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 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 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 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 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 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 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.
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 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
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 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 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 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 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 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.
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 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.
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.
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.
ADJUSTING TO THE CHANGING MARKET
Good News!
Employment numbers revised upward for July and August in the Bureau of Labor Statistic reports and a robust report for September clearly indicate
- The employment landscape is changing as job numbers have been revised upward and the September jobs report showed strong growth.
- The market is becoming more candidate-driven, so companies need to revise hiring strategies to attract candidates, such as considering less experience for roles if it is not essential.
- Using contract staffing/temporary workers is becoming a more viable option, as it allows companies to meet changing staffing needs in a cost-effective way while providing work for candidates. Contract workers are no longer viewed as just secondary employees and many companies expect 50% of their workforce to be contingent hires by 2020.
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.
This document provides a summary of key findings from a survey of over 750 IT professionals in Australia regarding workforce trends and the job market. Some of the main findings include:
- Optimism about the IT job market continues to rise, with 41% feeling optimistic about opportunities compared to 34% one year ago.
- An attractive salary is becoming a more important factor for job seekers, with 24% stating it is the primary reason to apply for a role.
- Recruitment processes are getting faster, with 56% of hires made after one interview. Two-thirds of candidates lose interest if a process takes too long.
- Counteroffers are increasing but most don't work, with only 25
The document discusses the changing nature of the global workforce by 2020 and the challenges it poses for companies. It notes that the workforce will be more diverse in age, nationality, and types of employment relationships. Many companies will need to change their strategies and operations to adapt. However, the research found that for most companies, HR currently lacks the strategic influence, tools, and culture needed to help organizations meet their workforce goals to build a talent pipeline that can address future business needs. Unless companies empower HR and prioritize people management, they may struggle to capitalize on opportunities or respond effectively to risks in the changing employment environment.
This document provides guidance for attracting technical talent. It discusses trends in the technology industry such as data-driven recruiting and the importance of employer branding. The primary challenges for tech businesses looking to hire are a lack of relevant experience and difficulty targeting the right candidates. Developers are motivated by pride in their work, innovation, and accountability. When attracting candidates, companies should provide informative messages and feedback. Budgeting for recruitment requires planning for expenses like job boards, recruiters' salaries, and employer branding events. The key is understanding what motivates technical talent and providing the best possible candidate experience.
The document discusses 5 key trends changing the talent acquisition landscape:
1. Diversity hiring is becoming a priority as companies recognize the benefits of a diverse workforce. However, many organizations still lack concrete plans and fall short of their diversity goals.
2. Technology is playing a bigger role in recruiting through specialized tools that use analytics, AI, and machine learning to increase efficiency.
3. Candidates' overall experience, including those who aren't hired, is becoming important to maintain a positive employer brand and passive talent pool.
4. Online presence and social media are increasingly essential to employer branding and engaging prospective candidates beyond just job postings.
5. Advances in applicant tracking systems allow recruiters to quickly access
Michael Page - Global Employment Trends - Financial Sector 2013Raquel Kroich
3.800 profissionais do Mercado Financeiro foram entrevistados em Março de 2013. Participaram executivos de 47 países, nas Américas, Europa, Oriente Médio, África e Ásia-Pacífico.
O objetivo da pesquisa é entender como os últimos anos em ambiente de crise impactaram o dia-a-dia dos profissionais do mercado financeiro em termos de motivação, salário, pagamento de bônus, oportunidades e carreira, bem como entender como os profissionais avaliam a atual situação e o futuro do mercado financeiro em todo o mundo.
Publicado em junho/2013
This document provides an overview and analysis of salary and employment trends in China based on a study of 385 employers and 2,734 employees across Asia. Some of the key findings include:
- Nearly two-thirds of hiring managers in China plan to increase permanent staff numbers in 2012, indicating positive but cautious hiring intentions.
- Competition for talent is intense, as 61% of employers found it difficult to find the right candidates in 2011. Maximizing the value of new hires is imperative.
- Salaries increased for 70% of respondents in 2011, with 38% seeing increases over 10%. However, 80% of employers worry about losing high performers in 2012.
- Beyond salary, desired benefits include bonuses, increased annual
This document summarizes the key findings of Mercer's 2016 Global Talent Trends study. The study surveyed over 1,700 HR leaders and 4,500 employees across 15 countries and 11 industries. It identified several major workforce trends impacting talent priorities in 2016, including disruptive technology, the multi-generational workforce, and the rise of the freelance workforce. The top five talent priorities for organizations are: building diverse talent pools, embracing the new work equation, architecting compelling careers, simplifying talent processes, and redefining the value of HR. The summary highlights gaps between organizational goals and employee experiences or needs for each priority area.
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.
How important a consideration is ‘building trust’ in your brand’s marketing? And what role does content play in this?
Hosted by Jill Schlesinger, Business Analyst, CBS News, our panel of opinion leaders will help the global financial services marketing community triangulate their trust decisions, incorporating:
• Media Trust: Deidre H. Campbell, Global Chair, Financial Services Sector, Edelman on its new research findings.
• Marketing Trust: Jennifer Grazel, Global Director, Vertical Marketing, LinkedIn Marketing Solutions: Financial Services on the considerations for marketing trust.
• Financial Trust: Is there a trust gap between fintech challengers and incumbent brands? Clayton Ruebensaal, VP of Global Marketing for American Express, and Elyssa Gray, VP of Brand for Betterment discuss.
The document discusses strategies for recruiting high performing insurance producers. It begins by noting the challenges of finding and retaining producers given high turnover rates. It advocates adopting an "always hiring" mentality to recruit younger producers.
It then discusses targeting producers through online channels like LinkedIn that younger job seekers prefer. Mentorship programs are highlighted as important for training new producers. Compensation trends showing younger producers preferring salary over commission are also noted.
The document concludes by discussing a "Moneyball" approach to reduce hiring risks by screening candidates based on proven sales experience and ability to handle rejection, rather than just appearance, to improve retention rates beyond the current average of 22% after 10 years.
Optimizing Your Workforce Productivity & Retention - Human Capital Insights -...ADP, LLC
In this Issue of Human Capital Management Vol. 5: Flexible Work Arrangements: Optimizing Your Workforce Productivity & Retention Five Eco-Friendly Strategies for Global Organizations Data Security Checkup: Protecting Employee Health Information
HR teams face challenges from remote and diverse workforces that require attention. Legacy systems hamper performance and compliance is difficult to manage across regulations. A unified workforce management solution is needed to streamline time tracking, scheduling, and absence management. This will help cut costs, drive productivity, and empower workers while ensuring legal compliance. Adopting data-driven HR strategies and mobile technologies can connect remote teams and improve decision making.
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.
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
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.
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.
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.
ADJUSTING TO THE CHANGING MARKET
Good News!
Employment numbers revised upward for July and August in the Bureau of Labor Statistic reports and a robust report for September clearly indicate
- The employment landscape is changing as job numbers have been revised upward and the September jobs report showed strong growth.
- The market is becoming more candidate-driven, so companies need to revise hiring strategies to attract candidates, such as considering less experience for roles if it is not essential.
- Using contract staffing/temporary workers is becoming a more viable option, as it allows companies to meet changing staffing needs in a cost-effective way while providing work for candidates. Contract workers are no longer viewed as just secondary employees and many companies expect 50% of their workforce to be contingent hires by 2020.
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.
This document provides a summary of key findings from a survey of over 750 IT professionals in Australia regarding workforce trends and the job market. Some of the main findings include:
- Optimism about the IT job market continues to rise, with 41% feeling optimistic about opportunities compared to 34% one year ago.
- An attractive salary is becoming a more important factor for job seekers, with 24% stating it is the primary reason to apply for a role.
- Recruitment processes are getting faster, with 56% of hires made after one interview. Two-thirds of candidates lose interest if a process takes too long.
