Q3 saw a staggering $2.6 billion invested in Work Tech, alongside impactful M&A deals and rising AI trends. We dive into Workday’s UNTAPPED documentary, Walgreens’ game-changing student loan 401(k) match, and SHRM’s major acquisition, reshaping corporate diversity and inclusion initiatives across industries.
In this episode, we look at HR trends, Work Tech investments, AI-driven HR tools, Talent Acquisition strategies, Diversity & Inclusion, layoffs, hybrid work preferences, and future workplace strategies. We discuss key developments shaping the HR landscape and how these innovations will impact the future of work.
Key Takeaways:
Q3 2024 saw $2.6 billion invested in Work Tech, a 20% increase from Q2.181 work tech deals were disclosed in Q3, compared to 150 in Q2, with early-stage investments driving growth.M&A activity surged, with 336 acquisitions in the first three quarters of 2024.Workday’s UNTAPPED documentary follows six young adults pursuing internships at Fortune 500 companies through the Year Up program.Walgreens announced a 401(k) student loan match, launching in January 2025, to ease the burden on employees with student loans.SHRM’s acquisition of CEO Action for Diversity & Inclusion strengthens its influence in corporate D&I leadership.Immigrant workers have fueled 88% of U.S. workforce growth since 2019, highlighting their critical role in labor markets.Toptal laid off 70% of its engineering team despite positioning itself as a leader in freelance hiring solutions.AI tools, like SmartRecruiters’ Winston, revolutionize talent acquisition with features like intelligent scheduling and real-time candidate engagement.Recent college graduates are struggling with workplace professionalism, with 81% of employers noting a lack of etiquette training.Digital twins and AI-driven agents are transforming HR by automating 80% of repetitive tasks, freeing up time for strategy.Hybrid work is valued by employees, equating to a 7.6% pay raise for those working remotely.89.4% of women report their work benefits don’t address needs related to perimenopause, highlighting a major gap in HR benefits.
Chapters
00:00 Introduction and Weekend Recap
02:58 Documentary Spotlight: Untapped by Workday
05:57 Walgreens' Innovative 401K Match for Student Loans
09:01 Work Tech Investment Trends
12:00 Legal Insights: Layoffs During Medical Leave
14:55 The Role of Immigrant Workers in Workforce Growth
17:59 TopTal's Layoffs and the Freelance Economy
20:51 Hybrid Work: Pay Raises vs. Flexibility
23:58 Chatbots and Workplace Civility
26:53 Acquisitions and SHRM's New Direction
30:07 Research Findings on New Graduates' Professionalism
30:34 The Importance of Etiquette Training for New Graduates
36:53 Digital Twins: The Future of Work
40:03 Evolving Definitions of Tech Talent
44:37 Hiring Challenges in the Fast-Paced Job Market
48:29 Addressing Menopause in the Workplace
50:28 Innovations in HR Tech Funding
53:03 AI in Sales Training and Role-Playing
56:26 Advancements in Accessibility Technology
58:40 Modern Payroll Solutions for a Diverse Workforce
Connect with us here:
William Tincup LinkedIn: https://www.linkedin.com/in/tincup/
Ryan Leary LinkedIn: https://www.linkedin.com/in/ryanleary/
Connect with WRKdefined on your favorite social network
The Site | Substack | LinkedIn | Instagram | X | Facebook | TikTok
Share your brand across the WRKdefined Podcast Network
Learn more about your ad choices. Visit megaphone.fm/adchoices