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With the rise of artificial intelligence and automation, many industries are facing talent shortages right now and will continue to do so over the next decade or so. And current studies and research indicate that the skills gap is widening and that this will cost companies over $8.5 trillion in economic opportunity.
It may be a candidate’s market, but that’s not stopping small businesses from seeking out slightly cheaper alternatives when it comes to hiring staff.
As you work on designing and implementing your leadership development programs, here are five things you’ll want to make sure your business leaders know how to do right now and over the course of the next few years.
Talent pool engagement, as the name implies, happens when an organization takes active steps to stay engaged with prospective employees—often before they’ve even applied at the organization. With today’s ever-connected online environment, there are ever more ways for employers to stay in touch with the talent pool, no matter the size.
With the new year in full swing, many companies may be looking to fill recently allotted roles. Hiring competition is expected to be fierce among employers—just last November, the increase in new jobs added to the market was double the number of people entering the labor force each month.
With the rise of artificial intelligence and automation, many industries are facing talent shortages right now and will continue to do so over the next decade or so. And current studies and research indicate that the skills gap is widening and that this will cost companies over $8.5 trillion in economic opportunity.
In two previous posts, we’ve been discussing the importance of measuring onboarding efforts, as well as some basic steps toward developing a measurement program. Here, we’re going to look at some specific types of both qualitative and quantitative measurements.
In a previous post, we discussed the importance of onboarding efforts for setting the stage for an employee’s successful career with an organization, as well as aiding in employee retention. To that end, we made the case for finding ways to measure the effectiveness of your employee onboarding programs.
Job advertisements are a great way to get candidates interested in your open positions, but with Indeed’s recent announcement—the company says they will now be charging recruiting firms for sponsored job ads—some recruiters may be hesitant to pay for job postings going forward.
2018 was a year of robust growth, based on various economic indicators. Gross domestic product (GDP) growth was strong. Corporate profits reached impressive heights, especially in the technology sector. Americans last enjoyed a prolonged period of low unemployment in the 1950s, with current unemployment reaching a level not seen since 1968.