Research & Best Practices

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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The Worker Confidence Study – Third Quarter 2017

The Worker Confidence Index (WCI) for the third quarter of 2017 increased by 2.8 points after a significant drop by 7.9 points in the prior quarter.

Of the four components of the WCI, likelihood of promotion rose the most, up by 3.2 points in 3Q 2017. The other components remained virtually the same. 

After a sharp decline in 1Q 2017, job security quickly rebounded, and now stands at 104.8, about where it was five quarters ago.  Lack of concern about job loss is the most important indicator in estimating worker confidence about their current and near-term financial outlook.

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The Cost of a Bad Reputation

Cost of a Bad Coporate Reputation

Today it’s important to recognize the impacts of an organization’s reputation on talent acquisition.  Answers to questions like these are paramount:  What’s the impact of a bad corporate reputation on candidates accepting job offers, or how quickly will employees look for a new job in light of a scandal, or which bad behaviors create the most harm to culture and recruiting efforts?

While many believe that the youngest workers, such as Millennials, are most likely to leave a job for a better opportunity, this trend is much less evident for companies with good reputations than bad.  Overall, respondents are much more likely to take a job at a company with a good reputation across all age groups.

In 2017, 91-percent of those under 35 would take a job with a company with a good reputation, but only 73-percent of those under 35 would take a job with a company with a bad reputation. This differences increase as age increases, with 82-percent of the oldest age segment willing to take a job with a company with a good reputation, but only 39-percent willing take a job with a company that has a bad reputation.

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CapRelo Talks Technology in the Mobility Market

With Barry Morris, CEO, CapRelo

Relocation clients and transferees/assignees are on the move, and mobility technology needs to keep up. Whether they’re tracking expenses or communicating information about the new location, today’s global businesses seek solutions that can do all of this and more on convenient and intuitive platforms that make relocation management a breeze. Here, CapRelo CEO Barry Morris shares tips for picking a provider that understands the needs of mobile professionals and uses technology to its advantage.

Click here to read the full interview with CapRelo