Americans overall are working less and sleeping more than they did a decade ago, due to an aging population and fewer people in the workforce. But those who have a job are spending more time on the clock
Goldman Sachs is dropping on-campus interviews at elite schools in a bid to widen the net and get more summer recruits who aspire to a career in banking rather than a short stint.
The wage gap between male and female workers widens at around age 32, the same time that women start to become underrepresented in managerial ranks, finds a new report from workforce analytics firm Visier.
It turns out that workers’ performance varies over time—much more so than previously thought, according to a new research paper.
Co-author Tom Davenport of the new book “Only Humans Need Apply” speaks on knowledge workers and how the threat to professional workers from automation is not a new fear.
Employers are cooling toward certain wellness benefits for workers, a large study by the Society for Human Resource Management found.
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