Pave Talent’s Post

As the founder of Pave Talent, I always keep an eye on job market trends. Here are some key takeaways from the latest LinkedIn Workforce Report: 📉 Hiring Slowdown 1.5% decrease month-over-month 9.5% drop year-over-year 5.0% decline since May (likely due to interest rates) 🏢 Industry Trends Financial Services (+1.7%) and Education (+1.1%) show growth Oil, Gas, and Mining facing challenges (-5.7%) 🗺️ Geographic Shifts Tech hubs still strong: San Francisco (+4.6%), Austin (+3.7%) Some markets cooling: Minneapolis-St. Paul (-4.2%) How are these trends affecting your hiring strategies? I'd love to hear your thoughts. Read the full report here: https://lnkd.in/ggdWPqHv #WorkforceTrends #HiringInsights #PaveTalent

As we wave goodbye to July 2024 👋, let's take a look at LinkedIn's Workforce Report. 🔎 While every market, industry, and discipline has its own nuances, I still find the national data interesting. "Hiring slows slightly to start the summer but remains steady: Nationally, across all industries, hiring decelerated by 2.2% from May to June and decreased by 8.1% compared to June 2023. Despite minor fluctuations month-to-month, the pace of hiring has remained effectively steady so far in 2024, with June hiring matching January hiring." One of the fun parts of my job is keeping a close eye on hiring trends and the broader labor market. If you're interested in what we're seeing here at Truity Partners in Northeast Wisconsin, let's chat! 📞 920-215-1175 ✉️ lizzie.schaut@truitypartners.com #WorkforceTrends #HiringInsights #EconomicTrends #TalentMarket #RecruitmentNews

Fresh off the press 📰🗞️ LinkedIn July 2024 Work Force Report: 🌎 National Hiring Trends: - Hiring across all industries remains steady in 2024, with only a slight 2.2% slowdown from May to June and June hiring matching January levels, indicating resilience despite minor fluctuations. ➕ Positive Industry Growth: - Real Estate and Equipment Rental Services saw a 4.1% increase in hiring, and Transportation, Logistics, Supply Chain, and Storage grew by 0.9% from May to June, showcasing robust performance in these sectors. - The Technology, Information, and Media industry remains stable, maintaining its hiring rate from June 2023, highlighting its steady growth. 🏙️ Optimistic Metro Area Trends: - Minneapolis-St. Paul maintained a steady hiring pace, while Atlanta saw a 1.0% year-over-year increase, reflecting positive employment trends in these cities.

🔍 July 2024 LinkedIn Workforce Report Highlights: 📉 National Hiring Trends: Hiring dropped by 2.2% from May to June 2024 and is down 8.1% year-over-year. 🏢 Industry Insights: Real Estate (+4.1%) and Transportation (+0.9%) saw gains, while Accommodation and Food Services (-8.3%) and Admin Support (-6.4%) declined. 🌆 Metro Area Dynamics: All but Minneapolis-St. Paul experienced hiring slowdowns. Atlanta saw a slight year-over-year increase (+1.0%), whereas San Francisco is slightly down (-1.1%). 📊 Stay updated on hiring trends to navigate today's economy effectively. https://lnkd.in/d3f6mV4i

Thrilled to see a number of LinkedIn posts about recruiters getting busier as we settle into Q4 🥳 If you're looking for a platform to support your team in writing better (inclusive, compliant) job descriptions and improve your hiring efficiency, might I recommend Datapeople? 😉

In this week's #DatapeopleReads: the current recruiting market and setting yourself up for success in Q4 and beyond. 📊 "The U.S. reported one of the strongest fourth-quarter hiring forecasts worldwide," with more than half of surveyed employers saying they plan to add new positions. ROY MAURER elaborates on the labor market, wage growth, and more, on SHRM: https://lnkd.in/et_jNckH 🚀 Hiring "unexpectedly" accelerated in September, after a slower than expected summer (a lagging September surge, possibly?). Paige McGlauflin shares why employers should prepare for recruiting to continue to get busier, on HR Brew: https://lnkd.in/gdu7CxFW ✅ As talent acquisition teams continue to be asked to do more with less, hiring efficiency will be paramount to support a recruiting surge in Q4. Sean Behr, CEO of Fountain, has tips on increasing efficiency while attracting top talent, on Forbes: https://lnkd.in/g38UEBRr 💡 A key component of hiring efficiency is standardizing your hiring process. This will not only streamline your workload but also improve the candidate experience: https://lnkd.in/gEiGePsb