- Counteroffers are increasing but most don't work, with only 25
The document discusses the changing nature of the global workforce by 2020 and the challenges it poses for companies. It notes that the workforce will be more diverse in age, nationality, and types of employment relationships. Many companies will need to change their strategies and operations to adapt. However, the research found that for most companies, HR currently lacks the strategic influence, tools, and culture needed to help organizations meet their workforce goals to build a talent pipeline that can address future business needs. Unless companies empower HR and prioritize people management, they may struggle to capitalize on opportunities or respond effectively to risks in the changing employment environment.
This document provides guidance for attracting technical talent. It discusses trends in the technology industry such as data-driven recruiting and the importance of employer branding. The primary challenges for tech businesses looking to hire are a lack of relevant experience and difficulty targeting the right candidates. Developers are motivated by pride in their work, innovation, and accountability. When attracting candidates, companies should provide informative messages and feedback. Budgeting for recruitment requires planning for expenses like job boards, recruiters' salaries, and employer branding events. The key is understanding what motivates technical talent and providing the best possible candidate experience.
The document discusses 5 key trends changing the talent acquisition landscape:
1. Diversity hiring is becoming a priority as companies recognize the benefits of a diverse workforce. However, many organizations still lack concrete plans and fall short of their diversity goals.
2. Technology is playing a bigger role in recruiting through specialized tools that use analytics, AI, and machine learning to increase efficiency.
3. Candidates' overall experience, including those who aren't hired, is becoming important to maintain a positive employer brand and passive talent pool.
4. Online presence and social media are increasingly essential to employer branding and engaging prospective candidates beyond just job postings.
5. Advances in applicant tracking systems allow recruiters to quickly access
Michael Page - Global Employment Trends - Financial Sector 2013Raquel Kroich
3.800 profissionais do Mercado Financeiro foram entrevistados em Março de 2013. Participaram executivos de 47 países, nas Américas, Europa, Oriente Médio, África e Ásia-Pacífico.
O objetivo da pesquisa é entender como os últimos anos em ambiente de crise impactaram o dia-a-dia dos profissionais do mercado financeiro em termos de motivação, salário, pagamento de bônus, oportunidades e carreira, bem como entender como os profissionais avaliam a atual situação e o futuro do mercado financeiro em todo o mundo.
Publicado em junho/2013
This document provides an overview and analysis of salary and employment trends in China based on a study of 385 employers and 2,734 employees across Asia. Some of the key findings include:
- Nearly two-thirds of hiring managers in China plan to increase permanent staff numbers in 2012, indicating positive but cautious hiring intentions.
- Competition for talent is intense, as 61% of employers found it difficult to find the right candidates in 2011. Maximizing the value of new hires is imperative.
- Salaries increased for 70% of respondents in 2011, with 38% seeing increases over 10%. However, 80% of employers worry about losing high performers in 2012.
- Beyond salary, desired benefits include bonuses, increased annual
This document summarizes the key findings of Mercer's 2016 Global Talent Trends study. The study surveyed over 1,700 HR leaders and 4,500 employees across 15 countries and 11 industries. It identified several major workforce trends impacting talent priorities in 2016, including disruptive technology, the multi-generational workforce, and the rise of the freelance workforce. The top five talent priorities for organizations are: building diverse talent pools, embracing the new work equation, architecting compelling careers, simplifying talent processes, and redefining the value of HR. The summary highlights gaps between organizational goals and employee experiences or needs for each priority area.
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.
How important a consideration is ‘building trust’ in your brand’s marketing? And what role does content play in this?
Hosted by Jill Schlesinger, Business Analyst, CBS News, our panel of opinion leaders will help the global financial services marketing community triangulate their trust decisions, incorporating:
• Media Trust: Deidre H. Campbell, Global Chair, Financial Services Sector, Edelman on its new research findings.
• Marketing Trust: Jennifer Grazel, Global Director, Vertical Marketing, LinkedIn Marketing Solutions: Financial Services on the considerations for marketing trust.
• Financial Trust: Is there a trust gap between fintech challengers and incumbent brands? Clayton Ruebensaal, VP of Global Marketing for American Express, and Elyssa Gray, VP of Brand for Betterment discuss.
The document discusses strategies for recruiting high performing insurance producers. It begins by noting the challenges of finding and retaining producers given high turnover rates. It advocates adopting an "always hiring" mentality to recruit younger producers.
It then discusses targeting producers through online channels like LinkedIn that younger job seekers prefer. Mentorship programs are highlighted as important for training new producers. Compensation trends showing younger producers preferring salary over commission are also noted.
The document concludes by discussing a "Moneyball" approach to reduce hiring risks by screening candidates based on proven sales experience and ability to handle rejection, rather than just appearance, to improve retention rates beyond the current average of 22% after 10 years.
Optimizing Your Workforce Productivity & Retention - Human Capital Insights -...ADP, LLC
In this Issue of Human Capital Management Vol. 5: Flexible Work Arrangements: Optimizing Your Workforce Productivity & Retention Five Eco-Friendly Strategies for Global Organizations Data Security Checkup: Protecting Employee Health Information
HR teams face challenges from remote and diverse workforces that require attention. Legacy systems hamper performance and compliance is difficult to manage across regulations. A unified workforce management solution is needed to streamline time tracking, scheduling, and absence management. This will help cut costs, drive productivity, and empower workers while ensuring legal compliance. Adopting data-driven HR strategies and mobile technologies can connect remote teams and improve decision making.
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.
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 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.
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 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 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
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 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
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!
The document discusses how the executive, managerial, and professional job market continues to be candidate-driven due to increased job opportunities and talent shortages. Top performers have an advantage with multiple job offers to consider, allowing them to reject less desirable positions. However, retention is challenging for companies as talented candidates feel more confident changing jobs due to lengthy hiring processes and uncompetitive salaries at some employers. Unless companies improve their recruitment and retention strategies, they will struggle to attract and keep top talent in this favorable environment for candidates.
The US unemployment rate fell slightly to 7.3% in August as the economy added 169,000 jobs, below expectations. While retail and healthcare saw gains, information saw losses. The unemployment rate is down from a year ago but long-term unemployment remains high. Job growth was strongest in retail but overall hiring slowed, signaling a weakening labor market.
The survey found that the job market is strongly candidate-driven, with candidates having more options and being able to make more demands. Recruiters reported that many candidates are turning down offers due to other higher offers or compensation and benefits that are lower than expected. Hiring managers are taking a long time to make offers and often lose good candidates. While the job market is challenging for employers, job growth remains strong with new positions and resignations fueling hiring needs.
The document summarizes key findings from the July Bureau of Labor Statistics employment report. It notes that while 162,000 new jobs were added in July and the unemployment rate edged down to 7.4%, many of the new jobs were in lower-paying industries. It also reports that the number of long-term unemployed and marginally attached workers remains high. Overall, the report suggests the job market is not improving rapidly but there was also no clearly negative news that would threaten the Federal Reserve's economic stimulus programs.
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.
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
The document discusses Mark Zuckerberg's hiring rule of only hiring people he would work for and encourages assessing one's own hiring rules. It provides examples of how companies like Google have benefited from reevaluating lengthy hiring processes that deter candidates. Tips are offered for periodically reviewing hiring rules and practices to ensure they attract and retain high-quality talent that is a good fit.
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The document summarizes key findings from a recent Bureau of Labor Statistics report on employment in July. Some key points:
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- 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.
-
6 Recruitment Trends You Can't Ignore in 2015Tam Nguyen
The document discusses 6 recruitment trends that employers cannot ignore in 2015:
1. Focus on employee retention by identifying unhappy workers and top performers who may leave, and finding ways to keep employees satisfied and engaged.
2. Offer competitive wages to attract and retain talent, as compensation is a key factor in job satisfaction.
3. Develop a compelling employer brand through online and social media platforms to enhance your company's image for prospective employees.
4. Prepare for generational shifts as more baby boomers retire and millennials enter the workforce, which will impact hiring and training needs.
