Labor costs are the most expensive line item for any business. It can account for 70% of overall operating costs, with 30% of labor cost going to benefits. But do you know how much your employees costs and how that relates to your overall operating costs? What’s all included in labor costs Labor […]
Month: July 2019
The labor cost of an employee can be a significant portion of overall operating cost. Being a strategic business partner means knowing what that impact is.
Did you know there’s a difference between building a talent pool and building a talent pipeline? The terms tend to be used interchangeably but really do have different meanings. Both talent pools and pipelines are important and have far-reaching benefits for the organization’s success. Building Talent Pools A talent pool is a group […]
So you’ve been talking to this candidate for a couple of weeks now. It started as a passive search as you were scrolling through LinkedIn to build a talent pool. You slid into their DMs (direct message) and had a great conversation about their current job search status. It seemed like the right move to […]
According to Stanley Kubrick’s 2001: A Space Odessy, 18 years ago we would be regularly making commercial trips to the moon and sending people to Jupiter. Even Back to the Future Part II had hoverboards and flying cars by 2015. Even though we don’t have that type of tech (yet), we are getting close to […]
The rise of the gig economy is only increasing the contingent workforce. Anyone that is not on the company’s payroll makes up the contingent workforce. Temporary staff, subcontractors, freelancers, independent contractors, consultants, contract workers can all fall under this umbrella of the contingent workforce. Gig economies promote a workforce of temporary or contract workers that […]