Global Talent #5
Why It’s Time to Rethink Job Postings and How Oyster’s $59M Series D is Fueling the Global Talent Revolution
Why Companies Should Consider Abandoning Traditional Job Postings in Favor of Targeted Outreach
Dave Sobel | Business of Tech | August 24, 2024
In this conversation with Dave Sobel on The Business of Tech podcast, which focuses on IT services news and commentary, we discussed the rapid evolution of the global talent landscape and the challenges and opportunities that come with it. Many companies are looking into international recruitment to maintain service quality while addressing operational efficiency concerns, especially in times of economic uncertainty. However, traditional hiring methods are becoming less effective due to AI tools enabling mass job applications. I advocate for a more proactive approach to talent acquisition, urging companies to focus on targeted outreach rather than relying solely on job postings to engage ideal international candidates directly. I also highlighted emerging talent markets in Africa and the Balkans as promising sources of skilled tech workers.
Reflecting on Global Hiring Trends: My Conversation with Tony Jamous, CEO of Oyster, on Winning the Global Talent War
Winning the Global Talent War | November 4, 2021
In my 2021 conversation with Tony Jamous, CEO of Oyster, on Winning the Global Talent War, we explored the transition from local to global hiring and the various challenges it presents. This conversation remains just as relevant today, especially with Oyster’s recent announcement of raising $59M in Series D funding. During the interview, we touched on key insights around international recruitment trends, compensation variations across countries, and compliance challenges in global employment. We also discussed the significant onboarding hurdles when managing teams spread across different time zones, which require rethinking organizational practices to ensure success for remote employees.
The shift toward “work from anywhere” models holds the promise of a more equitable world by democratizing access to opportunities, potentially leading to a more balanced global distribution of wealth and job opportunities. Reflecting on my own experience, the conversation highlighted how critical it is to create an interconnected and humane world economy where individuals can thrive in their local cultures while contributing meaningfully to the global workforce.
4 Generative AI Trends Leaders Should Watch Out For to Accelerate Skills-Based Hiring
Bhawna Bist, Swati Garnaik, Rudy Komaravolu | Deloitte | May 17, 2024
From job posting creation to candidate outreach, Generative AI is transforming the entire talent acquisition process towards enhancing personalization. Skills-based hiring is rapidly gaining momentum as companies recognize the limitations of traditional credential-focused approaches. Organizations can now tap into more diverse talent pools and better align with rapidly evolving job requirements. Assessment intelligence platforms are leveraging AI to provide deeper insights into candidates' abilities and potential fit. Lastly, specialized technologies that emphasize speed and efficiency without sacrificing candidate experience are transforming high-volume hiring. Forward-thinking leaders who embrace these trends stand to gain a significant competitive advantage in the war for talent, creating more effective and equitable hiring processes.
How Direct Sourcing is Transforming the Quality of Corporate Talent
Brian Wallace | Hackernoon | August 14, 2024
Direct sourcing is emerging as a critical strategy for businesses planning to expand amid worker shortage concerns. This approach involves cultivating private talent pools of pre-identified candidates for temporary positions and is gaining traction among large corporations. Recent data suggests that 60% of major corporations are either implementing or planning to adopt direct sourcing programs as against traditional recruitment that relies on incoming applications. Companies can address the pressing challenges of the current labor market by building and maintaining diverse talent pools of both active and passive job seekers. Direct sourcing not only helps mitigate talent scarcity but also provides significant financial benefits, with 98% of organizations reporting cost savings.
The 'So What' Revolution: A Simple Phrase Challenging Hiring Biases
Gail Tolstoi-Miller | TEDxTalks | May 4, 2017
Research has unveiled the surprising impact of unconscious bias in hiring decisions. Recruiters, bombarded with information, often rely on mental shortcuts that can lead to unfair judgments. Gail Tolstoi-Miller, a veteran recruiter and career coach, shares her insights on how seemingly innocuous details, from email addresses to social media posts, can sway hiring decisions. Even phone interviews, presumed to be impartial, can fall prey to biases based on vocal characteristics. She highlights a simple yet powerful tool to combat unconscious bias: asking "So what?" This question prompts recruiters to challenge their assumptions and focus on relevant qualifications, offering a practical method for improvement.
