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Whitepapers
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Recruiting Trends Survey
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Written by Rich Cober & Sponsored by Direct Employers Association — This report highlights the findings from the survey responses of 50 Talent Acquisition and Management Practitioners who represent leading companies across several industries
• Fifty-five percent (55%) of New Hires were sourced from the Internet in 2006, a number that reflects approximately 8% growth over our 2005 results.
• The majority of recruitment dollars are being spent on advertising/posting on General Job Boards, however, satisfaction with the Return on Investment from this source appears to be relatively low. In line with these findings, respondents indicated, in open-responses, a growing frustration with General Job Boards due to financial and management costs. In relative terms, Employee Referrals and Organizational Web Sites were perceived
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Shifting Demographics: The Search For Talent
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Finding the right employees has always been one of the toughest challenges facing small and medium-sized firms. In recent years, the shortage of good workers has created significant barriers to growth in some sectors. This is not just an issue in Ontario or Canada. It is a worldwide
problem. The bad news is that the labour shortage is going to get worse. A whole lot worse. In fact, many HR experts believe that all the ingredients of a “perfect storm” are converging on the workplace. The competition for good employees will become as fierce as the competition for good customers. In this report, CEOs of rapidly growing Ontario firms talk about their experiences in finding, recruiting and retaining employees. Experts also provide valuable insights into the changing nature of the workplace and human resources management.
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Canadian Demographics – Aging Workforce
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Declining birth rates and increasing life expectancy are driving a demographic shift towards an older population across the developed world. This is leading to an aging workforce and increasing numbers of people who may potentially retire and leave the labour market, with profound consequences for economic growth. In Alberta and British Columbia, rapidly expanding economies in both provinces mean many organizations are already facing challenges meeting their human resource needs. At the same time, perceptions of retirement are changing, with many mature workers showing an interest in having options to remain active in the labour force, even after they have formally “retired.”
This discussion paper is intended to assist the Governments of Alberta and British Columbia, and their partners, in responding to the issue of labour and skill shortages.1
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USA Demographics – Aging of the American Workforce
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The aging and retirement of the Baby Boomer generation is a dramatic demographic transformation for our country. According to the U.S. Census Bureau, by 2030, 19.7 percent of the population, or about 71.5 million Americans, will be 65 or older, compared with just 12.4 percent in 2000. The aging of the American people will affect many aspects of our society, from the health care system to financial markets, and has many implications for the U.S. labor market. Employers rely on the skills and experience of this skilled labor pool, and as the population ages and more people retire, many industries could face worker and skill shortages.
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Strategies to employ and retain older workers
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As the U.S. population ages and the number of people reaching traditional retirement ages increases, employers may need to do more to attract and retain older workers, many of whom are highly experienced, knowledgeable, and skilled. To attract older workers, however, employers may need to rethink traditional workplace practices. Many older people prefer part-time work so they can enjoy more relaxed lifestyles and pursue leisure activities. Others need flexible schedules to accommodate family care responsibilities or their own physical limitations. Many older people can afford to cut back their work hours only if they have access to employer retirement benefits. Policies that prevent part-time workers from collecting retirement benefits from their current employer often force older workers to leave their career job and work reduced schedules elsewhere, squandering firm-specific skills accumulated over long careers. Read More…
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The Perfect Storm Why Talent Management is a Board Room Issue?
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In less than five years, two emerging trends will force organizations to start paying acute attention to their critical talent. The first is the retirement of the Baby Boomers, with the first major group retiring in 2008. Their impact will be rapidly felt. Over 40% of managers will be eligible to retire in the next 5 years. In the public sector this problem is even more severe – more than a third of all governmental employees will likely retire in countries such as the USA, Canada, and Australia. Over the next 15 years, 80% of the workforce growth will occur among people 50 years or older. By 2050, over 40% of Europe’s total population will be people over 60.
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Dr. Cindy Gordon
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