In Broadleaf’s “Hiring and Retaining Workers through the Generations” presentation, Carl addresses concerns employers have about Millennials and Gen Z’ers entering the workforce. Many look at these emerging generations as wildly different, but we all have very similar underlying motivations. In this attention economy, it’s increasingly hard to attract and retain talent, but these universal tips will help you gain access to all different types of talent.
Some key takeaways will include:
· We all want similar things
The rate of new technologies being developed and the number of companies providing them are increasing dramatically each year, and the second quarter of 2019 was no exception.
During the second quarter, there were 66 major announcements, up from 57 in the second quarter of 2018. Investment deals in HR technology in the second quarter of this year hit over $560 million dollars.
With Greg Barber, Managing Director for EMEA RPO, Allegis Global Solutions
Today’s workforce is not one-size-fits-all. From permanent members of the team to temporary assignments and contract-based projects, employees are engaging with their employers in new and increasingly flexible ways. This trend presents organisations with an opportunity to be leaner and more agile—but also a significant challenge in managing the many sources of talent. In response, companies are choosing to adopt a Total Talent (TT) approach to talent acquisition that blends MSP and RPO capabilities into a single platform.
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Employer brand represents who an organization is and what they stand for, setting the stage for the expectations of both current and future employees. For many companies, social media has become a key element in building the employer brand.
The belief in the importance of social media as part of employer brand strategy is nearly universal, with 96 percent of respondents indicating that it is important. However, despite the overwhelming belief that social media is a vital element of an employer’s strategy, there are some doubts over its effectiveness.
Key takeaways from this report include:
The Worker Confidence Index (WCI) in the first quarter of 2019 increased by 3.6 points to 110.7, the highest level since this study’s inception. While three of the four indices that comprise the WCI reported positive results in the first quarter, one index, the Job Security Index reported a quarterly decrease.
On the topic of job stability, the Job Security Index experienced a modest decline, but remains close to the study average. Worker perceptions about the likelihood of a raise increased to an all time high of 113.3. Both males and females continued to feel more confident about getting a raise, with 36.5 percent of males and 25.8 percent of females anticipating a raise of 3 percent at their next review.
The rate of new technologies being developed and the number of companies providing them are exponentially increasing each year and the first quarter of 2019 was no exception.
In total, there were 68 major announcements documented, which almost doubles the 36 announced in the first quarter of 2018. The majority of the announcements were from companies located in the United States, and most were from small or start-up organizations.
Employer branding is of growing importance to organizations as they try to attract top talent in a tight labor market. In this study, respondents were asked to explain their perceptions of the scope of employer brand – whether it is a candidate attraction effort only, or part of a wider engagement initiative.
Nearly nine-in-ten (85%) stated that it is part of a more broad-based initiative, extending to all stakeholders in the business, including from owners, suppliers, customers, and candidates.
Despite knowing the importance of employer brand, most respondents indicated that they still struggle to identify unique points that distinguish themselves from competitors. In addition, only 20% of those surveyed indicated that they have established metrics for measuring the success of employer branding efforts.
In the first quarter of 2019, the global unemployment rate remained low, with around half (24 of the 49) of the countries analyzed in the report showing levels of 5.0 percent or less. Among those, 16 of the 49 countries in the report announced decreases in national unemployment rates since Q4 2018.
The current economic environment worldwide is still precarious. While 2018 was generally positive, growth in the first quarter of 2019 has weakened. On the other hand, the global economy is still benefiting from tight labor markets and has been accommodating towards monetary and policy stimulus in certain countries, such as China, Egypt, India, and the United States.
A roundup of the top providers and product vendors across 13 sectors of HR services.
By The Editors
The HR industry is experiencing a transformation. Faced with new technologies and shifting employee expectations, organisations are looking beyond the functional role of HR and developing strategies to increase its impact on business performance and growth.
In this flash report, we take a look at how organizations manage their contingent workforce and how well these practices combine with their Total Talent Management (TTM) model. The Total Talent Management model integrates the full spectrum of workers, from permanent employees to temporary workers, independent contractors, and freelancers.
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