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The pandemic years made young workers more ambitious, even as their older colleagues grew less ambitious, according to new research from Qualtrics. In a study of 3,000 working Americans, Qualtrics found that more than one-third (35%) of workers overall say their career ambitions decreased over the past three years. However, younger workers – Generation Z and young millennials – are growing more ambitious, with 35% reporting higher career goals than they had pre-pandemic.
Skillsoft entered into a content partnership with GoodHabitz, a provider of online skills training and professional development based in the Netherlands. Through this, the companies said they will provide customers and learners with a content library to support mental health and well-being in the workplace, as well as a broad range of skills including personal productivity, leadership development and communication.
This week in #HRTech: young workers are more ambitious; @Skillsoft partners with GoodHabitz #HR @GoodHabitzHQ Click To TweetWhile the impact of a potential recession and rising inflation dampens the hiring outlook, U.S. employers continue to report upbeat hiring plans, says ManpowerGroup. IT remains the strongest sector, despite headlines about tech hiring and layoffs. The weakest outlooks were predicted by employers in communication services (18%), goods & services (15%), transport and logistics & automotive (5%).
HR and benefits software company Ease unveiled Simple Setup, its payroll solution for integration of benefits and payroll. With this product, Ease employer groups can connect to preferred payroll providers including ADP Workforce Now, ADP RUN, BambooHR, Paycor and Paylocity in a few steps.
Some 88% of companies worldwide are already using AI in some form to streamline their hiring, onboarding and upskilling processes. However, the talent platform Clapself said the level of automation in HR continues to lag other business functions such as sales and marketing. “Overall candidate experience, hiring costs and time it takes to fill a position continue to be major worries for hiring managers,” said CEO Anuj Kanish.
FoxHire announced they will begin providing global Employer of Record (EOR) services in more than 80 countries to their customers effective immediately. This offering covers six continents, while ensuring local employment law compliance and streamlining the global expansion and hiring process.
The workforce management market size reached $6.66 billion in 2021 and is expected to register a CAGR of 9.7% in the following years, according to latest analysis by Emergen Research. Rapid adoption of cloud-based workforce management solutions as well as rising demand for workforce optimization and mobile applications with growing demand for reduced operational costs are key factors driving the market revenue growth.
Shift-based workforce management software company When I Work has appointed Blake Adams as its chief executive officer.
Learning company Udemy announced two new additions to its leadership team, welcoming Karen Fascenda as its chief people officer and Nathan Blain as general manager of cohort learning.
Last Week’s Top News
Slack Reduces Workforce as Part of Salesforce Cuts
Team communications platform Slack will conduct layoffs as a part of parent Salesforce’s reduction in force. Earlier this week, Salesforce said it will lay off 10% of its workforce and cut back on office space. According to The Wall Street Journal, the cutbacks come as a number of the company’s customers take a more cautious approach to spending. The Journal noted that an increasing number of software companies are facing similar conditions. Read More.
Industry-Wide Talent Shortage Puts a Brake on Use of Data, Analytics
Nearly three-quarters of IT decision makers and influencers in the U.S. and Canada (74%) believe the data and analytics industry is facing a shortage of talent, according to the data and analytics firm Adastra. That poses a problem, as 91% view data as an important part of their business. Read More.
Market for Employee Recognition Technology Expected to Grow
The global employee recognition system market is projected to reach $34.1 billion by 2030, according to Acumen Research and Consulting. That’s up from the $11.1 billion in 2021, and represents a CAGR of 13.4%. Read More.
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