The Coolest MSP Tools of 2024: What Hiring Managers Need to Know

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In the fast-paced world of IT, keeping up with the latest tools and technologies is crucial. As we look at 2024, the Managed Service Provider (MSP) landscape is brimming with innovative solutions designed to streamline operations, enhance security, and boost efficiency. Whether you're already familiar with these tools or just starting to explore their potential, here's a look at some of the coolest MSP tools right now and how hiring managers can leverage this information.

Top 10 MSP Tools Making Waves in 2024

  1. ConnectWise: A comprehensive suite of Remote Monitoring and Management (RMM) and Professional Services Automation (PSA) tools.

  2. NinjaOne: Known for its unified IT management platform that simplifies complex processes.

  3. Atera: Combines RMM, PSA, and remote access functionalities in a single platform.

  4. ThreatLocker: Offers robust cybersecurity measures to protect against evolving threats.

  5. Rewst: Specializes in automation, streamlining MSP workflows to enhance efficiency.

  6. CyberQP: Provides advanced cybersecurity solutions tailored for MSPs.

  7. Kaseya/Datto: Renowned for backup and disaster recovery solutions.

  8. N-able: Offers a comprehensive range of IT management and security tools.

  9. MSPbots: Utilizes AI to drive operational efficiency and smarter decision-making.

  10. LogicMonitor: Known for its powerful and comprehensive monitoring capabilities.

How These Tools Impact Hiring Managers

As a hiring manager in the IT sector, understanding and leveraging the latest MSP tools can significantly impact your recruitment strategy and team development. Here’s how:

  1. Identify Skill Gaps

    Staying updated on trending tools allows you to spot skill gaps within your current team. For example, if AI-driven automation tools like Rewst are gaining traction, ensure your team has the necessary skills to utilize them effectively.

  2. Tailored Training Programs

    Use your knowledge of these tools to design or recommend training programs for your existing employees. If your team isn’t yet familiar with advanced cybersecurity solutions like ThreatLocker, prioritize training in this area to stay ahead of potential security threats.

  3. Optimized Job Descriptions

    Crafting job descriptions that include specific tools your company is adopting or planning to adopt can attract candidates who are already proficient with these technologies. This reduces onboarding time and ensures a smoother transition.

  4. Competitive Advantage

    Highlighting your use of cutting-edge MSP tools in your recruitment process can make your company more appealing to top talent. It signals that your company is innovative, forward-thinking, and invests in the latest technologies.

  5. Collaboration and Innovation

    Encourage your team to collaborate on exploring these tools. Sometimes, the best insights come from hands-on experience. This approach not only improves your team's proficiency but also fosters a culture of continuous learning and innovation.

Conclusion

Posted by KAREL LUKAS

As the IT landscape continues to evolve, staying informed about the latest MSP tools is essential for hiring managers. By leveraging this information, you can ensure your team is equipped with the right skills and tools to stay competitive. From identifying skill gaps and optimizing job descriptions to fostering a culture of innovation, these tools offer numerous benefits that can significantly enhance your recruitment and team development strategies. Stay ahead of the curve and make the most of these cutting-edge MSP solutions in 2024.

The Trevi Group | “Executive Search for Technology Professionals” | www.TheTreviGroup.com

#thetrevigroup #recruitingtrends #informationtechnology #employmenttrends #jobmarket #hiringtrends

'SHIFT Report - Trending Topics in the World of Work_ (June 2024)

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Our June issue of SHIFT stresses the importance of aligning employment with health drivers; using human-work models to boost employee performance; how "quiet quitting" has evolved into "resenteeism"; and how "shift shock" is sweeping social media.

Working to Thrive

According to U.S. News, a pattern known as "shift shock" was one of the top 10 workplace trends of 2023, and it has risen in 2024. So, what is "shift shock?" It's the realization that your new role is not what you expected it to be, and it’s sparking conversation online, mainly among younger job seekers. A recent Muse Shift Shock Survey found that 72% of the Muse audience say they've experienced "shift shock," and 80% of the respondents said it's acceptable to leave a new job before six months if it doesn't live up to your expectations.