5. Plan for a growing gig workforce as more Americans take on freelance and contract work.
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Written by Allan Schweyer - Founder, TMLU
Social media and digital marketing are becoming the new norm in recruiting. Recruiting budgets and volumes are increasing for the first time in 4 years, putting pressure on talent acquisition leaders to scale operations while doing more with less. Competition is the top obstacle to attracting talent, especially for US companies. Social professional networks have become the top source of quality hires, growing 57% over the past 4 years. Employer branding and passive candidate recruitment are also major competitive threats. Mobile recruiting is on the rise as the talent industry embraces new technologies.
Measuring the quality of new hires is important but difficult for many organisations. While nearly all organisations understand the value of measuring quality of hire, less than half have plans to do so. There are several challenges to measuring quality, including collecting relevant data from different systems and ensuring the data is accurate and can be analyzed. However, organisations that measure quality of hire generally see benefits such as increased retention, better performance reviews from managers, and improved productivity among new hires. The first step to measuring quality is to clearly define what constitutes a quality hire based on the organisation's goals and job roles.
Measuring the quality of new hires is important but difficult for many organisations. While nearly all organisations understand the value of measuring quality of hire, less than half have plans to do so. There are several challenges to measuring quality, including collecting relevant data from different systems and ensuring the data is accurate and can be analyzed. However, organisations that measure quality of hire generally see benefits such as increased retention, better performance reviews from managers, and higher productivity among new employees. The first step to measuring quality is to clearly define what constitutes a quality hire based on the organisation's goals and job roles.
WTW: Employers look to modernize the employee value propositioniebanl
Under pressure to modernize and remain competitive in attracting talent, employers are looking to update their employee value proposition (EVP). The rapid rise of technology is disrupting jobs and skills needs. Organizations must actively monitor these changes and adapt their human capital programs. While hiring and turnover are increasing globally, attraction and retention challenges persist, especially for critical skills, high potentials, and top performers. To be successful, organizations must understand what employees truly value for job security and career development. The pace of modernizing EVPs will determine which organizations can best compete for high-value talent.
Recruiter.Com Group Inc is a hiring platform for the network of recruiters. The company empowers businesses to recruit specialized talent faster with virtual teams of recruiters and AI job-matching technology. The Recruiter.com network of over 25,000 small and independent recruiters utilize a web platform, complete with AI-driven job matching, to recruit talent faster.
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DCR Trendline October 2013 – Contingent Worker Forecast and Supply Reportss
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DCR National Temp Wage Index
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DCR National Temp Wage Index
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2. It’s almost the end of the year! As we count down the last few weeks of 2014, the editorial staff at DCR TrendLine is eager to share our analysis and insights into the
hottest trends in the staffing industry. Our research into pivotal developments and current events, along with our in-depth analysis of non employee worker supply
and demand are aimed to give you a pulse of the market.
The DCR National Temp Wage Index focuses on wage trends through the course of the year; analyzing the employment of temporary workers and tracking related
happenings in the industry. This month, we provide an employment outlook for the fourth quarter of 2014, and discuss recent trends and statistics in the temporary
workforce market.
This month we’re looking at a topic that’s become a popular catchphrase in human resources this year – worker engagement. We examine what engagement
really means and why it’s important to companies. We also provide tips on boosting workforce engagement in an organization. Our next article on this subject
investigates the American cities where workers are the most engaged.
November is home to two of the biggest shopping days of the whole year – Black Friday and Cyber Monday! As we head into the busiest shopping period, it’s only
fitting that this month’s industry index focuses on the retail sector. The DCR TrendLine Retail Employment Index provides you with a trend analysis on employment
within the retail industry. Keep an eye out for the section on upcoming seasonal hiring by the country’s largest retailers.
Staffing experts and human resource professionals agree that metrics are important when determining the success of a process or program and finding
opportunities for improvement. While staffing companies recognize the importance of metrics, few are actually tracking important measures of client and
candidate satisfaction. Our article studies which metrics are being tracked by staffing companies and which ones need to be focused on.
The next article looks at the latest Beige Book report from the Federal Reserve Board to discover staffing conditions in major U.S. districts.
Social sourcing has been a major trend for HR this year, with more and more companies adopting social sourcing strategies, tools, and technologies to improve their
talent acquisition. We explore the value that social sourcing provides to organizations in sourcing, developing, and engaging workers, and show how it’s a more
effective means of recruiting in today’s market.
Our feature article this month explores the growing usage of social collaboration tools in the workforce as a means of improving efficiency. Look for the case study
that shows how social collaboration is able to boost worker productivity while reducing costs.
The final article this month focuses on the trends for new innovations in HR technology, including mobile, wearable technology, analytics, and online platforms.
Happy Reading!
Ammu Warrier
Ammu Warrier, President “
NOTE FROM THE EDITOR
INSIDE THIS ISSUE “Job gains remain strong and steady. The pace of
job growth has been remarkably similar for the
past several years. Especially encouraging most
recently is the increasingly broad base nature of
those gains. Nearly all industries and companies
of all sizes are adding consistently to payrolls.”
~Mark Zandi, Chief Economist at Moody’s
Analytics
1
Note from the Editor...............................................................................................................................................page 1
DCR National Temp Wage Index.........................................................................................................................page 2
What is “Engagement”? And Why Does It Matter?.......................................................................................page 5
Worker Engagement by Geography..................................................................................................................page 8
Industry Highlight: Retail Index..........................................................................................................................page 9
What Metrics are Staffing Firms Tracking........................................................................................................page 15
Regional Staffing Highlights................................................................................................................................page 17
Social Sourcing is More Effective.......................................................................................................................page 23
Accomplishment Through Collaboration........................................................................................................page 28
HR’s Tech Revolution.............................................................................................................................................page 31
Methodology........................................................................................................................................................... page 35
References................................................................................................................................................................page 36
About DCR.................................................................................................................................................................page 37
3. “
DCR NATIONAL TEMP WAGE INDEX
In September 2014, according to the U.S. Bureau of Labor Statistics (BLS) the U.S. economy added 19,700 temporary help services jobs, and the number
of temporary help services jobs in August 2014 was revised upward by 17,600.
The unemployment rate dropped to 5.9 percent, while payrolls exceeded expectations with 248,000 jobs added. Professional and business services
added 81,000 jobs. Outside of employment services, 12,000 of that total came from technical consulting services and 6,000 from architectural and
engineering services.
The retail industry grew by 35,000, and healthcare added 23,000 jobs. Information, an industry with little employment gains over 2014, also showed
growth with 12,000 jobs added, of which 5,000 were in telecommunications. Leisure and hospitality added 20,000, construction added 16,000, and
financial activities gained 12,000 jobs.
According to the Commerce Department, the U.S. economy grew at its fastest pace in 2-1/2 years in the second quarter of 2014. The Commerce
Department raised its estimate of gross domestic product to show that the economy expanded at a 4.6 percent annual rate.
“The economy generated a gain of 248,000 jobs in September, faster than the average monthly gain over the past year,
and revisions to July and August were positive. The slower gain initially reported for August now appears to have been
simply an aberration. The continued rapid drop in the unemployment rate increases the odds that reaching the natural
rate of unemployment and the first Fed rate hike will occur in the first half of 2015. The one negative piece of information
from this report is the ongoing weakness in wage growth.” ~The Conference Board
2
4. DCR NATIONAL TEMP WAGE INDEX
3
A recently released national employment report by the Society for Human Resource Management (SHRM) states that 52.2 percent of manufacturing
companies planned to hire in October, and 47.5 percent of service-sector employers planned to add staff.
CareerBuilder’s fourth-quarter 2014 U.S. job forecast survey found that 29 percent of employers plan to add full-time, permanent headcount in the fourth
quarter. In addition, the survey found that 26 percent of employers had plans to hire seasonal workers in the fourth quarter. Popular seasonal positions
included customer service, administrative/clerical, shipping/delivery, accounting/finance, and inventory management.
