Employment Analysis in HR Profession 2015 Essay

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Labor Market Analysis: HR Professionals / Employment Analysis in HR Profession 2015

Critical analysis of current labor market trends

Evaluation of the impact of external factors

Analysis of advertising, recruitment and selection methods

Professional standards and competences (including behaviors) for HR Professionals

The place of interaction between employers and potential employees is termed as the labor market. Here, there is competition among employers to attract the most skilled individuals from the candidate pool, and among workers for acquiring the best jobs. The current U.S. labor market for human resource professionals is healthier, in economic terms, than it ever was since the Great 2007-09 Recession.

Critical analysis of current labor market trends

US unemployment rate in June was at a record low of 5.3% in this economic recovery and about half its October 2009 peak (10%). A strong average job growth rate of around 243,000 jobs a month was recorded last year. In contrast, though, there is significant room for labor market growth with recovery continually dropping below historical levels (Recruiting division, 2015).

Labor trends for HR Professionals

There is still high confidence in the HR profession's stability, and in spite of low job opportunities since the beginning of the year, HR professionals have increasing faith that they will be able to secure fresh jobs in the field, if required, as per Jobs Pulse Survey of the Society for HR Management. Randstad's Professional Solutions group President, Rebecca Henderson states that a powerful need is felt for personnel in the HR field who have experience and skills in relation to human resource information systems (HRIS), and benefits and compensation for supporting their company's recruitment and retention processes. In her view, the increasing application of personnel engagement programs implies that retention of the best people in the current candidate-driven labor market necessitates strong staffing in organizations' HR divisions (Recruiting division, 2015).

Human Resources Skills in Demand in 2015

Currently, organizations seek people with analytical skills and experience in each and every field, including HR. Companies require a workforce that is capable of understanding and applying business data to ensure organizational success. Business data and people analytics skills are highly in demand due to considerable interest in big-data leveraging (Recruiting division, 2015).

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Most Sought Jobs in Human Resources

Chief Digital Officer (CDO) -- The CDO controls big data and utilizes it for measuring performance of HR in major areas, such as recruitment, employee development, engagement, compensation, retention, talent ROI (return on investment), and productivity (Recruiting division, 2015).

Chief Human Resources Officer (CHRO) -- Chief executives actively seek HR leaders who are competent in truly supporting the business; the key person in this regard will be the chief HR officer (Recruiting division, 2015).

National HR labor market

The 2015 report of Randstad on Best HR Jobs and Salaries states that, early on in this year, there was an average of 26 potential employees per job opening (which were 52,000 in total). Salaries of HR professionals range from $64,000 to $81,000. USA's most active candidates in the HR field are in the Eastern Coastal regions, the Northwest, and Southern California (Recruiting division, 2015).

The most popular HR jobs in USA's labor market are:

Human Resources Managers

According to a report by Career Builder, managerial positions in the field of HR can be quite easily filled as candidate supply is greater than demand. In 2015, the most active HR candidates can be found in Chicago, Los Angeles and New York, while most job openings can be found in Chicago, New York, and Houston. Wanted Analytics states that top companies who are in search of HR managers are Oracle Corporation, Aramark Corporation, Deloitte, Nestle, Home Depot, Comcast Corporation, Lowe's, and Panda Restaurant Group (Recruiting division, 2015).

Benefits and Compensation Specialists

Career Builder indicates that these specialists are rather easy to hire, with the most active pool of candidates being found in Chicago, New York, and Houston. Highest number of job openings for compensation and benefits specialists are found in Houston, Los Angeles, and New York. Top firms seeking professionals to fill this post include Kindred Healthcare, NASB, NRG Home Solar, Pacific Dental Services, Inc., Great West, Cameron, Fresh Direct, and The Salvation Army (Recruiting division, 2015).

Evaluation of the impact of external factors

There are numerous factors which directly influence the HR labor market; they are:

Political factors

US political factors such as changing governmental regulation.....

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