With unemployment hovering at its lowest level in more than a decade, a
new study from Kronos
Incorporated finds more than half (53 percent) of organizations are
planning to make major changes to their talent acquisition strategy
within the next two years in response to increases in time-to-hire and
cost-to-hire created by the competitive job market.
The study, "How
High-performing Organizations Compete for Talent: Evolving Strategies
for Attracting and Hiring a Complex Workforce," was conducted by
Kronos (News - Alert) and The Human Capital Institute (HCI). Human resources (HR)
leaders at 234 organizations were interviewed to better understand what
they are doing differently to recruit the hourly and salaried talent
needed to be competitive today and in the future. The study utilizes the
HCI high-performing organization index1 to categorize
organizations into two groups: high-performing organizations (HPOs) and
all other organizations.
About Kronos IncorporatedKronos is a leading provider of
workforce management and human capital management cloud solutions.
Kronos industry-centric workforce applications are purpose-built for
businesses, healthcare providers, educational institutions, and
government agencies of all sizes. Tens of thousands of organizations -
including half of the Fortune 1000® - and more than 40
million people in over 100 countries use Kronos every day. Visit www.kronos.com.
Kronos: Workforce Innovation That Works.
Footnote 1: The High-performing Organization (HPO) index is an index
developed by HCI measuring 14 organizational outcomes to evaluate the
relative strength and weakness of respondents' organizations. These
include seven talent outcomes (investments in training, internal
mobility, employee engagement, diversity and inclusion, quality of hire,
retention, and leadership bench strength) and seven critical business
dimensions (customer satisfaction, regulatory compliance, talent
attraction, innovation, profitability, growth/market share, and
productivity). These inventories are composed of items with five-point
rating scales. Scores from these items are aggregated to create a
composite score that reflects the overall strength of each organization
in terms of its performance. For this survey, the top 31 percent of the
scores on this inventory are considered high-performing organizations.
High-performing Organizations are diversely represented across industry
and number of employees.
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logo are registered trademarks and Workforce Innovation That Works is a
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View source version on businesswire.com: https://www.businesswire.com/news/home/20190408005477/en/
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