Fed: US unemployment rate could top 30% in Q2 2020

HR Dive | April 01, 2020

The U.S. may reach more than 30% unemployment for the second quarter of 2020 due to the slowdown in economic activity caused by the COVID-19 pandemic, according to an analysis published March 24 by the Federal Reserve Bank of St. Louis. That estimate translates to a total of some 52.81 million unemployed persons in the second quarter, the Fed said, with about 47 million workers being laid off during that time period. The Fed noted a separate estimate from one of its regional economists, who estimated that 66.8 million people are employed in occupations with a high risk of layoffs, including sales, production and food preparation and services, among others. The Fed's analysis has some caveats, it said. The calculations assume the labor force is constant, and they exclude the fact that some recently unemployed workers may not seek employment. Businesses may also choose to send workers home with pay rather than lay them off, the Fed said. The analysis also did not account for the impact of measures like payroll support for small businesses or changes to unemployment insurance, both of which were addressed in a recently passed federal law.

Spotlight

For HR managers, even simple changes to employee information—a new address, a marriage, etc.—can take hours. First you update your payroll system, then your HRIS, and then you send paper forms to each one of your benefits providers. But what if you could do all of this with one click? And what if all of these systems could actually work together to help you manage everything from new hire onboarding to payroll deductions to benefits renewals—all online, all in one place, all for free?


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HR STRATEGY

Mogul, Inc. Receives 2022 High Performer Award From SoftwareSuggest

Mogul | July 06, 2022

Mogul, Inc., a high-growth disruptor in the HR technology and executive recruitment industry, today announced that it has been awarded the High Performer 2022 Award from SoftwareSuggest’s Recognition Summer Awards 2022. The award recognizes Mogul for its strong commitment to customers and for “going above and beyond” in the HR industry. Mogul is changing the way that recruiters and talent acquisition professionals find and hire diverse talent. While most talent acquisition platforms are built with algorithms that favor non-diverse candidates, Mogul’s subscription-based software offers direct access to more than 494 million diverse candidates–the most comprehensive database available worldwide–and has been shown to increase diverse pipelines by 74.4% annually. Additionally, recruiters can sort results by gender, ethnicity, veteran status, and disability status, with no limit on the number of candidates sought. No other talent acquisition platform offers this combination of abilities. “In a rapidly changing job market, our customers appreciate that our offerings allow them to find a deeper level of diverse talent than ever before,” said Tiffany Pham, Founder, CEO, and Chairman of the Board at Mogul. “In a rapidly changing job market, our customers appreciate that our offerings allow them to find a deeper level of diverse talent than ever before,” said Tiffany Pham, Founder, CEO, and Chairman of the Board at Mogul, “We are so honored to be recognized by SoftwareSuggest for our commitment to our customers.” Mogul’s long-time clients include hundreds of top companies and Fortune 1000 organizations such as Anheuser-Busch, Bain & Co., The Hershey Company, The Honest Company, Nike, Shopify, Stanley Black & Decker, and United Healthcare. Going Above and Beyond in Diversity Founded by Tiffany Pham in 2014, the company initially began as a thriving and inclusive online community for professional women, minorities, and people of color. Since then, it has expanded into the largest online resource for women and diverse professionals, creating an entire ecosystem for finding, hiring, retaining, and promoting top talent globally. Mogul’s product offerings include educational and networking events, a job board, subscription-based talent acquisition software for HR professionals, and diversity-focused executive and board recruitment services. About Mogul At Mogul, our vision is to unlock the world’s greatest potential. We support diverse individuals and organizations to achieve their goals and cultivate meaningful success, through pioneering technology solutions and inclusive community. An innovator in the $200 billion global recruitment market, Mogul is a diversity recruitment platform and one of the world's largest resources for diverse talent. We partner with the Fortune 1000 and the world's fastest-growing companies to attract and advance top diverse talent — from entry-level to executive and board-level worldwide — through our market-leading software and executive recruitment services. Our long-time clients include hundreds of top companies and Fortune 1000 organizations such as Anheuser-Busch, Bain & Co., The Hershey Company, The Honest Company, Nike, Shopify, Stanley Black & Decker, and United Healthcare. With our rapid growth, Mogul supports, invests in, and provides free resources for the economic advancement of individuals in need globally, through international partners such as the United Nations. Mogul has been named one of the “100 Most Exciting Startups” by Business Insider, “Best Website for Finding Top Talent” by Inc. Magazine, “Top Website for Marketing Your Company” by Forbes, and “Top Online Learning Platform” by Entrepreneur. With market-leading HR technology, fast-growing executive recruitment services, and a diverse, inclusive online community of executive and board-level talent, Mogul is innovatively paving the way for diverse professionals and the companies that need them.

