Now Hiring: A Newsletter About Staffing, Recruiting, and Talent

Hi everyone, 

The good news is that we’re heading into a holiday weekend here in the U.S. The bad news is that we’re saying goodbye to summer. 

But at least we have the below news to keep us reading: 

📈 Good News for Bosses: Worker Productivity Rises

Productivity is on the rise and workers are putting in more hours, according to a survey of hiring managers released today by Robert Half.

Read more here. 

🇮🇳 And Good News for India: A Skilled Workforce Can Make It Developed by 2047 

India should invest in creating a skilled workforce, putting in place a better infrastructure while undertaking land, labor and taxation reforms to meet its aspiration to become a developed country by 2047, according to International Monetary Fund’s (IMF) deputy managing director Gita Gopinath. 

Read more here. 

😞 Not So Good News for Employees: Workers Lose Hope for Promotions, Raises

Though Americans are a little more confident about their job security in the second quarter of 2024, they’re losing confidence in the likelihood of a promotion or raise and losing trust in company leadership.

Read more here.

🆘 And Bleak News for Robots: Some of Their Projects Could Be Dumped Next Year

At least 30% of generative AI (GenAI) projects will be abandoned after proof of concept by the end of 2025, due to poor data quality, inadequate risk controls, escalating costs or unclear business value, according to Gartner.

Read more here.

🤖 However in Recruiting, the Robots Are Helping in Big Ways

AI adoption in recruitment has skyrocketed, according to employment platform iHire’s 2024 State of Online Recruiting Report released Aug. 20. The poll found that 14.7% of employers now use AI in recruitment, up from 4.9% in 2023.

Read more here.

BY THE NUMBERS

💰$47.3 Billion. The amount of revenue the largest U.S. healthcare staffing firms have generated altogether, according to estimates from Staffing Industry Analysts. 

Read more here.

IN CASE YOU MISSED IT

🎙️We continue to release new episodes of “Now Hiring: A Podcast About Staffing, Recruiting, and Talent,” including some about tips for entrepreneurs to grow their businesses and the best books to read for leisure and learning. 

You can check out the episodes on Spotify and YouTube.

Thanks for reading! What did you think? What would you like us to include in future editions? Feel free to provide feedback to editor-in-chief Steve Vittorioso at [email protected]. We always love hearing from industry leaders and practitioners like you.