In this episode we move fast - ChatGPT, Stack Overflow, Child Labor, AI Generated Survey Responses, VCs and PEs Criticizing Employee Bloat, EEOC's Finalized Harassment Guidelines, The Crown Act and Non-Compete Bans The Impact of Culture on Job Satisfaction.
$$$$ is flying, Executive hires are flowing. It's been a crazy week.
Takeaways
- Child labor in dangerous jobs in the poultry industry is a serious issue that needs to be addressed
- There have been several significant leadership hires in the HR space recently
- The EEOC has finalized harassment guidelines that address remote work and gender identity
- Google workers are suing for wrongful termination after protesting against a project
- The Crown Act aims to protect against discrimination based on race-based hairstyles The Crown Act and non-compete bans are ongoing topics of discussion in the HR industry.
- Title VII continues to be relevant in protecting employees from discrimination.
- There is a growing trend of VCs and PEs criticizing employee bloat in tech companies.
- ChatGPT's partnership with Stack Overflow allows for better assessment of coding skills in job candidates.
- DocuSign's acquisition of Lexion enhances their contract management capabilities.
- FairGen's use of synthetic data and AI-generated responses in surveys raises questions about the accuracy and validity of survey results. Generative AI is still in its early stages in the enterprise, and there is much to be figured out.
- The annual HR practices in Ireland survey provides valuable insights and recommendations for HR professionals.
- Culture is a significant factor in job satisfaction, often outweighing wages.
- The number of gig workers using Bank of America is increasing, indicating the growth of the gig economy.
- Funding announcements highlight the importance of optimizing workflows and improving the employee experience.
- Technology is being used to automate and optimize staffing in operating rooms, addressing the projected shortage of healthcare workers.
Chapters
05:57 Child Labor in the Poultry Industry
08:04 Recent Leadership Hires in the HR Space
10:47 EEOC's Finalized Harassment Guidelines
13:15 Google Workers Sue for Wrongful Termination
16:21 The Crown Act: Protecting Against Discrimination
24:11 Title VII and Discrimination Claims
27:41 VCs and PEs Criticizing Employee Bloat
29:25 ChatGPT and Coding Skills Assessment
34:19 DocuSign's Acquisition of Lexion
39:46 FairGen's Synthetic Data and AI-Generated Responses in Surveys
44:30 The State of Generative AI in the Enterprise
45:47 Insights from the HR Practices in Ireland Survey
48:15 Reinventing Talent Acquisition
51:18 The Impact of Culture on Job Satisfaction
53:04 The Rise of Gig Workers Using Bank of America
55:47 Funding Announcements: Improving Workflows and Employee Experience
59:14 Optimizing Staffing in Operating Rooms with AI
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[00:01:00] What is going on people?
[00:01:03] Ryan Larry, William Tink up here and you are listening to The BARF
[00:01:07] A look at the week that was so you can be prepared for the week that is
[00:01:12] Mr. William, what is going on today?
[00:01:15] You know we've had some, you know a lot of rain
[00:01:18] A lot of rain here in Texas
[00:01:20] The lake, our lake house down in Belting
[00:01:23] Was down 12 and a half feet
[00:01:25] Your house went down 12 and a half feet
[00:01:28] No the lake, the lake water
[00:01:30] The lake went down because we, it's usually a considerable lake
[00:01:34] But for Hurricane Harvey for whatever reason
[00:01:37] We let out the lake and it went down
[00:01:40] And then we went through a drought for a couple of years
[00:01:43] It is now above what it's normally supposed to be
[00:01:47] Nice
[00:01:49] So it looks gorgeous but it's the rain as, I mean everything's green
[00:01:53] Which usually you know in May
[00:01:55] Everything's brown
[00:01:57] Brown?
[00:01:58] But to look how it's like all the trees are flourishing
[00:02:02] The grass is really green
[00:02:04] Yeah I don't know where this is coming from
[00:02:06] We get like a week
[00:02:08] It's usually like the first cut on the grass
[00:02:12] Looks nice and flushing green, flushing green
[00:02:16] After that it looks like ass
[00:02:18] Yeah that's pretty much just too
[00:02:20] Not good, not good
[00:02:22] During the summer it's horrible
[00:02:24] So on good news, good note
[00:02:25] Fillies have the top record in the major leagues
[00:02:31] Go Fills
[00:02:33] Yeah it's too early, it's too early
[00:02:35] Well I think we'll be able to say that next week
[00:02:37] But the thing is
[00:02:39] This is the Rangers for 70 years or whatever it has been
[00:02:43] Always great up until the all star break
[00:02:46] And then at the all star break
[00:02:48] When they had open air stadiums
[00:02:50] They'd get to the all star break and it would be 118 on the field
[00:02:55] Yeah
[00:02:57] When they moved to a closed stadium
[00:03:00] Or a retractable roof stadium
[00:03:02] A dome
[00:03:04] Two years into it a dome
[00:03:06] Well it's a retractable roof so is that still a dome?
[00:03:08] I guess so
[00:03:10] Two years after they did that
[00:03:12] They won a World Series
[00:03:14] Shocking not shocking
[00:03:16] At this point last year
[00:03:18] I think we were like 20 games back off the Braves
[00:03:21] Because we won like three games
[00:03:23] So when we can be five or six up
[00:03:25] No no keep up
[00:03:27] I'd rather be up
[00:03:29] We just went through a road series
[00:03:31] We're five and two on a road series
[00:03:33] Which again if you can beat teams on the road
[00:03:36] You have a pretty good chance of making a playoffs
[00:03:39] That's very true
[00:03:41] Alright let's kick this thing off
[00:03:44] I'm gonna let you go first
[00:03:46] I spun the dice, I rolled the dice
[00:03:48] I guess you could technically spin dice
[00:03:50] What's road dice?
