Q3 Job Market Pulse report from Aspen Tech Labs

We are excited to share our Q3 U.S. Jobs Report, offering key insights about the U.S. labor market in the third quarter of 2024. The data in this report comes from Aspen Technology Lab’s JobsIndex, which aggregates daily vacancy information from more than 200,000 company career sites, ensuring you receive the most accurate and up-to-date information. Overall, this quarter, vacancies continued their upward trend from Q2. Total job listings ticked up 0.5 percent QoQ, or by roughly 30,000, but are still down 4.5 percent YoY. Q3’s numbers show positive momentum, with full-time salaries and salary transparency on the rise. DOWNLOAD 

This week in Rec Tech is sponsored by Dalia.co and FastTalent.com -------------------------------------------------------------------------- Workforce intelligence platform REEJIG ,unveiled its advanced Workforce Intelligence Suite capabilities powered by its proprietary Work Ontology™ and independently audited Ethical AI. https://hrtechfeed.com/reejig-symphony-talent-launch-new-features/ isolved®, the SMB focused  (HCM) platform, announced several talent-focused product releases and roadmap innovations during its Virtual  Connect conference this week. https://hrtechfeed.com/isolved-announces-enhancements-that-improve-candidate-experience-increase-talent-pipeline/ TalentNeuron, a Leeds Equity portfolio company, today announced the acquisition of HRForecast, a Munich-based provider of strategic workforce planning and skills management software. The acquisition extends TalentNeuron’s strategic workforce planning capabilities beyond any solution in the market today. https://hrtechfeed.com/talentneuron-acquires-hrforecast/ PHOENIX, AZ — Toothio, the leading digital staffing marketplace for the dental industry, today announced $5 million in additional financing led by nvp capital and Craft Ventures. https://hrtechfeed.com/dental-staffing-marketplace-raises-5-million/ A new integration between PCRecruiter and Zoom offers recruiting professionals a more efficient way to manage their voice communications. https://hrtechfeed.com/pcrecruiter-announces-integration-with-zoom/  

In this replay of a Dalia webinar the Director of TA for Shake Shack will describe ther hiring strategies. Moderated by Dalia'a Mikeala Fitzwilliam. https://www.dalia.co/

Sponsored by Dalia.co and FastTalent.com Upwork Stock (NASDAQ:UPWK) jumped after the freelance marketplace announced a workforce reduction to reduce costs and preliminary Q3 results that exceed the top end of guidance. https://seekingalpha.com/news/4195098-upwork-surges-after-workforce-reduction-preliminary-q3-results-announcement Sapia.ai, the world’s only Smart Interviewer™ platform powered by AI, today introduced Phai™, an AI-driven career coach that fits in your pocket. Phai™ combines cutting-edge conversational AI with Sapia’s proprietary dataset to empower job seekers and employees. https://hrtechfeed.com/sapia-ai-unveils-ai-career-coach-for-job-seekers-and-employees/ Employ announced the release of the Employ Recruiter Nation Report 2024. The annual report, this year titled “Empowering People-First Recruiting,” leverages findings from a survey of more than 1,200 talent acquisition decision makers and recruiters in North America and proprietary recruiting data from 22,000+ Employ customers.  https://recruitingheadlines.com/employ-recruiter-nation-report-2024/ iCIMS, a leading provider of talent acquisition technology, announced availability of its fall release today, largely inspired by customer feedback… CodeSignal, a leading skills intelligence platform, today announces the launch of AI Interviewer for Sales, an AI-powered interview solution designed to help companies hire the best sales talent faster.  https://hrtechfeed.com/new-hr-tech-from-icims-codesignal/ Chipotle Mexican Grill (NYSE: CMG) announced today that it is partnering with Paradox to introduce a new platform that will make hiring employees more efficient for its restaurant teams. Paradox’s conversational hiring system will enable the General Managers in Chipotle’s restaurants to spend less time on administrative tasks, including collecting basic information from candidates and scheduling interviews, and allow them to focus on their day-to-day operations and providing excellent hospitality for guests. https://recruitingheadlines.com/chipotle-teams-up-with-paradox/  

FastTalent maximizes talent acquisition efficiency with automated job distribution and targeted ads, leveraging real-time market intelligence and transparent ROI tracking. https://www.fasttalent.com/

This episode is sponsored in part by Dalia.co and FastTalent.com Bullhorn Ventures has invested in Staffing Referrals, the leading automated referral management (ARM) platform. This partnership will help staffing agencies source higher-quality talent by digitizing and scaling their existing referral programs. https://hrtechfeed.com/bullhorn-ventures-invests-in-staffing-referrals-to-automate-and-scale-agencies-referral-programs/ Bullhorn, the global leader in software for the staffing and recruitment industry, today announced it now offers enterprise-level staffing firms a fully configurable, end-to-end solution designed to increase operational efficiency and decrease overhead.  The solution combines Bullhorn for Salesforce Application Tracking System (ATS) with Bullhorn Middle Office, which supports staffing firms and recruitment agencies with innovative tools from talent sourcing to client billing and beyond. https://hrtechfeed.com/bullhorn-partners-with-eliassen-group-to-deliver-an-advanced-front-to-back-solution/ SmartRecruiters has unveiled “Winston”, their new AI-powered recruiting companion. Winston doesn’t just reduce administrative tasks — he eliminates them entirely.  From screening candidates and scheduling interviews to sending follow-up notes, Winston frees hiring teams to focus on the most human part of the process — the interview. This launch marks a step forward in SmartRecruiters’ vision of “SmartRecruiters 3.0”, signaling the end of the traditional ATS and the beginning of an AI-driven era where hiring teams can achieve superhuman results. https://hrtechfeed.com/smartrecruiters-unveils-ao-copilot-named-winston/ Upwork , the world’s work marketplace that connects businesses with independent talent across the globe, this week released a collection of new products, features and partnerships to transform how businesses and professionals find each other, hire, collaborate, manage and pay for work. https://hrtechfeed.com/upwork-expands-ai-innovation-and-unveils-new-solutions-for-better-work-outcomes-with-upwork-updates-fall-2024-release/ ADP® announced that it has acquired WorkForce Software, a premier workforce management solutions provider that specializes in supporting large, global enterprises. This acquisition will expand ADP’s global offering of workforce management solutions and enable future innovation in the space. https://hrtechfeed.com/adp-acquires-workforce-software/  

