Skill mismatches amount to a 'hidden tax'

HR Dive | January 17, 2020

Global skill mismatches are "imposing a 6% annual tax on the global economy in the form of lost labor productivity," according to a Jan. 15 report from Boston Consulting Group (BCG). Part of the problem is that skills are becoming obsolete at an increasingly fast rate, BCG said. This increases demand for reskilling and upskilling, but "[t]he system for building human capital needs to be updated," said Leila Hoteit, a BCG senior partner and co-author of the report, in a statement. BCG said these changes have driven several new demands: 1) a need for employees to possess the cognitive and noncognitive skills necessary for adapting to changing requirements; 2) a need for individuals to take responsibility for their own professional development; and 3) a need for collaboration between employees, employers, governments and education systems.

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Developing inclusive upskilling opportunities can build a culture where all employees feel like they belong. What’s more, the right learning solution can help expand people’s career opportunities while closing skills gaps in your organization. How can you develop an inclusive approach to upskilling? Start by making employees fee


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HR ANALYTICS

ChartHop Honors People-First HR Leaders Through 2nd Annual People Pioneers Award

ChartHop | November 16, 2022

ChartHop, the leader in people analytics transforming the way companies manage and support their people, has recognized 10 People leaders redefining the HR discipline in its 2nd Annual People Pioneers Award. ChartHop created the People Pioneers Award to honor HR professionals who have positively impacted their companies and employees via company growth, cultural change, new benefits programs, and more. "This past year we've seen a people-first revolution and People leaders have been tasked with developing programs for the whole employee lifecycle to create a true sense of workplace belonging, We celebrate this year's group of talented People Pioneers for their ability to drive change, embrace the future of HR, and pave the way for future leaders." -said Ian White, founder and CEO of ChartHop The 2nd Annual People Pioneers Award winners were nominated by their peers and selected by a rigorous judging process evaluating their impact on implementing people-first initiatives to positively influence both their people and business' bottom line. Winners earned their accolades for their success in establishing fair compensation policies, scaling company growth, increasing employee net promoter scores, and implementing DEI initiatives. This year's recipients are: Adrianne Court, CHRO at Tealium Aleksandra Paszkiewicz, Head of People at Netguru Chad MacRae, VP of Talent at Tinder JaNaye Norman, VP of People at Modo Labs Jen Paxton, VP of People at Smile.io Joanna Wise, SVP of People at Whip Media Larry Indovina, Chief People Officer at Top Hat My Doan Cong, Head of People at ALT Natalie Rast, Director of People Operations at Stensul Noah Warder, Head of People at Guusto Chad MacRae, VP of Talent at Tinder, earned a spot on the list for bringing strategic foresight to his company's talent team and overseeing triple headcount growth over the last three years. Tinder hired 70% of its current employees under MacRae's leadership. Other key initiatives MacRae introduced to support this dynamic growth include creating workshops, moving to true scenario planning, and implementing the "Be Your Best Self-Education Reimbursement" program. I help my team to lean into the current state of the business and examine the external drivers affecting a business and its headcount growth, With this focus, the Talent team has been able to plan for multiple scenarios while scaling through a global pandemic and launching hybrid work possibilities across North America,said MacRae. My Doan Cong, Head of People at ALT, a champion for inclusivity and employee wellbeing, was chosen for her tremendous impact in creating an empathetic environment for all ALT employees. Since joining the company in early 2022, Doan Cong has rolled out several people-first initiatives: she authored employee leveling and raise structures, increased events and communication to promote belonging, and developed an employee wellness program addressing physical, mental, and financial health. We've heard a lot of talk about driving efficiency across different tech companies, At ALT, we approach efficiency through a people-first lens by asking ourselves, 'How can I get folks to do their best work?' Engagement and feedback culture is really important, especially in companies with remote workers,said Doan Cong. About ChartHop: ChartHop is transforming the way companies manage and support their people. By consolidating people data into one employee-centric platform to visualize, discover, and act on insights, ChartHop creates more informed, empowered, and connected organizations. From executives to individual contributors to every employee in between, ChartHop is designed for everyone in the organization. ChartHop plays well with dozens of platforms through robust integrations across the HR tech stack, and serves companies like 1Password, BetterCloud, and Starburst. Founded in 2019 by Ian White, ChartHop is backed by Andreessen Horowitz.

