US loses top ranking as destination for global workers | How technology will revolutionize hiring practices | Rules that reduced employee protections could be rolled back
The US lost the top spot to Canada in Boston Consulting Group's global destination for workers survey and it's the first time the US didn't rank first place since the survey began in 2014. The report cited various reasons for the US being toppled, including an "inconsistent pandemic response, the adoption of more nationalistic policies, and social unrest," and found just 50% of global employees would be willing to move internationally for work in 2020, compared with 57% in 2018.
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As technology advances, companies will have to hire people who can learn new skills for jobs that may not yet exist, says Deanna Mulligan, former chair and CEO of Guardian Insurance, which means leaders should not hire based solely on past experience. "We need to reorient the way we recruit and hire people and train people based on skills descriptions not job descriptions," Mulligan says in this interview.
With some employees returning to worksites and others remaining at home, employers face new challenges in helping employees stay mentally and physically well. Employers should consider redirecting financial resources toward more complete well-being benefits in areas such as health, training and employee experience.
Josh Bersin predicts immediate trends for the labor market that HR leaders should be prepared for, including a rise in wages as employers compete for talent. Invest in employer branding, develop an internal talent marketplace and boost listening strategies to improve talent retention, Bersin advises.
A ray of sunshine comes today from Josh Bersin in today’s HR Leader story, as Bersin predicts that we’re about to head into one of the best job markets we’ve seen in 10 years. That’s great news, but it’s also a signal to employers to up their engagement game. As the job market heats up, managers have to double down on listening to employees -- using all the tools at their disposal -- to boost the employee experience and keep talent in place.
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