The job market is swinging back and forth rapidly, which puts TA professionals in a tough spot to reassess their hiring strategies. Here are some of the trends and strategies that HR and research companies predict are going to lead in the year 2024. As per these estimated trends, organisations can revisit their practices, map their business expectations, and redesign their hiring and retention practices to win talent in 2024.
While global companies are required to make such tough calls, treating employees with consideration and compassion is of paramount importance. So, if your company has no other choice than to lay off its people, listed below are a few principles that must never be taken for granted!
In this article, we will reflect on a few key strategies that will help you stand out in a flooded job market. Remember, getting rejected is a part and parcel of the job search process. While it is certainly not a great feeling, here’s how you can make the most out of the situation.
As we navigate the complexities of the evolving work environment, prioritising AI, DE&I, and employee well-being will ensure that HR leads the way towards a future where organisations thrive and individuals reach their full potential. Drawing insights from annual reports across global HR bodies and tech companies, we've identified three crucial areas that will dominate the HR agenda in 2024.
This article delves into the importance of strategic talent management during a recession, highlighting key considerations for HR professionals aiming to navigate the evolving job market successfully.
US autonomous driving venture Cruise announced Thursday it will eliminate roughly a quarter of its workforce as it slows commercialisation to address safety issues. The venture has been under scrutiny after a self-driving car operated by Cruise ran over a woman who had first been knocked in front of it by a hit-and-run driver in San Francisco.
Bank of America promoted 334 employees to managing directors, including 75 investment bankers and 64 trading division employees. The cohort is 8% smaller than the previous year, but over half are women and people of color. Goldman Sachs will promote 608 executives to managing directors next year, fewer than two years ago. Bank of America CEO Brian Moynihan expects the bank to outperform rivals in investment banking fees for Q4. The industry-wide investment banking fee pool is expected to decline by 10% to 15%.
As we see the world of work constantly evolving, what could be the top priorities for HR leaders in 2024? What learnings have we taken from the year 2023 and what could be the top trends that will dominate the HR function in the coming year? Here are the 5 actionable insights recently enlisted by Gartner that will help HR leaders tackle challenges and plan for success in 2024 and beyond.
Employees are awaiting more details about the scale of layoffs at the bank, which employs 240,000 people worldwide.
What kind of HR metrics matter the most to an organisation today? Which metrics will provide the necessary support that businesses need to achieve their goals? Here are the top 10 HR metrics to consider when using a data-driven approach for talent management.
With Singapore ranking second amongst the most desirable data centre locations globally, and first in Asia, according to a study by Cushman & Wakefield, the need to address the shortage of data centre talent is more urgent than ever. Here are three key ways to effectively bridge the data centre talent gap.
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