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Using Human-centric Work Models to Boost Employee Experience and Performance

According to a recent Gartner survey, employees operating in human-centric work models are three times more likely to both enjoy high intent to stay in their organisation and see low levels of fatigue. Fatigue, often associated with diminished employee engagement, can significantly impact organisational productivity and engagement. All this can lead to increased stress, burn out and poor talent retention. In light of this, organisations need to optimise their workplace, regardless of the model (remote, hybrid, on-site) with a compelling work culture value proposition that will enhance the overall employee experience and in return, drive productivity. They also must navigate competing priorities, ensuring that initiatives aimed at enhancing the employee processes that will drive tangible business results.

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 'Quiet Quitting' Has Evolved into 'Resenteeism'

Millennials are growing up - they are now managers in our workforce. It's time to talk about Gen Z, the generation born between 1997 and 2012. When it comes to workplace engagement, Gen Z gets a bad rap. Members of the generation are accused of being too casual in professional settings and have been declared "the most challenging generation to work with." So perhaps it's no surprise that workplace dissatisfaction is such a hot topic of conversation.

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'Shift Shock' Among the Top 10 Workplace Trends Sweeping Social Media

According to U.S. News, a pattern known as "shift shock" was one of the top 10 workplace trends of 2023, and it has risen in 2024. So, what is "shift shock?" It's the realization that your new role is not what you expected it to be, and it’s sparking conversation online, mainly among younger job seekers. A recent Muse Shift Shock Survey found that 72% of the Muse audience say they've experienced "shift shock," and 80% of the respondents said it's acceptable to leave a new job before six months if it doesn't live up to your expectations.

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The Trevi Group | “Executive Search for Technology Professionals” | www.TheTreviGroup.com

#thetrevigroup #recruitingtrends #informationtechnology #employmenttrends #jobmarket #hiringtrends

BLS Employment Situation Report -- published June 7, 2024

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Employment Summary for May 2024

Most labor market watchers from Wall Street to Main Street and in Washington DC were expecting to see a modest uptick in job growth in today’s data released by the Bureau of Labor Statistics monthly payroll report (BLS).

The 272,000 job gain was a bit more than the experts’ “modest” expectations, indicating a still growing economy and reducing the likelihood of a short-term cut in interest rates by the Fed. May’s growth was higher than the average gain of 232,000 over the past twelve months and saw gains in a broader range of industries verses the past few months.

The unemployment rate ticked up to 4.0 percent. A year earlier the rate was 3.7 percent.

“An underlying driver of not only today’s job market data but of the overall economy has been the anticipated impact of artificial intelligence on business productivity in virtually every industry. Our talent sourcing industry is no exception and in fact today we see benefits from AI not only in technology jobs but in talent search assignments ranging from healthcare and medical devices to engineering, finance and cyber security firms.

In May, forty of our franchise owners gathered to share best practices and to gain insight on technology trends from leading industry suppliers. A key topic from the Charleston, SC meeting was to better understand how AI, and its application on digital technology platforms, can enhance talent delivery effectiveness for search professionals and for clients and candidates,” noted Rick Hermanns, president and chief executive officer of HireQuest Inc., parent company of MRINetwork.

“Our professionals recognized that AI is significantly impacting search and recruitment processes right now. Many owners and managers throughout the global MRINetwork are using AI-driven tools to streamline various stages of the hiring process; from sourcing candidates, to resume screening, to analyzing initial assessments. We are finding not only obvious advantages including improved search efficiency and faster speed to hire but are seeing exciting potential in evaluating job requirements and more accurately aligning candidate skills, experience, and cultural fit to that job description.”

Providing an overview of today’s surprising uptick in the BLS data, The Wall Street Journal’s Sam Goldfarb noted, “Friday’s release comes after several recent reports have hinted at some unexpected weakness in the economy. Recent data on retail sales, overall consumer spending, construction and industrial production have all come in below economists’ expectations. Demand for workers has also appeared to be ebbing. There has been a modest uptick in the number of people applying for unemployment benefits after losing a job. Listed job openings have declined faster than economists had anticipated.” He further noted, “Most economists have remained optimistic about the near-term outlook, believing the economy is normalizing after a surprisingly hot stretch last year, rather than deteriorating in a more concerning fashion. Any anxieties on Wall Street that the economy might be cooling too fast were also mitigated earlier this week with the release of a stronger-than-expected report on the U.S. services sector.”

