What We’re Reading: New Skills, Talent and Employment

Highlights
44% of job applicants said they experienced a form of discrimination in the hiring process. Among this group of people, 56% believe AI would be less discriminatory or bias than human recruiters, according to TechRepublic.
 
A study conducted by RainmakerThinking found that Generation Z, those born between 1995-2002, value supportive leadership and positive relationships at work when considering a job. According to ATDthese findings show that this digital generation greatly values human interaction.
 
report by TD AmeriTrade found that 70% of American workers feel jobs are easier to find now than 5 years ago. The survey also found that 53% of workersexpect better benefits and perks and two-thirds expect an increase in wages when the rate of unemployment is low. 
 
The Society for Human Resources Management (SHRM) Foundation announced a donation of $100,000 to the Jobs for America’s Graduates (JAG) organization. The funding will be used to prepare youth for the workforce.
 
Hyatt Hotels recently announced RiseHY, a program created to provide jobs to 10,000 Opportunity Youth by 2025.
 
LinkedIn released their updated sourcing and hiring platform, Talent Hub, which allows recruiters to engage with candidates as well as track the recruitment process through the platform. The platform will allow recruiters to see the percentage of LinkedIn users that may fit the profile, and will also include key insights regarding the diversity of potential applicants, according to Fast Company.  
 
This week, the former head of HR for Google, Laszlo Bock, announced a product called Nudge Engine, developed to provide prompts or notifications throughout the workday reminding employees to complete tasks and/or engage with colleagues.
 
Adding to their suite of skill-focused tools, Degreed announced the addition of Skill Review, which will allow companies to use machine learning to measure the mastery of a particular skill in 30 minutes or less.
 
A new Hive report found that women are assigned 55% of the workload compared to 45% assigned to men. The report found that not only are women assigned more work but complete 10% more work.
 

Corporate Learning and Development News
A piece in ATD’s TD Magazine lists the 5 critical elements of developing aculture of learning, including regular feedback, hiring from within, making the exchange of information the norm, formalizing training and development processes, and recognize employees for their learning. According to research shared by the author, the finance and healthcare industries exemplify strong learning cultures, followed by retail and sales.
 
A columnist for Entrepreneur suggests that strategies such as setting learning targets, encouraging development outside of work hours, incorporating learning into the workflow during work hours, providing cross-training, and acknowledging employees’ development efforts can reduce employee turnover.
 
Forbes contributor discusses the value of being forward thinking when it comes to learning and development opportunities, urging employees to think beyond one's role or only what is available through his or her current employer.
 
 
Credentials, Hiring, and Applicant Tracking News
44% of job applicants said they experienced a form of discrimination in the hiring process. Among this group of people, 56% believe AI would be less discriminatory or bias than human recruiters, according to TechRepublic.
 
Recruitment firm, Cielo, surveyed 1,000 HR professionals and found that 70% have concerns regarding a talent shortage in recruits and the increasing competition for available skills. More than half (54%) of those surveyed said their firms had more open positions than ever before.
 
A study conducted by RainmakerThinking found that Generation Z, those born between 1995-2002, value supportive leadership and positive relationships at work when considering a job. According to ATDthese findings show that this digital generation greatly values human interaction.
 
report by TD AmeriTrade found that 70% of American workers feel jobs are easier to find now than 5 years ago. The survey also found that 53% of workersexpect better benefits and perks and two-thirds expect an increase in wages when the rate of unemployment is low. 
 
Low unemployment rates and the war for talent create a system where employees leave their companies for promotions or raises. As a result, the quit rate is at a 16 year high at 2.4%. HR Dive suggests listening to employees, collaborating to create a development plan and encouraging employees to continuously develop their skills as ways to keep them from leaving their current positions.
 
 
General HR News
Amazon announced that starting in November, all employees will earn at least $15 an hour. CNBC reports that at the same time, Amazon will be eliminatingthe monthly bonuses and stock awards benefit offered to their hourly employees. The company maintains that the wage increase compensates for the loss in the benefits. Employees will have an opportunity to review changes and share feedback prior to its implementation.
 
ATD shares best practices for improving Diversity and Inclusion strategies, including making direct connections to organizational goals, narrowing the focus of the initiative to the most critical drivers of change and sharing a model of success.

 
Employer Partnerships/Company Innovation
The Society for Human Resources Management (SHRM) Foundation announced a donation of $100,000 to the Jobs for America’s Graduates (JAG) organization. The funding will be used to prepare youth for the workforce. The funding will also include scholarships. Additionally, the foundation will soon pilot a networking program that will connect youth to mentorship opportunities among other development programs.
 
Hyatt Hotels recently announced RiseHY, a program created to provide jobs to 10,000 Opportunity Youth by 2025. Opportunity Youth – defined as 16 to 24-year-olds who are not in school and not working – will be trained through community-based programs that will use VR to give the youth a glimpse into the hospitality industry, while using AI to evaluate and develop soft skills over the course of training.
 

Startups, Innovation, and Investment News
LinkedIn released their updated sourcing and hiring platform, Talent Hub, which allows recruiters to engage with candidates as well as track the recruitment process through the platform. Venture Beat reports that the Talent Hub is designed for small to mid-sized businesses. The platform will allow recruiters to see the percentage of LinkedIn users that may fit the profile, and will also include key insights regarding the diversity of potential applicants, according to Fast Company.  
 
This week LinkedIn also announced the acquisition of Glint, an employee engagement software. According to sources to CNBC, the company spent around $400 million to secure the deal, though the details of the acquisition have been kept confidential. This would be the largest acquisition from LinkedIn since being purchased by Microsoft in 2016.
 
ZipRecruiter has raised $156 million in a Series B round of funding led by Wellington Management Company and returning investor IVP. There was also participation from additional existing investors that were unnamed. According to some sources, this places the company’s value at $1 billion. 
 
This week, the former head of HR for Google, Laszlo Bock, announced a product called Nudge Engine, developed to provide prompts or notifications throughout the workday reminding employees to complete tasks and/or engage with colleagues. The product was developed based on recent Nobel Prize winner Richard Thaler’s prize-winning “nudge theory” which posits that small prompts throughout the day impact behavior.
 
Adding to their suite of skill-focused tools, Degreed announced the addition of Skill Review, which will allow companies to use machine learning to measure the mastery of a particular skill in 30 minutes or less as well as prioritize investments training and development or even to inform and automate HR processes.
 

Macroeconomic Trends and Public Policy
According to the latest jobs report, the unemployment rate for September dropped to the lowest point since December 1969 --3.7%. Federal Reserve Chairman Jerome Powell tells Bloomberg that the coming months will indicate whether pay gains and prices will increase rapidly as a response to historically low unemployment, although Powell thinks otherwise.
 
LinkedIn’s October Workforce Report found that the US hiring growth is showing early signs of leveling off after rising through the majority of 2017 and 2018.

Other
A comparison study of benefits conducted by Governing found that private sector employers are more likely to offer free coffee, employee referral bonuses, a casual dress code, as well as incentive bonus plans for non-executive employees, while public sector jobs are more likely to provide employee assistance programs, on-site professional development, and graduate education assistance.
 
The retail industry’s rate of announced CEO changes has increased from 16% to 23% in the last year, according to the Conference Board’s annual study CEO Succession Practices. Two-fifths of these retail CEO changes were results of a failure to deliver and the language involved when hiring new CEOs is often about bringing new perspectives or fresh leadership.
 
A new Hive report found that women are assigned 55% of the workload compared to 45% assigned to men. The report found that not only are women assigned more work but complete 10% more work. Hive hopes stakeholders will use this study to understand gender disparities in the workplace.