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  • Lack of data literacy proves costly to employers

    Lack of data literacy proves costly to employers

    News by Editorial Team 30 Jan 2020

    According to the latest report from Accenture and Qlik dated 22 January 2020, the lack of data literacy in employees cost their employers five days of productivity per person each year. The researchers pointed out in the report how data could fuel a culture of innovation and growth, however when employees don’t have the required knowledge to use it, resulting in lowered productivity because of procrastination and sick leave. The report emphasized continuous learning as the key to growth.

     

    read more at HRDIVE
  • Non-existent work life balance for corporate professionals in the US

    Non-existent work life balance for corporate professionals in the US

    News by Editorial Team 30 Jan 2020

    In the recent survey by Neuvana of about 1,076 US professionals revealed ‘work-life’ balance is almost non-existent for most of the professionals thus prompting them to work continuously even from home. The report also threw light on about 60% of respondents working remotely at least once a month and about 51% revealed working from elevates their stress levels. The report suggested employees need to take a break from time-to-time to ensure there is no burnout at the workplace.

     

    read more at HRDIVE
  • Earn Gen X loyalty with customized health plans!

    Earn Gen X loyalty with customized health plans!

    News by Editorial Team 29 Jan 2020

    In a recent survey by Welltok dated 23 January 2020, it was found that Gen X wanted their employers to play an active part in their health. The survey report revealed about 70% of the employees felt the organization should do more to support holistic health. The group of Gen X was surveyed in December 2018 and there were about 500 employees with full-time positions. Welltok concluded the report by saying employers could reinforce loyalty among the Gen X workforce by offering benefits that would meet their personal health and well-being needs.

     

    read more at HRDIVE
  • Skills test to become a part of hiring process in 2020

    Skills test to become a part of hiring process in 2020

    News by Editorial Team 29 Jan 2020

    According to the research by Tilr dated 22 January 2020, HR professionals revealed that they plan to include skills tests in their hiring process from 2020. The surveyed HR professionals described skills as the ‘new talent currency’ and ranked it as the number one factor in the jobs market, with culture fit and learning capacity following closely at numbers two and three respectively.

     

    read more at HRDIVE
  • Hybrid jobs evolve into super jobs

    Hybrid jobs evolve into super jobs

    News by Editorial Team 29 Jan 2020

    The recent development in the jobs front includes hybrid jobs – the jobs that require a blend of both technical and soft skills – evolving into super jobs. With workplaces adopting technology including AI and RPA to do some of the work, it has become necessary for the workforce to be competent in both technical and soft skills in order to succeed at a workplace. Some of the hybrid skills recruiters look for include analytical abilities, empathy and communication and a keen desire to learn and grow as per the industry experts.

     

    read more at HRDIVE
  • AI drives changes in recruitment & learning!

    AI drives changes in recruitment & learning!

    News by Editorial Team 28 Jan 2020

    The recent report released by INSEAD dated 22, January 2020, revealed that AI has transformed numerous parts of work including talent acquisition. However, the report also revealed a disturbing fact stating the uneven distribution of AI skills across the industries and nation, without proper intervention, could lead to a widened digital divide. The report emphasized the importance of creating an internal team and less reliance on external vendors for AI initiatives. Emphasizing on other important facts, the experts featured in the report revealed that buying and building talent would be the best strategy to adopt AI-driven initiatives in the organization.  

     

    read more at HRDIVE
  • HR feels 'overcommitted' with 2020 talent expectations!

    HR feels 'overcommitted' with 2020 talent expectations!

    News by Editorial Team 28 Jan 2020

    According to The Hackett Group’s Annual Key Issues Study, the top goal for HR in 2020 is to drive organizations’ performance and growth while navigating the digital transformation and this has left HR feeling ‘overcommitted’ under the rising expectations. The report emphasized talent management and development along with addressing skills gap were the top HR priorities in 2020, the sectors are also the critical development areas for HR departments, inferring requirements might be needed in the said areas.

     

    read more at HRDIVE
  • Employees suffer loneliness in their jobs – Cigna!