With over 225 million members in the United States, #LinkedIn has unique insight into the real-time dynamics of Americans starting new jobs and moving to new cities. This month’s LinkedIn Workforce Report looks at the latest national data on hiring and migration trends through October 2024. - Nationally, across all industries, hiring decelerated by 5.4% from September to October and decreased 8.5% compared to October 2023.  - Hiring decreased in all 20 industries from September to October, reversing broad gains in September.  - The industries with the strongest month-over-month performance in September were Hospitals and Health Care (-1.7%), Retail (-1.7%), and Education (-1.8%). - Hiring decelerated the most month-over-month in Accommodation and Food Services (-7.4%), Administrative and Support Services (-7.9%), and Wholesale (-8.6%). - The pace of hiring in the Technology, Information, and Media industry slowed from September to October but remains the strongest year-over-year (-1.2%). #Phoenix - Hiring was 6% lower in October 2024 compared to last month September 2024 and was 8.5% lower in October 2024 compared to last year October 2023. #Cleveland | #Akron - Hiring was 5.1% lower in October 2024 compared to last month September 2024 and was 10.7% lower in October 2024 compared to last year October 2023. #Dallas | #FortWorth - Hiring was 4.1% lower in October 2024 compared to last month September 2024 and was 7% lower in October 2024 compared to last year October 2023. #DC - Hiring was 4.7% lower in October 2024 compared to last month September 2024 and was 7.5% lower in October 2024 compared to last year October 2023. View full report here: https://lnkd.in/eu8yZyHS The Kostelic Agency is a full-service recruiting shop where strategy, attention to detail, and personal touch come standard. We know the stakes are high when you’re hiring. That’s why we don’t leave success to chance. Our Specialties Include: - Accounting & Finance - Tax & Audit - Treasury - Human Resources - M&A / Corporate Development When you work with #TKA, you’re not just getting resumes—you’re gaining a partner who’s invested in your success. Don’t just take our word for it—see what our clients and candidates have to say: https://lnkd.in/eSjzuY3K Reach out to discuss what a search partnership looks like: ☎️ 602.851.8914 📧 Brandon@TheKostelicAgency.com View all our active opportunities here: https://lnkd.in/embEVzeN #HiringTrends #TKAStrong #FullServiceRecruitment #HiringDoneRight #NowHiring #AccountingRecruiter #FinanceRecruiter

Talent Insights - This is one of the truly great Linkedin Products to give insight into what is actually happening with your company workforce. Some of these things you may know. You may also discover other things you thought you knew, which are not so. If you have Talent Insights, you probably know this, are using and loving it. However, what you may not know is that if you have Linkedin Recruiter, you also now have access to Talent Insights. In the past it was a stand alone-product, but now it has been bundled into Recruiter. But if you don’t have Talent Insights, feel free to reach out and I can create a report for you on your company. Contains things like your workforce hires and departures over time, and how your workforce is distributed by title, skill, location. One of the best features is hiring attrition – which companies you are losing talent to, which companies you are most often hiring talent from.

$8.452 trillion in unrealized annual revenue by 2030. That’s what the talent shortage will cost the world. So, how do we fix that? We think differently. We move from resumes and degrees → skills-first hiring. We open up the labor market — once and for all. Skills first: - Prioritizes skills over paperwork - Reduces hiring misfires - Expands talent pools - Improves retention - Increases diversity In fact, 91% of organizations who transitioned to skills-first hiring have seen an improvement in retention rates, according to a new study conducted by TestGorilla. And The Burning Glass Institute and Harvard Business School found that non-degreed candidates hired into roles without degree requirements have a 10-percentage-point higher two-year retention rate vs. their college-educated coworkers. - This will require talent organizations to retool. - And develop robust assessment strategies. - And become data intelligence centers. That’s how we make this work. PS: I developed a complete “how to” guide on this, working with HR and L&D leaders. DM me if you want a copy. PSS: Please repost! ♻️

🤖 The Impact of AI 🛠️ Skill-based hiring ⭐️ The Rise of Gen Z The talent landscape is changing... To those of you working in a Talent Acquisition role, or if you're involved in hiring, LinkedIn's Future of Recruiting 2024 Report is a must read! It offers up so much great insight into what's ahead and to best attract, hire and retain top talent. Take a look 👇 https://lnkd.in/exNwSp3A