Top Stories: The Impact of Tech Layoffs on the Job Market, the Shrinking Future of College, and More!

The Most Interesting Recruiting Stories of the Week

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:

How Tech Layoffs Are Transforming the Job Market

“The balance of power has shifted from job seekers to tech employers,” GeekWire reports. “For quite some time, there have been more available tech jobs than people qualified to fill them, putting engineers and experienced tech workers in positions of strength when looking for work and negotiating pay. It might seem like a lifetime ago, but it was just this year that Amazon, Microsoft and others boosted compensation to keep pace with inflation and retain employees. Compared to that, the past few weeks feel like an alternative reality.”

The Incredible Shrinking Future of College

“The population of college-age Americans is about to crash,” according to Vox. “It will change higher education forever.” As it will the labor market.

Candidates Are Hiding Their True Selves to Avoid Bias

From Inc.: A new report “found that many candidates (50%) feel their race, gender, or ethnicity has hindered them in securing a job; Black (59%) and Asian (59%) employees were the most likely to feel this way. In an attempt to avoid bias in the hiring process, candidates are proactively hiding their external qualities, such as:

  • Removing their picture from LinkedIn (50%)
  • Covering up tattoos or piercings (47%)
  • Hiding a physical disability (44%)
  • Not speaking in their normal accent (44%)
  • Not wearing their natural hair (42%)”

The Impact of Disability Hiring on Your Talent Pool

“If you give any leader the opportunity to increase their talent pool of potential employees by 15% — with all these new hires belonging to an underrepresented group — they’d jump at the chance, especially given tight labor markets and CEO desires to increase headcount,” Fast Company reports. “Yet too few leaders realize that, according to the U.S. government, people with disabilities are the largest underrepresented cohort in this country. Some 50 million people, that is 15% of the population, are living with disabilities.”

What If You Pay Workers Their Full Salary to Work Fewer Days?

“Companies in the United Kingdom are about to complete the biggest trial of a four-day work week ever undertaken, anywhere in the world,” according to NPR. “The program’s thesis was a provocative one: that for six months, these companies would reduce their workers’ hours by 20%, to 32 hours a week, but continue to pay them 100% of their pay.”

Average Time to Fill is 41 Days: Dissecting the Findings of iCIMS’ Workforce Report

“As of September, employers have been receiving 21 applications per opening, an increase of 20% since the beginning of the year,” this ERE.net article points out. “But before you deduce that the talent shortage is over, the open secret is that there never was a talent shortage to begin with. For various roles in certain industries, however, there has instead been a skills shortage.”

Read the most interesting recruiting stories of past weeks here.


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Stay in Touch

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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Thanks for reading!

Vadim Liberman is editor of ERE.net and TLNT (the devil wears TJ Maxx) — a workplace renegade advancing how we think, work, and live. He has previously worked as a strategy consultant to HR and recruiting tech companies at The Starr Conspiracy, as a talent management professional at Prudential, and as senior editor of The Conference Board Review, a magazine for business leaders. Vadim loves to talk about all things HR, talent acquisition, and Bravo TV shows. Bring it!

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