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The Four Trends That Will Shape the Way(s) We Work in 2024

Business LeadershipContingent WorkforceDirect SourcingTalentTalent Acquisition by Christopher J. Dwyer on

By now, we’ve all heard the many elucidations on the year ahead. From predictions and financial outlooks to economic forecasts and market guesses, there are so many thoughts on how the next twelve months will unfold from business, talent, technology, and leadership perspectives.

So, essentially, we’re in for another year in which the Future of Work movement will continue to reshape and transform the very ways we think about how (and why) we work.

2023 was a watershed year. Artificial intelligence fully sped its hype train in circles around both business and consumer personas, while dire-then-rosy-then-dire-again-then-optimistic economic outlooks pushed all of us onto a nonstop financial rollercoaster. The labor market remained (and remains) a tad volatile, even though it’s showing signs of slowing steadily based on jobs data heading into the final five or six weeks of 2023 (with an approximate 12%-to-14% drop in job adds in December from November).

And then there’s cooling inflation, as well, which will (hopefully) contribute to a strong economic year as a better balance between supply and demand converges with a full year of economic and labor market consistency.

The Future of Work Exchange believes there are dozens of factors that will shape the foundation of 2024. Here are, however, four of the most critical trends:

  • The effects of artificial intelligence won’t be measured by its utilization, but rather its impact. Attempting to measure the adoption of AI-based technology is difficult (even though we’ve tried that here at the Exchange many times before) because artificial intelligence utilization isn’t always rooted in enterprise software nor is it fully-integrated into core operational systems. It will be critical for businesses to measure the true effects of AI via its impact rather than how many users or how broadly the technology is being leveraged, i.e., is AI contributing to better talent matches?, is AI augmenting core roles?, is AI enabling deeper and more educated talent decision-making?, etc.
  • The “human factor” is beyond crucial…it’s essential. The term “empathy” became omnipresent in the wake of the COVID-19 pandemic as more and more workers craved non-financial support from their leaders, mentors, and employers. The pandemic was more than a transformational event; it forced professionals to view their jobs and careers from a human perspective (“mortality” being a major factor in the face of death, loss, and disruption) and, consequently, resulted in a shift from leaders towards compassion and empathy. While some attributes of the human factor were lost when businesses declared “normalcy” back in fashion, the mantra still rings true: the Future of Work thrives on humanity. As talented workers have more choices than ever before, and as new jobs/roles are decided upon by candidates from more than just compensation (like charity, workplace culture, diversity, inclusion, etc.), the “human factor” is an essential piece of the Future of Work movement.
  • The next 12 months will shape the very future of business leadership. Are leaders made, or, are leaders born? This was always a fundamental question that unfortunately paved the career roads for many a professional for the past few decades. “Leadership” in and of itself is a nebulous concept given that every enterprise executive shares varied responsibilities, each with a tinge towards “strategic” or “tactical” that dictates how, when, and why they lead. The stakes have changed, though, and so has the very definition of leadership; it’s not just “management,” it’s mentorship, coaching, and conscious thinking that drives productivity, humanity, culture, and inclusion. Leaders have the potential to impact not just the financial or economic successes of their respective organizations, but also how the organization is perceived to future talent and how candidates determine its overall workplace environment. In 2024, business leadership hits a tipping point.
  • The blended workforce represents the future of talent acquisition. It’s no longer a question of how the extended workforce will impact the greater business arena…it’s how much value it will drive. Ardent Partners and Future of Work Exchange research pegs the contingent workforce at 49.5% of the average company’s total workforce, a figure that, ten years ago, Ardent predicted would become a reality given the trajectory of non-employee talent. It’s not just the overall size of the extended workforce, though, that makes it such a high-value Future of Work attribute, but rather the ecosystem around this workforce that represents so much innovation and evolution. AI-fueled talent acquisition, the continued growth of direct sourcing, the convergence of VMS and HR-led technology, massive shifts in how businesses find and engage talent, and the next great era of the Gig Economy all point to the extended workforce as a key Future of Work tenet in 2024 and beyond.
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FOWX Notes, December 1 Edition

Business LeadershipSolution ProvidersTechnology and Innovation by Christopher J. Dwyer on

News and happenings from around the greater world of work and talent:

