🔍 The AI effect

👋 Hi there! Ever had that sinking feeling a job wasn't quite... real? Turns out, some traders at the world's biggest banks know exactly how that feels. Citadel, the $62 billion investment powerhouse, just sent a stark message to recruiters: stop pitching jobs that don't exist.

Yes, you read that right – fake jobs. The warning comes after reports of headhunters allegedly using phantom roles to extract confidential information from traders at major banks. (And you thought your candidate ghosting stories were bad!)

In an industry where information is currency, this serves as a reminder that ethical recruiting isn't just nice to have – it's non-negotiable.

— Team Talivity ✨

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

🗞️ Writing and coding jobs see 30% AI-related drop
💰️ Dental staffing platform raises $5M
🌎️ Seasonal hiring hits pre-pandemic low
💼 Neuralink, SoFi hiring for TA roles
💻 Layoffs at Bookings, CAA
📆 Can't miss upcoming industry events

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The verdict is in: AI's impact on the job market isn't a future concern – it's already here. A new study from Harvard Business Review analyzing over 1.3 million online job posts reveals dramatic shifts in hiring patterns since the introduction of tools like ChatGPT, with some sectors seeing drops of up to 30% in job demand.

🖼️ The big picture.
Since its emergence, AI's early impact has been swift and sector-specific, creating a more complex hiring landscape than previous technological disruptions. Unlike traditional automation, which primarily affected manufacturing and manual labor, gen AI is reshaping knowledge work, particularly in writing and coding. The changes are happening faster and cutting deeper than previous tech revolutions, with no signs of slowing down.

🧮 By the numbers:

• 21% overall decrease in automation-prone jobs

• 30.37% drop in writing-related positions

• 20.62% decline in software development roles

• 17.01% decrease in graphic design jobs

• 8.57% increase in competition for remaining positions

• 5.71% rise in willingness to pay for complex skills

💼 What this means for TAs.
It's ironic: As AI accelerates job displacement, the need for authentic, human-centered recruitment becomes even more critical. To start, the recruitment playbook needs updating. Focus on identifying candidates with hybrid skill sets – those who can work alongside AI rather than compete with it. Job requirements are becoming more complex, with employers willing to pay more for candidates who can navigate both human and AI capabilities. And, expect to see an increased demand in roles that require emotional intelligence, creative problem-solving, and strategic thinking – areas where humans still maintain a significant edge over AI.

👔 What this means for job seekers.
It's tough love, but now's the time to evolve or risk being obsolete. The most affected sectors (writing, coding, design) require new strategies. But don't get discouraged, and definitely don't put your job search on hold. While some employers are pressing pause, others see this as an opportunity to snap up talent while competition is lower. Target companies that have demonstrated resilience through previous political transitions, and pay attention to sectors less affected by policy changes. Consider developing skills that complement rather than compete with AI, and upskilling in areas showcasing increased demand and pay.

🔮 Looking ahead.
The next wave of change is already building. As AI tools continue to (rapidly) evolve, expect further disruption in knowledge work sectors. However, new opportunities are emerging in AI integration and human-AI collaboration roles. The golden strategy to thriving in this new era will be adaptability and the ability to leverage AI as a tool rather than viewing it as competition. But perhaps most telling is where the market is heading: as routine tasks become automated, employers are already showing they'll pay premium rates for professionals who can combine technical AI fluency with sophisticated human judgment. The future belongs to those who can dance with the robots, not compete with them.

📥️ Read more in Harvard Business Review.

NUMBERS

Numbers That’ll Make You Think

• 10x — Workers with degrees are more likely to have hybrid work arrangements than those without. Finally, student loans buying something other than debt. (The Guardian)

• 35% — Of parents work hybrid, but fathers are more likely than mothers to split time. Dad jokes are now officially a remote work perk. (Financial Times)

• 91% — Of hiring managers say Gen Z needs extra customer service training. Someone tell them "no cap fr fr" isn't an appropriate response to customers. (PR Web)

• 10% — Revenue increase for Indeed parent company despite job posting decline. Less is more, especially when it comes to profits… (HR Tech Feed)

HIRE INNOVATIONS

Innovation at the Intersection of Tech and Human Potential

🚀 Last chance to register for Hire Innovations Fall 2024: Innovation at the Intersection of Tech and Human Potential! From hiring top talent to embracing neurodiversity and leveraging AI, you won't want to miss this three-day, live virtual event to set your 2025 hiring strategy in motion. Join experts like Anna Thielke, Kate O'Connor, Torri Wright, Justine Haigh, Austin Anderson, Crystal Lay, Dan Lockhart, and Sahil Mansuri 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

• Talent acquisition provider Employ Inc. promotes Stephanie Manzelli to CHRO. (Staffing Industry)

• LinkedIn data shows CHRO is now the third fastest-growing C-suite role, right behind data and legal chiefs. This marks the dawn of a new age, where the C-suite's newest power player doesn't code – they culture. (HR Dive)

• Seasonal hiring goes on an early winter break with October retail hiring hitting a pre-pandemic low at 124,700 jobs this year. (HR Dive)

• Experts released a workplace survival manual for post-election stress. Let this be your guide to keeping politics out of the break room. (Washington Post)

• Dental staffing platform Toothio secured that corporate tooth fairy money by landing $5M funding. Here's to scaling teeth and scaling business… (Staffing Industry)

• Global employer platform Oyster receives $5M investment from ServiceNow Ventures. The world of work just got a bigger pearl… (Staffing Industry)

• Consulting giant EY acquires HR tech consultancy Jubilant. Big things happen when number crunchers invest in people power… (Accounting Today)

OPEN ROLES

Jobs You Might Want (For Yourself!)

• AI assistant developer Perplexity is hiring a Recruiting Coordinator based in San Francisco, CA

• Semiconductor leader NXP Semiconductors is hiring an Entry Level Talent Acquisition Associate based in Chandler, AZ

• Advertising network IPG Mediabrands is hiring a Talent Acquisition Coordinator based in New York, NY

• Fintech company Brex is hiring a Senior Recruiting Coordinator based in San Francisco, CA

• Self-driving tech developer Zoox is hiring a Recruiting Coordinator based remote, with headquarters in Foster City, CA

• Data analytics firm Palantir Technologies is hiring a Recruiting Coordinator based remote, with headquarters in New York, NY

• Brain tech company Neuralink is hiring a Technical Recruiter based in Austin, TX

• Finance innovator SoFi is hiring a Talent Sourcer based in San Francisco, CA

• Social media giant ByteDance is hiring a Recruiting Program Partner based in San Jose, 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

• HR tech provider Clutch cuts dozens of positions across multiple rounds of layoffs since August. (Biz Journal)

• Travel giant Booking Holdings announces workforce reduction amid organizational changes. (Skift)

• Electric tractor startup Monarch reduces workforce by 10% as it shifts focus to software and licensing. (TechCrunch)

• Entertainment powerhouse CAA lets go of 20-30 agents across TV and film departments. (Deadline)

• Aircraft manufacturer Boeing prepares to issue layoff notices to 17,000 workers despite recent end to machinist strike. (KOMO News)

• Automaker Nissan plans to cut 9,000 jobs globally and reduce production capacity by 20%. (Auto Blog)

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!