🎉 Fewer hours, more productivity 📈

Today’s edition is brought to you by Withe, the fastest way for volume hiring teams to interview qualified candidates at scale. Take the hassle out of volume hiring by using Withe’s hiring event platform.

Read time: 3 minutes

Good Morning Party People! 🎉

We regret to inform you that we did not win the $1.58 billion MegaMillions jackpot. But some guy in Florida did (classic Florida man) and he owes us a big ol’ Office Party!

Here’s what we got today:

👀 Work less to get more?

🤝 Volume hiring made easy

🦾 McKinsey AI report

📅 July jobs update

And, of course, MEMES!

MOTD (Meme of The Day)

Meme creds: Daniel Shalinsky 

Think you have great meme skills? Reply to this email with your best meme to be featured in the MOTD.

Work Less to Get More?

We are being told that it’s lazy girl job season. AKA the Gen Z movement where people have flexible hours, get to work from wherever, and have decent pay (reminds us of this intern’s list of demands). The movement that Gary V absolutely despises.

But the BLS says that lazy girl jobs actually increased productivity? Well, sorta…

Labor productivity increased by 3.7% in the second half of 2023. Simultaneously, there was a 1.3% decrease in average weekly hours worked.

Productivity up. Hours worked down. Lazy girls on top.

Read the BLS Economic News Release here. (Heads up, it looks like it was written on a typewriter).

Volume Hiring Made Easy

Volume hiring presents a number of unique challenges, particularly when it comes to efficiency and the number of available high-quality candidates. These challenges, made worse by significant rates of candidate drop-off and interview no-shows, slow down the entire process—and that negatively impacts the candidate experience.

High candidate expectations and competitive talent pools make efficiency a recruitment imperative. With that in mind, here are five ways to enhance hiring efficiency, without compromising candidate quality:

1. Keeping a full and diverse talent pipeline:

To supplement just-in-time hiring efforts, building a pipeline of interested talent saves time. Initiatives like referral programs, building a resume bank of promising candidates, and offering open applications can help keep a steady talent pool. This aids diversity evaluation while streamlining future hires.

2. Introducing automation:

There’s an important balance to strike when you introduce automation. Making a process faster is good, but it shouldn’t come at the cost of the candidate experience. Automation, when used correctly, expedites hiring while also optimizing the candidate experience. Examples include integrating ATS with automation, automated candidate communication, and resume parsers that use keywords.

3. Prioritizing the candidate experience:

A seamless, positive candidate experience is vital. This involves effective marketing, clear job descriptions, frequent and clear communication, prompt face-to-face interactions with qualified candidates, proactively addressing questions, and simplified feedback gathering.

4. Partnering with professional communities:

Collaborating with industry-specific or diversity-focused organizations can yield pre-vetted candidates and enhance your employer brand. These partnerships help quickly fill roles and foster trust.

5. Leveraging the right technology:

The growth of recruitment tech underscores its importance. Solutions like on-demand video interview software, automated job posting tools, email marketing software, hiring event platforms, and communication hubs optimize efficiency, allowing recruiters to focus on building relationships.

Speed to lead:

Introducing efficiency into hiring processes can do a lot for recruiting teams. It saves time and money, improves the candidate experience, and optimizes key performance metrics. At Withe, we’re helping high-volume recruiters improve hiring efficiency with high-quality candidates using our hiring event software.

Special offer for Office Party subscribers! Looking to connect with qualified candidates at scale? Your first month of Withe (with unlimited hiring events + unlimited candidates) is free. Book a Demo and let us know you’re coming from Office Party and we’ll hook it up!

Party Snacks (Weekly Resources)

 CandorIQ Blog - Everything you need to know about creating an effective compensation plan for your organization.

The Recruiting Life is a whimsical view of the world of work with articles, comics, and more. Subscribe now.

Blind - Blind is a place where 8M+ professionals worldwide share advice, provide honest perspectives, discuss company culture and discover relevant career information. Professionals anonymously communicate in private company channels and openly with users across industries.

New AI Report Just Dropped

Another day, another AI report. This one is cool though (we promise). We figure that AI isn’t going anywhere, so here’s what you need to know:

  1. Use of AI is increasing

79% of respondents have had exposure to AI at work or outside of work. 22% said they are regularly using AI at work.

  1. Leading companies are using AI to stay ahead

A handful of companies are going all in on AI. They’re using it for simple functions, such as chatbots, but also in many HR functions.

“These organizations also are using AI more often than other organizations in risk modeling and for uses within HR such as performance management and organization design and workforce deployment optimization.”

  1. AI is impacting hiring

Respondents reported that hiring for AI skill sets can be a challenge. Some companies have been able to scoop up top engineering talent in the aftermath of tech layoffs. However, hiring Machine Learning Engineers and AI Product Owners is reportedly a challenge. Hiring for Prompt Engineers has also increased.

  1. 55% of respondents are using AI in their workplace

Despite this high number, less than 1/3 reported that AI is being used in more than one business function. AI isn’t taking over the world quite yet.

“Organizations continue to see returns in the business areas in which they are using AI, and they plan to increase investment in the years ahead.”

Read the McKinsey State of AI in 2023 Report for more.

July Jobs Update

The Dow Jones estimated that 200,000 jobs would be added in July. They were wrong. 187,000 jobs were added this past month, which is 2,000 more than in June.

The unemployment rate is currently at 3.5%, slightly above the lowest level since 1969. With all the tech layoffs over the past year, it definitely doesn’t feel like unemployment is so low.

Here’s where most of the jobs were added:

  • Healthcare (63,000)

  • Social assistance (24,000)

  • Financial activities (19,000)

The labor market seems to be humming along rather well at this point in the business cycle,. A 3.5% unemployment rate, you can’t complain about that

Satyam Patay, Chief Economist, S&P Global Ratings

Everyone has been worried about a recession. Understandably so. But the July Jobs Report (and the recent JOLTS report) are positive signs for the labor market.

Read more at CNBC.

Party Favors (extra reading)

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