Talent Trends #23
Now trending, iCIMS, No code AI app building, Recruiting jobs, Quiet hiring, Claude AI
Now Trending 📈
The latest talent acquisition news for this month includes:
HR Dive reported on the lack of career development hindering women from leadership roles, emphasizing the importance of support for career advancement[1].
Korn Ferry's Talent Acquisition Trends 2024 offers a comprehensive look at key hiring trends and strategies to unlock organizational potential in the current job market[2].
LinkedIn's Future of Recruiting 2024 highlights the evolving role of recruiting, emphasizing the collaboration between recruiting and learning and development to prepare internal talent for new roles and align learning programs with business goals[3].
DEI goes underground - The diversification of the global workforce continues to accelerate, with reports linking corporate success to diversity. Forward-thinking leaders are actively seeking to incorporate diverse perspectives at all levels of their organizations, recognizing the value of reflecting diverse constituencies in decision-making processes. Research from McKinsey, The Peterson Institute, Catalyst, and others reinforces the positive correlation between diversity and financial performance. Embracing diversity is not just a trend but a strategic imperative for attracting and retaining top talent. The Ellig Group emphasizes the enduring importance of diversity efforts in driving organizational success and societal progress, highlighting the need to champion diversity, equity, inclusion, and excellence for sustainable growth[4].
These sources provide a glimpse into the dynamic landscape of talent acquisition, focusing on crucial aspects like career development, hiring trends, and the evolving role of recruiters in fostering a skilled and adaptable workforce.
Citations:
[1] https://www.hrdive.com/topic/talent/
[2] https://www.kornferry.com/insights/featured-topics/talent-recruitment/talent-acquisition-trends-2024
[3] https://business.linkedin.com/talent-solutions/resources/future-of-recruiting
[4] https://huntscanlon.com/7-talent-trends-for-2024-and-beyond/
iCIMS adds more AI features
iCIMS just dropped a fresh product release that's got hiring teams going crazy!
Their chief tech wizard Al Smith recently explained that they've harnessed the power of generative AI to cook up some game-changing capabilities. We're talking next-level hiring efficiency thanks to their AI copilot that whips up tailored interview questions and optimized job descriptions in seconds. Mind = blown!
But that's not all, folks. They've also cooked up a sweet solution to streamline the applicant experience across all those pesky job sites. Their new "Apply Network" is a joint force with industry heavyweights to standardize applications. No more candidate drop-off woes!
They also have automated job highlighting to grab attention, smoother interview scheduling, bulk actions for events...the whole nine yards to make your hiring life a breeze. Watch this rollout video to get a better sense of how all of this looks and works.
Build an AI App in Minutes (no coding skills needed)
PartyRock.aws is an innovative and user-friendly AI app-building playground powered by Amazon Bedrock, offering a hands-on experience in creating generative AI applications without the need for coding skills. Users can easily experiment with various foundation models, text-based prompting, and chaining prompts together to build a wide range of apps, from generating dad jokes to optimizing party budgets. With PartyRock, builders can access a web-based UI that simplifies the app creation process, allowing them to share their creations with friends or on social media effortlessly. This platform provides a fun and intuitive tool for individuals to explore the capabilities of generative AI and inspire others through their creations, making AI app development accessible to all without the complexities of traditional coding requirements.
How to get hiring managers to notice you on LinkedIn, from an ex-Amazon recruiter
Here's a fun summary of the advice for a talent acquisition newsletter:
🔥 Become a LinkedIn Superstar! 🌟
Ready to make recruiters swoon over your profile? Follow these sizzling tips from the one and only Brie Mustain:
1. 📝 Share Your Secrets: Write mind-blowing posts that showcase your industry expertise. Give us those juicy insider tips, innovative solutions, or even saucy rants about burning issues. Let your thought leadership shine!
2. 💥 Ignite Engagement: Don't just drop content bombs and disappear. Engage with other thought leaders by leaving witty, insightful comments that make them go "Ooh, this person gets it!"
3. 🕸️ Spin Your Web: Once you've caught their attention, it's time to connect! Send a friendly request and let the banter flow. Build genuine relationships around your shared professional passions.
4. 🚪 Open Doors: With your sparkling online presence and deep connections, you won't even need to job hunt. Hiring managers will be knocking down your door, begging you to join their team!
So, what are you waiting for? Unleash your LinkedIn prowess and let the job offers roll in! 💼🔥
Source: https://www.cnbc.com/2024/03/15/networking-tips-according-to-an-ex-amazon-recruiter.html
Companies Hiring Recruiters
Click a link and go right to the job description. Good luck!
Understanding Quiet Hiring and Its Impact on the Job Market 🤫
In the ever-evolving landscape of the job market, a strategy known as quiet hiring has emerged as a significant trend. Quiet hiring, also referred to as silent or hidden recruiting, is a method where companies fill vacancies without publicly advertising job openings. Instead, they employ headhunting, recommendations, and other discreet methods to identify the best candidates among their existing employees or within their networks. This approach not only aims to retain talent but also to avoid the influx of candidates that typically follows open job ads, thereby preserving confidentiality and privacy throughout the hiring process.
The Rise of Quiet Hiring
Quiet hiring has gained traction for several reasons. Firstly, it allows organizations to save time and money by bypassing the extensive recruitment processes typically associated with public job postings. Secondly, it offers a targeted approach to recruiting, enabling companies to find highly qualified candidates who may not be actively looking for jobs. This method is particularly advantageous in industries with high demand for specialized skills, where quiet hiring can provide a competitive edge by filling critical positions swiftly, often before competitors are even aware of the job openings.
