Connect with us

Technology

Vaco’s Latest Talent Pulse Report Reveals Declining Levels of Job Seeker and Employee Confidence in Q4

Published

9 hours ago

on

Dips in quarterly results are punctuated by bright spots in respondents’ year-over-year confidence scores.

NASHVILLE, Tenn., Nov. 8, 2024 /PRNewswire/ — Job seekers and employees are feeling slightly less confident about their job security, financial status, and career advancement in Q4, according to recent data from Vaco, a leading global talent solutions firm. Vaco’s Q4 Vaco Talent Pulse Report found a drop in confidence compared to the third quarter of 2024. But confidence levels in both job security and financial status were higher compared to last year.

Dips in quarterly results are punctuated by bright spots in respondents’ year-over-year confidence scores.

“In a year full of economic uncertainty and job market fluctuations, it’s understandable that job seeker and employee confidence has diminished in the fourth quarter,” said Kyle Allen, Executive Vice President of Sales & Recruiting at Vaco. “Many have faced layoffs, job shifts, or delays in career progression over the past several months, contributing to a sense of instability. However, as we approach year-end, we’re seeing positive signs—including data that shows job seekers and employees are more confident now than at this time last year.”

“The tide is beginning to turn in Q4. Organizations are making more strategic investments in talent and taking a measured approach to expanding their teams. Traditionally, the end of the year is a time when hiring slows as companies focus on finalizing budgets and preparing for the new year. This year, however, many companies are looking to add top talent—in both permanent and contract roles. It’s a prime opportunity for job seekers to capitalize on the last hiring push of 2024,” added Allen.

This marks the sixth installment of the Vaco Talent Pulse Report, and the second quarter that year-over-year comparative data is available. Key findings include:

Job Stability

41% of respondents reported extreme confidence in their ability to get and hold a job in Q4—up 3% year-over-year (38%) and down 4 points from Q3 (45%).

The number of respondents who are not confident in their ability to secure a job saw a 6% increase quarter-over-quarter, jumping from 26% in Q3 to 32% in Q4—one of the largest upticks since the inception of the report.

Financial Status

41% of respondents are extremely confident in their ability to improve their financial situation in the next 6 months—up 4% year-over-year and down 3% from Q3.

But 30% are not feeling confident in their ability to improve their financial situation—a 5% increase from last quarter (25%) and one-point drop from last year (31%).

Career Advancement

44% expressed extreme confidence in their ability to advance their career in Q4, a 3% dip compared to Q3 (47%) and a 2-point drop from a year ago (46%). This marks the lowest career advancement confidence level to date.

In contrast, 28% of respondents reported a lack of confidence in their ability to advance their career in Q4. This figure is up 3% from last quarter (25%), as well as last year (25%).

The Vaco Talent Pulse Report is based on feedback from more than 13,000 respondents across the U.S. and Canada. To access the report, go to https://learn.vaco.com/talent-pulse-report-q4-2024/.

About the Q4 2024 Vaco Talent Pulse Report
Poll questions to inform the Q3 2024 Vaco Talent Pulse Report were administered online through Vaco’s LinkedIn company profile on September 13, 2024, September 20, 2024, and September 27, 2024. Results and summaries are based on the 13,080 votes cast across the three polls. A highlight of follower demographics includes those from across the U.S. and Canada working in engineering, technology, accounting, finance, human resources, and operations. The majority of people represented are either senior, manager, director, VP, or entry-level.

About Vaco
The speed of change requires the talent of people. Vaco solves for both. With expertise in accounting and finance, IT and digital, and HR and operations, Vaco delivers critical talent solutions to clients by providing contract staffing, managed services, direct-hire staffing, and executive search services. In addition to Vaco, the Vaco Holdings collective of brands includes MorganFranklin Consulting, a finance, technology and business advisory firm; Pivot Point Consulting, a Best in KLAS healthcare IT consulting leader; Focus Search Partners, a retained and interim executive search practice; and BUILT, a digital solutions company specializing in software, cloud, data, and AI solutions. In addition to being named to Inc. magazine’s list of the fastest-growing private companies for the past 17 years, Vaco was also named to Forbes’ 2018-2024 lists of America’s Best Recruiting Firms, as well as the 2017-2023 lists of Largest Staffing Firms Globally by Staffing Industry Analysts. Vaco annually ranks as one of the Best Staffing Firms to Work For. For more information, visit vaco.com.

