DCR TrendLine shares analyses of trends and happenings in the non-employee workforce industry. The June edition looks at the impact of oil prices on employment in the oil and gas industry and trends in talent management. We continue our global series on the ASEAN region by looking at Indonesia’s slowing economy. This month also features our quarterly topic “What’s Trending in the Temp Market.” We also discuss job prospects for the graduating class of 2015. Our feature article hones in on the need for simplicity in the workforce, and provides some ways to get started. Finally, we examine the long-term economic impact of the devastating earthquakes experienced by Nepal recently
DCR National Temp Wage Index
Employment Prospects for 2015 Grads
Indonesia’s Slowing Economy and Workforce Challenges
What’s Trending in the Temp Market – Q2 of 2015
Industry Highlight: Oil and Gas Index
4 Talent Management Trends
Simplicity is the Ultimate Sophistication
Nepal Earthquake: The Long-Term Economic Impact
DCR TrendLine shares analyses of trends and happenings in the non-employee workforce industry. The April edition looks at the growing talent management software market and employment in the technology sector. We continue our global series on the ASEAN region by looking at talent trends in the Philippines, and also examine which countries around the world are the most worker-friendly. We explain the debate on if the U.S. economy is at full employment, and throw light on the current situation of the economy. Our feature article discusses the usage of talent analytics and delves into some common myths about big data and metrics. Finally, we reveal which industry in the country has the happiest workers.
DCR National Temp Wage Index
Full Employment: Jobs vs. Inflation
Best Practices in Recruiting for 2015
Changes in the Talent Management Software Market
Industry Highlight: Technology Index
The Philippines – Poised For Growth Through BPO
The World’s Most Worker-Friendly Countries
Measure What Matters
The Happiest Industries
DCR TrendLine July 2014 - Non Employee Workforce Insightss
DCR TrendLine shares analyses of trends and happenings in the staffing industry. The July edition covers a range of topics, including the latest employment figures from the Bureau of Labor Statistics and the growing utilization of temporary workers across multiple industries. This month’s edition focuses on the Information Technology (IT) industry, highlight trends in the sector and sharing insight into employment and wages. We examine the skill gap in the industry and discuss how companies are attempting to bridge it. We also highlight how predictive analytics are being applied in human resource management and which talent acquisition metrics companies should be tracking. Our feature article this month is particularly applicable to companies with contingent workforce programs. We look at the challenges companies often face, and offer tips on keeping CW programs running smoothly.
DCR TrendLine June 2014 - Non Employee Workforce Insightss
DCR TrendLine shares analyses of trends and happenings in the staffing industry. Our June edition covers a wide range of topics, including hiring plans for small- and mid-sized businesses and contingent workforce demographic trends. Since June is the month of graduations, we take a look at how job prospects are for the class of 2014. This month’s edition focuses on the manufacturing industry, highlighting trends in the sector and sharing insight into wages. We discuss how temporary employment has become a norm not only in the U.S. labor market, but internationally as well. Our feature article this month focuses on an issue that arises when employing temporary workers – compliance – and provides ideas on how to overcome this challenge to ensure peace of mind.
DCR Trendline October 2014 - Non Employee Workforce Insightss
DCR TrendLine shares analyses of trends and happenings in the staffing industry. The October edition covers a range of topics, including the latest employment numbers from the Bureau of Labor Statistics and the continued growth of temporary employment. October is one of the most exciting months for sports fans, and it’s only fitting that this edition’s industry highlight is centered on sports-related employment. Our other areas of focus include how the definition and image of employees has progressed over the past decade, the increasing use of social media for recruiting, and on the value of talent supply chain management in meeting organizational talent needs. Our feature article this month is particularly applicable to companies with contingent workforce programs. We look at how vendor management systems can help companies fulfill the priorities and requirements of multiple stakeholders while meeting the shared single goal of eliminating complexity to increase operational effectiveness. - See more at: http://blog.dcrworkforce.com/dcr-trendline-october-2014#sthash.jW1AtNaQ.dpuf
The document discusses a new OSHA initiative to increase protections for temporary workers. It was prompted by several temporary worker deaths in the past year. The initiative requires staffing firms and client companies to ensure temporary workers have a safe workplace and necessary safety training. Both entities may now be held liable for violations. Research shows temporary workers have higher injury risks due to lack of safety training and some employers view them as expendable. The initiative aims to address this issue and protect temporary worker safety.
DCR TrendLine March 2014 - Temporary Workforce Insightss
This month’s edition highlights what’s hot for talent acquisition and lists the fastest growing jobs in the country and where they can be found. We also continue this theme of growth by examining the emerging trends driving the increasing use of contingent workforces, particularly in the healthcare industry. And as a continuation of our monthly special feature on the BRIC countries, we turn our gaze to the Sochi Winter Olympics to discover how workers were staffed.
DCR Trendline November 2014 - Non Employee Workforce Insight ss
This document provides a summary of trends in the staffing industry from the editorial staff of DCR TrendLine magazine. It discusses positive economic indicators including job and GDP growth. The unemployment rate dropped to 5.9% while payrolls exceeded expectations. Several industries added jobs including retail, healthcare, and information. The article also discusses wage trends, bonuses, and forecasts hiring growth in Q4 especially in accounting, finance, IT and seasonal retail positions. It highlights the large portion of the workforce consisting of independent contractors and temporary workers.
DCR TrendLine May 2014 - Temporary Workforce Insightss
Can you believe it’s already the second quarter of the year? As the year continues to speed by, this month’s edition of TrendLine focuses on trends and predictions in the talent management industry, by looking at what’s buzzing in HR tech and examining how crowdsourcing is playing a role in the temporary staffing market. Continuing on the theme of technology, we peek at the IT job market to see how and where demand for professionals is growing. We also look into our crystal ball to give you insights into what the staffing landscape will look like in 2022. And this month, we conclude our series on the BRIC countries, by taking a glance at India and it’s potential for temporary work development. At TrendLine, we’re always focused on what’s trending in anything to do with contingent worker supply and demand, and on that note are really excited to unveil a new quarterly topic – What’s Trending in the Temp Market? – that consolidates our research into a short list of critical trends in key talent sectors of the staffing industry. Take a look and let us know what you think!
DCR TrendLine shares analyses of trends and happenings in the non-employee workforce industry. The April edition looks at the growing talent management software market and employment in the technology sector. We continue our global series on the ASEAN region by looking at talent trends in the Philippines, and also examine which countries around the world are the most worker-friendly. We explain the debate on if the U.S. economy is at full employment, and throw light on the current situation of the economy. Our feature article discusses the usage of talent analytics and delves into some common myths about big data and metrics. Finally, we reveal which industry in the country has the happiest workers.
DCR National Temp Wage Index
Full Employment: Jobs vs. Inflation
Best Practices in Recruiting for 2015
Changes in the Talent Management Software Market
Industry Highlight: Technology Index
The Philippines – Poised For Growth Through BPO
The World’s Most Worker-Friendly Countries
Measure What Matters
The Happiest Industries
DCR TrendLine July 2014 - Non Employee Workforce Insightss
DCR TrendLine shares analyses of trends and happenings in the staffing industry. The July edition covers a range of topics, including the latest employment figures from the Bureau of Labor Statistics and the growing utilization of temporary workers across multiple industries. This month’s edition focuses on the Information Technology (IT) industry, highlight trends in the sector and sharing insight into employment and wages. We examine the skill gap in the industry and discuss how companies are attempting to bridge it. We also highlight how predictive analytics are being applied in human resource management and which talent acquisition metrics companies should be tracking. Our feature article this month is particularly applicable to companies with contingent workforce programs. We look at the challenges companies often face, and offer tips on keeping CW programs running smoothly.
DCR TrendLine June 2014 - Non Employee Workforce Insightss
DCR TrendLine shares analyses of trends and happenings in the staffing industry. Our June edition covers a wide range of topics, including hiring plans for small- and mid-sized businesses and contingent workforce demographic trends. Since June is the month of graduations, we take a look at how job prospects are for the class of 2014. This month’s edition focuses on the manufacturing industry, highlighting trends in the sector and sharing insight into wages. We discuss how temporary employment has become a norm not only in the U.S. labor market, but internationally as well. Our feature article this month focuses on an issue that arises when employing temporary workers – compliance – and provides ideas on how to overcome this challenge to ensure peace of mind.
DCR Trendline October 2014 - Non Employee Workforce Insightss
DCR TrendLine shares analyses of trends and happenings in the staffing industry. The October edition covers a range of topics, including the latest employment numbers from the Bureau of Labor Statistics and the continued growth of temporary employment. October is one of the most exciting months for sports fans, and it’s only fitting that this edition’s industry highlight is centered on sports-related employment. Our other areas of focus include how the definition and image of employees has progressed over the past decade, the increasing use of social media for recruiting, and on the value of talent supply chain management in meeting organizational talent needs. Our feature article this month is particularly applicable to companies with contingent workforce programs. We look at how vendor management systems can help companies fulfill the priorities and requirements of multiple stakeholders while meeting the shared single goal of eliminating complexity to increase operational effectiveness. - See more at: http://blog.dcrworkforce.com/dcr-trendline-october-2014#sthash.jW1AtNaQ.dpuf
The document discusses a new OSHA initiative to increase protections for temporary workers. It was prompted by several temporary worker deaths in the past year. The initiative requires staffing firms and client companies to ensure temporary workers have a safe workplace and necessary safety training. Both entities may now be held liable for violations. Research shows temporary workers have higher injury risks due to lack of safety training and some employers view them as expendable. The initiative aims to address this issue and protect temporary worker safety.
DCR TrendLine March 2014 - Temporary Workforce Insightss
This month’s edition highlights what’s hot for talent acquisition and lists the fastest growing jobs in the country and where they can be found. We also continue this theme of growth by examining the emerging trends driving the increasing use of contingent workforces, particularly in the healthcare industry. And as a continuation of our monthly special feature on the BRIC countries, we turn our gaze to the Sochi Winter Olympics to discover how workers were staffed.
DCR Trendline November 2014 - Non Employee Workforce Insight ss
This document provides a summary of trends in the staffing industry from the editorial staff of DCR TrendLine magazine. It discusses positive economic indicators including job and GDP growth. The unemployment rate dropped to 5.9% while payrolls exceeded expectations. Several industries added jobs including retail, healthcare, and information. The article also discusses wage trends, bonuses, and forecasts hiring growth in Q4 especially in accounting, finance, IT and seasonal retail positions. It highlights the large portion of the workforce consisting of independent contractors and temporary workers.
