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I tend to follow particular themes instead of doing one-off projects because our primary business model is annual subscription, although we do make many research publications and webinars available for free. Trish] I see real workforceplanning and management strategy as the top issue facing HR leaders in 2015.
With the Social Security trust fund projected to deplete by 2033, SSA benefits cuts could potentially disrupt retirement income projections. For HR professionals, these Social Security benefits changes in 2025 demand proactive planning to align total rewards with employee expectations and organizational goals.
As we emerge from the COVID-19 pandemic and the economy continues to strengthen, many companies are wrestling with staffing and workforceplanning challenges, and debating return-to-work scenarios. It is a “hot” labor market, with the number of job openings in the U.S. at a record high of 9.3
Here are key takeaways from the CUPA-HR webinar Budget Reductions in Higher Ed: Strategies, Collaboration, Challenges , which detailed how one institution implemented a multi-step cost-reduction program and ultimately achieved $15 million in savings. Consider a workforce-planning workshop. Watch the webinar recording.
This involves setting up competitive salary packages and comprehensive benefits plans, such as health insurance and retirementplans. Regularly reviewing and adjusting these plans ensures they remain aligned with industry standards. You can pursue workshops, webinars, and courses to sharpen your skills.
It’s also referred to as churn, and includes both voluntary leavers (those that resign or retire) and involuntary leavers (as in the case of redundancies, poor performance, or other cases where the employee was forced to leave the organization). Recommended Read: Why HR Needs Data-Driven WorkforcePlanning to Avoid Talent Shortfalls ].
This blog post was contributed by Linda Harber, retired CHRO from George Mason University and active CUPA-HR contributor. Planning an early retirement program for your institution is a vital part of human resource strategy and operations and can help position HR as a strategic leadership partner, especially during times like these.
People practitioners, however, can bridge the gap between aggressive transformation plans and the wellbeing of employees. Improving workforceplanning is also a leading priority for HR leaders, who predict (on average) nearly 20% turnover in 2024.
It’s also referred to as churn, and includes both voluntary leavers (those that resign or retire) and involuntary leavers (as in the case of redundancies, poor performance, or other cases where the employee was forced to leave the organization). Retirement Trends. Choose the Right Workforce Analytics Solution For The Job.
Post-pandemic, employers struggle to find workers due to factors like the Great Resignation , retirements, and changing perceptions about work. Accurate workforceplanning allows you to proactively align your talent pipeline with your company’s business goals. It’s a shortcut to quicker, smarter hires.
Driving strategic planning: HR works with senior leaders to keep the HR strategy in line with the organization’s objectives. This enables the HR team to identify talent gaps and create workforceplans to then proactively find the right talent for the right position. Getting comp and ben right is important for two main reasons.
to help employees care for their wellbeing Ensure competitive retirement benefits, such as 401(k) plans with employer contributions and matching Look into unique perks that might make the business stand out from its competitors Employee Engagement Initiatives Employee retention is infinitely easier with actively engaged employees.
Compensation : Compensation plans may be terminated profit-sharing, defined contribution retirementplans and all but basic benefits such as medical. Layoffs are common with severance plans progressing from generous to bare bones. They can no longer afford to invest in the business. A key focus is on cutting costs.
Watch the full webinar session, here. Retirement. 7% leave because of a decision to exit the workforce. Watch the on-demand webinar here. For more on the benefits of remote work, check out the on demand webinar here. BUILD a Competitive Compensation Plan. Reimburse higher education. Community support.
While there are free e-learning courses, webinars and other self-directed learning tools available, long-term development is expensive and time consuming. But using HR analytics tools, you can plan in shorter cycles, forecast more accurately, and gain a more holistic view of workforce costs. Shorter planning cycles.
Talent acquisition is a strategic process focused on long-term workforceplanning and development, while recruitment deals with immediate hiring needs. Talent acquisition encompasses employer branding, workforceplanning, and connecting with potential candidates. Flexibility : Nearly two-thirds of U.S.
@mercer : (Patricia Milligan): Advancing the #health, wealth & careers of over 110M people worldwide – Tweeting about #FutureOfWork #DigitalTransformation #Leadership #Retirement #Investments. We offer powerful WFM & HCM tools to manage and engage your entire workforce from pre-hire to retire. Radio Host @SiriusXM.
Preparation requires continually planning around talent, years ahead of the next big push. Strategic workforceplanning is all the rage in the corporate world, given the technological, social, and economic shocks that contemporary businesses face. And we have to figure out how we’re going to fill that gap.”.
It’s also referred to as churn, and includes both voluntary leavers (those that resign or retire) and involuntary leavers (as in the case of redundancies, poor performance, or other cases where the employee was forced to leave the organization). Recommended Read: Why HR Needs Data-Driven WorkforcePlanning to Avoid Talent Shortfalls ].
In a webinar for People Analytics World , Visier’s Ian Cook and Caitlin Bigsby were joined by Kevin Erikson, Head of Talent at Novartis, to discuss strategies for the pressing issues of talent retention facing many organisations. .
Workforceplanning, applicable processes and savvy tools are necessary to reveal the truth. In fact, be sure not to flaunt it in front of a retired HR pro. Find out how to weave them into your workforceplanning and be amazed at how easy they are to access. Engagement Scores. Employee engagement. Just kidding.
@BenFanning1 : #INC Magazine Leadership Columnist and Speaker: Free report to get the most out of your workforce. BerkshireHR : (BETH RONNENBURG) Berkshire provides solutions for applicant management, compensation management, affirmative action, workforceplanning, diversity, and professional training.
Bosnia and Herzegovina has embraced digital transformation, and companies often leverage virtual onboarding tools, webinars, and online resources. Employers in the country understand the significance of providing a comprehensive benefits package to attract and retain a skilled and motivated workforce.
Michael has been a frequent public speaker for conferences and webinars, and now is the host of The Source, sponsored by DailyPay. Terri Gallagher: And their skillsets are very high in demand because there’s a lot of them leaving the workforce, and they’re retiring at record rates.
This insight helps you plan for your next steps where you evaluate an investment in an internal communications tool like ContactMonkey. Optimize workforceplanning to mitigate attrition risks Workforceplanning is essential for ensuring that your company has the right people in the right roles, both now and in the future.
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