In this Flash Report sponsored by AgileOne, we take a look at how employers feel about their brand strength when attracting contingent workers in the North America region. There are approximately 6 million workers classified as contingent in the US, and nearly three-quarters (71 percent) of respondents felt that the contingent workforce is an important part of the employment mix.
When respondents were asked about the importance of employer brand in attracting contingent workers, 60 percent felt as though the employer brand was important; however, this is significantly below the importance attached to attracting and retaining full-time employees.
HRO Today Flash Reports are a series of ongoing research that delivers focused briefs to support business decisions and further discussion among HR practitioners and thought leaders. This latest Flash Report, sponsored by Newton Talent, examines the use and importance of social media as part of a recruitment strategy.
HR departments are now utilizing social media as an essential component of their recruitment strategy, with more than one-half (57 percent) of practitioners surveyed reporting that recruiters find social media as an effective tool. Commons goals of respondents who use social media in recruitment include: promoting jobs openings, building talent pools, reducing costs, and gaining referrals.
The Worker Confidence Index (WCI) for the third quarter of 2018 increased by 3.1 points, and is now at its highest level since the first quarter of 2017. All four components of the WCI saw increases this quarter, with Likelihood of a Promotion rising the most, followed by Likelihood of a Raise and Trust in Company Leadership.
Both men and women continue to feel more confident about getting a raise. Workers remain secure about job stability, which may be due in part to near historically low unemployment rates. Women continue to report higher levels of confidence in job security than men, and the percentage of men who felt concerned about job security decreased from last quarter.
What else does the report show that impacts HR? Click here to download the report.
What role do providers and HR practitioners have in the process of innovation?
Innovations in artificial intelligence and analytics, along with development in cloud, social and mobile technologies, are making HR systems more intelligent and more engaging. In fact, research shows that for just the first three quarters of 2018, there have been over 125 significant product announcements worldwide in the industry.
What technological advancements and news happened during the third quarter of 2018?
The rate of advancement in human capital management (HCM) technology sector has been increasing exponentially. 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.
Based on a survey of more than 800 human capital leaders, Randstad Sourceright’s Talent Trends research found that when it comes to tasks such as searching for talent, 51 percent of employers believe initial screening should be mostly or completely automated. However, talent leaders say a personal touch at certain points in the recruitment process keeps candidates engaged.
Highlights from this report include:
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
The Worker Confidence Index (WCI) for the second quarter of 2018 declined by 2.8 points, reversing a prior trend of consecutive quarterly increases.
Of the four components of the WCI, only Job Security increased, rising 4 points since the first quarter of 2018. Likelihood of a Promotion decreased the most, down by 9.9 points. The Likelihood of a Raise and Trust in Company Leadership indices also declined; however, all four indices remain higher than they were one year ago.
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.
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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