something they said to a coworker.

“I have a deep feeling of love for all of you,” Airbnb CEO Brian Chesky wrote in a 2020 letter to employees he was laying off, words he now says he regrets: “I wrote that letter fairly quickly,” Chesky said on a recent podcast appearance. “I didn’t have a lot of time, and so I wrote what I felt and that’s what I felt, and I was pretty emotional when I was writing it.” Yes, cringe. But also cute!

— Team RecruitmentMarketing.com ✨

Today’s edition is a 5-minute read. Here’s what to expect👇

🗞️ Deloitte’s 2024 “Women @ Work” report
🌎️ AI salaries nearing $700k
💰️ Ashby raises $30m Series B
💻 TA roles at Fanatics, Blackstone
💼 Layoffs at Google, Microsoft

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NEWS
One Thing You Should Know This Week
Deloitte Releases Annual “Women @ Work” Report

This week, consulting giant Deloitte dropped their annual Women @ Work report, and it’s a mix of progress and *sighs* we need to do better.

Why it matters.
Deloitte’s survey, which polled over 5,000 women in 10 countries, shows that despite ongoing efforts, gender equality still has a long way to go. Nearly all women (95%) feel that requesting or taking advantage of flexible working opportunities will jeopardize their chance to climb the ladder, and a jaw-dropping 43% have faced some form of harassment at work in the past year.

Mental health remains a challenge.
Stress levels are sky-high, with 50% of women saying they're more stressed now than they were a year ago, and over half (56%) saying their mental health struggles decrease their productivity. The report suggests that our new work-from-anywhere world isn’t helping, with blurred lines between work and home life adding to the stress pile.

Work-life balance …
… remains a significant struggle. 60% of women say they struggle to keep the scales even, citing heavy workloads and not enough flexibility as major culprits.

Women are working through health issues.
Over a quarter of women said they face significant health challenges from menstruation, menopause, or fertility issues. Over 40% said they have pushed through menstrual pain without taking time off, and 39% said they have endured menopause-related discomfort at work (this number nearly doubled from 2023). Discussing these health issues with managers remains uncomfortable for many, with a higher proportion of women reporting career setbacks after such conversations than last year.

Why you should care.
Most women are sticking with their employer for about two and a half years—and it's clear why. Only 1 in 10 think their company is seriously tackling gender equality, and just a quarter say they see a diverse leadership team above them. Adding to the challenge, 40% of women have faced micro-aggressions or harassment this past year, and nearly half worry about their safety at work or while traveling for work. Plus, a quarter say they have had to deal with inappropriate comments or actions from senior leaders. It’s no surprise that while 75% of women say they want to climb to senior leadership, 25% don’t feel the same way.

Reality check.
“The stark reality conveyed by this data cannot be ignored,” Deloitte executives Emma Codd and Elizabeth Faber said in the report. “It is our hope that organizations will use this critical insight to help drive meaningful and sustained change and enable gender equality in workplaces around the world.”

Learn more from Deloitte’s 2024 Women @ Work Report 📥️ 

NUMBERS

Numbers That’ll Make You Think

  • $680,004 — The annual salary of the top open job in AI, according to an analysis of BLS data (Veritone)

  • 54% —The percentage of LGBTQ+ identifying women who have experienced micro-aggressions or harassment, including sexual harassment, in the workplace (HR Brew)

  • 12.6% — The rise in the median pay package for CEOs in 2023, up to a record-high $16.3 million (AP)

  • $162 million — The value of the pay package for Broadcom CEO Hock Tan, the highest earner across all 341 executives at S&P 500 companies surveyed in the AP’s recent compensation study (AP)

  • 200 — The number of years it would take the average worker in the middle of the company’s pay scale to make what their CEO did in just one year, at nearly one-half of companies in the S&P 500 (AP)

  • 1 million — The number of external applications Goldman Sachs says it reviewed in 2023 for open roles at the firm (LinkedIn)

INDUSTRY INTEL

M&A Deals, Industry Moves, & Other Things To Know

  • Job openings in the U.S. shrank for the second month in a row, setting a new three-year low amid further signals of cooling in the labor market (CNN)

  • Workforce solutions provider Kelly completed its acquisition of Motion Recruitment Partners (SIA)

  • Retail giant Walmart is offering new perks for its hourly U.S. workers, ranging from a new bonus plan to opportunities to move into skilled trade jobs within the company (Fast Company)

  • Healthcare staffing company Ingenovis Health appointed Kelly Duggan as the new president of its subsidiary Trustaff (SIA)

  • AI-powered recruiting startup Ashby secured $30 million in a Series B funding round (HR Tech Feed)

  • Miami's job market boomed, but the rising cost of living and housing are causing some concern among residents (Wall Street Journal)

  • Staffing firm Onward Search promoted Melissa Walsh to VP of sales and growth marketing (RecruitmentMarketing.com)

  • Staffing firm Employbridge appointed Teri Miller as its new chief financial officer (SIA)

HIRE INNOVATIONS

It’s your last chance to register for Hire Innovations, a free, virtual event dedicated to the future of recruitment and talent acquisition technology, featuring Innovation Briefs from: 

🚀 Linda Lee, Talent Partner at AI Fund: Linda will inspire us on the topic of the Future of Work from the perspective of her work in VC and AI.
🌟 Deidra Cox, Founder of Career Imagery: Deidra will start the event talking about the Future of Employer Branding, using her personal experience to help your company go further, faster.

Plus, attend tech breakouts from our friends at Public Insight, Teamtailor, Dalia, and Jamyr.

🗓 June 12, 2024
⏰ 12 - 2 PM ET

Secure your free spot now before it's too late! 📥️ 

OPEN ROLES

Jobs You Might Want (For Yourself!)


For more of these roles delivered to your inbox every Monday, subscribe to the RecruitmentMarketing.com Weekly Jobs newsletter by clicking here. For a full list of open roles, head over to our TAlent Job Board by clicking here.

LAYOFFS

Places For You To Source Fresh Talent

  • Tech giant Google cut 100 employees in its cloud division, citing increasing AI competition (CNBC)

  • Accessibility startup OrCam will reduce 50% of its workforce, primarily in marketing and sales (Ctech)

  • Agriculture insights platform Gro Intelligence is shutting down operations following a layoff of 60% of staff in March, due to recent financial struggles (AgFunder News)

  • Software giant Microsoft laid off approximately 1,500 employees in the company’s cloud division, as part its plans to cut 10,000 employees announced last year (Business Insider)

  • SaaS procurement company Tropic announced it will lay off 40 employees to focus on product growth (LinkedIn)

  • Flight tracking company FlightStats is laying off 73 employees in the software and technology branch as they work to consolidate international operations (OregonLive)

  • Cancer care platform startup Jasper Health will lay off about half of its 48-person workforce (TechCrunch)

WEEKLY POLL

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