👋 Hi there! We’re back … for the first time since last year! Cheers to 2024 🥂

Did you make any New Year's resolutions? According to a Forbes survey of 1,000 U.S. adults, only 7% of respondents said their resolution was to improve their work-life balance, and an even lower 3% of respondents said their resolution was to perform better at work. 🤷

At RecruitmentMarketing.com, our New Year’s resolution is consistent with our everyday mission to empower our community of talent acquisition professionals, like yourself. As part of this, RecruitmentMarketing.com is launching a job board, dedicated specifically to talent acquisition jobs. We’d love for you to check out an early preview of the platform here.

Questions? Feedback? As always, we want to hear from you on how we are doing.

— Team RecruitmentMarketing.com ✨

Today’s edition is a 4-minute read. Here’s what to expect👇

🗞️ Rise of ‘New Collar’ jobs
🧑‍💼 BLS report on worker injuries
💻 Xerox, Cheddar News face layoffs
📋 iCIMS snags new CEO

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This week, business reporter Lora Kelley wrote for The New York Times on the rapid emergence of “new collar” jobs in emerging high-tech fields like artificial intelligence, cybersecurity, electric vehicles, and robotics.

What does this mean?
“New collar” jobs are roles that require specialized skills, but not necessarily a college degree. The term was coined by Ginni Rometty, the former chief executive of IBM, in 2016. “Even as many seek to revitalize traditional industries, lasting job creation will require an understanding of important new dynamics in the global labor market,” Rometty said. “This is not about white collar vs. blue collar jobs, but about the ‘new collar’ jobs that employers in many industries demand, but which remain largely unfilled.”

What do the numbers say?
Job postings not requiring a college degree rose 90% from 2021 to 2022, according to LinkedIn. Simultaneously, data from Pew Research in 2021 shows that approximately 60% of Americans who are 25 or older do not have a bachelor’s degree.

What are companies doing about this?
Not as much as they should do, it seems. A report from Boston Consulting Group found that while an estimated 50% of the global population needs “new skills to meet shifts in demand” driven by new technologies, only 24% of polled company leaders see a clear connection between corporate strategy and reskilling efforts. As a result, investments in reskilling efforts on average comprise only 1.5% of their company’s total budgets.

How are policymakers responding?
In 2017, 2019, and 2021, the House introduced versions of a New Collar Jobs Act, which aimed to promote jobs and training in fields like cybersecurity and AI, according to Kelley’s NYT report. The bills, however, did not pass.

📥 Read more in The New York Times.

NUMBERS

Numbers That Make You Think

• 5,486 — The number of fatal work-related injuries reported in 2022, a 5.7% increase from the number in 2021, according to a new report (BLS)

• 700,000 —The number of Americans that could be put out of work by a new minimum wage law that raises the federal rate to $19 by 2029, according to a Congressional study (SHRM)

• $970 billion — The estimated size of the work technology market in 2029, an increase from $562 billion in 2023 (WorkTech)

• 1.4 to 1 —The ratio of job openings to unemployed people, down from a pandemic peak of 2 to 1 (Bloomberg)

• $148 billion — The value of goods that Americans are expected to return to retailers following the holidays, according to a new report (NYT)

A MESSAGE FROM RECRUITMENTMARKETING.COM

LAYOFFS

Places For You To Source Fresh Talent

• Digital news start-up The Messenger cut over two dozen employees as it faces dwindling cash reserves (The New York Times)

• Hyperloop One, the futuristic company building tube-encased transportation lines, is shutting down, terminating an estimated 200 employees (Bloomberg)

• Xerox said it was cutting 15 percent of its workforce as part of a restructuring effort (NYT)

• Financial news channel Cheddar News laid off several staffers Tuesday, days after the network was sold by cable company Altice USA (NY Post)

INDUSTRY MOVES

Your Colleagues Making Moves in HR

• Jason Edelboim is joining iCIMS as its new CEO. Edelboim was formerly President and Chief Operating Officer of Dataminr, an emergency notification software platform (LinkedIn)

Did your colleague get promoted or make a career move? Let us know.

OPEN ROLES

Jobs You Might Want (For Yourself!)

• Language-learning application Duolingo is hiring a Head of Talent Acquisition based in Pittsburgh, PA

• Comcast is seeking a Human Resources Director based in Washington or Colorado

• Adobe is searching for an HR Business Partner Director

• Supply management startup Crafty is seeking a Vice President of People

• Financial services firm Northwestern Mutual is hiring a Talent Acquisition Specialist

• Video platform Vimeo is searching for a Head of Benefits, based in NYC or remote

Are you hiring for a role on your HR team? Check out our Recruitment Marketing Job board here.

INDUSTRY INSIGHTS

Before You Go … Other Things To Know

• Kickstart your 2024 talent acquisition with strategic insights and real-world case studies in our latest guide

• Contributing author LaKeisha Fleming, gives you tips on how to streamline your hiring with our latest insights on efficient application processes that candidates love

• RecruitmentMarketing.com’s head of content Rodney Hess, unveils how AI chatbots are game changers in streamlining talent acquisition and recruitment efficiency

• Explore the opportunities associated with integrating AI with DEI strategies to revolutionize modern recruitment practices for a more equitable hiring landscape

 👋 Thanks for reading!