    Employees suffer loneliness in their jobs – Cigna!

    News by Editorial Team 28 Jan 2020

    In the latest nationwide Cigna study dated 23 January 2020 revealed that about 61% of the employees suffer from loneliness in their jobs. According to the report, the number is up from 54% in 2018. The study also emphasized the most afflicted by loneliness were Gen Z, entry-level and senior-level employees, telecommuters and Gig workers. The study revealed that the 2020 Loneliness Index also indicated the fact about lonely workers taking double the number of sick leaves, missing the workdays five times more due to stress as compared to their non-lonely workers.

     

    read more at HRDIVE
  • Align business strategy with talent to increase retention!

    Align business strategy with talent to increase retention!

    News by Editorial Team 27 Jan 2020

    According to The Predictive Index's State of Talent Optimization Report, aligning talent with business strategy could significantly increase retention, performance and company competitiveness. The report featured a study of about 600 executives including 200 CEOs and revealed alignment between talent and performance yields almost 90% strategic success rate for businesses. The report also highlighted the lack of talent strategy (at about 36%) and only a handful at about 12% of them aligned it with business strategy. The report featured other important facts as well, an organization should take notice – as talent retention is the topmost concern with most of the companies.

     

    read more at HRDIVE
  • Improve employee experience to accelerate retention!

    Improve employee experience to accelerate retention!

    News by Editorial Team 27 Jan 2020

    In a recent survey by LinkedIn dated 21 January 2020, a majority of leaders about 96% of talent leaders felt improving the employee experience would become more important for organizations to retain their talent and grow their bottom line as well. The report emphasized the need for an active collaboration by listening to employees and initiating the change of their behalf. The report surveyed about 7,000 talented leaders and only about 52% of them responded in an affirmation about their organization offering positive employee experience to their workforce.

     

    read more at HRDIVE
  • Goldman Sachs insists one diverse member on board before going public

    Goldman Sachs insists one diverse member on board before going public

    News by Editorial Team 24 Jan 2020

    In a recent development, Goldman Sachs’ Chief Executive David Solomon said on 23rd January 2020 from 30 June Goldman Sachs Group Inc., would only help the companies go public if there is at least one diverse board member. The policy would currently apply to the US and European companies and would increase over time, with the Bank requiring two diverse board members from June 2021. While Solomon didn’t define what did the company mean by ‘diverse’ candidates but informed that focus is on women.

     

    read more at Reuters
  • Pay equity issues to be in forefront in 2020

    Pay equity issues to be in forefront in 2020

    News by Editorial Team 24 Jan 2020

    According to a Payscale Inc. report dated 22 January 2020, it was found transparent pay policies did neutralize some of the gender pay disparity between men and women working on the same positions across majority of jobs. The report revealed even while working on the same projects in the same geographic location, women still earned 98 cents for every dollar a man earned in that position. It also reported millennial women were doing better in terms of compensation at ($1.02) as compared to the women of other generations.

     

    read more at HRDIVE
  • Gender diversity is the new goal for organizations in 2020

    Gender diversity is the new goal for organizations in 2020

    News by Editorial Team 24 Jan 2020

    As per Bloomberg’s Gender-Equality Index, about 39% of organizations have public targets to increase women's leadership. According to the announcement dated 21 January 2020 about 16% of firms have shared their plans to bridge the pay gap. The employers listed in the index include PayPal, Gap, Chipotle, among others. Interestingly, while 2020 was the first time Bloomberg tracked organizations that went public with their plans, it is believed the number of the firms on the list has increased from 230 in 2019 to 325 in 2020.

     

    read more at HRDIVE
  • McDonald's launches an pp for employees' education benefits!

    McDonald's launches an pp for employees' education benefits!

    News by Editorial Team 23 Jan 2020

    McDonald’s announced the launch of its new mobile app on 22 January 2020. The mobile app would allow its employees to ‘maximize education benefits and take the next step in their professional journey,’ revealed the proclamation. The mobile app launch is the latest development in the learning space McDonald’s has started previously.  According to the announcement, the app that has been created in an association with the ‘Council for Adult and Experiential Learning’ and Inside Track advisors, would serve as a career-advancing tool for employees.

