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Tag: Onboarding

The US continues to add jobs despite declining employment trends

Recession concerns mount up 

Despite the US adding 528,000 jobs in July, The Conference Board’s Employment Trends Index saw a drop, showing signs of slower job gains ahead. The organization also showed concern about a possible recession.

July’s Employment Trends Index level of 117.63 dropped from June’s downwardly revised reading of 118.71.

It is thought that slower job gains are likely to bring the labour market in line with the rest of the economy, which Is already seeing a slowdown in activity. The Conference Board, however, expects the US unemployment rate to remain below 4.5% in 2023. It was 3.5% in July.

Frank Steemers, Senior Economist at The Conference Board, said: The Employment Trends Index declined in July and has now been on a downward trend since March 202. While the US labour market is currently still robust, the recent behaviour of the index signals that slower job gains should be expected over the next several months.”

“It is increasingly likely that the US economy will fall into recession by year end or early 2023, with the Fed expected to continue raising interest rates rapidly over the coming months.”

“While businesses are currently still struggling with severe labour shortages, they may soon see some reduced pressure in recruitment and retention difficulties as economic activity cools.”

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Two major announcements for Trinnovo Group

“Trinnovo Group is purpose-led with a mission to build diversity, create inclusion, and encourage workplace innovation.” – Richard MacMillan, Chairperson, Trinnovo Group

In April, Trinnovo Group made two announcements: the appointment of Richard MacMillan to the Board of Directors as Chairperson as well as the launch of its fourth brand Equiris Consulting.

NEW CHAIRPERSON
Richard has a 25-year history in the staffing industry was CEO of health and life science staffing and services company called Independent Clinical Services (ICS) for 14 years. He led the growth and diversification of ICS through three periods of Private Equity ownership until it sold in September 2020. During his tenure, ICS completed multiple acquisitions, expanded its international presence, and developed several innovative healthcare services.

Richard commented: “Trinnovo Group is an exciting and dynamic business led by exceptionally talented people and I am delighted to join as Chairperson. Trinnovo Group is purpose-led with a mission to build diversity, create inclusion, and encourage workplace innovation. They have a unique and exciting approach to the full talent cycle. The business is flourishing, and I look forward to working with the team as they continue to diversify the business and grow internationally.”

James Cox, Trinnovo Group CEO also commented: “I am delighted to have Richard join us as Chairperson. Richard’s track record in international growth driven by an entrepreneurial and technology focused approach is second to none. The Board and I are hugely excited to work with Richard and to continue disrupting the recruitment sector via our people and delivering our vision, to be the fastest organically growing and most impactful recruitment business on the planet. Ashley Lawrence continues to support the group working with the Trinnovo Board in his new role as Founder.”

NEW BRAND
The announcement of the new brand, Equiris Consulting will enable high-growth businesses to attract, retain and develop amazing people and high-performing teams that are representative of society by ensuring that the world of work is a more inclusive and equitable place for everyone.

Equiris is a talent consultancy and solutions provider with a diversity, equity, and inclusion methodology that is focused on the full talent lifecycle including attraction, assessment, onboarding, learning and development and retention.

TIARA Recruitment Award winners 2021, Trinnovo understands that every business is unique, and focus on building strong relationships that enable them to truly understand their clients’ business strategies. This focus enables them to embed bespoke talent solutions into clients’ businesses that help them achieve sustainable growth while ensuring that diversity, equity, and inclusion are at the forefront of their strategic agenda. It works closely with its sister brands, specialist recruitment companies Trust in Soda, Broadgate and BioTalent, to offer a full wrap-around DEI focused talent solution.

Cara Myers, Talent Advisory Director at Equiris Consulting commented: “I am so incredibly excited to be launching Equiris Consulting. Across our social enterprise and unique platforms, we have inspired a lot of change within the workplace and worked hard to make it a place that is more inclusive for everyone. We recognised, however, that we have an opportunity to do more, and to not only inspire change but to also work with our clients and partners to offer very targeted DEI focused talent solutions that enable high-growth companies to scale in a way that is diverse, equitable and inclusive.”

James Cox, Trinnovo Group CEO also commented: “The Board and I are hugely excited to launch Equiris Consulting. We created Equiris Consulting because we want to provide solutions that enable high-growth, tech-enabled businesses to grow in diverse and sustainable way. We are on a mission to build diversity, create inclusion, and encourage workplace innovation, and we are excited to see the impact that will be delivered through our new talent consultancy and solutions provider.”

 

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Efficient onboarding vital amid chronic skills shortages 

A positive candidate experience is likely to result in job offer acceptance

Job vacancies across the UK have reached a record high of 1.03million. When considering the war for talent and according to screening and identity services firm, Sterling, employers must streamline onboarding processes or risk losing candidates to the competition.

Research has found that 60% of job seekers abandon the application process if it takes too long or is too complex with a separate study suggesting that a positive candidate experience makes a candidate 38% more likely to accept a job offer from a company.

Steve Smith, Managing Director, Sterling EMEA commented: “There is no doubt that acute skills shortages across the UK are driving the need for efficient onboarding processes. With rising vacancy numbers and competition for talent intensifying, employers must quite simply streamline background screening processes or risk losing candidates in the process.

“With UK employment now at pre-pandemic levels employers across almost every sector are crying out for skills – and in this jobseeker-driven market, candidate experience can become your competitive advantage.”

