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. Make changes with the future workforce in mind. MORE

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. The post #WorkTrends Recap: Data Drives Millennial Hiring appeared first on TalentCulture. MORE

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. MORE

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. MORE

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. . Recommended Read: Workplace 2025: Five Forces, Six New Roles and a Challenge to HR ]. MORE

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. MORE

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. Data Drives Millennial Hiring. MORE

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. These are the skills HR Technologists must posses in the next eight years: Innovative Reasoning Based on Data. MORE

Modern technology has enabled HR leaders to provide their workforce with a better employee experience. With AI, candidate matching will take into account more than just keyword data, such as the candidate’s previous job titles, work history, tenure and accomplishments. MORE

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. MORE

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. Pinc notes that planning needs to start well before implementation and go-live dates. MORE