HR Digest

JULY 28, 2021

History, if it has taught us anything at all, has taught us that technology has created large employment and sector shifts, but also widened job opportunities. According to McKinsey, AI and automation will displace between 400 million and 800 million individuals by 2030. Coronavirus has changed the way Americans work. A STITCH IN TIME.

McKinsey 134

McKinsey Aggregate Demand Industry Crisis 134

First Friday Book Synopsis

MAY 2, 2011

Once again, McKinsey & Company offers (at no cost) an exceptionally valuable resource, in this instance Eric Schmidt‘s conversation with McKinsey director James Manyika about business culture, technology, and social issues.

Technology 85

Technology McKinsey Execution Education 85

HR Digest

JUNE 16, 2023

times more likely to report organizational outperformance, McKinsey research has shown. HR can also drive workforce planning by reviewing how disruptive trends affect employees, identifying future core capabilities, and assessing how supply and demand apply to future skills gaps.

McKinsey 98

McKinsey Agility Learning-by-Doing Organization 98

The Horizons Tracker

SEPTEMBER 26, 2023

In The Ecosystem Economy , McKinsey’s Venkat Atluri and Miklos Dietz paint a picture of the future of education that will see the ways in which we learn transformed. With college enrollment trending downward on both sides of the Atlantic, it’s increasingly clear that there is a desire for change among students and employers.

Education 109

Education Learning-by-Doing Skills McKinsey 109

HR Digest

FEBRUARY 7, 2022

Here we bring you a few learning and development trends for 2022 to help companies introduce impactful and efficient training programs. According to Mckinsey & Company , “Leaders have an essential role to play in developing solutions to tackle these challenges.” Training Remote Managers. Employee Learning Experience.

Efficiency 105

Efficiency Operations Training Diversity 105

The Horizons Tracker

MAY 30, 2023

A global survey of nurses undertaken by the consultancy firm McKinsey in the summer of 2022 highlighted the perilous state of the sector. Seldom has the state of the NHS workforce been more in the public consciousness. If the industry is to meet those needs, it cannot afford to overlook half of the population.

Participative 96

Participative McKinsey Engineering Survey 96

HR Digest

NOVEMBER 4, 2023

It takes an active HR department and research team to keep their eyes on shifting trends in order to find innovative ways to retain employees. Analyze hiring practices by competitors and see what benefits they offer Keep an eye on research reports that are put out by organizations like Deloitte, McKinsey, SHRM, etc.

Process 59

Process Attrition Trends Training 59

HR Digest

DECEMBER 5, 2023

Currently, not only is there a changing trend of the workforce no longer actively looking for work, but there is an entire shortage of able hands compared to the number of jobs available. McKinsey found that 40 percent of their survey respondents were leaving jobs due to a lack of growth opportunities in their careers. with only 6.5

Participative 52

Participative Uncertainty Long-term Trends 52

The Horizons Tracker

MARCH 15, 2022

Indeed, McKinsey recently argued that one of the few plus points from the pandemic was it reinforced the importance of building change capabilities within our organizations. Across retail, automotive, financial services, and technology a number of common factors emerged that underpinned the ability of companies to weather the Covid storm.

Company 98

Company Hofstede Supply Chain Agility 98

HR Digest

DECEMBER 19, 2023

There are a lot of benefits from the integration of AI technology, a possible 7 percent boost to global GDP according to the report, but when paired with apprehensions about unemployment, it results in an equal amount of worry for the future. As AI becomes more accessible, it also becomes more easy to adopt.

Tools 52

Tools Early Adopters GDP Report 52

Harvard Business Review

JANUARY 6, 2023

Six trends that will define the next year, according to McKinsey experts.

McKinsey 25

McKinsey Trends Technology Article 25

The Horizons Tracker

FEBRUARY 24, 2021

Historically, immigrants have helped America lead the world in technological innovation,” the authors say. This was emphasized clearly by research from McKinsey a few years ago, which highlighted that 35% of the 247 million or so people who live outside their country of birth are highly skilled migrants with at least a tertiary education.

Policies 95

Policies McKinsey Innovation Globalization 95

Strategy Driven

JULY 8, 2019

The latest trend in last mile delivery management focuses on the localization of distribution, where the goal is to leverage the existing infrastructure and optimize it through technology. Businesses that fail to keep up with the logistics trends will risk losing a competitive edge and falling out of favor with customers.

