With low unemployment rates and very small growth of the working-age population in the United States, businesses are struggling with employee retention and recruiting. I’ve been studying the issue since I looked at the demographic trends over a decade ago
The ace high-tech recruiter Connie Dorrigan just released a little survey of keys to success, including the best economist for business consulting. Click here to read Many Roads Lead to Success.
Non-tech businesses are at risk from the technology boom. Do you run a medical clinic, a retail chain, or a manufacturing company? You are at risk of losing important talent—greater risk than may be obvious. However, strategies to retain your
Back in January I wrote: "The economy will gradually improve over the course of 2011, which is mostly good news, but will present some challenges to business. Notably, your best employees will have opportunities at other companies. You
Sometimes I say something that seems obvious to me, and people in the audience start taking notes. "Aha!" I say to myself, "maybe that wasn't so obvious." This week I was in Las Vegas presenting a course on how the
The headlines will go to the rising unemployment, but there’s other interesting labor market news. Not a surprise, but the number of workers voluntarily quitting is down. Folks are sticking with the devil they know (or at least the boss
The Wall Street Journal published a list of starting salaries for college graduates by major (subscription required). At the top of the list is engineering ($49,707), followed by computer programming ($46,775), mathematics ($46,405) and economics ($43,419). What’s critical here is
Even with the economy turning down, employee retention is important. The cost of hiring, training, and supervising new employees is substantial. If a person leaves before the company recoups all of these costs, then turnover is a significant cost. It’s
I wouldn’t normally look to a comedian for economic commentary, but Drew Carey combines an interview with economist Michael Cox with some eye-opening interviews with . . . maybe they were fat cats or maybe the middle class. Watch
The Wall Street Journal has a good article (subscription required) about companies re-hiring their retirees to cope with tight labor markets. These companies often use the retirees for part-time or temporary positions. The article featured Schneider the "transportation and logistics"