🕓 Is it 4:03pm yet?

All you need to know to stay ahead in the world of talent acquisition.

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👋 Happy Thursday! In case you missed it, Gallup released its annual World Happiness Report. For the seventh year in a row, Finland took the top spot, and for the first year ever, the U.S. fell out of the top 20.

One Finnish CEO wrote for Newsweek about how work culture plays a big role in his country’s happiness level: “I strongly believe that having fun and enjoying free time boosts workplace contribution, that's why a healthy work-life balance is vital,” he said. Psst .. hey there, American CEOs—take note!

Something we’re sure will put a smile on your face: On Tuesday, we hosted a webinar highlighting women founders in the talent acquisition space. Read our recap of the event here, or watch the full replay here.

Thoughts? Questions? Comments? Please let us know. We’d love to hear from you.

— Team RecruitmentMarketing.com 

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

🗞️ Women report discrimination in job seeking process
💰️ Nearly all tech execs hire freelancers
📋 NetApp hires new CHRO
💻 GameStop, Nintendo cut roles

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NEWS
Something You Should Know This Week
Women Experience Gender Bias and Discrimination in Hiring Process, According to New Survey from The Muse and RecruitmentMarketing.com

There are more women in the workforce than ever before, yet we still have a ways to go before achieving gender equity at work and in the hiring process, according to the 2024 Women's Workplace Experience Report released this week from RecruitmentMarketing.com and The Muse.

Survey says …
… we have some work to do when it comes to gender equity in the hiring process. Together with The Muse, we asked 1,011 women to share their feedback on the state of the workplace and the hiring process. And while yes, it is, in fact, the year 2024—nearly 60 years following the passage of Title VII of the Civil Rights Act—the gender disparities we found come to no one’s surprise.

Bias is hindering the job search for women.
A concerning 42% of women said they have encountered gender-bias or inappropriate questions during a job interview, and 41% said they have felt discriminated against during a job interview, due to gender. In addition, 38% even said they hesitated to apply for a job based on perceived gender bias.

Geography plays a role.
Notably, there were geographical disparities in the data: 74% of women in the southeastern U.S.—including Kentucky, Tennessee, Alabama and Mississippi—faced discriminatory challenges, almost twice the rate of other regions.

Seniority also plays a role. 
The data showed that as the seniority of respondents increases, so does the likelihood of encountering biased or inappropriate questions during job interviews. More than half (55%) of women in the C-suite say they have been asked inappropriate questions in an interview, and 58% of them have felt discriminated against in an interview, compared to 41% overall on both issues.

The road ahead …
"Our survey with RecruitmentMarketing.com shows that in order to support women's career success and longevity, we must assist them in finding jobs, companies, and career paths that resonate with their fundamental values and priorities,” said Heather Tenuto, CEO of The Muse Group. “We have made some progress as a society, but there is significant room to grow with gender pay equity, inclusive leadership, female-friendly benefits, and placing value on a woman's voice in our workplaces."

📥️ Read more from RecruitmentMarketing.com

NUMBERS

Numbers That’ll Make You Think

  • 4:03 PM — The time of day the average American now leaves work on Fridays, down nearly an hour from the sign-off time in 2021 (WSJ)

  • 90% — The percentage of tech executives who say they hire freelancers during high stress periods (GlobeNewswire)

  • 10 million — The number of jobs expected to be added over the next seven years thanks to a hiring surge in the renewable energy industry, according to a new report (SIA)

  • 28% — The percentage of American workers who say they “rarely or never” receive praise for their work from managers, according to a new survey (TalentLMS)

  • 20% — The percentage of small businesses in February who cut staff, while another 20% of companies hired more staff, and the remaining 60% did not change headcount (US News)

INDUSTRY INSIGHTS

M&A Deals, Industry Moves, & What You Should Read About This Week

  • Outsourcing provider Job Mobz acquired Before You Apply, a platform in the passive candidate sourcing, corporate transparency and employment branding sectors (SIA)

  • AI hiring assistant Metaview raised €6.4 million in a funding round led by Plural (EU-Startups)

  • Employee experience platform Culture Amp, most recently valued at $1.5 billion, announced today that it intends to acquire the people analytics company Orgnostic for an undisclosed amount (PR Newswire)

  • Data intelligence company NetApp appointed iCIMS board member and former Hewlett Packard SVP of HR Alessandra Yockelson as its new chief human resources officer (HRO Today)

  • Frustrated by high unemployment and intense competition, young professionals in China are using Tinder and other dating apps to further their career goals (NBC News)

  • In his latest letter to investors, BlackRock CEO Larry Fink warned about a looming global retirement crisis (NYT)

  • Check out Rodney Hess’ latest e-book on how talent pros can leverage labor market intelligence to get ahead in their roles (RecruitmentMarketing.com)

A MESSAGE FROM RECRUITMENTMARKETING.COM

OPEN ROLES VIA TALENTCONNECT

Jobs You Might Want (For Yourself!)

LAYOFFS

Places For You To Source Fresh Talent

  • Automaker Stellantis, owner of Chrysler, said it will lay off about 400 U.S. salaried workers, representing about 2% of its worldwide workforce (Reuters)

  • Technology company Dell said that it will reduce its workforce as part of a broader initiative to cut costs, bringing its total job cut count to 13,000 over the past fiscal year (Bloomberg)

  • Gaming retailer GameStop said on Tuesday it had cut an unspecified number of jobs to reduce costs amid rising competition from e-commerce firms and weak consumer spending (CNBC)

  • Manufacturing company John Deere says it will lay off more than 300 workers at its Waterloo operations (Des Moines Register)

  • Video game company Nintendo is laying off a number of its contractors that help test its games in its Washington state headquarters, the company said (Kotaku)

WEEKLY TRIVIA

Test Your TA Knowledge

According to a 2021 survey, which of the following is the top reason U.S. workers cited as reason for leaving their job?

Source: Pew Research

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