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Recruiting News Roundup #FridayReads

Happy Friday! Take a look at this week’s must read articles for recruiters, hiring managers and everyone in between:

Tips for Selecting a Screening Partner with Updated Information (Read @ Verified First)
Hiring the wrong candidate can cost you. To fill a position with a new hire in 2022, your company will have to pay around $16,999. But that’s not even a fraction of what it costs to replace a bad hire.

Elon Musk’s 40 Hours in Office Requirement Is Brilliant (Read @ Evil HR Lady)
Elon Musk is a great social media troll and the world’s richest person. He likes to poke and provoke, but he also runs businesses that include a lot of hands-on work. He sent a memo to employees at Tesla. Someone leaked the memo (and I expect that someone may not work there much longer, but that’s a pure guess.)

Is Your Hiring Process Costing You Talent? (Read @ Harvard Business Review)
Job seekers aren’t only looking for higher pay and better workplace benefits. They’ve also lost patience with ever-cumbersome hiring processes. They know that they are in demand, and they want to see that employers recognize their value.

There’s a fairly inexpensive way companies can save millions in employee turnover costs (Read @ Fortune)
Your mother always told you to say ‘thank you.’ That’s not just good manners—it turns out that simple phrase can have a real impact in the workplace.

Great Resignation regret is sweeping the nation as workers who quit for more money quit again: ‘It sucks to be miserable’ (Read @ Business Insider)
Even though a record-high 4.5 million Americans quit their jobs in March, fewer appear to be choosing to remain in their new positions, according to a LinkedIn study of 500,000 job changes in 2021 and first reported by Bloomberg.

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May 2022 US Labor Market Update: Job Seeker Interest Shifts Toward In-Person Work (Read @ Indeed)
Job seeker interest is recovering for in-person work, according to Indeed’s Relative Job Seeker Interest metric, which measures interest in an occupational sector relative to the average job posting.

What does a four-day work week mean for the future of work? (Read @ World Economic Forum)
Today, the traditional 9-5, five-day workweek looks more old-fashioned than a Ford Model T. Workers are rightly calling for more flexibility, better work-life balance, and more choice in deciding when, where, and how to best do their jobs.



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