  • Industrial staffing platform Employbridge hires Chris Campbell as its new Chief Product Officer. The trailblazing workforce solution, which is powered by leading digital staffing platform Bluecrew, hired the former Angi and Workhuman executive as its latest high-profile addition. Campbell will oversee the company’s continued growth and evolution. “The HCM platform ecosystem has traditionally been considered the exclusive realm of pure-play technology companies, and we’re on a quest to turn that notion on its head,” Campbell told the Future of Work Exchange. “With the acquisition and integration of Bluecrew, and a Best-in-Class software engineering and product management team working together to advance our purpose, we have a massive opportunity to not only unlock potential for every constituency that we serve but also to redefine the future of work in a way that works for everyone. What happens when you combine thirty years of deeply entrenched and locally-led expertise, national scale and influence, and a fully extensible SaaS platform that materially improves the lives of talent and clients? Let’s find out.”
  • Extended workforce platform Beeline announces its innovative “Beeline Supplier Network.” The new offering is a forward-thinking solution designed to enhance collaboration, efficiency, and visibility in managing contingent labor across organizations, and was developed to serve as a marketplace and resource hub, providing tools for suppliers to showcase their capabilities, promote differentiators, and access valuable business tools, ultimately facilitating easier consideration for inclusion in extended workforce programs. “I am incredibly excited about the recent launch of our Supplier Network,” said Brian Hoffmeyer, the company’s SVP of Market Strategies. “It is a direct reflection of Beeline’s extended workforce platform strategy and will help buyers and suppliers better connect and collaborate to find and engage top-tier, high-quality talent.”
  • Multifaceted workforce management solution Ceipal adds new Chief Marketing Officer, Andy Weiss, to its team. The total talent management platform, which blends ATS, CRM, VMS, and DE&I functionality under a seamless umbrella of offerings, recently added Weiss to its executive team. “I’m thrilled to bring Ceipal’s innovative staffing and recruiting technology to our valued clients and potential customers,” said Weiss. “Our mission from the start has been simplifying the work of recruiters, staffing experts, system integrators, and MSPs. Now, we’re taking it a step further. Our AI isn’t just an add-on; it’s embedded into daily workflows, making routine tasks better, faster, and smarter. Ceipal is growing fast. I can’t wait to see what we bring to the market next.”
  • ServiceNow and AWS announce a strategic partnership to integrate artificial intelligence (AI) capabilities into business applications. This collaboration aims to leverage AWS’s machine learning services to enhance ServiceNow’s platform, offering users advanced AI-driven functionalities for improved business processes.
  • Former Paychex CFO Efrain Rivera joins Magnit’s Board of Directors. With his extensive experience in finance and strategic leadership, Rivera is expected to contribute significantly to Magnit’s growth and development initiatives as the industry giant continues to innovate around its array of extended workforce solutions.
  • While jobless claims increased slightly by 7,000 to 218,000 last week, the overall number of individuals in the U.S. collecting unemployment benefits reached its highest level in two years. Totaling 1.93 million in the week ending Nov. 18, the stat is the highest it has been since late 2021. The rise in continuing unemployment claims may indicate challenges for those already unemployed in finding new work, signaling some softness in the otherwise resilient labor market amid slowing hiring and fewer job openings.
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The Talent Supply Chain Is Evolving…It’s Time to Rethink How We Approach It

Contingent WorkforceDirect SourcingEventsTalentTalent Acquisition by Christopher J. Dwyer on

Earlier this month, I had the pleasure of joining Prosperix‘s CEO, Sunil Bagai, and Defiant Solutions’ Bryan Pena for a spirited discussion on the evolution of the talent supply chain. Everything You Know About The Talent Supply Chain Is Wrong featured some new Ardent Partners and Future of Work Exchange research, as well as a high-energy roundtable chat focused on how businesses can balance the power of today’s progressive labor market with the proper strategies for thriving in the months ahead.

If you missed the live event, we have you covered. Check out an on-demand edition below.

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A “Quiet” Place: The Toxic War Between Workers and Management

Business LeadershipTalent by Christopher J. Dwyer on

I don’t have a TikTok account, but one of my colleagues was nice enough to pass along a video in which a worker confronts a colleague that is in the midst of “quiet quitting” and eating pretzels while sipping a large Starbucks coffee.

