Career Transition in a Rapidly Transforming World

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Career Transition in a Rapidly Transforming World

Career Transition in a Rapidly Transforming World  
By: Joan Engel, Operations & Project Management, CCI Consulting

Thousands of bumblebees are tagged with RFID chips to study migration patterns and hive collapse rates. Google’s self-driving cars ‘learn’ from their mistakes. Amazon is working on an anticipatory shipping project that would send you items before you know that you need them.

Some may think that US companies are already deep into the digital revolution but rapid advancements in artificial intelligence, machine learning, natural language processing, robotics, big data, and advanced analytics place us squarely on the cusp of a massive surge of integrating technology into every aspect of our personal and business lives. This dance, where technology augments human capabilities, already influences the job market. As the tempo increases, job seekers will need to remain ever evolving and nimble.

So how will this technical coup d’état impact job search for both workers and companies? It exacerbates the current demand for trained and skilled workers. Bullhorn, a renowned provider of recruiting software, identified that nearly 1 in 4 respondents have indicated a current skills shortage in the industries for which they recruit and that they anticipate this gap to expand in the future.

With low unemployment rates, Monster reports that traditional industries struggling to meet top talent goals are hospitality, manufacturing, healthcare, and technology. A lead accounting firm acknowledged that the robust emerging companies market is generating demand for accounting and tax professionals with strong consulting skills. Baby Boomer retirements will create opportunities for those with managerial skills. Employers will compete for top talent or pay the price for empty seats. Companies are responding to this war for skilled workers in a variety of ways. Some, like Virgin Media, are reinventing their employment processes. Richard Branson identified a loss of both the most talented candidates and a $6M downside from a job application process that was so miserable that job candidates canceled their contracts after the disappointing experience and then signed up with competitors. His team is now challenged to ‘Make Virgin Media famous for the candidate hiring experience.’

In addition to an enhanced hiring experience, leading firms are modifying culture and practices to woo both younger generations of workers with different values and more senior ones who no longer require a 9-5 job. Work environments are becoming more casual, embracing work flexibility, workplace wellness, and creative reward structures. Offices are replaced with telecommuting. Career ladders are replaced by challenging projects. Continuous training will be critical as technology consistently modifies the work environment. Employees raised on interactive video games will expect that companies make learning and working a pleasure. Technological advances will enable this. Leading companies are already investigating conducting training using virtual reality and gaming applications.

The employment market will become more fluid. Contract, part-time, and gig employees will supplement a core workforce enabling an influx of specific talent for key projects and opportunities. The President of SHRM, Henry Jackson, noted in 2016 that the ‘rise of freelance’ workers was a top employment trend with many studies predicting that 40% of the workforce may be freelancers in the next few years. The composition change of the workforce will cause its own set of demands. Both full time and temporary workers will need team skills and the flexibility to come together as a team, produce results, and 











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What’s Next for American Healthcare? A Greater Focus on Insurance Consumerism

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What’s Next for American Healthcare? A Greater Focus on Insurance Consumerism

What’s Next for American Healthcare? A Greater Focus on Insurance Consumerism
Regardless of the ACA’s Future, Healthcare Consumerism Should be a Focus for Plan Sponsors

By John Turner | President and CEO, Corporate Synergies  | 4.11.2017

The sudden death of the legislation to repeal the Affordable Care Act (ACA) was yet another twist in the long and winding road of Healthcare Reform. The insurance industry, business and medical communities, the media and insurance consumers are all asking “What’s next for American healthcare?” To answer that question: we think the spotlight will focus on insurance consumerism.

How far will President Trump and Republicans go to dismantle the ACA through administrative and legal actions? Will there ever be a bipartisan effort to fix the parts of the ACA that don’t work well? Or will the GOP take another run at their bill, the American Health Care Act, to make it palatable enough to pass the House and Senate? And where does that leave the individual insurance consumer?

All we can say for sure is that the healthcare debate is far from over.  For now, the ACA is alive and that’s where employers should put their focus…

Link to the remainder of the article: https://www.corpsyn.com/insurance-consumerism/   








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How Analytics Helps HR Quickly Comply with Workforce Regulations

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How Analytics Helps HR Quickly Comply with Workforce Regulations

No business is immune to risk.

By: Ian Cook, Director of Product Management, Visier

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Why Smaller and Mid-size Employers are Considering Self-funding

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Why Smaller and Mid-size Employers are Considering Self-funding

Corporate Synergies discusses the importance of understanding the risks and potential rewards of self-funding your medical benefits.

