Why We Will All Love the New HR


But in a world where workforce costs dominate total operating expenses — averaging nearly 70% of costs — businesses can no longer afford to have HR take a backseat or keep to the status quo. . The Bureau of Labor Statistics has projected the need for over 1 million nurses in the workforce by 2022. An estimated 50 percent of the oil and gas industry’s workforce is set to retire in the next five to seven years, a phenomenon known as the Great Crew Challenge.

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#WorkTrends Preview: Data Drives Millennial Hiring


Recruitment data’s importance is continuing to grow for strategic workforce planning, specifically when considering the growing number of young workers joining the labor pool. With millennials becoming the majority of today’s applicants, and expected to make up 75 percent of the workforce by 2025, it’s clear that businesses need to attract young talent to survive. Data Drives Millennial Hiring.

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#WorkTrends Recap: Data Drives Millennial Hiring


Recruitment data’s importance is continuing to grow for strategic workforce planning, specifically when considering the growing number of young workers joining the labor pool. With millennials becoming the majority of today’s applicants, and expected to make up 75 percent of the workforce by 2025, it’s clear that businesses need to attract young talent to survive. The post #WorkTrends Recap: Data Drives Millennial Hiring appeared first on TalentCulture.

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The Financial Services Skills Gap: Are Baby Boomers the Answer?


Their wealth of knowledge and experience can fuel the digital transformation taking place in the industry—but all too often, the aging workforce is underutilized. Fastest-Growing Workforce Demographic in Financial Services. Millennials—those born between 1981 to 1996–are projected to make up 75% of the working population by 2025 in the United States. The growth of aging workers indicates that many are not retiring—they’re staying in the workforce.

7 Skills HR Technologists Will Need in the Next Eight Years


Technology impacts all of us personally in how we communicate, make purchases, plan travel, find love, discover a great restaurant, or get a ride across town. In September 2013, a group of top HR leaders, together with CHREATE (the global Consortium to Reimagine HR, Employment Alternatives, Talent, and the Enterprise), gathered together to envision the HR profession in 2025. It takes the right mix of People, Process, and Technology to make today’s organization function successfully.

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Skills Building and Development in the Workplace

Cornerstone On Demand - Talent Management

It’s estimated that by 2025, 85 million jobs may be displaced by machines, while 97 million new roles may emerge that are more adapted to the new division of labour between humans, machines and algorithms.

Workforce Readiness: The Learning Metric that Leads to Real ROI (i4cp login required)


The report asserts that by the year 2025: 44% of skills that employees will need to perform their roles effectively will change. What percentage of your workforce has completed a specific training program (e.g., How ready is your firm to lead with workforce readiness?

Healthcare’s Looming Talent Troubles


healthcare labor market analysis from Mercer compares future supply and demand of workers to project workforce availability across 50 healthcare occupations through 2025. These high-growth jobs will likely have gaps in demand and supply of workers,” said Jason Narlock, senior consultant, Workforce Strategy and Analytics at Mercer, in a company statement. Mercer recommends employers should: Understand full exposure to potential workforce risks – both external and internal.

Workforce Scheduling Complete Guide For 2020


Every organization ought to possess a thorough and practical plan of action. Therefore, it becomes mandatory that a plan of action is primarily enabled and expedited by proper workforce scheduling. . Workforce scheduling assumes a top priority, due to its implications on the most tangible and superior asset of an organization – human capital. Proper workforce scheduling and management have proven benefits. What is Workforce Scheduling? Workforce

Industry experts break down the Ultimate-Kronos mega-merger


billion company in workforce management, they will create a $22 billion market cap company,” Bersin says. Bersin adds that, while he does see many synergies—for example, Kronos can sell HCM to its clients, Ultimate can sell workforce management to its clients—the real impact is not yet clear. All of Kronos’ existing customers already have an HCM system, and most of Ultimate’s customers are likely already looking at other workforce-management tools,” he says. When Kronos Inc.

If you build it, will they come? Overcoming the talent crisis in manufacturing

HR Times

Blog posts here on HR Times regularly discuss ways organizations can rethink and revamp their talent programs to better support business strategies and overcome workforce challenges. 2 Also consider that manufacturing employs 9 percent of the workforce, supporting more than 12 million workers directly and 17.4 percent in 2013, 4 and data projections suggest 400,000 jobs will be added between 2015 and 2020. million workers are expected to retire between 2015 and 2025.

6 Talent Management Trends for 2018

Oracle HCM - Modern HR in the Cloud

Modern technology has enabled HR leaders to provide their workforce with a better employee experience. Emerging technologies such as data automation, predictive analytics and artificial intelligence (AI) have now added a level of sophistication in how businesses can manage and engage their workforce for higher productivity. Organizations are utilizing data to improve all HR processes such as recruiting, talent management, workforce planning and operational improvements.

TOP 11 recruitment software to look out for in 2020 [+ G2 reviews]


mn by 2025. Bullhorn allows the easy access and management of candidate data, tracking of email interaction, real-time updates of candidate records, in-system access to LinkedIn records, and much more. . Zenefits is an AI-based software that enables human capital management, targeting all significant areas within the workforce. It takes care of hiring and onboarding processes, compensation, people data and analytics, and much more.

The Right Way to Increase Minimum Wage at Your Organization

Visier - Talent Acquisition

government passed a bill to gradually increase the minimum wage to $15 by 2025. Failing to understand this–and worse, failing to incorporate it into your analysis and planning–will cost you more than you think. You need a holistic view of your workforce and your business–which requires you to first gather information from your different systems and then, manually pull it all together to make the best decision possible. Make changes with the future workforce in mind.

2014 HRPS Global Conference: Empower Your Talent with Purpose

Cielo HR Leader

Specifically, leaders in attendance agreed: Achieving competitive advantage today requires empowering your workforce, leveraging the data available to make key talent management decisions, and aligning a strategic workforce plan with future talent and business goals. The list of individual motivations can be countless, but it’s the ambiguity of purpose that can harm the workforce’s well-being.

Do you know how to drive HR-tech adoption?


The global HR-management market, for instance, is anticipated to reach $30 billion by 2025, with a compound annual growth rate of 11% over that time, according to a new report by Grand View Research Inc. The report defines the main HR-management market as core HR, employee collaboration and engagement, recruiting, talent management, workforce planning and analytics. Importantly, they note, high adoption/usage rates will happen only if HR leaders plan properly.

The "Next Big Thing" in Talent Acquisition

Cielo HR Leader

The American Medical Association predicts a shortage of 130,000 physicians across all specialties by 2025. Other recent reports point to current shortages of IT staff and an estimated one-third of the nursing workforce hitting retirement over the next 10 to 15 years. The “three Ss” – Sourcing, Screening and Strategic workforce planning – are where RPOs can provide a distinct advantage.

LinkedIn’s Head of Recruiting Shares His Take on What the Future Holds for Talent Professionals

Linkedin Talent Blog

To gain a clearer picture of what’s to come, we recently surveyed more than 2,800 recruiting professionals across 80 countries, analyzed billions of LinkedIn data points, and interviewed over a dozen global talent leaders. Recruiting will be mission-critical — so start capacity planning and focus on telling more compelling stories. To combat this, Brendan recommends developing a capacity planning process if you don’t have one already. Recruiting is evolving — and fast.