Weekly Top Articles & Industry Trends For Staffing Leaders
A collection of this week's most important news articles, market trends, and blog entries will give you an inside look at what's going on in the staffing and recruiting space.
The private sector in the United States saw an addition of 140,000 jobs in February, while annual pay increased by 5.1 percent compared to the previous year, according to data released by the ADP (NASDAQ:ADP) National Employment Report.
Women can contribute significantly across industries, but at present, their participation in the organised sector is below 30%, say experts. With International Women’s Day around the corner, experts reiterate the need for more women participation in the organised sector for the country to prosper.
HRD Asia’s Innovative HR Teams 2024 will recognise teams around the region that are breaking boundaries and moving the industry forward with progressive approaches to recruitment, new technology, and groundbreaking rewards and recognition strategy.
The healthcare revenue cycle space is facing a staffing shortage. But as hospitals and health systems manage workforce challenges and related financial impacts from bottlenecks in claims submissions and follow-ups, more are finding help from automation.
In a report released by the National Statistical Office (NSO) on Monday, India's unemployment rate saw a decline to 3.1 per cent in 2023 from 3.6 per cent in the previous year, indicating a sustained improvement in the labour market.
The steady stream of layoffs following the Great Resignation has spilled into 2024 with about 186 tech companies cutting over 49,386 jobs this year, according to Layoffs.fyi.
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At least 60 percent of recruiting professionals globally and 33 percent in India are exploring, experimenting with, or actively integrating Generative Artificial Intelligence (GenAI) tools as part of their hiring process, according to professional networking platform LinkedIn.
While year-on-year (YoY) data shows an 8% decline, there's been a 3% month-on-month (MoM) growth in hiring activity across sectors. The index climbed steadily from 262 to 269 in the first two months of 2024, signalling a positive trend in employment opportunities, revealed foundit in its latest findings on hiring trends for February 2024.
Twenty-three per cent of salaried women perceive an agender-based pay gap while 16 per cent perceived gender bias at the workplace in India, a survey by rating agency Crisil and DBS Bank India has found.
Hiring activity in the country across sectors fell 8% year on year in February while it improved 3% sequentially, according to the monthly Foundit Insights Tracker that tracks online job postings.
The Acumont team is here to share with you this week's industry insights. Staffing leaders can make better decisions by reading this weekly digest, which helps them understand the human capital issues that impact recruiting and staffing workforces as well as the economic trends that affect their businesses.
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Acumont Solutions is a staffing services provider for the India and US regions and offers a wide range of services, including talent acquisition services, international recruitment, executive search, startup hiring, recruitment process outsourcing, and contract staffing.