Economy

Nearly 500,000 New Jobs Added This Year

Employers continued to add nonfarm jobs at a rapid pace in February, increasing payrolls by 235,000 during the month, blowing past predictions of a more modest increase. Adding to economists’ surprise, the U.S. Labor Department’s monthly employment report also showed wages rising by 6 cents an hour, a penny more than January’s 5…

Jobs Surge In February, Gaining 235,000

Employers continued to add nonfarm jobs at a rapid pace in February, increasing payrolls by 235,000 during the month, blowing past predictions of a more modest increase. Adding to economists’ surprise, the Labor Department’s monthly employment report also showed wages rising by 6 cents an hour, a penny more than January’s 5 cents….

Deloitte Report: Technology Is Changing All the Rules

Deloitte’s annual human capital report was just published. I look forward to this one every year because it’s backed by a massive amount of data collection and analysis, it’s easy to read, it always throws at least one curve ball, and there’s a TON of useful information. This may be the most on…

The Rush to the Cloud Is Putting HR In Charge of its Tech

It’s a good time to be in the HR technology industry. Last year over $1.96 billion was invested in HR tech startups across 13 categories, including recruitment, career development and automation. There’s also a dizzying number of mergers & acquisitions taking place, with analytics poised as the next big category. But for the…

3 Questions Talent Acquisition Leaders Need to Ask Themselves About Their Company’s Layoffs and the Impact on Job Seeker Perceptions

Outplacement firm Challenger, Gray, & Christmas reports that “the new year started with an increase in corporate downsizing,” led by the retail industry. There are many good reasons why talent acquisition leaders need to consider the perceptions and actions of potential applicants during a RIF, since nearly all employers downsize under the premise…

The Big Squeeze: Too Much Money and Too Few People Means Recruiters Will Struggle

Recruiters in the U.S. can expect to be busy filling a lot of jobs in the coming years. What makes this likely are the massive amounts of money flowing into U.S. stocks from other countries; investors switching from lower-yield bonds into stocks; and the return of a substantial portion of the $2.5 trillion…

Don’t Forget That the People You’re Competing Against Just May Be Your Next Hires

According to Moody’s, 71 percent of corporate respondents and 86 percent of private equity investors anticipate an increase in M&A transactions in 2017. While 2016 produced 17 percent year-over-year drop in global deal values, this year is expected to bring a bounce-back in activity, with a strong focus on technology. As new conglomerates…

Employers Add 227,000 Jobs In January, But Slow Wage Growth

Hiring surged, wages slumped, and the unemployment rate rose slightly in January, as the first month of the new year and a new administration showed the economy, though strong, could still be confounding. The U.S. Labor Department’s Bureau of Labor Statistics said employers added 227,000 workers to non-farm payrolls during the month, well…

Human and Machine: Better Together

Applications for Talent Acquisition For years, computers posed a minimal competitive threat to the world’s elite chess players. In a 1985 event, grandmaster Garry Kasparov put up a 32-0 record against his computer challengers simultaneously. Twelve years later came his 1997 defeat to IBM’s Deep Blue, which represented a symbolic inflection point in computing power. Not only…

Ahead For HR: Everything Is Changing This Year

Note: This is part two of two parts. Find the first part here. The new year is upon us, and it’s shaping up to be an even wilder ride than its predecessor. What’s on the horizon, and how can HR and L&D leaders guide first-level managers (often, they’re the newest and most vulnerable…

The Future of L&D Is More Different Than You Think

Every year, the Deloitte Human Capital Trends report is a treasure trove of insight into organization behavior and opportunities for success. You can go back to it multiple times and get something new each time. This is true for the 2016 report as it was for previous reports. I was re-reading the chapter…

How a CRM Can Help You Hire Faster and Better

Today’s labor market has become candidate-driven. With multiple job opportunities to choose from and easy access to information about companies and their employment brand, candidates act more and more like consumers. At the same time, there’s a strong demand for skilled specialists in many areas (programmers, marketers, consultants, etc.) all of which has…

Latest ADP Buy Is Bet That Analytics Trend Will Accelerate

The big vendor news this week was the acquisition of The Marcus Buckingham Company (TMBC) by ADP. It’s not so much the size of the deal — TMBC is a boutique performance management consulting and services firm; no price was announced. Instead, the significance of the deal is two-fold: It continues ADP’s march…