By John Crable, Senior Vice President, Corporate Synergies

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How to choose the right pharmacy benefits manager

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How to choose the right pharmacy benefits manager

The right PBM can drive employee satisfaction and cost control. Corporate Synergies discusses the questions to ask when vetting potential pharmacy benefit managers.

By John Crable, Senior Vice President, Corporate Synergies
August 1, 2016

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What Can Leaders Learn From Musicians?

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What Can Leaders Learn From Musicians?

What Can Leaders Learn From Musicians?
5 Lessons for Inspired Leadership
By Michael Y. Brenner, Ed.D. President, Right Chord Leadership LLC

At first glance, it may be difficult to discern what outstanding musicians and outstanding organizational leaders have in common.  A more thoughtful examination, however, reveals a number of similarities between the two:

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THE NEED TO FIND A NEW POSITION – THE TELLTALE SIGNS

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THE NEED TO FIND A NEW POSITION – THE TELLTALE SIGNS

THE NEED TO FIND A NEW POSITION – THE TELLTALE SIGNS

By Mitch Wienick, President and CEO, Kelleher Associates
April 26, 2016

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The Art of Leading through Motivation Complication

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The Art of Leading through Motivation Complication

Rob Fazio, PhD, OnPoint Advising, Inc.

Motivation is on top of anyone's mind who has a need to get things done. I had the privilege of working with the PSPS board on the Leadership Forum in 2012, and motivation was on top of our minds as well. As many of you know, we brought in Dan Pink who is a thought leader. Dan’s session provided us with practical tools and insights. Over the years I’ve become more and more interested in identifying different ways to tap into what motivates people and how to engage people for the long term to get a long return on leadership investment.

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Best practices for effective leadership communications from Harvard Business Review

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Best practices for effective leadership communications from Harvard Business Review

Effective leadership communications incorporate three elements, according to HBS Professor Nitin Nohria:  appealing to rationality, emotions, and values.  Doing this well requires knowing your audience, and distilling complex information into a clear, concise message.  For more information on what makes a good leader, click on the following link: http://hbswk.hbs.edu/item/what-makes-a-good-leader

Workforce 2020 Project Themes

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Workforce 2020 Project Themes

Created by Oxford Economics for SAP, July 2014

Program Overview: The Looming Talent Crisis
Preparing for the 2020 workforce is critical to business strategy and performance. To understand the challenges and opportunities around people issues, Oxford Economics and SAP conducted global surveys of 2,700 executives and 2,700 employees in 27 countries during the second quarter of 2014. We asked executives to identify their company’s performance level and employees to report their performance on their last appraisal. We found that, although companies must manage diverse, mobile, multi-generational employees, they lack adequate structure, strategy, culture, and resources to do so. In order to succeed, they must take action on several fronts, including the role and relevance of people strategy; changing employee demographics and evolving definitions of work; leadership cultivation and shortfalls; worker wants and needs; and talent development.

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Reinvention: The Time and Place for 'Tomorrow Thinking'

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Reinvention: The Time and Place for 'Tomorrow Thinking'

Peter Sheahan, Founder and CEO, ChangeLabs, and 2015 PSPS Leadership Forum Keynote Speaker

If you’ve engaged with this series, it’s probably safe to say that you are an “ideas person” — you see the world for what it could be rather than just what it is. You possess some degree of clairvoyance, perceiving gaps to be filled and needs to be met before others. You aren’t just an inventor — you’re a reinventor. But it takes more than forward thinking to succeed; it takes opportunistic timing as well. Don’t they say, after all, that “timing is everything?”

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Taking the Entrepreneurial Leap

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Taking the Entrepreneurial Leap

By Mitch Wienick, President and CEO, Kelleher Associates  

The Corporate America that existed in the 1980s through mid-2000s exists no more. Through the processes of rightsizing, downsizing, offshoring and adjusting to relentless economic pressures or outdated business models, corporations have terminated thousands of their former employees.

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Getting to a Single View of the Truth with Cloud-based HCM Technology

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Getting to a Single View of the Truth with Cloud-based HCM Technology

New research reveals that replacing multiple, on-premise human capital management systems with a unified cloud-based solution delivers serious business benefits.

If there’s anything you’d think human capital man­agement solutions would be good at, it’s counting humans. Yet for all but the smallest companies, figuring out how many employees they have is a perennial headache.

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