“If the company isn’t willing to invest in me, I’m not investing in the company,” said the actress. “Nine-to-five is more than enough for me to give them.” Quiet quitting, at its core, is simply performing a job without going above-and-beyond.

“Quiet firing,” on the other hand, translates into an organization knowingly looking over workers for promotions, ignoring their demands and needs, severe micromanagement, and a wide range of passive aggressive tactics. These ideas are leveraged to “encourage” an employee to quit without the company having to pull the trigger on a firing or layoff.

And in case you’re wondering: TikTok may have reignited these two very toxic notions, but these certainly aren’t new concepts. Quiet quitting and quiet firing are two strategies that have been utilized by workers and management (respectively) for decades.

A worker pumps in over 50 hours a week, investing more of themselves than they’d like, even though there hasn’t been a pay increase in years. They trudge along, unhappy, and hope that salvation is on the horizon. A pandemic hits, emotions swell, and the realization hits: “Why am I doing this?” The worker eases off the gas, puts in the bare minimum, and quietly “quits” while presumably seeking a new role at a different organization.

It’s not such a far-fetched story. And it’s absolutely not a new idea. Nor is quiet firing, for that matter. What these both are, however, are part of a toxic war between the workforce and management that will only get worse if something doesn’t change.

The Great Resignation heralded a shift in “power” that meant workers held more cards when it came to their futures. With millions of professionals voluntarily leaving their jobs every month for well over a year, businesses were left with not only extreme staffing shortages, but a sense of resentment, as well. And now, the negative feelings on both sides are resulting in passive aggressive strategies that are impacting the labor market, as well as the delicate balance between worker and management, in a negative way.

So, the question remains: how do we solve this problem? Is there a cure to quiet quitting? Is there a solution to ensuring that quiet firing does not become a way for leaders to phase out employees?

There is no silver bullet here, nor is there a one-stop strategy that can solve these woes. The truth is that business leaders already have the tools to combat this issue…that is, if they can become conscious leaders that are in tune with their talent.

The hallmarks of conscious leadership, including empathy, the understanding of purpose, communicating value, and prioritizing wellness, are all surefire means to attack the roots of the quiet quitting problem. A business leader that is truly in tune with its team can understand the core causes of the emotions that lead to quiet quitting, particularly burnout, a lack of purpose, and a lack of clarity regarding career development.

And as for quiet firing? It’s been happening for years and management teams must understand that most, if not all, workers desire clarity and communication…especially in a Great Resignation-fueled business arena. Today’s talent must be managed much, much differently than in years past due to Future of Work-driven shifts in how work is optimized.

Honestly, enterprises cannot afford to play the quiet firing game when talent has become such a powerful competitive differentiator. As The Great Resettling plays out and The Great Resignation is in the rear-view, management teams must leverage conscious leadership strategies to understand how the workforce perceives its role within the greater organization.

There is a measure of humanity that is at stake here. Workers want to work and want to succeed, and business leaders only benefit from the value that this success brings. Now is the time to bridge the gap and begin the long process of ending a toxic workplace war that is detrimental to both talent and leadership alike.

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Did March Break “Great Resignation” Records? It Sure Did.

Uncategorized by Christopher J. Dwyer on

Remember long ago, when we all thought “The Great Resignation” would start to loosen up as we headed towards spring? And remember when a certain Future of Work site called it “The Greatest Resignation” because four-plus million professionals were quitting every month since October of last year? AND, remember when that same site spoke of a “Great Resettling” as these workers began to find a foundation that suited their personal and professional desires?

Of course, we remember. It was just two weeks ago.

The March numbers from the Bureau of Labor Statistics hit last week, and with them, something that collectively made us shake our heads. Over 4.5 million individuals voluntarily left their jobs in March, which is a record thus far since this data was first collected decades ago. (March 2022 to November 2021: “Hold my beer.”)

I said just a couple of weeks ago that there were two pathways for this “Big Quit”: either the numbers would reflect a settling of workers into roles that better suited their desires for flexibility, purpose, etc., or, we’d still be operating in “Great Resignation” mode, continuing to wonder when the tide would finally turn.

The Future of Work Exchange will always remain bullish about “The Great Resettling,” as it reflects exactly how voluntarily-displaced workers will find their calling when the dust figuratively settles…the monkey wrench in that concept, however, is just when the record page of resignations will end. The common refrain, that workers still crave more flexibility, empathy, and purpose, will not change. It doesn’t matter if we’re in the throes of a disruptive COVID surge or in a very awkward period (like we are right now): the collective trauma, experiences, and perspectives going into Year Three of the pandemic will continually translate into workers wanting more and wanting better.