[00:03:52] Alright let me picture this one here
[00:03:55] Department of Labor, DOL
[00:03:58] Finds children employed illegally in dangerous jobs
[00:04:01] Tains almost 5 million
[00:04:03] 4.8 million in wages damages in the poultry industry
[00:04:06] Workers in California investigation finds
[00:04:11] 14 year old children using razor sharp
[00:04:15] Boning knives
[00:04:17] Okay so if you want to look more at this story
[00:04:20] DOL.gov
[00:04:22] And you just put in the
[00:04:23] D boning knives
[00:04:25] I'm pretty sure you'll find it out
[00:04:27] But for people that are
[00:04:29] At study employment law
[00:04:31] Or maybe they've forgotten a little bit about child labor law
[00:04:34] In 1938
[00:04:36] We passed the Fair Labor Standards Act
[00:04:39] F L S A
[00:04:41] Set the minimum wage for employment
[00:04:43] 14 years old for non-agricultural jobs
[00:04:45] Restricted youth hours
[00:04:47] Under the age of 16 they were
[00:04:49] And prohibited the
[00:04:51] Youth under the age of 18
[00:04:53] From being employed in hazardous occupations
[00:04:57] So why this kind of hit
[00:04:59] Is 14 year old
[00:05:02] He was saying it was very bad
[00:05:04] I rather than D boned
[00:05:06] I'd rather him D boned chicken
[00:05:08] Then D boned their friend
[00:05:10] I mean level
[00:05:12] That's fair
[00:05:14] I think we both have
[00:05:16] I have a 14 year old Jewish and 13
[00:05:18] Can you imagine them
[00:05:20] D boned
[00:05:21] She cooks spaghetti
[00:05:23] And I worry
[00:05:25] Let's just
[00:05:27] Man use the microwave and I worry
[00:05:29] Pretty sure one time you put tinfoil in there
[00:05:32] We've done the fork
[00:05:34] She's done the fork
[00:05:36] She left it
[00:05:38] I told her cook the pasta sauce
[00:05:40] The gravy
[00:05:42] Put it on to
[00:05:44] So let it just sit for a little bit
[00:05:47] We eat dinner
[00:05:49] All that stuff
[00:05:51] We leave
[00:05:53] We left for a school concert last night
[00:05:55] We come back just five hours later
[00:05:57] It's still on the two
[00:05:59] And there's like four tablespoons of sauce
[00:06:02] Left in the family
[00:06:04] Jesus Christ
[00:06:06] This is it
[00:06:08] Fourteen meals using D boning eyes
[00:06:10] Okay, no bueno
[00:06:12] Not good
[00:06:14] I've got one here
[00:06:16] So I'm sure you've realized
[00:06:18] In this space this week
[00:06:19] I've been working for the last week or so
[00:06:21] There's been a lot of hires
[00:06:24] A lot of big
[00:06:26] Executive hires
[00:06:28] Leadership hires
[00:06:30] People being moved around
[00:06:32] People going from company to company
[00:06:34] But what's going on here
[00:06:36] I'll read off a couple
[00:06:38] There's more than this that are out there
[00:06:40] But here's a couple
[00:06:42] That I picked out
[00:06:44] Work human
[00:06:46] New CMO
[00:06:47] And VP of product management
[00:06:49] And recognition solutions
[00:06:51] That's also changed right there
[00:06:53] Five executives
[00:06:55] That's huge
[00:06:57] That's big, ICIMS
[00:06:59] New CTO
[00:07:01] And new chief product officer
[00:07:03] Summer
[00:07:05] We've spoken with
[00:07:07] Chief innovation officer
[00:07:09] A light
[00:07:11] Two leadership promotions
[00:07:13] That they pushed up
[00:07:15] And then
[00:07:17] This miss on that is
[00:07:19] I've got one later on
[00:07:21] But we'll get to
[00:07:23] But Al Smith
[00:07:25] And ICIMS has been
[00:07:27] Kind of an industry stalwart
[00:07:29] Just a wonderful man
[00:07:31] Super super smart
[00:07:33] And big shoes to fill
[00:07:35] So shout out to Al
[00:07:37] New CTO
[00:07:39] And product officers
[00:07:41] I'm sure they all do well
[00:07:43] But good luck to him
[00:07:45] I think he's retiring
[00:07:47] So the one last piece
[00:07:49] Which isn't
[00:07:51] It's not related to our industry
[00:07:53] But law firms
[00:07:55] Are moving on what they refer to
[00:07:57] As deal makers
[00:07:59] These are heavy hitters in the M&A space
[00:08:01] And there's been three or four
[00:08:04] In the last week or so
[00:08:06] That have been announced
[00:08:08] That are significant in that category
[00:08:11] Which got me to think
[00:08:13] And I don't know
[00:08:15] It's not going to matter now
[00:08:17] Like not much yet
[00:08:19] But the non complete cost
[00:08:21] Right
[00:08:23] And this is what they're referencing
[00:08:25] And all of these things
[00:08:26] Which is really
[00:08:28] It's really interesting
[00:08:30] The law firm one to me
[00:08:32] I'm curious how that pans out
[00:08:35] Clearly they know what they're doing
[00:08:37] One of the M&A transactions
[00:08:39] That we're not going to talk about today
[00:08:41] But I was looking at
[00:08:43] It actually names the deal maker
[00:08:45] By name
[00:08:47] her him I was gonna look him up just to see like what's the bid and where they
[00:08:52] where they work but there's the first time I'd seen that I really read into
[00:08:56] that they list this person yeah they're focusing on there's three of them out
[00:09:01] there that just made moves and all three are like top tier like top one two and
[00:09:06] three in the country is kind of how they how they place it anyhow let me
[00:09:12] picture this one EOC finalizes harassment guidelines they haven't finalized
[00:09:18] or they haven't redone harassment guidelines in a long time but they opened
[00:09:22] it up last year 38,000 comments they went through all the comments and then they
[00:09:28] released guide guidelines or guidance for businesses and they've got two docs
[00:09:34] that are really really things that you should look at yeah so let me give you
[00:09:38] the title EOC finalize harassment guidelines addressing remote work
[00:09:43] gender identity a summary of key provisions it's got an EOC enforcement
[00:09:49] guideline or harassment workplace EOC.gov I'm sure you're gonna be able to
[00:09:54] find it super easy but the two documents is they do a summary of key
[00:09:58] provisions it's probably a two-minute read super easy and it goes through to
[00:10:03] break down exactly what is and what isn't harassment and then they have a fact
[00:10:08] sheet another document that's just for small business again if you've got 12
[00:10:14] employees maybe you don't maybe you're not tracking these things you here is
[00:10:18] what is and isn't exactly what to do it's different it's different between
[00:10:25] enterprise versus small yeah under 25 and pulling well federally under 25 under
[00:10:31] 100 there's different things that kind of come to play but but harassment's
[00:10:36] harassment whether or not you have one employee or 100,000 employees the
[00:10:41] definition of harassment what I like about this document is you know what
[00:10:49] is and isn't harassment yeah both the good news and the bad news yeah go take a
[00:10:54] look at it it's actually cuz you have to read the whole bit but definitely
[00:10:58] download those two documents so that you can you know the key provisions document
[00:11:04] and the fact sheet so that you could just kind of read it and go okay yeah I
[00:11:08] get it I understand that yeah I harassment so I mean it's a weird thing
[00:11:14] for me cuz I feel harassed I mean I'm harassing you all the time I was
[00:11:20] saying like I mean yeah I like if you if I'm if I'm sensitive and soft and I
[00:11:25] can't take it I'm gonna be a little upset yeah not sure right like is that
[00:11:30] harassment or is that joking right then there's yeah I get it but they they
[00:11:35] take all of that gray matter make it make it black and white yeah they do yeah
[00:11:40] they do so alright so a while back we covered a story where Google
[00:11:47] workers got asked for sitting in and doing whatever because they were against
[00:11:54] the project called project Nimbus to contract with Israel's a billion dollar
[00:11:59] contract well now they brought suit so they did for wrongful wrongful
[00:12:06] termination alleging that their termination violated violated the
[00:12:11] labor law so the I'm not I don't know the the full details here however I
[00:12:20] kind of agree with Google on this where and they they said this is a very clear
[00:12:24] I'm gonna read it says this is a very clear case of employees disrupting and
[00:12:29] occupying workspaces and making other employees feel threatened and unsafe
[00:12:32] right I'm all about free speech and protests and all that other stuff but
[00:12:36] the same thing that happened with these at the universities recently yeah when
[00:12:41] you take over a location and you sit in and you cause chaos this is a
[00:12:47] place of work this isn't yeah this isn't something that you got permits for
[00:12:53] and you can hold a protest somewhere or rally like you literally just sat in the