Research conducted by Richard Curtin, professor and director of surveys at the University of Michigan, projects that the accounting/finance and
information technology sectors will increase staffing in Q4. One-third of companies surveyed had plans to increase the overall size of their accounting,
finance, and IT departments. A large number of them planned to hire more temporary, temp-to-hire, and contract workers in 2015.
A recent survey by Aon Hewitt found that organizations are spending record amounts of their payroll on bonuses. Companies are committing an
average of 12.7 percent of their 2014 payrolls to variable pay, including individual or company-wide performance-based bonuses. The survey of over 1,064
companies found that more than 90 percent offered a variable-pay program. Meanwhile, companies expect base salary increases to grow slightly to 3
percent in 2015.
A SHRM study reported that 74 percent of respondents used market-based pay increases. The use of sign-on/hiring bonuses, spot bonuses, retention
bonuses, and project completion bonuses increased in the past couple of years, suggesting that companies are focusing on employee retention as the
economy continues to improve.
“With many organizations hiring, competition for the best candidates may be heating up. The difficulty filling key jobs may be why rates
for some new-hire positions improved in September for both the manufacturing and service sectors.” ~Jennifer Schramm, Manager of
Workforce Trends at SHRM
Q4 OUTLOOK
BONUSES ARE HIGH“
5. DCR NATIONAL TEMP WAGE INDEX
4
A recent survey by the Freelancers Union found that independent contractors, temporary workers, and those working a second job constitute 34 percent
of the U.S. workforce. According to a report by the National Employment Law Project (NELP) and the National Staffing Workers Alliance (NSWA), about
2.5 percent of all American jobs are in the employment services industry, which includes staffing agencies, professional employer organizations and
employment placement agencies. The number of staffing jobs has reached a record high of 2.8 million people.
A new study by MBO Partners reveals that the number of independent workers in the U.S. will grow to just under 40 million in 2019. The study divided
independent workers into two groups: “solopreneurs” who work 15 hours or more per week and “side-giggers” who work as independent workers for less
than 15 hours a week. According to the survey, there were 17.9 million solopreneurs who generated about $1.1 trillion in total income last year. There are
12.1 million side-giggers.
Just recently the state of California signed a bill into law that will hold companies responsible when their subcontracted temp agencies endanger or
underpay workers. The law is known as Assembly Bill 1897 and is designed to address accountability issues in the temp industry.
AB 1897 will require “the client employer to share with a labor contractor all civil legal responsibility and civil liability” for paying wages to workers.
The bill, which was lobbied for by several labor groups, was met with applause by some parties. A strong advocate, The Teamsters, was pleased with the
passing of the bill. Teamsters President Jim Hoffa said, “Today marks a new era for worker protection in California. No longer can employers hide behind
unscrupulous labor contractors. Workers, no matter if they are temporary or permanent, can hold companies who profit from their labor accountable for
violations in the workplace.”
The bill also had many opponents, including the California Chamber of Commerce who said that the bill would “discourage future growth in this state, and
it will certainly discourage out-of-state companies from locating here.”
U.S. TEMP WORK AT RECORD HIGH
CALIFORNIA LAW TO PROTECT TEMP WORKERS“ “Our study reveals independent work is far from a one-size fits all story. With shades of independence – from solopreneurs to
side-giggers – there is a clear need for a variety of workforce solutions. The study is a wake-up call that at 30 million strong and forecast
to grow to 40 million, the independent workforce is not just here, but here to stay.” ~Gene Zaino, CEO and President at MBO Partners.
6. 5
WHAT IS “ENGAGEMENT”? AND WHY DOES IT MATTER?
Engagement, specifically worker engagement, is one of the most popular catchphrases in human resources this year.
While most companies cite employee engagement as one of their top goals, only few are able to ensure that workers are truly committed to their
organizational goals and values. In the 2014 Deloitte Global Human Capital Trends research study, 78 percent of business leaders rated retention and
engagement as urgent or important.
According to a recent survey by Gallup Inc., only 29 percent of employees in the U.S. and Canada are engaged. And only 13 percent of the total global
workforce is engaged. A 2013 study estimates that low employee engagement costs the U.S. economy between $450 billion to $550 billion annually.
Source: Gallup Inc.
Employee Engagement, 2002 - 2012
7. WHAT IS “ENGAGEMENT”? AND WHY DOES IT MATTER?
Often, managers equate employee engagement to employee happiness or satisfaction. However, it is possible for someone to be happy at work, yet not
be working hard or productively on behalf of the company. Worker engagement is a workplace measure of the emotional commitment a worker has to the
organization and its goals. This means that engaged workers care about their work and the company, and do not work simply for a paycheck or promotion,
but rather on behalf of the organization’s goals.
Research shows that companies with engaged workers have better business outcomes. A Towers Perrin research study shows that companies with
engaged workers have 6 percent higher net profit, and a separate study shows that engaged companies have five times higher shareholder returns over
five years. According to research by Oxford Strategic Consulting, the top 25 percent of companies with the most engaged workers produced twice as much
profit and had 22% higher shareholder returns than the companies with the least engaged workers.
6
Source: Gallup Inc.
Employee Engagement, 2002 - 2012
WHAT IS “ENGAGEMENT”?
8. 7
WHAT IS “ENGAGEMENT”? AND WHY DOES IT MATTER?
TIPS ON BOOSTING WORKER ENGAGEMENT
1) Select the right managers
Companies should actively search for managers who have the unique skills required to effectively manage people rather than simply using
management jobs as promotional rewards for all career paths. Managers should have the right talents for supporting, positioning, empowering, and
engaging their staff.
2) One size does not fit all
According to Gallup’s research on employee engagement, different types of workers need different engagement strategies. For example, generations
near the end of their career tend to be more engaged than those at the beginning. And women have slightly higher engagement rates than men.
Tenure, industry, organizational level, and educational background also make a difference in worker engagement.
3) Consider workplace flexibility options
Research shows that working remotely has a strong correlation with employee engagement. Generally, remote workers are slightly more engaged
and log more hours. Similarly, companies with workplace benefits that promote wellbeing frequently have a more engaged workforce.
4) Don’t implement without first really understanding your workers
Managers often hear stories of what’s worked to boost engagement at other companies, and attempt to mimic that program. However, simply
copying what’s worked for another organization or industry might be not be the best fit for the company. Company leaders should really analyze their
workforce and organizational culture to come up with unique practices that are relevant to their company.
5) Ask for continuous feedback
Asking workers to continuously provide feedback is a great way for managers to understand the pulse of the company. Continuous feedback from
workers allows companies to uncover hidden issues, obtain data on what motivates workers, encourage collaboration, and give the message that
worker opinions are important and that management cares about them.
9. WORKER ENGAGEMENT BY GEOGRAPHY
8
TOP 5 CITIES FOR EMPLOYEE ENGAGEMENT
A recent research study, as part of the determination of Forbes America’s Best Places to Work Initiative, looked at over 40 cities to see where workers
feel the most engaged.
The analysis conducted by Quantum Workplace defined engaged workers as those who spoke highly of their place of employment, exerted extra
discretionary effort into their jobs, and maintained strong interest in staying with their company.
The average percentage for employee engagement in the top five cities was 74.9, nearly seven points higher than the national average. The top city
on the list, Huntsville, Alabama, was also the most improved city, increasing engagement by almost 18 percent from the year before.
1) Lincoln, Nebraska – 57.1% of employees engaged
2) Kansas City, Missouri – 59.6% of employees engaged
3) Minneapolis/St. Paul, Minnesota – 60.7% of employees engaged
4) Albuquerque, New Mexico – 61.2% of employees engaged
5) Las Vegas, Nevada – 61.3% of employees engaged
A separate study on employee engagement by Gallup Inc. found that,
by state, Louisiana leads the country with the highest percentage of
engaged workers at 37 percent, followed by Oklahoma at 36 percent.
