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

Highlights

new report by Randstad Sourceright finds that 90% of employers believe that their brand is extremely or very important to attract talent, and that 42% plan to increase budgets in order to boost their brand. HR Dive suggests that brand investment is also an effective strategy to recruit interns, which is one strategy that can support the pipeline for full time employees.

The 2018 State of Leadership Development report from Harvard Business finds that more than 80% of organizations are undergoing some sort of transformation, placing more responsibility on L&D departments to keep all employees abreast of new and changed information. They also found that 66% of organizations that view L&D as critical to success had stronger market position than others.

According to a piece in Chief Learning Officer, L&D professionals should think more holistically about the trainings that they offer. The piece offers strategies for ways professionals can create a long-term learning content strategy, aligned with the business strategies of the organization rather than isolated, pre-determined trainings.

HireVue, provider of AI-enabled talent assessment suite and video interviewing solutions, acquired predictive hiring and talent analytics platform MindX. The acquisition will give HireVue’s customers the ability to use AI-driven talent assessments to evaluate candidates and accelerate the process of identifying and hiring.

As employee tendencies have changed overtime, so has the role of human resources. While some HR leaders are refocusing on the “human” side of HR, many employers are increasingly depending on AI to help recruit talent. However, AI without oversight could operate with hidden biasesForbes suggests that employers use a combination of human interpretation and AI to get the best results.

SHRM reviews some of the impacts of Indeed’s acquisition of Glassdoor announced last week. Notably the increased threat of competition between Google for Jobs and the Indeed/Glassdoor partnership, which could cause the cost of attracting talent to increase. Additionally, the two companies would hold a monopoly over employer reviews as they makeup between 80-90% of those posted online.

Galvanize and Colorado Technology Association announced plans to offer a full tuition Women in Technology Scholarship to address the lack of women in the technology field in Colorado. The scholarship will be for participants to attend the Galvanize Web Development Immersive program based in the state. The program is full-time and will run for 24 weeks.

Corporate Learning and Development News

The 2018 State of Leadership Development report from Harvard Business finds that more than 80% of organizations are undergoing some sort of transformation, placing more responsibility on L&D departments to keep all employees abreast of new and changed information. They also found that 66% of organizations that view L&D as critical to success had stronger market position than others.

According to a piece in Chief Learning Officer, L&D professionals should think more holistically about the trainings that they offer. The piece offers strategies for ways professionals can create a long-term learning content strategy, aligned with the business strategies of the organization rather than isolated, pre-determined trainings.

Forbes offers additional advice to L&D professionals suggesting that programs can be even more effective if they are responsive to organizational needs, more learner-centric, and more open to partnering with leaders from other departments to gain innovative insights.

Chief Learning Officer magazine discusses the impact of digital learning on that of traditional learning. The authors suggest that while digital learning has not taken over traditional learning as predicted, they argue that digital learning enhances traditional learning allowing knowledge to extend beyond the classroom.

Middle managers’ roles are beginning to change as the workplace continues to shift toward increased automation, suggests a piece in SmartBrief. According to the author, in order for middle managers to remain prepared, they will need to be flexible, adapting to new roles and responsibilities through ongoing training.

Author Ryan Craig discusses the benefits of “last mile” efforts, or those efforts aiming to close the gap between skill level and employability. He suggests that these full stack solutions not only address the upskilling needs, but also can directly address diversity and help to retrain older or displaced workers.

Credentials, Hiring, and Applicant Tracking News

new report by Randstad Sourceright finds that 90% of employers believe that their brand is extremely or very important to attract talent and that 42% plan to increase budgets in order to boost their brand. HR Dive suggests that brand investment  is also an effective strategy to recruit interns, which is one strategy that can support the pipeline for full time employees.

While a recent report from Monster finds that students from the graduating Class of 2018 are waiting longer to begin the job search, another survey finds that they remain flexible in the jobs that they will accept. According to the survey from iCIMS, 77% of the respondents are willing to accept a full time job in a field unrelated to their major. More than half expect to make over $50,000.

