Employees & Employers Face Challenging Job Market
It's an understatement to say that today's job market is volatile—and extraordinarily challenging for both employees and employers. Required skill sets are evolving, attitudes are changing and companies are struggling to keep up. Two new reports illuminate this fast-moving environment, but they also place a spotlight on both best practices and gaps in business and human resources practices. The "Employee Development Survey" from Saba Software and WorkplaceTrends.com found, among other things, that companies are failing to provide a clear career path, and many employees believe they lack career options. In addition, employees often do not feel as though they are adequately recognized. "HR leaders want to know what inspires and motivates the workforce, but they don't seem to be asking them," warns Adrienne Whitten, vice president of product marketing for Saba Software. Meanwhile, outplacement firm Challenger, Gray & Christmas reports that many firms do not have adequate software assessment tools to oversee hiring and retention effectively. In fact, the underutilization of technology—particularly software to identify organizational leaders—is generating a growing level of pain. Here's a look at some of the key findings.