A Shocking Development: You might get a charge out of this. (Pun intended.)

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In today’s edition:

  • Chart of The Week: Where are the men?
  • Free Training: Creative Sourcing Strategies
  • Article: A Shocking Development
  • Business lead: Honeycomb.io
  • Podcast: AI in Hiring – Regulation is Imminent
  • Comic: Punished for Efficiency
  • Thank you Sponsors

Chart of the Week: Where are the men?

In 2022, the employment rate for men in the US was 65.5%. This rate has been falling steadily since the late 1990s when it was 71.9%. | Source

Why is this happening?

Multiple factors are contributing to the decline in male labor force participation. One reason is a shift in the US industry structure, which has decreased the demand for middle-skilled jobs, leading to a decline in male employment. Another reason is a decline in male educational attainment. Additionally, men ages 25 to 54 have been dropping out of the workforce for decades, and their participation rate has yet to fully recover from the COVID-19 pandemic. A rise in male substance abuse and heavy video game playing has also been cited as a factor. Furthermore, non-college-educated men have left the labor force in greater numbers as the shortfall in their wages compared with those of college-educated men has increased. Finally, demographic shifts, such as changes in the age distribution of the population, have also contributed to the decline in male labor force participation.

Creative Sourcing Strategies

Welcome to the ultimate training guide for recruiters and sourcers, “Creative Sourcing Strategies”! If you’re tired of traditional recruitment methods that yield mediocre results, this guide is for you. Here, you’ll learn how to be strategic and efficient with your internet searches, and discover the hidden talent pools that your competitors are missing.

With “Creative Sourcing Strategies,” you’ll gain a comprehensive understanding of Google search tricks, as well as how to navigate the invisible web to find top-notch candidates. Say goodbye to spending endless hours sifting through irrelevant resumes and job boards – instead, learn how to maximize your time and resources to achieve better results.

This guide is perfect for both experienced HR professionals and those just starting out in the recruitment field. You’ll gain valuable insights and practical tips that you can apply immediately to improve your sourcing techniques.

So why wait? With “Creative Sourcing Strategies,” you’ll be well on your way to becoming a top-performing recruiter or sourcer. Download it now and start unlocking the full potential of your recruitment efforts!

Click here to download this free training guide now.

FYI…

I am in the process of planning a premium newsletter that will provide business intelligence for recruitment revenue drivers. The following article and “Business Lead” are examples of what you will find in it. Would you pay to receive information like this in your email every other week? Reply and let me know.

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A Shocking Development

You might get a charge out of this. (Pun intended.)

The shift towards electric vehicles is expected to generate demand for labor in three main areas: the design and development of electric vehicles, the production of batteries and other components, and the installation and maintenance of charging infrastructure. According to a recent analysis by the Economic Policy Institute, the shift to all-electric vehicles could create over 150,000 jobs by 2030 if policymakers make smart investments to secure U.S. leadership in EV manufacturing. The energy sector, which includes electric vehicles, grew faster than the U.S. workforce overall in 2021. The International Energy Agency estimates that the sales share of electric cars will continue to increase, with an electric car fleet of over 300 million by 2030.

That explains what Toyota is doing.

According to The Wall Street Journal, Toyota is investing approximately $13.6 billion in battery technology over the next decade, with a significant $9 billion investment in production, as part of its efforts to electrify its vehicle range. The company aims to have 10 battery production lines by 2025 and could have up to 70 production lines worldwide, producing up to 200GWh of batteries. Toyota’s plans align with other car manufacturers’ investment strategies, with Volkswagen and Ford both planning to produce 240GWh of batteries by 2030. Toyota, the world’s largest carmaker by volume, is now taking electrification more seriously, following its early leadership in gas-electric hybrid cars with the Prius. | Source

If that’s true, they’re going to need a lot of workers

The number of people working in a large battery production line can vary depending on the size of the factory, the type of batteries being produced, and the level of automation. However, a typical large battery production line would employ between 1,000 and 3,000 people.

The majority of workers in a battery production line are involved in the assembly of the batteries. This includes tasks such as loading the cells into the battery modules, connecting the modules together, and sealing the batteries. Other workers are responsible for testing the batteries, packing them for shipping, and maintaining the production line.

In recent years, there has been a trend towards increasing automation in battery production. This is due to the fact that battery production is a complex and dangerous process, and automation can help to improve safety and efficiency. However, even with automation, there is still a need for human workers to perform a variety of tasks.

Production that would require human involvement include:

  • Material handling: This includes tasks such as loading and unloading raw materials, transporting them to the production area, and storing them.
  • Assembly: This includes tasks such as loading the cells into the battery modules, connecting the modules together, and sealing the batteries.
  • Testing: This includes tasks such as testing the batteries for capacity, voltage, and resistance.
  • Packaging: This includes tasks such as packing the batteries for shipping and labeling them.
  • Maintenance: This includes tasks such as cleaning and lubricating the equipment, and repairing any damage.
  • Quality control: This involves inspecting the batteries to ensure that they meet quality standards.
  • Research and development: This involves developing new battery technologies and improving existing ones.
  • Sales and marketing: This involves promoting the batteries to potential customers and selling them.

Show me you need more EV workers with one chart

Bottom line: The demand for these types of role is HIGH. The supply for these types of roles is LOW. If you are in the business of recruitment and trying to find a way to profitability, this is a market you may want to consider. Just sayin’…

Business Lead: Honeycomb.io

Honeycomb, a platform for observability and debugging in software development, has raised $50 million in a Series D funding round led by Insight Partners. The funding will be used to expand the company’s engineering, sales, and marketing teams, as well as accelerate its product roadmap. Honeycomb’s platform uses machine learning and analytics to help developers identify and troubleshoot problems in their applications. The company plans to continue focusing on improving the user experience for its customers and expanding its market share in the growing observability market. | source

NOTE: No jobs posted on their website, as of this writing, but since they are expanding I imagine they will be there soon enough.

Contacts:

Podcast: AI in Hiring – Regulation is IMMINENT

Artificial Intelligence (AI) is being used more and more by companies to help with their hiring process. AI can review resumes, conduct interviews, and even make hiring decisions. However, with this new technology, there are concerns about fairness and discrimination. Some states are starting to create their own laws to regulate AI-based hiring. I talk about it in this episode of The Jim Stroud Podcast. 

You can also listen to The Jim Stroud Podcast on Apple Podcasts, Spotify, YouTube, Pandora and your favorite podcast platform.

Comic: Punished for Efficiency

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Until next time, see you in the funny papers.

Jim Stroud

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