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The labor market is at an inflection point, where power rests in employers’ hands, said Rachel Sederberg, senior economist at research firm Lightcast. Companies should still do their best to keep employees engaged, in preparation for when the labor market tightens up. What’s going on in the labor market? Why should employers care?
Youre a construction company leader, racing against tight deadlines and rising costs, only to be stalled by one persistent problem: hiring skilled talent. Use a Template: Create a reusable job description template with sections for responsibilities, qualifications, and an about-the-company overview that includes culture. With the U.S.
Human Resources professionals play a vital role in this process, acting as the bridge between potential candidates and the company. HR professionals must collaborate closely with marketing teams to build an authentic and compelling narrative that reflects the company’s mission, culture, and values.
Does it feel like the company cares when someone hits their 10-year work anniversary with the organization? When behaviors are celebrated and properly incentivized, a company transforms its workplace. That doesn’t mean that companies should put a ping-pong table in every office. 1 driver of well-being for every generation.
Speaker: Jackie Ferguson, CDE® - Co-Founder The Diversity Movement | Bob Osmond — CDE® and President, Racepoint Global
When a company begins its journey toward greater diversity, equity, and inclusion (DEI), it is often energized to learn more - but that learning becomes the sole responsibility of HR. When employees see their leaders actively learning and implementing DEI practices, research has shown that they are inspired to do the same.
When employees feel a sense of community, they are more likely to stay with their company long-term, contributing to lower turnover rates and employee engagement. For companies, this means not only retaining top talent but also fostering a culture of trust and collaboration that drives business success.
Hire-to-Retire (HTR) refers to the comprehensive employee lifecycle management process that spans from the moment an individual is recruited until they retire or exit the organization. Effective recruitment strategies ensure that companies find the right talent who align with the organization’s values and long-term goals.
Underrepresented talent refers to individuals from demographics that are less represented in specific sectors or at certain levels within organizations. By not tapping into underrepresented talent, companies miss out on a wealth of ideas, perspectives, and experiences that could propel their growth. What is Underrepresented Talent?
According to a Gallup poll , companies with high employee engagement experience 21% higher profitability and 41% lower absenteeism. Additionally, research from the University of Warwick shows that happy employees are 12% more productive. times more likely to feel empowered to perform their jobs effectively.
You’ve probably heard company culture being often described as the beating heart of a business. But here’s the thing: what actually is company culture? A positive company culture can inspire and motivate employees, while a negative culture can have an unhealthy reverse effect. Now that might sound a bit dramatic, but it is true!
Research by the World Health Organization (WHO) indicates that for every $1 businesses invest in mental health, they see a $4 return in improved health and productivity. This can include mentorship programs, peer support groups, ERGs , and regular check-ins with managers. It costs the United States more than $300 billion.
The Hype Behind Blockchain Technology Blockchain technology is a secure digital system that works as a decentralized and unalterable digital ledger for information storage and sharing. Employee Hiring When someone applies for a job, they often must provide a cover letter detailing personal information and previous work history.
98% of workers said they want to work remotely at least some of the time but only 16% of companies are fully remote in the USA. Blind recruitment promotes the removal of identifying information on resumes and solely hiring the person based on their skills. A study from Forbes.com , said 32.6
For HR professionals, developing this strategy needs a thoughtful, data-driven approach that’s aligned with your company’s goals and culture. For example, an onboarding employee experience strategy is designed to ensure that new hires feel welcomed, informed, and prepared to succeed in their new roles.
As HR professionals, we hold a critical role in ensuring the holistic well-being of our company’s employees. Moreover, employees who feel supported in their personal well-being are more likely to stay loyal to the company, contributing to lower turnover rates and reduced recruitment costs.
Their expertise can be invaluable in navigating the situation and ensuring company resources are utilized correctly. Clarity and Alignment: Clearly communicate company goals and individual priorities. Keep them informed about changes and decisions that might impact their work. This reduces stress and fosters a sense of purpose.
Research from McKinsey & Company found that 87% of companies worldwide are either aware of a skills gap or will have one within a few years. For one, the COVID-19 pandemic kicked off a digital transformation revolution , forcing thousands of companies to adapt to online channels for the first time. The solution?
How generative AI is used in HR Recruitment and hiring Some applications, such as ChatGPT, can help create accurate and compelling job postings or generate customizable screening questions tailored to specific roles and candidate profiles for a more targeted and effective interview process.
Their involvement can transform office safety from a bureaucratic box-checking exercise into a vibrant part of your company culture. HR organizes workshops and courses that educate employees on identifying hazards and responding to emergencies. Comprehensive impact analysis ensures informed decision-making.
Furthermore, HR can implement onboarding programs that educate new hires about the companys sustainability goals and encourage their participation. Employee Engagement and Education Sustainability initiatives thrive when employees are informed and engaged.
Employee engagement refers to the level of dedication and enthusiasm an employee has towards their work and their organization. When employees are engaged, they are passionate and motivated to contribute to the company’s success. This includes your company mission, culture, process, people, tech, and more.
research, more than 10% of those surveyed cited employee wellbeing as their top HR challenge; an additional 8% pointed to employee benefits, including financial wellness. This can include awareness campaigns and workshops, as well as efforts to embed such discussions in team meetings and internal communications.