[00:13:00] office and said that's it no one's working today and that says that's not
[00:13:05] how life works so I think it'll be interesting to see how the NLRB rules
[00:13:10] on this they're not a rule in favor of the employees
[00:13:15] no I don't think they will I really don't think they will even know it's a more
[00:13:19] liberal NLRB than when you have a Republican president it's it's still a
[00:13:26] clear you know their contracts their employee contracts yeah are pretty
[00:13:32] bulletproof and so it's gonna stay in there it's gonna say language in a
[00:13:37] Google's not stupid they're good to say language in there yeah you just
[00:13:40] know whatever your political news yeah can't interrupt work sorry no you
[00:13:46] can't know so it's like these people that go in the middle of a highway and then
[00:13:51] they get hit by a car and they're suing because they got hit by a car and they
[00:13:55] actually bring charges against the driver stay the fuck out of the highway
[00:13:59] yeah all the signs you want on the side if they would have done if there
[00:14:08] what I don't mind protesting at all if that's your bid go I've never held a sign
[00:14:15] or been at a protest so I don't really first-hand know what that's about
[00:14:19] however I respect the right for people to protest right but sitting in is at the
[00:14:25] you know again if you're doing if you're out in the parking lot and your
[00:14:28] protest yeah good fair do you do you I'm gonna sit in in my office and I'm
[00:14:34] stop work here yeah exactly that's called a nap right now what do you know
[00:14:41] about the crown act crown royal yeah I wish nothing all right so so crown is
[00:14:50] this is actually really fascinating and it's important creating a respectful
[00:14:54] and open world for natural hair the C the R the O the W in the N so creating
[00:15:02] respectful open world natural hair this this is a bit that that's come up in
[00:15:08] Congress it got killed in the Senate but states adopted so the crown act was
[00:15:15] created in 2019 by Dove and the crown coalition you can go to crown act the
[00:15:21] crown act calm and learn more about it in partnership with a senator Holly
[00:15:27] Mitchell from California to ensure protection against discrimination based
[00:15:34] on race-based hairstyles and by extending statutory protection to hair
[00:15:39] texture protective styles such as braids locks twist knots and workplace and
[00:15:44] schools so here's the deal I've had I've had almost every hairstyle one can
[00:15:51] have with my hair and color I've done everything frostings you've had name it
[00:15:57] name it so I'm good seriously there's like no two pictures of me the same got it
[00:16:02] to for me it's it's you know I you wear your hair the way you want to wear your
[00:16:09] hair like I'm totally I am totally comfortable why is a thing I that's
[00:16:15] it is a thing because especially for people of color specifically African
[00:16:21] Americans within that the they the hairstyles with like if you do
[00:16:28] corn rolls or if you got dreads whatever for they've they've they've dealt with
[00:16:33] they're dealing with and have dealt with bias right hiring bias promotion
[00:16:39] bias all kinds of bias and so they basically said you know what hair
[00:16:43] should be hair should be a thing no and so 24 states so remember the Senate
[00:16:50] killed this twice they've killed this thing this the Congress has passed it
[00:16:56] twice Senate has killed it twice but what I found great about it is 24
[00:17:01] states have enacted the Crown Act right there yeah just wear your hair the way
[00:17:07] you want to just get the work done that's I think most people yeah most
[00:17:11] people but again man people are I was watching cat Williams special last night
[00:17:17] on Netflix problem number one yeah dude he is so off the way I mean I love exhaust
[00:17:24] it when you just said that no but he said this thing he said you know if in
[00:17:29] 2024 you're a racist cavemen are making fun of you because you're so
[00:17:36] stupid yeah this is one of those things like when I brought up the Crown Act
[00:17:40] you're like why is this a thing because there's still people out there it's that
[00:17:45] are racist yeah yeah none of that I mean it yeah none of that makes any sense to
[00:17:50] me it's just the stupid that's like tattoos like yeah like if you had a tattoo
[00:17:54] where you had to be a tattoo artist or a restaurant worker or like I mean like
[00:18:01] come on it's a tattoo I don't even care about tattoos on faces I used to
[00:18:05] I used to count like well you know in that kind of rule some of your like
[00:18:09] job opportunities out in the future I did not find like that over it went you know
[00:18:12] what no I don't care the face is not for me however I will say this when I see
[00:18:19] people especially so there's a few older people at the gym older as in like in
[00:18:24] their 70s like right you can tell half sleeves on their neck I'm just like
[00:18:31] that is awesome like it does not wrinkle maybe at some point if it
[00:18:35] were me I'd have like it'd be sagging like at some point I know it right
[00:18:39] right that's why I don't get them although I get one I'd have an entire body
[00:18:43] for 100% over anyway whatever man I got crap so Crown Act will have to keep up
[00:18:51] on it I guess no for the stupid people in the world alright so the final rule
[00:18:58] on the non-compete ban goes into play September 4th unless this federal judge
[00:19:08] gets their way they feel that the FTC is overreaching and they do not have the
[00:19:15] authority to remove this ban across the board that's the chamber of
[00:19:22] commerce is the ones that are correct fighting it which is weird yes on some
[00:19:27] level yeah yeah yeah they are again this goes back to you need to put a non-compete
[00:19:33] on a pizza maker right like conversation and that's what this is
[00:19:38] it's like I mean I mean obviously larger businesses can be part of the
[00:19:41] chamber you know local communities but yeah yeah it's just if I know it's
[00:19:48] more difficult than this but following up on the stupidity of the Crown Act why
[00:19:54] can't you just treat employees good and trust that they're gonna like you back
[00:19:59] yeah right I mean I don't really see it any more difficult than that unless of
[00:20:03] course you know you're at a fortune 100 fortune 500 your senior VP and you know
[00:20:09] that you have the recipe to coke to coke something different right you don't
[00:20:16] need to share the 11 ingredients of KFC got it everything else herbs and spices
[00:20:23] ingredients sorry that's probably no worries so andreason Horowitz investor
[00:20:30] says half of Google's white collar staff probably do no real work
[00:20:37] okay
[00:20:41] well read this his article is so genius so andreason Horowitz great investor andreason
[00:20:47] Mark andreason helped build the internet helped at least built one of the first browsers
[00:20:55] and he's been an investor for 110 years since one of the investors not not him but another
[00:21:02] and one of the investors says that half of Google's white collar staff probably do no real work
[00:21:09] and gotta read this article I hate saying this because I hate when people
[00:21:14] ask me to read books and shit but it's on businessinsider.com go there they recently
[00:21:21] did a story on workday that is also relatively funny because it starts off with I hate workday
[00:21:27] or everyone hates workday which is a funny bit I don't think everyone hates workday but the
[00:21:33] article goes and does a lot of things this is an gathering article it was pretty harsh so
[00:21:40] this is the one of the quotes from this article if you want to work from home like four days of
[00:21:46] work in your pajamas go to work for Facebook that's a quote that's a correct quote and what
[00:21:55] they're doing is actually really savvy this episode is brought to you by Shopify
[00:22:03] do you have a point of sale system you can trust or is it a real POS you need Shopify for retail
[00:22:12] from accepting payments to managing inventory Shopify POS has everything you need to sell in
[00:22:18] person go to Shopify.com slash system all lowercase to take your retail business to the next
[00:22:24] level today that's Shopify.com slash system this article is there attacking employee bloat
[00:22:33] like these tech firings that you're seeing they're not refiring these people aren't doing anything
[00:22:38] they're not doing work they yet they hired on a bunch of extra people they don't need them they
[00:22:43] can't they can't actually they're not doing work is the claim right from from vcs and it's
