In this week's Need to Know Briefing, we have some concerning news for new college graduates. According to recent data, their labor market advantage is now the "smallest on record." On a more positive note, the rise in flexible work arrangements is benefiting working mothers. However, not all employers are on board with this trend. Some are even asking employees to work six days a week instead of the traditional five. The struggle to balance work and caregiving responsibilities is also taking a toll on many adults, as highlighted in a new survey. Employers who have implemented return-to-office mandates have lost top tech talent. And if that wasn't enough, almost 80% of hiring managers expect AI to lead to layoffs of recent graduates. Stay informed and keep up with the latest developments in the labor market.
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In this week’s Need to Know Briefing: - New college graduates' labor market advantage is the 'smallest on record'. - The rise in flexible arrangements is benefitting working mothers. - Never mind the four-day workweek -- some employers are asking employees to work six days a week. - A new survey highlights just how many adults are struggling to juggle jobs and caregiving responsibilities. - Employers that implemented return-to-office mandates lost 'top tech talent'. - Almost 80% of hiring managers say AI will lead their organization to layoff recent graduates. - And much more! - Read this week's full briefing here
Need to Know 5-20-24
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In this week’s (7/15) Need to Know Briefing: CFOs are the most optimistic they have been since 2021. The 'Great Resignation' has been replaced with the 'Big Stay'. Demand for part-time workers is elevated, while demand for full-time workers remains flat. With chip demand soaring, the semiconductor industry is in a race to find talent. Employees are feeling increasingly stuck in their jobs. For the tech sector, CEOs say the future is about 'borderless talent'. #CFOs #EmploymentTrends #SemiconductorIndustry #TechSector
Need to Know Briefing - 7-15-2024
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In this week's (10/23) Need to Know Briefing: A new survey suggests 'half of all skills' will be 'outdated within two years'. CEOs remain ‘cautious’ about economic prospects. 'Most' public schools are facing hiring challenges as 2023-2024 academic year gets underway. One in five workers has changed their name on a resume to avoid discrimination. The proportion of people working from home reaches its lowest level since pandemic began. And an update on which countries have experimented with -- or embraced -- the four-day work week.
Need to Know 10-23-2023
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In this week's (4/15) Need to Know Briefing, CEOs express optimism about their organization's futures while a new California bill may give workers the "right to disconnect". Surprisingly, almost half of workers fear returning to the office more than getting divorced. Technology is also revolutionizing how businesses approach their talent needs. Don't miss the special Spotlight section on Neurodiversity at work and much, much more! Stay informed with the latest insights. #businessnews #workplace #technology #neurodiversity
Need to Know 4-15-2024
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In this week's (Jan. 15)- Need to Know Briefing: A new survey suggests employers are avoiding hiring 'entitled' Gen Z workers. 2024 will bring 'solid but not spectacular' raises for U.S. workers. Broad pay ranges in job listings may be a turn-off for job seekers. Companies remain hungry for tech workers. Researchers now believe AI will be able to do 'most' human jobs within a century. A special Spotlight section on the politics in the workplace (what workers think, and what employers need to know!) And much, much more!
Need to Know Briefing 1-16-24
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This week’s Kelly Need-to-know brief explores accolades, the age-performance paradox, return-to-office policies and recruitment challenges. Here’s a sneak peek: *Unintentionally overlooking older applicants: the age-performance paradox* A recent OECD study unveils that employers inadvertently underestimate the potential of older job applicants. Despite acknowledging the value of their older workers, hiring managers favour candidates aged 30-44 for entry and intermediate roles while undervaluing those aged 45-64. *73% of UK firms find recruiting challenges* While there have been slight improvements in some sectors, such as hospitality and construction, 66% of UK firms cite labour costs as a financial pressure. Despite the challenging situation, hiring difficulties are decreasing. In the fourth quarter of 2022, 82% of firms reported difficulty in recruiting staff. *Nobel Prize awarded for work on gender gap* Professor Claudia Goldin of Harvard University has been recognised with a Nobel Prize in economics for her research on the gender pay gap. Her extensive analysis of over two centuries of US data revealed that much of the gender pay gap can be attributed to differences in education and occupation. The bulk of this difference now arises from men and women in the same occupation, especially with the birth of the first child. *Nearly 65% of CEOs aim for pre-pandemic office strategies* According to the KPMG 2023 CEO Outlook, 64% of CEOs leading large companies envision a return to pre-pandemic office routines within the next 3 years. 87% aim to accomplish this by tying rewards and promotion opportunities to in-office attendance. While some CEOs may be drawn to the traditional office setting, physical presence doesn’t mean productivity. The debate between CEO aspirations and employee preferences for flexibility continues. For a more in-depth read, check out this week’s #NeedtoKnow briefing:
Need to Know 10-16-2023
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In this week’s Need to Know Briefing: - CFOs are the most optimistic they have been since 2021. - The 'Great Resignation' has been replaced with the 'Big Stay'. - Demand for part-time workers is elevated, while demand for full-time workers remains flat. - With chip demand 'soaring,' the semiconductor industry is in a race to find talent. - Employees are feeling increasingly 'stuck' in their jobs. - For the tech sector, CEOs say the future is about 'borderless talent'.
Need to Know Briefing - 7-15-2024
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In this week’s Need-to-Know brief, we look at the upcoming shifts in the world of work, with a focus on the recruitment trends to increase the importance of experience and skills over education, and the need for a more flexible workweek schedule. *A shift in UK’s top 100 employers points at the importance of experience and skills over education* According to a recent Bloomberg report, 90% of the roles advertised by the UK’s top 100 employers do not require a university degree. Even some law firms look for individuals straight after high school. Recruits can work and study simultaneously, offering an innovative way of entering the labour market for jobs that typically require a university degree as a starting point. *Majority of workers say they could complete their 40-hour workload in 4 days* A Fiverr survey reveals that 76% of US workers believe they could complete their current workload in just a 4-day workweek. For millennials, this figure skyrockets to 87%. And 27% of GenZ workers are most inspired outside 9-5 work hours. *Working remotely can reduce your carbon footprint by up to 54%* Researchers looked at five factors: commuting, noncommute travel, information technology devices, office energy efficiency and residential energy use. Those working remotely 4 or more days per week can reduce their carbon footprint by up to 54%, and those who work remotely 1 to 3 days a week can reduce their footprint by up to 29%. For more details of this week’s #NeedtoKnow briefing, head to:
Need to Know 9-25-2023
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Some interesting observations here:
Is 'coffee badging' a new return to office/work from home trend?
rte.ie
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In this weeks (2/12) Need to Know Briefing: Layoffs continue in the tech sector, though it’s not all bad news for tech workers. Most business leaders believe returning workers to office improves productivity. Spotlight – Is offering employee sabbaticals a key to retaining talent?
Need to Know Briefing 2-12-24
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