HireTalent - Diversity Staffing & Recruiting Firm’s Post

Transcript

Yeah, I've heard people say that woke went too far. My take is we focus so much on the semantics that we lost sight of the goal of giving qualified people opportunities no matter what their background is. The idea around DI should be to create moments where companies consciously nurture creative collisions of ideas. That's where innovation means diversity to generate ROI and inclusion. It's always good to listen to our competitors and, and you know, compare notes of what we're seeing and, and very, you know, whatever you say about the different segments. I totally concur. So very much see the same thing. And I, I agree, I think whilst we want to be cautiously optimistic because we definitely are seeing some very recent pickups in, in volumes on the contingent labor side. Umm, you know, it remains to be seen how the rest of 24 plays out. We have yet to see the interest rates be caught. The consumers are hurting with all the price increases we have seen, undoubtedly. And so, you know, there's really no reason to be just brightly optimistic at this point. We all see the the headlines that come out from the Bureau of Labor Statistics that unemployment is relatively low or off of our peak in terms of Labor participation, but it is starting to creep back up. Wage inflation has it's, it's, it's settled a bit, but I always think of it. And so there's the broader market. And then we think about it in terms of our industry and the recruitment industry has been a laggard. Right. So this is the modest growth we're seeing is like 50 basis points week over week in terms of starts. And then when I zoom out, look at our clients, a third of them are up and a third of them are down and it wasn't a third up previously. So, so there's maybe some harbingers that are going to bring some some good news. But kind of back when we talk about the recession like it's almost a self fulfilling prophecy. I don't really see the data that says anything happening in 2024. I do think we got to get. Interest rates a little bit better. I think we gotta get past elections. I think that there is a mismatching skills. You know, we've got the one problem with and I have six kids that are all that sort of around that age and they're coming out of university and trying to find work. And then you've got the problem with the blue collar retail and hospitality industry where it is too well educated and won't take those jobs. Hit a plateau. We're seeing a plateau. I describe it as a roller coaster. I say it's much more fun to ride a roller coaster up in business versus down. I'm not seeing the up part of the roller coaster, but I'm definitely seeing that part where you're kind of hovering and you're really excited to go up to come down, while we're really excited to go up and the whole industry is. We did see a lot of really positive momentum with how organizations are embracing inclusion and inclusion beyond just ethnicity, but inclusion across everything, all diverse angles. And I think that is a tremendous positive impact. What I'm not seeing as much of is, you know, there's that period of time when we saw a lot of organizations wanting to quantify the diverse talent even within contingent labor and that obviously. Pushed a little bit to the side, but I think qualitatively organizations still won't want to move the needle. It got me excited to be a part of this industry and continue to want to do cool things in this industry. Are these people on this call? And so if we keep inspiring each other, challenging each other and, and, and being there at the at the, at the at the coalface and making things happen, I think that's exciting. And if those if others don't think that's exciting, what are they doing here? 100% Jason, I agree with that.