Are your employees empowered? The “empowered workforce” is a popular trend that has recently caught on, especially among millennials who are looking for more than just a high paying job when planning their careers. You may have even heard it debated in your office as a way to re-focus, engage, and motivate your employees.
Like many new workplace theories, what the term ”empowered workforce” actually is or means can be somewhat vague. The simplest definition suggest that it involves engaging and motivating your employees, but there is a lot more to it, and its impact can be more far reaching than you realize. Read more
We exist in a global economy. Companies are multinational. Talent comes from all corners of the world, and the workforce as we know it continues to become more diverse, dispersed, and global.
Driving forces such as increasingly open economies, the worldwide expansion of organizations, technological advancements and disruption, and the willingness of the modern workforce to “go to where the work is” has created a unique recruiting and hiring challenge for organizations. How do talent managers locate, recruit, hire and incent global executives? Read more
It’s no secret that millennials have become major players in the job market and are reshaping the workforce. Diversity and the gender gap have also become key factors, making the female millennial a very important segment of the talent pool for companies to focus on when recruiting.
PwC explored this important talent segment in a recent report, The Female Millennial: A New Era Of Female Talent. The report explored their key characteristics and what is important to this new generation of female talent.
Addressing diversity and gender parity is top of mind for business leaders and organizations across Canada and around the world, and it makes sound business sense. Statistics show that organizations with a diverse workforce perform better, are on the cutting-edge of new technologies and ideas, maintain an engaging organizational culture and in return see a positive impact on their bottom line.
Exploring your career options can be somewhat of a stealth operation. You don’t want to let your current company know that you are looking until you are prepared to make a move or have an offer. Let’s be honest, how many professionals haven’t found themselves in this situation before – looking to make a career move without your boss finding out? At the executive level, keeping your job search quiet is even more important.
“There is no way to tell the world that you’re open to new opportunities without worrying about your employer finding out,” says Dan Shapero, Senior Product Manager of LinkedIn Careers at LinkedIn, on the LinkedIn Official Blog. Read more
Expecting a big raise in the coming year? Well, according to Morneau Shepell’s Annual Survey of Trends in Human Resources it may have to wait.
Canadian employers are expecting salaries to rise by an average of 2.1% in 2017, down from the projected increase of 2.5% in 2016, and the 2.8% projected increase for 2015, making it the second consecutive year there has been a drop in salary increases. This is the lowest projection in more than two decades. Read more
In a last blog post, How to Recruit Millennials, we discussed the importance of starting to recruit millennials today because they are the executives of the future. We outlined things you need to know about this segment of the workforce and some tips for how to recruit and retain them.
One of the key takeaways from this post was that companies need to create a strong organizational culture that is appealing to millennials. A great company culture will attract top talent in any industry regardless of age or experience. Read more
Start Recruiting the Next Generation of Executives Today
Recruiting millennials is a hot topic these days. As today’s executives, CEOs and corporate leaders begin to retire, millennials are on the cusp of becoming the driving power of the workforce.
Millennials are now moving into middle and upper management positions, and they will hold executive level positions in the near future. Some already do. In fact, by 2020, millennials will make up 50% of the workforce.
Nearly ten percent of Fortune 500 companies have done away with annual performance review, says Cliff Stevenson, a senior research analyst for the Institute for Corporate Productivity, a research network that studies management practices, to the Washington Post.
“The snowball has started rolling,” he said. “I would not be surprised to see next year when we do the large survey again that it may jump into the twenties.”
In total, just over half (52%) of all companies conduct some form of performance review, but most are failing to take advantage of advanced technology to gain insights into the effectiveness of their workforce. Read more
Do you ever feel like you are just going through the motions? Not getting as much done as you would like? Many people feel the same way you do. Between the stress of work, lack of sleep, and our busy lifestyles, many people spend a large portion of their day checked-out, not focused on the task at hand.
From an organizational standpoint, this does not bode well for productivity, efficiency, and ROI. Research shows that people spend close to 47% of their day thinking about something other than what they are actually doing. Read more