A possible explanation of the divergence between big increases in the payroll while also seeing a growth in unemployment, Ali Jaffery at CIBC Capital Markets noted, “We have tended to favor payrolls data given it better captures the impact of immigration.”

Employment continued to advance in several industries.

Healthcare added 68,000 jobs in May, in line with the average monthly gain of 64,000 over the prior 12 months.

Government employment continued to grow in May (+43,000), in line with the average monthly growth over the prior 12 months (+52,000).

Employment in leisure and hospitality continued to trend up in May (+42,000), similar to the average monthly gain over the prior 12 months (+35,000). Employment in food services and drinking places continued to trend up over the month (+25,000).

Professional, scientific, and technical services added 32,000 jobs in May, higher than the average monthly gain of 19,000 over the prior 12 months. Over the month, employment increased in management, scientific, and technical consulting services (+14,000) and in architectural, engineering, and related services (+10,000).

In May, employment in retail trade continued to trend up (+13,000), about in line with the average monthly gain over the prior 12 months (+8,000). Building material and garden equipment and supplies dealers provided most of that growth (+12,000).

Employment showed little or no change over the month in other major industries, including mining, quarrying, and oil and gas extraction; construction; manufacturing; wholesale trade; transportation and warehousing; information; financial activities; and other services. The transportation sector had added 22,000 jobs in April possibly indicating a slowdown in growth in that key industry.

“AI has already had a significant influence on many industries, and we’ve seen a significant impact within the healthcare segment which was the leading sector in today’s BLS data. The new technology promises improvements to mundane tasks such as taking notes and adding data to electronic health records without intense oversight from busy healthcare professionals. But it has only begun to show its value in collecting and analyzing data from diverse technologies and sources to provide a holistic view of a patient’s health and even treatment options.

MRINetwork talent professionals in our healthcare practices are helping both clients and candidates to understand how this wave of AI innovation will change every facet of healthcare recruitment. We advise candidates to embrace computer literacy to stand out as top performers and we work with clients to apply AI solutions to their workforce planning, recruitment and hiring processes. We look forward to the exciting evolution changing the healthcare talent landscape,” noted Hermanns.

The Trevi Group | “Executive Search for Technology Professionals” | www.TheTreviGroup.com

#thetrevigroup #recruitingtrends #informationtechnology #employmenttrends #jobmarket #hiringtrends

Podcast: Every Industry Has Its Dips: How to Deal With Demand Drops w/Karel Lukas

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Just like many industries, recruiting isn’t immune to market highs and lows. Every sector is going to have its dips, and that can affect both demand and supply.

When there’s uncertainty in the economy, no one wants to rock the boat. Candidates want to stay where they are, and companies decide to cut back on hiring.

Over the last year, tech has found itself in this position. Between layoffs and concerns around AI, there has been a dip in demand, and it can leave a recruiter in a tough spot. How do recruiters deal with these pullbacks and survive to see the inevitable market upswing?

This is where tenacity and persistence really come into play. A post-and-pray approach won’t take you far in this market, a shaking-the-trees mentality will.

How do you make your business market-proof? What’s the secret to finding those hidden gem candidates? In this hashtag

#TalentHunters episode hosted by Vince Holt, president and managing director of The Trevi Group, Karel Lukas talks about what attracted him to recruiting, what makes his team stand out and his mindset on demand dips.

#recruitinglife #executivesearch #technology #entrepreneur #thetrevigroup #informationtechnology

https://lnkd.in/ekGiJWGF

'SHIFT Report - Trending Topics in the World of Work_ (May 2024)

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Our May issue of SHIFT considers complications the 2024 election may bring to the workplace; explains a US labor board rule on contract and franchise workers; highlights emerging business intelligence trends; and reports on Microsoft's latest moves on the AI front.

