Chieh Huang, co-founder and CEO of online shopping site Boxed Wholesale, got a job teaching English in Japan as his first job out of college. The experience helped him years later when he was learning to navigate the venture capital world.
As employers seek to reduce the costs of untreated mental illness among staffers, they are turning to mobile apps that can help workers find and receive treatment on their smartphones.
Just under half of U.S. workers said they felt satisfied with their jobs last year—the happiest they’ve been in a decade, according to a new report from the Conference Board, a research group.
Starbucks said it would be offering employees new health-insurance choices as part of an effort to make the coffee chain a more attractive employer.
Business schools have long been pushing to enroll more students from underrepresented minorities. Now, a slate of pre-M.B.A. programs are making sure those students arrive on campus with strong networks and career know-how.
The first half of 2016 has been a surprising reality check for once-highflying online lenders, touted by some as the future of banking.
Irving Levine and his Copley Fund take first place in the quarterly Winners’ Circle contest.
New CEOs who are outsiders sometimes use small changes to steer a company toward a broad corporate transformation.
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