🎯 Jobs after Trump

👋 Hi there! So, the election is over—now what?

The dust has settled, and whether you're relieved, restless, or somewhere in between, one thing’s certain: Work goes on. As hiring challenges continue to shift, it’s tempting to lean on HR tech as a quick fix. But tech isn’t a cure-all. It works best when aligned with a solid strategy. That’s why Talivity’s here to help — check out the full video from our recent virtual event, “Employer Brand Authenticity in an Election Year” to make your next move.

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— Team Talivity ✨

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

🗞️ Post-election job market braces for changes
🌎️ New year, new job
💰️ Staffing 360 gets acquired
💼 Bumble, Meta hiring for TA roles
💻 Layoffs at Block, Tidal
📆 Can't miss upcoming industry events

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A new factor is influencing hiring decisions beyond the usual market forces: political uncertainty. The Federal Reserve's latest reports suggest some companies are hitting the brakes on hiring until they have a clearer picture of America's political – and economic – future. And with Donald Trump's victory earlier this week, the job market enters a new phase as businesses shift from election uncertainty to preparing for significant policy changes that could reshape hiring landscapes across industries.

🖼️ The big picture.
The job market faced a temporary slowdown as businesses grapple with pre-election jitters. According to the Fed's latest Beige Book, hiring had become notably subdued, with many companies sticking to replacement hires rather than growth positions. Now, the pre-election hiring pause is likely to give way to sector-specific momentum as companies process the implications of Trump's promised policies. From potential tariffs to immigration restrictions, businesses are recalibrating their workforce strategies. Tech companies particularly face a complex future, with Trump promising both deregulation of AI and increased scrutiny of major platforms.

🧮 By the numbers:

• 30% of companies delayed hiring decisions pending election results

• Manufacturing activity contracted for 6 consecutive months

• September still added 254,000 jobs

• Tech sector seeing 86% increase in job seekers since 2020

• Background screening volumes showing reduced hiring

• Small business spending is notably cautious

💼 What this means for TAs.
Prepare for sector-specific shifts. Industries like traditional energy, manufacturing, and defense might accelerate hiring, while tech and sectors dependent on international trade may proceed more cautiously. Focus on understanding how Trump's proposed policies – from immigration restrictions to corporate tax cuts – could affect your industry's hiring patterns. Build flexible talent pipelines that can adapt to rapid policy changes.

👔 What this means for job seekers.
Different sectors will face different trajectories. Healthcare professionals should remain in high demand regardless of policy changes. Tech workers might see a more complex landscape, with Trump promising both AI deregulation and increased scrutiny of major platforms. Consider how potential immigration restrictions might affect H-1B visa programs when planning your career moves.

🔮 Looking ahead.
The transition period through January will be crucial for understanding how campaign promises translate into policy. Watch for early signals in key areas like tariffs, immigration, and tech regulation. Industries like construction and agriculture could face workforce challenges if immigration policies tighten, while domestic manufacturing might see new opportunities. The key will be staying informed about sector-specific impacts and being ready to adapt as policies take shape.

📥️ Read more in Business Insider.

NUMBERS

Numbers That’ll Make You Think

• 58% — Of US workers back their company's DE&I efforts, proving that "diversity" isn't just for the mission statement. (Staffing Industry)

• 56% — Of US workers planning to pursue new job opportunities in 2025. You know the saying…"New year, new job!" (Staffing Industry)

• 90% — Of US workers value having colleagues from different age groups. Okay, Boomer, meets okay, Zoomer... (Talivity)

• 2.5% — The current unemployment rate in Hartford, CT, the lowest among large US metros. (Staffing Industry)

HIRE INNOVATIONS

Innovation at the Intersection of Tech and Human Potential

🚀 Unlock cutting-edge hiring insights over three transformative days at Hire Innovations Fall 2024: Innovation at the Intersection of Tech and Human Potential! From hiring top talent to embracing neurodiversity and leveraging AI, you’ll gain 2025-ready strategies. Join experts like Anna Thielke, Kate O’Connor, Justine Haigh, Torri Wright, Sahil Mansuri, Crystal Lay, and Austin Anderson as they share actionable steps for inclusive and effective hiring.

👉️ Secure your free spot today.

INDUSTRY INTEL

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

• Staffing provider Staffing 360 to be acquired by Atlantic International in a share swap deal. From partnership to marriage: a staffing love story… (Staffing Industry)

• Background screening giant First Advantage completes $2.2 billion acquisition of Sterling Check. What happens when two background checkers need to check each other's backgrounds? I guess we'll find out soon. (HR Tech Feed)

• OpenAI CEO Sam Altman says he hires based on talent, not age. Finally, someone's judging the code, not the coder… (Business Insider)

• Turbulence ahead for aircraft manufacturer Boeing as it dissolves its DE&I team amid ongoing company challenges. (HR Brew)

• HR tech leader Workday partners with Compa to bring real-time compensation data to customers. Because last year's market rate is so… last year? (HR Tech Feed)

• Chinese students are now paying thousands for prestigious internships amid fierce competition. 'Paying your dues' takes on a whole new meaning… (Nikkei Asia)

• Healthcare staffing leader AMN Healthcare welcomes Tomya Watt as new Chief People Officer. The doctor is in... the HR department! (Globe Newswire)

OPEN ROLES

Jobs You Might Want (For Yourself!)

• Gaming company Roblox is hiring a Senior Technical Recruiter based remote, with headquarters in San Francisco, CA

• Talent solutions company AMS is hiring a Recruiter based remote, with headquarters in San Francisco, CA

• E-commerce company Amazon is hiring a Sourcer Recruiter based remote, with headquarters in Chicago, IL

• Video platform company Vimeo is hiring a Technical Sourcer based remote, with headquarters in New York, NY

• Aerospace company SpaceX is hiring a Technical Recruiter based in Austin, TX

• Social media company Meta is hiring a Recruiter based in Austin, TX

• Financial technology company Intuit is hiring a Staff Talent Sourcer based in Plano, TX

• Financial data company PitchBook is hiring an Associate Recruiter based in New York, NY

• Software company Adobe is hiring an Executive Sourcing Partner based in San Jose, CA

• Social networking company Bumble is hiring a Talent Partner based in New York, NY

• Social media company TikTok is hiring an Executive Sourcer based in Los Angeles, CA

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

LAYOFFS

Places For You To Source Fresh Talent

• Accounting giant KPMG to lay off 4% of US audit workforce, affecting about 330 employees. (WSJ)

• Music streaming platform Tidal eliminates entire product marketing team as part of company restructuring. (Engadget)

• IT management platform Atera reduces workforce by 6%, letting go of 20 employees. (CTech)

• Payment company Block plans additional layoffs across multiple divisions, including Tidal and TBD. (Fortune)

EVENTS

Join Us For These Upcoming TA Events

• Hire Innovations: Fall 2024
  📆 November 19-21, 2024 | 1:00 PM ET Daily

  ⚡️ Hire Innovations Fall 2024 is a dynamic 3-day virtual event designed to inspire and introduce you to cutting-edge technologies revolutionizing the hiring process.
  👉️ Register here.

👋Thanks for reading!