The lowest number of engaged workers by state was in Minnesota at 26
percent. Meanwhile, 21 percent of workers in Rhode Island are actively
disengaged, as are 20 percent of workers in New Jersey, Connecticut,
Pennsylvania, New York, Michigan, Vermont, Kentucky, and Illinois.
In terms of industry-based engagement, Quantum Workplace’s 2013 Employee Engagement Trend Report found that real estate,
accommodation and food service, construction, technology, and professional services had the highest levels of engagement. The lowest levels
of engagement were found in healthcare, education, nonprofit, manufacturing, utilities, and public administration.
1) Huntsville, Alabama – 77% of
employees engaged
2) Miami-Dade, Florida – 74.7% of
employees engaged
3) Nashville, Tennessee – 74.4% of
employees engaged
4) Austin, Texas – 74.2% of
employees engaged
5) San Antonio, Texas – 73.5% of
employees engaged
BOTTOM 5 CITIES FOR EMPLOYEE ENGAGEMENT
10. 9
INDUSTRY HIGHLIGHT: RETAIL INDEX
November means that we’re officially in the fall season. It’s time for pumpkins, apple pies, Thanksgiving, and the biggest shopping
days of the whole year – Black Friday and Cyber Monday! It’s only fitting that as we head into the holiday season we take a look at
employment trends in the retail industry.
Although the holidays generally signal low levels of hiring in many industries, it’s the busiest time of year for the retail industry.
Many of the country’s largest employers are retailers. Wal-Mart Stores, which owns Walmart and Sam’s Club, employs roughly 2.2
million people worldwide and is the largest private employer in the United States. Target and Kroger are also among the largest
employers in America.
According to the latest figures from the Bureau of Labor Statistics (BLS), the retail industry gained 35,000 jobs in September 2014.
Food and beverage store added 20,000 jobs. Over the past 12 months, employment in retail trade has increased by 264,000.
Unemployment in the industry was down from a year ago, at 6.1 percent in September 2014.
“Retail offers American workers opportunities other industries simply do not, like the flexibility to supplement family
income while the kids are at school, or to pursue a degree.” ~Matthew Shay, President and CEO of The National Retail
Federation
As per the National Retail Federation, retail is the largest private sector employer in the country, supporting 42 million jobs and
adding $2.6 to the national economy.
DCR TrendLine Retail Employment Index
“
11. INDUSTRY HIGHLIGHT: RETAIL INDEX
IMPACT OF MINIMUM WAGE HIKES
ONLINE VS. BRICK AND MORTAR
10
The minimum wage debate has been a major topic for economists, companies, politicians, and the U.S. population over the course
of the year. Raising the minimum wage is one of the most buzzed about topics in retail employment for 2014. Some experts say that
raising wages will help retailers earn higher revenues in the future, while organizations such as The National Retail Federation have
lobbied against an official wage hike. Gap and Ikea are two retailers who have already announced increases to their own minimum
hourly payments to workers.
Figures from the U.S. Census Bureau show a consistent growth in e-commerce sales, which equaled $75 billion in the second
quarter of 2014, accounting for 6.4 percent of the total U.S. retail sales for that time period. Online sales are also promoting hiring
surges outside of the retail industry, such as FedEx and UPS, which are adding over 50,000 employees each this year.
During the September 2014 back-to-school shopping season, U.S. retailers had their slowest sales since the recession ended in
2009. The back-to-school shopping rush is second only to the holiday season in its importance to retailers. Spending during that
time period rose only 3.1 percent, according to Customer Growth Partners LLC, the smallest increase in more than five years. Store
traffic declined 4.2 percent in July and slipped an additional 4.7 percent in August, according to ShopperTrak.
The e-commerce industry continues to grow. Sales from online shopping have grown 300 percent since the beginning of
2004, according to data from the Department of Commerce. In the third quarter of 2013, total retail sales increased 4.7 percent
year-over-year, while e-commerce sales increased by 18.2 percent during the same time period.
Online retailers continue to introduce innovative ideas to increase speed of delivery, where brick-and-mortar competitors still have
the advantage of same-day service.
DCR TrendLine Retail Trade Wage Index
12. 11
INDUSTRY HIGHLIGHT: RETAIL INDEX
“While the internet has been very effective at competing on price, it has not yet cracked the code of how to
affordably get products to the end consumer on the same day they are purchased.” ~Randy Anderson, Head of CBRE
Research – America
Recently, e-commerce companies that were once digital-only are announcing plans to debut brick-and-mortar stores. Nasty Gal, a
popular online clothing store, announced plans to open a shop in Los Angeles, and beauty retailer Birchbox opened its first store
over the summer in New York. And just in October 2014, online giant Amazon announced plans to open its first brick-and-mortar
store in Manhattan.
Retail companies are investing in increasing their technology innovations to provide a greater customer experience. Macy’s has
spent a lot of money in increasing its e-commerce technology over the recent years, pursuing a ‘digital/brick-and-mortar’ hybrid
business model. The company is testing ideas like same-day delivery, smart dressing rooms, and image search, while also rolling out
Radio Frequency Identification Technology (RFID) to better track the exact location of any given item in the supply chain or in-store.
Beacon, a new type of device that changes the way customers shop in stores and revolutionizes how retailers collect consumer data
and interact with shoppers, is becoming more popular. A beacon is a small wireless device that constantly broadcasts radio signals
to nearby smart phones and tablets. It can help trigger notifications and offers in retail apps, and to target shoppers when they are in
relevant areas of stores. It also helps to collect real-time data from store registers, including shopper information, purchase data, and
spending history. According to Business Insider Intelligence’s forecast, beacons will see triple-digit growth over the next few years.
A study from the A.T. Kearney Omnichannel
Shopping Preferences Study found that
while digital retail is popular, physical stores
continue to be customers’ preferred shopping
channel. The study of 2,500 U.S. shoppers
found that stores play a crucial role in online
purchases, with two-thirds of customers
purchasing online using a physical store before
or after the transaction. According to the study,
brick-and-mortar stores remain the foundation
of retailing.
Consumer Time Spent Shopping, 2013
Source: A.T. Kearney
“
TECHNOLOGY IN THE RETAIL INDUSTRY
13. INDUSTRY HIGHLIGHT: RETAIL INDEX
12
The National Retail Federation (NRF) recently announced that U.S. retailers are expected to hire between 725,000 and 800,000
seasonal workers this holiday season.
Seven of the country’s largest retailers will together add almost 400,000 jobs this winter, with Macy’s leading the nation with an
expected 86,000 job openings.
“These holiday positions offer hundreds of thousands of people the opportunity to turn their seasonal position into a
long-term career opportunity in retail.” ~Matthew Shay, President and CEO of The National Retail Federation
SEASONAL HIRING
Initiatives to Improve Customer Experience in Stores
Source: Business Insider Intelligence “
14. 13
INDUSTRY HIGHLIGHT: RETAIL INDEX “
Announced Seasonal Hiring Plans
SEASONAL HIRING
Source: The Wall Street Journal “ According to consultancy firm Challenger, Gray & Christmas, higher consumer spending and improvement in employment across
the U.S. is motivating retailers to expand holiday hiring this winter. A recent study by Deloitte predicts that holiday spending will
grow by between 4 and 4.5 percent year due to job growth.
“Compared to last year there are just a lot more people who have money in their wallets to spend. This means more traffic in the
stores, and that means retailers need more people.” ~John Challenger, CEO of Challenger, Gray & Christmas
15. INDUSTRY HIGHLIGHT: RETAIL INDEX
14
Seasonal Hiring in Q4
SEASONAL HIRING
43% of retailers expect to add seasonal staff in Q4
16. WHAT METRICS ARE STAFFING FIRMS TRACKING
15
Staffing and recruiting firms, along with their client companies, recognize the importance of tracking metrics for finding ways to save time and money.
