Insights on Corporate Talent, Learning, and HR Technology
While I’m not formally trained as an economist, I spend so much time with companies HR departments I feel like we are “micro-economics” experts. So in a confusing time of paradoxical data (low unemployment during growing layoffs), let me explain what’s happening.
The US Labor Market Is A Churning Engine
While it’s tempting to think ... Read more»
Why do we have a labor shortage as we enter an economic slowdown? It’s an interesting paradox.
For the first time I can remember we’re entering a global economic slowdown yet the unemployment rate has dropped to the lowest it’s been in 53 years (3.4%) There is a shortage of people to take the jobs ... Read more»
As we enter 2023, I think it’s time to talk about leadership, a topic filled with books, ideas, and consultants. And the theme I want to discuss, as we launch our new Irresistible Leadership research, is Leadership In A Time Of Slower Growth.
Here’s my thesis.
We Have Entered A New Era.
For the last ... Read more»
People have been talking about the future of work for decades, and it’s always an interesting, controversial, and complicated topic. Well, this week I spoke at a very unique event in Europe that gives us new ideas how to address this large and complex issue.
On November 23 I was honored to address the King ... Read more»
Time to talk about layoffs, a topic nobody likes. And while you may consider layoffs a “case of bad management,” let me convince you otherwise. In some sense they’re just a fact of life, and often we simply need them. Here is my argument.
The Growth Cycle Of A Business
Companies, like people, go through ... Read more»
For the last three years we’ve been worried about burnout, mental health, and work life balance during the pandemic. This week a new issue has emerged. A new Mercer study of employee sentiment found that pay has suddenly become the number one factor in satisfaction at work.
When asked “what keeps workers up at ... Read more»
This week was the week of Cornerstone’s global user conference, entitled Limitless: Unlocking the Potential of your Workforce. And for the first time, users get to see what the new Cornerstone is all about.
Let me first say that I’ve been working with Cornerstone from the beginning, when the company was a scrappy LMS ... Read more»
We just released new research on Career Pathways, a bold corporate innovation that creates non-linear career paths for workers with any education. This approach, which has been pioneered by companies like Walmart, Amazon, Mercy BonSecours, and others, has the potential to transform jobs, companies, and the economy. (More details here.)
But first, ... Read more»
Everyone keeps talking about the economy these days. Interest rates are rising, inflation feels out of control, and there’s a hint of recession in the air. Yet job growth remains strong and unemployment is low. What’s really going on?
After years of study and hundreds of conversations with business leaders, I’ve come to a ... Read more»
We just completed a massive study of the talent and HR challenges in healthcare, and the findings are astounding. And there is a lot to learn from this industry.
To start, you should understand that healthcare is now the largest industry in the United States. Almost 14% of the American workforce serves in this ... Read more»
Unbelievable. After four months of worries about a recession and a steady increase in interest rates, today the BLS reported that 528,000 jobs were created and the unemployment rate dropped to 3.5%. This is the lowest it has been since 1969, a year when I was in middle school.
And at the same time ... Read more»
Today was some big news. ServiceNow, the leader in enterprise workflow and employee experience platforms, announced the acquisition of Hitch, a small player in the massive market for skills technology and talent marketplace solutions. This puts ServiceNow in direct competition with Workday, Oracle, SAP, and a flurry of others, and opens up the big ... Read more»
This week we launch our Irresistible Conference at the same time the stock market has plunged, interest and mortgage rates are rising, and economists are worried about a recession. It reminds me of our first Impact conference in 2008, which we launched the month the financial meltdown began.
Whether the economy goes down or ... Read more»
One of the most frustrating, tired, and archaic HR practices is performance management. Most of us have had horror stories with our “performance appraisals,” leading HR leaders to try to reinvent performance management all the time.
We went from top-down cascading goals in the early 2000s to Continuous Performance Management in 2010 to new discussions ... Read more»
Over the last few months, the stock and bond markets have been devastated. After nearly twelve years of effectively zero interest rates, the US Fed is raising rates steadily. Why? The government has been flooding the market with cash for a decade and it’s time to clean things up.
While this is not going to ... Read more»
