HRO Today Forum In Vogue
I found my attendance at last week’s HRO Today Forum to be very worthwhile. I presented my newly published research on the “State of the Learning BPO Marketplace,” including the emergence of social learning. While there, I took full advantage of attending many of the other sessions and meeting with several companies including: The Good Jobs, KellyOCG, Pinstripe, Randstad Sourceright, Kenexa, Aon Hewitt, Raytheon Professional Services, NorthgateArinso, Seven Step Recruitment, and Hays. Here are some of the highlights from the forum.
The Good Jobs: The Good Jobs is an online service that allows job seekers and employers an innovative way to find each other. Employers not only advertise job opportunities, but also their employment brand, culture, and corporate values to candidates. Job seekers can identify their life and work style priorities, and target those employers who meet their needs. Matching talent desired to employer desired will lead to employee engagement and retention in addition to business results, including increased productivity and lower cost by reduced attrition. No surprise The Good Jobs won the iTalent competition.
Where do Jobs Come From Panel: This panel was led by Prudential HR SVP Sharon Taylor and included Brink Lindsey from the Kauffman Foundation; Scott Case, CEO of Startup America; and John Haltiwanger from the University of Maryland. A few interesting data points from this session included the following:
- 90% of companies are small, but 65% of employees work for large companies
- 2003 – 2007 saw high job growth averaging 200,000 hires per month but it was not as strong as the 1990s
- From ~1977 – 2003, there were only 5 years that job growth exceeded layoffs for non-start-up companies, i.e. a net creation in jobs
- I missed the time period, but the point was that more jobs have been created in startups (3.5m) vs. established private sector companies (2.5m)
- The fastest growing businesses are also the most profitable.
Is Outsourcing Good for America Debate: Interesting points from the pro side included:
- 90% of outsourcing serves companies outside of the U.S.
- 95% of world consumers are outside of the U.S.
- 90% of what is made abroad gets sold abroad
- Foreign companies invest more in the U.S. (e.g. Honda, Nissan, BMW) than the U.S. invests abroad (it’s a 2 way street)
- The U.S. tax rate is one of the highest in the world adding to why some companies shift a portion of their business and jobs offshore.
Congratulations to all Bakers Dozen MSP winners led by Randstad Sourceright, Staff Management, Allegis Group Services, Adecco Solutions Group, The Bartech Group, Guidant Group, Advantage xPO, KellyOCG, Hyphen, Agile 1, Yoh, Hays Plc, and WorkforceLogic.
Congratulations to HRO Award recipients including providers NorthgateArinso, Pinstripe, Aon Hewitt, KellyOCG, and Evolv, Inc.; provider executives Cynthia Crose of IBM and Mike Ettling of NorthgateArinso; and buyer executive Chris Payton of Bank of America.
Gary Bragar, HRO Research Director, NelsonHall
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Tags: Adecco Solutions Group, Advantage xPO, Agile 1, Allegis Group Services, Aon Hewitt, Guidant Group, Hays, Hyphen, IBM, KellyOCG, Kenexa, learning outsourcing, NorthgateArinso, Pinstripe, Randstad, Randstad Sourceright, Raytheon Professional Services, Seven Step Recruitment, Social Learning, SourceRight Solutions, Staff Management, The Bartech Group, The Good Jobs, WorkforceLogic, YohYou can comment below, or link to this permanent URL from your own site.