Does that mean a bulk of these workers will join the extended workforce ranks? Absolutely. Does this mean that more and more professionals will become entrepreneurs in a market that, for many tech industries, has become incredibly hot? Yes, of course. Does this mean that those businesses on the backside of those resignations should execute on some self-reflection? 100%, yes.

There’s no one-shot answer to why “The Great Resignation” has become “The Greatest Resignation.” And there’s no firm, calculated timeframe on when we’ll see labor market completely enter a “Great Resettling” phase. All of this means one thing: the changes to 1) the way we work and 2) the workforce itself have become permanent. We’re not going to continue experiencing millions and millions of resignations every month. There’ll be a point in time, which I’m imagining is “soon,” in which those resignations begin to slow…and with it, a newly-resettled workforce that may have finally grasped the flexibility, empathy, purpose, compensation, etc. that they’ve been looking for for so very long.

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When Will “The Greatest Resignation” Become “The Great Resettling”?

Talent by Christopher J. Dwyer on

When we take a 30,000-foot purview of what’s happening right now regarding “The Great Resignation,” it looks pretty dire: nearly four-plus million workers have left their positions each month since October of last year. Not counting numbers for March (which have not yet been announced by the Bureau of Labor Statistics), that’s nearly 16 million people who have resigned, quit, etc. over a four-month period.

Economist Arindrajit Dube recently sparked an interesting discussion on why he believes that The Great Resignation is more of a “Great Reshuffling,” given that data points to workers’ resignations concentrated in industries such as retail, restaurants, hospitality, mining and logging, etc. And, interestingly enough, just last week, he tweeted:

There is no Great Resignation … people are not leaving the workforce. Prime-age employment rate is back to 2019 levels! What we have is a Great Reshuffling: workers moving to better paying jobs. That’s what a competitive labor market actually looks like!

So, if we were to agree with Dube, the approach towards what’s happening right now would look something like this: workers, unhappy with wages, left their positions en masse for better compensation, creating a “weird” labor market that is now competitive compared to the disconcerted workforce foundation that we experienced earlier in the pandemic.

I’m not one to disagree with a talented economist who bases his public insights on hard data. However, I’d like to throw some additional thoughts onto the pile to reflect some of the other influences on The Great/Greatest Resignation. For one, Dube’s only miss in his statement is that there’s so much more to resignations than compensation. In fact, we’ve talked about them (at-length!) here at the Future of Work Exchange. Purposeful work, flexibility, remote and hybrid work options, etc.…these are absolutely critical facets that contribute to the ongoing, massive numbers of resignations.

What many pundits seem to be getting at in their messaging is this: why is the labor market so competitive even though 16 million workers (not including those who had done so in March) left their positions voluntarily over the past several months? Is The Great Resignation even real?

Well, yes, it is. We just cannot argue with the fact that millions of people left their roles; the numbers are there to prove that. It’s what’s happening after the resignations that is so vitally important. This is where I feel what is happening is more of a “Great Resettling” rather than a “Great Reshuffling,” as workers who have left their jobs are “resettling” themselves within a different dynamic.

Economist Dean Baker brought up an interesting point in an article from a few weeks ago, stating, “The number of people who reported being self-employed (both incorporated and unincorporated) in March was 618,000 above the average for 2019. The fact that self-employment remains high, even as the labor market has tightened enormously, indicates that self-employment is a choice rather than an act of desperation.” (Future of Work Exchange research discovered this, as well, back in the summer of 2021: 43% of the workforce was considered “non-employee” before the pandemic and increased to over 47% during it.)

The word “choice” in that statement means all of the difference between “reshuffling” and “resettling.” A great reshuffle, at least to me, would mean that workers are moving in vastly different pathways than they were in pre-pandemic times. A great resettlement means that:

  • Those who were of retirement age during the pandemic but didn’t want to retire will make the choice to do so out of either necessity or for the sake of health and safety.
  • More and more workers will adopt a flexible, contingent-led career pathway that afforded them the ability to be independent.
  • Professionals who reached a breaking point with their current organizations’ lack of employee engagement (and flexible work models) will seek culture over compensation.
  • Tens of thousands of workers have started (and will continue to launch) their own companies to take advantage of an entrepreneur’s market, and;
  • “Digital nomads,” who wanted to leave major metropolitan areas and had the flexibility to work remotely because their industries supported it, will easily adopt new work structures wherever they want to be.

