Today’s labor market is tight. At the start of 2019, the U.S. economy had seen the longest run of job growth since 1969 and the current unemployment rate is still holding steady at about four percent. Year-over-year wage growth is also the strongest it’s been in a decade. The robust economy has shaped an ideal market for employees, where the demand to fill open positions is outpacing the supply of talent. You’d think employees would look at this as an opportunity to shop their talent to the highest bidder, right? But are workers actually looking to move on?
Posted: 04/24/2019 - 06:50
Posted: 04/12/2019 - 01:10
If there’s a part of any company that ought to understand the value – the business value – of diversity, it’s procurement. Buyers have to build relationships with a cast of characters, both suppliers and internal clients, who have very different objectives, vision, culture and modes of communication. And that cast seems to get bigger and more diverse all the time. It’s more than any one person, or any one kind of person, can handle.
Posted: 04/06/2019 - 09:03
When social media came onto the scene, it was like manna from heaven for recruiters because it elevated the networking environment. We could “friend” prospective candidates and contact them directly. The recruitment process became faster, and it was much easier to get a more robust picture of a potential recruit.
But along with the benefits came the drawbacks.
Posted: 03/15/2019 - 00:58
As technology advances in this digital age, with exciting developments coming thick and fast, many associate the forefront of innovation with Silicon Valley and the tech giants that dominate the global headlines. There are innovations happening around the world, but, when it comes to outsourcing, many of these hubs are overlooked.
Posted: 03/02/2019 - 02:40
The job market has changed radically in the last four years. This is now a candidate driven market and employers consistently name skills shortages as their primary challenge in refining procurement. This lack of talent is what holds companies back from getting to the next level. It stagnates growth, market share and revenue.
Posted: 01/15/2019 - 03:52
Not so long ago, Blockbuster (remember them?) and Netflix ran a similar service. In fact, at the turn of the millennium, Blockbuster had the opportunity to purchase Netflix for a lowly $50 million. Blockbuster turned it down in what must rank alongside the country and western community’s response to rock and roll as a passing fad for “most short-sighted decisions of all time.” Today, Netflix has more than 100 million subscribers worldwide and a revenue of $11.69 billion. Blockbuster, on the other hand, filed for bankruptcy in 2010.
Posted: 01/09/2019 - 01:45
Posted: 12/21/2018 - 03:07
It’s an exciting time for your business – you’re looking to expand and hire workers in a new state. This might be your first time and you’re beginning to realize that it comes with heaps of administrative items, set-up and legal considerations. There are some important processes to establish to ensure that you can support your workers while also staying compliant with each state’s employment laws.
Posted: 11/29/2018 - 01:47
Based on the speed with which the world is adopting and embracing new technology, we could easily have 500,000 IT roles to fill by 2020. For companies around the world, building new products to compete (and win) against competitors is hard, and the game is only getting tougher. Talent is difficult to find and even harder to retain. If you’re not using innovative technology, you’ll undoubtedly struggle in the war for IT talent.
Posted: 11/23/2018 - 04:41
The job market is booming – the number of open jobs exceeds the number of Americans who are unemployed. In October, the U.S. Department of Labor reported job growth of 250,000, locking in a 3.7 percent unemployment rate – the lowest since 1969. Due to America’s growing economy, thousands of companies across the country are prospering and looking for strong talent.