Moreover, quiet hiring can enhance employee morale and productivity by minimizing disruptions within the organization. When employees are unaware of job openings, they are less likely to become distracted or demotivated by the prospect of a coworker leaving. This approach also helps organizations maintain confidentiality, attract exceptional candidates, and streamline the hiring process while minimizing disruption and gaining a competitive advantage.
The Impact of Quiet Hiring on the Job Market
Quiet hiring can significantly impact the job market in both positive and negative ways. On the positive side, it can lead to a more efficient and cost-effective hiring process, allowing companies to fill positions quickly without the need for extensive recruitment efforts. This can result in a more skilled and knowledgeable workforce, as employees are often reassigned to different roles or given additional responsibilities to develop their skills.
However, quiet hiring can also lead to a perception of favoritism among employees not part of the referral network and may create a sense of exclusivity around the hiring process. This can potentially lead to a lack of diversity in the workforce and missed opportunities to tap into a broader talent pool. Additionally, the trend towards quiet hiring can result in a higher emphasis on retaining current staff, leading to a decrease in the frequency of layoffs or mass firings, which can provide job security for employees but may also contribute to a perception of a quieter job market.
While quiet hiring offers several benefits, including maintaining productivity and morale, attracting top talent, and avoiding legal issues, it also presents challenges related to transparency, diversity, and succession planning. Organizations must address these challenges to ensure a balanced and equitable work environment. The potential for employee discontent, lack of transparency, missed internal opportunities, limited diversity and inclusion, and challenges in succession planning are some of the negative impacts of quiet hiring that need careful management.
In summary, quiet hiring is a multifaceted strategy that can significantly impact the job market. While it offers benefits such as efficiency, cost-effectiveness, and the ability to attract top talent, it also presents challenges that organizations must navigate carefully. The perception of a quieter job market due to quiet hiring practices is a testament to the evolving dynamics of the job market, where companies are finding innovative ways to attract and retain talent. As the job market continues to evolve, understanding and managing the impacts of quiet hiring will be crucial for both employers and job seekers alike.
Sources:
[1] https://www.thetalentpoint.com/blog/what-is-quiet-hiring
[2] https://www.gartner.com/en/articles/why-quiet-hiring-is-a-win-win-for-employers-and-employees
[3] https://www.harvardbusiness.org/the-real-way-to-quiet-hire/
[4] https://blog.empuls.io/quiet-hiring/
[5] https://www.forbes.com/sites/forbestechcouncil/2023/04/18/quiet-hiring-a-new-workplace-trend-for-companies/
[6] https://blog.skillsuccess.com/quiet-hiring-statistics-expert-insights/
[7] https://www.ft.com/content/6c8ddab2-ca1d-4817-b705-eae6608a07b2
[8] https://trainingmag.com/how-quiet-hiring-is-changing-the-workplace-for-employers-and-employees/
[9] https://www.forbes.com/sites/carolinecastrillon/2023/01/13/how-quiet-hiring-will-shape-the-workplace/
[10] https://builtin.com/employee-engagement/quiet-hiring
[11] https://www.indeed.com/hire/c/info/what-is-quiet-hiring-pros-and-cons
[12] https://fortune.com/2023/02/08/what-is-quiet-hiring-new-workplace-trend/
[13] https://www.forbes.com/sites/bryanrobinson/2023/02/06/as-employers-tout-quiet-hiring-3-ways-employees-can-navigate-the-risky-trend/
[14] https://factorialhr.com/blog/quiet-hiring/
[15] https://www.shine.com/blog/what-is-quiet-hiring-and-how-can-it-impact-the-job-market
A little about Claude AI Chat
I’ve talked about ChatGPT, Bard/Gemini, Llama, and other AI chat tools, but not much about Claude. That’s because previously I didn’t think it was as good as ChatGPT. But, recently a new version of Claude rolled out and I think it might be as good or better than ChatGPT at writing.
To be clear, I said writing. I don’t think it’s better for some other things but if you just want to re-word something, Claude might be #1 right now.
Here's an explanation of what Claude 3 is, geared towards someone new to AI chatbots:
Claude 3 is an advanced language model, which is a type of artificial intelligence system that has been trained to understand and generate human-like text. It is part of a new generation of AI assistants that can engage in open-ended dialogue and assist with a wide variety of tasks involving natural language.
Unlike traditional software programs that need to be manually coded with instructions, Claude 3 uses machine learning techniques to essentially "learn" how to communicate by analyzing vast amounts of text data. This allows it to pick up on patterns of language, context, and meaning in a way that more closely mimics how humans acquire language skills.
When you chat with Claude 3, it takes your input, interprets the meaning and intent behind your words, formulates a relevant and coherent response, and provides that back to you as natural language output. The responses are generated on-the-fly based on the specific conversation context.
What makes Claude 3 unique is its strong language understanding capabilities combined with a broad knowledge base spanning many topics. So you can ask it factual questions, seek explanations on complex subjects, get advice and recommendations, or even engage it in creative writing tasks. It aims to provide substantive, nuanced responses tailored to your needs.
Of course, Claude 3 is a machine intelligence, so its opinions and knowledge are ultimately based on the data it was trained on. But for many everyday language-related tasks, conversing with an AI like Claude 3 can be a novel and powerful experience as you interact with an system displaying remarkable artificial intelligence capabilities.
Until next time…