Latest Talent Intelligence
Every week we keep our valued clients, advisors and brand ambassadors up-to-date with the latest trends shaping Executive Talent Acquisition. The following is a taste of the type of articles we share. If you wish to be part of our private collaborative community, please contact Geoff.
Big Economic Boost From More Women Leaders
Source: Scoop.co.nz. December 5, 2017
Getting more women into leadership roles could boost the economy by almost $900 million, according to new research commissioned by Westpac. The research, conducted for Westpac by Deloitte, shows women hold just 29% of management roles in New Zealand businesses and increasing this to 50% could grow the economy by $881 million.
This Chart Reveals Where AI Will Impact Recruiting (and What Skills Make Recruiters Irreplaceable)
Source: LinkedIn Talent Blog. November 16, 2017
LinkedIn’s CEO Jeff Weiner recently predicted that the most important trends impacting the future of work are - AI and automation, the skills gap, and the rise of independent work.
FTSE 100 Banking and Finance Companies Increase Gender and Ethnic Diversity at Board Level
Source: Fintech Finance. November 1, 2017
A new study from Green Park shows the leadership pipeline, supplying the highest tier of management in FTSE 100 banking and finance companies, features the highest level of ethnic minority talent in four years. The pipeline now includes 15% of professionals with a non-white background compared with 5% of leadership pipelines for FTSE 100 companies overall and 6.5% in 2014.
Deloitte's Bersin Finds Effective Use of People Analytics Is Strongly Related to Improved Talent and Business Outcomes
Source: CISION PR Newswire. November 13, 2017
New research by Deloitte Consulting LLP's Bersin shows that people analytics, the use of employee data to help optimize business and management decisions, is strongly related to improved talent outcomes and an organization's profitability.
How These Companies Are Empowering Candidates and Improving Their Experience
Source: LinkedIn Talent Blog. November 7, 2017
Even when you do your best, the reality is that you cant keep every candidate constantly updated on where they stand in the interview process. Inevitably, there are gaps where the candidate is left biting their nails...To keep this from happening, some companies are experimenting with ways to use things like chatbots, online platforms, and other technologies to keep candidates more engaged and informed throughtout the hiring process and improve the candidate experience.
Little change to proportion of women in tech and telco workforce, WGEA data reveals
Source: Computerworld, from IDG. November 17, 2017
There has been little change to the proportion of female employees at Australia’s technology and telecommunications companies, although the gender pay gap is trending down, according to new data released today by the Workplace Gender Equality Agency.
How GoDaddy Increased Diversity at Every Level by Transforming Its Employee Evaluations
Source: LinkedIn Talent Blog. November 6, 2017
GoDaddy had a lot to be proud of. In just a few years, it had reinvented its brand —gone were the racy commercials that had turned women away. In fact, the company has become an industry leader for hiring women in tech roles — by 2015, more than a third (39%) of all engineering interns and new graduate hires were women.
THE VIDEOS JOB CANDIDATES ACTUALLY WANT TO SEE (NOT YOUR BRANDING VIDEO) [NEW RESEARCH]
Source: LIGHTHOUSE research & advisory. November 6, 2017
Candidate experience is on everyone’s lips these days, but the discussion is rare when companies actually ask candidates what they want and attempt to provide it. In our latest research study on Video and the Candidate Experience, we looked not just at how companies are using video but also at how candidates want to consume and interact with video in the hiring process.
New Zealand Businesses Value Aging Workers
Source: Scoop. November 7, 2017
More than half of New Zealand employers value the experience of their workers over the age of 55, according to new research.
Millennial men might be the key to cracking workplace gender issues, says report
Source: Independent. November 1, 2017
Men under the age of 40 are far more progressive on gender diversity in the workplace than older men and are more likely to be supportive of gender diversity, new research shows.
Women in the Workplace 2017
Source: McKinsey&Company. October 2017
Women remain underrepresented at every level in corporate America, despite earning more college degrees than men for 30 years and counting. There is a pressing need to do more, and most organizations realize this: company commitment to gender diversity is at an all-time high for the third year in a row.
A Study Used Sensors to Show That Men and Women Are Treated Differently at Work
Source: HBR. October 26, 2017
Gender equality remains frustratingly elusive. Women are underrepresented in the C-suite, receive lower salaries, and are less likely to receive a critical first promotion to manager than men. Numerous causes have been suggested, but one argument that persists points to differences in men and women’s behavior.
3 Difficult Diversity Lessons From Yelp, Airbnb, and Deloitte
Source: LinkedIn Talent Blog. October 23, 2017
Over 80% talent acquisition leaders and hiring managers say that diversity will be the most important trend shaping the future of recruiting, according to LinkedIn’s Global Recruiting Trends 2018 (coming out in January).
