As the first half of 2022 winds down, it’s a good time to conduct one of the workplace’s most exciting exercises: the mid-year performance review. Actually, I am kidding about the “exciting” part; we all know that most performance reviews stink, but that is a topic for another time. This mid-year review is concerned with how well your organization’s HR technology solutions have been performing, including the questions to ask to make that determination and a few ideas for improvement (if your HR tech doesn’t rate with “exceeds expectations”).
Announced late last month, the retail giant’s Walmart Academy aims to deliver job-specific retail training and future skills training, plus leadership and wellness courses, to its more than 2.3 million employees globally in the coming months.
Whether we call it the Great Resignation, the Great Reevaluation, the Great Reset or something else, finding, attracting and retaining talented workers remains among the top challenges facing HR leaders. With the unemployment rate in the U.S. at a near 50-year low, 4 million-plus workers voluntarily quitting their jobs each month and time-to-fill increasing dramatically (in some cases, over 60 business days, more than double the historical average), HR leaders are being forced to look for more creative ways to address their hiring and retention challenges.
Epidemiologists and virus hunters are not the only professionals who have been trawling through rivers of data searching for insights since the start of the COVID-19 crisis. Tech-savvy HR leaders at Fortune 500 companies, in particular, have been turning an eye to their copious people data to drive real transformation inside their organizations.
The workforce of the future will be more agile, more focused on projects and will thrive in an environment where employees are given opportunities to be creative, inspired and fulfilled.
Fourth Annual List Highlights Those Helping to Innovate and Transform the Industry
PALM BEACH GARDENS, Fla., May 03, 2022 (GLOBE NEWSWIRE) -- Human Resource Executive® and the HR Technology Conference & Exposition® today announced the 2022 Top 100 HR Tech Influencers. Now in its fourth year, the annual list spotlights leaders and experts across a wide range of fields, each consistently making an impact with their work in HR technology and helping organizations solve HR pain points.
Meetings in the near future may take place in the “metaverse,” a network of 3D virtual worlds that will be powered by leading social media and software giants like Facebook, Apple and Microsoft. And, according to new research, younger employees are ready for this new paradigm—which means HR needs to be ready, too.
If there was any skepticism that we are in the clutches of a full-on labor shortage in the United States, the most recent Bureau of Labor Statistics data confirmed that fewer than 7 million unemployed workers were available to fill 11 million jobs posted in December of last year, equaling 1.7 openings for every available worker. Other highlights included multiple months of increasing voluntary job quits, the lowest level of seasonal worker layoffs on record and a 4.5% increase in wages and salaries over the last three months of the year. And this isn’t just a U.S.-based issue: Sapient Insights’ 2021-2022 Annual HR Systems Survey of over 2,000 organizations found that the ability to attract top talent was 10% lower than last year for EMEA and Asia-Pacific headquartered organizations—pointing to a global talent shortage. With the current labor environment, organizations must work to address the ever-ethereal topic of workforce planning.
HR leaders are in the strangest and most challenging environment and must adapt quickly and decisively if they are to survive and thrive in the coming months. This was the warning from HR industry analyst Josh Bersin in his keynote address about the future of the HR tech market at HR Tech Virtual.
The tech world may be marching into the future on a path lit by artificial intelligence and machine learning, but most human resource leaders are spending their days trying to solve challenges around talent acquisition, retention and the Great Resignation.