This year has been quite eventful in the world of tech hiring (per usual, right?) Nevertheless, the OutScout team has been hard at work - compiling our observations from the year thus far. 👇 2024 Trends: 🟣 This year has been all about teams closest to revenue, particularly sales and GTM teams. Companies are prioritizing hiring strong GTM professionals with proven track records to deliver on top line results. 🟣 The Office of the CFO is in high demand, with a strong emphasis on accounting and finance openings as businesses closely monitor their financials. 🟣 There has been an uptick in hiring for Product Managers, signaling a greater willingness to invest in R&D compared to the past year and a half. This is good news! 2024 Challenges: 🟣 Hiring teams are becoming more selective, which is important, but they must make decisions quickly. The "I want to see more" mentality can harm the hiring process and employer branding, leading candidates to accept offers elsewhere. 🟣 Talent teams are still striving to find a balance. Many companies have not fully recovered from reducing their hiring teams and tools in 2022-23, resulting in increased disorder in the hiring process. Looking ahead: 🟣 Anticipating strong hiring trends in specific industries utilizing AI, particularly in fintech and health tech 🟣 Could there be a slowdown leading up to the US election? It may extend the cautious "wait and see" approach that dominated much of 2023 ---- PS - If interested in hearing more? Catch the full episode of The Breakout Podcast next Tuesday 7/30 with Gareth Webb and Dan Jackson Follow the show to stay updated here https://spoti.fi/3YfZ7rM ---- #techhiring #talentacquisition #careers
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We love seeing HearstLab portfolio companies and founders in the news. 🗞️✨ 🗞️ Summer Delaney, MBA, the founder of CollabWORK, is profiled in the Morning Brew’s “HR Brew” series that highlights founders of HR tech startups. CollabWORK is a community-powered hiring platform. Their secret sauce? Tapping into the hidden job market. 🔎 The hidden job market are industry -specific communities on Slack, Discord, Facebook etc. that provide their members with informal networking opportunities and job referrals. What’s most impressive? Referred candidates are 4️⃣ times more likely to get hired than the average candidate! Read the full interview by Adam DeRose here: https://lnkd.in/eE9RAtrD 🗞️ GlossGenius, founded by Danielle Cohen-Shohet, is one of 10 companies selected as Fast Company’s 2024 most innovative companies in retail. 🛍️ How is GlossGenius innovating the retail industry? By providing salon and spa owners with the best industry tools for bookings and payments. Read Yasmin Gagne’s profile of GlossGenius here: https://lnkd.in/etN-h98Q 🗞️ Highlight, founded by Dana Kim, is one of 10 companies selected as Fast Company’s 2024 most innovative companies in data science. 📈 How is Highlight innovating the data science field? By emphasizing analytical rigor in the physical product testing process that is essential to how CPG companies improve their bottom line. Read Burt Helm’s profile of Highlight here: https://lnkd.in/eFgTU9Sr
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In the dynamic landscape of artificial intelligence and increased online interconnectedness, the modern workforce continually transforms and challenges traditional hiring methods. As our daily processes continue to change, employers must begin to embrace alternative talent acquisition solutions. Thus embracing the transformative power of skills-based hiring. Companies that utilize AI strategies might explore hiring for skills like problem-solving and critical thinking. Companies focused on cultural growth might embrace social assessment as part of their hiring process. In addition to accommodating the ever-changing workforce, skills-based hiring also promotes diversity and inclusion in the workplace. How can businesses embrace a skills-first approach to hiring, challenging traditional norms and fostering diversity and inclusion? #FutureOfWork #SkillsBasedHiring #BusinessTransformation #InclusiveGrowth #OpportunityProject https://ow.ly/QhW550Qlx4b
