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| Innovation In HR Technology |
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HR professionals face increasing responsibilities with limited budgets, making the selection of a human capital management system crucial. A report from Paycor highlights the importance of questions about data integration, cost, scalability and compliance when evaluating HCM vendors.
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Networking is still a crucial career asset despite the rise of AI, LinkedIn career expert Catherine Fisher says, noting that 43% of professionals see their network as the top source of workplace advice. Fisher emphasizes maintaining genuine connections and being strategic in job searches, advising professionals to align their skills with job requirements and to enhance their LinkedIn profiles by adding relevant information, storytelling in the about section and a professional photo.
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| Engagement And Management Technology |
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During a recent webinar, HR leaders from Charter Communications, Dayforce and Vanguard discussed strategies for employee engagement, development and retention. They emphasized creating affordability for frontline workers by absorbing health care costs and revamping education benefits, internal mobility to maintain low attrition rates, and the distinct roles of coaches, mentors and sponsors.
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Recruiters followed biased AI recommendations 90% of the time, according to a University of Washington study assessing bias in AI tools. The study involved 528 participants using simulated large language models with varying bias levels. Researchers suggest using better AI models and implicit association tests for recruiters to reduce bias.
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Zillennials, those born in the years between the millennials and Generation Z, are experiencing "planxiety" and "choice paralysis" during open enrollment, with many lacking confidence in selecting health insurance, according to a Justworks and Harris Poll report. Zillennials are increasingly turning to AI and social media instead of benefits managers, a trend that could raise employer compensation costs and decrease productivity. Justworks also highlights the underutilization of flexible spending accounts and health savings accounts.
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AI is expected to affect 89% of jobs next year, according to a survey of HR leaders by CNBC, which finds that 67% of HR executives report AI is already having an effect. Most respondents say AI has made their companies more efficient and innovative, but some note it is too early to measure the full effect.
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A Gallup and Stand Together survey of 4,475 US workers reveals that employees with a strong sense of purpose are 5.6 times more likely to be engaged and less likely to experience burnout. However, only 30% of hiring managers consider purpose very important for new hires, highlighting a disconnect between employee desires and organizational priorities.
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