Welcome to “The Most Interesting Recruiting Stories of the Week,” a weekly post that features talent acquisition insights and information from around the web to kick off your weekend. Here’s what’s of interest this week:
“Starbucks Corp executives and directors have been sued by a conservative think tank that believes the coffee chain’s efforts to promote diversity amount to racial discrimination,” Reuters reports. “In a complaint filed on Tuesday, the National Center for Public Policy Research objected to Starbucks’ setting hiring goals for Blacks and other people of color, awarding contracts to ‘diverse’ suppliers and advertisers, and tying executive pay to diversity.”
According to PwC, “83% of CHROs say their companies are considering or have already reduced overall headcount.” Additionally, “[a]lmost half (48%) of CHROs say it’s likely that voluntary turnover will return to the pre-pandemic rate in the next 12 months. Even more (53%) say it’s likely that the labor market will shift to favor employers over employees in the next 12 months.”
“The U.S. economy shrank in the first half of the year, consumer sentiment plunged amid high inflation and unrest overseas, and some of the biggest names in business have cut thousands of jobs — but America’s labor market hasn’t skipped a beat,” according to CNN. “U.S. employers announced just 20,485 layoffs in August, the lowest year-to-date total since 1993.”
“Through the past quarter, stories of corporate layoffs and hiring freezes have become more common. However, these stories may be more of an exception than the rule when it comes to hiring today,” says Upwork. “According to our survey, 69% of all hiring managers say that they anticipate hiring in the next six months.”
From The New York Times: “Seemingly overnight, the tech industry flipped from aggressive growth, hiring sprees, lavish perks and boundless opportunity to layoffs, hiring freezes and doing more with less.”
“[T]he single most important step in the journey of a refugee is landing a job, and yet, many of them are still struggling to do so,” according to this CNN story. T”hey might lack English fluency; have resumes with work experiences, certifications or company names that are unfamiliar to hiring personnel; or face transportation challenges due to the fact that they lack drivers’ licenses. Companies need to step up to lower barriers for Afghans (and other refugees) to work — both to provide decent jobs, and to offer a ladder from entry-level work to jobs that reflect their backgrounds and qualifications.”
“While companies are struggling to find qualified talent, 38.5% of job seekers believe employers have unrealistic or overly specific requirements,” according to iHire’s new survey. “Meanwhile, 26.0% of candidates said they’ve recently applied for a job even though they didn’t meet the requirements.”
Often, when one tech provider acquires another, companies and tech get integrated. Not so with Employ’s recent acquisition of Lever. ERE tech columnist Lance Haun explains this latest development in TA tech and what it should(n’t) mean for recruiting pros.
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Join the conversation about all things talent acquisition in the ERE Facebook Group. It’s a great venue to gain information, support, and network with fellow peers. We’re talking about some of the stories above, as well as other hot recruiting topics, so come share your own views in the ERE Facebook Group. We’d love to see you there!
Additionally, got questions? Feedback on a story? Or want to pitch a story idea? Get in touch with ERE editor Vadim Liberman at vadim@ere.net.
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