SIX TALENT TRENDS YOUR ORGANIZATION CAN’T AFFORD TO MISS qtigroup.com | © 2016 SIX TALENT TRENDS YOUR ORGANIZATION CAN’T AFFORD TO MISS In 2016, the employers with the smartest talent strategies will be the winners on the field of business competition. Those that neglect or mismanage their talent are likely to face costly errors and suffer bottom-line consequences. What do you need to do in 2016 to be an employer of choice? The QTI Group’s annual Human Resources Planning Survey identifies six key trends* that will not only shape 2016 but also help ensure your workplace stacks up to the fierce competition: 1. THE WAR FOR TALENT IS ON The top three expected Human Resources challenges for 2016 are: 1. Attracting the right talent 10% 2. Improving leadership development According to the 125 organizations completing QTI’s survey, no more than 10% of Wisconsin employers expect to impose a hiring freeze or job cuts in 2016. 3. Retaining key talent 2. CULTURE AND BENEFITS MATTER, BUT MONEY TALKS LOUDER Survey respondents were asked to rank a list of rewards options by importance, and the following four were ranked the highest: 1. Base pay 2. Company culture 3. Health insurance Base pay was ranked the most important reward. 4. Work-life balance 3. BONUS IS THE NEW BLACK Are your exempt employees earning base salary only? Time to catch up to the present. Sixty-five percent of QTI’s survey respondents are currently offering short-term incentives, such as annual cash bonuses, in addition to base pay and benefits. Forty percent have a formal metric-driven incentive plan, and 45% offer discretionary spot bonuses. *These results and more are available by reaching out to QTI. qtigroup.com | © 2016 White Paper: SIX TRENDS TO BECOMING AN EMPLOYER OF CHOICE 4. TIME TO PHONE A FRIEND Forty-five percent of QTI’s survey respondents offer new-hire referral bonuses to employees. Employers rated internal referral programs as the most effective means for finding quality applicants for both white-collar and blue-collar jobs. If your workplace doesn’t have an internal employee referral program, consider implementing one to stay competitive in the war for talent. Internal referrals were most effective. 5. REGULATIONS MAY BITE YOU Major changes to labor laws and regulations are on the horizon in 2016, including proposed changes to the Fair Labor Standards Act (FLSA) overtime pay standards (which would make millions more workers eligible for overtime pay) and continued implementation of the Patient Protection and Affordable Care Act (PPACA) health care reforms. Yet most employers are asleep at the switch. Only 10% and 13%, respectively, rated PPACA and FLSA compliance as a significant expected Human Resources challenge in 2016. 6. HUMAN RESOURCES NEEDS TO KEEP ADAPTING Human Resources wears many hats. QTI’s survey respondents identified these roles the Human Resources function fulfills, in order of prevalence: 1. Compliance expert 2. Administrative utility 3. Strategic partner 4. Business liaison 5. Employee champion 6. Tactical executor 7. Change agent With employees being deemed the most vital asset of many organizations, Human Resources needs to be adaptable to changing needs and able to expand its capabilities at all times. How ready is your organization for the challenges of 2016 and beyond? By recognizing that success derives from growing talent, being adaptable and fostering company culture, your organization can withstand the tests of time. GROWING TALENT + ADAPTABILITY + COMPANY CULTURE = SUCCESS qtigroup.com | © 2016 ABOUT THE QTI GROUP The QTI Group, headquartered in Madison, WI, is a privately owned human resources (HR) organization providing staffing solutions, professional and executive recruiting, HR consulting, and HR partnership services to businesses and organizations. Our key services help businesses compete, gain ground, lead, and succeed. The QTI Group has been an active member of the business community since 1957. With a rich history of growth, innovation, and community engagement, QTI has nine offices in Wisconsin: Appleton, Baraboo, Beaver Dam, Brookfield, Green Bay, Madison (East Washington & University Research Park), Platteville, and Portage and serves clients across the United States.
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