Figuratively, the “dust is settling” right now. If the March resignation numbers mimic those of November, December, January, and February, we’re still operating in Greatest Resignation mode, with workers about to rethink their future pathways aiming for a more settled foundation for the second half of 2022.

Actually, today, professionals are settling into positions that satisfy long-desired urges, including flexibility, empathy, and purpose. The Great Resettling seems to be a more on-the-nose phrase to use, since it encapsulates the ways workers are settling into extended/contingent roles, independent positions, and solo-preneur/entrepreneur ventures.

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Where Does the Extended Workforce Go From Here?

Talent by Christopher J. Dwyer on

The Future of Work is many things: technology, transformation, work optimization, innovation, collaboration, and, of course, talent. Depending on who you’re talking to, the Future of Work movement’s nexus could be defined as any of those previous attributes, and rightfully so: technology and innovation drive the optimization of how work is done, while the transformation of business leadership translates into an enhanced ability to retain top talent while attracting new skillsets and expertise.

The extended workforce has long been a critical realm within the concept of the Future of Work, fueling a strategic approach towards talent management that has a variety of key benefits ranging from shorter-term engagement, more focused projects and initiatives, access to the world’s deepest skillsets, and the traditional cost savings that have long been associated with this type of labor.

And, speaking of the “traditional” aspects of the extended workforce: the Future of Work Exchange defines this talent as the natural evolution of the contingent workforce, meaning that, at its core, this workforce is still comprised of non-employee talent, however, its impact, value, flexibility, purpose, and accessibility have all progressed to become key elements of the Future of Work movement (even more so than ever before).

There has been so much transformation over the past two-plus years regarding the way work is done, from the absolute domination of remote and hybrid work to massive changes within the realm of business and executive leadership. We’re now two years deep into a pandemic that is finally (hopefully?) just beginning its escape from its “emergency” phase into one that is, again, hopefully more livable. Other aspects of the Future of Work, specifically changes in leadership and the realm of innovation and new tech, have clear pathways ahead of them.

The question remains, then: where does the extended workforce go from here?

The extended workforce of 2022 and beyond is a force that will continue to grow in size, scope, impact, and value. Future of Work Exchange research pegs contingent labor at 47% of the average company’s total workforce, a statistic that is only expected to grow in the months and years ahead. When we’re talking about nearly half of all talent that is found, engaged, and sourced via this realm, we’re essentially discussing a critical piece of the Future of Work puzzle that should be considered the contemporary nexus of all things related to how work is addressed and done.

Consider that business leaders are experiencing the most volatile labor market of their careers, with a dearth of options for filling critical positions as The Great Resignation continues its rampage. And, too, the Talent Revolution is becoming more of a reality for enterprises as workers fight for better conditions, more flexibility, and enhanced benefits. The extended workforce already sits within the crucial inner-workings of the Future of Work movement and will continue to drive value if enterprises:

  • Leverage the extended workforce as a primary means of getting work done.
  • Transform the “hiring manager experience” to make it simpler and easier to align enterprise needs with open talent across talent pools, talent communities, supplier networks, and alternative talent channels.
  • Harness the inherent flexibility of the extended workforce to navigate a challenging, evolving, and frustrating labor market.
  • Utilize total talent intelligence to configure how the extended workforce will influence future hiring initiatives, and;
  • Lean on the extended workforce’s top-tier skillsets and expertise to “future-proof” the greater enterprise at scale.

Perhaps the most interesting facet of today’s extended workforce is the fact that technology and innovation are abound: only several years ago, the technology landscape for managing the contingent workforce focused more on the tactical elements of this realm of talent. Today, it’s a much different story.

Platforms like Utmost are bringing a Future of Work-first focus to how business leverage their non-employee workforce to get work done. Beeline continues to progress its technology to match the evolving needs of HR, procurement, and talent acquisition practitioners. PRO Unlimited (who just made another major move this week) continues to expand its innovative platform philosophy. Prosperix just unveiled its VMS Network solution, which seamlessly connects businesses, talent suppliers, and job candidates together in its unique ecosystem. VMS solutions like Eqip, VectorVMS, FlexTrack, Pixid, and ELEVATE are also offering technological differentiators to the extended workforce solutions marketplace.

