Five Things Every Human Resources Leader Should Know

Increasing hiring costs, turnover rates and competition for top talent, are forcing human resources departments to become more rigorous in recruitment and hiring.

They don’t have the luxury of hindsight.

Human Resources Metrics

Examining the current labor-market figures, makes one thing clear: human resources will always be fighting for the best, high-quality, high-performing candidates.

This leaves a number of unanswered questions for employers:

  • How many people can a company hire on their budget?
  • How can they provide the right people for the right roles?
  • How can they keep employees fully engaged, involved and motivated?
  • Who are our most valuable employees, how can we retain them and meet their expectations?

Turnover costs have always been a high-priority metric for employers. The price of a lousy hire is devastating to the bottom line, somewhere up to 1.5 times the employee’s salary. Continue reading “Five Things Every Human Resources Leader Should Know”

CEO Salary in Perspective: PayScale

It is easy to agree that CEOs have a tough job, but does a huge CEO salary really accurately reflect the job they do?

By Aubrey Bach,

Image representing PayScale as depicted in Cru...
Image via CrunchBase

Nobody thinks being the CEO of a huge company is an easy job, so it makes sense that these bigwigs get big salary paychecks for their hard work.

But when you compare the salary of some CEOs to what their average workers earn, the difference can be a little mind-boggling. PayScale just published a newly updated comparison of the salaries of CEOs at the largest companies in the United States to those of their workers.

The difference in ratios is pretty epic. Wal-Mart tops the list, with CEO Mike Duke earning 1,034 times what the average Wal-Mart employee makes.

CEO Salary in PerspectiveCompare that to Warren Buffet, CEO of Berkshire Hathaway, who takes home a paltry $490,000 a year, only nine times the salary of one of his average employees, or Google CEO Larry Page, who only takes a salary of $1 per year. (It should be noted that stock compensation wasn’t figured into our CEO salary data.) These two companies also have employees that report higher job satisfaction.

So take a look at this infographic to see which Big Corporate Kahunas are riding high on the highest salary ratios, and who reports earnings more in tune with their employees. And keep your eyes peeled for future posts about this subject. In the next week or so, we’ll dig into the nuances of how we define CEO Salary and highlight CEOs with the best and worst reputations throughout history.

Infographic after the jump…

Continue reading “CEO Salary in Perspective: PayScale”

Job Driving You Crazy? Ways To De-Stress The Job!

Is your job driving you crazy?

Do you calculate the minutes on the job until the weekend and when Sunday approaches, you start dreading the arrival of Monday morning?

Does your job drive you crazy?

For most people, a job is a source of significant stress. Some people go as far as taking medical leave because the pressure on the job affects their work.

Odds are that you have to work, and have to work at your job for a long time. You might be lucky enough to enjoy your job, but most likely, you cannot wait until you have to work no more. No matter what feelings you have about your job, there are steps you can choose to be more productive, less stressed and have more time for yourself. These things will keep you mentally alert, focused and calmer.

What contributes to a nerve-racking job, and how can you make it better? Continue reading “Job Driving You Crazy? Ways To De-Stress The Job!”

What Will It Take for Women to Get Ahead in Leadership?

What will it take?  What has to happen before women show up in more leadership roles in U.S. businesses?

The numbers represent an extremely disturbing trend.

A percent sign.Although women make up over half the U.S. population, in addition to being more than 49 percent of the labor force, they still inexplicably absent in leadership in both public and private enterprise.

Even in government bodies all across America, the role of women leaders are considerably underrepresented. The United States is near 70th of 188 countries, for women elected to national public office. This number is actually lower than in November 2004, when the U.S. ranked 57th.

Human Resources: Free live ovation demoIt can be argued that there is further need for research on how the participation of women in leadership roles could have an impact on policy. Regardless, the advancement of women in the workplace have clear benefits for both our economy and the nation.

Several studies have visibly demonstrated that Fortune 500 corporations with women in leadership have performed better financially—the only metric that truly counts.

In addition, hedge funds run by women also outpace industry standards. Sadly, of the top 1,000 CEOs leading the largest businesses in the U.S., 4.2 percent—that is only 42 individuals out of 1,000—are women.

Additionally, many low-wage, service jobs that are shoring up our economy are performed by women. they are also in 54 percent of all service-sector jobs, as well as making up 77 percent of all education and health-service workers.

Add to that the 80 percent of health care and social-assistance jobs, over 80 percent of workers in residential-care and nursing facilities are women. These jobs some of the fastest-growing in our economy.

Even though women have made enormous advances in employment, they continue to be under represented (or actively held back) at almost every measure of corporate life in the United States.

Again, what will it take for women to have a greater role in the American corporate landscape?

For International women’s Day, an infographic from the Center for American Progress, to demonstrate how U.S. businesses underrepresents women in leadership roles.

Infographic after the jump…

Continue reading “What Will It Take for Women to Get Ahead in Leadership?”

Are You Redundant? Human Resources Might Say YES!

If a job search wasn’t stressful enough, now you need to worry about human resources seeing your job as redundant in the next few years!

The time to prepare and develop your skills is NOW!

Image representing Zinnov  as depicted in Crun...
Image via CrunchBase

In a survey by management consulting firm Zinnov, human resources professionals accept as much as one-quarter of their current talent will become redundant in 3-5 years.

On the other hand, specialized skill sets in creative occupations like User Experience and Mobility will see an increase in demand.

In the United States, hiring for innovation will be a primary concern for many organizations looking to expand. Companies in India and China should expect to see only marginal successes.

Human Resources: Free live ovation demoOrganizations in the Silicon Valley continue to be the place for innovation, with 80 percent of respondents indicating the hiring will grow most in this region.

In addition, 36 percent say their innovation would be driven in the Valley, as well as other U.S. cities such as Seattle, Maryland, Dallas and Boston. These cities will make up 18 percent of new hiring.

India ranked third as the area with the most innovation. Organizations revealed 15 percent of all innovation is expected out of India.

People working with Big Data and designers that specialize in user experience will be most in demand, followed by mobile application developers, cloud computing and Software-as-a-Service experts.

These are new skills, titles that were non-existent only a few years ago. Companies also need to develop soft skills across all levels and functions.

The Zinnov study found that organizations will continue to seek talent these areas of:

  • Engineering (50 percent of respondents say that it is among the best 3 skills)
  • Analytics skills (40 percent) in areas like Big Data, Predictive Modelling, HR Analytics
  • Mobility (32 percent)

This suggests a priority facing companies are niche hiring and skill set assessment. Half of all respondents suggest that these two should be areas for human resources in 2013.

Developing statistical teams within human resources departments can reduce challenges around skill set assessment, workforce planning  and Big Data analysis. Unfortunately, the majority of organizations do not have such resources, with only 20 percent will focus on it for 2013.

Key results of the Zinnov survey after the jump…

Continue reading “Are You Redundant? Human Resources Might Say YES!”