Transportation 50

Transportation Parcell Supply Chain Management 50

The Horizons Tracker

JULY 1, 2020

” A new report from EIT Health and McKinsey therefore offers a timely opportunity to gauge progress. It suggests that for the technology to achieve its full potential, not only will staff require strong data and analytics skills, but even basic digital skills will become a pre-requisite.

Skills 87

Skills Report Technology Long-term 87

ExactHire - Leadership

JUNE 3, 2022

According to McKinsey , companies succeeding at diversity are 35 percent more likely to enjoy profit margins above the median for their industry. When companies hire fresh graduates, they’re more likely to attain their diversity goals. Pew Research Center reports that recent graduates are more diverse than ever. Access a passive talent pool.

Company 98

Company Diversity Career Quality 98

HR Digest

SEPTEMBER 14, 2023

Feedback Sharing A McKinsey survey of 12,000 managers found that managers believed “candid, insightful feedback” to be crucial to career growth. Verbal acknowledgments of performances are a great start to building a communication channel as well. Fringe benefits for employees also aid in showing appreciation for an employee’s work.

Schein 98

Schein Industry Long-term Automotive 98

Chartered Management Institute

DECEMBER 2, 2013

At the C-suite, businesses need not only a data analytics strategy, but a data-analytics culture, researchers from McKinsey have concluded. Last month the supermarket giant Tesco announced a partnership with a technology firm Amscreen aimed at improving the targeting of its advertisements. The reason?

Leadership Styles 83

Leadership Styles Human Capital Ethics McKinsey 83

Harvard Business Review

SEPTEMBER 13, 2017

And as innovation brings self-driving cars, electric vehicles, in-vehicle data connectivity, mechanisms for sharing rides and vehicles, and other technologies to more people, getting around cities will become easier, faster, and safer. million deaths in 2015 ), and air pollution (health problems like respiratory ailments).

Transportation 11

Transportation Technology GDP Policies 11

Strategy Driven

JULY 13, 2011

Filled with in-depth insights from experts at McKinsey & Company, this reliable resource takes a much more qualitative approach to what the authors consider a lost art. Some examples include new technologies, changes in customer preferences, new ways of serving customers, and disruptive threats. Copyright (c) 2011.

ROIC 62

ROIC Balanced Scorecard Metrics McKinsey 62

HR Digest

DECEMBER 8, 2020

A recent Mckinsey & Company survey shows that since 2015, America has seen only a modest growth in women’s well paid jobs representation in the corporate pipeline. Also known as information technology managers, such professionals devise, coordinate, implement, and analyze computer-related projects. Percentage of women: 52%.

Human Resources 52

Human Resources Chemicals Software Engineering 52

Harvard Business Review

JUNE 30, 2011

One of the challenges facing market leaders is that transformational trends are only obvious when it is too late. To spot transformational trends early, companies need to follow the guidance of Wharton professor George Day and long-time McKinsey & Co. Consider customers facing extreme constraints as well.

Trends 13

Trends McKinsey Constraint Industry 13

ExactHire - Leadership

JUNE 3, 2022

According to McKinsey , companies succeeding at diversity are 35 percent more likely to enjoy profit margins above the median for their industry. When companies hire fresh graduates, they’re more likely to attain their diversity goals. Pew Research Center reports that recent graduates are more diverse than ever. Access a passive talent pool.

Company 52

Company Diversity Career Quality 52

ExactHire - Leadership

MAY 5, 2021

In 2015, McKinsey and Company found that companies with a diverse workforce performed 15 to 35 percent better than the national industry median. McKinsey followed up with a 2018 report that echoed the finding of the first: diversity is good for the bottom line. Technology may help you avoid implicit bias in your candidate selection.

Diversity 111

Diversity Compliance McKinsey Bottom-up 111

Harvard Business Review

JANUARY 31, 2013

Five trends are converging to form the coming “smartphone revolution,” Datamation contends. At the same time, Bluetooth technology is radically decreasing the amount of power connected devices need. At the same time, Bluetooth technology is radically decreasing the amount of power connected devices need.

Trends 8

Trends Storytelling McKinsey Technology 8

Eric Jacobson

MAY 25, 2016

To achieve " connected leadership " you must: Map your world -- Analyze stakeholders as precisely as your customers, understand trends and discontinuitites, and quantify the value at stake from external relationships. Today, technology is making all business activity more transparent.

