JPMorgan Chase to invest $3M in the U.S. to promote employment program for youth

JPMorgan | July 10, 2020

JPMorgan Chase & Co. will invest $3 million in more than 20 U.S. cities to promote access to summer employment programs for young people, the company said in a statement to HR Dive. The investment is part of the company's ongoing five-year financial commitment that began in 2017 with the aim of creating "skills-based" work positions for U.S. high school students. During the COVID-19 pandemic, JP Morgan Chase said it is focused on investing in virtual learning experiences, career mentoring and similar opportunities as ways to provide postsecondary options that can lead to careers for students. JPMorgan Chase's statement included information on collaborations based in specific cities as part of the investment. In Detroit, for example, the company is working with Grow Detroit's Young Talent to offer a six-week virtual summer work experience to 8,000 students. And in Louisville, Kentucky, a collaboration with local program SummerWorks will provide wages to low-income high school students for virtual, summer internships.

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TALENT MANAGEMENT

Staffing Employment Rebounds in Third Quarter

American Staffing Association | December 21, 2021

U.S. staffing companies employed an average of 2.7 million temporary and contract workers per week in the third quarter of 2021, according to data released today by the American Staffing Association—up approximately 90,600 from the second quarter. Staffing employment and sales have historically seen quarter-to-quarter gains following first quarter declines. While the second quarter of 2021 diverged from this trend, third quarter data showed a return to growth—with staffing jobs increasing by 3.5% quarter-to-quarter and temporary and contract staffing sales growing 3.1%. "U.S. businesses are turning to the staffing industry for help in filling millions of current job openings, The staffing industry is playing an increasingly important role in today's labor market by providing talent sourcing expertise and workforce flexibility to employers in need of workers, and helping candidates find roles that are the right fit." -Richard Wahlquist, ASA president and chief executive officer. On a year-to-year basis, staffing jobs rose 15.2% in the third quarter of 2021 from the same period in 2020—which was still early in the economy's recovery from the initial hit of the Covid-19 pandemic. Temporary and contract staffing sales totaled $36.1 billion in the third quarter, an increase of 21.8% from the third quarter of 2020. Staffing firms are optimistic about the fourth quarter of 2021, projecting their revenue to grow 9% year-to-year and anticipating an increase of 19% for the full year of 2021 compared with 2020. About the American Staffing Association The American Staffing Association is the voice of the U.S. staffing, recruiting, and workforce solutions industry. ASA and its state affiliates advance the interests of the industry across all sectors through advocacy, research, education, and the promotion of high standards of legal, ethical, and professional practices.

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HR STRATEGY

SIA Honors Leo Russell in Staffing 100 North America List

Pride Global | March 07, 2022

In recognition of his continued leadership and innovative approach to human capital solutions, Pride Global Founder and CEO Leo Russell has been honored with inclusion on the 2022 Staffing 100 North America list published by Staffing Industry Analysts (SIA). Previously named to the 2021 list, Russell's bold approach to navigating a dynamic employment market and establishing his company's new Decidedly Diverse initiative secured his spot for the second year running. In its announcement of the list's publication, SIA highlighted the unique challenges faced by staffing industry leaders in 2021. "Working relentlessly to move their companies and the workforce solutions ecosystem forward," said SIA editor and publisher Subadhra Siriam, "these intrepid professionals have done what it takes to ensure the workforce solutions ecosystem continues to thrive." "Helping people find work in America—and now, around the globe—is truly as good as it gets, I'm honored to be included among so many incredible professionals in our industry, and I'm looking forward to doing my part to ensure we're helping the world work in every possible way." -CEO Leo Russell Russell launched Pride Global in 1983 as Pride Technologies, initially focusing on providing IT services to the financial industry. In the decades since, Russell oversaw the company's transformation to an international enterprise with more than 4,500 associates across 10 brands. In addition to his work with Pride Global, he has founded Pride in Education, a 501(c)(3) nonprofit organization that offers a full range of vocational training and educational opportunities for diverse communities, as well as the Diversified Staffing Alliance trade association, which provides firms with diverse ownership access to business opportunities with leading corporate clients. About Pride Global Pride Global is a minority-owned integrated human capital solutions firm that helps companies solve complex human resource challenges from its headquarters in Manhattan. The Pride Global network of companies operates throughout the U.S., U.K., India, and Brazil, offering a comprehensive range of human resources solutions, including managed services, vendor management, payroll programs, business process optimization and staffing for both direct hire and contingent labor, among others.

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WORKFORCE MANAGEMENT

Better organise your environmental scanning data with STEEP (+L)

Pursuit Technology | February 22, 2022

Environmental scanning is about gathering relevant data to identify external and internal opportunities and threats to an organisation. All the gathering of information means nothing if it can't be easily sorted and understood by stakeholders. In their latest article, the Panorama subject matter experts have dug into the importance of environmental scanning and how a STEEP (+L) framework helps categorise it.

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RECRUITMENT & RETENTION

hireEZ Launches Business Tier for Small and Medium-size Hiring Teams

hireEZ | June 16, 2022

hireEZ, the leading AI-powered outbound recruiting platform, today announced the launch of its Business Tier product offering for small to medium-size companies. As growing startups and small companies contend with a tight labor market, hireEZ is expanding its recruiting platform to help non-enterprise organizations make finding and hiring talent easier. With the new Business Tier product suite, smaller recruiting teams will have access to the hireEZ platform to streamline hiring workflows end to end, from the intake process to engaging with prospective talent. "Small companies are often more nimble than their larger competitors, but they also face higher rates of churn and have fewer resources at their disposal. Our goal with Business Tier is to make the most advanced recruiting tools available to those non-enterprise teams, so they can remain competitive," - Steven Jiang, CEO and co-founder at hireEZ. With Business Tier, hiring teams can create projects to start the intake process, add access to all stakeholders, outline job requirements and set goals for recruiting processes, and specify salary ranges. hireEZ also gives users the ability to parse job descriptions to align sourcing keywords with recruiters' searches, based on desired criteria such as skills, degrees, education, and experience. The new Business Tier provides high-growth organizations with access to the hireEZ platform, including: EZ Sourcing — AI-powered sourcing from the largest available talent pool, with over 800 million candidates EZ Engagement — Communication and nurture tools such as email templates, sequences, and tracking data to scale candidate outreach EZ Collaboration — A user-friendly portal to help hiring teams align on needs and goals, share projects, review candidates, and provide feedback About hireEZ hireEZ (formerly Hiretual) is the #1 AI-powered outbound recruiting platform with access to over 800 million candidates from 45+ open web platforms, market insights to build strategic recruiting campaigns, and candidate engagement capabilities to make outbound recruiting easy. With hireEZ, you can execute a strategically scalable approach to build your workforce of the future.

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