Procter & Gamble shook up its senior management ranks, naming new leaders for key businesses and narrowing the field of potential successors to CEO A.G. Lafley.
Luxottica named a P&G veteran as a co-CEO on Wednesday, seeking to put an end to a month of turmoil caused by the return of founder Leonardo Del Vecchio to active management of the world’s largest eyewear group.
Critical thinking is a critical skill for young workers these days, but what bosses mean by that and how to measure it is less clear.
Millions of older Americans are holding fast to their jobs, even though they could afford to retire. But walking away just might be the best thing for their health and happiness.
Unemployment rates for both New York state and New York City both dropped in September, according to the state Department of Labor
Amid dueling meetings and scarce space, companies try new ways to ease competition for space.
Only a few hospitals in the U.S. are currently treating Ebola patients, but health-care workers around the country are on edge. Issues around communication, training and even pay are cropping up.
Evaluate the sources of gossip, the nature of rumors and their potential damage when you are the subject of the rumor mill at work. Experts offer techniques for silencing the whispers.
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