11 Stats From Sheryl Sandberg’s Gender Diversity Report That You Need to See
Source: LinkedIn Talent Blog. October 30, 2017
You might already know that despite women making up 47% of the US workforce, they account for only 20% of C-suite roles. What’s surprising is that just 66% of companies in corporate America have a gender diversity strategy to try to change this.
The 'glass-cultural ceiling' holding diverse women down at work
Source: ABC News. September 7, 2017
When people think of culturally diverse women, they might imagine someone who is passive, unassertive and not particularly ambitious. But new research by the Diversity Council Australia (DCA) and the University of Sydney Business School has challenged that stereotype and found that many are ambitious, capable and resilient.
Global Talent Crisis Lies at Heart of Inequality Debate
Source: World Economic Forum. September 13, 2017
The Human Capital Report 2017 finds countries' failure to adequately develop people's talents is underpinning inequality by depriving people of opportunity and access to a broad base of good-quality work.
How Leading Companies Build the Workforces They Need to Stay Ahead
Source: Harvard Business Review. September 7, 2017
Digital transformation, the industrial Internet, advanced analytics, artificial intelligence, robotics, machine learning and a plethora of other innovations are fundamentally changing the nature of work. The impact of technology will be felt over time, and not overnight, creating the illusion there is time to react. But building a winning workforce for tomorrow starts today. The best-performing companies are already taking steps to attract new talent and widen their lead over rivals. They delineate the skills and capabilities needed to win in the future, identify gaps, and aggressively fill the gaps. Even as strategies, business models, and needed skills and capabilities continue to change as new technologies emerge, successful companies don’t wait to upgrade their workforce.
Why Banning Questions About Salary History May Not Improve Pay Equity
Source: Harvard Business Review. September 5, 2017
In a survey conducted to better understand the relationship between the salary history question and the gender pay gap, researchers at PayScale found that women who declined to give their previous salary were offered 1.8% less than women who did disclose. Men who declined, however, were paid 1.2% higher than men who disclosed. The root of this discrepancy could come down to two biases: people reacting negatively to women who negotiate their pay and employers assuming women who decline are paid less than they actually are.
Why We’ve Moved Beyond Culture Fit (and You Should, Too)
Source: entelo blog. September 6, 2017
Culture fit has become code for “do I get along with this person,” which, in turn, often really means "is he or she like me?" That’s a problem because we shouldn’t base hiring decisions on how much we like people or want to hang out with them. Choosing colleagues is not like choosing friends-- nor should it be. And that’s one reason the idea of culture fit can be so problematic
Title Inflation in the C-suite
Source: ERE Media. September 1, 2017
We decided to take a look at the current state of affairs in our database of job titles. We looked for signs of title inflation in “Chief Officer” titles over the past year, and then we also looked for some long-term historical context with statistics from Google’s analysis of title frequency in books over the past two centuries.
When Hiring Execs, Context Matters Most
Source: Harvard Business Review. September - October, 2017
A broad new quantitative study from the Washington-based research and advisory firm CEB (recently acquired by Gartner) suggests that companies will be more successful if they consider the particular leadership context when hiring for every level.
The simple, damning difference between women’s and men’s profiles on LinkedIn
Source: Quartz. August 29, 2017
It’s no secret that gender bias affects everything from job applications to interviews to everyday office life. A new study shows that sexist norms also infiltrate the way men and women present themselves on LinkedIn.
Using Technology to Reduce Bias in Recruiting
Source: recruitingtrends. August 29, 2017
A recent Deloitte survey finds employers' priorities regarding workplace diversity is centered around recruiting and the use of new tools to reduce bias in recruiting... Research suggests this is with good reason.
A Survey of 19 Countries Shows How Generations X, Y, and Z Are — and Aren’t — Different
Source: Harvard Business Review. August 25, 2017
In the near future, three of the most studied generations will converge on the workplace at the same time: Generation X, the age cohort born before the 1980s but after the Baby Boomers; Generation Y, or Millennials, typically thought of as those born between 1984 and 1996; and Generation Z, those born after 1997, who are next to enter the workforce... In a survey of 18,000 professionals and students across these three generations from 19 countries, we found some important differences in their aspirations and values.
Gender diversity statistics - NZX Regulation
Source: NZX. July 20, 2017
NZX has released gender diversity statistics for the 12 month period ending 30 June 2017.The presentation of this information, and the quantitative breakdown of data for NZX Main Board issuers, has been updated in response to industry feedback that quarterly reporting was not presenting enough meaningful information to the market.
8 Innovative Ways Companies Are Using Virtual Reality to Recruit
Source: LinkedIn Talent Blog. July 18, 2017
"...one area that AR and VR is really making waves in is recruiting, with lots of companies adopting these technologies to improve their candidate experience, create fun skill-based tests, and show candidates that they’re on the cutting-edge of innovation...Here are eight companies that have given their hiring process a reality check."