[00:22:49] not just in recent Horowitz by the way it's a lot of these things are saying the same thing
[00:22:53] they're kind of the beat from the same drum is they didn't need to over hire they're not really doing
[00:22:59] work so these layoffs are false layoffs yes people are being laid off but they weren't working
[00:23:04] they shouldn't have been hired in the first place yeah do you think they were hiring this way
[00:23:10] to eat up the talent so competitors wouldn't get them in 100 let's put them on payroll
[00:23:15] 100% it's the office space store I'm in a basement with staplers that's right well I'm
[00:23:19] going to draft I'm going to draft I'm Dallas Dallas has a draft right before Philly and we
[00:23:25] know that you want let's say a defensive back I don't think you're I think your defense section
[00:23:29] pretty good but let's say you would know you want we're gonna we're gonna we're gonna draft
[00:23:34] defensive the best defensive back on the board just so you can't have them
[00:23:39] problem is that Jerry Jones and Dallas wouldn't be able to discern who the best back is
[00:23:45] let's just I don't disagree I don't disagree it's just call what it is follow follow this trend of
[00:23:52] vcs and p's yeah actually attacking uh attacking employee bloke because I actually think it's a fun
[00:23:59] I think it's a good store yeah we should do a show just on employee bloke I think there's
[00:24:04] there's a lot there all right title seven so for those of you who do not know what title seven is
[00:24:11] it protects you the employee and applicants from discrimination around you know from obviously
[00:24:18] basics of race color sex religion national origin all of the above anyway so title seven is
[00:24:27] back in the news again I feel like it's in the news a lot maybe just because we're we're
[00:24:33] looking at this a lot but so there was a former ticket agent uh at an aviation company based in
[00:24:41] Maine uh was given the approval to move forward with her discrimination claim against the company
[00:24:48] which she claimed that she was fired for allegedly fired because the company's stereotype
[00:24:56] because of the company's stereotype belief that she would leave the company if her partner
[00:25:05] quit or was let go so they didn't want to lose two for one so that's what she's claiming now
[00:25:15] there's another example of this recently where walmart now not a huge sum of money
[00:25:21] but walmart paid out 60 000 to settle an eoc claim uh alleging that it refused to promote a female
[00:25:30] employee because she had a young family at home and didn't feel she could dedicate the time to
[00:25:37] the role yeah so there's a lot of examples of this a lot of examples of this that are out
[00:25:44] there in the market right now yeah and I can see uh retailers walmart in this case for retailers
[00:25:50] especially at a certain level um let's say the assistant manager level or maybe even department
[00:25:56] manager level yeah they work a lot a lot yeah it doesn't matter that they work a lot if you have
[00:26:02] a young family or your family or you have no family should matter it should be even something
[00:26:07] in the equation um so again that's that's silly that they wouldn't promote someone if they're good
[00:26:15] again getting back to if you're a great associate or employee and uh you can do the job
[00:26:22] well or not you have a young family you'll adjust yeah I don't I don't look at the walmart one as
[00:26:28] actually happening or not I shouldn't say that no it definitely happens it definitely oh I know it
[00:26:33] happens but 60 000 is them just saying just take the money go away we don't want to deal with this
[00:26:40] now if it came back and and the person was the woman was paid 750 000 no that'd be a little different
[00:26:48] but 60 000 just means they didn't even pay attention to this usually for retailers it's usually the
[00:26:53] lower uh assistant manager department manager make code director roles where you put in the hours
[00:27:00] right right all right so uh tag tabing the thing that we you brought up earlier about
[00:27:07] companies hiring new people and new executives volk which is kind of the multi posting programmatic
[00:27:14] space uh appoints retube mohanka uh former executive at IBM and linkedin as CEO as at volk
[00:27:24] v o in q dot com uh go take a look at it but what I found what I loved about this particular
[00:27:31] press release is okay career highlights senior vice president of europe ibeam smarter workforce
[00:27:40] vp and strategy business development eba linkedin learning and engagement senior roles at konexa
[00:27:46] and glint so she's bringing a bunch of experience to volk as their CEO i don't know if you criss-crossed
[00:27:55] her when you were at konexa does her name i wasn't i wasn't that important yeah well just
[00:28:02] just her name if it seems familiar she might have been in europe so you might not have ever
[00:28:06] seen her yeah but yeah just piggybacking some of the things that you already listed
[00:28:11] these companies are making different different bets with executives which is uh which is fascinating
[00:28:17] right yes all right so chat gpt partners with stack overflow um this was really interesting to me
[00:28:28] this one i like where this is going i know people look at chat gpt as a novelty right at least today
[00:28:36] but it actually is a business and there actually is it is being used across enterprises
[00:28:42] not just to type in silly things uh online so anyhow chat gpt is now learning how to code
[00:28:50] and they're leveraging the open api with stack overflow to to do this right so i think this is
[00:28:57] where recruiting is getting smarter right so chat gpt will in theory be able to assess a candidate's
[00:29:07] ability to code or to solve a specific set of coding challenges so think whiteboarding a problem
[00:29:14] right in an interview right now now chat gpt is going to be able to go in and recruiting or hr
[00:29:21] or whoever's doing the interviewing will be able to go in and assess what the coding is
[00:29:27] and pick out specific things that it's doing or didn't do what i like about the examples that i've
[00:29:35] kind of been thinking about in my head i like them probably because i came up with the idea
[00:29:40] but i still think they're novel uh is that recruiters aren't always recruiters don't need
[00:29:48] to be tech recruiters to be a tech recruiter okay i'm going to get hate there right however i i
[00:29:54] fully believe that i don't need to be a tech professional or a tech expert to be a tech
[00:29:59] recruiter especially now if i'm able to take your coding right your your your assessment
[00:30:08] and throw that into a chat gpt or any other tool there's a lot of tools that do this
[00:30:11] um and it doesn't just say yes this is verified it's good it says this is really good however
[00:30:21] look at this and this is what this means here are the questions to follow up with not only that
[00:30:27] here's because it's working off of it can also work off of your company data projects you're
[00:30:33] working uh tech that you're using um other you know top coders in your company can put stuff
[00:30:40] you can have them put stuff in etc etc it can now say well william he's you know we'll call mid-tier
[00:30:48] developer however he will work very well with this group over here because these three are doing
[00:30:57] this and he can help do this so now it can help with the placement and help the recruiter and the
[00:31:03] hiring manager see maybe not so fantastic for this role i don't like his coding skills
[00:31:09] but he's going to fit in over here and now they can start to assess and look
[00:31:13] in different directions that way so two things come to mind for the audience stack overflow like
[00:31:19] it uh on the back end of both those uh communities uh technical communities is a recruiting solution
[00:31:27] so if you didn't know uh now you know that basically you can run job ads and you can
[00:31:32] you can hire talent in those uh communities uh the other thing that i'd augment of what you've said is
[00:31:41] it's it is about their coding and approving their coding it's also the prompting that they're
[00:31:47] going to learn right so in chapter gpt to prompt code to do something that you want you're
[00:31:53] going to actually learn and they'll learn who's good at prompt engineering right and so you could be
[00:32:00] you you don't have to be a i'll say something that people won't like i don't think you have to be a
[00:32:05] good coder i think you have to be an excellent prompt engineer no code so it'll it'll get there