Managers can't escape politics in the workplace in the 2024 election year

Politics often makes for fraught office situations. With the presidential primaries in progress and the November general election quickly approaching, employers have already started bracing for a divisive election that will almost certainly impact their workforce. As reported by Yahoo Finance, dozens of executives and workplace experts Fortune spoke with say that business leaders should devise a policy rooted in the company's values sooner rather than later. Waiting until election season is in full swing to figure out what to say to workers is the wrong move.

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Judge blocks US labor board rule on contract and franchise workers

A federal judge in Texas has struck down a U.S. National Labor Relations Board (NLRB) rule that would treat many companies as employers of certain contract and franchise workers and require them to bargain with unions representing them, according to a report by Reuters. U.S. District Judge J. Campbell Barker agreed with the challengers to the "joint employers" rule, including the U.S. Chamber of Commerce, that it is too broad and violates federal labor law.

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Future of Business Intelligence

The world of business intelligence (BI) is giving rise to a future where data unfolds with fresh perspectives and unexplored potential. It's no longer just a question of whether you need business analytics, but rather, how to find the best BI solution tailored to specific needs. By staying up to date with emerging trends, you’ll ensure your BI solution continues to provide the most value to your business. The article from ThoughtSpot provides more details about these trends and highlights additional business intelligence trends you can expect to see going forward.

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Microsoft Hires Influential AI Figure to Head up Consumer AI Business

In more news on the AI front from US News & World Report, Microsoft has hired Mustafa Suleyman to head up its consumer artificial intelligence business, adding to its ranks an influential figure to cement its position at the forefront of the booming AI industry. Suleyman, co-founder of AI research lab DeepMind, will become CEO of Microsoft AI, leading all of the company's consumer AI products and research, including its generative AI service Copilot as well as its Bing search engine and Edge browser.

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The Trevi Group | “Executive Search for Technology Professionals” | www.TheTreviGroup.com

#thetrevigroup #recruitingtrends #informationtechnology #employmenttrends #jobmarket #hiringtrends

BLS Employment Summary for April 2024 (published 5/3/2024)

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Once again, the Bureau of Labor Statistics monthly payroll report (BLS) takes center stage as investors, business executives, politicians and economists look for clues on the direction of the all-important jobs market. Today’s data had a little something for each of these audiences.

The report may indicate the first sign of a cooling job market as the BLS reported a gain of 175,000 jobs in April, lower than the average monthly gain of 242,000 over the prior 12 months. Analysts’ estimates had forecasted gains of about 250,000 jobs. The figures give hope to investors for possible fourth quarter Fed rates cuts, to business for easing of the skilled labor crunch, and to politicians for whatever spin they want to apply to the data.

The unemployment rate ticked up to 3.9 percent.

“Once again today’s data demonstrated the resilience of the small and large businesses’ that employ over 150 million Americans. Analysts pour over this monthly data to understand trends that might point to the overall health of the economy or to future actions by the Federal Reserve or, in this election season, to develop themes that might be advantageous to their favored candidate.

Leaders in our global MRINetwork of over 200 executive recruitment offices and the over 2500 talent search professionals look at the data to better understand trends within the industry groups reported by the BLS. We look for employment data and try to understand business drivers in the dozens of BLS industry sectors — from accommodation and food services to finance and insurance to semiconductor manufacturing and even warehousing and storage industries — where our teams operate in,” noted Rick Hermanns, president and chief executive officer of HireQuest Inc., parent company of MRINetwork.

“Shortly before I was preparing my comments on the BLS report this morning, I was reviewing the agenda for our firm’s annual American Hero Awards program. It is our nineteenth year of honoring U.S. servicemen and women who have fought for our freedom. Each year in mid-May, we gather aboard the USS Yorktown in Charleston, SC and present the American Hero Award to a veteran who exemplifies the values of the U.S. armed forces and to salute the Ultimate Hero Award honoree presented to the family of an individual who made the ultimate sacrifice in meritorious combat. It reminded me of the debt we owe to our veterans. Our U.S. offices strive to identify opportunities for those who have served in the armed services, and in fact some are veteran-owned and focused on the many industries who leverage candidate skills acquired in military service.

