3 HR Tech Trends Worth Watching

3 HR Tech Trends Worth Watching

Staying on top of HR tech trends can help your company manage HR tasks more effectively, whether you’re tracking applicants and candidates, managing employee engagement or administering benefits. Watch these 3 HR tech trends to ensure you’re staying current on the capabilities. Real- Time Analytics More powerful software means more capabilities, and real-time results are one of the most important advances for strategic HR departments. Being able to manipulate real-time data and gain actionable insights is a significant factor in making HR a strategic business function instead of a purely tactical one. Real-time analytics are especially useful in employee engagement and performance. The explosion of cutting-edge HR technology has placed tremendous responsibility in the hands of talent management professionals, according to a study from SilkRoad. The company has done research into tech usage among HR professionals and found that growth across a variety of channels will continue in the coming years. According to SilkRoad, 62% of HR managers want to use data more effectively …

CONTINUE READING

October Is National Cybersecurity Awareness Month

Cybersecurity Awareness

We are thrilled to introduce our guest writer this week. Brian Edelman, CEO of Financial Computer Services (a data security company with more that 20 years of experience), is a nationally recognized technology advisor who specializes in both financial services and technology. Making him uniquely qualified to advise on the risks of data security breaches and how to prevent them.   It only takes a single infected computer to potentially infect thousands and perhaps millions of others- Cybersecurity, A Shared Responsibility.   Cybersecurity has emerged as  a top Priority for the Department of Homeland Security,  we now live in a world that is more connected than ever before and as technology advances, our lives become easier. However, as people become more reliant on modern technology, we bring an increased risk that threatens our finances, identity, and privacy. Cyber exploits such as corporate  security breaches, social media fraud, and spear phishing- which targets employees through …

CONTINUE READING

Employers Increasingly Use Social Media To Find Job Candidates

Employers Increasingly Use Social Media To Find Job Candidates

Social media is now a part of daily life for the majority of Americans — and it’s becoming an important tool for human resource professionals searching for job candidates. New research from the Society for Human Resource Management (SHRM) found that 84% of organizations are using social media for recruitment and another 9% plan to do so in the near future. Approximately two-thirds of American adults (65%) use social media compared to only 7% a decade ago, according to a Pew Research Center report. Considering the vast number of people who interact on social media, and the amount of information that can be gleaned from posts and profiles, it’s no surprise the social networking phenomenon has impacted employee hiring. For SHRM’s “Using Social Media for Talent Acquisition — Recruitment and Screening” survey, 410 HR professionals were asked how their organizations use social media to recruit and screen job candidates. Almost 90% of organizations reported they use social media to post job advertisements and three-quarters …

CONTINUE READING

Could The New DOL Overtime Rule Cost You Your Job?

DOL Overtime Rule

While the financial world continues to acquaint itself with the Department Of Labor’s (DOL) Fiduciary rule, and the impact it will have on the industry, another DOL ruling is looming just around the corner.  Effective December 1, 2016 an estimated 4.2 million employees will become eligible for overtime compensation.  The new DOL overtime regulation will raise the current overtime rate for employees from $455 a week, to $913. That means employers will have to pay overtime compensation to any employee making less than $47,476 annually ($913 weekly). To account for wage growth, these numbers will be updated every 3 years.  For many this is welcome news. Since the Fair Labor Standards Act in 1975, 60% of salaried workers in the U.S. were eligible for overtime. Over the years inflation and regulatory changes have weakened the rules in place, and today only about 7% of salaried workers receive overtime compensation. According to DOL Secretary, Tom Perez, this new …

CONTINUE READING

Ever Wondered Just Who Insures the Olympics?

Just who insures the Olympics?

With the Rio Olympics in full swing, we wanted to know just who insures the Olympics? Well, that’s a pretty complicated question. With 308 events showcasing the talents of 11,551 athletes, over $9 Billion in infrastructure and transportation investments, and over 300 gold medals ranging in value from $10,000 to over $1 Million, there are a multitude of Health, Disability, and Property & Casualty risk and coverage concerns that are inherent to the Olympics. When Medals are Meddled With One area of concern is the coverage of potential loss of an Olympic medal, especially gold medals.  These can range in value depending upon factors such as which sport they are awarded in or if they have some specific historical significance. For example, one of the four gold medals won by Jesse Owens in the 1936 Berlin Olympics was sold in 2013 for $1.47 Million. While this medal probably has its …

CONTINUE READING