We’re now over 5 months into 2024, so trends that we were seeing earlier in the year have a lot more data behind them.

Hiring has stabilized. Welcome news for all of us in recruiting after 6 consecutive quarters of declining numbers.

We use data whenever possible - whether it is ours, or from a reputable source. Government data isn’t always that helpful - but one report I do follow is JOLTs (Job Openings and Labor Turnover). 

Here’s the trendline pulled June 6. My two takeaways - 1) that’s a big drop from 18ish months ago, and 2) we’re still higher than we were in 2019. You know, back when the world was normal.

What’s my point? Trust me, I’m getting there.

The hiring market has shifted. Technology consistently represented nearly half of our client base. We ran a report of our industry breakdown by client for the last twelve months. Things sure have changed.

Tech still leads the way.

But #2? Manufacturing and Industrial. And it is gaining (relatively) fast. Some of that is due to our Midwestern roots. Chicago and the surrounding region have long been where things get built.

But we are seeing even more demand in Texas and the SE. Strength in non-tech sectors are a big reason that unemployment is still at a historical low.

Our Go To Market recruiting practice was where industrial hiring first took off.  That group had historically done a ton of work with software/tech firms. But they pivoted with the market 18 months ago.

As with many things at Hirewell - we tend to do a better job of delivering on it than talking about it. Case in point - we launched this practice in 2020. We didn’t add it to our website or marketing material until 2022. And we called it Supply Chain recruiting until about 6 weeks ago. 

It has grown 50% per year since it launched and we expect it to continue on that pace for several more years. We just need to talk about it more.

So let’s start! Check out this video with Liz, Shania, and Kara - our BD Leader for the practice.

Recruiting Reality Ep 39, “All Things Hirewell: Industrial Division”

In this episode of Recruiting Reality, Liz and Shania continue their ‘All Things Hirewell’ series by delving into Hirewell’s Industrial Division! They’ve invited Kara Dicarlo, an Industrial Recruiting/Business Development expert, to share insights into the practice and how Hirewell can fill your Industrial hiring needs.

Tune in to hear expert insights on how Hirewell can fill your Industrial hiring needs!

—Matt Founder, CEO - Hirewell

COMING SOON

The 10 Minute Talent Rant, Episode 90 "Gen Z’s 12% Unemployment, Explained"

It came as a shock to pretty much everyone that the unemployment rate among 20-29-year-old college grads is hovering at 12%. While the economy in total is under 4%.

The question is: Why? What caused such a disparity? And who is to blame?

The answer? There’s no one cause. You can point your finger in pretty much every direction and be right.

James Hornick and Jeff Smith will breakdown how it happened and what’s at stake long term in episode 90 of The 10 Minute Talent Rant, "Gen Z’s 12% Unemployment, Explained”

Date and Time: Wednesday, June 12th at 11 am CT

Add to your calendar here.

View LIVE via:

LinkedIn Live (follow James Hornick for the notification)

Hirewell's YouTube, Facebook, or Twitter accounts.

Replays will be available via Hirewell Talent Insights.

THE RECAP

Didn't catch our last newsletter? Get it here.

The Hirewell Update Ep 12, “Charting Progress: April Placements 2024”

Join Emily and Ryan as they recap Hirewell’s April placements including the exciting strides made in technology and industrial hiring, showcasing a surge of positive momentum. They also cover an overview of our esteemed industrial team, whose expertise spans manufacturing, supply chain, and engineering roles, ensuring top-notch talent acquisition in these critical sectors. 

Tune in for an insightful journey through April’s successes and the promising outlook for the future!