Recovery in the U.S. Workforce: Implications for the Labor Market and Talent Management Strategies
24 May, 2010 | (01 hr)
With employment in the United States increasing in the first quarter of 2010, a moderate recovery in the labor market appears under way. However, The Conference Board’s outlook for the U.S. is forecasting the unemployment rate to remain above 9.5 percent through 2011, while the Employment Trends Index has been signaling a return to employment growth. A closer look at the numbers behind these forecasts illuminates the various components of a labor market recovery.
We will discuss what needs to happen for full labor market recovery, and provide some thoughts about what to look for in the coming months, including a closer look at which occupations are more likely to survive the downturn, and what this implies for the outlook for compensation costs.
This webcast will discuss:
- Insights from The Conference Board’s Employment Trends Index
- A comparison of employment growth rates by occupation
- The implications for labor costs and talent management strategies
Audience: This webcast is designed for human resources and talent management professionals responsible for recruiting, hiring, workforce planning, development or compensation & benefits. Executives and business leaders responsible for strategic level personnel decisions will also find it useful.
Russell Morris is vice president of human resources and a member of the executive committee of The Conference Board. He joined The Conference Board in July 2007 to lead its Human Resources and Business Operations Councils. He has also developed Th... Full Bio
Christopher Woock is a former Researcher in the Human Capital Program and a former labor economist at The Conference Board. His research explores the links between human capital and business performance, including assessing the implications of lab... Full Bio