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Dated: 01-20-2016
A fresh year, a fresh start, year 2016 holds a lot of promises and hopes for the Talent Management sector. Last year, we saw a few emerging topics like millennial retention, avoiding performance appraisals and ways to engage employees. We discussed the issues through the articles and even highlighted some solutions. This year, we will hopefully see even better answers to all the issues raised.
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Dated: 01-17-2016
Staff retention is set to become one of the biggest HR challenges in 2016. When 77% of HR professionals said the organisation had struggled to recruit suitably skilled staff over the previous year in 2015¹, the latest employment figures suggest the problem is only going to get worse. How can a business safeguard its best employees from being poached by the competition? Or avoid those damaging dips in morale that send increasingly confident individuals out into the market to look for something better?
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Dated: 01-18-2016
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Dated: 01-17-2016
Attrition continues to be an increasingly costly problem for businesses, especially in the highly competitive tech industry. When losing tech professionals to other jobs, the cost of replacing them and the disruption of productivity can severely impact a business’ bottom line. Finding, hiring and training a new talent, let alone keeping them, is a costly stress to a company’s HR department.
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Dated: 01-17-2016
Millennials surpassed Generation X this year to become the largest share of the American workforce. It’s been estimated that 86 million Millennials will be employed by 2020, a full 40 percent of the total working population. To recruit and retain the best and brightest of this group, it’s vital to actively engage with them using strategies that resonate. Some data suggest Millennials only tend to stay at each job an average of 18 months, so there’s an “art” to attracting this group. Search online and there’s a blizzard of conflicting advice—but here are a few concrete steps likely to pay off.
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Dated: 01-17-2016
In a 2000 study, the Association for Talent Development reported 95% of training reached a level where the participants liked the training, but only 37% of training reached a level where participants learned the material, only 13% of training reached a level where participants applied the learning in the workplace, and a dismal 3% of training reached a level where there is an impact on the organization.
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Dated: 01-18-2016
2016 has barely begun, and arguably one of the most controversial and divisive topics confronting HR professionals is the minimum wage debate. As of January 1,fourteen states have raised the minimum wage, with 29 states plus the District of Columbia now setting minimum wages above the national rate of $7.25 per hour.
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Dated: 01-17-2016
The announcement that General Electric (GE) has joined a list of high-profile companies that are getting rid of annual performance reviews has sparked a national dialogue among HR professionals about the usefulness of such appraisals—and the alternatives available for deciding who gets pay raises, bonuses and promotions (Wilkie, 2015).
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Dated: 01-17-2016
People generally don’t like leaving where they work unless things are not fine. Even when they have really attractive offers elsewhere, it can be hard to leave everything and everyone they have worked with over the years. Millennials want to stay and contribute—if they are given the opportunity to do interesting work, to grow, and to be a welcome member of the team.
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Dated: 01-17-2016
Companies working to recruit and retain today’s top talent need to be strategic and creative when executing a talent acquisition plan.Based on insights from 24 global experts, Korn Ferry Futurestep has put together a list of talent trends that have emerged during the past 12 months as well as those predicted to dominate during 2016.
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