article thumbnail

Fluid Organization Design: Putting the “Fun in Fungible”

AlignOrg

Let’s discuss this flexible concept of hiring and staffing, often referred to as fungible talent. In 2022, 85 percent of HR leaders said they were redesigning their organization to optimize some variation of fungible talent. People and Rewards – As you move away from specific job roles, compensation must shift as well.

article thumbnail

5 Things We Learned About the Future of Work From Heather McGowan at Thrive 2022

15Five

According to the latest Staffing Industry Analysts Report , the demand for healthcare staffing has grown 85%, and according to the most recent Burning Glass Institute Report only one person is currently studying to be a nurse for every 10 positions in the field. Sign up for early access >.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Overstaffing: Why It Happens and How To Avoid It in 5 Steps

AIHR

Workforce constitutes a significant chunk of organizational expenditures, encompassing salaries, benefits, and other compensation-related expenses. For instance, Meta had more than 80,000 staff in September 2022. Regularly update the plan to optimize staffing levels.

article thumbnail

Wage Increase Demands Up Nearly 20% in Two Years; Benefit Offerings Lag Behind

Refresh

Yet a fifth of companies (20%) feel there will not be a change to their wages for the remainder of 2022. hiring decision-makers (50%) expect these offerings at their company will increase for the remainder of 2022 compared to 2021. ” Alternative Compensation. When it comes to these benefits, half of U.S.

Benefits 105
article thumbnail

A Guide On How To Calculate The Employee Turnover Rate

Vantage Circle

Suppose, on 1st April 2022, your organization had 60 employees. This implies that for the year 2022-23, the employee turnover rate is 13.33%. Suppose, in the month of December 2022, your organization has an average of 120 employees. The turnover rate in your organization for the month of December 2022 will be.

article thumbnail

Employee Retention: The Key To Driving Cost Savings And Fighting Inflation

Chief Executive

A 2022 Pew Research Center report revealed that half of people who changed organizations during the pandemic’s second year saw their pay increase by almost 10%. Those who stayed saw their pay decrease by an average of 2% when adjusted for inflation. A recent review of Magnit’s extensive contingent workforce data revealed a similar gap.

article thumbnail

How to Become a Human Resources (HR) Manager: The Definitive Guide

AIHR

Compensation and benefits : HR managers oversee compensation and benefits programs, ensuring competitiveness in the market, managing payroll, and administering employee benefits packages. 68,370 per year is from base pay, and $11,693 is through additional compensation such as cash bonuses and/or profit sharing.