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HR ANALYTICS,RECRUITMENT & RETENTION

Crosschq Named Best in Class HR Technology for Recruitment by 2022 HRO Today Association Awards

Crosschq | December 01, 2022

Crosschq, pioneers of the Talent Intelligence Cloud™, which is powering a revolution in data-driven hiring and people analytics, today shared that it was recently named the Best in Class HR Technology for Recruitment in North America by the 2022 HRO Today Association Awards. For more than 15 years, the HRO Today Association has recognized company and individual accomplishments in human resources, technology, and leadership around the world. This year’s North America and EMEA program garnered hundreds of submissions, with 71 selected as finalists. The awards for these regions were presented during the virtual HRO Today Association Conference, which took place on November 16, 2022. Of those named as finalists, 37 companies and individuals, including Crosschq, took home awards during the ceremony. “With the HRO Today Association Awards, we aim to recognize the companies and individuals advancing the HR function. What Crosschq provides improves upon several of the challenges and pain points that talent teams frequently lament. It emphasizes transparency and collaboration while identifying process inefficiencies and delivers critical insights. Crosschq is truly a best-in-class recruitment solution, and we congratulate them on this win.” -Elliot Clark, CEO & Chairman of SharedXpertise, publisher of HRO Crosschq CEO Mike Fitzsimmons shared, As an organization, Crosschq is aligned around a common goal: to redefine hiring success. And we know that to help HR and TA leaders create diverse, winning teams, they need access to actionable data and insights that supports Quality of Hire. The solutions we deliver reflect that, and on behalf of the Crosschq team, I would like to express our gratitude to the HRO Today Association for this tremendous recognition. About Crosschq Crosschq is powering a revolution in data-driven hiring and people analytics to help companies better recruit and retain talent. Crosschq’s Talent Intelligence Cloud™ provides solutions across the new hire lifecycle to help enhance sourcing, screening, and onboarding of new hires while providing a single source of truth for customers to accurately measure Quality of Hire. The company’s AI-driven cloud-based SaaS solutions were built with a talent-first approach, prioritizing trust and transparency, minimizing bias and protecting privacy. Leading innovative companies like Pinterest, HubSpot, Snowflake, Saks Fifth Avenue, Roku, Upwork, and DISH trust Crosschq to help build diverse winning teams. Founded in 2018, Crosschq is backed by Tiger Global Management, GGV Capital, Bessemer Venture Partners, SAP.iO, Okta Ventures, Slack / Salesforce and Rocketship.vc.

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HR ANALYTICS,EMPLOYEE EXPERIENCE

Vault Consulting Announces Nonprofit Human Resources Consulting

Vault Consulting | November 22, 2022

Vault Consulting, the nation's leading accounting and research firm, announced its expansion into Human Resources Consulting today. The DC metro-based firm provides a partnership approach to help nonprofit organizations and associations advance their missions to thrive and grow. DC metro-based accounting and research firm Vault Consulting announces expansion into Human Resources Consulting for nonprofits and associations. The expansion is led by Vault's head of Human Resources, Kendra Janevski, SPHR, SHRM-SCP. Vault offers more than subject matter expertise; we deliver a powerful new perspective and a clearer path forward. Vault Human Resources Consulting does not focus on a specific issue or offer only packaged services. The team begins with client challenges and offers customized solutions to the client's individual and specific needs. "It is unique because we offer a suite of complementary services that no other consulting firm does. We equip organizations of all types with the financial acumen to thrive, the HR oversight to drive successful and compliant people practices, and the data-based insights and analytics for actionable intelligence and informed strategic decision making." - Vault CEO Wes Tomer, CPA, CGMA This expansion offers a new but complimentary service offering and will assist clients and partners manage challenges, gain insight into best practices, and establish change management processes.

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WORKFORCE MANAGEMENT,EMPLOYEE EXPERIENCE

Chicago Tribune Names SilkRoad Technology As Best Places to Work in 2022

SilkRoad Technology | November 11, 2022

SilkRoad Technology has been named one of the Chicago Tribune’s 2022 Top Workplaces, first among HR technology providers of all sizes. Results are based entirely on an anonymous employee feedback survey conducted by a third party, Energage, from April to July 2022. The survey measures 15 drivers of engaged work cultures, including connection, alignment, and execution. This year, SilkRoad ranked 25th on the list of smaller organizations, defined as having under 249 employees. “We are proud to continue to be recognized as a top workplace in Chicago for our approach to engaging and retaining talent, As Chicago continues to see interest and investments as a tech hub and prized talent pool, competition will increasingly heighten. We will continue to invest in employees, encourage them to commit to their craft and provide opportunities for new benefits and a rewarding work-life balance.” -Kate O’Neill, Chief Financial and People Officer of SilkRoad Technology As an HR technology provider, it’s important that we practice what we preach to our clients in terms of delivering compelling experiences to our employees, Now more than ever, people want to work for a culture that exemplifies excellence. We look forward to continuing to set the bar in Chicago and abroad,said Robert Tsao, Chief Executive Officer of SilkRoad Technology. About SilkRoad Technology Since 2003, SilkRoad has set the standard for talent acquisition innovation with scalable, configurable, branded experiences that attract, retain and align people to their business. SilkRoad delivers personalized experiences for employees to drive engagement across the employment lifecycle, enabling measurable and improved business outcomes.

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Spotlight

Developing inclusive upskilling opportunities can build a culture where all employees feel like they belong. What’s more, the right learning solution can help expand people’s career opportunities while closing skills gaps in your organization. How can you develop an inclusive approach to upskilling? Start by making employees fee

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