     

    read more at HRDIVE
  • Talent crunch hit new heights globally in the last decade!

    Talent crunch hit new heights globally in the last decade!

    News by Editorial Team 23 Jan 2020

    According to a survey report released by ManpowerGroup dated 17, January 2020 the global talent shortages have doubled up in the past decade. The report discovered that about 54% of the international businesses reported severe skill shortages and extreme difficulty in attracting talent in 2019 as compared to 2018.  The report also found out about Gen Z’s preference for money and career development; women gave double the importance of salary as skills development while men treated skill development on par with money. As Jonas Prising, Chairman & CEO ManpowerGroup said in the release, “Creating shareholder value can only be done in conjunction with taking care of employees, customers, and communities, so listening to the voice of the consumer is key."

     

    read more at HRDIVE
  • Workers' tech knowledge gaps are risky!

    Workers' tech knowledge gaps are risky!

    News by Editorial Team 23 Jan 2020

    The statement released by GetApp dated 22, January 2020, revealed some disturbing facts prominent in the workplace. The statement revealed employees are unprepared for data breaches and the emergence of AI. The study revealed employees need proper training to embrace AI in their daily business practice. It also emphasized the number of employees, which was just slightly more than half of the employees who had formal security training. The study concluded with the note that going forward HR needs to take more initiative in offering proper training to the employees.

     

    read more at HRDIVE
  • PepsiCo launches 'passport to success' program for employees!

    PepsiCo launches 'passport to success' program for employees!

    News by Editorial Team 22 Jan 2020

    In a recent announcement by PepsiCo dated 16 January 2020, the company announced the launch of an online program ‘gender-smart’. The program is aimed at equipping prospective candidates with ‘work readiness skills.’ According to the proclamation, the skills covered in the program would include skills like conflict management, communication, critical and creative thinking – that are a must-have in today’s corporate world. The declaration also revealed that the program also aims to support young women by featuring scenarios with women in different roles and responsibilities.

     

    read more at HRDIVE
  • Hourly personnel unaware of W-2 & 1099 worker classification distinctions!

    Hourly personnel unaware of W-2 & 1099 worker classification distinctions!

    News by Editorial Team 22 Jan 2020

    According to recent research from the on-demand staffing technology platform, Bluecrew revealed that almost 57% of the hourly employees surveyed informed that they didn’t understand the difference between W-2 and 1099 Workers. The research further revealed that hourly workers neither knew nor could identify the benefits entitled to independent workers. Further the study, also revealed that about 84% of the independent workers informed that common worker protections and benefits were either more important than flexibility or equally important. 

     

    read more at HRDIVE
  • Nationwide announces $160M investment in future of work

    Nationwide announces $160M investment in future of work

    News by Editorial Team 22 Jan 2020

    The recent statement released by Nationwide dated 13 January 2020, revealed that the organization would be investing about $160M in the Future of Work. The statement revealed that the organization would spend the said amount during the course of five years and plans to offer all its 28,000 US employees digital literacy and ‘future capabilities’ training. According to the statement, each employee would receive a personalized curriculum, business unit-specific learning opportunities, and a targeted career path. 

     

    read more at HRDIVE
  • Delta pays $1.6 billion in profit sharing bonuses to employees

    Delta pays $1.6 billion in profit sharing bonuses to employees

    News by Editorial Team 21 Jan 2020

    Delta Airlines enjoyed a successful 2019 and instead of offering verbal thanks to its employees, the company announced $1.6 Billion in profit-sharing bonuses for its employees. According to the Delta spokesperson, the profit payout to employees for 2019 is a record amount but at the same time, it is the sixth year in a row that the company would be paying out more than $1 Billion to employees. Delta CEO Ed Bastian on LinkedIn said, "Delta would be nothing without our 90,000 people. They deserve all the credit." Profit-sharing is one of the ways to reduce turnovers and increase employee retention rates.

     

    read more at CNN

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