Tracking metrics is necessary for measuring the success of recruiting efforts and for identifying areas that need improvement. In the staffing and
recruiting industry, tracking metrics can lead to a whole range of benefits, like helping to improve the relationship between recruiters and hiring
managers, align objectives, and allow staffing agencies to prove credibility to current and potential clients.
However, according to CareerBuilder’s most recent Staffing & Recruiting Pulse Survey, only 14 percent of staffing firms track ‘source of candidates’ and
‘candidates hired’. Also, less than 10 percent track mobile traffic, percentage of candidates redeployed, and candidate and client satisfaction levels!
A 2013 CareerBuilder survey of more than 200 staffing company employees found that the most highly tracked staffing metric among clients is the
number of open requisitions. Findings from the survey reveal that staffing firms place little emphasis on long-term analytics, with 45 percent never
checking their market share. More importantly, nearly a third of staffing firms never check their client Net Promoter Score® (NPS), a measurement of
client and candidate satisfaction levels.
Of candidate metrics, the source of candidate is the most frequently monitored metric by staffing firms, with 41 percent checking it quarterly.
THE METRICS THAT ARE BEING TRACKED
What Metrics are Staffing Companies Checking Every Day?
Source: CareerBuilder
17. WHAT METRICS ARE STAFFING FIRMS TRACKING
16
According to Ere.net, there are three time periods that staffing metrics should cover. The first is historical metrics, which measure the events and data
accrued in the previous year. These metrics should not be used for real-time decision-making but rather for trend analysis. The second is real-time
metrics, which allow staffing professionals to see what is happening currently. And finally, the third time period is predictive metrics. These metrics are
rarely used in the staffing industry but are important to determine what challenges might arise in the future or to identify opportunities.
Source of Candidates and Source of Candidates Hired
Keeping track of where the candidates who are placed come from provides insight into the effectiveness of the tools and software being used and
the productivity levels of recruiters. It also helps staffing agencies gain a better understanding of the best sources of high-quality candidates so that
resources can be allocated to areas where they will be most effective.
Client and Candidate Satisfaction or Net Promoter Score® (NPS)
Tracking the level of satisfaction of clients and placed candidates helps in judging the quality and value being provided by the staffing firm. These scores
also help to identify opportunities to improve the quality of service provided.
Number of Positions Filled
This metric tracks the number of candidate applications accepted for a position by the client in a defined time period. It helps recruiting firms determine
employee turnover and total costs spent annually on new workers.
Percentage of Candidate Redeployed
Knowing how many candidates are reassigned after their initial placement helps to identify the need to follow-up during a placement and at the end of
the assignment.
Position Vacancy Rates
Companies often turn to staffing and recruiting companies to find candidates to fill a position faster and cheaper than internal human resource offices.
Tracking the amount of time a position is vacant allows staffing companies to ensure that they are providing value to clients. Creating a standard vacancy
rate allows recruiters to have goals and benchmarks to measure their performance against.
Mobile Traffic to Firm’s Website
According to Inavero’s 2014 Opportunities in Staffing study, 71 percent of candidates have searched for a job using their mobile phone, and 89 percent
have searched using a tablet. If a good portion of a firm’s website traffic is generated from mobile phones and tablets, it is worth ensuring that the site
is mobile-optimized.
Response Time
Response time measures how quickly a staffing company responds to customer inquiries or orders. Customers highly value rapid responses, especially
in the case of last-minute or urgent staffing needs, so setting response goals and tracking them is important to ensuring customer satisfaction.
TOP METRICS FOR STAFFING COMPANIES TO FOCUS ON
18. 17
“The New York, Cleveland, Chicago, Minneapolis, Dallas, and San Francisco districts characterized their growth rates as
moderate; Philadelphia, Atlanta, St. Louis, and Kansas City reported modest growth. Boston reported that business activity
appeared to be improving, and Richmond reported further strengthening. ~Federal Reserve’s Beige Book, September 3, 2014 “BOSTON
NEW YORK
REGIONAL STAFFING HIGHLIGHTS
Every six weeks, the Federal Reserve Board releases a report describing the current economic condition for each of the Federal Reserve Districts.
According to the most recent release of the Federal Reserve’s Beige Book report, conditions for staffing services are generally positive across all districts.
Nearly all the districts reported difficulties in finding certain types of skilled labor and little change in wage pressures.
Staffing firms cited increased activity with labor demand especially strong in the information technology, software, aerospace, nursing, electronics,
and legal industries. Meanwhile, labor supply is unchanged with continued shortages of high-end technical workers. In order to recruit and engage
these high-skilled workers, staffing firms are expanding their social media outreach programs and investing in technology innovations such as mobile
compatibility.
In August 2014, job numbers from the Bureau of Labor Statistics (BLS) show that Massachusetts lost 5,300 jobs and the unemployment rate was 5.8
percent, below the national unemployment rate of 6.1 percent.
New York employment agencies report that the job market is strengthening. Manufacturing firms continue to add workers and a growing number of
service firms say that they are hiring.
Private employment in New York City rose by 25,000 between June and July 2014, while the unemployment rate fell from 7.9 percent to 7.8 percent.
19. REGIONAL STAFFING HIGHLIGHTS
18
PHILADELPHIA
CLEVELAND
Staffing firms in Philadelphia report modest growth. These companies say that they are adding new clients and are optimistic about revenues through
2014.
In August 2014, employment grew by 0.8 percent year-over-year in Pennsylvania. According to the Federal Reserve Bank of Philadelphia, unemployment
rates for Delaware, New Jersey, and Pennsylvania are expected to remain unchanged in September 2014.
Companies in Cleveland say that while they would like to boost their workforces, they are unable to find qualified talent. Staffing firms report little
change in the number of job openings and in placements.
In 2015, the minimum wage of non-tipped employees in Ohio will increase to $8.10 per hour, and the minimum wage for tipped employees will increase
to $4.05 per hour. According to a recent report from Cleveland State University’s Center for Population Dynamics, Cleveland ranks eighth on a list of
metros with the highest percentage of employed individuals aged 25 to 34 with graduate or professional degrees.
20. 19
RICHMOND
ATLANTA
In Richmond, demand for both temporary and permanent workers has increased slightly in recent weeks. In Maryland, manufacturing, financial services,
technology, and construction companies report growth in hiring. Manufacturers and call centers in North Carolina face issues in finding skilled labor to
fill open positions.
Due to holiday hiring, there are hundreds of seasonal jobs in the retail sector available in Richmond. In August 2014, the unemployment rate in
Richmond was 6.1 percent, while average hourly earnings increased by 0.2 percent
Businesses in the Atlanta district report modest increases in hiring and stable wage growth. Companies say that they have difficulty filling mid-level
positions such as analysts and clinicians, along with positions in trucking, engineering, construction, and information technology. Some businesses
report rising wages and continuing upward wage pressure for high-skill, low-supply job titles.
A recent employment forecast survey revealed that only 22 percent of chief financial officers in metro Atlanta have plans to create jobs in the next six
months. According to BLS, the unemployment rate in Atlanta in August 2014 increased to 8.0 percent from 7.5 percent two months earlier.
REGIONAL STAFFING HIGHLIGHTS
21. 20
CHICAGO
ST. LOUIS
The pace of hiring has slowed, though demand remains strong for skilled workers in professional and technical occupations. Labor shortages have been
reported in manufacturing, construction, transportation, IT, and healthcare. In the trade, transportation, and utilities industries, staffing firms report
increases in billable hours.
In August 2014, employment in the Chicago metro area was up 383,000, with the largest increases in professional and business services. Wages in Illinois
were up 0.7 percent year-over-year.
Wages and employment levels have increased slightly over the past three months. Approximately 61 percent of respondents reported that employment
levels have remained stable year-over-year, while 31 percent report a slight increase. Companies in the healthcare, finance, retail, transportation, and
telecommunications industry say that they have plans for hiring and expansion. Meanwhile, businesses in food, information technology, and new media
services have announced plans to lay off workers.
