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March
31, 2008 |
Reveille & Hyperbole
Regional and State Employment and Unemployment: February 2008. Regional and State unemployment rates were little changed in February. Overall, 20 States and the District of Columbia recorded over-the-month unemployment rate decreases, 19 States registered increases, and 11 states had no change. Over the year, jobless rates were up in 26 States and the District of Columbia, down in 20 States, and unchanged in 4 States. The national unemployment rate was essentially unchanged in February at 4.8 percent, but was up from 4.5 percent a year earlier.
DirectEmployers Association's purpose is to develop and manage the JobCentral National Labor Exchange.
Its related Internet systems and software helps employers increase labor market efficiency and drastically reduce recruiting costs.
Hewitt Associates, a global human resources services company, has signed an agreement to acquire CSi - The Remuneration Specialists, a specialist compensation consultancy that provides highly regarded data, analytics and compensation consulting solutions to organizations in Australia and New Zealand. Founded in 1985, CSi offers high-quality survey data on specific industries, occupations, and a wide range of job types, to companies of all sizes in Australia and New Zealand.
Company nameMassachusetts Mutual Life Insurance Co. (MassMutual) unveils a career center that introduces career changers, industry veterans, and college graduates to a career with MassMutual through the eyes and words of its agents. The website features a MassMutual agency manager, sales team manager, experienced agent, career changer, new agent and intern, who describe their careers and experiences in their own words.
Headquartered in San Mateo, CA, Originate Resources, LLC is a full-service staff-augmentation firm, from venture technology firm Originate, Inc. The new venture offers contract, contract-to-hire, and full-time placement services through an innovative model that provides discounted pricing to early and mid-stage startups in exchange for equity. This structure allows entrepreneurs to conserve valuable cash, while at the same time vesting top notch IT-staffing professionals in their ventures' long term success.
NurseAuction.com, based on the law of supply and demand, is designed to spur interest in the nursing field, increase the retention of nurses by compensating them for their worth, and set a trading floor that will determine market prices for nurse shifts.
Hodes iQ is an award-winning talent management system enabling human
resources to automate its recruitment processes and create a strategic talent advantage.
Friendly for recruiters, Hodes iQ offers powerful tools from sourcing through onboarding,
as well as robust reporting, OFCCP, and candidate experience features. Solutions are
available targeting the Fortune 1000 (Hodes iQ Enterprise), mid-sized companies (Hodes iQ
Standard), health care (Hodes iQ for Healthcare), and small companies (Hodes iQ Starter).
www.hodesiq.com
In Depth
Vurv Technology, a global provider of technology and services for building great workforces, announced the results of its 2008 talent management wish list survey. The survey highlights what organizations of all sizes believe to be the most critical talent management and HR initiatives for 2008.
Organizations were asked to rank the top three issues they would like to address in 2008 from a list of 10 topics that covered onboarding, ROI, retention, succession planning, employment branding, leadership development, competency management and metrics.
Over a third (36%) of respondents identified "mastering the onboarding process" as a key area of focus while 35% selected "executing a successful retention strategy." Thirty percent of survey respondents selected "enhancing e-brand with career site" as an area they wish to focus on.
Retaining top talent is critical issue uncovered by the Talent Management Wish List Survey. While attracting key personnel remains a concern, organizations increasingly are coming to understand the impact that keeping employees longer has on both direct and indirect costs savings, as well as work quality, productivity and employee morale. With a tighter labor market and less loyalty in the workforce it is essential for companies to have a strategy in place to engage and retain their top performers.
The results correlate with the wider industry trend of HR departments worldwide shifting their focus to more strategic initiatives. Issues such as onboarding and retention are no longer viewed as secondary to completing paperwork. As more research indicates that new hires decide how long they will stay with a company within the first 30 to 90 days of employment, organizations are reevaluating their onboarding process to better engage employees from day one. Many organizations are taking the necessary steps to create a successful onboarding process that helps new employees succeed and feel more connected to the workforce, realizing that it will ultimately result in decreased turnover, shortened time to contribution, greater engagement and job satisfaction.
"This survey has given us great insight into the key talent issues that businesses are facing. Being armed with this knowledge will further allow us to better help our customers achieve their goals," said Amy McGeorge, COO of Vurv. "There is an even greater need to find and nurture top talent given current economic conditions and future indicators. Our products can help organizations of all sizes address these issues and make a real change in how their HR function operates and is viewed by the business."
Download an executive summary of the results.
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