💄Glow ups

👋 Happy Thursday! Today, we're celebrating the 25th edition of the RecruitmentMarketing.com Weekly. Since the start of our newsletter earlier this year, we've grown into a community of several thousand subscribers who keep up with us every week to see all that’s happening in the world of talent. We wanted to take a moment to thank you for being a part of this with us. 🙏 

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— Team RecruitmentMarketing.com ✨

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

🗞️ Entry-level job postings have a fresh look
🌎️ CHROs spending more time on TA
💰️ Recruitics launches new market data index
💼 Open TA roles at Snap, eBay, Blackstone
💻 Layoffs at TikTok, GoPuff, Pixar

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This week, reporters from the Wall Street Journal analyzed hundreds of entry-level job postings from companies seeking college grads.

What they revealed …
… was an illuminating image of what an entry-level job looks like nowadays. And it’s quite different from years past: $100,000+ pay packages, promises of quick promotions, flexible remote work policies, and even student-loan reimbursements.

What’s changed?
A lot. Most entry-level JDs, the reporters found, now specify the company’s remote work policy. And roles that are fully in-person make sure to boast about the perks of being in the office. Fintech company Robinhood, for example, hypes up its “lively office environment with catered meals, fully stocked kitchens, and geo-specific commuter benefits.” In addition, thanks to new pay transparency laws in states like New York, college grads can see—and be lured—by salary ranges directly on job postings. And this matters more than ever, according to research: A recent poll of 2,000 college grads showed young professionals care more about salary than paid time off and remote work, the report noted.

Tips from the pros.
In addition to juicing up the salary and office benefits, college graduates also care about a clear path to professional development opportunities, according to Third Bridge talent head Heather McClory in an interview for the WSJ piece. “There’s much more likelihood of someone leaving if they don’t have [this] picture,” she told the reporters. Including information about corporate leadership programs, promotion timelines, and performance-based bonuses are all strong tactics to ensure entry-level candidates see a sparkly future at the company.

Remember, competition is fierce …
… for entry-level roles right now. A separate report from Bloomberg this week details how COVID-era grads are facing a tough job hunt. While overall U.S. unemployment is low, landing entry-level jobs in finance, tech, and consulting is tough. After layoffs at big-name companies, fewer people are quitting, making these sectors uber-competitive, reports Bloomberg. One job-search platform says confidence among entry-level workers is the lowest since 2016.

“Utterly demoralizing.”
In the New York Times earlier this month, business columnist Peter Coy wrote about what he was hearing anecdotally from college grads on the hunt for jobs. “When I asked new college graduates last month to tell me about their job searches, I got back a ton of heartache,” he wrote. “Unanswered applications. Lowered expectations. For some, a sense that college was a waste of time and money.” Many told the same story of applying to 400+ open roles, only to hear back from a few (with rejections, that is). One grad wrote about her experience on the hunt: “[It’s] exhausting. Utterly demoralizing.”

📥️ Read more in The Wall Street Journal

NUMBERS

Numbers That’ll Make You Think

• 56% — The percentage of CHROs who say they are spending more time in their role on TA today than they did two years ago, according to a new iCIMS (learn more) survey (PR Newswire)

• $15.7 million — The record-high average pay for CEOs of America's biggest companies in 2023, with several making more than $50 million (Wall Street Journal)

• $3.6 million — The cost of the federal penalty imposed on processed foods supplier Zwanenberg Food Group after two separate injuries—which led to amputations—were suffered by temp workers at its plant in Cincinnati (SIA)

• 300 — The number of Fortune 500 firms infiltrated by a scheme where North Korean IT workers posed as U.S. employees, paying out at least $6.8 million benefiting foreign individuals and entities (HR Dive)

• 85% — The rise in work-life balance and employee engagement recorded at a Turkish company that tested out a four-day workweek, which it now says will be made a permanent company policy (Fortune)

• 58% — The average earnings gap between men and women in freelancing, with men earning more, according to a new study (SIA)

• 41% — The percentage of LGBTQI+ workers who say they have faced discrimination at work, according to a new report (Randstad)

INDUSTRY INSIGHTS

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

• Recruitment analytics platform Recruitics (learn more) announced the launch of its new talent market index, providing the most accurate and current assessment of employer demand and job seeker supply in the market to date, according to the company (RecruitmentMarketing.com)

• Learning tech giant Cornerstone acquired SkyHive Technologies to drive a skills-centric future of work for an undisclosed sum (Unleash)

• Workers at two Mercedes-Benz factories in Alabama voted against UAW representation in a blow to the union’s Southern strategy (NYT)

• Diversity-focused hiring platform PowerToFly (learn more) acquired online coding education company Skillcrush, expanding its AI-led hiring and upskilling solutions for diverse candidates (RecruitmentMarketing.com)

• Executive search firm Egon Zehnder named Francesco Buquicchio as its CEO, succeeding Edilson Camara, who will step down in November (SIA)

• Education staffing firm Zen Educate raised $37 million in a series B funding round and also acquired Aquinas Education, a UK-based education staffing firm (SIA)

A MESSAGE FROM DALIA

Want to learn about the newest recruitment marketing and employer branding strategies for high-volume hiring?

Join Dalia for a dynamic webinar where industry leaders from Wells Fargo, Great Clips, and Rally will reveal their strategic blueprints for attracting the right people into their pipeline faster.

Register now 📥️ 

OPEN ROLES

Jobs You Might Want (For Yourself!)

• Wellness company hims & hers is hiring a Senior Technical Recruiter, based remote, with headquarters in Milwaukee, WI

• Technology company Snap is hiring a Senior HR Business Partner, based in San Francisco, CA

• Food and beverage company Keurig Dr Pepper is hiring a Human Resources Business Partner, based in Houston, TX

• Higher education institution Stanford University is hiring an Assistant Recruiting Coordinator, based in Stanford, CA

• News outlet The Associated Press is hiring a Senior Recruiter, based remote, with headquarters in New York, NY

• Online marketplace company eBay is hiring an Executive Recruiter, based in San Jose, CA

• Asset manager Blackstone is hiring a Recruiting Assistant Vice President, based in New York, NY

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

• Recruiting startup SeekOut laid off approximately 30% of its workforce last week (TechCrunch)

• Social media platform TikTok is planning to lay off large swaths of its operations and marketing workforce, according to internal sources with knowledge of the plans (CNN)

• Delivery platform Gopuff will cut 6% of its workforce in a move that will position the company for its “next leg of growth” (Bloomberg)

• Movie studio Pixar let go 14% of its workforce, or 175 people, on Tuesday (Variety)

• Heath care company Optum is closing a plant in Ohio, laying off 129 employees (Health Care Finance News)

• Home COVID-19 test maker Cue Health is shutting down operations and laying off staff in San Diego (Fierce Biotech)

• Education technology company Guild is laying off 120 employees, or about 12% of its workforce (Denver Post)

WEEKLY POLL

Share Your TA Insight

 👋 Thanks for reading!