Companies are trying to do more with less right now. Budgets have been slashed. Nowhere is that more apparent than in Recruiting and Talent Acquisition.
The ripple effects of those cuts continue to appear in trends we are seeing in the market. Less people are voluntarily quitting (quits were down 12% in 2023 from 2022). That isn’t surprising. Hiring has slowed so there aren’t many great options out there for disgruntled employees.
One area where quitting has spiked? Employees in their first 3-6 months on the job. Our internal data shows that number has doubled year over year.
Want to learn more? Great. We’ve got three pieces of content about the topic.
In this episode, Dan and Louie start by chatting through the new MLB Season kicking off with Dan's Pirates going 5-0 out of the gate and Louie's Cubs being 3-2, winning their last 3 in a row. In addition to that, the guys talk about the NCAA March Madness Tournaments that have reached the Final Four stages. On this day, (April 3rd), the NFL saw a top-end receiver in Stefon Diggs, get traded from the Buffalo Bills to the Houston Texans. With that, Dan and Louie segue it to recruiting by mentioning all of the "We are hiring" and "I'm happy to announce I started a new role" posts on LinkedIn and how the market seems to be shifting. Companies are taking on more budget and growth plans so it is causing a spike in hiring and for candidates that means more roles and some stability in the market. Dan and Louie tackle the 2-Minute Drill with their NCAA Basketball Champion predictions for both the Men's and Women's Tournament so tune in to see their picks.
In this episode of Talent Insights, Hirewell CEO, Matt Massucci discusses “The Future of Work” with experts Jon Milonas, SVP at CBRE, Dan Michelson, CEO and founder of UnCommon, and Mark Slocum, Tech Practice Lead at Hirewell.
They delve into the evolving workplace landscape, focusing on shifts to flexible, remote, and hybrid models. The conversation covers challenges like office space use, employee engagement, and creating a culture that supports diverse work preferences while maintaining productivity. They highlight trust, opportunity, relationships, and experiences as key elements for organizational growth and retention. The discussion also includes talent acquisition and retention strategies, especially in remote work contexts and changes in professional services. Insights on leadership, strategy, and data-driven approaches for navigating the future work environment are shared, along with the role of technology in building connected communities and fostering engagement.
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