Join the JobSync team as Gary Noke, President and CEO at Ninjio illuminates the path to building a thriving, talent-focused organization through his expertise and visionary leadership..

Glassdoor announced it is introducing “Worklife Pros“, in the form of relevant rich content into its community experience, providing more opportunities for users to engage in real-time conversations with access to both career experts and other like-minded professionals. https://hrtechfeed.com/glassdoor-doubles-down-on-content-experts/ Rival introduced Rival Workflow, a automated platform that empowers businesses to manage the employee experience – from onboarding to offboarding – in one seamless, integrated experience. https://hrtechfeed.com/new-hr-tech-from-rival-successfinder/ SAN FRANCISCO —- Zeal, the modern payroll platform announced the successful close of a $15 million Series B funding round. This latest investment, led by Portage with continued support from existing investors Spark Capital and Commerce Ventures, marks a significant milestone in Zeal’s mission to redefine payroll for innovative staffing companies, gig-work platforms, and HR service providers, including industry leaders like Wonolo, Qwick, Lawtrades, Band of Hands, and WorkGenius. https://hrtechfeed.com/zeal-secures-15m-series-b-funding-for-payroll-platform/ Sapia.ai, a leader in AI-driven recruitment, announced the launch of Live Interview™, a tool designed to simplify interview scheduling for hourly hiring. With a focus on ease of use, Live Interview™ makes scheduling as intuitive as booking a restaurant – especially benefiting store managers overseeing hourly workers. https://hrtechfeed.com/sapia-ai-unveils-live-interview-for-high-volume-hiring/ DENVER —- Guild, an education and skilling solution for building talent, announced it has entered into a definitive agreement to acquire Nomadic Learning, a leading capability academy company. The company also announced the introduction of Guild Talent Advantage, which pairs education and skilling experiences—across multiple learning modalities—with actionable talent insights. In addition, through Guild Talent Advantage, employees receive career resources and coaching to ensure they don’t just know more, but they perform better and drive businesses forward. https://hrtechfeed.com/guild-announces-acquisition-of-nomadic/  

Novo Constare is the current Chief Executive and Co-Founder of Indeed Flex. Novo is also the General Manager & Vice President of Staffing Solutions at the organization. Novo co-founded Syft in 2015 in London. Four years later, in the summer of 2019, Syft was acquired by Indeed and rebranded as Indeed Flex.  TOPICS For those that dont know…. Explain what Indeed Flex is? Explain the user experience for the employer? How do they go about finding temporary work on the platform? Why should an employer use this over just posting on Indeed? Whats the typical cost to the employer? Is there a difference between temp staffing in the UK vs the U.S. You started as Syft back in 2015 take me back to those days why did you start it ? What was the biggest challenge you faced in the early days of Syft and how did you overcome that challenge? Same day hiring? What was it like when Indeed came calling and said we want to buy your business? Building a marketplace advice? Whats the future for Indeed Flex?  

ZipRecruiter®, launched the next generation of its Resume Database, a proactive sourcing tool for employers to find qualified candidates in minutes. The new Resume Database gives employers, instant access to candidate contact info, and fresh workflow management tools. https://hrtechfeed.com/ziprecruiter-improves-its-resume-database/ Harver, the hiring solution helping organizations optimize their talent decisions, today announced the availability of Job Fit Finder. Designed to help talent leaders identify and hire the best candidates efficiently, Job Fit Finder utilizes Harver’s behavioral assessment technology to match candidates within their talent pool to other open roles, based on fit. Workstream, the modern payroll, HR, and hiring platform designed for the hourly business, launched a series of new payroll, time clock, and shift scheduling products today to further expand the capabilities of its integrated all-in-one platform. These products provide much-needed functionality to QSR franchisees, restaurants, and other businesses that employ hourly workers. https://hrtechfeed.com/new-hr-tech-from-harver-workstream/ Symphony Talent, a global leader in talent acquisition solutions, announces the launch of Interview Genius, a new feature within its SFX On-Demand Interview (ODI) platform. This AI-powered tool will change how organizations conduct interviews by automating the creation of structured, fair, and science-backed interview questions tailored to each role. https://hrtechfeed.com/symphony-talent-unveils-interview-genius/ Indeed Flex, the temporary staffing platform has partnered with workforce payments platform Branch to offer Same Day Pay. This tool enables Flexers to access up to 50% of their earnings within an hour after completing a shift.  https://hrtechfeed.com/indeed-flex-partners-with-branch-to-deliver-same-day-pay-for-flex-workers/