Company 50

Company Competitive Advantage Open-book Long-term 50

Harvard Business Review

AUGUST 27, 2015

The worldwide trend of rising economic inequality applies not only to individuals. As for whether this is a new phenomenon, consider McKinsey’s dataset, stretching back to the 1960s , on 5,000 U.S. Deloitte attributes this fall in part to rising competitive intensity, as a result of new technologies and lower entry barriers.

ROIC 8

ROIC McKinsey GDP Company 8

CO2

APRIL 1, 2022

A recent survey conducted by McKinsey found that 42% of millennial and Gen Z consumers cited purpose as the primary reason they switched brands. Had they set out simply to make a profit, Apple likely wouldn’t be the revolutionary technology leader it is today. We can still see that purpose reflected in everything Apple does today.

Mission Statement 78

Mission Statement Leadership Organization Core Competence 78

CO2

APRIL 1, 2022

A recent survey conducted by McKinsey found that 42% of millennial and Gen Z consumers cited purpose as the primary reason they switched brands. Had they set out simply to make a profit, Apple likely wouldn’t be the revolutionary technology leader it is today. We can still see that purpose reflected in everything Apple does today.

Mission Statement 78

Mission Statement Leadership Organization Core Competence 78

Harvard Business Review

DECEMBER 1, 2017

The researchers combined several measures of an occupation’s use of digital technology into a digital score, ranging from zero (least digital) to 100 (most digital). The widespread adoption of machine learning may accelerate this trend. Technology can be a path to prosperity, for the many not just the few.

Health Care 8

Health Care Core Competence Education Technology 8

Harvard Business Review

FEBRUARY 5, 2018

The catch is that adopting these technologies will disrupt the world of work. New research by the McKinsey Global institute suggests that roughly 15% of the global workforce could be displaced by 2030 in a midpoint scenario, but that the jobs likely created will make up for those lost. Other options are also less than desirable.

GDP 8

GDP Globalization Short-term McKinsey 8

Harvard Business Review

JUNE 10, 2016

The trend is heating up the sales field as well, enabling entirely new ways of selling. Leading companies are experimenting with what these technologies can do for them, typically around transactional processes at early stages of the customer journey. The technologies and processes that are transforming companies.

Development 8

Development Technology Competitive Advantage Learning-by-Doing 8

Harvard Business Review

APRIL 18, 2017

Back in the late 1990s, the internet was the big trend. Already, evidence suggests that early AI pilots are unlikely to produce the dramatic results that technology enthusiasts predict. Technology that’s been trained on photos from past claims can accurately estimate the extent of the damage and automate the whole process.

Insurance 10

Insurance Video Long-term Project 10

Harvard Business Review

FEBRUARY 22, 2011

We were struck by the assumption made by an article in The McKinsey Quarterly this month. Thus, as the McKinsey Global Institute team states, and its analysis of 80 years of data shows, "over the long term. Yet, as obviously logical as that finding turns out to be, McKinsey was right to frame it as counterintuitive.

McKinsey 14

McKinsey Efficiency Long-term Analysis 14

HR Digest

NOVEMBER 9, 2023

percent of senior managerial and directorial roles , according to McKinsey. Dedicate manpower and resources to look for patterns or trends that may indicate inequities, especially within specific job roles or demographic groups. Emerging Roles and Technologies Stay attuned to emerging roles and technologies within the industry.

System 52

System How To Benchmarking Diversity 52

Harvard Business Review

OCTOBER 31, 2014

Human-capital issues are top-of-mind for CEOs around the world — but their regard for the HR function remains perilously low: In a PwC study , only 34% said that HR is well prepared to capitalize on transformational trends (compared with 56% for finance). Sadly, chief executives aren’t the only ones with this negative perception.

Human Capital 14

Human Capital Charan Human Resources Cost 14

Harvard Business Review

MARCH 7, 2012

During the 2000s, however, a worrisome trend appeared. economy, these trends are alarming. For the last 20 years, however, these companies have been expanding most of their activities more rapidly abroad than at home, and this trend accelerated in the 2000s. multinationals by the McKinsey Global Institute.

Globalization 9

Globalization Rivkin Supply Chain Trends 9

Harvard Business Review

MAY 14, 2013

We''ve noticed two main trends. At Amicus , a different start-up that uses technology to help non-profits raise money more effectively, the first thing candidates see when they reach the careers page is that a cow will be donated in their name if they''re selected for the job. How do start-ups accomplish this?

Trends 9

Trends McKinsey Career Marketing 9