DCR TrendLine May 2014 - Temporary Workforce Insightss
Can you believe it’s already the second quarter of the year? As the year continues to speed by, this month’s edition of TrendLine focuses on trends and predictions in the talent management industry, by looking at what’s buzzing in HR tech and examining how crowdsourcing is playing a role in the temporary staffing market. Continuing on the theme of technology, we peek at the IT job market to see how and where demand for professionals is growing. We also look into our crystal ball to give you insights into what the staffing landscape will look like in 2022. And this month, we conclude our series on the BRIC countries, by taking a glance at India and it’s potential for temporary work development. At TrendLine, we’re always focused on what’s trending in anything to do with contingent worker supply and demand, and on that note are really excited to unveil a new quarterly topic – What’s Trending in the Temp Market? – that consolidates our research into a short list of critical trends in key talent sectors of the staffing industry. Take a look and let us know what you think!
DCR TrendLine January 2015 - Non Employee Workforce Insightss
DCR TrendLine shares analyses of trends and happenings in the staffing industry. The January issue explores two broad themes: predictions for the upcoming year and worker wellness. We look at trends for 2015 in the IT industry, HR technology, employment and workforce happenings, and talent acquisition. We explore causes of worker burnout, and peek in on the recreational services industry. Our feature article examines the use of big data analysis in the human resources function.
The DCR TrendLine editorial staff would like to extend our wishes to you for a happy and successful new year – full of hope and joy.
Visit the DCR TrendLine website at trendline.dcrworkforce.com to easily access all of our current and previous articles, and view comprehensive charts of real-time trends.
INSIDE THIS ISSUE:
- Top IT Trends for 2015
- Disruptions in HR Technology
- Employment Trends for 2015 and Beyond
- The New Sources of Talent
- Worker Burnout
- Industry Highlight: Recreational Services Index
- Wisdom Comes From Putting Things Together
- 2015 College Grad Prospects
DCR Trendline December 2013 – Contingent Worker Forecast and Supply Reportss
Welcome to the final month of 2013! The staff at TrendLine is pleased to be wrapping up our first full year of publication. It’s been an exciting year in the world of the contingent workforce. In our last issue of 2013 we once again provide you with key insights into the temporary staffing industry. Our thorough research into pivotal trends and current events, along with our in-depth analysis of contingent worker supply and demand, is designed to give you a pulse of the market.
Inside This Issue:
- DCR National Temp Wage Index
- Post Shutdown Impact and Recovery
- OSHA Asked to Further Improve Temp Worker Protections
- TrendLine in 2013
- A Look Back at 2013: Sector By Sector
DCR TrendLine February 2015 - Non Employee Workforce Insightss
DCR TrendLine shares analyses of trends and happenings in the non-employee workforce industry. The February issue looks at minimum wage across the country and employment in the real estate sector. We’re also checking in on the labor markets in Europe. We compare the expectations and realities of the working world for new college grads, and also present what’s trending in Q1 of 2015. Our feature article discusses the importance of paying attention to the perception that candidates have of a company. And discover the questions that arise from the ongoing growth of the non-employee workforce.
The document discusses strategies for employee retention, specifically career development programs. It notes that while salary increases are modest, advancement opportunities are a key reason employees change jobs. It recommends companies focus on mentoring, training, and clear career paths to retain top talent as this allows employees to take on more responsibility and earn higher pay over the long run. Specific tips provided include brainstorming career path programs, discussing mobility during hiring, and promoting success stories to attract candidates.
DCR TrendLine September 2014 - Non Employee Workforce Insightss
This document provides a summary of the September issue of the DCR TrendLine publication. It discusses several topics covered in the issue, including workplace flexibility in the US, a projected global labor shortage, fast growing metro areas for contingent workers, and tips for engaging Generation Z employees. The last article discusses how HR can be organized to meet global objectives while still taking local actions. The publication aims to provide insights into industry trends through in-depth research.
DCR Trendline October 2013 – Contingent Worker Forecast and Supply Reportss
This document provides a summary of the fourth quarter 2013 issue of TrendLine, a contingent worker forecast and supply report. It highlights several key trends in the temporary staffing industry, including an expected surge in demand for temporary workers over the holiday season driving increased employment numbers and wages. Articles examine research showing temporary work can increase job satisfaction and an update on OSHA's initiative to expand protections for temporary workers. It also analyzes the declining US labor force participation rate and its impact, such as potentially hiding the effects of discouraged workers no longer counted in unemployment rates.
Michigan’s top economic leaders today issued a series of findings that forecast the state’s readiness to fill high-paying, high-demand jobs with educated and skilled workers.
And, while data show the state is generally prepared to meet the demand for high-wage jobs over the next three years, the ability to meet demand over the long-term is less certain.
DCR TrendLine February 2014 – Contingent Worker Forecast and Supply Reportss
It’s hard to believe that 2014 is already well underway. In the second month of the year, the staff at TrendLine was hard at work to provide you with key insights into the temporary staffing industry. With thorough research and in-depth analysis of data, we aim to supply you with a pulse of the temporary staffing market. As usual, our articles this month uncover trends in the industry and give you hard, actionable information on contingent workforce supply and demand.
Inside This Issue:
DCR National Temp Wage Index
I-Squared: Spoiling or Saving the U.S. Economy?
Economic Recovery brings Optimism to Temp Employment
Unemployment Crisis: Unearthing the Facts Behind Official Claims
Public or Private: Which Type of Job to Opt for?
The document provides an overview of general interest topics, company news, mergers and acquisitions, and primary sources related to cybersecurity, the economy, and IT. Specifically, it discusses trends in cyber attacks and data breaches globally and in Canada, including a rise in ransomware and human errors contributing to security issues. It also summarizes economic indicators and forecasts for Canada, the US, and various cities, noting contractions in some areas impacted by falling oil prices but growth in others like Toronto. Hiring trends and workforce issues are also covered.
DCR Trendline November 2013 – Contingent Worker Forecast and Supply Reportss
Heading into the end of the year, after a month full of economic uncertainty and fogginess, TrendLine brings you key insights into the temporary staffing industry. Our up-to-date research and in-depth analysis of industry trends ensure that you have a clear reading of what is happening in the world of contingent worker supply and demand.
Inside this issue:
1. DCR National Temp Wage Index
2. The Government Shutdown: A Crisis for Federal Workers
3. Temp Workers: Just in Time Workforce
4. In Lieu of the Jobs Report…
5. Temp Hiring to Grow in Q4
6. World Watch
RemX Workforce Perspectives Newsletter July 2017Saskia Styles
The June jobs report showed strong employment growth in the US economy. The economy added 222,000 jobs in June, more than expected, and job growth was revised upwards for April and May. Several sectors like healthcare, professional services, and manufacturing saw particularly strong growth. The unemployment rate ticked up slightly but this was due to more people entering the workforce, indicating growing optimism in the jobs market. Overall, the strong second quarter jobs reports signal a robust economy, but ongoing challenges like skills shortages could impact future growth.
RemX Workforce Perspectives Newsletter July 2017RemX Staffing
The June jobs report showed strong employment growth in the US economy. The economy added 222,000 jobs in June, more than expected, and job growth was revised upwards for April and May. Several sectors like healthcare, professional services, and manufacturing saw particularly strong growth. The unemployment rate ticked up slightly but this was due to more people entering the workforce, indicating growing optimism in the jobs market. Overall, the strong second quarter jobs reports signal a robust economy, but ongoing challenges like skills shortages could hinder future growth if not addressed.
5 Employment Stats Every Hiring Manager Needs to KnowRobert Half
Learn five key employment stats that can help inform you about the current hiring climate and increase your chances of landing the talent you need to grow your business.
The annual survey examined the pay gap between CEOs of top 100 Canadian companies and workers in 2016. A few key findings:
- CEOs received a total compensation of $821 million, a 7% decrease from 2015. The top 4 sectors (manufacturing, finance, oil & gas, media) received 60% of compensation.
- The average CEO was paid $8.1 million, 163 times more than the average employee's $50,000 salary and 217 times more than an hourly employee's $37,000 wage.
- Pay gaps decreased slightly from 2015 levels but sector analysis found gaps increased in many sectors compared to the national average.
- Sectors with higher gaps included banking
The document summarizes the 2016 Hays Global Skills Index, which analyzes skilled labor markets in 33 countries. Key findings include:
- Skilled labor markets have tightened further globally since 2015, as evidenced by a slight increase in the overall average Index score. This was driven by stronger demand for skilled workers as the global economy recovered.
- The Europe and Middle East region saw the most pressure, with its Index increasing from 5.4 to 5.5. Wage pressures and talent mismatches worsened as skilled labor supply indicators changed little.
- Conditions in the Americas were broadly unchanged, but the US and Canada saw tight markets while Central/Latin America struggled with Brazil's economic turmoil. Skills mismatches grew as unemployment
The document discusses six key workforce trends for 2017: 1) The blended workforce of full-time, freelance, and contract workers will continue to grow as more companies hire flexible talent; 2) Companies will work to improve job applicant and employee experiences to attract and retain top talent; 3) Use of talent analytics to measure and improve hiring will increase; 4) National average starting salaries are up as demand increases for skilled workers; 5) More millennials will move into management roles, focusing on collaboration and transparency; 6) The number of "boomerang" workers who return to former employers will continue rising. Understanding these changing workforce trends is crucial for companies to adapt and survive.
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IPS Group Financial services presentationIPSGroupUK
IPS Group is an international recruitment business specializing in financial services and related fields. They recruit permanent, contract, and temporary employees for clients across sectors including insurance, finance, pensions, and IT. IPS Group understands candidates' skills, experience, and goals to recommend suitable career options. They pride themselves on placing top candidates in financial services jobs of all seniority levels through long-standing client relationships. Due to their expertise, IPS Group often has exclusive senior-level opportunities and an extensive network to help both companies and individuals.
DCR TrendLine January 2015 - Non Employee Workforce Insightss
DCR TrendLine shares analyses of trends and happenings in the staffing industry. The January issue explores two broad themes: predictions for the upcoming year and worker wellness. We look at trends for 2015 in the IT industry, HR technology, employment and workforce happenings, and talent acquisition. We explore causes of worker burnout, and peek in on the recreational services industry. Our feature article examines the use of big data analysis in the human resources function.
The DCR TrendLine editorial staff would like to extend our wishes to you for a happy and successful new year – full of hope and joy.
Visit the DCR TrendLine website at trendline.dcrworkforce.com to easily access all of our current and previous articles, and view comprehensive charts of real-time trends.
INSIDE THIS ISSUE:
- Top IT Trends for 2015
- Disruptions in HR Technology
- Employment Trends for 2015 and Beyond
- The New Sources of Talent
- Worker Burnout
- Industry Highlight: Recreational Services Index
- Wisdom Comes From Putting Things Together
- 2015 College Grad Prospects
DCR Trendline December 2013 – Contingent Worker Forecast and Supply Reportss
Welcome to the final month of 2013! The staff at TrendLine is pleased to be wrapping up our first full year of publication. It’s been an exciting year in the world of the contingent workforce. In our last issue of 2013 we once again provide you with key insights into the temporary staffing industry. Our thorough research into pivotal trends and current events, along with our in-depth analysis of contingent worker supply and demand, is designed to give you a pulse of the market.
