👋 Hi there. We’re thrilled to be back with another edition of the Recruitment Marketing Weekly, serving you all you need to know to stay ahead in the world of recruiting and talent acquisition.

Tick-tock ⏰ … 2024 is almost here! Are you in the thick of project planning for the new year? We know that researching and learning about trends to guide your 2024 talent acquisition strategies can be difficult. Luckily, RecruitmentMarketing.com’s marketing expert Rodney Hess has the work cut out for you: Check out the 2024 Recruitment Marketing Planning Ebook, available exclusively on RecruitmentMarketing.com.

One more pro tip for next year’s planning: Be strategic with your vacation requests and you can turn 11 days of PTO into 44 (!) days of vacation. 🌴

Questions? Feedback? As always, want to hear from you on how we are doing.

— Team RecruitmentMarketing.com ✨

Today’s edition is a 4 minute read. Here’s what to expect👇

🗞️ The newest jobs report
🧑‍💼 Results from a 4-day workweek trial
💻 Layoffs hit EY, other companies
📋 DoorDash, Tesla and TikTok are hiring for HR roles

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WHAT’S HAPPENING? Blue-collar workers are gaining momentum in a cooling job market. This week’s jobs report from the Bureau of Labor Statistics shows that blue-collar workers are riding a wave of stronger hiring, with increased job opportunities and faster pay growth compared to their white-collar counterparts. The jobs report showed that after two years of rapid growth, the market is showing signs of a slowdown, with total job gains decreasing from an average of 399,000 per month to 232,000 this year. 🧑‍🏭

WHO IS HURTING THE MOST? The tech sector, in particular, is still facing a significant pullback with mass layoffs and reduced hiring as it adjusts to higher interest rates and course corrections for a pandemic-era glut. 💻

WHY DOES IT MATTER? High demand for miners, loggers and construction workers — and slowing job prospects for software and IT professionals — has taken a bite out of income inequality, according to reporting from NBC News. 🏦

Read more in NBC News.

NUMBERS

Numbers That Make You Think

• 90% — The percentage of employers in South Africa participating in a four-day workweek trial who said they will stick to the new schedule moving forward (HR Brew)

• $1.27 trillion — The amount in earnings that freelancers in 2023 contributed to the U.S. economy, according to a new study (Upwork)

• 1 in 5 — The proportion of HR decision-makers admitting they have been reluctant to hire women they thought might go on to start families (HRD)

• ½ — The fraction of all workers who indicate they feel stressed or anxious at work, a record high (Gallup via Insider)

• 3,000 — The number of Chinese engineers Volkswagen plans to hire, in a shift to expand operations in China (NYT)

• 4% — The average pay increase employees can expect in 2024, according to a new survey (CBS News)

• 5.3% — The increase in hiring opportunities for college graduates expected in 2024, according to a new survey (Drexel News)

A MESSAGE FROM RECRUITMENTMARKETING.COM

LAYOFFS

Places For You To Source Fresh Talent

• Consulting firm Ernst & Young is laying off dozens of senior-level partners across all its U.S. business units (WSJ)

• Toy manufacturer Hasbro is cutting nearly 20% of its workforce as weak sales for toys and games persist into the critical holiday shopping period (WSJ)

• Telehealth orthodontics company SmileDirectClub, once valued at $3.2B in 2018, is shutting down operations and laying off its entire workforce (CNN)

• Online marketplace Etsy is cutting 225 jobs as part of a restructuring effort (Forbes)

INDUSTRY MOVES

Your Colleagues Making Moves in HR

• Precision Aviation Group announced the appointment of Kyle McGillivray to a newly created role of CHRO (Vertical Mag)

Did your colleague get promoted or make a career move? Let us know.

OPEN ROLES

Jobs You Might Want (For Yourself!)

• The New York Post is seeking a Director of Human Resources based in New York, NY

• Tesla is hiring a Senior Employee Relations Partner based in Sparks, NV

• Amazon is seeking a Senior HR Specialist for its devices and services unit

• The Boston Consulting Group is hiring a Human Resources Senior Specialist based in Chicago, IL

• TikTok is looking for a Global Talent Acquisition Leader based in New York, NY

• NBCUniversal is hiring a Director of Human Resources based in Englewood Cliffs, NJ

• DoorDash is hiring a High Volume Recruiter, based remote

Are you hiring for a role on your HR team? Let us know.

INDUSTRY INSIGHTS

Before You Go … Other Things To Know

• Tasked with selecting holiday gifts for your teams? Check out RecruitmentMarketing.com’s Ultimate Corporate Gift Guide for Recruiters

• Guest contributor LaKeisha Fleming wrote about how benefits and incentives can go a long way in attracting (and retaining) talent

• As part of a series helping talent acquisition professionals prepare for 2024, Rodney Hess published a piece focused on strategies to ensure employee well-being and mental health

• Read more about the latest job numbers in RecruitmentMarketing.com’s reporting from earlier this week

 👋 Thanks for reading!