Research & Best Practices

Human Resources New Technology Quarterly Summary: Q2 2018

What technological advancements and news happened during the second quarter of 2018?

The rate of advancement in the human capital management (HCM) technology sector is accelerating. In order to track the players and their innovations, HRO Today and Alexander Mann Solutions have partnered to release quarterly reports that summarize trends, funding initiatives and other activities that support product innovation in HR.

The robust rate of advancement in human resources technologies increased during the second quarter, with 57 major announcements documented, compared to 36 in Q1. Three areas of technology development with particularly high levels of activity were: mobile capabilities, Artificial Intelligence (AI), and platforms that facilitate communication between employers and employees/candidates.

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HR and Hiring Managers: Where They Differ and Agree on TA Performance

How do the opinions of HR and hiring managers vary regarding TA processes?

In a time when worldwide unemployment rates are reaching historic lows, recruiters are under increasing pressure to fill positions quickly. Hiring managers, faced with their own challenges, are not always the most sympathetic partners in the hiring process. But how do they really feel about the state of recruiting in their company? How do HR recruiters’ opinions about the internal hiring process vary from opinions of the hiring managers, and how do both groups feel about each other and the support of their mutual goals?

Key takeaways from this report include:

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Global Unemployment Report: Q1 2018

Deploying a global workforce and ensuring access to the best talent is a crucial component of success for many enterprises. Global labor market data is an invaluable tool for multinational HR departments and can be used to inform critical decisions around the best countries and regions in which to grow. PeopleScout, a global provider of RPO, MSP, and total workforce solutions, has partnered with HRO Today Magazine to produce quarterly reports that compile current international labor market data and important trends from the world’s leading economies by country and region.

What else does the report show that impacts HR? Download the full report below to find out.

Download the full report here

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Worker Confidence Index – First Quarter 2018

The Worker Confidence Index (WCI) for the first quarter of 2018 increased by 2.6 points, and has increased in each of the last three quarters.

Of the four components of the WCI, Likelihood of Promotion rose the most, improving by 9.7 points, while the Likelihood of a Raise also improved by 4.6 points. Job Security and The Trust in Company Leadership indices showed modest declines in the quarter, but were similar to the first quarter of 2017.

Concern about job loss is the most important indicator in estimating worker confidence about their current and near-term financial outlook. Women continue to report the highest level of job security since the inception of the study. The percentage of males who felt that they would lose their job decreased slightly in 1Q 2018.

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Human Resources New Technology Quarterly Summary: Q1 2018

The rate of new technologies being developed and companies providing them is increasing annually.  In order to track the players and their innovations, these new quarterly reports will summarize activity in technology advancements and funding initiatives that support product innovation in the HR world.

This year got off to a brisk start, with 36 major technology announcements noted.  Most of these were around funding for small or start-up organizations and included three areas of development:  artificial intelligence (AI), platforms that facilitate communication between employers and employees or candidates, and blockchain technology.

Nearly one-quarter of the announcements cited referenced AI, but what exactly companies actually deliver when they say they’re employing it can vary greatly.

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Bits Don’t Byte: HR Finds Artificial Intelligence a Positive Evolution

Over the last quarter century, advances in technology have dramatically impacted how business is conducted—and talent acquisition has not escaped the wave of transformation.

Initially, recruiters viewed job boards with trepidation, but a decade later, they were as tried and true as the newspaper ads that predated them.  Social media followed, with LinkedIn becoming the dominant player for sourcing.

Now, recruiters are looking to artificial intelligence (AI) to drive the latest evolution in talent acquisition and management.  A tool already being employed by organizations for customer service and marketing, the role of AI will continue to evolve, bringing automation and standardization.

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Global Unemployment Report: Q4 2017

To explore international labor markets, companies must first consult global labor market data. This much-anticipated quarterly report compiles current international labor market figures from countries around the world, including measures like national Gross Domestic Product and unemployment rates, and tracks them over time.

This report also contains a section on the five developed nations most deeply impacted by chronic unemployment.  Further insight into the challenges these countries face and the underlying causes of their struggles with high unemployment rates are explored.

 

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The Worker Confidence Study – Annual Report 2017

The Worker Confidence Index (WCI) decreased by 0.7 points since last quarter and 1.3 points since last year. It now stands at 103.2 after increasing for the past two consecutive quarters.

Of the four components of the WCI, trust in company leadership rose by 3.2 points, while there was a 2.5 percent decline in confidence related to job security.

The decline in the WCI since last year suggests some concerns in worker confidence, specifically related to trust in company leadership – which experienced a significant drop of 3.6 points since the fourth quarter of 2016. Recent volatility in the stock market may contribute to lower worker confidence in 2018, but for now, confidence remains high overall.

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North America Flash Report: How Technology Fully Integrates with Human Resources

HR Technology

Advances in technology, such as social media and sophisticated data-mining software, have taken a lot of the guesswork out of HR and are increasing the speed of finding the right talent. Talent acquisition is rapidly becoming more ‘science’ than ‘art,’ and HR is responding to these changes.

Nearly three-quarters of survey respondents in this report’s study believe that there will be a need for greater technical acumen within just two years, and about 82 percent indicated that integrating automation into the talent acquisition function is very important. Talent acquisition professionals who resist embracing new technology are already becoming obsolete.

Results also show that candidate experience is paramount when integrating technology. Which other factors and specific technologies do HR professionals say are trending to be the most important for the future? Find out in this report.

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Global Unemployment Report: Q3 2017

Global Unemployment Report

To explore international labor markets, companies must first consult global labor market data. This much-anticipated quarterly report compiles current international labor market figures from countries around the world, including measures like national Gross Domestic Product and unemployment rates, and tracks them over time.

This edition of the report also provides a regional synopsis of English proficiency for those countries where English is not the primary language. Most national economies are becoming increasingly dependent on international trade, which represents more than 30-percent of world GDP. English is the common language required for these global transactions.

Download the full report here

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