When To Hire Raw Talent vs. Job Experience
Experience is a must for some jobs, but people with raw talent offer unique benefits. You have two candidates for a position. One is experienced and knowledgeable while the other is inexperienced but talented. Which one should you hire? Making the right decision can be a source of competitive advantage for your business. Here’s a few quick rules of thumb for when to hire for each and the pitfalls to [...]
What Employers Should Have Learned From The Great Resignation
The Great Resignation forced leaders to think of effective ways and alternatives to retain staff. Here are the main takeaways employers should have grasped by now. There is no denying that the world has shifted during the height of the pandemic. In the years 2020 to 2021, there has been a historic record of employee turnover, and this incident occurred globally. During this period of uncertainty, it has coaxed individual workers [...]
The Great Resignation Is Turning Into The Great Uncertainty
The United States government is pouring cold water on the economy and job market to battle inflation. It seems like a masochistic policy, as people must lose their jobs to reduce costs. With such a heavy-handed approach, it's understandable why Americans are left dazed and confused. For over a year, the U.S. experienced a blazing-hot job market, but now the good times have ended. When there is a sudden and [...]
Trends In Human Resources And The Workplace You Need To Know About
Post-Covid America was projected to see a modern-day resurgence of the Roaring Twenties. However, in 2022, Americans are contending with inflation and talks of a recession, stagflation, layoffs, downsizing and war. The economic, geopolitical and macro events impact human resources and the job market, resulting in the following workplace trends. Layoffs, Downsizing, Rescinded Job Offers Since May, tech startups have laid off nearly 27,000 workers, according to layoffs.fyi. Tesla CEO Elon Musk, who said [...]
The New Power Dynamic Shift From Employees To Employers
There is a power dynamic shift taking place between the employee and employer. For the last year and a half, workers were in high demand. Desperately needing staff as the economy reopened, companies catered to the workers. Businesses offered remote and hybrid work choices. Some provided flexibility, allowing people to decide where and when they’d like to work. Digital nomads were permitted to do their tasks anywhere in the world. If a person [...]
The Split-Screen Job Market: Low Unemployment, High Turnover, Plenty of Openings – And More Layoffs Ahead
Every day seems to bring a tale of two job markets. On the one hand, data, like Friday’s better-than-expected jobs number, shows a labor market where unemployment remains low and the economy continues adding jobs, even beating economists’ forecasts. Earlier this week, the Labor Department reported that job openings slipped but hiring demand remained strong, while the turnover rate stayed high. Yet on the other hand, the news cycle seems to bring near-daily [...]
Planning A Hiring Blitz? 7 Ways To Beat The Odds
If you’re rolling out big plans to increase your workforce in Q3, brace yourself: so is everyone else. Every U.S. sector is planning a hiring push from IT and technology (up 59%) to finance and real estate (up 48%) to wholesale and retail (up 40%) to health, social work and government (up 33%). But we’re also experiencing one of the most extreme talent shortages in the last 16 years. One of [...]
When to Hire Raw Talent vs. Job Experience
Experience is a must for some jobs, but people with raw talent offer unique benefits. You have two candidates for a position. One is experienced and knowledgeable while the other is inexperienced but talented. Which one should you hire? Making the right decision can be a source of competitive advantage for your business. Here’s a few quick rules of thumb for when to hire for each and the pitfalls to [...]
Boomerang Hires: How To Leave The Door Open For Employees And Ensure Their Smooth Return
Sometimes the talent you’re looking for is nearer and more familiar than you think. In the past, welcoming back a former employee might have been a no-go. However, it’s now increasingly acceptable as businesses consider creative ways to fill vacancies amidst the Great Resignation. According to LinkedIn, 4.5% of all new hires among companies on its platform were boomerang workers in 2021, compared to 3.9% in 2019, while research finds that nearly one [...]
Taking The Long View With Your Talent Strategy
As the talent market and business climate evolves, there is also an evolution happening to the strategies around talent and culture. We are moving from an industrial era mindset and approach in our education and development to a continuous learning approach in how we grow the talent and the skills that we need for the future of our businesses. The days of long tenures at businesses and thinking that the [...]