Recruitment & Retention
ZipRecruiter | November 08, 2023
ZipRecruiter's labor market data provides an edge with current insights, diverse industry details, and a blend of surveys and actual data.
The newly launched portal will offer vital labor market insights using exclusive data, including the Job Seeker Confidence Index, New Hires Survey, and monthly economist commentary.
The Economic Research team leverages ZipRecruiter's exclusive data, proprietary research, and government data to unveil dynamic labor market trends, regularly updated on the site.
ZipRecruiter, a prominent online employment marketplace, has introduced its latest initiative, ZipRecruiter-Research.org, a dedicated platform for housing its economic research endeavors.
This newly launched website showcases in-depth commentary and analysis provided by its team of distinguished economists and data scientists, focusing on the most recent labor market data. Apart from this, it also offers valuable insights derived from the company's proprietary marketplace data and quarterly surveys.
The team's effort to collect and study a lot of job data will help them share helpful information on the new platform. This information will make it easier for job seekers, employers, and policymakers to make good choices. Besides, the team will also work hard to find new trends and opportunities for people and businesses.
ZipRecruiter's extensive repository of labor market data offers three distinct advantages compared to publicly accessible sources. Firstly, it furnishes current insights, ensuring the most recent information is available. Secondly, it provides comprehensive details, key takeaways, and noteworthy trends from a diverse array of industries and geographic locations. Lastly, this data is derived from surveys and actual behavioral data from employers and job seekers.
The latest research, now featured on the new site, encompasses the Q3 2023 edition of ZipRecruiter's Survey of New Hires. It indicates that, despite many U.S. residents who began their careers or switched jobs in the past six months finding satisfactory positions relatively quickly, there is an emerging trend of growing job-seeking challenges. This is reflected in significant declines across key survey metrics, such as the proportion of new hires experiencing salary increases, receiving signing bonuses or being actively recruited for their new positions, suggesting a notable shift in worker bargaining power.
The report also highlights several key findings, including a decrease in the percentage of new hires receiving salary increases and signing bonuses. Additionally, it reveals a significant interest in part-time seasonal roles during the winter holidays and a potential rise in 'quiet cutting,' wherein employees are quietly reassigned to less attractive roles to encourage their voluntary departure, which has become more prevalent in 2023. Among those reassigned, a substantial number chose to resign, while others faced termination or layoffs.
ZipRecruiter-Research.org features insights from the Economic Research team, utilizing ZipRecruiter's exclusive data, including job posting volumes, salaries, benefits, and more. It regularly uncovers vital labor market trends. Each quarter, it releases the Job Seeker Confidence Index and the Survey of New Hires, providing valuable insights into job seeker optimism and the experiences of new hires. Additional reports on labor market topics are available, and the team offers daily commentary on important economic indicators while remaining accessible for inquiries, interviews, and data requests.
Oyster | November 07, 2023
Oyster acknowledges the fact that while global employment and distributed hiring offer immense potential, they also present complex challenges, including legal and compliance issues, tax considerations, local competition, and employee expectations. To mitigate these issues, the company has unveiled a comprehensive range of offerings, such as Oyster Embedded, Oyster API, and integrations with industry-leading platforms like Zapier, Personio, and Slack.
With Oyster Embedded, industry partners can integrate global recruitment, payroll, incentives, and employment analytics into their software platforms, enhancing the user experience with customizable web flows and pre-filled data. Additionally, the Oyster API allows partners to incorporate a wide range of global employment features directly into their products.
Oyster Co-Founder and CEO Tony Jamous remarked.
Global employment distributes opportunities equally around the world. When everyone has access to the best jobs, anyone can realize their full potential—and Oyster is driven to overturn the status quo.
[Source – Business Wire]
The Oyster API streamlines integration, enabling partners and customers to connect Oyster with their preferred tools. It empowers partners to embed Oyster in their products and customers to customize it to meet their needs, facilitating efficient data transfers, centralized payroll, and automated processes.
