Statistics show that the leadership crisis is real—so real, in fact, that nearly 50% of recently-promoted managers fail in the first eighteen months of employment (source: Leadership IQ). Worse yet, this failure rate is expected to be higher, some say as high as 75%. According to a report by Challenger, Gray & Christmas, our outplacement partners based in Chicago, there have been 1,107 CEO departures so far this year.
Most of us don’t think successful leaders have an introverted leadership style, since, by all appearances, extroverted people make wonderful public speakers and engaging networkers. Being able to speak effectively in public and knowing how to network well are two very important talents most CEOs and organizational leaders need to possess if they want to thrive. Most people assume introverts aren’t able to do either one of these necessities well. After all, a USA Today poll says 65% of executives view introversion to be an impediment to productive leadership.
As the world becomes increasingly interconnected, businesses are going global. The challenge for companies today is to ensure that employees have the ability to work on an international level. Continue reading
Hiring the right fit for a role in your company can be an uphill task. Every company should have a recruitment strategy to help eliminate any potential risks in the hiring process and ease the task of deciding on the best professional match. Fully understanding what you want in a vacant role before embarking on the interview process is critical. It’s hard to pick the best candidate based on a piece of paper because there are many things you can’t determine about a candidate from the resume. For instance, will they be absorbed into the company culture? A well-rounded approach is key to selecting that right candidate. The following questions will help you make a great hire.
There is quite some flexibility and aptitude to how job interviews are conducted today to the norm some years back. Small companies may lack enough space to carry out quality interviews, or in some occasions, an employer may decide to conduct off-site interviews to evaluate a candidate in a more natural and relaxed environment more closely. Lunch interviews are recommended when interviewing candidates for a job and especially where there is client interaction. The primary purpose of this is to evaluate their social skills and to assess how candidates behave under pressure. You can look out for the following attributes.
Many business executives are not aware of the role that culture plays in the management of a company and more so when venturing into foreign territory. The steady increase in growth of trade between the U.S and Mexico has created a need for understanding the Mexican culture and how it affects U.S companies doing business in Mexico. Though the U.S and Mexico share a common border, the cultural differences between the two countries cannot be ignored. The history of Mexico is quite different compared to that of the U.S, hence a different perception and way of doing things.
Mexico is broadly known for being heavily protectionist towards the worker as it pertains to the state’s labor law. Many U.S. and European companies rely on third-party executive search firms for job placements in Mexico to provide the proper guidance through the candidate search and hiring process.
Arguments that policies such as NAFTA have killed American manufacturing jobs often ignore the many other American jobs that such deals create and support.
When President-elect Trump talks about scrapping the North American Free Trade Agreement (NAFTA), his argument rests on the notion that the agreement is one of the main culprits of job loss in the states. Continue reading
New York – Mexico’s minimum wage increased by almost 10% on Sunday, in a jolt to the system meant to stoke the poorest workers’ buying power, which has been eroded by recessions and past bouts of high inflation. Continue reading
Approximately 15 minutes before the close of business on Friday (Eastern time), President Trump signed an executive order (full text here) to bar Syrian refugees from entering the U.S. and suspend all refugee admissions for 120 days. His order also blocks citizens of Iran, Iraq, Libya, Somalia, Sudan, Syria, and Yemen—all Muslim-majority countries—from entering the U.S. for 90 days, regardless of whether they’re refugees or not. Continue reading
According to Glassdoor’s economist, crazy perks and the gig economy will slow down while automation will speed up.
This was a “remarkable” year for hiring, according to Glassdoor’s chief economist, Andrew Chamberlain. He says that the U.S. added an average 180,000 new jobs per month, well above the “break even” pace of job growth of 50,000 to 110,000 economists estimate the economy needs to keep Americans fully employed. Continue reading
Enrique Zarate, 19, had spent just a year in college when he landed an apprenticeship at a new BMW facility in San Luis Potosí, Mexico. If he performs well, in a year he’ll win a well-paid position, with benefits, working with robots at the company’s newest plant.
Within a decade or so, most of the BMW 3 series cars that Americans buy will probably come from Mexico, built by people like Zarate. Continue reading
Today’s guest blogger is Narissa Johnson, the global brand and content manager of SafeGuard World International. For nearly a decade, organizations around the world have relied on SafeGuard World for their global HR needs, specifically around payroll and employee compliance. Continue reading
The job market is expected to keep improving in 2016 thanks to strong growth across many sectors, including health care, technology, manufacturing and construction. However, the fact that many metropolitan areas are already approaching full employment does not mean that finding a job will be easy. Continue reading
The labor market experts at Challenger, Gray & Christmas Inc. forecast fewer layoffs, more hiring and increased wages in 2016.
U.S.-based employers announced 574,888 job cuts for the year through November 2015, already far surpassing the 2014 year-end total (483,171) and setting up for the largest year-end total for job cuts since 2009, when 1.2 million job cuts were announced. Continue reading
When it comes to where to site a factory for manufacturing competitiveness, be prepared to throw the old stereotypes out the window.
Over the past decade, the U.S. and Mexico have become “rising stars” among the top 25 export economies while China and Brazil are among the countries that have seen their cost advantages erode significantly, new analysis by the Boston Consulting Group shows. Overall costs in the U.S. are 10% to 25% lower than those of the world’s 10 leading goods-exporting nations with the exception of China. Continue reading
Major legal reforms have recently been approved while others are still under discussion that will significantly impact employers in Mexico and in some specific cases, will considerably increase the cost of formal employment.
Provisions in the Income Tax Law have been modified and amendments are expected in the Social Security Law as well. In particular, the modification to the “base quotation salary” for the payment of social security contributions and an increase on the quotas for the illness and maternity branch of insurance. In addition, new legislation is under discussion at the Congress, establishing for the first time in Mexico the creation of unemployment insurance and a universal pension, tending to grant minimum financial benefits to individuals over 65 years old, who do not have a pension or social security system benefit. Continue reading
RIO DE JANEIRO — Despite it playing host to the World Cup, Brazilian growth will continue at a slow pace in 2014, the IMF said in its quarterly report Tuesday.
The international lender lowered its annual growth forecast to 1.8%, compared to 2.3% in January.
Growth will be slower than once expected because of weak infrastructure and low private investment reflecting a lack of confidence in industry, the International Monetary Fund said. Continue reading
Companies lack an effective process for maximizing the benefits of international work. For best results, tie talent management and global mobility together.
Michael Kannisto has his house in order when it comes to expats.
As director of talent management and talent acquisition at manufacturer JLG Industries Inc., he has created a practice for expatriate assignments that maximizes the potential of its global workforce. His secret? Integrating talent acquisition, development and global mobility. Continue reading