Media Contact:
Brittney Kowalski
(603) 504-2024
bkowalski@vaco.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/vacos-latest-talent-pulse-report-reveals-declining-levels-of-job-seeker-and-employee-confidence-in-q4-302300098.html

SOURCE Vaco

Related Topics:
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Notice of Data Security Incident

Published

55 mins ago

on

November 9, 2024

By

SCHAUMBURG, Ill., Nov. 8, 2024 /PRNewswire/ — Set Forth, Inc. (“Forth”) and Centrex Software, Inc. (“Centrex”), are notifying individuals of a data security incident that may have impacted consumer personal information. Forth and Centrex provide cloud-based customer relationship management (CRM) solutions powered by the Set Forth platform. This platform allows businesses to collect and share consumer information, with their permission, between its users. Neither Forth or Centrex have any indication that any personal information has been used for fraud or identity theft.

On May 21, 2024, Forth and Centrex discovered suspicious activity from an unauthorized user on their systems. They immediately implemented their incident response protocols, began an investigation, and engaged independent computer forensic specialists to help. The investigation determined, on July 1, 2024, that the unauthorized user gained access to documents on their systems. The review of potentially impacted documents determined that the following data elements may have been contained in the documents: names, Social Security numbers, dates of birth, and addresses.

Letters are being mailed on November 8, 2024, providing recipients with information about what occurred, steps taken in response and offering credit monitoring and identity restoration services through IDX at no cost. Impacted individuals should also monitor their credit reports and financial statements for suspicious activity.

Forth and Centrex have taken steps to prevent a similar incident from occurring in the future, including hardening web application firewalls, completing additional third-party penetration testing, adding additional full-time resources for security specific code reviews and anomalous system user/activity behavior, and enhancing other existing security controls.

Individuals should contact 1-877-210-5107 Monday through Friday from 9 am – 9 pm Eastern Time to determine whether they were affected by this incident or if they have any questions. Forth and Centrex take the need to protect the privacy and security of all information in their respective care very seriously, and deeply regret any inconvenience or concern that this matter may cause.

View original content:https://www.prnewswire.com/news-releases/notice-of-data-security-incident-302299568.html

SOURCE Set Forth, Inc.

Continue Reading

Technology

Augmented Reality Market to Grow by USD 461.8 Billion from 2024-2028, as Rising Investments Drive Revenue with AI Redefining the Market Landscape – Technavio

Published

2 hours ago

on

November 8, 2024

By

NEW YORK, Nov. 8, 2024 /PRNewswire/ — Report with market evolution powered by AI – The global augmented reality (AR) market size is estimated to grow by USD 461.8 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 46.1% during the forecast period. Increasing investments in AR technology is driving market growth, with a trend towards increasing AR integration in mobile devices. However, privacy concerns over ar technology poses a challenge.Key market players include Alphabet Inc., Atheer Inc, Dynabook Inc., Inglobe Technologies Srl, Marxent Labs LLC, Maxst Co. Ltd., Meta Platforms Inc., Microsoft Corp., Optinvent, PTC Inc., Qualcomm Inc., RealWear Inc., Samsung Electronics Co. Ltd., Seiko Epson Corp., Sony Group Corp., Ultraleap Ltd., Upskill, Vuzix Corp., Wikitude GmbH, and Zugara Inc..

AI-Powered Market Evolution Insights. Our comprehensive market report ready with the latest trends, growth opportunities, and strategic analysis- View Free Sample Report PDF

Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Component (Hardware and Software), End-user (Enterprise, Retail, Healthcare, Media and entertainment, and Others), and Geography (North America, APAC, Europe, South America, and Middle East and Africa)

Region Covered

North America, APAC, Europe, South America, and Middle East and Africa

Key companies profiled

Alphabet Inc., Atheer Inc, Dynabook Inc., Inglobe Technologies Srl, Marxent Labs LLC, Maxst Co. Ltd., Meta Platforms Inc., Microsoft Corp., Optinvent, PTC Inc., Qualcomm Inc., RealWear Inc., Samsung Electronics Co. Ltd., Seiko Epson Corp., Sony Group Corp., Ultraleap Ltd., Upskill, Vuzix Corp., Wikitude GmbH, and Zugara Inc.