[00:32:14] 100 it'll get it'll get there so but but the thing is is they're learning both they'll be
[00:32:20] learning both sides of who's doing the radio coding from fresh or from the jump and then people
[00:32:26] that are also augmenting that with chat gpt right coding that comes from there they're going to be able
[00:32:31] to see all that which i think is great for recruiters i think your your point is awesome as always
[00:32:41] so let's do the a the acquisitions we got a couple of these three of these to to run through real
[00:32:46] quick echo 360 acquires inkling and the reason this came up on my radar inkling is jeff car who's been
[00:32:55] in our industry for 100 years he was a president ceo of inkling and just a great guy and basically
[00:33:04] learning engagement which is the echo 360 buys digital training because so so these things kind
[00:33:12] of make sense for everyone it's a win-win but i don't in general i don't trust m&a which doesn't
[00:33:20] disclose terms so whenever sorry whenever you see something terms weren't disclosed personally i don't
[00:33:28] i've never trusted that and i don't trust it now but i'm glad inkling had an exit
[00:33:33] and it looks like it's going to be good something good for the customers
[00:33:37] of echo 360 so good for them great acquisition right
[00:33:43] docuSign acquires ai power contract management firm lexion that how you say lexion i think this is
[00:33:54] this is a natural evolution for docuSign makes sense to bring a company in that was killing it
[00:34:01] already in the space instead of going down the path of every ats in the world and building
[00:34:06] their own solution so kudos to them for recognizing that so everyone knows docuSign a lot of companies
[00:34:14] big companies a lot of companies use docuSign okay we we use yeah so they've expanded into sales
[00:34:23] in hr docuSign has obviously they do employment contracts a lot of legal contracts all of the
[00:34:30] stuff that you could imagine docuSign doing is what they do now with lexion they are going to be able
[00:34:39] to go into those documents and help you not have to read the fine print which you're not going to
[00:34:46] read anyway right let's just be honest and so now lexion or docuSign with the acquisition
[00:34:52] will be attached to all of your documents and you will be able to summarize the documents
[00:34:58] pull out information in a document search very specific things in a document ask it questions
[00:35:05] so think um you know i don't know about certain things i don't even know what it's called
[00:35:11] in the in the legal document i can just say what is my responsibility for this right based on
[00:35:19] what it's reading it will then say or give you you know things to be concerned about what
[00:35:24] risk you potentially might have right um which i think is fantastic because nobody signs these
[00:35:29] things and if a company's sending out an employment agreement to a to an individual they just want a
[00:35:35] job and maybe they read the first couple things but let's be real they go down the salary they
[00:35:40] go down to their benefits they sign send it yeah honey look i got a new job we're we're good to
[00:35:47] go now this is going to be able to come back to them and say this is potential risk
[00:35:54] here's docuSign for 15 years yeah yeah watch yourself right i like it i think i think we're
[00:36:01] going to see this across a lot of these these companies and i think this goes to our conversations
[00:36:05] around transparencies organizations are not going to start sending employment contracts and offer
[00:36:12] letters and saying look at these five potential risks look at these really good things look at
[00:36:16] these bad things no right so a third party's gotta do that exactly and whether that comes from
[00:36:22] the company which i would hope that it would but it's not no this allows them to even if if the
[00:36:28] company is not using docuSign people who are applying for jobs candidates or people getting
[00:36:34] ready to accept employment offers should have access to a third party tool like this to run
[00:36:39] through it love it so yep all right fiscal soft acquired by black mountain software black
[00:36:48] mountain software is software for small to medium-sized local governments and fiscal soft
[00:36:55] is payroll and hr management for small to medium-sized local governments we don't talk about
[00:37:02] government hr tech for some reason um look we but it's an industry just like retail
[00:37:09] manufacturing financial service etc so this is a win-win for both fiscal soft now they get to
[00:37:18] kind of take their products and put them inside black mountain good for everybody they probably
[00:37:25] have different local governments that they serve so they can cross sell i think it's a great acquisition
[00:37:32] in looking at both websites black mountain and fiscal soft they look like websites that were
[00:37:39] built in 1998 so that's kind of a weird side note but uh like they were actually built
[00:37:46] in 1998 or they're just shitty websites again in fact i found this on fiscal soft
[00:37:53] fis kcalsoft go go and look at their website right now just go and look at fiscal soft
[00:38:02] calm and i swear you're gonna go is it 1990 holy shit page this is literally built on front page
[00:38:11] you gotta be kidding me this is like their site that's your site
[00:38:17] not making fun of fiscal soft nor black mountain software it's a great acquisition
[00:38:21] and they're probably catering to their to their audience they don't need a new fancy
[00:38:26] website with videos and ai and bot asking them questions they need something that looks like
[00:38:35] he was built on front page or i friend literally it literally does and they even have they even have
[00:38:42] a they even have a weather app i'm looking at now i wasn't joking i wasn't joking you're like
[00:38:49] ah surely it's a modern nope yeah nope yeah yeah now give me a great app position yeah congratulations
[00:38:56] all right i've got some really i don't know i'll put it out there it's research i you're gonna
[00:39:04] i don't know what you're gonna say about it i'm gonna put it out there because i think it's
[00:39:07] i'm gonna love it i think it's all right let me just stop talking i'm gonna put it out yeah
[00:39:13] yeah do that i don't like surveys right i hate taking surveys i hate them um and i don't like
[00:39:22] companies that sell survey data that's not real right okay that's my purpose to hold
[00:39:30] thing there so fair gen uh came across this fair gen boosts in air quotes survey results using synthetic
[00:39:39] data and ai generated responses so yeah so they okay that's that's just that's just fraud is what
[00:39:50] yeah right so not according to them um uh so not according to them so so synthetic data
[00:39:59] has been around like big user right okay so they've recently raised uh five and a half million so
[00:40:06] it could be we could talk about this later too um they total eight million in total funding so
[00:40:12] someone believes in them a little bit um the challenge is that people don't like taking surveys
[00:40:18] right they run away from these things fair gen what they do is they train an ai model they don't use
[00:40:26] llms they train an ai model exclusively on your survey data so let's say we're running a survey
[00:40:35] we want to we want to we say business case is 500 people we can only get 100 people
[00:40:43] but we need to move forward and we need to publish and we need to get some stuff going
[00:40:47] we take that we give those 100 responses to fair gen they model this right they they they model this
[00:40:55] survey data and they extrapolate from that what potential larger group would say how they would
[00:41:05] answer answer your survey they feel that this is mathematically guaranteed to be accurate
[00:41:12] because of their ai behind it i don't doubt that it would be accurate let me just start there
[00:41:19] i believe i i definitely be i'm gonna go the other side it's absolutely inaccurate
[00:41:25] yeah why and i'll tell you why it's absolutely inaccurate because there's only a subsection
[00:41:30] of the population that will that will actually uh perform a survey that will conduct a
[00:41:37] complete a survey so of the people that do conduct you've now taken data from just that
[00:41:45] small subset right and then extrapolated out which means that you haven't covered everybody
[00:41:50] you just but that's what you're just promising they're just saying based on your data how can
[00:41:57] they do that how can they do that this is kind of like the exit polls right and and it's exactly
[00:42:03] and it's like you know so-and-so is this and i'm like man you you enter you you literally
