Recruitment Process Outsourcing Association (RPOA)

In our recent #RPOAExpertPanel webinar, Daniel Culbertson from Indeed's Hiring Lab provided an excellent overview of the current dynamics of the US labor market. His analysis highlighted trends, hiring rates, wage growth, and the economic outlook. Our newest post on the #RPOMarketRepot blog recapped Cultbertson's valuable analysis that can help RPO and talent acquisition leaders plan and create a successful recruitment strategy amidst the challenges and opportunities of the US Labor market. Below is a summary of the post. 💡The Current US Labor Market Situation Culbertson highlights the labor market's need for change following rapid post-pandemic growth. The Bureau of Labor Statistics reported 254,000 job gains in September, with a month-over-month average of 186,000, falling short of the 2023 goal. Nonetheless, it indicates progress. 💡The Contrary Unemployment Rate Culbertson pointed out a slight increase in the unemployment rate to 4.2 percent, still close to full employment. The U-6 rate, including job seekers who stopped looking, is at 7.7 percent, concerning economists. 💡Demand For Workers Remains Healthy, Despite Slowdown Cutlbertaon stated that the overall demand for workers remains healthy despite the slowdown according to Indeed's job postings index. The index shows a 12% increase from its pre-pandemic baseline, indicating a positive trend. 💡Job Posting Trends Show Healthy Demand and Corrections In The Labor Market Healthcare job postings remain strong, while tech and HR job postings significantly declined. This shows healthcare's stability compared to other industries. 💡Slow Hiring Rates Amidst Labor Supply Improvements While labor supply has improved, hiring rates remain slow, potentially indicating a recession. Workers aged 25 to 54 have recovered, but older and younger workers face setbacks. 💡Wage Growth Normalizes Culbertson discussed the normalization of wage growth, measured using job postings on Indeed. Post-pandemic, wage growth peaked at 9% but has since cooled to around 3.2%, returning to pre-pandemic levels. Some categories experienced a slowdown, while marketing saw higher growth. 💡Remote Work Perseveres Remote job interest remains higher than pre-pandemic levels despite return-to-office announcements. Remote job postings did decrease due to fewer tech jobs, which contributed to the decline. 💡Economic Outlook and Recession Possibilities The economy improved, but uncertainty remains, with the potential for recession. Inflation and the labor market are closely monitored as potential complications. Higher-skilled roles still face tight labor markets. 💡Recruiting Strategies and Industry Focus Culbertson recommends pay transparency and flexible roles to attract a broader talent pool, as job postings shift focus to skills. See the full article here 👉 https://hubs.li/Q02TNJnp0 #RPOAExpertPanel #RPO #TalentAcquisition #LaborMarket #HiringTrends #Recruiting

#rpoacon2024 is a wrap!

Last week, our President, Matthew Corbett was honored to speak on a panel at the Recruitment Process Outsourcing Association (RPOA) conference in Chicago. The panel focused on the dynamic world of M&A in the Private Equity space. Thank you, Joe Marino, Bill Filip, Dwight Cooper and Matthew Corbett for discussing these critical topics: • What are the M&A stages? • How to increase value creation? • Valuation calculation. • What makes a business attractive to a buyer? This appearance underscores ZRG Embedded's deep expertise and commitment to staying at the forefront of the industry. Thank you to Lamees Abourahma and the RPOA for hosting such a great event and to all the panelists and attendees who made it a success!

Recruitment Process Outsourcing Association (RPOA) silver member Hire Velocity provides insights into modernizing your hiring practices for enhanced software engineering recruitment success. https://hubs.li/Q02PPPKB0 #rpo #ta #recruitment #engineerrecruiting 

Recruitment Process Outsourcing Association (RPOA) gold member Hueman People Solutions shows you how to stay ahead with AI-driven recruitment solutions in the job market race.https://bit.ly/4dOAzKx #rpo #ta #aiinrecruiting #talentsolutions #recruiting #recruitment

📣 Announcing a new episode of Time to Hire -- Neurodiversity: Identify and Recruit Neurodiverse Talent Effectively Victoria Hill, MHRM, CSP, PHR, CDE, Senior Director of Diversity and Social Impact at Advanced RPO, joins Lamees Abourahma to speak about fostering an inclusive work environment by understanding and accommodating neurodiversity. Discover practical strategies to support employees' thinking styles with conditions like ADHD, autism, and dyslexia and unlock the benefits of these divergent thinking styles. In this valuable episode, you'll hear real-life examples and expert advice on creating a culture of empathy, open communication, and tailored accommodations. Whether you're a business leader or HR professional or want to understand neurodiversity, this episode gives you the knowledge to build a thriving, neurodiverse workforce. Start elevating your workforce here 👉 https://bit.ly/3BHvpD3 Whether you're a seasoned talent acquisition professional or just starting in the field, "Time to Hire" provides an invaluable platform to expand your knowledge, learn from industry leaders, and stay up-to-date with the rapidly changing world of recruitment. #rpo #ta #hr #neurodiversity #neurodivergent #diversity

🔍 What is Recruitment Process Outsourcing (RPO)? 🔍 According to the Recruitment Process Outsourcing Association (RPOA), Recruitment Process Outsourcing (RPO) is a strategic form of business process outsourcing (BPO) where an employer transfers all or part of its recruitment processes to an external service provider. Unlike staffing firms or search providers, an RPO provider takes ownership of the design and management of the recruitment process and assumes responsibility for results. RPO providers can: 🔹Use their own or the company’s staff, technology, and methodologies. 🔹Provide full transparency with detailed reporting. 🔹Deliver holistic tailored recruitment strategies designed for efficiency and effectiveness. The holistic approach to hiring sets RPO apart from staffing and search firms. Whether your company needs to scale hiring or streamline processes, RPO is built to drive better outcomes. 🌟 Curious to learn more? 🌟 Discover a wealth of free in-depth insights and resources on the RPO industry, including this ultimate RPO guide, all available on the RPOA website: https://bit.ly/4etlsaN #AmplifyRPO #RPO #Recruitment #TalentAcquisition #BusinessGrowth #RecruitmentStrategy

RPOA Gold Member Broadleaf Results, An Aleron Company shows you the RPO advantage.solving Aerospace recruitment challenges.https://hubs.li/Q02PPKLn0 #rpo #aerospacetalent #ta #hiring

Recruitment Process Outsourcing Association (RPOA) Silver Member Hire Velocity describes 15 signs that it's time to elevate your hiring strategy with top tech recruitment specialists. https://hubs.li/Q02RyzYk0 #rpo #techtalent #hiring #ta #talentacquisition

It's not too late to register for today's webinar and join us to learn from my guest, Daniel Culbertson, Senior Economist, Indeed Hiring Lab, who will share the latest public and Indeed-proprietary data showing the state of the labor market and emerging trends. Hope to see you on the call!