💫 Employee wishlist

👋 Good afternoon, TAs! Hold on…did you just yawn while opening this email? You’re not alone.

A new report from Glassdoor this week shows that worker burnout has reached an all-time high. The company examined mentions of “burnout” in workers’ reviews of their employers and found that the term hit the highest percentage of mentions in the company’s history. Time will tell if these folks are in need of a new job, or just some coffee. ☕️

Questions? Comments? Reply to this email—we’d love to hear from you.

— Team RecruitmentMarketing.com ✨ 

👉️ P.S. Not sure what your company needs to take your HR tech to the next level? Tell us your HR tech priorities and needs, and we’ll give you personalized recommendations. It only takes a few minutes to get started.

Today’s edition is a 3-minute read. Here’s what to expect👇

🗞️ Randstad's 2024 Talent Report
🌎️ Accounting woes, healthcare booms, and insurance cuts
💰️ CloudPay secures $120 million funding round
💻 TA roles at The New York Times, Gametime
💼 Layoffs at Stellantis, Cisco

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It turns out employees need more than just a fat paycheck to stay happy on the job, according to a new report this week from HR consulting firm Randstad.

🖼️ The big picture.
Randstad's 2024 Employer Brand Research surveyed over 5,000 Americans, revealing a shift in workplace priorities. While salary still reigns supreme, equity has muscled its way into the top five preferences.

❗Why this matters.

• The workforce is entering a new era where equity and long-term financial security are taking center stage.

• Organizations need to look beyond the traditional salary offer to attract and retain top talent.

• This shift is redefining what it means to be an employer of choice in the coming years.

🧮 By the numbers.

• Attractive salary remains the #1 most desirable trait in employer value propositions.

• Equity enters the top five preferences for the first time.

• A 2% increase in job changes in the latter half of 2023, and a 3% predicted rise in job changes in the next six months seem to underscore a robust trend toward mobility.

• Almost 50% of workers now work remotely at least part-time, up from 42% in 2023.

🤔 What this means for employers.
For employers, this means adopting fairer pay models and building workplaces where everyone, no matter their background or role, can see a future for themselves. It’s a big challenge that will change what it means to be a top employer in the coming years.

💬 Thinking bigger.
"As we dissect the trends from our latest research, it's clear that the American workforce is entering a new era where equity and longer-term financial security are moving to the forefront of employee priorities," Marc-Etienne Julien, CEO of Randstad North America said in a statement. "This shift is a powerful reminder that organizations must look beyond the traditional salary offer to attract and retain top talent."

📥️ Read more in the 2024 Randstad Report.

NUMBERS

Numbers That’ll Make You Think

• 17,000 — The decrease in jobless claims last week, marking the biggest drop in nearly a year, alleviating concerns that the labor market might be cooling too fast. (Staffing Industry)

• 45% — Of companies offer etiquette training as employees return to the office. Looks like "how to make small talk by the water cooler" is back on the curriculum. (HR Brew)

• 640 — U.S.-listed companies cited insufficient accounting personnel as a material weakness in the past year. CFOs, it might be a good time to double-check those spreadsheets. (WSJ)

• 62,000 — New employees hired by the VA in 2023, including 340 psychiatrists. That's a lot of couches! (Military.com)

• 14% — Of insurance companies plan to reduce employee headcount in the next year. (Insurance Journal)

• 59,000 — Average number of healthcare jobs added monthly in 2024, the top count for any industry. Looks like the healthcare industry is in good health. (CNN Business)

INDUSTRY INTEL

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

• Workforce management platform Humanforce is moving forward with a takeover bid to acquire direct-sourcing provider LiveHire. (Staffing Industry)

• HR tech company CloudPay secured a $120 million funding round.(Staffing Industry)

• Early careers-focused recruiting startup RecruitU secured $3.2 million in seed funding. (Fortune)

• Financial services titan Bank of America is under scrutiny for ignoring its own rules to prevent dangerous workloads following the death of an employee. (WSJ)

• Healthcare staffing company AMN Healthcare Services reported a 25.3% revenue drop in Q2. (Staffing Industry)

• Recruitment giant Recruit Holdings, owner of Indeed and Glassdoor, posted a profit rise this quarter. (WSJ)

• A new report from the Wall Street Journal shows that suddenly, hourly workers aren't so hard to find. (WSJ)

• Retail behemoth Walmart adds employee bonuses for hourly US workers. (MSN)

A MESSAGE FROM RECRUITMENTMARKETING.COM

Is your AI-driven hiring process exposing you to unseen risks? Join industry leaders to protect your organization from legal, security, and privacy pitfalls.

Don't miss this exclusive webinar featuring Heather Leigh Flannery, CEO & Co-Founder of AI MINDSystems Foundation and Austin Anderson, CTO of Recruitics, and other experts to be announced. Learn how to navigate complex AI employment laws and stay compliant, protect your data from AI-specific security vulnerabilities, and implement ethical and transparent AI hiring practices.

📆 August 28, 2024 | ⏰ 1-2 PM ET | 🖥️ Live, Virtual

➡️ Secure your free spot now

OPEN ROLES

Jobs You Might Want (For Yourself!)

• Sports technology company Gametime is hiring a Chief People Officer based remote, with headquarters in New York, NY

• Outdoor goods company YETI is hiring a Head of Global Talent Acquisition based in Austin, TX

• Media production company Ghost is hiring a Head of People based in Los Angeles, CA

• Newspaper publisher The New York Times is hiring a Director of Human Resources based in Norfolk, VA

• Retail company Abercrombie & Fitch is hiring a Human Resources Business Partner based in Columbus, OH

• Food and beverage manufacturing company Fresh Express is hiring an HR Recruiter based in Harrisburg, PA

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

If you’re publicly seeking a job, get highlighted during our #TalentTuesday by filling out your profile here.

LAYOFFS

Places For You To Source Fresh Talent

• Auto manufacturer Stellantis plans to lay off up to 2,450 workers at a Michigan truck plant. (NY Times)

• Networking giant Cisco is slimming down and is expected to lay off thousands more in a second job cut this year. (Reuters)

• Android app Nova Launcher faces rocky future after dev team layoffs resulting in 100 people let go from the parent company Branch. (9to5Google)

• Ticketing giant Eventbrite to cut about 100 jobs, reducing headcount by 11%. (MarketWatch)

• Legal tech servicer LegalZoom announces restructuring and approximately $25 million of annualized savings. (Yahoo Finance)

• Automation software READY Robotics, maker of ForgeOS, shuts down. (The Robot Report)

WEEKLY TRIVIA

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