With more than 64,000 people finding jobs in September (compared to the forecast for gains of 25,000 jobs), the jobless rate remained unchanged at 4.1% even as the participation rate hit a record high of 67.2%. Against this backdrop, employers need to remain competitive to attract and retain top talent. A recent Mercer study shows the share of Australian employers commonly using internal secondment and rotation programs increased from 3% in 2020 to 7% in 2024, as companies think more creatively about how to keep employees engaged, motivated and loyal. Here at Six Degrees Executive, we often hear candidates say that a key motivator for them considering a new organisation is the career progression, professional development and leadership on offer on the other side of the fence. Some organisations are well set up to delivered structured, formalised rotation programs (often seen across the likes of automotive and pharmaceutical brands), but smaller, more nimble businesses can have equal success in these too and, if done right, can become a key pillar of your EVP. https://lnkd.in/gVUc3XWv
Michelle Young’s Post
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With new graduates set to enter the workforce, this article from @uwaterloocoopcee dives into six emerging trends they see shaping the employment landscape. Aimed at helping #hiring managers stay ahead of the curve on talent acquisition, they hope to help companies make the most of this promising next generation. https://lnkd.in/gGFZPBkq #recruiting #staffing #FutureOfWork
Six trends in recruiting the emerging workforce | Hire Waterloo
uwaterloo.ca
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Do you wonder how we use feedback from our employer and educator partners to strengthen the region's workforce? The Partnership’s Employer Signaling System (ESS) combines labor market data with direct industry insights, providing a comprehensive overview of the skills and abilities employers seek in vacant roles. Why ESS? 🤝 Bridge Between Employers and Educators: ESS was created out of the need for a systematic way to communicate shifting job requirements from employers to educators, ensuring students are equipped with the best skills. 📈 Continuous Improvement: We regularly update ESS with feedback from industry experts, keeping it current and relevant to the ever-changing job market. 🌟 Future-focused: With our employer and educational partners, we anticipate future skill demands, enabling proactive talent development strategies. 👉 Check out our explainer video to get an in-depth look at ESS and visit our website to learn more: https://bit.ly/3RKd6D9 #WorkforceDevelopment #SkillsAndTalent #FutureOfWork Kathy Etemad Hollinger
Employer Signaling System (ESS)
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We are very proud to receive a Leading Employers award and be recognised among the top 1% of UK companies to work for. The Leading Employers award aims to bring clarity to the large range of employer studies and awards. It uses a methodology that reviews an extensive number of sources, feedbacks and topics. By combining all this data, a significantly higher validity than in a stand-alone study can be achieved. Reflecting on this recognition, Tom Millar, Director of People at Reed in Partnership commented: “We have a continuing strategic priority to be a great place to work. This means that we focus on creating a workplace that supports our employees to deliver excellent services to our customers. We do this through a range of activities such as positive reward and recognition, learning and career development. As a business with an ambition to continue to grow and diversify, we value our talented employees and are proud to be recognised within the top 1% of leading employers in the UK.” #LeadingEmployers #Top1%
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What matters most to talent in professional roles? In today’s increasingly competitive landscape, ensuring a robust talent pool to drive innovation, commercialization, and sales is more important than ever before. When it comes to securing specialized, professional talent, employers must adapt to their changing needs and ambitions. Although competitive salaries have traditionally been a strong lure, our Workmonitor research reveals that professionals are increasingly valuing broader aspects of employment, such as job flexibility, development, and pay equity. Employers can no longer rely on salary alone to incentivize, attract and retain knowledge workers. The employer of choice will cultivate a culture, prioritise balance and encourage development. Learn more about what you should consider when recruiting professional talent: https://lnkd.in/esFPwHJV
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Entry-level workers face challenges in securing jobs, while senior staff often miss out on promotions, underscoring the necessity for innovative hiring and development strategies. Establishing clear promotion policies and defined career paths is crucial for motivating and retaining employees within organizations. This proactive approach not only boosts job satisfaction but also contributes to fostering an equitable economic recovery. #CareerGrowth #WorkforceDevelopment #EmployeeRetention
Promotions Are Hard to Come By, Blocking Entry-Level Workers From Even Starting
bloomberg.com
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Join our fellow panellist and myself on a discussion on “Recognising Skills, Building Careers” at SkillsFuture Forum 2024 on 9 July. Career Health is imperative for both employers and employees in the rapidly changing business environment today: as we balance on investing in training/retention, skills recognition and employee development to align with industry /business needs. #SkillsFuture #SkillsRecognition #CareerDevelopment #FutureOfWork #Singapore
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Proud moment as Sandvik climbs to #44 on the 2024 Forbes “World’s Best Employers” list, up from #134 last year! We’re honored to stand among the top in the Engineering and Manufacturing industry. #Forbes #EmployerOfChoice #LifeatSandvik Forbes ranks Sandvik in the top 50 global companies to work for in 2024! Excited to see where we go from here! #Forbes #BestEmployers #LifeatSandvik In the 2024 Forbes “World’s Best Employers” list, Sandvik is recognized as a top company in the Engineering and Manufacturing sector, surpassed only by a few. This achievement speaks volumes about our focus on employee well-being and growth. #Forbes #LifeatSandvik #Sandvik
We are proud to be in the top 50 of Forbes annual Best Employers list. Learning and development programs are at the heart of our Human Resources work. Discover more: https://go.sandvik/1FZ
Forbes World's Best Employers 2024 - Best Companies To Work For Worldwide
social-www.forbes.com
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Proud moment as Sandvik climbs to #44 on the 2024 Forbes “World’s Best Employers” list, up from #134 last year! We’re honored to stand among the top in the Engineering and Manufacturing industry. #Forbes #EmployerOfChoice #LifeatSandvik Forbes ranks Sandvik in the top 50 global companies to work for in 2024! Excited to see where we go from here! #Forbes #BestEmployers #LifeatSandvik In the 2024 Forbes “World’s Best Employers” list, Sandvik is recognized as a top company in the Engineering and Manufacturing sector, surpassed only by a few. This achievement speaks volumes about our focus on employee well-being and growth. #Forbes #LifeatSandvik
We are proud to be in the top 50 of Forbes annual Best Employers list. Learning and development programs are at the heart of our Human Resources work. Discover more: https://go.sandvik/1FZ
Forbes World's Best Employers 2024 - Best Companies To Work For Worldwide
social-www.forbes.com
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"Enhancing Employee Retention" by Skills Council of Canada. Employee retention starts long before the first day on the job—it begins with the placement process. Employment agencies feel the pressure when candidates exit too soon, questioning the efficacy of their matching strategies. 🚪 Skills Council of Canada provides a solution through in-depth role assessments and skills development content, assisting agencies in making informed, long-term matches. This proactive approach leads to higher satisfaction and retention. 🎯 Boosting employee retention through strategic placement 🚀 For more information: https://bit.ly/462IQqG #EmployeeRetention #StrategicPlacement #JobSatisfaction #SCCSolutions
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Employment assistance reinvented: Workforce Singapore (WSG) evolves to proactively empower employees with career planning and skills development tools, shifting from crisis response to long-term workforce readiness and industry transformation. A smart initiative!
Personalised career coaching, early skills development among efforts to help workers shift career planning approach
channelnewsasia.com
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Great share Michelle and very relevant for the recent shift towards business offering a strong EVP!