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Reid Hoffman just dropped a bombshell! 💣 Neal Taparia, an entrepreneur and angel investor, shared Mr Hoffman's video and pointed out his record of predictions that have come to pass. The future of work is here. And it's not what you think. Reid Hoffman, the mastermind behind LinkedIn, just dropped one more prediction: the traditional 9-to-5 job is on the brink of extinction. 🤯 This isn't just a headline-grabbing statement; it's a call to action for professionals and businesses alike. From the rise of remote work and the gig economy to the increasing influence of AI, the landscape is transforming rapidly. Tools like Recroot.io are already helping businesses navigate this new era by matching top talent with the right opportunities. Are you ready to adapt and thrive? This seismic shift will impact everyone from job seekers to HR professionals. Let's spark a conversation! What does the future of work look like to you, Laszlo Bock ? Adam Grant, how do you see this impacting the psychology of work? Arianna Huffington please share your insights on workplace trends Gary Vaynerchuk what are your thoughts on the gig economy. Gokul Srinivasan Yash Baheti #FutureOfWork #FutureOfJobs #JobMarket #WorkTransformation #AI #ArtificialIntelligence #GigEconomy #RemoteWork #CareerAdvice #TalentAcquisition #HR #Innovation #hiringtrends #aihiring
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Most of the Talent Partners across the industry still needs to understand that your hiring managers are your partners not your clients to accept every unrealistic ask! You are allowed to pushback, disagree, challenge at times & educate them with what is realistic through data driven appprocah & market insights. Which in turn, builds trust worthy relationship with the hiring managers for long term where they treat your advises as valuable points to consider for fulfilling their hiring needs! #talentacquisition #tapartnership #stakeholdermanagement #datadrivenapproach #strategicplanning #marketinsights #hiring
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Here's what hiring managers don't understand: finding the right fit is tricky, but not impossible. 🕵️♂️ You're swamped with tasks and the clock's ticking, but rushing can lead to a bad hire. Slow it down. Use AI to sort through the noise and focus on cultural fit. 🤝 Take a breath, and let's tackle this together. For a hiring strategy that clicks, check out our quiz! 🚀 #RecruitmentSolutions #HiringStrategy #CareerGrowth #recruiting #talentacquisition #fractionalleadership #executivesearch #businessconsulting
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Here's what hiring managers don't understand: finding the right fit is tricky, but not impossible. 🕵️♂️ You're swamped with tasks and the clock's ticking, but rushing can lead to a bad hire. Slow it down. Use AI to sort through the noise and focus on cultural fit. 🤝 Take a breath, and let's tackle this together. For a hiring strategy that clicks, check out our quiz! 🚀 #RecruitmentSolutions #HiringStrategy #CareerGrowth #recruiting #talentacquisition #fractionalleadership #executivesearch #businessconsulting
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There are significant trends emerging out of 2023 as we head into the zone of cautious optimism across most sectors. AI will dominate the headlines for years to come as will WFH vs. hybrid vs. in office work models. I suspect the demand for talent will outweigh supply even after the shakeup in the tech sector. Skill demand hiring will be top of mind for hiring managers as they look to curb the attrition rates due to failed hires in previous years. There will be a major shift as the employer-employee relationship will continue to become refined, especially for those with in-demand skillsets. Employers will need to foster those relationships, focus their attention on retention by building a stronger culture and community and giving tools and support where needed most. As I’ve stated in previous posts, Private Equity is looking down the barrel of a gun as much needed emphasis will be on attraction, selection, and retention given the eyebrow rising attrition report from AlixPartners for CEOs and CFOs in PE backed companies – this will give boutiques search firms more opportunity to gain market share in the year to come. Furthermore, boutique search firms will continue to take market share from the large players and top talent from those firms will opt for an exciting platform in growth mode or at a minimum with more exposure to the client side of a search. We will continue to see search firms add new tricks to their bag in the way of leadership assessments and other value-added solutions – most will be a technology play given the appeal of AI. I don’t know about you, but I look forward to the challenges the year ahead will bring – what are trends you are seeing in your sightline? #WeAreEastward
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What should you expect in #techhiring this year? More importantly, what should you prioritize for your #tech #recruiting strategy? This Thursday at 12pm ET, Dana Dillard, Director of Talent and Recruitment from the leading health benefits platform Collective Health, Brad Schneider VP of Strategic Consulting from Criteria Corp, the leading provider of professionally developed pre-employment tests, and our very own SVP of People Strategy Samantha Lawrence from Hired will share what they predict for 2024. This inside look into their bold predictions for the year will guide you in navigating everything from benchmarking to #AI. Save your spot to see where and how you should align with what the #hiring market will bring this year: https://lnkd.in/e2TXbVMT