Does blind recruitment actually achieve its aims?
Source: HRD Australia. July 12, 2017
The Victoria Police, Westpac Bank and Deloitte are just some of the major organisations who have embraced blind recruitment in order to boost diversity...However, a new study appears to contradict the hypothesis that blind recruitment is always more effective at boosting diversity.
5 Stats About Women In the Workforce That You Need to Know
Source: LinkedIn Talent Blog. July 5, 2017
There’s no doubt that progress is being made in terms of leveling the playing field for men and women in the workplace. In fact, 74% of women early in their careers have every intention of reaching the executive level.
How to Predict Turnover on Your Sales Team
Source: HBR. July - August Issue, 2017
Companies worry about employee attrition in every department, but it’s especially costly in one function: sales. Estimates of annual turnover among U.S. salespeople run as high as 27%—twice the rate in the overall labor force
Unilever Is Ditching Resumes in Favor of Algorithm-Based Sorting
Source: Inc. June 28, 2017
Dutch-British Unilever, one of the largest consumer goods companies in the world with over 400 brands, is experimenting with a process that relies on artificial intelligence and an algorithm to recruit and sort job applicants
An evidence-based approach to diversity and inclusion
Source: HR Magazine UK. June 26, 2017
"Gender and ethnic diversity in UK organisations have recently been subjected to significant public scrutiny...poor progress is, in our view, a consequence of the limited attention paid to the evidence for the effectiveness of such initiatives when making decisions about which actions to take"
175 CEOs and senior execs of the US's biggest companies have signed a pledge committing them to annual diversity goals
Source: Business Insider Australia. June 12, 2017
CEOs and senior executives of 175 of the United States’ largest companies announced Monday that they are pledging their organisations to annual diversity goals and are forming a committee to ensure they follow through
Seventy-Two Percent of Working Americans Surveyed Would or May Consider Leaving an Organization for One They Think is More Inclusive, Deloitte Poll Finds
Source: CISION PR Newswire. June 07, 2017
A recent Deloitte survey found that inclusion can play a major role in a professional's decision to choose an employer
Press release: UK employers asked to publish age data in support of Business Champion older workers target
Source: Business in the Community UK. May 23, 2017
Government’s Business Champion for Older Workers, Andy Briggs, is calling on UK employers to publicly commit to employing 12% more older workers by 2022 and to publish their workforce data by age.
Introverts tend to be better CEOs — and other surprising traits of top-performing executives
Source: The Washington Post. April 17, 2017
New research finds that better performing CEOs are slightly more likely to be introverts, rarely hold Ivy League degrees, often have career failures on their resume -- and have several traits in common, including their ability to make fast decisions. (iStock)
Women still struggle to clinch top positions in government globally
Source: EY News. March 19, 2017
Public sector leaders overwhelmingly acknowledge that gender diversity in senior leadership is critical to success, yet women remain significantly under-represented in senior roles, according to a new EY Women
People Analytics Isn’t as Hard as You Think—Nielsen Proves Why
Source: LinkedIn Talent Blog. March 9, 2017
In 2015, the leader of one of Nielsen’s biggest businesses approached one of the company’s HR leaders with a big question: do you know why people are leaving my team? “Attrition is high—something’s going on. I feel it, I see it, I’m losing my associates,” she told Piyush Mathur, the head of the company’s brand new “people analytics” program
Source:Inc.com Marcel Schwantes. March 15, 2017
"The research behind Fortune's "100 Best Companies to Work For" (which documents strategies for having very happy employees and bottom-line impact) finds that the work environment at these companies focuses on growing a high-trust culture and developing people."
Source: Forbes, Larry Schmidt, Contributor, March 17, 2017
"As more companies strive for diversity and inclusion, the term “culture fit” is falling out of favor."
Source: Deloitte University Press, 28th February, 2017
"Diversity and inclusion at the workplace are now CEO-level issues, but they continue to be frustrating and challenging for many companies, Why the gap?"
Talent acquisition: Enter the cognitive recruiter
Source: Deloitte University Press, 28th February 2017
"Recruiting is becoming a digital experience as candidates come to expect convenience and mobile contact. Savvy recruiters now have access to new technologies to forge connections with candidates and strengthen the employment brand."
Source: Startup Grind, 13th February 2017
"..Roughly 70% of tech companies have programs to encourage referrals and most importantly, referrals account for up to 50% of new hires in the US. ..... Unfortunately, an employee being asked to refer someone for a given position will almost always go for somebody who shares the same social capital:"
Source: Independent.IE , 5th February 2017
Recruitment professionals are using increasingly more complex data mining tools to source and determine the most suitable potential employees for their company.
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