WorkSuite has a powerful engine from its Shortlist days (and a business outcome-focused variety of technology), while once-traditional talent marketplaces such as Upwork, Toptal, Bluecrew, and Talmix offer enterprise-grade innovations that represent the fluidity, flexibility, and long-range strengths of the extended workforce and freelance talent.

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Moving from Direct Sourcing 1.0 to Direct Sourcing 2.0

Direct Sourcing by Christopher J. Dwyer on

Direct sourcing has dominated discussions around talent, work, and staffing for the past few years because, when executed well, it can deliver incredible value to the greater organization through hard benefits (such as cost savings and a quicker average time-to-fill rate) and soft benefits (greater talent quality, better engagement with highly-skilled candidates, etc.).

As the overall labor market evolves in the wake of rising worker resignations, smart businesses will prioritize the need for deeper assessment and validation of skillsets and place a greater emphasis on the candidate and hiring manager experience. The starting point for most will be to build on their existing direct sourcing capabilities and work to develop Direct Sourcing 2.0 capabilities, such as:

  • Leverage digital recruiting processes to engage and communicate with candidates. Recruitment marketing has been a key tool for talent acquisition teams that target both active and passive candidates with specific messaging regarding open positions. Digital recruitment marketing leverages this same thinking but also invites active and passive candidates to join branded portals (and talent pools) by crafting distinctive communications that speak to career paths, worker values, desired cultures, etc.
  • Harness the power of AI to more effectively validate candidates’ skill, expertise, fit, and overall alignment. Candidate assessment can be enhanced and improved by adding AI capabilities into the mix. Managers simply do not have the time, resources, or energy (especially in today’s frenetic market) to deal with a “bad hire.” Virtual recruiting has made skills validation more difficult and candidate fraud more commonplace. AI-led direct sourcing tools can augment the way that enterprises gain peace of mind over who and how they engage candidates before hiring.
  • Nurture talent pool candidates with next-generation strategies that take into account timing, trust, and mobile-enabled messaging. Sometimes it is not just how frequently hiring managers communicate with their talent pool candidates, but when they do so that can make a world of difference in the ability to “close” a candidate. Talent nurturing within Direct Sourcing 2.0 programs entails more advanced approaches including text-first messaging, better and deeper communication with candidates, and outreach that can build trust between employer and worker.
  • Scale direct sourcing to become a repeatable set of processes that can drive value across the full enterprise. Direct sourcing programs typically start small, with a specific segment of worker categories before expanding into other critical areas of the enterprise. Direct Sourcing 2.0 is the culmination of expansive, innovative strategies and solutions that can take direct sourcing to the next level by increasing the number of high-impact, talent-based positions that fall under the scope of the program.

The path to Direct Sourcing 2.0 is also rooted in the idea that data should drive talent-led decision-making. Most next-generation direct sourcing programs leverage AI-driven functionality to enable a more robust picture of available skillsets, improve the matching of available skills with open positions and project requirements, streamline the assessment of candidate skills and expertise, and enhance worker intelligence. The majority of businesses see AI and advanced analytics as a catalyst for Direct Sourcing 2.0 over the next two years.

Ardent Partners and the Future of Work Exchange make the case that an employer’s brand can be a catalyst for talent transformation because it can be used to attract talent and maintain an allure as non-FTE workers shift in and out of enterprise projects. Direct Sourcing 2.0 builds on brand concepts and pushes them to a higher level by using AI and analytics on candidate data to improve messaging, increase support for diversity initiatives, and gain a clearer picture of the worker expertise available in today’s transformative labor market.

