Recruiting Brainfood - Issue 417
Data powered job searching, 570 thought leaders grouped into Optimists, Skeptics & Pessimists, green tech economy for jobs and whether being a Tory MP is today negative employer brand...
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SPONSORS
Friends,
I am sending this from hot and humid Bangkok, where I’ve had the pleasure of spending the past few days. It’s been great to change the pace from London, after spending all summer in Blighty. Onward later today to Melbourne, where I’ll be giving a talk at the SmartRecruiters Hiring Success APAC 2024 - make sure you come up and say hello if you’re attending the event!
Next month, I’ll be in California for ERE Anaheim, speaking on Future Proofing Your Recruitment Career. Looking forward to meeting with everyone who will be attending. If you’ve yet to buy a ticket, make use of the discount code: HLERECA24 for 10% of ticket prices here
Thanks to: Joey NK Koksal, Elizabeth Murphy, Colin Donnery, Eugene van de Hemel, Paul Bachelier, Rob Walker, Narveen Maan, Ryan Broad and Machar Smith - your public support on all things brainfood is the only marketing we get. Points updated in the Brainfood Hall of Fame - check it out 👊
Can you help? Share this newsletter with your network on LinkedIn. Cheers!
What Do Brainfooders Think?
I love the interest in self improvement from the brainfood community! I’m personally most interested in voice coaching and personal styling, though I could do with improvement in my comedy for sure. Not many votes overall though, so perhaps not as interesting to the community than I might have thought. Anyways, we’re doing it - watch this space. Scroll down to the end of the newsletter for today’s vote - cheers 👊
Brainfood Live On Air - Ep276 - Hiring in Australia in 2024 & Beyond, Fri Oct 11, 2pm AEST
I’m back in Australia for about two weeks, and will be doing this show from Melbourne, so looking forward to chatting with local recruiters here on how the market has been in 2024 and what it looks like going forward. Interested in hiring for Australia? Tune in on Friday 11th Oct, 2pm AEST. Register here
The Brainfood
1. What 570 Experts Predict the Future of Work Will Look Like
Fascinating article with a different take on the Future of Work debate - who are the people who talk about it most and how does that correlate with their views? The three groups are: Optimists (largely tech entrepreneurs), Skeptics (largely economists) , and Pessimists (authors and journalists). Which bucket do you fall into? H/T to brainfooder Andreea Lungulescu for the share.
FUTURE OF WORK
2. State of the Markets H2 2024
Stats from Silicon Valley Bank on the state of US VC investment. Not sure why we bother with cope charts like this - are these even inflation adjusted? Still good to see where peak recruiter was - right at post pandemic investment frenzy. Anyways, a very decent overview on the state of VC, and therefore tech. Download it here. H/T to brainfooder Chris Cruz for the share in the online community
ECONOMY
3. My Data-Powered Skills-Based Job Search — Part 1
My friend and brainfooder Simon Hammond is on the job search. I advised him to use the opportunity to tell data driven stories on the state of the UK market for data science types, and so he did. Check out Simon’s progress and what it can tell us about the job market here in the UK. PS: for fans of the Brainfood Larder, Simon is the guy who built that.
ECONOMY
4. KPMG 2024 CEO Outlook
over three quarters (76 percent) of CEOs anticipating AI will not fundamentally reduce the number of jobs within their organizations over the next three years.
Always good to learn what CEO’s are thinking - 1300 surveyed by KPMG on topics covering economy, AI, Remote/RTO and the rest. Interesting to contrast these optimistic findings with PwC’s CEO survey, where the respondents predicted the opposite (5% decrease in headcount growth). Fundamentally different customer bases between two of the big 4?
ECONOMY
5. The Rise of the Four Day Week
I have a theory that the shift to remote will eventually morph into 4 day week on-premise, which is a reasonable compromise for all parties. Nice bit of digging from our friends TalentNeuron who tracked US job postings which advertising the 4 day week - on the rise, at least up to 2023. Interesting sector & geographical breakdown also in this post - have a read.
REMOTE WORKING
6. Stay the F**k Out of this Fight”
The longshoremen strike across ports in the US was averted at last minute last week. It contained all the elements we might expect in future conflicts between labour, government and capital. The threat of automation, the demonisation of union leaders, invocation of great power competition and the question as to how to distribute the value accrued from the efficiency gains produced by automation and AI. Contrary to the headline - a quote from the Teamster’s Union to the US President - we all need to get into this fight. Worth clicking through every link in this.
WORKFORCE AUTOMATION
7. Pay for Job Changers Rose at the Slowest Pace in More than 3 years
Everybody knows that the fastest way to the biggest increases in salary is to change jobs. Salary increases are modest though - and that even with 20-30% increase in cost of living these past 2 years. We’re in an employers market, lots of labour competition around, diluting the negotiating power of the candidate. H/T to brainfooder Lee K.Candiotti for the share in the online community
ECONOMY
8. Interviewing For Evidence
If in-person interviews make a fraud mitigation comeback, hadn’t we better get better at interviewing for evidence? We’re going back old school with this 4 part model on what types of evidence that you are can acquire via different types of interview questions.
ASSESSMENT
9. IRENA Renewable Energy and Jobs 2024
It pays to be committed to new energy transition. Not only do you increase energy security and reduce energy input costs but also create new industries which employ millions of workers. The failure of Northvolt is an example of price paid by being an uncommitted laggard - the workforce hasn’t been trained so isn’t available to do the work - leading to high costs and plant failure. Got to learn some lessons here, opportunities are there for the far sighted countries who can execute a plan. Download the full report here
SOCIETY
10. Unable to Find Work After Being Ousted as MP
For most people, being an MP is a lucrative career move, parlaying a term in ‘public service’ into decades worth of cushy NED’s roles, newspaper columns and TV show appearances. Not the case for all ex-politicians though, as ex-Tory MP Jonathan Gullis is finding out. Is having ‘ex-Tory’ MP now negative employer branding? Individual cases aside, this is an interesting debate on what to do if / when you end up being an ex-representative of a now toxic brand. Worth a brainfood live maybe. Perhaps Jonathan can join - going to ask.
EMPLOYER BRANDING
The Podcasts
11. The Rise And Fall of the "Tech Bro"
Fun history of the rise of tech - from inauspicious beginnings as the uncool basement dwelling stereotypes to the height of the SaaS boom when everyone was learning how to code. What next for tech? Worth a watch
SOCIETY
12. Why Economic Growth (GDP) Does Not Bring Population Wellbeing
There can never be enough videos criticising the use of GDP as a measure of national well being. The diction of the narrator can be somewhat annoying here and some of the illustrations don’t quite land, but the general points are still well made. There are things which make the big numbers go up, but they may be bad things for society, We need new economic KPI’s
ECONOMY
13. Did the NFL Solve Diversity Hiring?
The “Rooney rule” is a recruitment innovation which has gone beyond the NFL - the rule simply being that when a head coach vacancy opens up, a black candidate must be amongst the candidate slate. An update on this famous rule with some tough news. Excellent podcast. H/T to brainfooder Bas van de Haterd for the share.
D&I
End Note
The averted Longshoremen strike in the US got me thinking about industrial action. As automation & AI continues to eat into headcount, what would we do to try and preserve our jobs - would TA / HR ever go on strike?
That’s it - thanks for reading.
Have a great week everybody
Hung
The first time I discovered the Brainfood Larder, I found it incredibly useful. I have used it several times to research specific topics related to recruitment. Thank you, Hung and Simon Hammond.