As of August 2014, the St. Louis metro area remains 33,500 jobs short of its pre-cession peak, while national employment has been above pre-recession
levels since May 2014. A report by the Missouri Economic Research and Information Center (MERIC) predicts that by 2022, jobs in STEM fields will grow
by 12.4 percent in St. Louis and 10.2 percent in Missouri. Boeing is expected to move 500 jobs from the state of Washington to St Louis over the next
three years.
REGIONAL STAFFING HIGHLIGHTS
22. 21
MINNEAPOLIS
KANSAS CITY
The labor market in this region shows signs of gradual tightening. Over half of the respondents expect to retain the same number of full-time employees
on their workforce over the next 12 months, while approximately one third anticipate increased employment. Overall wage increases are moderate,
though some trucking firms note that they have raised wages to attract drivers.
According to recent BLS figures, total non-farm employment in the Minneapolis metro area increased by 2.6 percent In July 2014 year-over-year, with the
largest increases in the manufacturing industry. Average hourly wage in the area is $24.54, above the national average of $22.33.
For some high-skilled positions, wage pressures have increased slightly. Many businesses report difficulty in finding qualified workers across a variety of
skill levels and industries.
A forecast by Frank Lenk, Director of Research Services at Mid-America Regional Council, states that there will be approximately 20,000 new jobs in
the Kansas City area next year. According to the Conference Board, jobs advertised online in the area dropped by 800 to 37,700 from August 2014 to
September 2014. Meanwhile, the Associated General Contractors of America stated that Kansas City was one of 220 U.S. metro areas that had gained
employment in the construction industry, with 1,600 more construction jobs compared to the year before.
REGIONAL STAFFING HIGHLIGHTS
23. 22
DALLAS
SAN FRANCISCO
Employment at most staffing firms increased, though many agencies reported difficulties in finding skilled talent. Staffing services firms say that wage
pressures remain strongest for skilled positions, particularly with upward pressures in the manufacturer sector and energy industry.
As discussed in October’s edition of DCR TrendLine in “Temp Employment at an All-Time High”, Dallas has had a large growth in the temp sector, creating
almost 24,000 temp jobs in the year ending July 2014. In August 2014, the Texas economy added 20,100 jobs to rank third nationally in job growth.
Wages increased at a modest pace, though skilled construction workers and technical workers in the computer industry experienced higher wage gains.
Additionally, there is upward pressure on salaries for entry-level positions in the finance industry.
The latest figures from BLS indicated that total non-farm employment in the San Francisco area increased by 2.7 percent in August 2014 year-over-year.
In August 2014, unemployment in the metro area was down to 4.5 percent from 4.8 percent in the month before.
REGIONAL STAFFING HIGHLIGHTS
24. 23
SOCIAL SOURCING IS MORE EFFECTIVE
Technology and the increased usage of social media are transforming the recruitment industry, allowing companies to reach targeted candidates and create new forms of
employer branding while simultaneously cultivating relationships and interaction between job seekers and potential employers.
As companies adopt new software, tools, and methods for screening candidates, and millennials join the workforce in increasing numbers, bringing with them different
ideas about what jobs are and how to apply for them, the recruiting landscape will continue to shift over the coming years.
Forward-thinking HR leaders are making the connection between having a solid social media strategy and finding top talent. Employees and skilled candidates are
requesting to view job postings on mobile devices, collaborate with peers from anywhere at any time, and provide feedback with the click of a button. According to a survey
by Microsoft of 9,000 workers across 32 countries, 31 percent would be willing to spend their own money on a new social tool if it made them more efficient at work.
In order to compete in a tight market for the best talent, HR departments will have to leverage all forms of social collaboration to re-imagine how they source, develop, and
engage workers.
According to PwC’s global CEO study, 66 percent of CEOs say that the absence of necessary skills is their biggest talent challenge. Approximately 83 percent of them say they
are working on changing their recruiting strategies to address this issue.
Platforms that utilize big data analysis are able to find new talent before they even apply, by analyzing LinkedIn profiles, Twitter feeds, Facebook postings, and activities on
specialty sites specific to occupation, such as GitHub and Dribble. This proactive approach to recruitment is creating a shift in candidate sourcing where candidates are found
and evaluated by their merits and contributions, as opposed to how well they sell themselves in an interview.
Big data in recruitment enables employers to access all candidates for any role by combining Applicant Tracking System (ATS) data with data from other sources such as job
boards, social media, and vendors in one place for easy and comprehensive sourcing. It also enables users to view all available information about candidates in easy-to-use
formats, including skills listings, resumes, applications, and social profiles.
The goal of big data in recruiting is to locate hard-to-find talent that is invisible to conventional sourcing channels. Sophisticated talent exchange platforms consider the
experience and history mentioned in profiles, the breadth and depth of networks, and frequency of activity, giving companies the opportunity to find and engage passive
candidates faster.
EMBRACING BIG DATA
25. 24
SOCIAL SOURCING IS MORE EFFECTIVE
With the growth of social media and the visibility and importance of employment brand, companies have shifted from candidate relationship management towards building
talent networks. These talent networks go beyond being a place to post a job opening to becoming a community of fans, candidates, workers, alumni, and even customers.
Well-maintained talent networks lead to many benefits for employers, including less time and money spent on job boards and advertising, with more time to pull in passive
candidates. It also increases the quality of job applicants and provides the opportunity for more interaction with candidates.
According to the ADP Research Institute, talent networks provide a platform for building relationships and engaging a large volume of candidates in a low-cost, highly
efficient way.
According to the 2014 Job Seeker Survey by Jobvite, candidates who look for jobs via social networks are younger, wealthier, and more highly educated. Approximately 25
percent are between the ages of 30 to 39, 30 percent earn over $100,000 per year, and 21 percent are college grads.
Among the social networks, 76 percent of social
job seekers found their current position through
Facebook, and 22 percent have shared a job
opportunity with a Facebook contact. LinkedIn is the
most popular network for most job-seeking activity,
while Twitter is the place they turn to ask others for
help and advice.
Social Job Seeker Demographics
CORPORATE TALENT NETWORKS
THE GROWING USE OF SOCIAL MEDIA FOR SOURCING
Source: Jobvite
26. 25
SOCIAL SOURCING IS MORE EFFECTIVE
Most Popular Social Networks
Source: Jobvite
While more candidates are using Facebook, recruiters prefer LinkedIn when searching for candidates. Approximately 94 percent of recruiters are active on Linkedin, only 36
percent of job seekers are. According to Herd Wisdom, 89 percent of recruiters have hired a candidate through Linkedin.
27. 26
SOCIAL SOURCING IS MORE EFFECTIVE
LinkedIn Remains at the Top
Source: Sourcecon
28. 27
THE EFFECTIVENESS OF SOCIAL SOURCING
The Aberdeen Group’s 2013 Talent Acquisition Survey found that top-performing recruiters found social sourcing to be more effective than traditional
means in identifying viable candidates and developing relationships with passive candidates. Sourcing professionals also revealed that social networks
were dramatically more effective in time to hire and cost per hire versus companies who did not use social networks.
SOCIAL SOURCING IS MORE EFFECTIVE
Social Networking’s Effectiveness
Source: Aberdeen Group
29. ACCOMPLISHMENT THROUGH COLLABORATION
Social collaboration is becoming increasingly important within companies. According to a research study by Salesforce, 86 percent of executives cite lack of collaboration or
ineffective communication as a major reason for workplace failures. And McKinsey Global Institute says that failing to implement social technology makes high-skill workers
and management 20 to 25 percent less productive.
According to Forbes, firms using social collaboration software see productivity enhancements at an average of 12.5 percent. The 2013 Aberdeen Next-Generation
Communications study found that companies identified business collaboration as one of their top business goals. Another follow-up study on the enterprise social
collaboration practices of organizations revealed that the year-over-year impact of enterprise social collaboration on business performance is huge.
