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With Barry Morris, CEO, CapRelo
HRO Today: In recent blog posts you’ve discussed the importance of Employee Experience (EX). Why now?
Morris: With the battle over talent being more critical, EX is a crucial driver of HR value. Onboarding new employees is expensive while keeping existing employees is more cost effective. I have found that many global mobility groups see EX as a critical indicator of the ability to attract and retain top talent.
With Alex Alaminos, CEO, Madison
Recognition programs have become a gateway to employee productivity, loyalty, engagement and retention. In fact, according to Deloitte, organizations with employee recognition programs have 31 percent less voluntary turnover. As HR considers a first- or second-generation rewards programs, a main consideration for executives should be the financial structure. Here Alex Alaminos, CEO of Madison, explains the key differences between billing on issuance and billing on redemption and the considerations for approach depending on organizational goals.
Tech-enabled, e-interviewing and candidate-care ‘bot creates seamless, effective experience for hiring managers and candidates alike.
With Jeanne MacDonald, President, Global RPO Solutions, Korn Ferry
High-volume recruiting and hiring. In the past, the process was often costly, time consuming and ineffective, as finding the right candidates who would not only take the job – but stay – was difficult.
With Tim Oyer, Vice President of Sales, Advanced RPO
Small and medium-sized businesses (SMBs) with 15,000 employees and less are the engine of the U.S. economy, but in a tight talent market, many are struggling to hire and retain top-performing employees. A recent study from LinkedIn found that the majority of SMBs (84 percent) struggle to find enough people to interview and hire for open positions. Seventy-three percent are challenged by competing with better-known companies for talent, and 75 percent are unsure if candidates will succeed in the role, even after the interview.
In this interview, Tim Oyer, vice president of sales at Advanced RPO, shares some insights that mid-sized organizations can leverage to improve their hiring outcomes in a competitive marketplace.
The bswift Leadership Team takes a closer look at market trends that further underscore the need for this transformative employee experience.
Trend #1: One-stop shop benefits experience
Sanjiv Anand, President and Chief Executive Officer at bswift
The global economy has continued to decelerate, stemming from global trade and weak investment growth, which impacted nearly every region of the world.
However, the global labor market remains tight with around half (27 of the 49) countries analyzed in this report showing levels of 5.0 percent or less, which is considered by many economists as at or near full employment.
In the United States, stocks had a remarkable year in 2019, recording the largest yearly gain since 2013. Both the S&P 500 and the Dow Jones Industrials increased by 28.9 percent and 22.3 percent, respectively.
The spread of COVID-19, commonly referred to as the coronavirus, is an event that is increasingly becoming a public and workplace priority. Employers will be called on to take every possible action to protect workers while maintaining business operations. Here, you can find a roundup of up-to-date information on how businesses and HR leaders are handling the outbreak.
GENERAL INFORMATION FROM GOVERNMENT BODIES
- Global information and guidance on COVID-19 (World Health Organization)
- Coronavirus response in Europe (European Commission)
- Coronavirus response in the U.S. (CDC)
- Worldwide situation update (ECDC)
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- Workforce Management
- Employee Engagement
- Risk and Compliance
- Employee Screening
Evaluating the Role of Recruiters
Amidst the uncertainty of what lies ahead for the job landscape as a result of the COVID-19 pandemic, it’s important to remember that our workforce will recover, and when it does, recruiters need to make sure they have kept their candidate relationships intact.
Before every hire comes a background screening report. And while we’ve become accustomed to this stage of the hiring process, it’s not often that we reflect on the benefits and standards of this sector of the industry as they pertain to our own organizations.
This report is your answer for an examination of the most important components and system capabilities of a background screening provider, as well as a look at overall satisfaction with background screening providers.
Download this report and learn:
With unemployment remaining at its lowest level in years, how are workers feeling when it comes to job stability? The quarterly Worker Confidence Index from HRO Today and Yoh measures the U.S. employment security directly from the perspective of employees.
Download this report to discover how the four components of the index – Possibility of Involuntary Job Loss, Likelihood of Promotion, Anticipation of a Raise of at Least 3 Percent, and Trust in Company Leadership – changed in the final quarter of 2019, and how it’ll continue to affect the remainder of 2020.
Here’s what you’ll learn:
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