Seventy-Four Percent of CFOs Concerned with Input Price Inflation's Impact on Profitability
"A survey of 111 CFOs in July 2021 revealed that 60% of organizations experienced wage inflation in 2Q21, nearly double the amount compared to the previous quarter, according to Gartner, Inc. Nearly three in four CFOs polled cited the risk of lower profitability as their top concern as organizations face broad-based input price inflation increases, ranging from salaries and wages to higher costs for commodities and freight shipping..."
Organizations Are Using a Mix of Tactics to Encourage Vaccination
A Gartner, Inc. poll of 238 executive leaders on August 24, 2021 revealed that 66% of organizations are delaying reopening their offices due to new COVID-19 variants.
'Leaders have been determining if and how to mandate employee COVID-19 vaccinations for the last several months, and the FDA's full approval of the Pfizer vaccine is another aspect employers are now considering,' said Brian Kropp, chief of research for the Gartner HR practice.
If you're struggling to fill key IT roles, consider who you're missing - and shift your recruitment strategy to focus more on aptitude. Use this expert advice to broaden your talent pool
"On the surface, it's easy to see IT hiring difficulties as a symptom of the pandemic. 2020 alone was an exercise in roller-coaster talent economics, and some recent reports indicate that hiring is slowing as fears of rising case numbers swell.
But to place the blame solely at the feet of the pandemic belies the fact that there's been a consistent widespread need for exceptional IT talent for years. As recently as 2019 organizations struggled to find the right people for their IT positions.
At issue is the hiring process itself. Understandably, many recruitment efforts have emphasized technical experience over soft skills, which are harder to measure but by no means less important. By narrowing their focus, potential employers have limited their talent pool and left no room for less traditional, more diverse applicants. What's missing, it seems, is a focus on aptitude - the unstated skillset that breeds innovation and drives new ways of thinking..."
The companies that are slow to digital transformation for their HR tech, are already falling behind competitors
"According to a recent report by Forrester, 90 percent of HR workers are losing up to four hours a week on admin and management tasks due to outdated technology. Despite the shift in the industry to remote working and recruiting therefore driving digital transformation, over 90 percent of organizations aren't maximizing their investment in HR tech. In fact, over 75 percent of organizations admitted the need to update their HR tech in the coming months..."
It's no secret that the world has changed over the course of the pandemic, including the ways we work.
"More and more employers are switching to at least a hybrid remote work setup, and while there are many benefits to this, you might face some new challenges when managing remote teams. Even if you're a seasoned remote team manager, it's always good to brush up and see where you can up your game. Here are some helpful tips to do just that..."
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