Inside This Issue:
- DCR National Temp Wage Index
- Post Shutdown Impact and Recovery
- OSHA Asked to Further Improve Temp Worker Protections
- TrendLine in 2013
- A Look Back at 2013: Sector By Sector
DCR TrendLine February 2015 - Non Employee Workforce Insightss
DCR TrendLine shares analyses of trends and happenings in the non-employee workforce industry. The February issue looks at minimum wage across the country and employment in the real estate sector. We’re also checking in on the labor markets in Europe. We compare the expectations and realities of the working world for new college grads, and also present what’s trending in Q1 of 2015. Our feature article discusses the importance of paying attention to the perception that candidates have of a company. And discover the questions that arise from the ongoing growth of the non-employee workforce.
The document discusses strategies for employee retention, specifically career development programs. It notes that while salary increases are modest, advancement opportunities are a key reason employees change jobs. It recommends companies focus on mentoring, training, and clear career paths to retain top talent as this allows employees to take on more responsibility and earn higher pay over the long run. Specific tips provided include brainstorming career path programs, discussing mobility during hiring, and promoting success stories to attract candidates.
DCR TrendLine September 2014 - Non Employee Workforce Insightss
This document provides a summary of the September issue of the DCR TrendLine publication. It discusses several topics covered in the issue, including workplace flexibility in the US, a projected global labor shortage, fast growing metro areas for contingent workers, and tips for engaging Generation Z employees. The last article discusses how HR can be organized to meet global objectives while still taking local actions. The publication aims to provide insights into industry trends through in-depth research.
DCR Trendline October 2013 – Contingent Worker Forecast and Supply Reportss
This document provides a summary of the fourth quarter 2013 issue of TrendLine, a contingent worker forecast and supply report. It highlights several key trends in the temporary staffing industry, including an expected surge in demand for temporary workers over the holiday season driving increased employment numbers and wages. Articles examine research showing temporary work can increase job satisfaction and an update on OSHA's initiative to expand protections for temporary workers. It also analyzes the declining US labor force participation rate and its impact, such as potentially hiding the effects of discouraged workers no longer counted in unemployment rates.
Michigan’s top economic leaders today issued a series of findings that forecast the state’s readiness to fill high-paying, high-demand jobs with educated and skilled workers.
And, while data show the state is generally prepared to meet the demand for high-wage jobs over the next three years, the ability to meet demand over the long-term is less certain.
DCR TrendLine February 2014 – Contingent Worker Forecast and Supply Reportss
It’s hard to believe that 2014 is already well underway. In the second month of the year, the staff at TrendLine was hard at work to provide you with key insights into the temporary staffing industry. With thorough research and in-depth analysis of data, we aim to supply you with a pulse of the temporary staffing market. As usual, our articles this month uncover trends in the industry and give you hard, actionable information on contingent workforce supply and demand.
Inside This Issue:
DCR National Temp Wage Index
I-Squared: Spoiling or Saving the U.S. Economy?
Economic Recovery brings Optimism to Temp Employment
Unemployment Crisis: Unearthing the Facts Behind Official Claims
Public or Private: Which Type of Job to Opt for?
The document provides an overview of general interest topics, company news, mergers and acquisitions, and primary sources related to cybersecurity, the economy, and IT. Specifically, it discusses trends in cyber attacks and data breaches globally and in Canada, including a rise in ransomware and human errors contributing to security issues. It also summarizes economic indicators and forecasts for Canada, the US, and various cities, noting contractions in some areas impacted by falling oil prices but growth in others like Toronto. Hiring trends and workforce issues are also covered.
DCR Trendline November 2013 – Contingent Worker Forecast and Supply Reportss
Heading into the end of the year, after a month full of economic uncertainty and fogginess, TrendLine brings you key insights into the temporary staffing industry. Our up-to-date research and in-depth analysis of industry trends ensure that you have a clear reading of what is happening in the world of contingent worker supply and demand.
Inside this issue:
1. DCR National Temp Wage Index
2. The Government Shutdown: A Crisis for Federal Workers
3. Temp Workers: Just in Time Workforce
4. In Lieu of the Jobs Report…
5. Temp Hiring to Grow in Q4
6. World Watch
RemX Workforce Perspectives Newsletter July 2017Saskia Styles
The June jobs report showed strong employment growth in the US economy. The economy added 222,000 jobs in June, more than expected, and job growth was revised upwards for April and May. Several sectors like healthcare, professional services, and manufacturing saw particularly strong growth. The unemployment rate ticked up slightly but this was due to more people entering the workforce, indicating growing optimism in the jobs market. Overall, the strong second quarter jobs reports signal a robust economy, but ongoing challenges like skills shortages could impact future growth.
RemX Workforce Perspectives Newsletter July 2017RemX Staffing
The June jobs report showed strong employment growth in the US economy. The economy added 222,000 jobs in June, more than expected, and job growth was revised upwards for April and May. Several sectors like healthcare, professional services, and manufacturing saw particularly strong growth. The unemployment rate ticked up slightly but this was due to more people entering the workforce, indicating growing optimism in the jobs market. Overall, the strong second quarter jobs reports signal a robust economy, but ongoing challenges like skills shortages could hinder future growth if not addressed.
5 Employment Stats Every Hiring Manager Needs to KnowRobert Half
Learn five key employment stats that can help inform you about the current hiring climate and increase your chances of landing the talent you need to grow your business.
The annual survey examined the pay gap between CEOs of top 100 Canadian companies and workers in 2016. A few key findings:
- CEOs received a total compensation of $821 million, a 7% decrease from 2015. The top 4 sectors (manufacturing, finance, oil & gas, media) received 60% of compensation.
- The average CEO was paid $8.1 million, 163 times more than the average employee's $50,000 salary and 217 times more than an hourly employee's $37,000 wage.
- Pay gaps decreased slightly from 2015 levels but sector analysis found gaps increased in many sectors compared to the national average.
- Sectors with higher gaps included banking
The document summarizes the 2016 Hays Global Skills Index, which analyzes skilled labor markets in 33 countries. Key findings include:
- Skilled labor markets have tightened further globally since 2015, as evidenced by a slight increase in the overall average Index score. This was driven by stronger demand for skilled workers as the global economy recovered.
- The Europe and Middle East region saw the most pressure, with its Index increasing from 5.4 to 5.5. Wage pressures and talent mismatches worsened as skilled labor supply indicators changed little.
- Conditions in the Americas were broadly unchanged, but the US and Canada saw tight markets while Central/Latin America struggled with Brazil's economic turmoil. Skills mismatches grew as unemployment
The document discusses six key workforce trends for 2017: 1) The blended workforce of full-time, freelance, and contract workers will continue to grow as more companies hire flexible talent; 2) Companies will work to improve job applicant and employee experiences to attract and retain top talent; 3) Use of talent analytics to measure and improve hiring will increase; 4) National average starting salaries are up as demand increases for skilled workers; 5) More millennials will move into management roles, focusing on collaboration and transparency; 6) The number of "boomerang" workers who return to former employers will continue rising. Understanding these changing workforce trends is crucial for companies to adapt and survive.
Vim quod molestiae in? Pericula intellegebat an cum, vix clita feugiat admodum eu. Ad prima aeterno nonumes duo, utinam lobortis no eam, eius fabulas commune mel ut? Graecis patrioque eu vel, ea illum possim vel? Ad oporteat forensibus posidonium cum? Vel nulla dolore facilis ne, ex vix molestie posidonium sadipscing. Eu vis consetetur eloquentiam, mel iudico facete no!
IPS Group Financial services presentationIPSGroupUK
IPS Group is an international recruitment business specializing in financial services and related fields. They recruit permanent, contract, and temporary employees for clients across sectors including insurance, finance, pensions, and IT. IPS Group understands candidates' skills, experience, and goals to recommend suitable career options. They pride themselves on placing top candidates in financial services jobs of all seniority levels through long-standing client relationships. Due to their expertise, IPS Group often has exclusive senior-level opportunities and an extensive network to help both companies and individuals.
This document is a curriculum vitae for Aqeel Akhtar. It includes his contact information, career objective, educational qualifications, professional skills including programming languages and frameworks, work experience as an HTML and PHP developer from 2013 to 2015, personal details like name, date of birth, and address, and a declaration by Aqeel Akhtar that the information provided is correct. It also lists 24 websites that Aqeel has worked on.
Este documento discute la responsabilidad global, individual y empresarial para proteger el medio ambiente a través de protocolos y declaraciones. También cubre temas como la seguridad, salud y descontaminación, así como las sanciones por acciones que causaron desequilibrio ambiental como la sobrexplotación, agotamiento, caza, contaminación y radiación. Finalmente, destaca los efectos de la contaminación sobre la fauna, flora y el suelo.
This document provides a summary of Ecolab's financial performance in 2002. Some key points:
- Net income grew 10% despite challenging economic conditions through aggressive actions and new product introductions.
- Operating income increased 24% to $396 million. Excluding unusual items, pro forma operating income grew 9%.
- The company increased its annual dividend for the 11th consecutive year and completed restructuring plans.
- The discussion also covers Ecolab's critical accounting policies and estimates used in financial reporting.
Members share why they love the Retired Teachers of Ontario so much, including RTO/ERO's group insurance plans, award-winning publications, customer service and travel and volunteer opportunities.
Design Thinking: engage customers like never before.
Inconsistent customer interactions. Undifferentiated touch points. Indifferent customers. If these are business challenges you are facing, it’s time to take a closer look at the customer journey that your business is providing.
Join us in a hands-on, interactive session that will introduce you to a new way of thinking. Design Thinking is a user centric problem-solving mindset that combines empathy, rationality and creativity, and keeps the end-user of your product/service at the center of the design process.
These techniques are being used by the world’s most prolific innovators to deliver powerful interaction experiences across the entire customer journey.
What we covered within the workshop:
1) The basic foundations and benefits of Design Thinking as an innovation process.
2) How to start integrating Design Thinking ideas and techniques into your daily customer interactions.
3) How to use Design Thinking to draw customer journey maps and gain actionable insights.
The document provides an overview of the evolution of the electronic design automation (EDA) industry from the 1960s to present day. It discusses the three generations of EDA companies and tools. The first generation in the 1960s-1980s included companies like Calma and ComputerVision that developed specialized hardware-based tools. The second generation in the early 1980s included software-focused companies like Daisy Systems, Mentor Graphics, and Valid Logic Systems. The third generation from the late 1980s on included industry leaders Cadence, Synopsys, and Mentor Graphics, which developed modern software-based design flows and tools.
Commercial banks are for-profit financial institutions that accept deposits, grant loans, and offer other financial services. There are three main types of commercial banks in India: public sector banks controlled by the Reserve Bank of India, private sector banks registered as limited companies, and foreign banks headquartered abroad. The primary functions of commercial banks are accepting deposits, advancing loans, and creating credit, while secondary functions include cheque clearing, fund transfers, and agency services like collecting payments. Commercial banks also offer electronic banking services like debit cards, credit cards, and internet banking. The largest commercial banks in India are State Bank of India, ICICI Bank, and Punjab National Bank.
