1st: It's layoffs. 2nd: It's rehiring Recruiters. 3rd: As Recruiters get hired so does everyone else. 4) Multi year hiring sprint. The same cycle repeats every 5 to 10 years. I posted this originally back in December when we were in step 2 and now we're transitioning into step 3 and will be on our way to step 4 in the next~12 months. 2024: The Return of the Recruiter. 2025: The Return of the War for Talent.
I’d love to see more time spent on workforce planning; even if it is doing very basic back of the napkin math off of assumptions and feasible headcount headcount number projections that aligns with the business growth need and potential risk - then modeled out for full-time hire, contingent skills or aquisition. The impact to those who are laid off is massive; and in many, many cases alters peoples lives irrevocably. The best examples balance a focus on both profit and doing what is right for society & humanity. This is not just a leader thing - we all have a part with bringing discipline to the game including leveraging options: buy, build or borrow. Downturns and restructuring will always happen in business.
I've been trying to explain to my family and friends when they ask why I've been laid off that I see this every 6-8 years. That companies panic about one thing or another and want to save a buck so they start with L&D and Talent and Recruiting, figuring someone else can pick up that slack. Then that someone else burns out and they have a compliance issue or a lawsuit or people leaving because they aren't being developed then they have to....hire L&D and Talent and Recruiters. I've just been fortunate in my 20 years to be on the other side of it, until now. Which is such a shame, because I could literally FEEL the shift in our company to becoming a learning organization and I know I was a big part of that.
2021 I interviewed for 15 months. Ended in final round five times with multiple other opportunities going into round two and three. Late ‘23 going into ‘24, applying for just as many roles, with more experience and results that speak for themselves…crickets. Just within the last month or so had bites started to become more frequent. Fingers crossed this is the come back we all need. 🫶🏻
You've been secretly naming my articles it seems... https://recruitingdaily.com/talent-wars-the-return-of-the-recruiter/
I hate to disagree but I was laid off in the UK in Dec 2022 and still looking for work. I’m a TA of 10 years experience. The recruitment industry is broken beyond repair. I advise all recruiters affected by this so called wave of ‘bin your TA’ to change careers. Recruitment and TA is a dying industry.
And the companies counting on LLMs to cut staff 90% are going to struggle for years. Once committed, they'll continue to underinvest believing it's just around the corner, while well-trained teams use automation, AI and experience to crush goals.
I don’t see it happening maybe in speciality markets but rpa ai are moving quickly
There are some unique differences in this market. While I have your ear Jesse Tinsley I’m surprised I can’t get anyone from Job Mobz to respond to me on anything. 😮💨
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3moBased on some of the economists I follow, this seems about right!