[http://knowledgeinfusion.typepad.com/.shared/image.html?/photos/uncategorized/ki1_6.jpg]How HR/HCM/Talent Management technologies can help you prepare for 2007. Are you ready?
#1 - Bigger Paychecks
-- 81 percent of employers report their companies will increase salaries for existing employees.
-- 65 percent will raise compensation levels by 3 percent or more while nearly one-in-five will raise compensation levels by 5 percent or more.
-- Nearly half of employers (49 percent) expect to increase salaries on initial offers to new employees.
-- 35 percent will raise compensation levels by 3 percent or more while 17 percent will raise compensation levels by 5 percent or more.
Knowledge Infusion sees more organizations focusing on integration of compensation to talent management to insure that increases/decreases and overall total compensation is adequately reflecting talent management needs of the organization; not just an annual merit increase process.
#2 - Diversity Recruitment - Hispanics Workers in Demand
-- One-in-ten employers report they will be targeting Hispanic job candidates most aggressively of all diverse segments. Nine percent plan to step up diversity recruiting for African American job candidates, while 8 percent will target female job candidates.
-- Half of employers recruiting bilingual employees say English/Spanish-speaking candidates are most in demand in their organizations.
Knowledge Infusion continues to work with clients to insure that reporting around diversity is a key to a global, consolidated database. HR Reporting and Metrics are a key to diversity planning in an organization and one that needs to be addressed early in 2007.
#3 - More Flexible Work Arrangements
-- Nineteen percent of employers say they are very or extremely willing to provide more flexible work arrangements for employees such as job sharing and alternate schedules. Thirty-one percent are fairly willing.
*Knowledge Infusion works with organizations to insure that HR/HCM/Talent Management technologies are in place to assist with collaboration and remote learning such as portals, learning management systems and other collaborative tools for HR such as blogs, wikis, etc.*
*#4 - Rehiring Retirees*
-- One-in-five employers plan to rehire retirees from other companies or provide incentives for workers approaching retirement age to stay on with the company longer.
Knowledge Infusion works with organizations to insure that the workforce plan also includes retirees and how the "Gray Workforce" can be leveraged based on the "People Chain" to insure business goals can be exceeded. Workforce Planning technologies such as visualization, organizational charting, and succession planning are crucial to understanding the need to rehire retirees.
5 - More Promotions*
-- Thirty-five percent of employers plan to provide more promotions and career advancement opportunities to their existing staff in the New Year.
Knowledge Infusion helps organizations use HR/HCM/Talent Management technologies to insure optimal transactional excellence. As organizations work to tweak the workforce more and more to insure retention in 2007, the need for Manager Direct Access and deployment of reporting tools for managers is more crucial than ever.
#6 - Hiring Overseas
-- Thirteen percent of employers report they will expand operations and hire employees in other countries in 2007. Nine percent are considering it.
-- Twenty-three percent of employers report they will hire the most workers overseas in China and 22 percent will hire the most in India.
Knowledge Infusion is working with organizations to insure that their solutions are truly GLOBAL in nature. This includes global consolidation of databases, global deployment of direct access transactions and global business intelligence and talent management solutions. This will become more crucial and key to success into the future for all US based organizations.
#7 - Better Training
-- Seventy-eight percent report they are willing to recruit workers who don't have experience in their particular industry or field and provide training/certifications needed.
Knowledge Infusion helps organizations understand the need for learning, how to use technology to deploy learning management systems and understand the knowledge gaps within an organization. Learning will be more and more crucial as the workforce needs to be upskilled through the year.
Source: Harris Interactive on behalf of CareerBuilder.com (Nov-Dec 2006)
Email us at mailto:info@knowledge-infusion.com if you are interested in learning how we can help you.
Cheers to a great 2007!!