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FOWX Notes: February 4 Edition

General Insights by Christopher J. Dwyer on

Some picked-up pieces, news, and insights from across the evolving world of talent and work:

  • As we just wrote yesterday, “The Great Resignation” continues to be problematic for all businesses in the wake of December’s numbers. The number of people voluntarily quitting their jobs decreased by 161,000 to a still-astronomical 4.3 million resignations to close out 2021. Given that we are well over a month since this data was collected, there should be some (cautious) optimism when January’s numbers are released. My thinking is that if this number is reduced by 30%-to-40%, it will show that there has been some progress between businesses and their workers. If not, we’re in for at least a few more months of the stalemate between the two.
  • Fantastic article by Propserix on their blog regarding the advantages of “experienced talent.” In addition to holding down diverse roles, older talent have worked for a greater variety of industries, company sizes, and teams, picking up valuable qualifications along the way. As they’ve aged, they’ve undoubtedly mastered essential skills, engineered unique solutions to problems, and become specialists in specific areas – an advantage to any employer. Their decades of hands-on work, vocational development, real-world education, and proven dedication make older talent ideal team leaders.
  • Former Hudson RPO CEO joins direct sourcing provider Opptly. Exciting times for unique direct sourcing player Opptly, as they name their new CEO in Lori Hock, who was formerly the CEO of Hudson RPO. Lori also spent time as Adecco’s President of MSP Solutions (now known as Pontoon Solutions). Lori and team have a bright future ahead with a solution that prioritizes the power of direct sourcing, talent intelligence, and the convergence of technology and human expertise.
  • Miss the big “Direct Sourcing 2.0” webinar with WorkLLama last week? Don’t worry, we’ve got you covered. Check out the event recording to hear WorkLLama’s Saleem Khaja and Atrium’s Kevin Leete join me for a spirited discussion on the next great evolution of direct sourcing.
  • PRO Unlimited partners with global HCM solutions provider Ceridian. PRO continues its streak of innovative partnerships by integrating Ceridian’s Dayforce Wallet into its Worker Experience platform. This partnership and integration will enable talent on-demand access to earned wages at the end of a day or shift, helping to boost the overall worker experience and improve engagement across the extended workforce. The enhanced Worker Experience solution will launch this summer, with pre-sale available now. (Look for an exclusive piece on this partnership next week on the Future of Work Exchange.)
  • Bullhorn unveils its own venture capital fund. Bullhorn Ventures, which will be led by Bullhorn’s SVP of Alliances and Business Development, Nina Eigerman, will launch with $20M and aims to seed early-stage staffing tech startups and other innovative platforms in the industry.
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FOWX Notes: January 28 Edition

General Insights by Christopher J. Dwyer on

Some picked-up pieces, news, and insights from across the evolving world of talent and work:

  • On Tuesday, the Biden administration withdrew its vaccination and testing regulations for large employers. The Supreme Court’s rejection earlier this month forced the President’s hand here. While vaccination mandates would have helped the United States gradually tick up immunity, especially in the age of Omicron, now it is solely up to large enterprises themselves to keep or introduce vaccination and testing mandates as the winter months drag by.
  • Although talk of “COVID endemicity” is absolutely premature, it is critical for businesses to look at a brighter, more hopeful future. Epidemiologists and pundits alike were both quick to talk COVID as an eventual endemic disease and strike the discussion down given the consistent curveballs the novel coronavirus has thrown at us over the past two years. However, the power of optimism is critical, especially today, when so many businesses and professionals are stricken with various forms of fatigue. It is imperative that companies look ahead, even to this coming spring and summer, to boost optimism that better days are ahead and to “open” innovative thinking and product development.
  • An exciting new European labor market report by PRO Unlimited finds some interesting trends. PRO’s new Labor Market Report for Europe finds that IT skillsets are in-demand, time-to-fill rates are climbing high, and that American trends are similar across the world. In its Belgium-specific analysis, for example, the report found that “sourcing these individuals [sales, IT, business development, etc.] over the last three quarters has proven more difficult than in recent years, with the average time to fill increasing from 15 days in 2020 up to 23 days in 2021. This is a result of an increase in international talent acquisition in the contingent space, which has coincided with the greater interest in remote work.”
  • With so much discussion around the pros and cons of remote and hybrid work, it’s refreshing to see innovative companies thriving within this model. Great article at CNN proves that forward-thinking organizations that were once vehemently anti-remote work are now fully-remote, with leaders at these organizations stating that employees have never been more satisfied nor more productive. “The shift to remote work over the course of the pandemic has had a noticeable effect, said Cindy Owyoung, vice president of inclusion, equity and belonging at Robinhood. “Over time, it became increasingly clear that our employees were happiest and did their best work when they had the flexibility to determine where and when they work best,” Owyoung said.”
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