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TALENT MANAGEMENT

Cooleaf Launches New Survey Tool to Measure eNPS (Employee Net Promoter Score)

Cooleaf | July 14, 2022

Cooleaf, the leading employee experience platform for high-performing teams, has introduced a new feature to help customers measure and boost their employee engagement. With Cooleaf's pulse survey tool, customers will now be able to easily schedule and deploy eNPS surveys to measure employee loyalty and collect actionable insights. What is eNPS? NPS, or Net Promoter Score, is a key metric to measure brand experience. NPS measures the likelihood of employees, customers, or to recommend your business to others with a one-question survey. For the employee experience, Employee Net Promoter Score, or eNPS, is measured by asking, "How likely is it that you would recommend our company to a friend or colleague?" Survey respondents are sorted into Promoters, Detractors, or Passives based on their answer, and eNPS is calculated by subtracting the percentage of Detractors from the percentage of Promoters. The shortness and simplicity of the eNPS survey makes it ideal for setting goals around employee engagement. "Employee Net Promoter Score is the quick and standard way to track employee loyalty and satisfaction within an organization, Now that the eNPS survey is built into the Cooleaf platform, we can help our customers deploy the survey on a regular basis and benchmark results over time. Organization leaders and HR teams can filter that data by team or department, and use it to drive their engagement strategy. When you combine that data with the engagement initiatives and tactics that Cooleaf provides, eNPS becomes a very powerful tool for improving company culture." -Jess White, Senior Director of Customer Success How it works HR leaders can access the eNPS survey tool within Cooleaf's Manager Dashboard. It only takes a few seconds to set up the survey, review the questions, and select your survey timeframe. To improve your survey participation score, teams can also choose to award Cooleaf Reward Points for anonymous survey completion. Watch this video to learn more. Once the survey has been deployed, managers can see the results, download reports, and track trends over time. As part of Cooleaf's engagement strategy, Cooleaf's Customer Success team will help identify opportunities and recommend engagement tactics during quarterly business reviews. About Cooleaf- Cooleaf is the leading solution for companies looking to drive extraordinary experiences for their employees, customers, and prospects. Through Cooleaf's platform, forward-thinking brands are empowered to listen to sentiment and signals through pulse surveys and SaaS platform integrations, take action to engage stakeholders through recognition, incentives, and virtual experiences and glean data insights through a powerful suite of analytics tools.

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TALENT ACQUISITION

Alorica Hires Industry HR Leader Asma Sultana as Vice President of Corporate Talent Acquisition

Alorica | July 08, 2022

Alorica Inc., a trusted global leader in next-generation customer experience (CX) solutions, today announced it has hired highly-experienced recruiting and human resources (HR) executive Asma Sultana as the company’s Vice President of Corporate Talent Acquisition. In this newly-created role, Sultana is responsible for developing and implementing Alorica’s global strategy of hiring world-class associates for corporate business functions including its Digital Business Center (DBC) based in Bengaluru, India. The DBC is Alorica’s innovation lab dedicated to designing and deploying the CX provider’s newest digital products and service capabilities. Additionally, Bengaluru and Mohali are growing markets where Alorica continues to expand its operations with more than 2,460 local employees. Sultana, who also lives in Bengaluru, reports directly to Colleen Beers, Chief Administrative Officer. Sultana brings a diverse recruiting perspective and a track record of success in transforming global recruiting teams for multinational corporations. With more than 20 years of HR management experience including a specialized focus on building people-focused, performance-based programs, Sultana has a deep understanding of today’s global workforces and the corporate values that resonate with employees. She most recently served as Senior Vice President for Leadership Hiring at Accenture Operations. Prior to this role, she played several key roles as HR Business Partner, Talent Strategist and Industry Group HR lead for Accenture’s Technology Division, supporting India and other regions including North America, LATAM, EMEA and APAC. In addition, she has held HR positions at HP and LG. Sultana is a law graduate from Bangalore University Law College and has earned a Postgraduate Degree in Human Resources from XLRI Jamshedpur. “As Alorica continues to grow and the extensive digital CX needs of our clients evolve, the timing was right to add a senior talent acquisition executive to our Employee Experience management team to oversee this critically-important human element of our business,” said Beers. “Alorica is committed to finding and retaining high-caliber professionals all around the world, so Asma’s proven leadership and culturally diverse experience will play a major role in our ability to draw in technically-skilled candidates around the globe who embrace Alorica’s mission. And that’s how we’ll continue to maintain our award-winning work environment, while exceeding client expectations.” “Today’s employee experience strategies, especially those for global CX specialists such as Alorica, require an extraordinary amount of insight, adaptability and finesse to effectively design and implement in this competitive market,” said Sultana. “Today’s employee experience strategies, especially those for global CX specialists such as Alorica, require an extraordinary amount of insight, adaptability and finesse to effectively design and implement in this competitive market,” said Sultana. “No company can be successful without investing in hiring and keeping the right people, and Alorica has thrived in this area through its people-first approach. I personally feel energized by, and connected to, Alorica’s vision of making lives better, and I look forward to leveraging my expertise to expand and enhance the company’s talent acquisition initiatives.” Named a Leader in the 2022 Gartner Magic Quadrant for Customer Service BPO, Alorica has significant experience formulating and managing CX programs around the world. As Alorica grows its global footprint, Sultana will set the vision, strategy, and leadership for Alorica’s talent acquisition team dedicated to attracting and hiring the best employees for the company’s corporate and shared services functions. This includes developing and executing Alorica’s employer branding strategy to support key business functions, including IT, workforce planning, quality control, finance, training, and employee experience. Sultana will work closely with Alorica’s executive leadership team to create customized recruitment strategies and help orchestrate the entire hiring process from beginning to end. About Alorica Alorica creates insanely great digital customer experiences at scale. Our team of 100,000 solutionists, technologists and operators partner with global brands and disruptive innovators to deliver digitally-charged, tailored interactions customers crave. With a track record of creating long-term loyalty, Alorica brings actionable insights, proven processes and CX leadership to transform clients’ business needs, whether they’re focused on digital optimization, customer engagement or market expansion. Through strategic partnerships with best-in-breed technology, we design, integrate and optimize digital solutions personalized to reach clients’ most desired outcomes now and for the future. Alorica drives CX innovation for the best clients around the globe from its award-winning operations in 16 countries worldwide. To learn more, visit www.alorica.com.