Benchmarks & Bold Predictions: Mastering Tech Hiring in 2024
hired.registration.goldcast.io
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🚀 𝗔𝗿𝗲 𝘆𝗼𝘂 𝗹𝗼𝗼𝗸𝗶𝗻𝗴 𝘁𝗼 𝗲𝗹𝗲𝘃𝗮𝘁𝗲 𝘆𝗼𝘂𝗿 𝗵𝗶𝗿𝗶𝗻𝗴 𝘀𝘁𝗿𝗮𝘁𝗲𝗴𝘆 𝘁𝗵𝗶𝘀 𝘆𝗲𝗮𝗿? Be the first to receive our exclusive Technology Hiring Report. Packed full of the latest talent attraction and retention strategies, offering a panoramic view of the current job market. We understand that making informed hiring and employment decisions is essential to any business. That's why we've compiled this practical report, which has become a go-to resource for industry peers and technology leaders looking to make waves in the technology sector. 💥𝗝𝗼𝗶𝗻 𝘁𝗵𝗲 𝘄𝗮𝗶𝘁𝗹𝗶𝘀𝘁 𝘁𝗼 𝗯𝗲 𝗼𝗻𝗲 𝗼𝗳 𝘁𝗵𝗲 𝗳𝗶𝗿𝘀𝘁 𝘁𝗼 𝗿𝗲𝗰𝗲𝗶𝘃𝗲 𝘁𝗵𝗲 𝗳𝘂𝗹𝗹 𝗿𝗲𝗽𝗼𝗿𝘁. 🔗 https://lnkd.in/ehYAU_je #technologyinsights #techreport #hiring2024 #techrecruitment #startups
Our annual Technology Hiring Report is out - with exclusive first access going out to our clients and contributors. This report establishes us as thought leaders in our community, and I'm incredibly proud of the insights and hard work our team has put into it. If you'd like to get your hands on this free, invaluable resource, packed with the latest market trends and insights to shape your hiring strategies, check it out here: https://lnkd.in/ee9vNDch 𝐖𝐡𝐚𝐭 𝐭𝐨 𝐞𝐱𝐩𝐞𝐜𝐭 𝐭𝐡𝐢𝐬 𝐲𝐞𝐚𝐫? - Salary Benchmarking: Align your compensation strategies with current market demands. - Market Trends: Get exclusive insights from our network of private equity and VC funds. - Talent Acquisition: Discover how top competitors are attracting talent in 2024, with insights from leading CTOs, VCs, and hiring managers. - Emerging Sectors: Stay ahead in AI, TechForGood, Cloud & Security, and more. 🔗https://lnkd.in/ee9vNDch #techhiring #techinsights #techreport #techsalaries #technologyinsights
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All brilliant points when thinking about managing, raising talent density. I'd add KPIs and alignment on the real ones. When it comes to goals, performance and key indicators. I love the ones that you the TA bod can truly influence... not it's not messages opened, which isn't even a useful interim indicator to me. If you want to go with one KPI that I've heard in a pod from Robin Choy and as a talent sourcer feels natural and useful. 50% of all accepted submittal for key roles that matter has to be direct source. When you measure relevant input and the output of the process follows there's not a lot that can go wrong. Yes, you may still have to split test outreach messaging :) #talentDensityWhenDoneRight
How to increase Talent Density? Read a really interesting post from Gokul Rajaram last week on the concept of Talent Density - the measure of 'skills per capita' you have in your business. And the reason why we need to focus on increasing TD is because in the AI-enabled world, companies will likely be operating with less headcount, but with greater capability. Quick walk and talk for you on this topic so check out my video below 👇 4 Key points: 1️⃣ Define the skills you are looking to hire What are they, how to detect, how to measure. This means going deeper that the cliches 'team player', 'good communicator' etc. How do those skills manifest in behaviour? 2️⃣ Structured Hiring Process Structure enforces rigour - you have to create a robust system of assessment for the skills you say you're hiring for, and have clear Y/N decision making gates at the appropriate assessement stages. No wandering off piste here 3️⃣ High calibration between stakeholders HM's, Recruiters, Assessors, Coordinators - all need to be one the same page, in real time, all the time. We can't do this with email or any other asynch communications channel. This needs to be 'single dashboard, multiple viewers, single view' 4️⃣ Tight feedback loop with performance data We have to connect performance with assessment data (!). The era where these were housed in separate systems is no longer tenable if you are aiming to increase TD. You have to be able to understand if your structured approach is actually delivering A+ performers. 5️⃣.... what else? I'm sure there's more but I ran out breathe doing the video 🤣 Let me know if you have any thoughts on this, be good to start a conversation on 'how to increase talent density' PS: BrightHire have been one of the innovators in this space, providing tooling for employers looking to improve skills per capita. BrightHire Plan will help with 2️⃣ and 3️⃣ - new product, so currently free to try (https://lnkd.in/ecqGbH3X) - get to it. #recruiting #talentdensity
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