Beginning later in 2016, HRO Today Magazine, along with PeopleScout, a global leader in recruitment process outsourcing (RPO) solutions, will produce an ongoing trending summary of global unemployment rates.
According to the World Bank, the worldwide GDP in 2014 was $USD 77.8 trillion. Approximately 22 percent of that is the U.S. GDP, which amounts to 17.4 trillion. The Gallup World Poll states that in 2013, there were 1.3 billion full time workers in the world, which is defined as adult population that works at least 30 hours per week for an employer.
Because of the vast number of international labor organizations, understanding employment levels in select countries is vital to meeting the staffing requirements necessary for successful business in those areas. For example, the U.S. Bureau of Labor Statistics reported that the December 2015 unemployment rate in the U.S. was 5 percent. Workforce planning would be considerably different in the U.S. than in Spain, which had a 20.9 percent unemployment rate during that time.
HRO Today magazine partnered with Yoh Recruitment Process Outsourcing to produce the Worker Confidence Study, which provides an index to measure employment security in the United States. Perceptions of job security are particularly interesting to government entities because of the impact that they have on American spending habits and, by extension, the U. S. Gross Domestic Product.
This index provides insight into macro-metrics previously untapped by existing indices such as the Consumer Confidence Index, Gallup’s Economic Confidence Index, the Bureau of Labor Statistics’ Job Openings and Labor Turnover Survey (JOLTS) or United States Consumer Sentiment. Although those indices are useful in gauging the attitudes of employees towards their jobs, they do not measure perceptions of job security with the same precision.
Each month, HRO Today magazine employs ORC International’s CARAVAN® Omnibus Surveys to conduct approximately 333 interviews online. Respondents, who are 18 years and older and work full-time in the U. S., answer a series of four questions. Each question asks respondents to rate each question on a 1-5 scale, with one being “very poor” and five being “very favorable.” The four questions are about the possibility of involuntary job loss, the likelihood of promotion, anticipation of a raise of at least 3 percent, and trust in company leadership.
By Belinda Sharr
Your organization is no doubt moving quickly. As you bring in new people, you want them up to speed just as quickly as possible. But that’s no easy fix. Onboarding on a fast-moving, competitive organization can be like jumping on a moving train.
The good news: New technological tools can help you keep pace. Learning Management Systems (LMS), in particular, can help drive new hires make the leap onto that moving organization by making it easier for you to administer, document, track, report and deliver their onboarding training programs. And the best part is that LMS’s work no matter where the workers are located.
Keeping up with a diverse workforce
Adults are staying in the workforce longer than ever before. According to the US Bureau of Labor Statistics, those between the age of 65 and 74 accounted for 20.4 percent of the workforce in 2002; this expanded to 26.8 percent in 2012. This group of older workers also had the largest increase relative to all other age groups over the decade. By 2022, the bureau predicts that 31.9 percent of workers will be within this range. At the same time, there is also an influx of younger employees entering the workforce.
By Belinda Sharr
A new wave of workers is arriving, and they hold a Statement of Work (SOW).
When companies have specific tasks that require a highly specific and often specialized set of skills, they may choose to retain SOW workers — especially in cases where they won’t need a permanent employee long-term and the skill-set is too specialized for hire temporary ones.
In The Employee Life Cycle, When Do Employees Choose To Engage — Or Not?
By Bill Hatton
Engaged employees are the life-blood of productive organizations.
By Belinda Sharr
HR professionals believe health systems are understaffed and under-occupied. That’s according to a recent online study by HRO Today Magazine and healthcare RPO firm Clinical Magnet.
To solve the problem of under-occupation, hospitals and health systems will naturally seek to draw in more customers. Absent strategic workforce planning, that will double-down the problem of under-staffing. HR will thus need to work closely with other departments to ensure the right people are in place as business needs arise.
The Talent Cloud: The Convergence of HR and Technology
By the Editors
The HRO Today Forum—an annual highlight for HR leaders and professionals all over the country—is moving to the Midwest! HRO Today magazine will host the 14th annual HRO Today Forum on May 2-4 at the Drake Hotel in Chicago. The forum will present the latest trends in HR services, technology and analytics, offer networking opportunities with the leading minds in HR, and allow attendees to discuss their own experiences.
More care is needed to address the emotional experience
By Russ Banham
It’s one of the most difficult decisions a person must make—whether or not to take the job offer that requires relocation to a new city. The way that this delicate decision is handled by the hiring organization may determine the new employee’s level of engagement from that point forward, with attendant retention risks as well.
Top providers in relocation services ranked based on customer satisfaction surveys
HRO Today’s Baker’s Dozen rankings are based solely on feedback from buyers of the rated services. The ratings are not based on the opinion of the HRO Today staff. We collect feedback annually through an online survey, which we distribute both directly to buyers through our own mailing lists and indirectly by sending service providers the link to send to their clients.
Once collected, response data are loaded into the HRO Today database for analysis to score each provider that has a statistically significant sample. For this survey, we required 10 responses from seven companies, and we received feedback from more than 200 verified customers.
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