I’d urge all of our clients to ensure they have an understanding of the value that a seasoned military veteran can add to their talent mix. They bring not just technical skills but tangible attributes in leadership, teamwork, problem solving, and are top performers in stressful situations. It’s a win-win opportunity than every organization needs to consider.”

The Wall Street Journal’s Sam Goldfarb summarized today’s report, “Stock futures climbed, suggesting investors were pleased with the data, which could increase optimism about the outlook for inflation. Before Friday, recent data had shown remarkable stability in the labor market. Despite the Fed’s efforts to fight inflation by lifting borrowing costs, businesses have continued to hire at a robust clip, the unemployment rate has ticked up only modestly, and a report on Tuesday suggested that a slowdown in wage growth has stalled. Economists have noted that conditions could shift quickly. Past surges in unemployment have often arrived with little warning. Demand for workers has already cooled, with declines in the number of job openings and in the share of workers voluntarily leaving their jobs.”

Last week, Citi economists Veronica Clark and Andrew Hollenhorst wrote in a preview note, “Another upside surprise to payrolls would further the recent narrative of few or no rate cuts from the Fed. But Fed officials have been downplaying any hawkish reaction to stronger employment, and a downside surprise to employment would lead to a sharp pricing-in of more Fed rate cuts.”  It remains to be seen how the Fed interprets the April figures.

There were no outstanding industry sector performers as the data reported moderate growth in most areas.

Healthcare added 56,000 jobs in April, in line with the average monthly gain of 63,000 over the prior 12 months.

In April, transportation and warehousing added 22,000 jobs, with gains in couriers and messengers (+8,000) and warehousing and storage (+8,000). Over the prior 12 months, employment in transportation and warehousing had shown little net change.

Employment in retail trade continued to trend up in April (+20,000). Over the prior 12 months, the industry had added an average of 7,000 jobs per month.

Construction employment improved slightly in April (+9,000), following an increase of 40,000 in March. Over the prior 12 months, construction had added an average of 22,000 jobs per month.

Notably growth in government employment cooled in April as 8,000 jobs were added versus an average job addition of 55,000 per month over the past 12 months.

Employment was little changed over the month in other major industries, including mining, quarrying, and oil and gas extraction; manufacturing; wholesale trade; information; financial activities; professional and business services; leisure and hospitality; and other services.

“If you will be in the low country of Charleston, SC area on May 14, please feel free to join us on the USS Yorktown as we honor two courageous Americans. Or you are invited to join the event via live streaming. Let us know and we will welcome you aboard,” noted Hermanns.

The Trevi Group | “Executive Search for Technology Professionals” | www.TheTreviGroup.com

#thetrevigroup #recruitingtrends #informationtechnology #employmenttrends #jobmarket #hiringtrends

'SHIFT Report - Trending Topics in the World of Work_ (April 2024)

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Our April issue of SHIFT examines the shift away from long-term employment; identifies the world's most influential CEOs in 2024; looks at the high demand for labor in the construction industry; and explores the workforce trends leaders are following this year.

Job for life? Not anymore.

The shift from stable, long-term employment and single-employer careers to a world where frequent job changes are the norm comes directly from globalization, rapid technological advancements and the changing ideas about work.

Career paths have become fluid and multi-directional. It’s no longer just about climbing the corporate ladder and getting a regular paycheck; it’s about exploring different paths, switching jobs and industries and sometimes even venturing into freelancing and the gig economy.

