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Human Capital Management
Our Agenda: 1.Challenges 2.Today’s Employee Preferences 3.New Approaches
Human Capital Management
Human Capital Management
Human Capital Management
According to a recent Harris poll, 71% of the workforce is open to changing jobs.
Human Capital Management
Human Capital Management
Human Capital Management
10,000 baby boomers will turn 65 every day - for the next 13 years.
Human Capital Management
Human Capital Management
The Skills Gap Misery Index is 137. Anything above 100 represents a gap in skills when compared to the needs of employers.
Human Capital Management
Human Capital Management
Human Capital Management
69% of 2016 graduates plan to stay in their first job for at least 3 years. 33% plan to stay in their first job 5 years or more.
Human Capital Management
51% of 2016 graduates are willing to work outside normal business hours. 72% are willing to relocate for the right job offer.
Human Capital Management
44% of 2016 graduates would prefer to work for a small or medium sized business. Only 14% prefer to work for a large corporation.
Human Capital Management
60% of 2016 graduates prefer full time employment vs. part-time, or temporary contract work.
Human Capital Management
92% of 2016 graduates want to work for an employer that demonstrates social responsibility.
Human Capital Management
Human Capital Management
Today’s employees want their employment experience “personalized”.
Human Capital Management
Human Capital Management
Today’s employees want their work to be interesting and meaningful.
Human Capital Management
Human Capital Management
Today’s employees want to work in an open and engaging environment. According to Gallup 87% of employees do not feel engaged.
Human Capital Management What Employees Love About Their Job
Coworkers 51%The Work 35%Freedom 15%Learning 14%Manager 9%Product/Service 9 %Environment 8%Benefits 4%Everything 4%
Human Capital Management
Only 25% of employees feel they have professional growth opportunities 1.Too specialized/not given new
projects 2.No open discussion of career
opportunities 3.Have skills that are not being used
Human Capital Management
Only 31% of employees feel strongly valued. 1.Lack of positive recognition 2.Excess focus on the negative/mistakes 3.Lack of guidance and support
Human Capital Management
Human Capital Management
Hiring Process: • Over 50% of candidates will not apply for a job
unless they can apply with a mobile device. • If your application process takes more than a 5
or10 minutes, 25 - 50 % of candidates will not complete the process.
• Automate/streamline your process to appeal to top candidates.
Human Capital Management
Hiring Process: • Utilize validated assessments to scientifically
determine whether applicants have the skills and behavioral traits necessary for success in your organization.
• Are they willing, able, and will they fit with your culture?
Human Capital Management
Hiring Process: • For non entry level positions, utilize
professional references to determine whether applicants have demonstrated leadership potential in a prior role.
Human Capital Management
Management: • Frequent positive reinforcement to balance
necessary corrections. Show appreciation. • Connect work and outcomes to the overall
purpose of your organization – show why it matters.
• Consider mentoring program.
Human Capital Management
Training and Career Development: • Hyper-personalize the training activities. • Frequent lateral movement and project
assessments. • On-the-job training vs formal training. Less
formal and more experiential.
Human Capital Management
Human Capital Management
Training and Career Development: • Create multiple avenues for career
advancement. • Think rock wall vs single ladder to the top.
Human Capital Management
Summary: • Today’s employees want and demand a
different employment experience. • To recruit and retain these employees requires
change in process and management style. • If done well, it can produce a more engaged
workforce that can be more agile and adaptive to rapid change.
Alan Kinsey [email protected] 800-494-5922
Human Capital Management
The information presented by Inquirehire is not intended to be legal advice. Inquirehire recommends that you consult with legal counsel before making any decisions related to the information presented.
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