[00:42:09] asked three questions to five people right like how are you doing this this is what this is with
[00:42:14] they i can extrapolate with somebody doesn't answer if they haven't if people like i have never
[00:42:20] filled out a survey right so how the hell would they get to what i believe or feel about something
[00:42:27] wouldn't i don't understand what they say because i can't well look at okay let's say we did a survey
[00:42:33] when we had five we business gets us 500 we hit 500 well business statistically valid
[00:42:40] they're called business statistically valid is 100 completed surveys so the bar is well whatever
[00:42:48] yeah let's just say we did 500 okay and we got the 500 the research and survey that we put out
[00:42:54] is based on those 500 but those are people that answered that's right right the question who has
[00:43:03] had to answer a certain it's it's groucho marks yeah so what they're saying is 100 people do this
[00:43:10] we can predict what the other 400 would say based off of these 100
[00:43:17] but who are the people who are the other four i don't whatever maybe i'm not smart enough
[00:43:22] whatever i don't know that's i click through the link read it we'll drop it in the notes
[00:43:30] they're going to be a 90 billion dollar acquisition at some point and i'm 100 percent
[00:43:34] i ever said groucho marks 101 i refuse to join any club that would have me as a member
[00:43:41] same thing with surveys yeah i refuse i would probably refuse that club as well if you were
[00:43:47] joining the club no that's not true that's not true that's not true all right so the state of
[00:43:53] generous ai and the enterprise by deloitte fantastic survey so go to deloitte.com we get surveys
[00:44:03] yeah well these actually have like 5000 respondents so they're a little bit different
[00:44:08] and they're not extrapolating and using it they extrapolated it for 50 000 so it's all yeah
[00:44:13] sure so the survey itself so one of the things i think is important for practitioners for all of us
[00:44:22] is to figure out how people are actually using ai and specifically generative ai in the enterprise
[00:44:30] and best quote ever it's like on the second page of the survey the report we're in the first
[00:44:37] inning of a thousand inning game and there's much to be figured out as a chief analytics officer
[00:44:42] for financial services firm so just that idea that hey listen if anybody's you know if anyone's
[00:44:49] carving stuff in in in in marvel they probably should uh this stuff is so fluid uh what we're
[00:44:57] talking about today we're not going to be talking about next year at all so uh deloitte
[00:45:03] conducts excellent research go check it out we need to understand where ai and generative ai kind of
[00:45:08] hits the enterprise so anything that can give us any kind of guidance there is important research
[00:45:15] to keep up with go next now was at deloitte.com all right and the annual HR practices in ireland
[00:45:25] survey helps you keep a finger on the pulse of what's happening in the profession in ireland
[00:45:31] why is this research important so this is at cipd.org now cipd ryan if i said cipd what
[00:45:41] is that to you oh i i went to copd or whatever that's called what was that movie
[00:45:50] i was still thinking of the title on the annual hr practices in ireland survey helps you keep
[00:45:56] your finger on the pulse did you almost did it did you almost do it did you almost do an irish
[00:46:01] accent when you did that i didn't yeah not a good but it's kind of a weird title yeah but so don't
[00:46:08] worry about the title cipd is uh essentially like shirm it's an organization for the uk
[00:46:18] they have conferences and research and all that type stuff and so cipd would you know i hate to
[00:46:26] pair them to shirm because they're a little bit different but think of them as an association for
[00:46:31] hrds hr folks recruiters etc now what i like about this particular report is it outlines the problems
[00:46:40] like what they you know they surveyed a bunch of people and they said okay what's keeping up at
[00:46:43] night list of of things great that happens in a lot of research but what's different about
[00:46:50] this one is it offers up recommendations so here's you know talent retention so that's a problem
[00:46:59] that's keeping you up at night in ireland okay here's the four or five ten things that you should do
[00:47:06] to fix that problem and so if you do nothing but just go and download the report to review
[00:47:12] the recommendations it's worth it because this is actually one of those surveys where they outline
[00:47:19] what's wrong or what's keeping people up at night that's stuff but it also then
[00:47:24] lays heavy into the recommendations and i love research that does so go take a look at
[00:47:29] well there you go enjoy the reading okay here guess what time it is it's time to talk about
[00:47:38] berson it's time to reinvent town acquisition that is so berson and ams put out a report
[00:47:47] it's a good report so they they interviewed more than 130 hr executives and i'll give you some stats
[00:47:55] you know just to kind of kind of wet the whistle here so 32 percent are so this was this was where
[00:48:01] they add in your organization what is their role what are they doing how they included etc
[00:48:07] excuse me 32 percent of these executives said that they were involved in strategic
[00:48:15] workforce planning 42 percent believe that their company has no workforce plan at all that's
[00:48:22] that's a low number good yeah i think that's probably higher that's low yeah they use fairgen
[00:48:28] they'd be at 74 percent just to be honest nice fairgen i'm just gonna get a tattoo this is
[00:48:36] all right with us we'll give a shirt i don't want to be permanent not unless you're gonna give us
[00:48:40] some money on that massive acquisition about to have fairgid results whatever so 46 percent said
[00:48:47] they're running around without a head and when the layoffs hit they lose their recruiters first
[00:48:53] so nothing we didn't know i think this is just you know solid research to give you some
[00:48:59] comfort or discomfort in where we are in town acquisition but the outcome here is that
[00:49:05] urgency often trumps strategic planning so they're leading to rushed hires which is we know this but
[00:49:15] it's always helpful to kind of see it in writing that we're really focused on what is important
[00:49:21] right at this moment and not so much on strategy but that's leading to a lot of hires without the
[00:49:28] proper skill set or consideration for you know the specialty there the role so i think it's
[00:49:34] for me first of all love berson and ams i think it's when you say reinventing talent acquisition
[00:49:42] it's reinventing where the human is in talent acquisition and in this particular case matching
[00:49:49] up the where the human is is where the strategy is and workforce planning it's been one of those
[00:49:57] deals for years that companies talk about workforce planning but do a really poor job
[00:50:03] and that's going to change now it it's got it it's you've got to change it and with technology
[00:50:11] it there's no reason for it not to with all these platforms and solutions that are on the market now
[00:50:17] leveraging ai etc there's not there was an understanding you could justify hey we don't
[00:50:24] have a fucking plan right yeah because you've got a million fires to put out and you're
[00:50:28] down 50 people get it in that same situation there is solutions now on the market that can
[00:50:35] handle that for you and take that off your plate so now there's no excuse love it
[00:50:42] workers who jump ship during cobit are now regretting it conference board job satisfaction
[00:50:48] survey says so conference board you'd know the conference board by consumer
[00:50:58] consumer price index you'd know them because they've been studying it for 580 years
[00:51:03] they're really really good at it and so if you go to conference dashboard.org they've got all
[00:51:09] kinds of cool shit they've been studying hr for a long time strategic hr and they do a job
[00:51:15] satisfaction survey every year they're they're probably one of the best at doing research like this
[00:51:21] so so when they when they let out research dig into it because it's cool so essentially
[00:51:29] go read the report for yourself but one of the things with this one is it's it's
[00:51:35] emphasizes culture eats wages for breakfast so wages are important to employees and to
[00:51:43] candidates but it's not as much as culture and and and I think for me I think this is a combination
[00:51:52] of younger generations that work different priorities maybe even a little cobit hangover
