From Our Blog:
Remember the dreaded “war for talent”? The term was coined back in 1997 by consultants from McKinsey & Co and spurred an explosion of articles and blog posts warning of the dark days to come. Well, the war for talent turned out to be more like a series of small battles which never really escalated to full scale war, as the dotcom implosion of the late 90s and the economic crisis in the late 2000s dramatically reduced competition for talent.
Now, as the economy returns from almost a decade of stagnant growth and high unemployment, pundits are starting to ponder if the war for talent will return – for real this time.
Look at the evidence: 3 million jobs added in the last year. That means 3 million more people with paychecks to spend. At the same time, new home sales jumped 23% in the last year. In May of this year, Americans purchased 1.64 million cars – the most since July of 2005. Best of all, consumer confidence numbers are up across the board, showing that Americans are feeling more positive about the overall set of economic trends.... read more
Many industries are seeing rapid growth and HR is turning to their RPO partners for advice and strategic assistance to recruit skilled candidates in larger volumes from the limited pool.
For example, CVS Health serves an aging population that is expected to increase the volume of prescriptions they need in future. To better serve their growth in customers, CVS Health is enhancing its technology systems and is looking to recruit more IT professionals such as programmers. ... read more
Is your careers site driving away candidates? One way to ensure you attract top talent is to have a top notch career site, a user friendly interface and a simple yet direct application process.
According to Jason Berkowitz, Vice President of Client Services, Seven Step RPO, “A high-quality career site is a competitive advantage in seeking talent. Our research shows that the average candidate will spend less than 60 seconds on a career site before deciding if they want to pursue a job with that company, so it’s important that a career site be strategic and impactful.”... read more
Graduation season is upon us and the class of 2015 seem more prepared than ever. According to a recent study by Accenture Strategy 2015 U.S. College Graduate Employment Study, grads have been receptive to the growing need for STEM degrees.
We’re seeing more students taking their long-term careers more seriously and investing in their future. They are preparing themselves for the “real world” by pursuing internships, training opportunities and higher education. The issue that grads are grappling with is underemployment and low salaries. Which is why we are seeing more fresh and eager talent head towards the flashier startup companies. ... read more