Trends in Skill and Education Requirements Changing

Trends in Skill and Education Requirements Changing

According to Jennifer Schramm, GPHR, manager of workplace trends and forecasting for the Society for Human Resource Management (SHRM), today’s tough job market has resulted in many individuals working in positions for which they have educational qualifications beyond those required for their jobs. “However this may not be the case down the line,” Schramm said. “Education requirements are climbing for jobs across the board.” That’s the conclusion of research conducted by SHRM in partnership with Achieve (a bipartisan, non-profit organization that helps states raise academic standards), involving a national survey of nearly 4,700 HR professionals. The goal? To find out where HR professionals believe skill and education requirements for various positions are headed in the near future. An Analysis of the Responses Reveals these Important Trends: Almost half of the HR survey participants said that a higher education level is required for most jobs now than ten years ago. Compared …

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Do Your Policies Make It Too Hard for Employees to Use Their Benefits?

Do Your Policies Make It Too Hard for Employees to Use Their Benefits?

The employee benefits your company provides aren’t worth much if your employees can’t figure out how to use them or find the process you’ve established too onerous to bother with. Employees who don’t understand their benefits will express less satisfaction with them, and policies that make employees jump through a bunch of hoops to use those benefits will often discourage them from trying. Problematic policies may include requiring a doctor’s note to take a sick day, not communicating clearly about benefit enrollment deadlines, or requiring real-time monitoring or reporting requirements for employees to take advantage of flexible work arrangements. Here’s what you need to do to make it easier for employees to access their benefits. Shift Your Mindset Keep in mind that the benefits you offer are meant to attract and retain the top talent you need to build your business. Federal law doesn’t mandate paid time off for vacations, …

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Big Data Trends in the Financial Industry

Big Data Trends in the Financial Industry

Banks, brokerages and other financial institutions are all looking for ways to put big data to work these days. According to a study by the IBM Institute for Business Value, more than 70% of financial companies that use big data analytics say it creates a competitive advantage for their organization.   Financial organizations tend to have a lot of data, and mining that data can help them find a way to maintain their edge with customers. “The key is making sure you use big data for what it is, a signal of how people have responded to a set of past circumstances,” says Eric Nalbone, head of performance marketing for Kabbage, which provides funding to small businesses. Here’s a look at the biggest trends in how financial firms are using big data in their organizations. Applying It to Risk Management Financial institutions and companies that want to protect themselves and …

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Using Technology for Successful Mentor Matches

Mentoring, the process of passing knowledge and experience along to others is an ancient concept that remains relevant in today’s workplace. In fact, it’s perhaps one of the most powerful and cost-effective ways to develop talent. Mentoring doesn’t require the expense of external training and it can assure the transference of organizational knowledge. Strong mentoring programs can also help businesses attract top job candidates. Unfortunately, many mentoring programs are problematic and simply don’t work – often because they take too much time for HR professionals to facilitate personal match-ups or for employees to find suitable mentors on their own. In a recent interview published in Workforce, Brian Kropp, who heads Corporate Executive Board Co., an advisory firm in Arlington, Va., pointed out that among the approximately 1,300 firms his firm works with, 70% have some sort of mentoring program in place. However, he noted “The vast majority of them are …

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The Importance of Certificate Tracking

Certificate tracking can seem like a complicated and tedious process, but it’s important to work out a reliable system for all of your vendors and partners to help protect your organization from excessive risk.   “You need to have their certificates on file because you want to be sure that they are carrying the required coverage, and if you need to file a claim with their carrier [that] you have the information that you need,” says Dana Gold of Dana G. Gold Risk Management and Insurance Consulting Services. Here’s why reliable certificate tracking is so important. It Improves Transparency Vendor relationships work best with a healthy sense of trust and transparency, and that extends to insurance coverage. If your vendor, supplier or other business client isn’t able to provide certificates for the coverage they’re expected to carry, follow up and find out why. This could be a sign that they …

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