Furthermore, Oyster's Zapier integration, built upon the foundation of the Oyster API, provides customers with a connection to over 5,000 applications. This integration facilitates the efficient transfer of data, such as time off requests and new hire information, from Oyster to applications like MS Teams, Google Sheets, and Asana.
As Oyster Embedded facilitates access to global talent on a broader scale and enhances productivity and efficiency through the Oyster API, introducing new integrations simplifies the process of global employment. With the help of this, people in leadership and HR roles can save time, enhance team productivity, reduce errors, expedite the hiring process, and shift their focus to more impactful tasks.
Notably, the integration with Personio allows companies to synchronize records and time-off data. Besides, the Slack integration provides real-time notifications to managers and teams, facilitating swift actions throughout the employment lifecycle, be it monitoring the onboarding progress of a new hire, approving time off requests, receiving reminders regarding expenses and invoices, or tracking terminations, all within the Slack platform. These new integrations with Slack, Zapier, and Personio complement Oyster's existing array of integrations spanning HRIS, ATS, ERP, expense management, and security platforms.
Oyster is a renowned employment platform that empowers companies to recruit, compensate, and support their international workforce. This platform is a lifeline for growing businesses, enabling them to provide their global team members with a seamless and rewarding employment experience, all while sidestepping the typical challenges and expenses associated with international employment. Its comprehensive services facilitate people-centric hiring on a global scale, ensuring the establishment of dependable, compliant contracts, accurate payroll management, and exceptional local benefits and perks.
PR Newswire | November 03, 2023
Kelly a leading global specialty talent solutions provider, today announced that it has entered into a definitive agreement to sell its European staffing business to Gi Group Holdings S.P.A. ("Gi"), one of the largest staffing companies in Europe, for cash consideration of up to €130 million. The transaction is expected to close in the first quarter of 2024, subject to receipt of required regulatory approvals and other customary closing conditions.
Under the terms of the agreement, Kelly will transfer its European staffing business within its International operating segment to Gi. Kelly provides staffing services to customers in 14 countries across Europe. The company will retain its managed service provider, recruitment process outsourcing, and functional service provider (FSP) business with customers in the Europe, Middle East, and Africa (EMEA) region.
Following the close of the transaction, Kelly will maintain its global footprint and continue to provide MSP, RPO, and FSP solutions to customers in the EMEA region through KellyOCG, Kelly's outsourcing and consulting group. As a leading global vendor-neutral provider of talent supply chain strategies and workforce solutions, KellyOCG leverages a network of 3,000 suppliers spanning 140 countries – including Gi – to connect customers across North America, Asia Pacific, and EMEA with top talent to grow their businesses. In Everest Group's 2023 PEAK Matrix®, KellyOCG was recognized as a leader and major contender for its MSP and RPO solutions, respectively, with the latter earning KellyOCG star performer status. Everest Group also recognized KellyOCG as a leader and star performer in statement-of-work (SOW) management.
said Peter Quigley, president and chief executive officer.
The sale of Kelly's European staffing business demonstrates our commitment to taking bold, transformative action to optimize our portfolio and maximize value creation. This transaction unlocks significant capital to pursue organic and inorganic investments in our chosen specialties. Furthermore, it sharpens our focus on our higher margin, higher growth global MSP solutions, global RPO solutions, and specialty outcome-based and staffing services in North America. Together, we expect these outcomes will accelerate Kelly's progress toward achieving a normalized, adjusted EBITDA margin in the range of 3.3% to 3.5% as we shared in August and drive profitable growth over the long term.
The transaction is the latest in a series of strategic actions Kelly has executed to unlock capital in pursuit of its specialty strategy and further optimize its operating model, which includes monetizing non-core real estate holdings and businesses; unwinding Kelly's cross-shareholding arrangement with Persol and reducing the company's ownership interest in PersolKelly, its Asia-Pacific staffing joint venture; selling its operations in Brazil and Russia; and most recently, implementing strategic restructuring actions which enhance organizational efficiency and effectiveness.
Quigley and Olivier Thirot, executive vice president and chief financial officer, will provide additional details about this transaction as it relates to the company's specialty strategy during its upcoming third-quarter earnings conference call on November 9, 2023.