Research & Best Practices

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

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. This is the first installment of the second volume of HRO Today Flash Reports, which discuss the results of research and editorial papers that address today’s topics of interest in the HR community.

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Sharing the Wealth?

Worker confidence is up, but trust in company leadership is on a steady decline. By The Editors The Worker Confidence Index (WCI) for the third quarter of 2017 increased by 2.8 points after significant drop of 7.9 points in the second quarter. WCI now stands at 102.5. Of the four components of the WCI, only likelihood of promotion rose by 3.2 points in the third quarter of 2017, while other components remained virtually the same. Other indicies—job stability, likelihood of raise, and trust in company leadership—measure similarly to the third quarter of 2016. Workers remain secure about job stability. After a sharp decline in the first quarter of 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 current and near-term financial outlook. Females once again reported higher levels of confidence in job security than males in the third quarter of 2017.

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Driving the Economic Growth Engine

Low unemployment in advanced economies is creating positive change. By The Editors To explore international labor markets, companies must first consult global labor market data. 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 figures, including measures like national gross domestic product (GDP) and unemployment rates over time, from countries across the globe. This data reveals critical information about the state of the talent pool, working conditions, and recruitment needs of various countries and regions. It is an essential tool for predicting fruitful locations for expansion and recruitment, thereby allowing multinational companies to stay competitive in talent acquisition. According to the World Bank’s June 2017 Global Economic Prospects report, global economic growth in 2017 is projected to accelerate to 2.

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Global Unemployment Report: Q3 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 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

Click here to download the shorter, executive summary of the report

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. In addition, the rate of growth in the gross domestic product remains unchanged from the prior quarter.

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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.

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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

Total Talent Acquisition and Management: Uniting a Multifaceted Solution

With Lynne Marie Finn, CEO and President, Broadleaf Results, Inc. (formerly Superior Workforce Solutions, Inc.) There are many approaches to talent management, but Broadleaf Results, Inc. (Broadleaf)—formerly Superior Workforce Solutions, Inc.—has found that separately managed models for acquiring contingent and direct workers are inefficient and outdated. Today, many recruitment and staffing companies are talking about total talent management (TTM) and total talent acquisition (TTA), but there are still separate conversations and actions taking place, rather than the delivery of truly integrated TTA/M solutions. Below, Broadleaf CEO and President Lynne Marie Finn discusses why Broadleaf is integrating delivery strategies to provide a single, unified service to companies looking to improve the way they engage their most valuable resource—talent. Continue reading →

MSPs: Evolving for the Extended Workforce

With Curt Paquette, Chief Operating Officer, GRI

The demand for MSPs is greater than ever, and GRI’s expectations for what their programs will achieve have also risen significantly. Given this climate and the fact that organizations now employ an increasingly diverse mix of internal and external workers, many MSP providers are shifting from traditional MSP offerings to extended workforce solutions. Geometric Results Inc. (GRI) is one such provider. Here Curt Paquette, GRI’s chief operating officer, discusses GRI’s success with extended workforce solutions, how providers can stay relevant in light of these changes to the market, and what the future holds for MSPs.

Click here to read the full interview from GRI

Adding Caregiving Services to Your Relocation Program: the Right Approach

With Scott McCain, President, Paragon Relocation Family is the number one reason that employees turn down a corporate relocation, according to Worldwide ERC®. This is contributing to recruiting issues for many companies in what is already a tight labor market. In 2016, nearly 80 percent of HR leaders reported difficulty in recruiting for high-skilled jobs. Finding the right neighborhood and schools for employees and their families has always been a core part of any successful relocation program, but what about caring for aging parents? Roughly 17 percent of today’s workforce is acting as a caregiver, but with 10,000 baby boomers retiring each day, this percentage will likely increase. Employees are looking for assistance: 68 percent of working caregivers report making sacrifices in their careers in order to care for aging parents. What can organizations do? Scott McCain, President of Paragon Relocation, says that organizations can increase acceptance rates by offering eldercare services to potential relocating employees.

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