Employers' budgets for salary increases are expected to rise by 3% in 2018, about the same amount as 2017, according to a new survey. Other research shows that wages for US workers haven't kept pace with production increases, pointing to the use of technology and low-wage international labor as part of the reason.
HR should take the lead in hiring freelancers to avoid pay inequities as well as security or regulatory risks, write Jonny Dunning and Barry Flack. "Only with complete end-to-end control over acquisition, retention and utilization can HR effectively resource short-term requirements as well as successfully plan for the future," they write.
Amid state budget cuts, college and university leaders are seeking new ways to boost fundraising, including implementing programs to keep future alumni connected and eliminating some sports. As far as state funding goes, John Hennessy, former president of Stanford University, says leaders must make the case that their institutions are vital to closing skill gaps and improving the economy.
To encourage millennials to pursue administrative careers, college and university leaders should provide mentors as well as opportunities for workers to feel like they make a difference, writes James Wicks, associate director of recruitment and school relations at Texas A&M International University. Young workers also want a chance to be innovative and reform outdated practices, he notes.
The percentage of newly appointed board directors who were women dipped last year, according to Heidrick & Struggles, but consultants say there is reason for optimism. One thing companies can do to find more female directors and executives is to use technology-enabled simulations to test candidates' skills.
Penetration testers, chief information security officers and cybersecurity engineers are the three most in-demand cybersecurity roles this year, staffing agency Mondo reports. These positions will continue to be in-demand through 2018, the agency predicts, with many companies offering perks, benefits and higher salaries to fill the roles.
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