We surveyed 11,500 men and women globally to find out what they had to say about gender diversity in the workplace. This Slideshare is a snapshot of the key findings.
For more information, please visit our website: http://gender-diversity.haysplc.com/
You can also access a copy of the full report here: http://www.slideshare.net/HaysWorldwide/hays-global-gender-diversity-report-2016
Surge pricing algorithms automatically increase prices for ride-sharing services like Uber when demand is high and supply is low. This helps ensure reliability of service by incentivizing more drivers to work. While surge pricing has faced legal challenges in some areas for price gouging during emergencies, its legal status varies by location. In the US and some Indian states it is allowed if rates do not exceed government maximums, while other Indian states and countries explicitly ban surge pricing.
Cipla Global Ltd. faces the challenge of balancing its generic drug business with investments in drug discovery to become an innovator. As a large Indian generics manufacturer, Cipla relies on low-cost production but lacks resources for R&D. It could partner with Western companies on drug development and boost overseas sales through acquisitions or building distribution networks abroad. Partnering would help Cipla gain recognition as a research firm and take advantage of the large, low-cost talent pool in India to become more integrated in the global pharmaceutical industry.
DCR TrendLine shares analyses of trends and happenings in the non-employee workforce industry. The May edition looks at wage growth in the United States and employment in the automobile manufacturing sector. We continue our global series on the ASEAN region by looking at the impact on oil prices on Malaysia’s economy. We uncover why recent indexes have been rating the U.S. economy as disappointing. Our feature article discusses the definition of innovation and provides information on how companies can get started on incorporate innovation into their organizations. Finally, we examine how the talent acquisition sector has been disrupted by changes in the way employers access and engage with talent.
DCR National Temp Wage Index
U.S. Economy: Disappointing..?
Wage Growth Across The U.S.
Industry Highlight: Automobile Manufacturing Index
What Do Millennials Want?
Malaysia: Oil Prices Pose Threat to Economy
Innovation as Usual
Recruiting Disrupted,.
DCR Trendline December 2014 Non Employee Workforce Insightss
DCR TrendLine shares analyses of trends and happenings in the staffing industry. The December issue looks to the future to provide predictions for HR in the next decade, and follows-up on our predictions of workforce trends in 2014. We’re also exploring the dynamics of the candidate-driven recruiting market, the top cities for a positive work-life balance, and the difference between talent networks and talent communities. Our industry focus this month is on aerospace employment and workforce challenges.
The DCR TrendLine editorial staff would like to extend our wishes for a happy holiday season with continued peace, joy, and success in 2014!
Visit the DCR TrendLine website at trendline.dcrworkforce.com to easily access all of our current and previous articles, and view comprehensive charts of real-time trends.
DCR Trendline September 2013 – Contingent Worker Forecast and Supply Reportss
We bring you the Trendline Report for September 2013, offering key insights into the temporary staffing industry. Our up-to-date research and in-depth analysis of industry trends ensure that you have a pulse of the market. Rigorous examination of contingent workforce supply and demand provides you with predictive forecasts of wage trends and market status.
DCR TrendLine January 2014 – Contingent Worker Forecast and Supply Reportss
Hello 2014! As we approach a fresh year, the editorial staff at TrendLine is excited to share our analysis and insights into the staffing industry. Our up-to-date research and in-depth analysis of industry trends ensure that you have a clear reading of what’s happening in the world of contingent worker supply and demand and talent acquisition.
- DCR National Temp Wage Index
- 2014: What to Expect in the Workforce
- The Manufacturing Revival
- Temp Jobs Continue Steady Upward Trend
- Special Topic: Brazil e-commerce Market Watch
2016 san diego and national economic update march 9 2016Evan Donaldson
Evan Donaldson, CEO of Talentry, presented an economic update at a PMI meeting on March 10, 2016. The presentation included summaries of key economic indicators such as unemployment, GDP growth, and housing prices. It also provided an overview of Talentry, which offers professional services, project management, training, and staffing. The presentation concluded with a question and answer session.
EVERFI Webinar: Compliance Training in 2017 for Mid-Sized CompaniesMichele Collu
This document summarizes a presentation about compliance training for mid-sized companies. It discusses industry specs and trends for mid-sized businesses, common compliance risks around data security, hiring, and culture, and why effective compliance training is important. Key points include that mid-sized businesses represent a significant portion of the US economy and jobs. Common compliance risks include data breaches, employee misclassification, and issues around culture and workplace conduct. Effective compliance training can help address these risks, reduce liability, and create a better workplace. The presenter recommends training on topics like data security, wage and hour laws, culture, and ethics.
Payoneer freelancer-income-report-2018Lama K Banna
1. The global average hourly rate for freelancers surveyed was $19, with rates varying by field of work and location. Legal services had the highest average at $28 per hour while administrative and customer support had the lowest at $11 per hour.
2. Over half of freelancers were under 30 years old, though older freelancers tended to earn more. The majority held a bachelor's degree or certificate. More than two-thirds of freelancers served clients in North America.
3. On average, women freelancers earned 80% of what men earned globally, though some countries like Bolivia and Indonesia showed about equal rates between men and women. The gender pay gap was most significant in IT & Programming
Connections As A Tool For Growth: Evidence From The LinkedIn Economic GraphLinkedIn
New evidence from LinkedIn’s current network, presented here, demonstrates the economic value of connections. We calculate an “index of connectedness” for each of 275 metro regions in the U.S., based on the average number of connections per LinkedIn member in that region. The higher the index of connectedness, the more dense the connections between LinkedIn members in that region. Using data from the Bureau of Labor Statistics, we calculate the four-year and one-year nonfarm payroll job growth for those metro regions.
This report was authored by Dr. Michael Mandel, with research supported by LinkedIn. November 2014.
The gig economy the economic backbone of the future by brodmin.comMohammadSaifulIslam45
The Gig Economy The Economic Backbone of the Future by brodmin.com
The gig economy represents a free market system in which organizations and independent workers engage in short-term work arrangements.
gig economy
This document summarizes the key findings of a report on the pay gap between CEOs and workers in the Canadian industry in 2014. Some of the main points are:
1) CEOs of the top 100 companies in Canada received total compensation of $759 million in 2013, a 13% increase from 2012. CEOs in the oil and gas, materials, and finance sectors received over half (54%) of the total compensation.
2) The average CEO compensation was $7.4 million, 157 times the average pay of a typical Canadian industry employee ($47,000), and 206 times that of an hourly paid employee ($36,000).
3) Among sectors, the banking sector had the highest CEO
Quarterly Economic Trends for Ohio Oil and Gas Industries - April 2014Marcellus Drilling News
A quarterly report issued by Ohio's Dept. of Jobs and Family Services issues a report on how the Ohio shale industry is faring with respect economic impacts and the number of jobs. The April 2014 edition of that report shows in the two years from Q3 2011 to Q3 2013 core shale-related industry employment (like pipeline construction and well drilling) was up 5,763 (79.0 percent). Employees in core jobs had an average wage of $71,661.
Introducing the Professional Service Maturity ModelJeanne Urich
Introducing the leading Professional Service Maturity model used by over 10,000 service and project-oriented organizations to chart their course to service excellence.
The Hays Global Skills Index is the only comprehensive overview of the professional global labour market and examines the challenges faced by organisations as they search for the most sought-after skills. Our 2017 edition provides an analysis of the employment markets and economic status of countries, featuring insights from Hays experts across the globe.
The document summarizes economic trends and predictions for 2012. It discusses that while the recession officially ended, the recovery has been slow with high unemployment and uncertainty remaining. Most predictions see continued slow growth in the US and advanced economies of around 2% GDP growth or less in 2012. Job growth is expected to remain weak with unemployment projected to stay above 8% through 2016. Housing and state/local government spending are also expected to continue dragging on the economy. However, business investment and emerging markets are predicted to have stronger growth. Overall the outlook remains cautious but a return to recession is not expected.
2018 survey covers how big is the pay gap between the CEOs and all other workers in the Canadian industry as a whole and also in its different sectors.
2019 HRflag Global 50 HR Services Listed CompaniesHRflag
【June 26, 2019, Shanghai】Compiled by HRflag which is a communication platform, digital community and think tank leading in China's HR service industry, the “2019 HRflag Global 50 HR Services Listed Companies” global ranking is officially announced.
The document is a report from Trend Line: Contingent Worker Forecast and Supply Report that contains several articles analyzing trends in the contingent workforce industry. It begins with a note from the editor highlighting the key insights and analyses included in the report. The first article forecasts a slight increase in national temporary wages through April 2013. Subsequent articles examine the correlation between temporary employment and unemployment rates, a case study on a business utilizing temporary workers, trends in elderly care needs, an analysis of workforce-related keywords on websites and social media, issues around supporting cancer survivors at work, and whether growth in temporary employment aligns with long-term economic growth.
The document summarizes key findings from a recent Bureau of Labor Statistics report on employment in July. Some key points:
- Nonfarm payroll employment increased by 162,000 in July and the unemployment rate edged down to 7.4%. Several industries like retail trade and food services saw new job growth.
- The number of long-term unemployed (over 27 weeks) was little changed at 4.2 million, though it has declined by 921,000 over the past year.
- The civilian labor force participation rate was unchanged at 63.4% in July. No significant changes in other employment indicators like involuntary part-time employment or those marginally attached to the labor force were reported.
-
Ardent partners Solution Spotlight on DCR Workforcess
This solution spotlight utilizes Ardent Partners longstanding contingent workforce management ("CWM") technology and best practices research and combines it with Ardent's perspective on the Vendor Management System(VMS) marketplace and recent market conducted on the same topics.The first half of this report highlights the evolution of the non-employee workforce industry,while the second half focuses on a deep profile of solution provider DCR Workforce.
The mobile workforce has become 'business as usual'. In order to get the most value from your talent base, you need to ensure that your workers stay connected regardless of where business takes them. Smart Track is always on, from anywhere, at any time. Users can conduct all transactions - from requirements creation to worker offboarding - using any device, from any location offering an Internet connection.
DCR Trendline August 2013 – Contingent Worker Forecast and Supply Reportss
Each month, DCR Workforce brings you greater insight into the temporary staffing market. The Trendline Report, offered to you at no charge, provides original research and cutting-edge analysis of contingent worker demand and supply, and predictive forecasts of wage trends. We provide the context you need to set the course for what happens next.
Inside This Issue:
DCR National Temp Wage Index
The Temp Workforce: Multiple Angles
What’s Driving the Temporary Workforce?
Temporary Jobs: Hiring is On
VMS and MSP Hit a Plateau
Mission 2015: Buyers – Get Ready, ACA Ahead
The safety, health, and well-being of the workforce must be a high priority in any company’s daily operations. U.S. companies spend $170 billion a year on costs associated with injuries and illnesses sustained on the job, including more than $40 billion a year in worker’s compensation benefits. DCR Workforce helps to reduce these costs by incorporating robust workforce safety protection programs into each of our clients’ contingent workforce management solutions.