An article in Forbes suggests that the concerns about the future of talent can be addressed through resurfacing basic talent management principles such as a focus on soft skills, developing curiosity, and using data to inform decisions.

To attract more women applicants, employers should “micro-target” or narrow their focus, rather than depend on the wider net for diverse applicants. According to ERE, women applicants are more likely to respond when “application influence factors” or those actions or information that cause women to react to the job are clearly identified in the recruiting process.

General HR News

As employee tendencies have changed overtime, so has the role of human resources. While some HR leaders are refocusing on the “human” side of HR, many employers are increasingly depending on AI to help recruit talent. However AI without oversight could operate with hidden biasesForbes suggests that employers use a combination of human interpretation and AI to get the best results.

SHRM reviews some of the impacts of Indeed’s acquisition of Glassdoor announced last week. Notably the increased threat of competition between Google for Jobs and the Indeed/Glassdoor partnership, which could cause the cost of attracting talent to increase. Additionally, the two companies would hold a monopoly over employer reviews as they makeup between 80-90% of those posted online.

new survey from Clutch finds that 61% of employees value a workplace that is appealing and comfortable. Additionally, more than half value workplace flexibility. Tied for third are a community atmosphere and special perks (such as free food).

Research published in the Journal of Labor Economics analyzes evidence for discrimination against African-Americans at job entry from both employers and consumers in the U.S., reporting findings of indirect customer discrimination in customer-facing jobs in the U.S. labor market. This discrimination is shown to reduce the employment rate of African-Americans and reduce the proportion of African-Americans in jobs in contact with customers.

AP discusses the growing trend of American employees working beyond the more common retirement age of 65, to 70 years old in order to secure a higher income from social security benefits.
  
Employer Partnerships/Company Innovation

Fiverr, Udemy, and Samashool are coming together to launch a program called the Digital Workforce Development Initiative (DWDI) developed to help people around the county be able to make a living as a freelancer. The organizations are working with city governments in  Memphis, TN; Kansas City, MO; and in Stockton and Richmond, CA. Participants will have access to free in person workshops and networking events as well as online courses through Samaschool and Udemy as well as accelerated onboarding on Fiverr.

Galvanize and Colorado Technology Association announced plans to offer a full tuition Women in Technology Scholarship to address the lack of women in the technology field in Colorado. The scholarship will be for participants to attend the Galvanize Web Development Immersive program based in the state. The program is full-time and will run for 24 weeks.

Startups, Innovation, and Investment News

HireVue, provider of AI-enabled talent assessment suite and video interviewing solutions, acquired predictive hiring and talent analytics platform MindX. The acquisition will give HireVue’s customers the ability to use AI-driven talent assessments to evaluate candidates and accelerate the process of identifying and hiring.

Starmind International AG, designer and developer of self-learning AI technology, raised $15 million in a financing round including Digital+ Partners.

SpringRole, a blockchain professional network raised $1.3 million in a private funding round. SpringRole uses blockchain technology and an incentive-based utility token for verifying career information like educational attainment, work history and skills endorsements in an effort to support the hiring of technical professionals for outsourcing and global services arrangements. Early investors include DNA, AlphaBlock, BlockWater and Wavemaker Genesis.

Knudge.me, a Bangalore-based microlearning mobile platform, has raised an undisclosed amount of funding in a round led by Indian Angel Network (IAN) with participation from Axilor Ventures.

Macroeconomic Trends and Public Policy

The U.S. Department of Labor (DOL) issued its latest regulatory agenda, including plans to replace the Obama administration's proposed $47,476 salary threshold for overtime eligibility, amend regulations spelling out how employers must calculate workers' "regular rate of pay" for Fair Labor Standards Act purposes, and take a second stab at tip pooling rules.

The Conference Board Employment Trends Index, which aggregates eight labor-market indicators, improved for the month of April. Seven of eight components made positive contributions; the largest positive contributing components were “Industrial Production” and “Initial Claims for Unemployment Insurance.”