Human Resources New Technology Quarterly Summary: Q2 2021
The frequency of announcements for advancing technologies to support human resources in the second quarter of 2021 remained high – with 150 major announcements made with at least $1 million…
HRO Today Research
Worker Confidence Edges Up
Rising worker confidence still remains below pre-pandemic levels. By Larry Basinait While 2020 has ended, the COVID-19 pandemic that defined the year remained ever-present through the first quarter of 2021.…
Recruiting in the Dark: Research Outcomes and Effectiveness of Resume Redaction in Recruiting
A renewed spotlight on systemic racism in 2020 emphasized the importance of Diversity & Inclusion more than ever before. Transcending into the workplace, organizations were enlightened to increase equity and…
Worker Confidence Index: First Quarter 2021
While 2020 has ended, the COVID-19 pandemic that defined it remained through the first quarter of 2021. But even with lasting effects from a turbulent year, the US economy continues…
Flash Report | Background Screening Providers: Opportunity for Excellence
Background screening services have been and will continue to be an integral part of the hiring process. But just like everything else in 2020, the COVID-19 pandemic impacted all parts…
A Tough Year for Worker Confidence
COVID-19 left its mark on employee sentiments around job security in 2020.
By Larry Basinait
As the rollercoaster of 2020 came to an end, the results of the Worker Confidence Index (WCI) followed suit. The year started with the U.S. unemployment rate reaching its lowest level in nearly 50 years while the stock market soared at an all-time high. But once the pandemic hit critical mass in March, the economy was plagued with job losses, high unemployment, and nationwide lockdowns.
Falling Downward
Worldwide employment rate staggers from COVID-19’s impact.
By Larry Basinait
2020 was a year like no other. The United Nations estimates that the coronavirus pandemic caused the equivalent of more than a quarter of a billion lost jobs. The UN’s International Labour Organization (ILO) found that a full 8.8% of global working hours were lost in 2020 compared to the fourth quarter of 2019. That is equivalent to 255 million full-time jobs—a number “approximately four times greater than the number lost during the 2009 global financial crisis,” the ILO said in a statement.
HR Tech Fares Well in 2020
The circumstances of COVID-19 are driving learning, virtual, and employee engagement technology investment.
By Larry Basinait
While the economy was slowed by COVID-19 in the fourth quarter of 2020, the development of new HR technologies continued at a rapid pace. In total, there were 127 major announcements—those with at least $1 million in funding—up substantially from the 77 announced in the third quarter of 2020.
Flash Report: APAC Employer Brand Conversations Shift from Acquisition to Retention and Rebuilding
As organizations emerge from the perils of 2020, employer brand conversations are shifting from acquisition to retention and rebuilding as a result. Starting at the hiring process, companies are more…
Global Labor Market Report – Q4 2020
The United Nations estimates that the coronavirus pandemic caused the equivalent of more than a quarter of a billion to lose their jobs in 2020. The start of the year,…