As companies initiate change, the path to success is filled with potential potholes. But where are businesses most commonly tripped up during a transition? According to 46 percent of senior managers interviewed for a Robert Half Management Resources survey, change-management efforts typically falter at the execution stage.
The research shows this often depends on the size of the company, however. While roughly half of managers at small companies (those with 20-49 and 50-99 employees) expressed the greatest concern about the execution phase, respondents at the largest companies (1,000 or more employees) said they experience problems most commonly after the implementation.
The survey findings further suggest clear and frequent communication can be the remedy for what ails change-management efforts. Sixty-five percent of managers said this is the most important aspect of leading a team through a transition. It was the top response for companies of all sizes and far outdistanced the second-leading factor, managing expectations (16 percent).
U.S. CIOs Reveal Hiring Plans For First Half Of 2016
Twenty-two percent of U.S. chief information officers (CIOs) surveyed recently plan to expand their information technology (IT) teams in the first six months of 2016, according to the just-released Robert Half Technology IT Hiring Forecast and Local Trend Report. This number matches plans from the prior six-month period and is up 3 percentage points from one year ago. Sixty-three percent of CIOs intend to hire only for open IT roles, 13 percent anticipate putting hiring plans on hold, and 2 percent expect to reduce their IT staff in the first half of the year.
Recruiting remains a challenge: 60 percent of CIOs said it's somewhat or very challenging to find skilled IT professionals today. They also revealed which skills are in greatest demand within their organizations. Top responses include:
While worker pay remains stubbornly stagnant, it’s not all bad news for American employees in 2016. There are numerous workplace trends that point to positive changes for workers in the coming year.
This article takes a look at the top 10 trends shaping the workplace in 2016:
1. Compensation conversations include more than salary.
2. Student loan assistance is hot.
3. Recruiters are finding employees via social networks.
4. The gig economy continues to grow.
5. Millennials move into management.
6. Focus on financial planning.
7. Companies welcome back ‘boomerang’ workers.
8. Wellness embraces wearables.
9. ‘Hotel desks’ go mainstream.
10. Parental leave is getting more generous.
Cloud Based Contact Center Market Worth 14.70 Billion USD by 2020
According to a new market research report "Cloud Based Contact Center Market by Solution (IVR, ACD, CTI, APO, Dialers, Analytics & Reporting), & by Application (Chat Quality Monitoring, Real Time Decision Making, Work Force Optimization), by Vertical, by Region - Global Forecast to 2020", published by MarketsandMarkets, Cloud Based Contact Center Market is expected to grow from USD 4.68 Billion in 2015 to USD 14.71 Billion by 2020, at a Compound Annual Growth Rate (CAGR) of 25.7% during the forecast period.
Cloud based contact center is a deployment model that enables organizations to set their contact center in a remote, third party's data center. It enables greater flexibility, scalability, and business agility for contact centers, while saving significant costs over the long term. Cloud-based contact center solutions allow companies to communicate effectively with their customers via various channels, including inbound/outbound/voice, email, and web. This unified system includes key software technologies that contact centers require the most: dialers, ACD, IVR software, CTI for intelligent screen pops, digital recording, workforce optimization, real-time reporting and decision making and analytics tools. The cloud-based solutions streamlines the process of providing modernized, up-to-date service to customers, personalizing service to meet their preferences and demands, in addition to providing the advantages of cost, reliability, and flexibility.
Verticals rapidly adopting cloud-based contact center technology include BFSI, IT and Telecom, and retail, which contributed more than 50% of the cloud-based contact center revenue in 2015. IT and Telecom is expected to have the highest market share by 2020, while travel and hospitality, healthcare, and transportation and logistics are the emerging verticals.
Latin America is one of the growing regions in the Cloud Based Contact Center Market, which is driven by an investment friendly atmosphere, rapid development of new market in other nations, such as Chile, Mexico, and Argentina and favorable labor scenario. MEA and APAC has a potential market for cloud-based contact center market across various industry verticals, such as BFSI, retail, healthcare, government, and telecom and IT. The region has a growing number of SMBs and highly skilled workforce which represents huge potential for growth in this market.
Nearly 80% of CEOs Globally Expect To Increase Hiring Over Next 3 Years
In a major new study released by KPMG International, which tracks insights on the coming three years, chief executives of global businesses said they are confident about the ability of their companies to grow over the next three years and are expressing confidence about the prospects for the global economy.
According to the 2015 KPMG CEO Outlook Study of CEOs, 69% of CEOs in Europe, 66% in Asia Pacific and 52% in the US are more confident than they were last year about growth and the global economy in the next three years. In assessing their own company’s growth prospects, 70% of European CEOs and 68% of Asia Pacific CEOs indicated they are more confident than a year ago. In the US, where the recovery is well underway, 19% are more confident than a year ago with another 46% expressing the same level of confidence about their prospects for growth. Most importantly, CEOs globally are set to hire, with 78% of respondents indicating they are expecting to be in hiring mode through mid-2018.
CEOs are also grappling with escalating competitive pressures. In order of importance: 86 percent are concerned about the loyalty of their customers; 74 percent are worried about new market entrants; 72 percent are worried about keeping pace with new technologies; 68 percent are concerned about their competitors’ ability to take business away from them; and 66 percent are concerned about the relevance of their product or service in the next three years.
Status Quo: Perhaps the Riskiest Position for any Organization
Importantly, 44 percent of the CEOs indicated that they are only ‘somewhat comfortable’ with their current business model, with five percent expressing that they are ‘uncomfortable.’ In the study, 29 percent of leaders said their organizations are likely to be transformed into significantly different entities in the next three years.
While the results indicate that CEOs are acutely aware of the need to transform their businesses in order to survive and prosper, almost one-third of CEOs say their business is not taking enough risk with their global growth strategy and more than half (56 percent) said they have not fully implemented a company-wide process for innovation.
Half of respondents noted additional challenges with how their business needs to improve the way it manages data and analytics and how they need to do more to prepare for a cyber-security event.
Strategic Priorities over the Next Three Years
Globally, executives have their sights set on the following, in order of importance: developing new growth strategies, having a stronger client focus, expanding geographically, reducing their cost structures, enhancing speed to market, and fostering innovation. When asked whether their primary focus would be on growth or operational efficiency over the next three years, 94 percent of US CEOs cited growth, while their Asian and European counterparts said they were focused on operational efficiency.
In terms of issues having the greatest impact on their company’s prospects and performance, the top three issues identified by CEOs were ‘global economic growth,’ followed closely by the ‘regulatory environment,’ and ‘disruptive technology.’
Central Europe, US Top Expansion Targets
When asked which areas they expected to devote significant capital to over the next three years, CEOs identified expansion outside their home countries as the number one area. US CEOs are focused on Europe, especially Central Europe, followed by South America and China. For CEOs in China, Japan, the United Kingdom, Germany, Spain and France, the US is the region offering the greatest potential for new growth.
Today, 52 percent of the CEOs say their current growth strategies are built primarily around organic growth, with 42 percent saying it is a combination of organic and inorganic growth through acquisitions and six percent saying it’s primarily inorganic.
When asked to consider their anticipated growth strategies over the next three years, 59 percent of CEOs expect their priority will be organic growth, 22 percent indicated an even split between organic and inorganic growth through acquisitions, and 19 percent say it will be through inorganic growth. Twenty-nine percent of US CEOs demonstrated a more acquisitive strategy, identifying inorganic growth as a main growth driver.