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The World's Most Influential CEOs of 2024

Brian Moynihan, Chairman and CEO of Bank of America, has topped the global ranking of the world’s best CEOs across all industries for 2024, according to CEOWorld Magazine. Jamie Dimon, Chairman and CEO of JPMorgan Chase, has secured the second spot, followed by Amin H. Nasser, CEO of Saudi Aramco, at No. 3, Darren W. Woods, CEO of Exxon Mobil, at No. 4, Satya Nadella, CEO of Microsoft, at No. 5, and Tim Cook, CEO of Apple, at No. 6. The CEO of Shell, Wael Sawan, has been ranked seventh among the world's top 10 best CEOs and business executives for 2024. Akio Toyoda, who leads Toyota Motor, has been ranked eighth. Liao Lin of the Industrial and Commercial Bank of China and Kyung-Kye Hyun, the chief executive of Samsung Electronics, hold the ninth and tenth positions.

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2024 Construction Workforce Shortage Tops Half a Million

The construction industry will need to attract an estimated 501,000 additional workers on top of the normal pace of hiring in 2024 to meet the demand for labor, according to a proprietary model developed by Associated Builders and Contractors. In 2025, the industry will need to bring in nearly 454,000 new workers on top of normal hiring to meet industry demand, and that’s presuming that construction spending growth slows significantly next year.

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Workforce Trends Leaders Are Following This Year

Thanks in part to what some are calling a forever labor shortage, more employers will turn to skills-based hiring, according to Forbes. The pandemic left a permanent mark on hiring trends, leading companies to look toward alternative solutions when it comes to growing their staff. Whether it’s the newer generations’ shift in workplace values, or job seekers finding other means to upskill rather than relying on secondary education, companies will need to adapt to the ever-changing workforce landscape.

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The Trevi Group | “Executive Search for Technology Professionals” | www.TheTreviGroup.com

#thetrevigroup #recruitingtrends #informationtechnology #employmenttrends #jobmarket #hiringtrends

BLS Employment Situation Report -- published April 5, 2024

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Analysts were anticipating a slight cooling in overall labor market conditions with non-farm payroll hiring expected near the 2000,000-mark in this month’s Bureau of Labor Statistics (BLS) payroll report. Once again, today’s BLS data, indicating a jobs gain of 303,000, surprised the experts. March results are higher than the average gain of 231,000 over the prior 12 months, partially driven by an uptick in government hiring.

Unemployment at 3.8 percent remained in the same range narrow range of between 3.7 to 3.9 percent since August 2023.

“As experts analyze today’s BLS employment data and try to model future trends in the overall U.S. jobs market, I’d like to drill down to a key segment of the employment landscape. Our global Network of over 200 executive recruitment offices focus on top talent primarily within the college educated segment of the U.S. labor force. That segment is experiencing what amounts to full employment with jobless rates of 2.2% or lower. Our teams provide clients with access to a highly sought after sub-segment of this cohort with even lower rates of unemployment, experienced executive, professional, technical and managerial talent,” noted Rick Hermanns, president and chief executive officer of HireQuest Inc., parent company of MRINetwork.

“A recent article in the Wall Street Journal draws attention to a critical talent recruitment and onboarding skill that many clients tend to undervalue or even ignore. The reporters address the particular recruiting challenges in the high-flying world of Nvidia, one of the most desired employers in the tech world. They note ‘a sense of urgency’ drives Nvidia managers in both the hiring and onboarding processes. Not a reckless desire to get things done quickly, but a carefully thought-out process integrated into the company’s culture where the reporters noted, ‘Nvidia would usually wait no longer than two weeks from first interviewing a candidate to making a decision.’ They report the brief but intense hiring process is followed by a quick immersion of the new employee into a world where new hires, ‘are quickly thrown into big projects with real responsibilities.’ In today’s business climate, highly talented candidates expect to be treated with respect indicated by a focused interviewing process with tightly targeted questions, followed by immediate feedback and a transparent decision-making process. When hired the best performers then thrive on immediate involvement in meaningful projects.”

CNBC reporter Jeff Cox provided an overview of today’s results in an era of higher interest rates, “The job market’s resilience has confounded many economists who spent the past two years searching for a jobs-led recession that never happened.” Cox noted Luke Tilley’s (chief economist at Wilmington Trust) comments, “Firms are seeing strong demand. They’ve dramatically increased their productivity, and so they’re hiring for different kinds of jobs, that has enabled them to deal with the high-rate environment.”

