General Motors’ Mary Barra and JPMorgan’s James Dimon shared stories from their own careers and talked frankly about how things work in their own businesses at a Women in the Workplace event in New York Tuesday night.
More U.S. businesses are bolstering efforts to retain top executives of acquired concerns because unwanted exits can doom a takeover.
Across the country, new laws are requiring paid sick leave for more workers, but employers are having a hard time keeping up with regulations that differ in each jurisdiction.
Business boot camps, called accelerators and led by entrepreneurs, are helping musicians craft long-term business plans and pitch investors to boost their exposure.
A move by the federal government to shut down a major accreditor of for-profit colleges has set off a mad scramble by the schools to find another group to vet their status as worthy of receiving federal student aid.
A growing movement is taking root among judges around the country to actively push younger lawyers into court.
General Electric—one of the country’s oldest industrial businesses—has set up a new software division that is working to lure tech talent from Silicon Valley titans, such as Apple and Cisco.
Using the same gestures, posture or tone as someone else can create a connection and help with networking, negotiating or other conversations.
As the competition for critical talent in the U.S. intensifies, organizations must better understand the supply and demand for critical workforce segments. Companies must begin to identify the skills in their organization that will help drive future growth. "With the relative aging of the population, it is bound to bring with it many changes to the economy of the U.S.-some foreseeable, many probably not," according to Alan Greenspan, Chairman of the Federal Reserve emeritus.
Today, the average cost to replace an employee is one and a half times their current salary when you factor in benefits, on-boarding and training and development. That cost is expected to double in the next 25 years. According to the Bureau of Labor Statistics, by 2012 there will not be enough skilled workers in the U.S. to staff all of the nation's jobs.
The real talent gap in the United States involves selected skill sets. Four industries in particular will suffer a mass exodus of employees including: Healthcare, Manufacturing, Energy and the Public Sector. With a decrease in the employee workforce, companies are challenged with the question of whether or not there will be enough qualified workers in the United States to do the work at an acceptable cost. Organizations must be prepared to manage divisions or business units that will be heavily impacted by waves of retirement and the impact retirement will have on critical skill sets and productivity needs.
- The Bureau of Labor Statistics
- Deloitte research 2008-Do you know where your talent is?
- HR Magazine Vol. 50, No. 3