Tag: HR

Everest Group VP: “Skills are not an HR Initiative, They’re a Business Initiative”

November 11, 2024

Ahead of his session at UNLEASH World in mid-October, we sat down with Sharath Hari, VP at Everest Group, to take an inside look at the what, the why, and the how of skills-first HR.

A major challenge facing HR leaders right now is “how can I put the right skills in the right places so that we align with business goals and contribute meaningfully to organizational objectives,” Hari tells UNLEASH.

Read more at: Unleash.AI

Private Employment Industry Sees Global Sales Revenue Rise 13% YoY, According to WEC | In the News

April 3, 2019

The 2019 Economic Report of the World Employment Confederation shows that while agency work remains a core activity within the private employment industry, other services gained traction in 2017. Overall, the industry recorded positive growth rates, expanding its footprint worldwide. The evolution is also positive across all regions with countries like Mexico, Brazil, Spain, Italy and Japan becoming strong performers.

“We are constantly striving to improve that process and for this 2019 edition, we have updated our methodology to deliver a more accurate picture of our industry. We also work with external partners such as Staffing Industry Analysts and Everest Group to ensure the most complete assessment of the different HR services.”

Read more in Recruitment International

Employers Struggling with Absence, Disability Management | In the News

March 18, 2019

Employers might consider a multi-faceted approach to better manage absences and accommodate for worker disabilities, and the index provided a few suggestions. They included using data to benchmark against industry competitors; investing in formal return-to-work and stay-at-work programs to support employee engagement and productivity; adhering to Family and Medical Leave Act (FMLA) best practices; and building a robust training program to teach managers how to identify conditions and communicate with employees, among other solutions.

Many companies, though, have turned to third parties to help them better manage their leave practices. Forty percent of companies with 1,000 or more employees outsource their FMLA management, as do 27% of companies with 50 or more employees, according to recent research. Additionally, the Everest Group has predicted that the global HR outsourcing market will continue at a rate of 6% to 8% growth for at least the next few years, exceeding $5 billion by 2020.

Read more in HR Dive

HR Automation, Simplification Mean Less Staff and Savings | In the News

August 6, 2018

Everest Group, an outsourcing consultancy and research group, said outsourcing in HR is growing at 4% to 5% a year, according to its survey data. Outsourcing by HR is used mostly for transactional processes such as employee data management and the administration portions of payroll, benefits, recruitment and learning, according to Arkadev Basak, vice president at the company. Everest put the savings due to HR offshoring at 30% to 35%.

Read more in TechTarget

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