Paul Nolte, market strategist from Murphy & Sylvest Wealth Management, provided interest rate insight on the BLS data, "Everything in today’s numbers look good. Participation rate was up, hours worked were up. The reason the unemployment rate came down was because of more people coming into the labor force. With this number and the prior numbers we've seen, it still indicates that the labor market is strong. We’ve been in the camp that the Fed doesn't cut rates at all because the economy is strong so this still fits within our framework of good employment data that should keep the Fed on the sidelines."

Healthcare added 72,000 jobs in March, above the average monthly gain of 60,000 over the prior 12 months. Also increasing was government hiring with federal and local government positions increasing by 71,000 jobs.

Employment in leisure and hospitality trended up in March (+49,000) and has returned to its pre-pandemic February 2020 level. Over the prior 12 months, job growth in the industry had averaged 37,000 per month.

Construction added 39,000 jobs in March, about double the average monthly gain of 19,000 over the prior 12 months. Over the month, employment increased in nonresidential specialty trade contractors (+16,000).

Employment in the other services industry continued its upward trend in March (+16,000). The industry had added an average of 8,000 jobs per month over the prior 12 months.

In March, employment in retail trade was up slightly (+18,000). A job gain in general merchandise retailers (+20,000) was partially offset by job losses in building material and garden equipment and supplies dealers (-10,000) and in automotive parts, accessories, and tire retailers (-3,000).

Employment showed little or no change over the month in other major industries, including mining, quarrying, and oil and gas extraction; manufacturing; wholesale trade; transportation and warehousing; information; financial activities; and professional and business services.

“Our talent advisory teams bring expert advice to clients every day on how to structure a winning recruitment and onboarding environment aligned with a client’s culture. Each MRINetwork office is led by a franchise owner who brings deep industry experience and talent knowledge to source the top performers our clients need to grow and thrive in any business environment,” noted Hermanns.

The Trevi Group | “Executive Search for Technology Professionals” | www.TheTreviGroup.com

#thetrevigroup #recruitingtrends #informationtechnology #employmenttrends #jobmarket #hiringtrends

'SHIFT Report - Trending Topics in the World of Work_ (March 2024)

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Our March issue of SHIFT explores Glassdoor's Best Places to Work for 2024; the impact of technology in the workplace; the best cities for jobs; and books to put you on the path to success in 2024.

Glassdoor's 2024 List of Best Places to Work

As reported by Forbes, Glassdoor recently published its annual list of the Best Places to Work for 2024, including the most important factors that contribute to a company's success in terms of employee satisfaction and engagement. Glassdoor identified a few common traits among the organizations that were recognized as the Best Places to Work in 2024. These characteristics include flexibility, transparency and opportunities for career advancement.

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Impact of Tech on the Workplace Report 2024

Tech.co’s "Impact of Tech on the Workplace" report aims to quantify and explain a wide range of workplace trends, noting the influence of technology as a primary driver. Their research found a wide range of statistics that point to how the world is adapting to new technology. Tech.co surveyed over 1000 US business leaders to ensure an accurate depiction of the workplace heading in to 2024, and help you to strategize for the year ahead.

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Best Cities for Jobs

Personal finance company WalletHub recently looked at more than 180 cities across the country and ranked its best cities for jobs based on metrics such as job openings per job seeker and median annual incomes. Here are their top 10 cities for job search, as reported by CNBC: Scottsdale, Arizona; Tampa, Florida; Salt Lake City, Utah; Columbia, Maryland; Austin, Texas; Atlanta, Georgia; Seattle, Washington; Pittsburgh, Pennsylvania; Plano, Texas; and Boston, Massachusetts.

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Recent Book on Leadership

In Strategic, New York Times and Wall Street Journal bestselling author Rich Horwath delivers a roadmap to help leaders at all levels think, plan and act strategically to navigate the business challenges they face. The book offers business leaders a framework containing tools, techniques and checklists to help them master every area of their business, from designing market-winning strategies to shaping the organization’s culture.

