Job Market Barometer

Unemployment Rate

Help Wanted Index

Source: The Conference Board

According to a survey by human resource consulting firm Development Dimensions International and web-based recruiting resource Electronic Recruiting Exchange (ERE), the four hiring practices of highly successful organizations are:

• Job interviews in which candidates are asked to describe specific examples of their skills
• Automated resume screening and search
• Assessments that predict whether candidates are motivated by the factors associated with a particular job or a company’ s values and ways of doing things
• Simulations that gauge specific job-related abilities and skills

Stat #1
According to research published by SHL in October, U.S. managers waste 34 days a year dealing with underperformers. Managing under-performing employees is one of the worst hidden costs facing American companies.

Stat #2
In a recent study of more than 375 companies, ASTD found that the average employee training investment is between 1% and 3% of total payroll. That equates to more than $700 per employee per year.

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