Future of Hiring

13 AI Tools for Talent Acquisition

Author

Maziar Foroudian
July 29, 2024

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Top stories

The Reserve Bank of Australia faces a tough decision as the economy slows and unemployment rises. With weak GDP growth and increasing joblessness, a rate hike seems unlikely. Full employment and low inflation remain the RBA's goals.

Starting an early-stage startup can be challenging when it comes to building a team. Founders must prioritize creating a strong culture from the start. Understanding competencies and behavioral indicators is crucial. It's important to clearly communicate your Employee Value Proposition and consider outsourcing HR back office tasks to focus on product development.

Australia

Small business owners can benefit from a coach or mentor who can provide guidance in areas such as people, strategy, marketing, funding, and systems. Finding the right match is crucial for business success.

Lash Therapy, founded by three women, has seen immense success with their natural eyelash serum, reaching $20 million in revenue over three years. Their organic growth is fueled by social media, boasting a large online following.

Australia's antitrust regulator, ACCC, gains unprecedented M&A control, reshaping 50-year-old merger laws. Reforms evoke Dorothy's famous line from Wizard of Oz, signaling a new era in dealmaking overseen by the watchdog.

Australian Economy

Anthony Albanese has made strategic changes in the Home Affairs department ahead of the federal election, removing two ministers and reassigning Clare O'Neil to the housing portfolio. The reshuffle aims to address weaknesses within the Labor Party.

Craft brewers in Australia are struggling with high beer taxes, becoming the world's third highest, leading to rising prices. The industry faces challenges from major brewers, economic constraints, and reduced consumer spending.

World

Despite optimism about 401(k) investing, many Americans still worry about outliving their savings. Common mistakes like low contribution rates and early withdrawals can hinder retirement readiness. Experts recommend maximizing contributions and utilizing financial wellness tools for success.

Paris hosted a budget-conscious Olympics with an impressive opening ceremony and ambitions of cost-cutting reforms. However, the Games ended up costing at least $8.87 billion, challenging the idea of hosting an affordable event. Overspending remains a challenge for Olympic host cities.

The US economy is showing signs of a strong recovery with a slight increase in the unemployment rate to 4.1% in June. The Federal Reserve may consider a rate cut in September, as job growth continues.

Tech

OpenAI is venturing into Google’s territory with a new AI-powered search engine prototype. Set to combine ChatGPT technology with web content, SearchGPT aims to provide fast answers with sources and improve search interactions. Will it outshine Google’s Gemini debacle? Stay tuned.

CrowdStrike's Falcon security software update caused widespread crashes on millions of Windows PCs, leading to flight delays and emergency system failures. Microsoft is working to resolve the issue and improve Windows security without restricting third-party access.

Users of X have discovered how their data is being used to train the AI chatbot Grok, created by Elon Musk. While X provides the option to opt out, users must navigate through settings to disable it.

Data entry positions are entry-level, open to all, and available remotely. A competitive job market exists for these roles, but opportunities can be found by using specialized job boards and expanding search terms. Career progression can lead to higher-paying data-related roles.

Curated for you

Multitasking is often seen as a productivity booster, but in reality, it can slow you down and lead to errors. Focused work with strategic breaks is more effective. Strive for balance in task management.

Cash flow is crucial for business growth. It describes money flowing in and out of a business, determining financial health. A positive flow means profit, negative means loss. Prioritize cash flow by managing expenses and maximizing revenue.

Stay ahead in the world of business with tips on running efficient meetings, effective conference calls, and navigating challenges like hiring programmers and changes in market demand. Discover the best small business ideas for 2024.

Reddit has rolled out Lead Generation Ads, allowing advertisers to collect user information directly on the platform. Integration with Zapier streamlines lead management, potentially improving lead quality and efficiency for businesses. This move signifies Reddit's commitment to bridging user engagement with advertiser needs.

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