PRO Unlimited’s Spring 2022 U.S. Labor Market Report said that while U.S. employers have ramped up hiring efforts to counteract talent shortages, many should rethink how they approach retention. Over 50% of the contingent workers who ended their assignments early last year did so within the first two months of their engagement, up from 44% in 2020. One in three workers quit within the first month. The report also found that companies with higher Glassdoor scores are more successful in attracting top talent.
Ravio, a provider of compensation data and analytics to startups, emerged from stealth mode and announced a $10 million seed round led by Northzone. The company’s core benchmarking product allows customers to anonymously contribute their data and in exchange access market benchmarks to compare themselves to similar firms.
Greenshades Software and Lathem Time announced a strategic partnership. Through the agreement, the companies will integrate with each other’s platforms, creating an end-to-end labor management solution. Greenshades and Lathem will be featured on each company’s online marketplace and integrated via API.
The startup job portal supertalent, which uses a combination of behavioral assessments and anonymized profiles to match talent and employer, said it has assessed more than 300,000 individuals, and companies have answered more than 20,000,000 of their questions.
Talenthouse expanded its music industry vertical through the acquisition of Creative Commission, adding subscribers and a roster of record companies and music artists. Separately, the company hired the team that built the influencer marketing software solution Sponsokit and acquired its AI based, data driven software platform.
Some 63% of American workers say that staffing shortages are contributing to employee burnout, according to a report by Eagle Hill Consulting. Nearly half (49%) of U.S. workers say they are burnt out, with younger workers (53%) and women (52%) feeling the most strain. Workers say that a four-day work week and workload reductions would alleviate stress.
Mark Feffer is executive editor of RecruitingDaily and the HCM Technology Report. He’s written for TechTarget, HR Magazine, SHRM, Dice Insights, TLNT.com and TalentCulture, as well as Dow Jones, Bloomberg and Staffing Industry Analysts. He likes schnauzers, sailing and Kentucky-distilled beverages.
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