The mining industry is facing significant hurdles in hiring and retaining a competent workforce amid a shrinking pool of skilled labor and an aging population of senior executives, which escalates operational risks and costs. With educational programs in mining engineering dwindling and seasoned professionals retiring, companies are encountering challenges in finding successors with equivalent experience. These dynamics are impacting project
Artificial intelligence (AI) is no longer a futuristic concept; it is transforming workplaces across industries today. From making administrative tasks more efficient to enabling creative workflows and transforming team collaboration, AI is revolutionizing how businesses operate. The real challenge now lies in determining if employees are equipped to leverage this technology to its full potential. Preparing employees to work with
As 2024 drew to a close, New Zealand witnessed a remarkable surge in average salaries, reaching an all-time high of $73,332, according to data released by Trade Me Jobs. The capital city’s financial muscle, Auckland, outpaced others with an average salary of $76,015, surpassing Wellington’s $75,168. On the other side of the wage spectrum, the West Coast reported a significant
In a bold move set to revolutionize its operations, CaixaBank has announced the integration of artificial intelligence (AI) into its comprehensive strategic plan, Cosmos, part of a broader €5 billion business initiative launched last year. This ambitious initiative is designed to enhance customer services and streamline internal processes by incorporating advanced AI technologies. By doing so, CaixaBank aims to boost
In today’s competitive job market, companies are continually seeking ways to improve their recruitment processes to ensure they get the best talent while managing costs effectively. The recruitment landscape has evolved beyond traditional methods, and organizations must now analyze detailed metrics to maximize their recruitment return on investment (ROI). This article explores key strategies and metrics necessary for organizations to
As Generation Z, the cohort born between 1996 and 2012, steadily integrates into the global workforce, businesses are confronted with the task of altering their workplace strategies to accommodate these future innovators. Companies are witnessing the immense pressure Gen Z faces as they enter the workforce amid global disruptions like the COVID-19 pandemic and the rapid digital transformations reshaping industries.
The healthcare industry has long been plagued by complex and often cumbersome hiring processes, burdening both recruiters and job seekers with inefficiencies and biases that make finding the right fit a formidable challenge. These difficulties, encompassing exhaustive resume reviews and extensive job searches, often leave both parties dissatisfied and exhausted, prompting a significant need for innovation. Enter artificial intelligence, a
Employee turnover can be a significant drain on resources, both financially and in terms of lost knowledge and productivity. High turnover rates compel companies to invest considerable amounts of time and money into recruiting, hiring, and training new staff. By focusing on talent retention, businesses stand to create a more stable and resilient workforce, which can lead to a competitive
In a rapidly evolving job market, artificial intelligence (AI) has become a powerful catalyst in optimizing the hiring process. Recent trends demonstrate how pivotal AI tools have been in enhancing hiring efficiency, but a challenge persists: these advancements have yet to significantly elevate the quality of hires. As the economic boom of 2021 and 2022 fades, the current stable yet
The Federation of Small Businesses (FSB) conducted research that revealed small employers are increasingly cautious about recruitment, with a significant number expecting to reduce their workforce in the impending quarters rather than expand. Notably, 33% of small businesses anticipate cutting staff numbers in the last quarter of 2024, a sharp rise from the 17% reported in the preceding quarter. On
In this interview, we have Ling-Yi Tsai, an HRTech expert with decades of experience. She will share her insights on HRMS software, crucial factors to consider when selecting one, and a review of top HRMS platforms such as Deel, BambooHR, Paycor, and BIPO. We’ll also discuss the evolution of the HR technology market and advice for businesses in choosing the
In an era where social media platforms dominate the way we connect and communicate, brands are constantly seeking novel ways to create content that resonates authentically with their audiences. One of the most effective yet often overlooked strategies is employee-generated content (EGC). EGC entails content created and shared by employees, showcasing their personal experiences, perspectives, and insights about the brand