Over the past few years, social technology has
evolved from a simple media technology platform
to an important business tool with wide-ranging
capabilities. Social collaboration platforms are
being used in companies to “crowdsource” product
ideas and are a tool for managing procurement and
logistics, allowing instant communication between
different parties on supply chains. Companies
are finding that social technology can be used to
extend the capabilities of high-skilled workers by
streamlining communication and collaboration,
and to promote knowledge sharing by lowering
barriers between functional silos.
The Global CEO Study by IBM found that most
CEOs are beginning to understanding that they
are part of a connected, networked market, and
are prioritizing collaboration over independence.
Approximately 53 percent of CEOs are
partnering with other organizations to innovate,
with this figure moving up to 60 percent for firms
in the government, education, and healthcare
industries. 28
Year-over-Year Performance Change Due to Collaboration
Source: Aberdeen Group
30. “
29
ACCOMPLISHMENT THROUGH COLLABORATION
A study conducted by Gartner states that 80 percent of attempts to gain benefits from social collaboration tools will not be seen until 2015. Gartner attributes this to
inadequate leadership and an over-emphasis on technology, and states that leaders of social business initiatives should focus less on which technology to implement, but
instead focus on identifying social initiatives that will improve work practices for both contributors and managers. According to Gartner, by 2016, approximately 50 percent
of large organizations will have an internal Facebook-like social network, and 30 percent will consider them to be as essential as email and telephone are currently.
“Businesses need to realize that social initiatives are different from previous technology deployments. Traditional technology rollouts, such as
ERP or CRM, followed a ‘push’ paradigm. Workers were trained on an app and were then expected to use it. In contrast, social initiatives require
a ‘pull’ approach, one that engages workers and offers them a significantly better way to work. In most cases, they can’t be forced to use social
apps, they must opt-in.” ~Carol Rozwell, Vice-President at Gartner
After determining business needs and selecting an
attractive, easy-to-use solution, the first step is to
prepare content. The social community being created
should be pre-populated with some starter
information and content to give workers something
to immediately interact with when they first engage
with the tool.
Prior to rolling out to the whole organization, a soft
launch should be planned with a small group of
supporters. This has the dual effect of generating
content and obtaining instant feedback. The launch
of social collaboration networks should be treated
like a new product launch, with marketing
communication through internal communication
channels such as newsletters, emails, etc. After an
organization-wide rollout, engagement should be
monitored closely for the first few weeks post-launch,
and regularly afterwards.
CHALLENGES WITH SOCIAL COLLABORATION
DEPLOYING ENTERPRISE SOCIAL COLLABORATION
31. 30
ACCOMPLISHMENT THROUGH COLLABORATION
There are several steps to successfully drive adoption of social collaboration platforms. First, it is necessary to make it the primary vehicle for communication within the
organization. This means that executives must also use the social technologies themselves as their main communication tool. Second, social collaboration should be
embedded in the corporate culture. Breaking down strict hierarchies and chains of command for information flow will help to promote a culture of knowledge sharing.
Finally, communicating relevance is important so that participants are aware that the information is important to them and will help them be more productive and
successful.
A telecommunications company held a day where their staff of nearly 3,000 was told to work from home for the day using social collaboration tools to work remotely. In
preparation for the day, the company upgraded its virtual private network and network infrastructure, which saw a 155 percent increase in users on the day and a 110
percent increase in VPN data sent across the network.
The company found that:
- $14,000 of worker’s money was saved in reduced telecommuting costs
- Workers spent an extra 1,000 hours working which would normally be spent commuting
- Staff also said they got an additional 1,000 hours of sleep
- More than 36 percent said they were more productive than when at work
- Electricity use was down 12 percent and water use was down 53 percent
DRIVING ADOPTION
SOCIAL COLLABORATION CASE STUDY
32. 31
Changing work environments, technology, a global
economy, and a shrinking workforce are factors that have
pushed the human resources (HR) department to the
forefront of corporate strategy in many companies. HR
executives are increasingly asked to look ahead and
project what things need to be in place to enable their
company to compete effectively.
In 2014, human capital has been one of the largest
investment areas for organizations, and ranks as a top
priority by CEOs across multiple industries. According
to the 2014 Industry Trends in Human Resources
Technology and Service Delivery Survey by Information
Services Group (ISG), the leading area that HR
organizations are focusing efforts on for the next two
years is improving strategic alignment with the business.
This is followed by talent acquisition and retention,
driving business process improvements, and delivering
cost reduction targets.
HR technologists and professionals estimate that HR
technology will be an $8.1 billion dollar industry in 2015,
a growth of nearly $2 billion since 2011.
HR’S TECH REVOLUTION
Source: Human Capital Media Advisory Group
HR Software Planning
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HR’S TECH REVOLUTION
The ISG survey also found that demand for software-as-a-service HCM solutions is growing as Chief HR Officers look to transform their business models while ensuring
a globally consistent user experience, scalable end-to-end processes, improved talent management, better decision making through workforce insight, and highly
configurable solutions that are fast to deploy.
The top concerns about a SaaS model include security and data privacy and inability to customize.
Mobile, social, analytics, and integrated talent management are top priorities for HR technology investment. Research from CedarCrestone in 2014 predicted that mobile
enabled processes will double this year.
Surprisingly, while nearly half of the U.S. population uses a smartphone, according to the 2014 HR technology survey by Human Capital Media Advisory Group, only 19
percent of companies are working on making their systems mobile-friendly. However, when asked what kind of HR software they plan to purchase in the upcoming year,
mobile came in first among respondents.
Social media has become a vital part of HR business processes, especially in recruiting. As talented candidates seek opportunities via work and personal social networks,
recruiters have to jump onboard to participate in social sourcing. While many companies already leverage automated job feeds on social networks to announce openings,
some are now starting to look to social media to cultivate relationships with potential candidates.
Motivations for Moving to Cloud-Based Software Services
DEMAND FOR SAAS GROWING
MOBILE AND SOCIAL
Source: Human Capital Media Advisory Group
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HR’S TECH REVOLUTION
With Apple’s recent release of the iWatch, Smartglasses from Google Glass, and various other companies jumping on the wearable technology wave, industry experts believe
that this technology revolution will become integrated into the workplace in the future. Research firm Gartner forecasts that Google Glass and other “smartglasses” will help
make employees more efficient, adding more than $1 billion per year to company profits by 2017.
Wearable technology could change how organizations collect and access information about their workforce. For example, manufacturing companies could use this
technology to provide location-based information, and health-tracking devices could be used to identify fatigue levels.
An important development in HCM analytics is the introduction of predictive analytics, which helps organizations plan their future workforce needs for both the short and
long-term.
WEARABLE TECHNOLOGY
HCM ANALYTICS
Issues Driving HCM
Analytics Investment
Source: Ventana Research
Human Capital Analytics
Benchmark Research
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HR’S TECH REVOLUTION
According to the Intuit 2020 report, approximately 40 percent of America’s workers will be contingent workers within six years. As more people work independently,
businesses strive to have access to talent and skills while still having a flexible workforce. Industry experts say that one of the areas of growth in HR technology will be online
platforms, where various types of workers can engage to collaborate. Independent worker management solution platforms that enable companies to design and develop
their own talent pools of variously affiliated independent workers are also expected to become important.
As companies’ workforce compositions change to include a growing number of non-employees, finding a technology solution that enables them to engage and manage
talent from a logistics and administrative standpoint becomes important. Of particular interest is the Freelancer Management Solution (FMS) model as it creates a space
where companies, suppliers, and independent workers can engage and establish different types of work arrangements.
These online platforms are the next generation of contingent workforce technology. They serve to give companies direct access to the growing population of talent that
wants to work independently, and the ability to engage and procure the services of these workers faster and more efficiently with reduced costs and time to hire.
ONLINE PLATFORMS
36. METHODOLOGY
The DCR National Temp Wage 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
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SOURCE DATA