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Enterprise companies have managed to avoid the impact of the Great Resignation, at least so far. The Washington Post reports that while the economy’s overall quit rate has hit record levels, it’s remained essentially even at business locations with more than 5,000 employees. “Turnover-induced wage inflation may put upward pressure on smaller employer costs,” wrote Dennis DeBusschere, founder of 22V Research, in a note to clients. “But there is scant evidence it is yet a problem for large-caps.”
iCIMS announced enhancements to its global partner program to help enable enterprises to build diverse workforces through a unified experience of integrated talent technologies and services. The company’s partners can now work with iCIMS through new developer frameworks and engage with customers through a new Reseller & Implementation Services program. An expanded Service and Advisor Partner program was also launched.
Great Resignation leaves enterprise firms alone; iCIMS launches new feature; recruiters satisfied with manager relationships; and more. #HR #HRTech Click To TweetMost recruiters, talent acquisition specialists and talent acquisition leaders say they’re satisfied with the dynamics of their relationship with hiring managers, though they do see areas for improvement. According to research by Phenom and Talent Board unrealistic expectations, prolonged resume reviews, delayed feedback and unclear candidate criteria all need attention.
The global HCM market size reached $18.04 billion in 2020 and is expected to register significantly steady revenue through 2028, according to analysis by Emergen Research. Increasing demand for unified platforms for HRM is one of the major factors expected to drive market revenue growth. Data security concerns are major restraints to revenue growth. Though HCM solutions provide advantages, security problems appear if cloud-based deployment approaches are used. A number of small and medium-sized businesses use public cloud services, owing to low cost. This further increases risks of security breaches and cyber-attacks.
Assessment firm CodeSignal announced extensive growth for the year, including increasing the number of completed assessments year-to-date by more than 15X previous years, raising $50 million in Series C funding and tripling employee headcount.
Last Week’s Top Stories
Paycor Launches Predictive Resignation Feature to Help Employers Forecast Turnover
Paycor released new functionality within its Paycor Analytics tool, offering customers predictive analysis to understand employee turnover. Read more.
Talent Acquisition Efforts Leave HR Unimpressed
Only 18% of HR professionals describe their company’s talent acquisition function as “top-notch” or “advanced,” according to an HR Research Institute study on the future of talent acquisition. That’s a considerable drop from the 29% found in last year’s report. Read more.
Oracle Adds Tools to Strengthen Data Use in Fusion Cloud HCM
Oracle added new features to Oracle Fusion Cloud HCM Analytics in a bid to help employers identify blind spots and use data to help keep employees engaged and growing. Read more.
Podcast: Aaron Smith, ADP’s SVP of Product Development
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