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EMPLOYEE BENEFITS,WORKERS COMPENSATION

Salary.com Named to Constellation ShortList for Compensation Management

Salary.com | August 25, 2022

Salary.com® today announced it was named to the Constellation ShortList™ for Compensation Management in Q3 2022. The technology vendors and service providers included in this program deliver critical transformation initiative requirements for early adopters and fast-follower organizations. "Receiving the Constellation ShortList award is a testament to how our data and software innovations are powering advancements in mission critical workforce objectives, including achieving pay equity and transparency, Today's labor dynamics make it clear that maintaining the status quo is not an option. We're proud of our work with thousands of forward-thinking companies who are committed to getting pay right. We are especially proud to have achieved this honor for the fourth year in a row." -Salary.com CEO Kent Plunkett Salary.com's market leading CompAnalyst® SaaS platform accelerates compensation workflows, delivers real-time data, provides job description management, and powers accurate, equitable and competitive compensation. In allowing for deep analysis with a few clicks, CompAnalyst helps organizations quickly identify equity issues, flight risks, and other real-time talent intelligence insights that play a key role in winning the war for talent. Organizations must reconsider how they balance business models, work/life priorities, and new market conditions during the uncertain climate of the Great Refactoring, Constellation's ShortLists reflect the top vendors that matter most to our network of buy-side clients. We publish ShortLists to expedite the decision-making process for leaders making critical vendor selections, so they can find the right partners to enable their business success,said R "Ray" Wang, chairman and founder at Constellation Research. Constellation Research advises leaders on leveraging disruptive technologies to achieve business model transformation and streamline business processes. Products and services named to the Constellation ShortList meet the threshold criteria for this category as determined through client inquiries, partner conversations, customer references, vendor selection projects, market share, and internal research. The portfolio is updated at least once per year as the analyst team deems necessary based on market conditions. ABOUT SALARY.COM Salary.com® is the leading provider of compensation market data, software, and analytics, bringing more of the trusted data and intuitive software organizations need to get pay right. The industry's fastest-growing compensation management company, Salary.com serves over 30,000 survey participant organizations, over 8,000 business-to-business software subscribers, and over 45 million employees globally. HR professionals rely on Salary.com's 360° view of their compensation practices so they can efficiently and accurately achieve internal pay equity and adapt to market changes. Salary.com's state-of-the-art CompAnalyst® accelerates compensation workflows, delivers real-time data, and powers accurate, equitable, and competitive compensation through one intuitive platform.

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Spotlight

For HR managers, even simple changes to employee information—a new address, a marriage, etc.—can take hours. First you update your payroll system, then your HRIS, and then you send paper forms to each one of your benefits providers. But what if you could do all of this with one click? And what if all of these systems could actually work together to help you manage everything from new hire onboarding to payroll deductions to benefits renewals—all online, all in one place, all for free?

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