[00:51:58] but you know it's worth watching it's worth watching they do this particular survey every
[00:52:03] year so it's worth watch worth watching the trends to see where this goes next year
[00:52:10] and so look at conference board in fact I've got a good food and that's a research there
[00:52:16] so if you reach out to me I can come plug you into her because she's wonderful
[00:52:21] and they just do great research so there you are all right the gig is up in a good way
[00:52:30] the share of Bank of America customers who received income from gig platforms through direct
[00:52:36] deposits or debit cards was above 3.8 percent in March 2024 surpassing the previous mark
[00:52:44] of early 2022 now we had worked to find our Bank of America customers we love it
[00:52:53] the the thing is the account number two oh hell yeah i'll give you i'll give you a
[00:52:59] routing number so i could just go deposit some shit we're good no but the the institute
[00:53:07] so institute bank of america dot com they have they have a bid for it's called consumer
[00:53:13] morsel hey it's really really cool uh and so they they put out these things these little
[00:53:19] these little nuggets so in this particular one what I found fascinating is banks have
[00:53:25] insight into gig platforms paying them paying who they're how much they're paying and who they're
[00:53:31] paying so like we've been talking about gig platforms for a couple years now right now these guys banks
[00:53:39] this in this case Bank of America they have access to the other side so like we could say our favorite
[00:53:47] you know we use fiver we've used fiver before uh somebody gets paid they're on an EFT or
[00:53:53] they're on a transaction that goes to a bank they know how much money is being transferred
[00:53:58] to those people from those platforms which blew my mind I don't know why it did because I just
[00:54:06] didn't think about it I just didn't think like okay where the money goes you know like I could see
[00:54:12] you know and so-and-so has five stars they've you know quarter million dollars you know all
[00:54:17] that stuff but I didn't think about where the quarter of a million dollars went and who keeps
[00:54:21] track of that so I think banks if we track it we can follow the money we can banks can help us
[00:54:28] understand gig work so we can reverse engineer gig work and the platforms of gig work and find out
[00:54:35] what gig platforms are actually making an impact based on how much money is being transferred
[00:54:42] from those platforms to banks so uh check this out at Institute Bank of America
[00:54:49] dot com and again this was under they have different categories but this was under consumer
[00:54:54] morsel gig economy and I think you'll find it fascinating uh or hope you find it fascinating
[00:55:00] fascinating because uh I think it just gave me a different lens of which to look at gig work
[00:55:11] Ryan?
[00:55:13] Oh I was on mute sorry I was saying was if they want to drop that 250k in the my account
[00:55:21] and now all right I'm all good all right so let's talk some funding there's a couple of
[00:55:27] fundings we should talk about this week we do we're far so Legion secures 50 million
[00:55:34] for growth investment so yeah it is that's a it's a good number so Legion's an hourly play they
[00:55:41] they do uh they're they're they will use the funding to drive workforce management accelerate
[00:55:48] their global expansion um so we're we're seeing it now and I think we're going to continue to see
[00:55:56] this a number of our hourly workers are skyrocketing right it's just I mean it's just what it is um
[00:56:03] but the experience that they go through during the hiring process
[00:56:09] is the same sometimes it just gets worse because there's less people running the
[00:56:14] process and they haven't done anything to to evolve it so anyhow lots of lack of communication
[00:56:21] poor selection process all of that results in ultimately which comes out to be just a really
[00:56:27] crappy subpar onboarding experience making an unhappy employee who then leaves for
[00:56:34] you know an additional 50 cents to the next guy um and I think this is an important play I
[00:56:40] think this is something that we could talk about for a long time um you know it's there's a lot going
[00:56:46] on here yeah Legion's a sleeping giant 50 million dollars growth growth capital this is this is
[00:56:54] basically the P or VC I think in this particular firm uh case basically said you know what you've
[00:57:02] got it right now you just need some capital to go and expand you know and and you know but
[00:57:08] it's validation on a lot of levels when somebody gives you 50 million dollars for growth capital
[00:57:14] that you've got your model right you just need more money to get it to more places right um
[00:57:19] I love it I think it's good we've talked to Legion before and love what they do and so uh
[00:57:26] they've got some great customers too yep so good for them change engine have you ever heard
[00:57:33] a change engine do you have yes okay so change engine for the audience that is both watching
[00:57:39] and listening meant to correct you at the beginning of that is uh what would I say watching
[00:57:44] listening listen Sianva meets HubSpot for their employee experience so they closed a 10 million
[00:57:52] dollar series act that's a that's a hefty series that's a good series act now this is on prweb.com
[00:58:01] it's a press release so you can go read more about that but I love anything that makes the
[00:58:08] employee experience better so whatever they're doing change engine whatever they're doing to make EX
[00:58:14] better is is good for everyone because great employee experience equals retention so
[00:58:23] I like that they were validated with a I think a really nice series A and uh and again anything
[00:58:30] that makes the EX better employee experience better I think it's a win for everybody so good for them
[00:58:36] good for them proud of these guys all right Altera they take in nine million dollars and this is
[00:58:47] I like this because it just it justifies it it lends credibility to my thought about co-pilots
[00:58:54] right hmm I really believe we're all gonna have co-pilots we're all gonna have assistants
[00:58:58] etc etc and we've talked about this right but this is where so Altera Altera is looking into the future
[00:59:07] here they're moving past co-pilots and getting people to assistance so human like workers we
[00:59:14] talked about a story like this previously where we say robot but it's literally just like a cute
[00:59:21] little toy that acts as a robot to help you do things or digital employee that's on a screen
[00:59:29] and you see their face but you can interact with and they help you with booking and calendaring answering
[00:59:34] calls etc etc this is getting as closer to that so the goal here is to have human like workers
[00:59:43] in the workplace with you as your assistant uh so maybe there's one of these
[00:59:50] robots or whatever they want to call them for a group of people and they're they're doing
[00:59:55] whatever they want them to do at that point whatever they're going to wind up doing but this is um
[01:00:00] we all you know the name Eric Schmidt right so he led the round he believes in this um and I
[01:00:06] I do too I think this is this is interesting you can you can find this really anywhere just
[01:00:10] Google terror and it'll it'll pop up it's getting a lot of play right now so first of all
[01:00:18] Eric Schmidt's involved it's going to win right hard stop I thought you had more
[01:00:29] I thought you had some thoughts on this one sorry no that's what hard stop means yeah hard stop
[01:00:34] okay um trio metrics trio mix so tr i o m i c s raises 15 million to automate oncology workflows
[01:00:48] with gnai power plant this was at news ramp dot com so go ahead and take a look at there if you
[01:00:54] want more on the story but it really got me I don't really care about oncology I don't really
[01:00:59] care about money they raise or any of that shit but it got me to think about two things words that we
[01:01:05] should start to um key in on automate and workflows so what that means is when you for me I think this
[01:01:16] is why it's important note when you see or hear optimize augment automate workflows that means to me
[01:01:27] less humans in those roles yep humans can be moved somewhere else to humanize that process
[01:01:34] or they can be eliminated so when when we talk and we talk historically about fobo if we were
[01:01:40] being obsolete uh it's real and these are the types of you know that whilst not in our industry
