Human Capital Solutions for Business Success
Vol. 1, Issue 3
Job Market Barometer
Unemployment Rate
Mar '04 Feb '04 Mar '03
5.7% 5.6 % 5.8%
Help Wanted Index
Mar '04 Feb '04 Mar '03
39 40 39
Source: The Conference Board
Recruiting
and Retention - Best Practices
According to experts at Penn-State's SMEAL College of Business, it's critical to send the "right person" to an on-campus recruiting event, whether it is an information session, career fair, or job interview. At minimum, on-campus recruiting professionals must have an understanding of the positions available and knowledge of specific job requirements. Students surveyed list "sending the right person" as the third most important factor when determining a great company to work for.
Human Capital Stats You Can Use
Spotlight on Benefits Costs
According
to the U.S. Department of Labor in December 2003, private
industry employer compensation costs averaged $22.92 per hour
worked. Of that, benefits averaged $6.43 - about 28%.
Employer costs for insurance benefits averaged $1.62 per hour worked
(7.1 percent), paid leave averaged $1.48 per hour worked (6.5
percent), retirement and savings averaged 70 cents (3.1 percent),
supplemental pay
averaged 64 cents (2.8 percent), and legally required benefits (SS,
worker's compensation, unemployment insurance) averaged $1.96 (8.6
percent) per hour worked.
Times Have Changed, Strategies Remain the Same
The key to success is to view human capital strategies as an essential part of your overall business plan — so you can hire individuals who will truly make your company thrive, says Williams.
TWC Accelerates Mobility's National Expansion
Success Story of the Quarter
Listen to any traffic report and you’re likely to hear a business name sponsoring the slot. The company that sells the sponsorships is Traffic Pulse Networks, a division of Mobility Technologies.
Mobility Technologies began as a company offering high technology products to the traffic information gathering and reporting market. While Mobility still functions in that capacity, the company has branched out into a highly profitable, and related enterprise, Traffic Pulse Networks. Traffic Pulse Networks focuses on the sale of 10-second radio sponsorship spots in the 30 major metropolitan markets across the United States.
While the name, Traffic Pulse Networks, helped to position Mobility Technologies in the new industry, the company recognized it was facing a major shift in direction and brand. That’s when company management brought in T. Williams Consulting, Inc. (TWC). TWC would help make the move into the new market seamless. The assignment was to perform a Sales Organization Assessment, provide Talent Acquisition Services based on the outcome of the Assessment and deliver a new Sales Training Program.
The Real "Value" of Value Propositions
By Dan McKinney, Co-founder and Managing Partner, NextStage Advisors
When one of NextStage Advisor's clients hit a plateau at $15 million, its investors were concerned. Would the company be able to continue to grow in the marketplace? What was its viability? Its sustainability? Its ability to scale?
The client, too, required answers to these questions, as well as a strategy for overcoming its stalled growth. The first task - a fundamental look at the company’s value proposition.