Long gone are the days of lifelong employee relationships ended only by retirement into generous pension plans. Today, the marketplace of workers is more fluid, flexible, and fast-moving than ever before. Yet, many companies feel unprepared to take advantage of new trends in talent acquisition, like the emergence of the so-called “on-demand” workforce. Only 9%[…]
The usual suspects of employee benefits – like retirement plans and health insurance coverage – remain critical to attracting and retaining top talent in today’s labor marketplace. But a new class of benefits also seems to be growing more important to a growing segment of today’s workforce. We’re talking about benefits that give employees flexibility[…]
Good performance management is critical to maximizing employee engagement and productivity. Studies of performance management show clear benefits for both employees and employers when feedback is handled well. For example, companies see 14.9% lower turnover rates for employees who receive regular feedback than for employees who do not. Even better, Gallup has found that units[…]
In our multi-part risk management series, we’ve looked at the kinds of HR-related risks that can affect business operations and walked through creating a risk management plan and a way to monitor those risks. Today, we’re going to look at a specific kind of risk: bad hires. Bad hires are the bane of hiring managers[…]
Businesses are just now beginning to contend with the loss of an entire generation from the workforce. Baby boomers today range in age from mid 50s into their 70s; an average of 10,000 baby boomers turn 65 every day, according to the AARP. Some industries, such as manufacturing, are already being hit hard by the[…]
In our first post in this risk management series, we noted how few HR organizations address people-related risks. According to consultancy group EY, “HR risks continue to be absent from the risk management framework. Only 36% of [survey] respondents indicated HR risks are included as part of the risk management framework.” In our next post in[…]
Talent shortages are likely to reach critical levels over the next decade. Analysts at the Korn Ferry Institute predict that the global talent shortage could hit 85.2 million people by 2030. Consultancy firm Gartner agrees: its 2018 Emerging Risks Survey found that a talent shortage is an employers’ most commonly cited risk. The hardest hit industries include financial[…]
Social media is a big deal for small businesses. According to research from social media company Sprout, more than half (57.5%) of people are more likely to buy from a brand if they follow them on social media. However, social media is a complex and intricate area of marketing that demands its own expertise to execute well, and it’s[…]
Internships can be surprisingly expensive for employers. “An internship can, and hopefully will, benefit the company that uses such a program. For example, internships may provide a pool of potential new hires for the company, serve as a source of inexpensive labor, foster a positive public image, and build beneficial relationships with local communities and[…]
When business owners partner with a professional employer organization (PEO), they can focus on business building while trusting the PEO to handle certain HR and employee issues. To that end, a PEO’s service model can extend across the entire employee lifecycle – from before they even start until after they’ve left. Here’s how. 1: Recruitment[…]
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