[01:01:47] per se this funding raised the question for me whenever you see outside of our industry
[01:01:54] you see technology that's automating workflows that you should go ahead and kind of make that
[01:02:02] do the math in your head they're they're creating first of all the sufficiency which is not a bad thing
[01:02:09] but they're eliminating humans and humans don't necessarily have to be fired they can just be
[01:02:14] moved somewhere else but my gut tells me that they won't do that that you're just going to
[01:02:20] eliminate the humans from the process so I don't hate the funding I don't hate the industry I don't
[01:02:26] hate any of that stuff I just want us to kind of think about okay the little hairs on the back
[01:02:31] of your neck should go up when you see optimize augment it automate workflows yeah yeah I don't
[01:02:38] I don't blame the companies for for this I think not at all a lot of these companies are doing
[01:02:44] their part in doing what they're supposed to do with this is a business they need to grow the
[01:02:48] company and as they grow these roles will evolve so I think in the beginning like in any change in
[01:02:55] time there'll be a drop off right people are going to be affected but then they're going to be back
[01:03:03] they're going to come back into those different roles so I think this is what we're seeing
[01:03:07] so I don't I don't hate the country no I'm done in order for this so all right so I got one
[01:03:13] final funding so class is the brainchild of the previous founder of a company called Blackboard
[01:03:22] which was an online organizational tool so this time this time he has a zoom add-on called class
[01:03:31] so total funding to date 164 million lots of money so class helps it's an it's an ed tech play
[01:03:40] they help teachers with assignments with notes attendance quizzes taking tests communicating
[01:03:46] with students virtually etc they've moved into business sales and business so here's here's the
[01:03:57] the relevant story for remote workers for hybrid workers in hr they have what they're calling
[01:04:04] now pro features so pro features lets everyone edit now this is this is when I want you to kind of
[01:04:11] listen to this because when I read it I originally thought why like I can do this on my own I don't
[01:04:20] need then I thought well yeah okay you have a solution it's all in one it's much easier it's
[01:04:24] compliant etc so so the pro features lets everyone edit a document in say Microsoft Office or
[01:04:31] Google Doc right you're on the zoom call everybody gets access it's collaborate you get this collaboration
[01:04:37] right so you can brainstorm on the whiteboard you can edit code together in visual studio
[01:04:44] the new so the new expansion that they've just done now transcribes the meeting as well as
[01:04:51] catcher captures all of the documents and files that you were editing oh cool yeah this is what I
[01:04:59] in the actual meeting so if I pulled up three different websites if I screen shared and I did a
[01:05:05] demo it's snapshotting that along the way and that becomes part of the notes after the meeting it can
[01:05:13] then go back and answer questions on everything that was discussed in the meeting including
[01:05:18] the documents and the web pages that were shared right so this is getting closer to true
[01:05:23] collaboration that actually makes it kind of fun because remote workers right you no longer like
[01:05:30] Williams gonna share his screen and show the Google Doc all right everyone jump in the Google
[01:05:35] Doc on your own machine do your thing it's now just up on the screen it's on the whiteboard
[01:05:39] everyone's doing their thing collaborating but I'd like the post meeting I like being able to go
[01:05:46] back and not just search the notes and have my action items my to-do is now you know
[01:05:51] Barney it's got to be accurate I like that it's actually able to then answer my questions
[01:05:57] hey William I know I have to do this how is this relevant or what can I do when I in my whatever
[01:06:03] to say to call to action was it reach out to somebody when I reach out to William what should
[01:06:09] I ask about concerning this specific topic it's now going to go back into the notes and say
[01:06:14] in your call with William here are four things that were mentioned during your call that you
[01:06:19] need to talk about it's going to go back and remind me it's going to make you stupider at some point
[01:06:23] because you're not going to have to remember to do any of this but I like it it got a lot
[01:06:28] of money behind it and he's got a track record of making people happy here don't bet against the
[01:06:34] founder of Blackboard this no period just like Eric Smith you kind of look at and this is a
[01:06:40] true of the movie industry as well a lot of actors look at who gets signed on right and
[01:06:47] that's how they determine whether or not they'll do some guys and gals don't even read the script
[01:06:52] they're like who you got who signed on right the caprio and denaro yeah okay sure right right I can
[01:06:58] be talking about hot dogs I don't care I want to be in a movie with those guys yeah gals you know
[01:07:04] like say and I think this is one of those bits previous founder of Blackboard yep yep took
[01:07:10] something from zero to nothing or nothing to and that was a long time ago yep that was a
[01:07:16] long time ago so he's you know he he does he's back yeah all right last last uh there you go
[01:07:24] last funding that we have is op med dot ai I'm gonna follow the the trend that I set just a second
[01:07:32] ago which uses ai to optimize staffing for operating rooms raises 15 million dollars this
[01:07:39] said siliconangle.com so you can go read a little bit more about that so here's one of the bits
[01:07:46] the healthcare industry faces a projected shortage of 3.2 million workers like 2026 by the way that's
[01:07:54] only two years away or maybe a year and a half away this this tech optimizes operating rooms
[01:08:02] so when staffing happens for an operating room we we have a surgery that's going to happen
[01:08:08] they're going to get a hip replacement so that operating room needs x number of people to be
[01:08:13] staffed this this technology oppa optimizes the staffing for that operating room so think of it
[01:08:23] like this it's scheduling on steroids and so if you need eight people in the room you need a
[01:08:30] anesthesis a nurse anesthesiast you need this you need that this is one of those deals the
[01:08:37] healthcare industry still they have both a labor shortage on one end and on the other end they have
[01:08:44] efficiency and staff inefficiency and staffing so this particular top technology op med dot ai
[01:08:54] is just optimizing staffing for operating rooms so imagine the opp opportunity of all the facets
[01:09:03] of things to be optimized staffing wise for healthcare if there if this company raised $15
[01:09:08] million just to optimize staffing for operating rooms there's clearly a market opportunity
[01:09:15] yeah so i think it's a good i mean you know again anything you can do to you know if we
[01:09:22] can lower healthcare costs which i don't think we will but if this does make us more efficient
[01:09:28] in operating rooms then maybe that that shortage in talent we can you know we can at least understand
[01:09:37] that maybe it isn't as much of a shortage as we thought if we're optimized so right there you go
[01:09:43] all right it's all i think i think we're good for today have we barfed we we have we have
[01:09:49] and some of these stories kind of make me feel like i did like i feel i got want to go take
[01:09:56] surveys now i just want to answer all the surveys and then extrapolate my brain anyway i did an s
[01:10:04] was an sat yeah uh no it's a psat i did a psat one time i think it was in seventh grade might have been
[01:10:12] an eighth where all i did was do a design on the scantron thing so i didn't i didn't look at
[01:10:20] any people listening to this don't even know what a scantron is this all right so what i did was go
[01:10:26] abcd dcba abcd i just drew a design on the scantron turned it in i don't know what score i got i didn't care
[01:10:38] i would call ps on most people but i kind of feel i got it no i didn't all right i think uh i think
[01:10:47] we're good for today i'm going to get on with my with my day thank you all for listening subscribe
[01:10:54] like us see us we will be traveling coming up soon we'll be back out on the road so that's awesome
[01:11:00] if you see us out there please yeah it's awesome come on it's good to get out of that house
[01:11:05] get away from that virtual background all right on that note we'll see y'all later