The contingent workforce landscape is changing. As the use of temporary workers continues to grow, their impact on your business increases. Program quality, traditionally defined by the speed and cost of using agency contractors, now also addresses the value that an extended workforce can bring to your organization. Smart Track translates volumes of data that you generate each day into the valuable insights you need to drive performance.
Through Smart Track, DCR offers a big data solution - a single platform for viewing and manipulating transactional and interactional data from different areas of your company to evaluate the impact of temporary talent on your overall performance.
DCR Compliance Services bring you peace of mind by safeguarding against the three areas of temporary workforce risks: regulatory non-compliance, failure to comply with corporate policies, and supplier breach of contract.
Our services include classification assessments, reclassification, credentials verification, contract negotiation, certification status monitoring, training and guidance, and auditing services.
DCR's Aerospace & Defense Solutions enable you to prosper in this highly regulated, innovation-driven environment. Innovative approaches to labor sourcing and retention provide needed technical talent. Smart Track modules are custom-made for these highly regulated industries, offering flexible work scheduling and payment processing; built-in DoD, SCA and PCA compliance workflows; and comprehensive procurement and management of SOW project teams.
The document discusses the benefits of exercise for mental health. Regular physical activity can help reduce anxiety and depression and improve mood and cognitive functioning. Exercise causes chemical changes in the brain that may help protect against mental illness and improve symptoms.
White Paper: Complying With Regulations Regarding Temporary Workersss
The use of temporary workers is growing in the United States, now representing 22% of the total workforce. Temporary workers are referred to as freelancers, non-employees, indirect workers, agency contractors, consultants, interns, independent contractors, and many other terms.
FIA officials brutally tortured innocent and snatched 200 Bitcoins of worth 4...jamalseoexpert1978
Farman Ayaz Khattak and Ehtesham Matloob are government officials in CTW Counter terrorism wing Islamabad, in Federal Investigation Agency FIA Headquarters. CTW and FIA kidnapped crypto currency owner from Islamabad and snatched 200 Bitcoins those worth of 4 billion rupees in Pakistan currency. There is not Cryptocurrency Regulations in Pakistan & CTW is official dacoit and stealing digital assets from the innocent crypto holders and making fake cases of terrorism to keep them silent.
Navigating the world of forex trading can be challenging, especially for beginners. To help you make an informed decision, we have comprehensively compared the best forex brokers in India for 2024. This article, reviewed by Top Forex Brokers Review, will cover featured award winners, the best forex brokers, featured offers, the best copy trading platforms, the best forex brokers for beginners, the best MetaTrader brokers, and recently updated reviews. We will focus on FP Markets, Black Bull, EightCap, IC Markets, and Octa.
Digital Transformation and IT Strategy Toolkit and TemplatesAurelien Domont, MBA
This Digital Transformation and IT Strategy Toolkit was created by ex-McKinsey, Deloitte and BCG Management Consultants, after more than 5,000 hours of work. It is considered the world's best & most comprehensive Digital Transformation and IT Strategy Toolkit. It includes all the Frameworks, Best Practices & Templates required to successfully undertake the Digital Transformation of your organization and define a robust IT Strategy.
Editable Toolkit to help you reuse our content: 700 Powerpoint slides | 35 Excel sheets | 84 minutes of Video training
This PowerPoint presentation is only a small preview of our Toolkits. For more details, visit www.domontconsulting.com
Implicitly or explicitly all competing businesses employ a strategy to select a mix
of marketing resources. Formulating such competitive strategies fundamentally
involves recognizing relationships between elements of the marketing mix (e.g.,
price and product quality), as well as assessing competitive and market conditions
(i.e., industry structure in the language of economics).
Part 2 Deep Dive: Navigating the 2024 Slowdownjeffkluth1
Introduction
The global retail industry has weathered numerous storms, with the financial crisis of 2008 serving as a poignant reminder of the sector's resilience and adaptability. However, as we navigate the complex landscape of 2024, retailers face a unique set of challenges that demand innovative strategies and a fundamental shift in mindset. This white paper contrasts the impact of the 2008 recession on the retail sector with the current headwinds retailers are grappling with, while offering a comprehensive roadmap for success in this new paradigm.
Discover timeless style with the 2022 Vintage Roman Numerals Men's Ring. Crafted from premium stainless steel, this 6mm wide ring embodies elegance and durability. Perfect as a gift, it seamlessly blends classic Roman numeral detailing with modern sophistication, making it an ideal accessory for any occasion.
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The 10 Most Influential Leaders Guiding Corporate Evolution, 2024.pdfthesiliconleaders
In the recent edition, The 10 Most Influential Leaders Guiding Corporate Evolution, 2024, The Silicon Leaders magazine gladly features Dejan Štancer, President of the Global Chamber of Business Leaders (GCBL), along with other leaders.
Top mailing list providers in the USA.pptxJeremyPeirce1
Discover the top mailing list providers in the USA, offering targeted lists, segmentation, and analytics to optimize your marketing campaigns and drive engagement.
Recruiting in the Digital Age: A Social Media MasterclassLuanWise
In this masterclass, presented at the Global HR Summit on 5th June 2024, Luan Wise explored the essential features of social media platforms that support talent acquisition, including LinkedIn, Facebook, Instagram, X (formerly Twitter) and TikTok.
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Best practices for project execution and deliveryCLIVE MINCHIN
A select set of project management best practices to keep your project on-track, on-cost and aligned to scope. Many firms have don't have the necessary skills, diligence, methods and oversight of their projects; this leads to slippage, higher costs and longer timeframes. Often firms have a history of projects that simply failed to move the needle. These best practices will help your firm avoid these pitfalls but they require fortitude to apply.
Taurus Zodiac Sign: Unveiling the Traits, Dates, and Horoscope Insights of th...my Pandit
Dive into the steadfast world of the Taurus Zodiac Sign. Discover the grounded, stable, and logical nature of Taurus individuals, and explore their key personality traits, important dates, and horoscope insights. Learn how the determination and patience of the Taurus sign make them the rock-steady achievers and anchors of the zodiac.
Company Valuation webinar series - Tuesday, 4 June 2024FelixPerez547899
This session provided an update as to the latest valuation data in the UK and then delved into a discussion on the upcoming election and the impacts on valuation. We finished, as always with a Q&A
2. It’s hard to believe that 2015 is already halfway over. The staff at DCR TrendLine has been hard at work to provide you with key insights into the non-employee workforce
market. With thorough research and in-depth analysis of data, we aim to give you a pulse of the staffing market. As usual, our articles this month uncover trends in the
industry and provide you with hard, actionable information on non-employee workforce suplly and demand.
The DCR National Temp Wage Index focuses on wage trends over the year, analyzing the use of non-employee workers and tracking related developments in the market.
This month, we look at job growth by industry, examine statistics about the staffing industry, and highlight hourly wage trends for freelancers.
June is considered the month for graduations. As the class of 2015 enters the workforce, we take a look at employment prospects for the new grads.
We’re continuing our global series that focuses on the ASEAN region.This month we examine Indonesia and its slowing economy, and discuss the workforce challenges that
arise due to this.
This month we also present our quarterly topic –“What’s Trending in the Temp Market”– that consolidates our research into a short list of critical trends in key talent sectors
of the industry.
Recently the media and labor experts have been talking about the growing number of freelancers in the workforce. We identify the American cities that possess the most
factors that would appeal to freelancers.
Our industry highlight for June focuses on the oil and gas sector. The DCR TrendLine Oil and Gas Employment Index provides an overview of employment trends in the
industry over the past six years. We also discuss the impact of oil prices on GDP and on employment.
Over the course of the past year, the talent management space has been transforming. We examine four major trends we expect to see become critical to talent
management in the near future.
Our feature article this month hones in on a topic that is becoming very relevant to executives and business leaders – simplicity. We discuss the need to simplify the
workplace and provide some tips on ways to get started.
This edition’s final article focuses on the long-term impact of the devastating earthquakes recently experienced by Nepal. We examine Nepal’s economy before the disaster,
and discuss the effect the damage could have on tourism and the country’s GDP.
Ammu Warrier
Ammu Warrier, President
“
note from the editor
inside this issue “Fallout from the collapse of oil prices and the
surging value of the dollar are weighing on
job creation. Employment in the energy sector
and manufacturing is declining. However, this
should prove temporary and job growth will
reaccelerate this summer.” ~Mark Zandi, Chief
Economist at Moody’s Analytics
1
Note from the Editor..............................................................................................................................................page 1
DCR National Temp Wage Index........................................................................................................................page 2
Employment Prospects for 2015 Grads..........................................................................................................page 8
Indonesia’s Slowing Economy and Workforce Challenges.......................................................................page 14
What’s Trending in the Temp Market – Q2 of 2015....................................................................................page 19
Industry Highlight: Oil and Gas Index.............................................................................................................page 21
4 Talent Management Trends.............................................................................................................................page 26
Simplicity is the Ultimate Sophistication.......................................................................................................page 28
Nepal Earthquake: The Long-Term Economic Impact.................................................................................page 30
Methodology........................................................................................................................................................... page 34
References................................................................................................................................................................page 35
About DCR.................................................................................................................................................................page 36
3. DCR National Temp Wage Index
2
The Bureau of Labor Statistics (BLS) reported that the U.S. economy added 223,000 jobs in April 2015, bringing the unemployment rate down to 5.4 percent from 5.5 percent
in the prior month, its lowest mark since May 2008. Year-over-year, the unemployment rate is down by 0.8 percentage points.
4. DCR National Temp Wage Index
3
Major gains came from professional and business services with 62,000 jobs added, and healthcare and construction with 45,000 jobs added each.
Employment in mining fell by 15,000 jobs, mostly in support and oil and gas extraction.
Monthly Job Gains Over Past Year
Source: BLS
5. DCR National Temp Wage Index
4
Job Gains by Industry in 2015
Source: BLS
Average hourly earnings increased by 3 cents to $24.87. The Payscale Index forecasts a year-over-year growth of 0.7 percent for the second quarter of
2015. In the first quarter of 2015, median weekly earnings of U.S. full-time wage and salary workers rose 1.5 percent year-over-year to $808. For workers
with a bachelor’s degree or higher, the median was $1,227, while for workers with a high school diploma only the median was $669.
Data released by the American Staffing Association (ASA) reveals that U.S. staffing companies employed an average of 3.2 million temporary and contract
workers per week in 2014, up 5.4 percent from 2013.
Staffing Stats
“
“Staffing and recruiting firms are playing an extremely important role in helping millions of Americans in flexible work situations achieve
their goal of bridging to permanent employment. The staffing industry hired 14.6 million people during all of 2014. Most transitioned
quickly to permanent jobs as businesses increased the size of their talent pools. The average length of employment with a staffing firm was
11.3 weeks in 2014, down from 14.3 weeks in 2013.”~Richard Wahlquist, President and CEO of ASA.
