Hiring managers discriminate against the long-term unemployed

“Employers statistically discriminate against workers with longer unemployment durations,” according to a labor-market study reported by the National Bureau of Economic Research (NBER).

The researchers sent fake résumés to 3,000 real, online job postings — noting the length of unemployment on the résumé — and then tracked the “callbacks” from employers. “The likelihood of receiving a callback for a job interview sharply declines with unemployment duration,” the NBER reported in its March 2013 Digest.

The effect is most pronounced in the first eight months after becoming unemployed, according to the study (NBER Working Paper No. 18387) by Kory Kroft, Fabian Lange and Matthew Notowidigo.

8 top business issues for ’08

No surprises here.  But it’s a nice restating of the obvious megatrends. From interviews with industry consultants at Deloitte & Touche USA LLP, here are eight business issues “that resonated across multiple industry sectors and could have a dramatic impact” this year:

  • Globalization
  • Convergence
  • Environmental Sustainability
  • Rising Energy & Health Care Costs
  • Transparency
  • Technology Use & Integration
  • The 2008 Presidential Election
  • Talent Management

Source: “2008 Industry Outlook: A Look Around the Corner,” Deloitte & Touche USA LLP, January 2008
The full report, with analyses for various industries, is available here.

Continue reading “8 top business issues for ’08”

What CEOs worry about

The greatest concerns of U.S. CEOs
(% citing challenge as of “greatest concern”)

  1. Sustained & steady top-line growth (41.3%)
  2. Excellence in execution (39.6%)
  3. Consistent execution of strategy by top management (38.5%)
  4. Profit growth (29.9%)
  5. Customer loyalty/retention (25.6%)
  6. Finding managerial talent (20.9%)
  7. Top management succession (20.1%)
  8. Corporate reputation (19.7%)
  9. Stimulating innovation/creativity (19.2%)
  10. Speed, flexibility, adaptability to change (18.2%)

Base: Survey of 409 U.S. CEOs
Source: The Conference Board “CEO Challenge 2007” (4 October 2007)

Continue reading “What CEOs worry about”

Top HR challenges (hint: they include acquiring, retaining and grooming key talent)

Ranked list of the top HR challenges (in North American business)

  1. Acquiring key talent/lack of available talent
  2. Building leadership capability
  3. Driving cultural and behavioral change in the organization
  4. Retaining key talent
  5. Increasing line manager capability to handle people-management responsibilities
  6. Succession planning
  7. Constraints on headcount (“making do with less”)
  8. Increasing workforce productivity
  9. Lack of consensus about the organization’s strategy/direction
  10. Encouraging organizational innovation
  11. Resourcing and managing HR issues in “new geographies” for the company
  12. Managing human capital during and after an acquisition or merger
  13. Implementing people changes resulting from changes due to operational performance
  14. Workforce planning
  15. Measuring the contribution of human capital to business performance
  16. Reducing overall human capital costs
  17. Coping with an aging workforce

Base: Survey of 154 senior HR professionals in the U.S. and Canada
Source: “The State of HR Transformation,” North America, Mercer Human Resource Consulting, 2006
Discovered via Workforce Management (10 September 2007)

Top 10 job shortages, 2007

The top 10 jobs that employers have difficulty filling
(global, 2007):

  1. Sales representatives
  2. Skilled manual trades (e.g., electricians, carpenters, cabinet makers, masons/bricklayers, plumbers, welders)
  3. Technicians (production/operations, engineering, maintenance)
  4. Engineers
  5. Accounting/finance staff
  6. Laborers
  7. Production operators
  8. Drivers
  9. Management/executives
  10. Machinists/machine operators

Source: Survey of 36,629 employers in 27 countries, by Manpower Inc., March 2007
Note: This is a global, aggregated list. There are significant regional and country-specific differences. For example, in the U.S., teachers are the second hardest job to fill. The full 2007 Manpower Annual Talent Shortage Survey is available here.