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Talent Tech Stars crowned

First in-person TIARA ceremony of 2021 

Winners of the 2021 TIARA Talent Tech Star Awards were revealed at a gala lunch for 120 guests at the Kings Fund in London today, attended by CEOs and founders of some of the UK’s leading HR and Recruitment Technology companies.

“As we emerge to a post-pandemic economy, business model transformation is a given,” said Ken Brotherston, MD of TALiNT Partners. “This, combined with an acute shortage of talent across every area of the job market, including recruitment itself, has created a perfect storm for HR Tech to show its value.” 

“The 35 Talent Tech Stars shortlisted this year are solving the talent challenges that employers and recruiters must address in a constantly evolving market,” added co-host Alex Evans, Programme Director of TALiNT Partners. “The winners demonstrated the value and impact of their solutions to a respected panel of judges, making a TIARA Talent Tech Star Award a powerful endorsement.” 

The judging process for the TIARA Talent Tech Star Awards is designed around the expectations of buyers and investors, based on key performance metrics, case studies and testimonials. An impressive and influential panel of judges from companies including LinkedIn, ManpowerGroup, SThree, Thames Water, AMS and the FCSA was chaired by Martin McCourt, former Dyson CEO and now Chairman and Non-Executive Director of companies including Weber, HeadBox, Lightfoot, FreeFlow Technologies and The learning Curve Group. 

“The 2021 Talent Tech Star Award finalists represent challengers, disruptors and transformers across the spectrum of business growth, from high potential, early-stage start-ups to scaling SMEs,” said Martin McCourt. “What they all have in common is great focus, execution, and ambition. They have also validated game-changing innovation and excellent customer service with some solid case studies and testimonials. 

“It was difficult for the judges to choose winners from such strong shortlists and even harder to choose a Champion of Champions from 13 very strong contenders. It has to be exemplary to inspire others to aspire to greater ambition and impact. That’s what transforms industries.” 

Odro was the biggest winner this year, winning the Talent Tech Customer Service Award, Leader of the Year for CEO Ryan McCabe, and ultimately crowned TIARA Champion of Champions to top a game-changing year for the video tech specialist. 

“It has been a great year for Odro, with big client wins including Hays and a £5m growth investment from BGF,” said Alex Evans. “Winner of this year’s Customer Service and Leader of the Year awards, Odro has demonstrated excellence, leadership, and growth to make it a worthy Champion of Champions for 2021.” 

The TIARA 2021 Talent Tech Star Awards campaign was supported by partners Deloitte, Marriott Harrison and Optima Corporate Finance. 

“Optima Corporate Finance is delighted to sponsor the Talent Tech Leader of the Year Award,” said Optima founder Philip Ellis. “This year more than ever, strong leadership was required as businesses had to combine the implementation of their vision with the challenges of lockdown. All of this year’s finalists demonstrated strong leadership in adapting, transforming and driving growth.”

“Marriott Harrison is delighted to be part of the TIARA Talent Tech Star Awards and to recognise the significant value HR and RecTech solutions bring to the recruitment industry and the wider economy,” said Chris Mooney, Partner at Marriott Harrison. “We commend the innovation and impact shown by this year’s finalists for Candidate Experience Solution of the Year.”

“Achieving scale in a challenging economy is doubly impressive and finalists for this year’s award have adapted and transformed to build strong foundations for growth,” said Kiren Asad, Director, FA – Advisory Corporate Finance, Deloitte LLP. “Deloitte is proud to partner with TALiNT Partners and the TIARA Talent Tech Star Awards to recognise and support scale in HR Tech.” 

The full list of TIARA Talent Tech Star Award winners and highly commended finalists is as follows: 

The Workforce Solution of the Year 

  • Winner: Pixid 
  • Highly Commended: TalismanTech 

The Contractor Solution of the Year 

  • Winner: My Digital 
  • Highly Commended: Parasol Group 

The Candidate Experience Solution of the Year 

  • Winner: 360 Resourcing Solutions 
  • Highly Commended: TribePad 

The Recruitment Marketing Solution of the Year 

  • Winner: Paiger 
  • Highly Commended: TalismanTech 

The D&I Solution of the Year 

  • Winner: Arctic Shores 
  • Highly Commended: Get Optimal 

The Compliance Solution of the Year 

  • Winner: My Digital 
  • Highly Commended: People Group 

The Onboarding Solution of the Year 

  • Winner: CA3 & Eli Onboarding 
  • Highly Commended: LearnAmp 

The Learning Solution of the Year 

  • Winner: Clear Review 
  • Highly Commended: Hoxo Media 

The Talent Tech Customer Service Award 

  • Winner: Odro 
  • Highly Commended: Clear Review 

The Talent Tech Scale Up Award 

  • Winner: Sonovate
  • Highly Commended: Paiger 

The Talent Tech Innovation Award 

  • Winner: Mercury xRM 
  • Highly Commended: Idibu 

The Best Talent Tech Company to Work For  

  • Winner: Firefish Software 
  • Highly Commended: TribePad 

The Optima Talent Tech Leader of the Year 

  • Winner: Ryan McCabe, CEO, Odro 

The Talent Tech Champion of Champions 

  • Winner: Odro 

Register for updates on the TIARA 2022 Talent Tech Star Awards campaign at https://talenttech.tiara.talint.co.uk/register-for-2022-updates/ 

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