HR Digest

DECEMBER 5, 2023

Image credit – Freepik Understanding America’s Labor Shortage A robust job market that constantly opens up new positions and roles is usually indicative of a healthy job market rife with opportunities, but when the labor force participation rates stop matching up, then businesses start to suffer.

Participative 52

Participative Uncertainty Long-term Trends 52

Coaching Tip

MAY 7, 2012

Young women today are entering the workforce better prepared and more ambitious than ever, with more education and higher career aspirations than men. When McKinsey & Co. The McKinsey study shows women in general opt at far higher rates than men for staff jobs, sometimes labeled "the pink ghetto." Rethinking Leadership.

McKinsey 112

McKinsey Leadership Career Diversity 112

CoachStation

AUGUST 26, 2022

Employee discretionary effort and focus are being challenged for many reasons, including the labour market and working from home. We’ve also learned that one in two employees have left a job to get away from a manager and improve their overall life at some point in their career. Engagement at work matters.

Motivation 130

Motivation McKinsey Attrition Influence 130

The Horizons Tracker

AUGUST 1, 2019

The research was arguably the first study that attempted to predict how technologies such as artificial intelligence and robotics would impact the labour market. While there are good reasons to be optimistic about the long run, such optimism is only possible if we successfully manage the short-term dynamics,” he writes.

Technology 69

Technology Short-term Osborne Long-term 69

ExactHire - Leadership

MAY 5, 2021

Most business owners think of diversity in the workplace in terms of the compliance regulations imposed by the federal government. In 2015, McKinsey and Company found that companies with a diverse workforce performed 15 to 35 percent better than the national industry median. Their GPA may have suffered under long work hours.

Diversity 111

Diversity Compliance McKinsey Bottom-up 111

Harvard Business Review

AUGUST 29, 2017

According to a recent McKinsey Global Institute report , the number of people in the global labor force will reach 3.5 Our ways of thinking about careers, colleagues, and collaboration will need to become more flexible and adaptable. Aspiring to a global career. Photo by Christine Roy. It consists of five key actions.

Succession 13

Succession Globalization Tacit Knowledge GDP 13

Harvard Business Review

JUNE 24, 2014

In the late 1990s, Steven Hankin of McKinsey provoked a lot of discussion when he coined the phrase “the war for talent.” In the United States, and in West European markets, the challenges center around talent replenishment and knowledge transfer to assure that productivity remains high even as the Baby Boomer population starts to retire.

Long-term 8

Long-term Globalization McKinsey Education 8

Harvard Business Review

FEBRUARY 14, 2017

In a dynamic economy workers are expected to adapt, to change not just jobs but sometimes careers, to pick up new skills when necessary. If a program has a low cost per student but fails to actually help people forge a solid career, then the fact that the failure is cheap does not make it any less of a failure.

Metrics 9

Metrics TCO Training Cost-Benefit Analysis 9

Harvard Business Review

JULY 10, 2015

Especially since what was true in the job market 20 years ago — even two years ago — is not necessarily gospel now. And the market is constantly changing. Companies have changed their tune and now make efforts to be sure people leave on good terms. But how can you know whom to trust? Not necessarily. .

Short-term 8

Short-term McKinsey Long-term Open-book 8

Harvard Business Review

MAY 14, 2013

Something astonishing is happening to the market for young, smart labor. Instead, they want "a career that actually matters" and "to know how they will make a positive difference in the world if they join your business." Job descriptions and career pages at start-ups tend to emphasize meaning and impact.

Trends 8

Trends McKinsey Career Marketing 8

HR Digest

NOVEMBER 9, 2023

percent of senior managerial and directorial roles , according to McKinsey. Establish Benchmarks Make it a point to define industry and market benchmarks to compare your organization’s compensation practices. Consider both immediate adjustments and long-term strategies for preventing future disparities.

System 52

System How To Benchmarking Diversity 52

Harvard Business Review

MARCH 23, 2015

This is about mission, not marketing. A great mentor of mine, Tsun-yan Hsieh, was one of the foremost leaders at McKinsey. Will it mean that you expect employees to follow a certain promotion path and career timeline? The best long-term retention strategy is to mentor people toward meaningful roles.

Company 8

Company Self-aware Long-term Mission Statement 8