6. 5
DCR National Temp Wage Index
In the fourth quarter of 2014, average weekly staffing industry employment grew by 137,100 workers. Temporary and contract staffing sales were also
higher in that period, up 7.9 percent compared to the prior year, totalling $30.54 billion. For the full year of 2014, sales were up 5.7 percent compared to
the year before.
ASA says that while permanent employment is a top priority for many staffing employees, about one in five workers cite scheduling flexibility as a key
reason for choosing temporary work. Over 90 percent of temporary workers believe that staffing work makes them more employable.
Top Occupation Areas for Staffing Workers
Source: ASA
Staffing Stats
5
7. DCR National Temp Wage Index
Middle market companies (MMC) are those businesses with annual revenues that range from $10 million up to $1 billion. In the United States, there are
nearly 200,000 MMCs. Economists consider the activity of this segment to be a good predictor of economic growth, which is not surprising since MMCs
account for one-third of the employment in the country.
A recent survey of America’s MMCs by the National Center for the Middle Market found that revenue growth in the segment has been strong at 7.4 percent
over the last 12 months, but future growth is expected to slow, with a forecast of 5.3 percent in the next year.
Over the past years, MMCs have reported employment growth at a rate of 4.3 percent, while the expectation is that this growth will fall to 3.2 percent over
the next year.
The survey asked respondents to list their greatest internal and external challenges for the near-term (3 months) and long-term (12 months). Internal
challenges centered on staffing and the growth of business, while top external challenges were government regulations and competition.
6
Looking at Middle Market Companies To Forecast U.S. Economic Growth
Source: National Center for the Middle Market
8. 7
DCR National Temp Wage Index
A recent survey of 23,000 freelance workers around the world by Payoneer revealed that the average global hourly rate charged by freelancers is $21.
Almost half of freelancers charge under $10 per hour, while 40 percent charge between $11 and $30, and 18% charge more than $30 per hour.
The survey found that, as expected, certain skill types demand significantly higher rates than others. Freelancers providing legal services charge an average
of $31 per hour, while those working in sales and marketing charge $21 per hour, and those providing writing and translation services charge $17 per hour.
The average worldwide income satisfaction rate was low at 46 percent, which indicates that many freelancers would like to work more hours or charge
higher rates. The highest level of income satisifaction was found in professionals in IT and programming, followed by those in the legal field. The lowest
levels were found among those working in writing and translation, as well as those working the fewest hours per week.
Other key findings from the survey are that freelance professionals work an average of 36 hours per week, and more than 80 percent of those surveyed
work one to three jobs at a time. Almost half of the freelancers find projects via online marketplaces, and the preferred social media channel to promote
freelancing skills is Facebook.
Average Hourly Rates for Freelancers
Source: Payoneer
Average Hourly Freelance Worker Wages
9. Employment Prospects for 2015 Grads
8
June is traditionally the month of graduations. Over the past few years, new college grads have been worried about finding employment of any kind, let
alone in their chosen fields of study. But recently, unemployment has been falling for graduates.
According to a survey by the National Association of Colleges and Employers (NACE), employers are planning to hire 9.6 percent more graduates in the
United States than they did in 2014.
Job Outlook Hiring Projections for Recent Grads, 2011-2015
Source: NACE
What Employers are Looking For
“
“During the recession, many companies may not have focused recruiting efforts on college graduates because of a lack of job openings and
limited turnover. But now we are beginning to see entry-level hiring pick up. Compared to recent years, 2015 graduates can be optimistic in
their job search.”~Evren Esen, Director of Survey Programs at the Society of Human Resource Management
10. Employment Prospects for 2015 Grads
9
Additionally, employers are looking to hire students with degrees in engineering more than any other major. Of the employers surveyed, 72 percent
said they wanted to hire students enrolled in engineering programs.
Academic Discipline
Engineering
Business
Computer Sciences
Accounting
Misc. Majors
Economics
Physical Sciences
Communications
Humanities
Social Sciences
Agriculture
Education
Health Sciences
Percent of of Total Respondants Hiring
72.1%
68.2%
57.8%
50.6%
31.2%
29.2%
23.4%
17.5%
11.0%
10.4%
8.4%
5.2%
3.2%
Employers’Hiring Expectations, by Major
Source: NACE
11. 10
Employment Prospects for 2015 Grads
The survey also asked employers to rank the skills they value most in new hires. Top competencies included critical thinking, problem solving, team
work, professionalism, oral and written communications, information technology application, and leadership.
Approximately 55 percent of employers said they are planning to increase the number of college graduates they hire.
According to a separate report by CareerBuilder, business students are also high in demand. In the report, 38 percent of hiring managers and
human resource personnel surveyed said that business-related majors were the most sought-after academic backgrounds that they were looking to
recruit. Employers viewed education and liberal arts, general studies, and humanities majors as the least attractive academic majors for recruitment
this year.
“Where are the jobs? When you look at it, from a demand standpoint –what types of positions are companies hiring
and then get into the geography of where they need these people – a lot of it is in STEM jobs. If you look at technical
jobs, engineering positions, analyst roles, health care…we’re starting to see movement in those particular jobs.”
~Joanie Courtney, Senior Vice President at Monster
Wage Growth Across States
“
12. 11
Employment Prospects for 2015 Grads
Recent analysis by the Georgetown Center on Education and the Workforce (Georgetown CEW) looks at recent salaries for both undergraduate
degrees and graduate degrees. The degrees earning the highest salaries at the undergraduate level are in engineering.
Salaries For Graduates
Professional and Business Services Employment and Hourly Wages
Source: Georgetown CEW
13. 12
Employment Prospects for 2015 Grads
Graduate school provides an extra salary boost to engineers, but the largest gains are found in fields that did not offer high wages at the
undegraduate degree level, such as history and political science.
Having a higher graduate degree also makes a difference in employment rates, especially for those in the hard sciences and social sciences. A
study by Michigan State University found that opportunities for graduates with bachelor’s degrees grew 16 percent from 2013 to 2015, while
opportunities for MBA candidates were up 38 percent.
Salaries For Graduates
Biggest Salary Increases by Graduate School Fields
Source: Georgetown CEW
14. 1713
Employment Prospects for 2015 Grads
Difference in Unemployment Rate by Level of Degree
Source: Georgetown CES
Salaries For Graduates
15. 14
Indonesia’s Slowing Economy and Workforce Challenges
Indonesia is the largest economy in South East Asia. Combined, the ten economies of the Association of Southeast Asian Nations (Asean) more
than tripled in size between 2003 and 2013. However, in the first quarter of 2015, Indonesia’s economy grew just 4.71 percent, the slowest pace
since 2009. Many economists blame the decline on the new administration of President Joko Widodo. The government blames the weakening
global economy for the sluggish growth. Indonesian producers rely on foreign markets, and similarly the domestic market relies on imported
goods.
The Indonesian rupiah dropped 0.5 percent against the dollar to 13,044 in May 2015. It was the biggest decliner this year among the 11 Asian
currencies that are tracked by Bloomberg.
“Indonesia is looking more ‘fragile’ with each passing day. It’s not just that the economy is slowing sharply, but also
that President Widodo is struggling to assert his authority on Indonesian politics.” ~Nicholas Spiro, Managing Director
of Spiro Sovereign Strategy.
“
17. 16
Indonesia’s Slowing Economy and Workforce Challenges
Indonesia has a young workforce, with over 50 percent of its population, currently the world’s fourth largest, under the age of 30. A study by
Indonesia’s Investment Coordinating Board (BKPM) projects that over the next 50 years the country’s population will experience a ‘demographic
bonus” in which 60 to 70 percent of the population will be within the working age of 15 to 64.
However, as per the World Bank, 40 percent of Indonesians are living on less than $1.80 per day, and a large number of youth entering the
workforce will exacerbate this problem. According to PriceWaterhouseCoopers (PwC), to achieve even a modest target of 6 percent annual GDP
growth, Indonesia will require about 50 million skilled workers. Building a highly skilled and productive workforce will also improve Indonesia’s
competitive advantage in ASEAN by attracting new investments and generating opportunities for growth.
“On the one hand, a war for talent in recruitment will continue to be present in the business; but on the other hand,
companies can also address skills shortages by taking a fresh look at the talent within.” ~Marina Tusin, Partner for
People and Change at PwC Indonesia
“
18. 17
Indonesia’s Slowing Economy and Workforce Challenges
According to the International Labour Organization (ILO), Indonesia finds it difficult to respond to the skills needs of their employers. It is projected
that by 2020, Indonesia will only have 56 percent of the middle managers that companies need to run their businesses. The country has a severe
shortage of skilled labor due to migration of skilled workers to other countries and the lack of capacity to provide training.
Training programs that are available are often out of date, and do not meet the needs of the market. Also training is not accessible by all levels
of the community. The ILO believes that among the largest skills and employability challenges that Indonesia faces, the need for a national skills
development system, linkages between employers and training organizations, and access to skills development rank among the highest.
Today, 97 percent of Indonesia’s citizens receive a primary education, but only 23 percent of students make it to the tertiary level. This is partly due
to the fact that many Indonesians cannot afford tuition or must drop out of school to support their family.
Skills Gap in Indonesia
Educational Attainment
Source: BPS
19. 18
Indonesia’s Slowing Economy and Workforce Challenges
Every year, about 700,000 documented Indonesian workers leave the country to find employment abroad. The primary destinations are the
Middle East and Asia, with the two most common destinations being Malaysia and Saudi Arabia. Data from the National Agency for the Protection
and Placement of Indonesian Migrant Workers (BNP2TKI) found that in 2009 , there were approximately 4.3 million Indonesians working overseas,
contributing around $8.2 billion in remittances to the country’s national economy in 2008. The number of undocumented migrant workers is
estimates to be 2 to 4 times higher. Approximately 75 percent of all documented Indonesian migrant workers are women, with the vast majority
employed as domestic workers.
Just recently, Indonesia’s Minister of Manpower, Muhammad Hanif Dhakiri, implemented a new policy where Indonesia will stop sending
domestic workers to 21 countries. This occurred after the execution of two Indonesian women in April 2015 in Saudi Arabia. These blacklisted
countries include Saudi Arabia, the United Arab Emirates, Qatar, Bahrain, Egypt, Algeria, Iraq, Iran, Kuwaid, Lebanon, Libya, Morocco, Mauritiania,
Oman, Pakistan, Palestine, South Sudan, Syria, Tunisia, Yemen, and Jordon. The country is also planning to tighten placements of domestic workers
in parts of East and Southeast Asia – including Singapore, Hong Kong, and Malaysia – through measures such as auditing domestic help training
centers.
