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Hiring managers foresee more turnover, cost rising to $36,295
February 28, 2024About 33% of US hiring managers anticipate employee turnover at their company to increase in the next year, according to a report by Express Employment Professionals. In addition, HR managers anticipate an average turnover cost of $36,295 annually; more than 20% expect the cost to climb to $100,000 or...
Third of HR leaders piloting, implemented generative AI
February 28, 2024More than a third of human resources leaders, 38%, are piloting, planning implementation or have already implemented generative artificial intelligence in their functions, according to a report by Gartner. This is up from 19% in June 2023.
“More organizations are moving from exploring how generative...
Heidrick revenue up 7.4% with help from acquisitions
February 27, 2024Heidrick & Struggles International Inc. (NASDAQ; HSII) reported fourth-quarter net revenue rose 7.4% to $253.2 million. Executive search revenue fell, but revenue rose in both its on-demand talent and Heidrick consulting operations thanks to organic growth and acquisition.
Executive search confirmations...
Workday moves further into ecosystem with HiredScore buy
February 27, 2024Workday Inc. (NASDAQ: WDAY) struck a deal to acquire HiredScore, a sourcing automation tool that uses artificial intelligence to rank external and internal candidates, including contingent workers.
The deal is an example of how large firms are expanding their workforce ecosystem operations.
Consumer confidence stumbles after three months of increases
February 27, 2024Consumer confidence in the US slipped in February after three consecutive months of gains amid economic uncertainties, The Conference Board reported today. The Conference Board Consumer Confidence Index now stands at a reading of 106.7 (1985=100), down from 110.9 in January. The Conference Board also...
US staffing hours remain stable: SIA | Bullhorn Staffing Indicator
February 27, 2024US temp staffing hours were roughly stable in the week ended Feb. 17 compared to the previous week, according to the latest SIA | Bullhorn Staffing Indicator report. Commercial staffing hours were flat, and professional staffing was down just 1.1%.
Nearly a third of nurse leaders to change jobs
February 27, 2024As nurse leaders face challenging work conditions, 31% plan to leave their jobs in the next year, according to a survey released today by AMN Healthcare Services Inc. (NYSE: AMN).
The survey found that the key factor driving nurse leader turnover is burnout, with 72% of nurse leaders indicating they sometimes,...
DE&I Influencers deadline coming this week
February 27, 2024The deadline to send nominations the 2024 Diversity, Equity & Inclusion (DE&I) Influencers US and Canada list is coming this Friday, March 1.
This list recognizes professionals who are leading the charge to create opportunities for historically excluded communities in the workforce solutions ecosystem....
US economic outlook sharply upgraded in NABE report
February 26, 2024The outlook for the US economy this year is brighter than first thought. A new report by the National Association for Business Economics upgraded expectations for 2024.
Real gross domestic product for the US is now forecast to growth 2.2%, according to the median projection in the February 2024 NABE Outlook...
Proman says 2023 revenue rises amid acquisitions, organic growth
February 26, 2024Proman, a global staffing firm based in Manosque, France, reported revenue rose 9.85% in 2023 to nearly €4.11 billion (US$4.53 billion). The company, which ranks as 14th-largest in the world, reported organic growth across its markets drove the increase as well as several acquisitions in the past year,...