the labor market for 2020 and beyond

Happy New Year! 

A new year, a new decade – 2020 is going to be big! 

In fact, attached is the i4cp 2020 Talent Predictions report. Read this to learn just how big some of i4cp’s thought leaders expect 2020 to be. 

We reconnected in January and our agenda included:

  • connecting with each other as well as a few guests;
  • heard from Dr. Gad Levanon, Chief Economist for North America at The Conference Board. Gad will give us his take on the labor market for 2020 and beyond. 2020 Labor Market Briefing Presentation
  • learned about analytics priorities facing members
  • learned about the upcoming i4cp research as it relates to people analytics


Recently as I was moving stacks of previously read books to make way for my more recent acquisitions, I ran across two books that you may find interesting. One book titled, Historians' Fallacies: Toward a Logic of Historical Thought by David Hackett Fischer (Harper & Row Publishers, 1970). I’d forgotten about it and how much I liked it. Yes, it is dated, but if you are at all interested in philosophical underpinnings of research, this is a pretty good read. It discusses fallacies of question framing, factual verification, factual significance, causation, motivation, and other issues we often face in our work. The second book, Don’t Believe Everything You think: The Six Basic Mistakes We Make in Thinking by Thomas Kida (Prometheus Books, 2006), is another good one. It makes the case for adding more skepticism in our thinking. Of course, being the analytical people we are, this is likely a non-issue. 

If you want a more current list of more HR relevant books to add to your 2020 reading list, here are a few suggested by Qualtrics: https://www.qualtrics.com/blog/employee-experience-books/ 

If you are reading a good book – please share the title. Let’s make 2020 the year of reading, learning, and doing in an effort to transform organizations by leveraging analytics. 

During the meeting, Gad Levanon shared research insights into the economy and the labor market. One question he addressed was why US productivity has slowed to the extent that it has. As Gad put it, 2% growth is the new 3%.

Below are links to two articles Gad shared with me today, for those of you who are interested in reading more about this topic. 

http://www.nomurafoundation.or.jp/wordpress/wp-content/uploads/2016/12/20161116_M_Baily-N_Montalbano.pdf   

http://conversableeconomist.blogspot.com/2019/02/the-puzzle-of-us-productivity-slowdown.html   

Gad also informed me that the detailed report he mentioned will be posted this week. This report describes The Conference Board's research on the labor shortage and what companies are doing about it. As soon as I receive it, I will forward to you. 

Sincerely,

Patti P. Phillips, Ph.D.

Chief Executive Officer

ROI Institute, Inc.

Office: +1 205-678-8101

Mobile: + 205-422-3334


This meeting is exclusively for members of the People Analytics Board. If you'd like to participate, please contact us to see if you qualify. If you are an i4cp member, please log in to access the registration/meeting details.
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