HCM Talent Technology Roundup June 23, 2023

Despite a softening economy, the Great Resignation may well continue, according to research by PwC. The firm’s 2023 Global Workforce Hopes & Fears Survey found that 26% of employees say they’ll likely switch jobs in the next 12 months. That’s up from 19% in 2022. Workers who said they are most likely to change employers include those who feel overworked (44%), struggle to pay the bills every month (38%) and belong to Gen Z (35%). Purpose, company culture and inclusion also remains key to employee concerns, the survey said.

More than 70% of employers use the same process for hiring both hourly and white collar workers, according to research by Fountain. Moreover, 90% said a resume is important for hourly workers and 65% said they spend at least some of their time reviewing cover letters. This is despite the fundamental differences in these types of jobs and the particular challenges that go with each type of role.

VidCruiter acquired AI-startup Ingage Solutions. The company said the acquisition will enhance its interview intelligence technologies by expanding its interviewing platform’s real-time intelligence engine. Ingage’s ethical AI technology will improve interview performance, reduce the impact of bias, and contribute to more equitable hiring practices, all to ensure leading businesses can better identify top talent, the company said.

SMBs that prioritize HR best practices are more likely to experience fast growth, according to a recent study by Asure. The survey, Small Business Human Resources Benchmark Report, found that businesses with fast growth consistently implement more than 80% of HR best practices. In addition, 84% of those companies have implemented an employee recognition program to ensure employees feel valued.

Fetti, a career site focused on Gen Z, launched the Fetti Hire hiring hub, which is meant to help companies of all sizes quickly list new job openings. There is no up-front cost. Fetti uses a social media-driven approach to recruiting and couples it with career advice and education. The company said it’s lowering the barrier to entry for employers that want to reach Gen Z.

AtlasJobs unveiled the People Map, a a feature designed to help how companies discover and connect with talent within their organizations. The People Map acts as a supplement to AtlasJobs’ talent platform, enabling companies and recruiters to locate and connect with both potential candidates and existing employees across the organization.

By Mark Feffer

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.