$2.6bn Invested in Work Tech During Q3 Amidst Slow Growth
Work Tech investment saw a 20% uptick in Q3, with 181 deals disclosed compared to 150 in Q2, driven largely by early-stage funding rounds. Despite increased deal volumes, many Work Tech companies are experiencing slowing revenue growth, which is reflected in their valuations. M&A activity also remained strong, with 336 acquisitions in the first three quarters of 2024, indicating a potential record year for deal volume.
Download the full report from Venero Capital Advisors to dive deeper into the Q3 Work Tech investment trends.
Start with the Money to Achieve Pay Equity
Employment attorney Heather Bussing argues that pay discrimination persists despite decades of legislation. At HR Tech's Women in Tech session, she emphasized that pay equity boils down to "money and math." Bussing suggests using a portion of bonus pools to bridge pay gaps and ensure employees are paid equally for equal work, highlighting practical steps towards achieving fairness.
Learn more here.
The 3 Most Undesirable Traits of Leaders—and How to Fix Them
According to a recent LinkedIn poll by HRM Asia , 88% of respondents would prefer working for a "great manager" over having a "great job." Grant 'Upbeat' Bosnick - Leadership Enabler, CSP , keynote speaker and author, outlines three key leadership traits that organizations must address to retain their talent: ego-centered decision-making, lack of accountability, and an absence of purpose. Fixing these traits can help foster a healthier, more productive work environment.
The 3 Traits:
Learn more in the full article.
Data's the Missing Link in Leadership Development
According to the State of Talent Optimization Report from The Predictive Index, poor leadership is driving attrition, but it's not all on managers. "The people often tasked with handling interpersonal complaints may not have adequate information," writes Andrew Barks, highlighting the need for behavioral insights. Despite 85% of companies having leadership programs, gaps remain in equipping managers to lead effectively.
Read more about how behavioral data can close the leadership gap.
Cutting Too Much: When HR Needs to Pump the Brakes on Layoffs
Peter Cappelli , professor at 美国宾夕法尼亚大学 - 沃顿商学院 expert and talent management columnist, examines the repercussions of excessive layoffs using Stellantis as a case study. Despite making the company leaner, aggressive cost-cutting has led to product issues and brand damage. Cappelli argues that HR plays a critical role in assessing when layoffs are impacting long-term success by tracking employee engagement, satisfaction, and turnover metrics.
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Recruitment Firm Warns Ahead of UK Sexual Harassment Law Changes
Kasia Krieger , Business Manager at Pineapple Recruitment Ltd , advises hospitality and catering businesses to prepare for new sexual harassment laws taking effect on October 26. The changes require employers to proactively prevent harassment, including third-party harassment, or face increased penalties. Krieger emphasizes the importance of training, screening, and open reporting channels to ensure compliance and protect employees.
Learn more about how these legal changes could impact your business.
Australian Media Industry Recruitment Remains Steady Despite Challenges
The latest report from Mercury Talent , a boutique recruitment firm serving the Australian media sector, highlights steady recruitment from March to September 2024, with Sydney and Melbourne showing stable job volumes. Sales roles made up 40% of the openings, followed by production/operations and content/editorial. The report notes a high prevalence of junior roles, with over half of advertised positions aimed at entry-level candidates. Despite challenges at senior levels, employers have a wide selection of high-caliber talent to choose from, according to Mercury Talent director Justin Randles.
Read the full report from Mercury Talent to explore Australian media hiring trends.
Unlocking Opportunities with Fair Chance Hiring
This article discusses the advantages of fair chance hiring, a recruitment strategy aimed at providing employment opportunities for individuals with past criminal records. Embracing this approach not only helps address the talent shortage but also leads to more motivated employees, higher retention rates, and a positive impact on the community. Fair chance hiring is a step towards creating a diverse and inclusive workforce, fostering long-term growth for both employees and organizations.
Learn more in the full article.
Healthcare Staffing Boom Predicted Through 2031
A recent report by Coherent Market Insights anticipates significant growth in the healthcare staffing industry between 2024 and 2031, driven by rising demand for services such as travel nurse and allied healthcare staffing. Industry leaders like AMN Healthcare and Cross Country Healthcare are expected to play key roles in shaping the market through mergers and partnerships. The report highlights major trends, market dynamics, and opportunities for industry players to stay ahead of the competition.
Learn more about the trends and opportunities shaping the future of healthcare staffing.