Tech Executives Express Optimism About Revenue & Employment Growth

While technology executives report that they are ramping up deployment of automation and machine learning across several functions of their company, they also claim they are planning to hire more people over the next several years, according to the results of a survey of U.S. technology CEOs by accountancy firm KPMG. Released on July 11, the findings of a survey of 138 U.S. technology industry chief executives from internet, hardware, software, cloud, and IT services companies showed that around three-quarters of the respondents believe that automation and machine learning are likely to replace at least 5% of their manufacturing, technology, sales, and marketing workforce over the next three years. At the same time, more than half (55%) of respondents said they expect their company’s headcount to grow at least 6%. Almost 60% of the CEOs surveyed said they expect annual revenue growth for their organization over the next three years …

CONTINUE READING

Inflation, Your Retirement & Purchasing Power

You hear it all the time: you should make sure your retirement savings at least keep pace with inflation. But what is inflation and how does it really affect your retirement savings? Let’s explore. In simple terms, inflation is defined as an increase in the general level of prices for goods and services. Deflation, on the other hand, is defined as a decrease in the general level of prices for goods and services. If inflation is high, at say 10% – as it was in the 1970s – then a loaf of bread that costs $1 this year will cost $1.10 the next year. Inflation in the United States has averaged around 3.29% from 1914 until 2016, but it reached an all-time high of 23.70% in June 1920 and a record low of -15.80% in June 1921. Most will remember the high inflation rates of the 70s and early 80s …

CONTINUE READING

Beyond Pay and Policing: 4 Things Your HR Department Should Be Doing This Year

Your human resources department is going to be busy in 2018, but busy doing what? Are you going to spend another year drafting policies and punishing rule-breakers? Or will 2018 be the year your HR department becomes a real force to be reckoned with in your organization? It’s time for HR to tackle bigger issues than just payroll and compliance. Here are some suggestions on where to start. Improving Safety The safety of the workforce should always be a priority for everyone within an organization, but this responsibility most often falls directly to HR. It will be HR that will deal with worker’s comp claims, rising insurance rates and any Occupational Safety and Health Act violations that arise from unsafe practices, so it would benefit HR to spend more time on safety training in the future. “The role HR can play is to promote safety as a core value of …

CONTINUE READING