Fourth Floor’s Post

Transcript

Someone who has their finger on the pulse of the labor market. Susan Levine joins us. She is CEO of Career Group Companies. And Susan, thank you so much for joining. Susan, there was a lot of chatter about temporary help going down quite substantially. What can you tell us about that trend, given that we've seen it now over a number of months? Well, I believe that the temporary market is down due to the fact that actually many of these workers are able to gain full time employment. And so the full time job market is driving the temporary market to decline a bit. And I read that as well and know it. What are you seeing in terms of the industries that are hiring right now? Healthcare is up tremendously, so professional services actually remains to be going at a strong pace, as well as private services. There is an uptick now in creative, which for a while, uh, post pandemic really took a big hit, but that is really coming back. So, umm, many, many industries. Are on the upward. Tick, for hiring full time employees, it's interesting when you see a job market that is still hiring but you do see payroll slowing. How do you describe particularly Susan, because you're in the world of recruiting, the leverage there is between employers and employees, who holds the power at this point? Well, you know, it's a very interesting question because we've been in the market pre pandemic, post pandemic, and I'm going to say that. What was once a very strong candidate market is slowing down and getting back to a normal pace of hiring. Now. I think there's a misunderstanding that because things are now moving to what I'm going to call a normal pace, people are viewing that as a decline in being able to find that perfect job, employers and more cautious. They're taking their time. It's slower, but we're a leading indicator in this industry and I see it all and hiring remains strong. But what does it mean about optionality if you or somebody that was previously working from home post COVID three times a week, are you able to find a job to that effect anymore? And and can you have the flexibility? Can you come in and ask for a raise as easily for for the time off as easily? Well, remote, uh, I'm not gonna say gone are the days of remote. What I'm going to say is that when the majority of a company and the executives are on site, they are expecting for the employees to be on site. There's a hybrid schedule that people are willing to allow depending on the industry. I also feel that employers today do want the collaboration, the innovation, the mentoring happens on site, not remotely. So there is some flexibility and maybe it's one day Max, two days from home, but most people have returned to the workplace. Susan, you've noticed that about 1/3 of candidates admits to using AI to write either a cover letter or resume. Does it work? Is it getting them jobs? Well, I don't know if it's getting them the job. I think it's certainly cutting down on the time that those candidates have to spend themselves to write the cover letter to put together the resume. But. A lot of employers are suspect today. They are beginning to be able to suss out. What is really your voice? And what is so perfectly executed that it's potentially AI? Susan, thank you so much for your time that Susan Levine, CEO of Career Group Companies. We appreciate all your insight of course and what's becoming an increasingly complicated job market.