Workforce Watch List: Supply Chain & Logistics

supply chain and logistics staffing needsThe field of supply chain and logistics is exploding at a rapid pace.

45% of companies view their supply chain management as a strategic asset and, of that group, 70% see higher, better performance in their business. More and more organizations are quickly realizing the value of implementing robust teams to focus on the transportation and storage of their goods. Not only can a top supply chain team make an organization run more efficiently, it can also provide significant bottom-line savings.

Three major themes in the world of supply chain logistics are cost reduction, technology, and opportunity for growth–and they all go hand-in-hand. While cost reduction is a major supply chain trend so is maximizing the profitability of the supply chain which includes implementing new technology (RFID tracking systems, process automation tools, etc.) and better efficiency across the board. Other cost-saving methods include reducing carbon dioxide emissions. Many organizations are kicking these efforts off by hiring logisticians to audit their business to see where pain points and weaknesses exist and removing those barriers to save money.
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Workforce Watch List: Human Capital Trends in 2014

human capital trendsIt’s an interesting time to work in the human capital industry. Many factors are affecting how companies can attract, retain, and nurture talent, including things like aging baby boomers, social media, and government legislation. Read on to learn what human capital trends will dominate the industry in 2014.

Baby Boomers and Millennials

As Baby Boomers begin their exodus from the workforce, the next largest group (even larger than the baby boomers) is Millennials and, if organizations want to succeed, that means that they need to develop ways to entice the younger generation to work–and stay–at their company.

Part of attracting the Millennial group means addressing their concerns. If you’re in a hiring manager, human resources, or talent acquisition role, be prepared to talk about job growth opportunities, benefits (ie, with rising cost of education, does your organization offer tuition reimbursement?) and unemployment, to name a few. With 92% of companies using social media for recruiting, hiring managers will need to reach out to this group proactively. And, of course, as Baby Boomers leave a gap in the market for Millennials to fill, healthcare, and legal compliance issues will continue to be driving forces for change in human resources departments across the country.

How will social media affect the human capital landscape?

Did you know that over 14.4 million people found their current job through social media? Organizations incorporating digital strategies and social media into the way they recruit and retain talent will see much more success than those that don’t. Apart from the fact that recruiting via social lends itself to brand awareness and increased clout with a younger demographic, it gives recruiters and human resources professionals a leg up as well. A simple keyword search about a potential candidate can tell you all need to know and then some. Social media is also enabling hiring managers to proactively reach out to candidates who may not necessarily be looking for opportunities.
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Workforce Watch List: Increasing Employee Productivity

Happy employeeWhen morale is high, employees feel healthier, more alert, and more sociable. In this collective state of mind, employee productivity can increase by as much as 22%.

Additionally, these employees show increased creativity, a heightened sense of ownership in their work, and “good vibrations” that spread to other coworkers and nurture a more competitive and active workplace.

High morale can also help combat worker disengagement – which is an increasingly relevant workplace phenomenon that is costing U.S. companies more than $450 billion annually.  High morale also a key factor in keeping your best talent with the company, and in avoiding the high costs of employee turnover.
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Workforce Watch List: Mortgage & Banking Jobs

Mortgage and banking jobs

While the mortgage and banking industry is improving, it’s still pretty unpredictable. One minute economists are saying we’ll see a growing demand for mortgage and banking jobs, and the next they tell us the opposite. We’ve identified several workforce trends to help you navigate your way through this sector despite the industry turmoil.

How are current regulations affecting hiring needs?
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2014 Workforce Trends: Part 2 – Where the Jobs Aren’t

201302-wpe-post-headerWith a new year and new jobs data having been released by the Bureau of Labor Statistics, we are publishing a two-part blog series to highlight some of the latest job market trends. In part one, we discussed job sectors experiencing growth, touched on emerging industries and explored some thriving geographic regions. In part two, we’ll look at some of the industries predicted to decline in 2014 and geographical regions where job growth has slowed. 

The unemployment rate is the lowest it’s been in five years. Job growth in healthcare, technology, construction, and retail is booming. But the good news has yet to reach several sectors of the U.S. economy. As the digital revolution continues to change consumer behaviors and demand, many sectors are increasingly forced to cut jobs, often in staggering numbers.

Declining Industries

There are no surprises here. The industries that will experience the most dramatic decline in 2014 have been suffering for years.
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2014 Workforce Trends: Part 1 – Where the Jobs Are

201302-wpe-post-headerWith a new year and new jobs data having been released by the Bureau of Labor Statistics, we are publishing a two-part blog series to highlight some of the latest job market trends. In part one, we’ll discuss job sectors experiencing growth, touch on emerging industries and explore some thriving geographic regions. In part two, we’ll look at some of the regions and job sectors in decline for 2014. 

The recession seems to be in the rearview mirror and job growth is occurring in many sectors, making 2014 a promising year for employment figures across the board. This is good news for the U.S. economy and a welcome refutation of last year’s doomsayers who believed that the economy would falter in the near future.

Pundits galore predicted that the unemployment rate would rise in 2013 and 2014, driven by a perfect storm of returning vets, Baby Boomers unable to retire due to losses from the housing crash, reduced consumer spending, and increased offshoring of jobs to China and elsewhere.

The numbers, however, tell a different story. In November, the private sector added 238,000 jobs. The unemployment rate dipped below 7 percent for the first time in five years and seems poised to continue its downward course. Baby Boomers are indeed retiring, freeing up much-needed employment opportunities for Millennials. Meanwhile, manufacturing costs in China appear to be rising, rather than falling. These factors are driving job growth across a variety of sectors.
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