Exit Interview by Patrick Donegan #129

For some time, I’ve been looking for one “source” that curates modern takes on HR Tech, perspectives from the people who build it, and its impact on enterprise — something that’s tailor-made by professionals for decision-makers.

I never found it — so I decided to build it.

Every week, I’ll be sharing fresh insights on tech platforms, design, data, and the future of work — straight to your inbox.

My Thoughts?

In a rare turn of events, one corporate giant has made positive strides in terms of female leadership. ???? Walmart announced that their current female CEO will be retiring and handing off the role to another woman. But this appointment is more than just a passing headline; it should be a call to action for us all. ?? That one of the world's most prominent enterprises can smoothly transition from one female leader to another speaks to the valuable capabilities and leadership prowess women and other diverse voices bring to the executive table. Yet, the rarity of such transitions underscores a lingering gap in our pursuit of genuine workplace equality.

If we want to continue seeing progress akin to Walmart's transition, we must advocate for diversity and inclusion at all levels of the corporate hierarchy. ?? This involves not just recognizing talent, but creating environments where diverse voices are heard, nurtured, and elevated. ??

Tech Innovation at Work

Harver introduced Harver CHAT?, a Conversational Hiring AI Tool to enhance the application process and elevate employer branding.

Salesforce unveils a Slack redesign to simplify user navigation and multi-workspace management, aiming to boost enterprise productivity.

ZipRecruiter and UKG partner to optimize enterprise hiring, promising faster time-to-hire and better candidate quality.

The Changing Workplace

Tyson Foods ?? has invested $5 million in opening an on-site child care center ?? at its Springdale, Arkansas office. This move comes as a proactive response to the increasing demand for employers to provide more robust employee benefits, particularly in the realm of child care.?

The decision for such an investment reflects a growing trend among companies recognizing the importance of child care in influencing employee retention and overall satisfaction. ?? It's evident that as the future of work evolves, organizations are making headway in understanding and catering to the holistic needs of their workforce. ??

All About Data

The first half of 2023 has witnessed a notable slowdown in hiring trends ??, according to a recent report from Workday.??

Let's take a look at the numbers:

• Less turnover: The median 12-month voluntary turnover rate across all industries has dropped by 20% compared to the previous year.
• Applications are up: In the first half of 2023, Workday saw 133 million job applications, a 30% increase compared to the first half of 2022.
• Decrease in job requisitions: Professional services saw a 30% decrease in job reqs compared to the first half of 2022.?

For HR professionals, this stagnation presents unique challenges and opportunities, as well as a pressing need to recalibrate hiring strategies, re-assess talent pipelines, and diversify skills sourcing.

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