Key Market Trends Fueling Growth

The augmented reality (AR) market is experiencing significant growth, with smartphone vendors like Apple and Samsung integrating hardware and software for AR mobile platforms. AR solutions enhance user experience and increase the value proposition of mobile devices, including smartphones, phablets, and tablets. The market expansion is driven by the popularity and penetration of AR technology in industries such as 5G providers, AR chipsets, AR glasses, automotive sectors, defense & aerospace industry, education, gaming, media and entertainment, medical education, retail, and safety management. AR applications offer benefits in areas like design and visualization, engineering, drug information, interactive showrooms, and professional training. Technologies like OLED and spatial computing are also contributing to the market’s growth. 

Insights on how AI is driving innovation, efficiency, and market growth- Request Sample!

Market Challenges

 Augmented Reality (AR) market encompasses various industries, including manufacturing, retail, education, gaming, and healthcare. AR technology offers enhanced experiences in sectors like automotive, drug information, and professional training. However, privacy concerns loom large due to the collection and processing of user data. AR can access personal information from social media and threaten user privacy through hacking. Smart glasses, with their ability to screen and process environments, raise privacy concerns for individuals and those around them. These challenges may hinder the AR market’s growth during the forecast period.

Insights into how AI is reshaping industries and driving growth- Download a Sample Report

Segment Overview 

This augmented reality (ar) market report extensively covers market segmentation by

Component 1.1 Hardware1.2 SoftwareEnd-user 2.1 Enterprise2.2 Retail2.3 Healthcare2.4 Media and entertainment2.5 OthersGeography 3.1 North America3.2 APAC3.3 Europe3.4 South America3.5 Middle East and Africa

1.1 Hardware- The Augmented Reality (AR) market is segmented by component into hardware and software. The hardware segment, which includes AR glasses, chipsets, and smartphones, is currently leading the market in terms of revenue share in 2022. This dominance is attributed to the expanding use of AR technology in various industries and verticals, such as the manufacturing industry for quality control and operations, media and entertainment for experiences, and the medical industry for medical education and augmented surgeries. Meta, a tech giant, and several startups are investing heavily in AR technology, leading to the development of advanced AR devices like Mixed reality (MR) smart glasses using OLED technology. The retail industry is also leveraging AR for virtual fitting rooms and virtual walkthroughs, while the automotive sectors are using AR for brand engagement and design visualization. Spatial computing, 5G providers, and computer vision are other emerging areas in the AR industry. Stanford University and other institutions are conducting research in AR technology for safety management, professional training, and wellbeing applications. The AR hardware market is expected to continue its growth trajectory during the forecast period.

Download complimentary Sample Report to gain insights into AI’s impact on market dynamics, emerging trends, and future opportunities- including forecast (2024-2028) and historic data (2018 – 2022) 

Research Analysis

In the dynamic and innovative realm of technology, the Augmented Reality (AR) market is experiencing unprecedented growth. This cutting-edge technology is revolutionizing various sectors, including media and entertainment, gaming, and retail industries. In the gaming sector, AR is enhancing user experience by overlaying digital information on the real world. The integration of 5G providers and computer vision technology is enabling seamless AR experiences on smartphones. Tech players and startups are investing heavily in AR research and development, focusing on spatial computing and design and visualization. In the media industry, AR is being used for training, quality control, and safety management in operations. Stanford University and other educational institutions are incorporating AR into their curricula to prepare the next generation of engineers. The AR industry is also making strides in the retail sector, offering virtual try-on features and enhancing the shopping experience.

Market Research Overview

The Augmented Reality (AR) market is a rapidly growing industry that blends digital information with the physical world, creating experiences for consumers. AR technology is used in various sectors such as education, healthcare, retail, and manufacturing. It enhances user experience by overlaying digital content onto real-world environments, providing valuable information and interactive experiences. AR is revolutionizing industries by improving productivity, enhancing customer engagement, and providing new opportunities for innovation. The market is driven by advancements in technology, increasing consumer demand, and investments from major industries. AR is expected to continue its growth trajectory, transforming the way we interact with the world around US.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ComponentHardwareSoftwareEnd-userEnterpriseRetailHealthcareMedia And EntertainmentOthersGeographyNorth AmericaAPACEuropeSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

