Hyer’s Post

"One of the side effects of the persistently tight labor market is that more companies have recognized that they don’t need to own all their talent. C-suite leaders and workforce decision makers are starting to understand that they may need a more dynamic approach to get the skills they need when they need them." #HR #recruiting

The talent shortage continues to be a problematic reality in the world of business. You know it, your boss knows it, all of HR knows it... but what can possibly be done about it? Today's short, yet powerful, article dives deeper into this conversation by proposing a first step: https://bit.ly/3WuGZJV #HR #management #manager #talentshortage #article

A new report from the UKG Workforce Institute (based on survey responses from more than 300 HR leaders at U.S.-based manufacturing companies), has highlighted the industry’s ongoing struggle to stay adequately staffed and fill skills gaps. The report states that: 👉🏽 More than 75% of manufacturers are finding it difficult to fill critical labour gaps. 👉🏽 66% say it’s taking them longer than usual to fill open positions. 👉🏽 Over the last year, manufacturers experienced an increase in employee turnover (62%) and unfilled jobs (57%). 👉🏽 54% say that their annual rate of turnover was more than 20%. It's a tricky market out there. But I don't need to tell you that. The Sterling Choice team can give you a hand in recruiting the right people, for the long term. You can read the full article here, if you fancy: https://loom.ly/XZ29WNU #Recruitment #Candidates #Hiring

As the business landscape continues to evolve, we find ourselves facing a unique set of challenges. The labor shortage, exacerbated by the COVID-19 pandemic, has reshaped the way we approach talent acquisition and workforce management. In this rapidly changing environment, our commitment to adaptability and innovation shines brighter than ever. At [Your Company Name], we understand that the key to success lies in our ability to evolve with the times. 1. Join the conversation: How is your organization addressing these challenges? What strategies have you found effective in attracting and retaining top talent in this competitive job market? 2. Let's share our experiences, insights, and best practices to empower one another in building a stronger, more resilient workforce for the future. #LaborShortage #Workforce #COVID19 #BusinessAdaptation #TalentAcquisition #LinkedInPost https://lnkd.in/ghpUfGUZ

Interesting read by Josh Bersin about the ever changing landscape of work, HR, talent, development and the ideal mindset of today’s C-Suite: that labour is no longer to be seen as an expense, but an asset and it’s greatest one at that (when developed in the right way). #leadershipdevelopment #hrchallenges

There’s been huge demand over the last week, for information on the current HR market and how it’s tracking. With the next HR market video a couple of weeks away, here’s a bite-sized snapshot: Where’s the current focus for HR? Overall – largely talent attraction & retention along with employee experience. This has been obvious since Q2 and largely remains the key focus for HR teams. From the Executive HR level, it’s all about cost optimisation and operating with slightly leaner HR teams than 2022. Where’s the movement? Largely between the junior-mid levels. There’s been a recent spike in demand for the likes of Coordinators and Advisors, quite a few of which are newly created roles. We have seen a recent uptick across movements in the L&D niche, while the senior market has plateaued over the last 3 weeks, following increased momentum at the start of Q3. What roles are popular? Your HR niches. ER takes the cake, followed by L&D and REM. Your HR Business Partners and Generalists between $140K-$180K are popular as ever, even moreso for those with ER/IR inbuilt capability. If you want top talent in these niches, be prepared to have a slick EVP and recruitment process to land them - talent across these areas aren't easy to move in the current market. How is it looking overall? Has the market softened slightly? Yes. Though it’s worth remembering there are multiple factors to this outside of the economy. We typically see a lull around September where talent stay put to receive their bonus payouts before picking the job search back up. There are a tonne of hands up from HR talent looking to move before the end of the year, particularly at the Senior-Executive level. Regardless of the current climate, it’s worth noting that the majority of businesses are still operating off growth agendas. Feel free to pop me a call to chat in more detail, there's plenty more intel to run through. m: 0434 039 406 #hr #humanresources #talent

Recent reports indicate that approximately 33% of US hiring managers expect employee turnover to rise this year, with HR managers estimating an average annual turnover cost of $36,295. This continuing trend adds to the existing strain on the workforce due to past years' high turnover rates.   As the workforce landscape continues to evolve, the need for strategic retention tactics becomes increasingly vital. With turnover rates on the rise and 88% of organizations proactively planning to hire (a significant increase from last year’s 81%), we remain dedicated to supporting our clients in navigating these challenges and securing top talent for their teams. #adroitpartners #turnover #workforcetrends

🔍 Navigating Manufacturing's Labour Challenge: Insights Unveiled! 🛠️ Despite strides in production, revenue, and shifts, 76% of manufacturers are grappling with critical labour gaps, and 66% are facing prolonged recruitment cycles, according to a recent UKG Workforce Institute report. The urgency is palpable as manufacturers are addressing this long-standing issue with people-centric strategies and tech innovations. 🌐 Let's transform manufacturing's talent landscape together! 💪 #ManufacturingTalent #EquityInIndustry #PeopleFirstApproach

The dynamics of the labor market are changing. Explore key strategies for workforce retention and engagement in this must-read article. #PeoplelinkStaffing #EmployeeRetention #Workforce #LaborMarket

20% of U.S. hiring decision-makers surveyed said turnover cost their companies 💰 $100,000 or higher 💰 in lost productivity and rehiring costs. This isn't set to improve either ➡ 33% of U.S. hiring managers believe employee turnover will increase at their company in 2024, leaving a financial impact and burdening remaining employees. Employee retention has become a top priority for both operations and HR, even surpassing revenue or sales growth for some companies, according to a Gallagher report.  We'll be discussing this topic at an upcoming executive forum exclusively for C-suite and senior leaders. If you'd like an invitation, you can request an invite here https://lnkd.in/eef5viq3 #retention #hrdevelopment #wellbeing