The need for continual investment into employee training and reskilling has never been greater. According to a recently published IBM report, 120 million workers in the world’s 12 largest economies will need to be reskilled over the next three years as a result of automation and AI-driven innovation alone. That’s before even mentioning the fact that 7… Read more »
Workplaces are ever-evolving environments. With the gradual introduction of Generation Z into the workforce, there are going to be plenty of companies who are going to count members from all 5 current generational groups under one roof. But how do you manage them all collectively? How can you ensure you retain the wisdom of the… Read more »
Bad hires cost businesses both time and money. To put some figures on these poor recruitment decisions, the US Department of Labor reports that a bad hire will cost a firm at least a third of their first year’s salary. However business leaders have called that figure a low-ball estimate with Zappos CEO Tony Hseih… Read more »
It’s no secret that a bad hire is one of the most expensive mistakes a business can make. Zappos CEO Tony Hsieh once valued his own hiring mistakes at “well over $100 million.” Jörgen Sundberg, CEO of Link Humans, put the cost of a mid-level managerial hiring misstep at $840,000. What causes companies to make such expensive mistakes? “Often,… Read more »
Construction firms across the state expect to step up hiring significantly in 2019 to meet a growing demand for the industry. There’s just one problem — a labor shortage that has plagued construction for years. According to a Florida member survey by the Associated General Contractors of America, about 83 percent of firms expected their… Read more »
The economy added a healthy 250,000 jobs in October, the Labor Department said Friday in the last employment report before midterm elections that President Donald Trump has cast as a critical referendum on his stewardship of the economy. The unemployment rate was unchanged at a near 50-year low of 3.7 percent. Annual wage growth topped 3 percent… Read more »
The US unemployment rate fell to 3.7% in September, the lowest rate since December 1969. Figures from the Department of Labor also showed the US economy created 134,000 jobs during the month, fewer than were expected. Significant jobs growth was seen in professional and business services, healthcare and construction. Average hourly earnings rose at an annual… Read more »
You did it. You applied for a position at a practice, navigated the interview process, and, after a long wait, received the news you’d been hoping to hear: We’d like to offer you the position. All of your hard work and patience have paid off. Time to celebrate, right? Not so fast. There’s still one… Read more »
Forty-five states and the District of Columbia added construction jobs between August 2017 and August 2018, while 33 states added construction jobs between July and August, according to an analysis by the Associated General Contractors of America of Labor Department data released Sept. 21. Association officials welcomed the job gains but noted that the numbers would have been higher… Read more »
U.S. employers sped up their hiring in August, reversing several months of slowing gains. Some 201,000 jobs were added, with the unemployment rate holding steady at 3.9 percent, according to the monthly jobs report released by the Labor Department. Wage growth accelerated, with hourly earnings rising 2.9 percent year-over-year. Economists have been puzzled by wage… Read more »