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The Trevi Group | “Executive Search for Technology Professionals” | www.TheTreviGroup.com

#thetrevigroup #recruitingtrends #informationtechnology #employmenttrends #jobmarket #hiringtrends

BLS Employment Summary for February 2024

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As the U.S. election season gets underway, the monthly Bureau of Labor Statistics payroll report (BLS) begins to play an even larger role as a barometer of the overall health of the economy. February’s BLS summary notes that last month’s hotter-than-expected job creation total was a bit less hot than originally reported as job gains were revised down 124,000 to 229,000. But February growth of 275,000, beat analysts’ expectations and was well above the prior 12-month average of 230,000. All signal a vibrant employment market.

While total nonfarm payroll employment rose by a robust 275,000 in February, the unemployment rate increased by 0.2 percentage point to 3.9 percent versus the prior month — still the 25th straight month in which it has remained below 4 percent.

“Each month the Bureau of Labor Statistics surveys approximately 120,000 business and government agencies, representing over 600,000 worksites as part of its monthly assessment of non-farm employment. A separate household survey adds detail to capture a clear snapshot of the employment situation among the U.S. workforce of over 167 million people.

“Like thousands of analysts throughout the economy, our global team of over 200 executive recruitment offices monitors these monthly releases to get a clearer picture of the forces driving the talent environment particularly within the executive, technical, professional and managerial sectors. Each month we are happy to share this data and our observations to our global client base with the Employment Situation Report,” noted Rick Hermanns, president and chief executive officer of HireQuest Inc., parent company of MRINetwork.

“With today’s BLS report, I’d like to provide a little color on how our 200 plus businesses operate within this huge talent marketplace. Every one of our offices is franchisee-owned. Led by men and women who are true entrepreneurs. They have a personal financial interest in their team’s success which can only occur when they deliver consistent client service excellence. As a franchisor, we provide rigorous training, industry-leading proprietary tools, and talent search and recruitment processes that have been honed for almost 60 years. These corporate efforts, combined with a business ownership model and our office owners’ deep industry experience and knowledge, drive our ability to source the top performers our clients need to grow and thrive in any business environment.”

In its “Beige Book,” the Federal Reserve added emphasis to a key factor of the current jobs market — the scarcity of top talent, “Businesses generally found it easier to fill open positions and to find qualified applicants, although difficulties persisted attracting workers for highly skilled positions, including healthcare professionals, engineers, and skilled trades specialists such as welders and mechanics.”

Capturing an overall sentiment by the financial community Michael Gapen, chief economist at Bank of America Securities in New York noted, "The pandemic may be in the rear-view mirror, but reopening forces are still influencing the U.S. labor market and the ability of the economy to withstand higher Fed policy rates. This informs our view that the economy can continue to grow, with low rates of unemployment and falling inflation."

Wall Street Journal reporter David Uberti succinctly summarized the BLS data, “The report offers a fresh snapshot of the U.S. economy, which has muscled through the highest interest rates in 20-plus years with consistent job growth and some of the lowest unemployment rates in a half-century.”

Healthcare added 67,000 jobs in February, above the average monthly gain of 58,000 over the prior 12 months.

Employment in food services and drinking places increased by 42,000 in February, after changing little over the prior 3 months.

Employment in transportation and warehousing rose by 20,000 in February. Employment in this industry is down by 144,000 since reaching a peak in July 2022.

In February, employment continued to trend up in construction (+23,000), in line with the average monthly gain of 18,000 over the prior 12 months. Over the month, heavy and civil engineering construction added 13,000 jobs.

Retail trade employment changed little in February (+19,000) and has shown little net change over the year.

Employment showed little change over the month in other major industries, including mining, quarrying, and oil and gas extraction; manufacturing; wholesale trade; information; financial activities; professional and business services; and other services.

”Our MRINetwork franchise owners and their consulting teams look forward to guiding clients with talent solutions tailored to meet the challenges of building resilient leadership teams, driving cultural transformation, managing technological innovation while fueling business growth,” noted Hermanns.

The Trevi Group | “Executive Search for Technology Professionals” | www.TheTreviGroup.com

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