Meanwhile, South Korea has recently invited Indonesian workers to work or train in their country. There are currently about 60,000 Indonesians
working in companies in South Korea, especially in the technology industry. According to Indonesian Vice President Jusuf Kalla, South Korea is one
of the biggest investors in Indonesia and is looking to enhance ties between the two countries through cooperation.
Indonesia’s Migrant Workers
20. 171719
It may seem that there is no connection
between the Internet of Things (IOT)
and HR, but it is a major trend that HR
professionals need to stay alert to.
Technology analyst firm Garner predicts
that soon there will be nearly 30 billion
connected devices within the IoT.Wearable
technology, such as smart glasses, badges,
jewelry, watches, and pens, tie workers to
their organizations. While this innovation
is not ever-present yet, HR will have to
contend with issues around monitoring
workers, such as worker privacy and
security.
Gamification is a hot topic right now in
various areas within the talent management
space. In candidate selection, simple games
can be used to test cognitive capabilities.
And in recruitment, candidates are able to
experience what working for an organization
is like by participating in simulations.
Gamification in performance management
introduces leader boards, points, and badges
that are related to specific desired behavior.
In training, numerous studies have found that
games and simulations are more effective
than traditional classroom learning.
Recently McKinsey & Company released
a study that showed that gender diverse
companies had financial performance that
was 15 percent higher than the national
industry mean. According to McKinsey,
more diverse companies are better able
to win top talent, and improve employee
satisfaction and decision making. Women,
who account for an average of 16 percent
of the members of executive teams in the
Untied States, remain underrepresented
at the top of corporations globally.
Organizations are beginning to
understand the benefits of gender
diversity, and are making it a strategic
priority. Many companies are restructuring
policies and programs to increase
gender neutrality, and implementing
measures to create hiring strategies
and talent pipelines that boost gender
diversity.
At DCR TrendLine, we’re always focused on what’s trending in anything to do with non-employee worker supply and demand. This month, we’re
presenting our quarterly view of pivotal trends in key talent sectors of the staffing industry and human capital management.
#IoT #Gamification #GenderDiversity
What’s Trending in the Temp Market – Q2 of 2015
21. 20
The Best Cities For Freelancing
Freelancing has become a major trend in the business world over the last couple of years. More businesses are starting to realize the value of
employing freelance workers, and more individuals are finding contract work to either supplement or replace their traditional jobs.
Recently Zen99, a company that provides insurance and tax tools to freelancers, analyzed data to discover which cities possessed factors that
would appeal to freelancers. These factors included personal preferences such as climate and proximity to family and friends. They also included
economic realities such as self-employment income, affordability of insurance, cost of living, housing costs, and tax rates. Also taken into
account was the economic robustness of an area, based on employment figures from the U.S. Bureau of Labor Statistics.
Both analyses found Los Angeles, California to be the top city for freelance workers. In Zen99’s calculations, the city’s health insurance is not the
most affordable and median housing costs are among the highest. But Los Angeles is home to the most freelancers in the country. According
to NerdWallet, 17.9 percent of L.A. households reported self-employment income in 2012. Because so many people do freelance work, there
are many facilities and outlets for freelancers to connect and collaborate with others, including coworking spaces and meet-up groups. Gabe
Rosenberg, writer on the blog The Freelancer, attributes much of this freelance work to the movie industry. Indie filmmakers, screenwriters,
actors, and production assistants make up a bulk of the freelance labor in Hollywood.
Interestingly, the only Eastern city found on both lists was Miami, while most cities tended to be on the Western coast of the United States.
In Miami, freelancers make up 14.6 percent of all workers, working in areas such as as fashion, writing, web design, and lifestyle businesses.
Miami is also home to the largest number of foreign-born self-employed workers in the country. Additionally, a new push to bolster the arts and
technology startup scene in the city has lead to the growth of co-working spaces, communities, and events dedicated to a freelance lifestyle.
“It’s already hard enough being an independent contractor. So anything you can do to maximize where you’re living in
terms of cost of living or existing support network is really important for contractors to do.”~Tristan Zier, CEO of Zen99
“
According to Zen99, the 10 best cities for freelancers are:
1. Los Angeles
2. Miami
3. Houston
4. Oklahoma City
5. Dallas
6. Nashville
7. Portland
8. Austin
9. Oakland
10. Tucson
A similar analysis by NerdWallet also looked at similar factors to
discover the best cities for freelancers. Additionally, NerdWallet
looked to see if there were other successful freelancers in the area,
as these cities provide more resources for freelancers and a
sustainable freelance lifestyle.
According to NerdWallet, the top 10 best cities for freelancers are:
1. Los Angeles
2. Portland
3. Miami
4. Austin
5. Nashville
6. Minneapolis
7. Lexington
8. Oklahoma City
9. Seattle
10. Lincoln
22. 21
Industry Highlight: Oil and Gas Index
In 2014, the price of oil crashed and economists expected this would give the economy a boost. However, the oil price drop was followed not by
a boom but rather a slowdown – recent figures revealed that growth in the first quarter of 2015 was only 0.2 percent. Currently, the price of oil
is down more than 40 percent since June of 2014. Employment at U.S. energy companies has dropped by 6,800 jobs so far this year, according
to recently released federal data. And jobs at energy services companies have fallen by about 30,000. Graves & Co., a consulting company in
Houston, says that energy employers have announced 120,000 layoffs around the world.
The oil-rig count has been falling consistently, with over 23 straight weeks of decline. The number of U.S. oil drilling rigs is considered a proxy for
activity in the oil industry. There are now 59 percent fewer rigs working since a peak of 1,609 in October 2014.
Source: BLS
DCR TrendLine Oil and Gas Employment Index
23. 22
Industry Highlight: Oil and Gas Index
The Gross Domestic Product (GDP), which is the total annual output of an economy, is made up of four factors – 1) government spending, 2)
net exports, 3) consumer spending, and 4) investment. While oil prices do not affect government spending, they do have a large impact on the
other factors.
Source: EIA
U.S. Petroleum Transactions
The Impact of Oil Prices on GDP
Source: EIA
24. 23
Industry Highlight: Oil and Gas Index
The Impact of Oil Prices on GDP
Net exports have seen an increase due to lower oil prices. While the United States exports little oil, it imports a lot at approximately 9 million
barrels per day. With oil price at about $60 below its peak, Americans are spending $500 million less abroad every day. Combined with the lower
price of domestically produced oil, economists expected that consumer spending would increase. But due to slow wage growth, it appears that
consumers are reluctant to spend or invest; the monthly growth rate of retail sales has declined in the past few months.
The fourth component of GDP is also slow. From 2010 to 2014, investments in mining exploration, shafts and wells increased by 80 percent.
But now firms are cutting back, with investment in mining structures shrinking to 60 percent in the first quarter of 2015. According to Capital
Economics, this lower investment is enough to subtract 0.8 percent from total GDP growth. Lower investment also means job costs. In March
2015 one of the largest oil states, Texas, saw its largest month-on-month job creation drop since 2009.
“I don’t think we’ve seen the full economic benefits of the fall in the price of oil yet because they’re still working
their way through the system, and it’s a process that could take up to a year from when prices started falling.”
~Jason Furham, Chairman of the White House Council of Economic Advisors
“
25. 24
Industry Highlight: Oil and Gas Index
The Impact of Oil Prices on Employment
While the economy has continued to add jobs, states that rely heavily on the oil industry have experienced significant cuts. Texas was down
25,400 jobs in April 2015, while Oklahoma was down 12,900 jobs. According to Michael Feroli, the Chief U.S. economist at J.P. Morgan Chase, the
scale of job losses in Texas is so large that the state may be in a recession. Over the past four months, cheap oil prices have led to nearly 100,000
losses in industry jobs. Just recently Schlumberger Limited, the world’s largest oil field services company, announced it would slash 20,000 jobs,
citing a 29 percent decline in Q1-2015 profit.
For the 1,800 students in the United States who are expected to graduate this year with a bachelor’s degree in petroleum engineering, prospects
are unfavorable. Enrollment in undergraduate U.S. petroleum-engineering programs has been increasing from 3,710 students in 2008 to 11,400
students this year.
According to Nathan Kelley of Moody’s Analytics, oil job cuts will continue into 2016. He expects net oil industry job losses to total 37,000 for
the remainder of 2015.
“There are too many students coming out looking for jobs. More than three times as many students are graduating
with undergraduate petroleum-engineering degrees than in 2008.” ~Lloyd Heinze, Professor at Texas Tech University
“
26. 25
Industry Highlight: Oil and Gas Index
Women in the Oil Industry
An American Petroleum Institute (API) study conducted in 2014 showed that women make up only 19 percent of the oil industry’s workforce. This
is compared to 47 percent of the overall American workforce.
Some oil companies are taking strides to increase the gender diversity in their workforces. ExxonMobil, for example, holds an annual “Introduce
a Girl to Engineering Day”, where the company sends its female engineers and scientists to middle schools as mentors and instructors, with the
aim of getting female students interested in the subject and preparing them to take courses in high school that will help them study engineering
in college.
The API report predicts that the share of woman in white-collar oil industry jobs will increase, but will decline even further on the
blue-collar side.
The sector’s aging workforce increases the importance of overturning the lack of appeal the industry has to women. Thousands of older
employees are beginning to retire from the oil industry. One survey predicts that 22,000 geoscientists and engineers will leave the oil business
over the next three years, mostly due to retirement. While salaries are well above national average, oil companies are still struggling to
attract workers. Many students stay away from the industry citing environmental concerns and the bad reputation of the industry due to high
gas prices.
Projected Female Job Opportunities in the Oil Industry , 2010-2030
Source: API
27. 26
4 Talent Management Trends
Over the last year, the talent management space has undergone a lot of change. From deeper integration of talent management and training
software to a huge dependence on social recruiting, trends are starting to emerge. Identifying top talent now means looking at new solutions
and offerings, redefining competitive advantage, and restructuring talent strategy.
Trend #1: Managing Confidential Data
The well-publicized recent breaches of employee data in major companies has highlighted the vulnerability of private HR information. Talent
management professionals and IT departments are looking for software that will offer levels of data access for different categories of users.
Trend #2: Mobile Talent Management
Driven by a competitive labor market and the demand for tech-savvy workers, mobile recruiting applications are becoming a must have for
talent management organizations. Also increasing in popularity are mobile learning applications, which offer access to training and
development from anywhere at anytime.
28. 27
4 Talent Management Trends
Trend #3: Engagement and Retention
In December 2014, according to the U.S. Bureau of Labor Statistics (BLS) there were 4.7 million job openings, but more than half of employers
said they could not find qualified candidates. Failure to engage and retain top talent threatens the future growth and competitiveness of both
large and small companies. Multiple surveys indicate that HR leaders feel responsible for building a culture of engagement that will attract and
retain workers.
Trend #4: Talent Strategy
A recent study by the Cranfield School of Management found that many organizations lack a cohesive talent management strategy. While
the topic is discussed about regularly by HR consultants and executives, only 46 percent of the 546 HR and talent management professionals
surveyed said they had a talent management strategy. Of this, only 29 percent felt that their talent management strategy was working well.
