Labor Market Analysis: HR Professionals / Employment Analysis in HR Profession 2015
Critical analysis of current labor market trends
Evaluation of the impact of external factors
Analysis of advertising, recruitment and selection methods
Professional standards and competences (including behaviors) for HR Professionals
The place of interaction between employers and potential employees is termed as the labor market. Here, there is competition among employers to attract the most skilled individuals from the candidate pool, and among workers for acquiring the best jobs. The current U.S. labor market for human resource professionals is healthier, in economic terms, than it ever was since the Great 2007-09 Recession.
Critical analysis of current labor market trends
US unemployment rate in June was at a record low of 5.3% in this economic recovery and about half its October 2009 peak (10%). A strong average job growth rate of around 243,000 jobs a month was recorded last year. In contrast, though, there is significant room for labor market growth with recovery continually dropping below historical levels (Recruiting division, 2015).
Labor trends for HR Professionals
There is still high confidence in the HR profession's stability, and in spite of low job opportunities since the beginning of the year, HR professionals have increasing faith that they will be able to secure fresh jobs in the field, if required, as per Jobs Pulse Survey of the Society for HR Management. Randstad's Professional Solutions group President, Rebecca Henderson states that a powerful need is felt for personnel in the HR field who have experience and skills in relation to human resource information systems (HRIS), and benefits and compensation for supporting their company's recruitment and retention processes. In her view, the increasing application of personnel engagement programs implies that retention of the best people in the current candidate-driven labor market necessitates strong staffing in organizations' HR divisions (Recruiting division, 2015).
Human Resources Skills in Demand in 2015
Currently, organizations seek people with analytical skills and experience in each and every field, including HR. Companies require a workforce that is capable of understanding and applying business data to ensure organizational success. Business data and people analytics skills are highly in demand due to considerable interest in big-data leveraging (Recruiting division, 2015).
Most Sought Jobs in Human Resources
Chief Digital Officer...
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