View original content to download multimedia:https://www.prnewswire.com/news-releases/augmented-reality-market-to-grow-by-usd-461-8-billion-from-2024-2028–as-rising-investments-drive-revenue-with-ai-redefining-the-market-landscape—technavio-302299089.html

SOURCE Technavio

Continue Reading

Technology

Marvel Technologies Inc. & D4M International Join Forces to Expand Global SAP Services and Delivery Capabilities

Published

2 hours ago

on

November 8, 2024

By

Partnership Expands Global Footprint & Strengthens Expertise in S/4HANA, Smart Manufacturing, Data, Integration, and SuccessFactors

SOUTHFIELD, Mich., Nov. 8, 2024 /PRNewswire-PRWeb/ — Marvel Technologies Inc., a leader in SAP services, proudly announces a groundbreaking partnership with D4M International to enhance global SAP service delivery capabilities. This strategic alliance will expand the companies’ service offerings across multiple regions, leveraging each other’s strengths to serve their global client base.

Marvel Technologies Inc. and D4M International have partnered to enhance their global SAP services. This collaboration will help us efficiently meet the growing demand for SAP services globally. Visit us at https://marveltechus.com. 

This collaboration strengthens Marvel Technologies‘ presence in the United States, Middle East, and India capitalizing on D4M International’s expansive network in Mexico, Latin America, Canada, and France. The partnership significantly broadens the global reach and operational proficiency of both companies in delivering top-tier SAP services.

Marvel Technologies will utilize D4M’s strategically positioned delivery centers in Mexico to provide faster, localized support for clients throughout North America and Latin America. D4M International will leverage Marvel’s specialized delivery centers in the United States, Middle East, and India to enhance its capabilities across the Asia-Pacific region and Northern Europe.

As part of this collaboration, D4M will expand its service portfolio to include SAP SuccessFactors solutions, harnessing Marvel’s deep expertise in Human Capital Management (HCM). Simultaneously, Marvel Technologies will enhance its offerings with innovative smart manufacturing solutions, supported by D4M’s extensive industry knowledge and advanced technological capabilities.

“Our expansion into Mexico and the launch of state-of-the-art smart manufacturing services mark a significant milestone for us,” said Bala Rajaraman, CEO of Marvel Technologies. “This partnership with D4M International not only amplifies our ability to deliver world-class SAP solutions but also reinforces our commitment to driving customer success on a global scale.”

“We are excited to join forces with Marvel Technologies,” said Chuck Stahl, CEO of D4M International. “This partnership will enable us to push the boundaries of what’s possible and deliver next-level solutions that meet the evolving needs of our customers.”

As global demand for SAP services continues to grow, this strategic partnership enables Marvel Technologies and D4M International to meet increasing customer needs with unparalleled efficiency and regional expertise.

About Marvel Technologies

Marvel Technologies Inc. is a leading provider of SAP services, with a strong presence in the United States and India. Specializing in SAP SuccessFactors and delivering end-to-end digital transformation solutions across various industries, Marvel Technologies is committed to empowering businesses through innovative technology solutions. For more information, visit www.marveltechus.com.

About D4M International

D4M International is a global SAP and digital transformation service provider with an extensive delivery network spanning the USA, Mexico, Latin America, Canada, and France. Dedicated to optimizing business operations, D4M offers a comprehensive range of process and product consulting SAP and Delmia services, including the full suite of SAP SuccessFactors, S/4HANA, and SMART Manufacturing solutions. Learn more at www.d4m-int.com.

Press Contact
Sandeep Dayal
SVP – Global Head SAP Practice
Email: sandeep.dayal@marveltechus.com
https://www.linkedin.com/company/marvel-technologies-inc

Media Contact

Bala Rajaraman, Marvel Technologies, INC, 1 678 522 1398, bala@marveltechus.com, https://marveltechus.com/ 

Sandeep Dayal, Marvel Technologies, INC, 1 732 781 8334, sandeep.dayal@marveltechus.com, https://marveltechus.com/ 

View original content to download multimedia:https://www.prweb.com/releases/marvel-technologies-inc–d4m-international-join-forces-to-expand-global-sap-services-and-delivery-capabilities-302299441.html

SOURCE Marvel Technologies, INC

Continue Reading

Trending