April 2018

Ready, Set, Innovate!

This year’s CHRO of the Year Award finalists are leading the charge in total HR transformation.

By Marta Chmielowicz

What makes a great CHRO? Well, that depends on who is asked. But while each response may highlight a key capability of a CHRO, they all have a common thread: the ability to innovate and inspire meaningful change. And this skill is mission-critical, for according to research by Randstad Sourceright, 84 percent of HR leaders say that the work they do prepares their organization for the future. HRO Today’s 2018 CHRO of the Year Awards honor the top HR leaders that are innovating for the future. Here are this year’s finalists.

Building the Workforce of the Future

Meet the 2018 Talent Acquisition Leader of the Year Award finalists.

By Marta Chmielowicz

Without the right talent in the right positions, businesses are unable to move forward with their strategy for the future. In fact, according to LinkedIn’s 2017 Global Recruiting Trends report, 83 percent of HR leaders say that talent is the number one priority for their organization. That is why innovative leadership in the talent acquisition function is so essential to business success, and why HRO Today recognizes the most innovative leaders in the HR space with its annual Talent Acquisition Leader of the Year Awards.

Connecting the Dots

Strategy, agility, and technology are key themes of the 2018 HRO Today Forum sessions.

By Marta Chmielowicz

HR leaders are facing sweeping changes across the entire business landscape. Constantly evolving technology and profound demographic shifts are disrupting the industry, changing workplace cultures, and revolutionizing the way work gets done. In today’s talent market, transparency and agility are key -and in order to compete, business leaders must question even their most basic assumptions about what employees want. If they are to succeed, they must develop new approaches to attracting, retaining, and engaging top talent.

Breaking Down Barriers

Embrace the future of talent with a total workforce solution.

By Marta Chmielowicz

Gone are the days of one-size-fits-all sourcing, recruiting, and hiring. The gig economy is on the rise, the workplace is becoming more diverse, and top talent is increasingly hard to come by. But even as skills shortages become the norm and attracting talent grows more difficult, organizations are gearing up their hiring efforts to position themselves for future success. In fact, LinkedIn’s Global Recruiting Trends 2017 study reports that talent is the top priority for 83 percent of executives, and 56 percent of organizations are planning to increase their hiring volume in 2018.

Repeat Performance

Measuring quality of hire is a challenge, but these three strategies will help HR land top candidates time and again.

By Debbie Bolla

Quality of hire has often been an elusive metric for HR to track and track well. Perhaps that’s why only one-third of organizations measure quality at all, according to new research from Gartner. But armed with the right strategies, HR leaders can build a blueprint for measuring the quality of their workforce and leverage it for future hires. And now’s the time: According to Randstad Sourceright’s 2018 Talent Trends survey, 72 percent of respondents say that employers’ expectations of talent continues to grow.

Closing the Gap

New research shows that even with the proven benefits of recruitment marketing, adoption rates are slow.

By Elyse Mayer

The speed of business has accelerated significantly, and it feels like the rate of change in talent acquisition is moving even faster. People, processes, and technologies are in constant flux. In the past few years, talent acquisition has moved closer to a function of marketing for talent, or recruitment marketing. Organizations are currently in a quest to deliver creative, experience-driven strategies to differentiate themselves by their brands and cultures, not merely by their inventory of jobs.

Outlook Looks Good

Data projects 2018 global economic growth to increase by 3.1 percent.

By Larry Basinait

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 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.

Feeling Insecure?

Although worker confidence remains high, today’s workforce is concerned about one thing: job security.

By Larry Basinait

The Worker Confidence Index (WCI), which measures employee attitudes about their perceived job security, increased by 0.7 points since the third quarter of 2017 and decreased by 1.3 points since the fourth quarter of 2016. It now stands at 103.2 after increasing for the past two consecutive quarters. Of the four components of the WCI, trust in company leadership rose by 3.2 points in the last quarter while confidence related to job security declined by 2.5 points. The decline in the WCI in the last year reflects employee concerns about the state of today’s workplace; in particular, trust in company leadership experienced a significant drop of 3.6 points since the fourth quarter of 2016. Recent volatility in the stock market may contribute to lower worker confidence in 2018, but for now, confidence remains high overall.

Appreciating Employees

Company culture, increased investment, and technology are playing a big role in today’s rewards programs.

By Melissa VanDyke

Human capital investments as a trusted way for organizations to sustain and grow success continue to build. Aside from the more than 80 percent of U.S. businesses that now invest in alternative awards for their sales population or employees, a recent study by the Incentive Research Foundation (IRF) found that top-performing businesses view rewards and recognition as an important part of the human capital playbook. Of the 900 organizations reviewed, only 300 met the qualifications to be considered top performers: over five percent year-over-year revenue growth, 90 percent customer retention or satisfaction, and 90 percent employee satisfaction or retention.

Empowering HR

The 2018 TekTonic Award finalists help solve many of HR’s toughest challenges.

By The Editors

HR technology is often tasked with helping organizations overcome some of their most daunting workplace issues -and this year’s TekTonic Award finalists do just that. From finding and training the best talent, to maintaining legal compliance and offering competitive compensation, these solutions are empowering HR for the future of work.

April 2018

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