The survey highlights that many employers are either not complying with the law or not informing their employees of their existing policies, leaving many unaware of their rights during this presidential election season,” says Melissa Stein, an attorney and legal editor at Brightmine.
More support for succession planning: Preparing employees for future roles and leadership positions can boost your companys succession planning efforts. Improved team performance: Employees acquiring new skills can drive collective outcomes that benefit their teams and the company in the long term. CRM or internal systems).
An interview training workshop or course will often cover the role of the interview in the hiring process, the potential unconscious bias and legal issues around specific questions, interview checklists to maintain fairness, and mock interview sessions with feedback. Set SMART goals: Use SMART goals to help refine the goals you’ve listed.
Invest in employer branding: Build a strong online presence that showcases your company culture, values, and benefits to attract passive candidates. Implement a structured process: Use a consistent screening, interviewing, and evaluation framework for all candidates.
And whether you like it or not, it’s directly related to how well the company performs. Deloitte’s research shows that 58% of HR executives find their performance management systems ineffective, and just under half say their performance processes are “weak” in improving development and driving business value.
Each year, the CandE Benchmark Research Program collects case studies from CandE Winners – the employers with above-average candidate experience ratings in our research. If you’re interested in participating in the 2025 CandE Benchmark Research Program, you can learn more about it here.
When companies truly grasp how engagement takes shape, they can better navigate challenges, seize growth opportunities, and build teams that thrive under any conditions. Cognitive engagement refers to the mental effort employees put into understanding their roles, the tasks they perform, and the organization’s mission.
Only 35% of companies have a formalized succession planning process, which can leave corporations in a challenging position when leaders leave or circumstances necessitate a shift in direction. Additionally, determine how to find potential leaders. Let’s talk about how our tools and workshops can support staff at any level.
In 2023, tech companies spent around $6,000 – $8,000 per hire, while healthcare organizations saw hiring costs of $9,000 – $12,000 to secure top professionals. Hidden costs include recruitment fees, job ads, interviews, background checks, onboarding, and tech tools. Industry dynamics add another layer.
As a broker-friendly professional employer organization (PEO) , ExtensisHR strives to keep its partner community informed of the latest industry developments. For example, a client using a legacy applicant tracking system (ATS) may use parts of that program but find the resume-screening process tedious.
Company policy breaches or safety violations usually also warrant an HR investigation. A reliable guide: Assists in collecting relevant information, document your findings in detail, and maintain legal compliance. Learn more How to Conduct an HR Investigation in 7 Steps The importance of an HR investigation template 52% of U.S.
Employee engagement is increasingly recognized as a priority for companies. To dispel the misconception around engagement being limited to intangible gains, companies must calculate the ROI of employee engagement. This blog will navigate you through the key steps and essential information for calculating the ROI of employee engagement.
This frame of reference identifies high-performing employees, mid-range employees who may benefit from support and development, and underperforming employees who require an immediate performance improvement plan (PIP). This will help pinpoint the skills and experience required to lead the company.
Emotional intelligence (often referred to as EQ) is the ability to understand, regulate, and respond to emotions both in yourself and in others. Checking in with your values. Hold psychological safety check-ins. Heres what that looks like and how you can foster more emotional intelligence in your own workplace.
Meaning of Job Enrichment Job enrichment refers to the process of redesigning jobs to make them more interesting, challenging, and engaging for employees. This can be achieved by highlighting how their tasks contribute to the overall mission and success of the company. Feedback: Receiving direct and clear information about performance.
Companies must adjust their practices to keep pace with these evolving needs. Image by Artem Podrez on Pexels The Changing Role of Talent Management in Modern Organizations As businesses grow more complex, the way companies handle hiring, retention, and development has transformed.
Workforce engagement is key to a company’s success. Whether your company is large or small, you can apply these strategies to improve your workplace. When everyone understands what’s happening in the company, they feel more involved and connected. How do you keep your employees motivated and happy at work?
It reported that organizations with highly engaged employees saw a 51% drop in turnover (for low-turnover companies) and a 23% rise in profitability. This leads to a stronger connection to the company and greater productivity. Company example Most Google employees work on a hybrid schedule. What drives employee engagement?
It’s one of the most critical steps in building an effective learning strategy and can drive targeted training that supports company goals and helps employees grow. Check what training staff have already undergone, and if it can be improved or should be replaced. Analyze data: Spot patterns, uncover gaps, and flag hidden issues.
Raised on social media and texting, they favor brevity and informality. According to a 2024 study by LinkedIn , 62% of Gen Z workers use informal language daily in professional settings. Why Gen Z embraces casual language Several factors drive Gen Z’s informal communication style. First, technology shapes their habits.
This article takes a closer look at how HR teams can influence company culture and highlights the role of Business Process Outsourcing (BPO) companies in supporting these efforts. These platforms can track employee engagement metrics, automate feedback collection, and generate comprehensive analytics that inform decision-making.
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