According to the study, organizations are increasing their spending on training and development, performance management, and succession
planning. However, they are reducing the amount spent on recruitment, which suggests that companies are focusing on developing internal
talent as their primary tactic for filling key positions.
Current Priorities for Talent Management (percentage of organizations)
Source: Cranfield School of Management
29. 28
Simplicity is the Ultimate Sophistication
A recent report by Deloitte studying people-related issues in 3,300 global corporations found that 74 percent of HR and business leaders
characterized their work environment as either “complex” or “highly complex.”
Research finds that in one day more than 100 billion emails are exchanged, yet only one in seven is critically important. People check their
mobile phones more than 150 times per day. And a study by the National Journal found that 40 percent of workers believe that it is not possible
to succeed at work, earn good wages, and have enough time to contribute to family and the community.
There are many reasons for this work overload, including always-on technology, 24/7 demands, and the abundance of messaging and social
tools available. But another important factor is complexity in work practices, business processes, and job tasks. Driving this complexity in the
work environment are four major factors. First, the technology used to conduct work has become increasingly complex. Second, most companies
are becoming increasingly global with clients, partners, suppliers, and workers all around the world, which calls for conference calls, meetings,
and emails at all hours of the day and night. Third, increased administrative and compliance demands require more time and engagement from
workers. And fourth, businesses processes have become complex, with some large companies reporting more than 4,000 different tasks, rules,
processes, and procedures required to build one major product.
As labor market conditions continue to improve, employers are starting to focus on simplifying the workplace. This requires a sophisticated
evaluation of the details within a program or process, and then eliminating what is not urgently needed. Knowledge@Wharton, the online
business analysis journal of the Wharton School at the University of Pennsylvania, found that 67 percent of senior leaders believe that business
simplicity will be very important in the next three years.
30. 29
“The first way to reduce complexity is to devote serious time and resources to solving the problem. These results show the lack of
attention that complexity has received. This lack of attention cannot continue any longer.” ~Morris Cohen, Professor of Operations and
Information Management at the Wharton School
During the recession, workers were overwhelmed because of the demand to do more with less. For organizations that are looking to create more productive and engaging
workforce environments today, its important to shift gears and concentrate on empowering and equipping workers to do fewer things better.
Executives are starting to realize that simplicity may be one of the most important and underutilized tools in a company. There is opportunity in both simplifying the work
environment and in simplifying the work itself. Experts believe that over the remainder of 2015 and through 2016, companies will take steps to streamline work, reduce
administrative burdens, and simplify complex processes.
Make Simplification a Priority:
In many companies it works well to have the HR department act as the catalyst for the entire organization to declutter by advising businesses on strategies to save time
and reduce the number of emails and meetings. A good way to start is by asking workers about the processes that they think wastes their time and complicates their tasks.
Reduce Unproductive Meetings and Email Overflow:
Currently the average worker spends over one-quarter of their workday reading and responding to emails. Leading companies are starting to change business practices
by stopping emails on weekends and implementing simpler tools. Some companies are event starting to treat“time capital”with the same seriousness as financial capital,
and are working to cut back on unnecessary meetings and conference calls. Maximizing workers’time by reducing the numbers of emails, meetings, and conferences calls
is becoming a critical priority for organizations. The less time people spend on these items, the more productive and focused they are throughout the day.
Remove Low-Value Activities: An easy starting point for simplification is to remove low-value activities that almost always exist in most organizations. For example,
consider how many people are needed to review and sign off on expense reports, or how many times slide decks need to be recviewed before they are presented. If a few
simple tasks can be removed, it creates bandwidth to focus on more substantial work.
Implement Design Thinking:
Design thinking is a process that brings user interface designers, process experts, and graphics specialists together to make work systems more functional and easier to use.
Whole industries are being transformed by technological and design innovations that are aimed at simplifying the way we live and work. For businesses, design thinking
is geared towards rethinking how work gets done. Using a single functional area as an organizational role model, design thinking teams should strive to remove steps and
implement only as much processes and technology as is needed to get the job done.
Invest in More Integrated, Simpler Technology:
Most new technology is packed full of features that most users don’t use or even know exists. And these features are released faster than most people can learn to use
them. Ultimately though, it’s the simplest products that are the most widely used. While new features are exciting and trendy, companies are realizing the need to evaluate
software based on its ease of use. Major technology vendors are actively looking to simplify their applications and tools. Deloitte finds that HR software buyers today are
looking for systems with fewer features and less complexity.
Simplicity is the Ultimate Sophistication
Some Ways to Get Started on Simplifying the Workplace
31. 30
Nepal Earthquake: The Long-Term Economic Impact
The 7.8-magnitude earthquake that struck Nepal in late April 2015 has killed more than 5,500 people, and destroyed or damaged many historic sights. Nepal is home to
seven official U.N. World Heritage sites, four of them in the Kathmandu Valley around the capital. These temples and squares draw hundreds of thousands of tourists, who
fuel a large part of Nepal’s economy.
According to the U.S. Geological Survey’s best estimate, the total economic losses from the damage could be between $1 billion and $10 billion. According to Rajiv Biswas,
chief Asia economist at HIS, rebuilding costs could exceed $5 billion, which is about 20 percent of Nepal’s gross domestic product (GDP). The most recent numbers by the
Nepal government estimate the damage at about $10 billion, nearly half the country’s GDP of $19.2 billion.
HIS Global Insights, a research firm, says that the estimated cost for rebuilding homes, roads, and bridges could run up to $5 billion.
“Almost 100 quakes in the last 24 hours have pushed us 50 years back to the past, in terms of infrastructural damage alone.” ~Mukesh
Khanal, Economist in Nepal’s international development sector
“
32. 31
Nepal Earthquake: The Long-Term Economic Impact
Nepal is already one of the world’s poorest countries. The Himalayan nation was making an effort to move from a “Least Developed Country” to a “Developing Country”
by 2022. Compared to neighboring countries, Nepal’s GDP was expected to grow at a lower pace, due to long-term political turmoil that made investment difficult and an
unemployment rate of over 40 percent. Currently, Nepal’s GDP is less than the GDPs of any of the 50 U.S. states.
Until the 1990s, Nepal’s economy was primarily driven by agriculture, and this sector is still important to the country. However, in recent years, manufacturing and services
sectors have also seen growth. Agriculture now contributes about 33.7 percent to Nepal’s $19 billion economy, while the services sector brings in about 52.2 percent of the
GDP. The services sector encompasses industries such as tourism, hotels and restaurants, construction, real estate, and trade. Industries such as manufacturing and power
contribute about 14 percent to the GDP. However, approximately 75 percent of Nepal’s population of 27 million is still employed in the agriculture sector, according to the
Central Intelligence Agency (CIA).
Source: The World Bank
Nepal’s Economy Pre-Earthquake
33. Nepal Earthquake: The Long-Term Economic Impact
The country’s economy is highly dependent on tourism and remittances. In 2013, remittances accounted for 29 percent of the GDP, due to a huge migration of workers to
foreign countries because of a lack of employment opportunities in Nepal. According to the World Bank, over 25 percent of those living in Nepal are considered
impoverished.
Additionally, Nepal’s currency is pegged to the Indian rupee, which was weakened in 2015. Nepal’s imports have also been growing, increasing an average of 25.9 percent
annually since 2010. This means that there is a large trade deficit, which indicates Nepal’s continued need for foreign exchange.
On the UN’s Human Development Index, which measures life expectancy, education and per capital income indicators, Nepal ranks at 145, lower than Laos, Congo, and
Bangladesh. According to the International Monetary Fund, Nepal has the lowest spending power of any Asian country except Afghanistan.
32
Real Value Added by Economic Sectors
Source: Overseas Development Institute
Nepal’s Economy Pre-Earthquake
“This is a very catastrophic event in a very poor nation. The cost of reconstruction over the next few years will be massive.”~Rajiv Biswas,
Chief Asia Economist at IHS
“
34. 33
Nepal Earthquake: The Long-Term Economic Impact
Three royal plazas – the Durbar Squares of Kathmandu, Patan, and Bhaktapur – are almost completely destroyed.These squares date back to the 5th century, and were home
to Nepal’s royal families until the 1800s. UNESCO, the UN cultural agency, estimates that 80 percent of the temples are significantly damaged.
Economist expect this damage to severely hit tourism, which makes up 8.2 percent of Nepal’s GDP, and 7 percent of total employment. By 2024, this contribution to GDP was
expected to rise to almost 10 percent, according to the World Travel and Tourism Council.
The 25 to 27 mountainous districts ht by the earthquake are popular for tourism-related activities. Nepal’s tourism ministry says that 797,616 tourists visited the country
in 2013, with each spending an estimated US $42.80 per day. Analysts believe this estimate to be conservative because it only covers hotels and restaurants, and does not
include a large number of other direct and indirect sectors. Estimates for the number of Nepalese employed in the tourism industry vary widely, even within the same report,
ranging from 38,148 to 178,000.
Governments of various countries are already issuing travel advisories, encouraging people to cancel all non-essential travel to Nepal for the foreseeable future. The United
States, Britain, India, Australia, and New Zealand have all issued travel advisories.
The Impact of the Damage on Tourism
“Tourism provides more than half a million jobs for the Nepalese.”
~Alok K. Bohara, Economics Professor at the University of New
Mexico and Founding Director at the Nepal Study Centre
“As the country rebuilds, tourism can be expected to pick up
once again. This rebuilding, however, will take several years,
perhaps a decade.” ~Gyan Pradhan, Economics Professor at
Eastern Kentucky University
“
35. 34
methodology
The DCR NationalTempWage Index is developed to assess the relative movements of temporary wage rates in the U.S. economy.The wage
rates for temporary workers or contingent workforce are based on payments made by staffing firms to these workers based upon hours
worked. Data collected from sources such as Bureau of Labor Standards (BLS) and other government sites as well as an internal pool of
staffing companies and consultants, is aggregated and classified based on regions and skill categories, to arrive at an aggregate index.
The baseline for the index is set at 100 for January 2007. Index value for a particular month indicates relative wages with the said baseline
and is representative in terms of direction and scale of change. Five years of data has been included to observe seasonal patterns and
distinguish seasonality from long-term wage movements. The data and the model has been further refined over last six months.
DCR TrendLine combines the exhaustive data from BLS with practical and more recent developments and data from on-field consultants
and clients, to provide timely near-term indications of trends and consistent long-term actionable and objective information.
DCR TrendLine uses multiple economic variables to ensure the robustness of its forecasts and cross-validation of trends.
Key data sources and parameters of interest included and influencing the index are:
Unemployment data
Gross Domestic Product
Prime rate of interest
New and seasonal Job openings
Non Farm employment
Job Openings
All Export
All Import
Average Hourly Earnings of All Employees Total Private
Aggregate consultant data on job market parameters
source data