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Talent is top C-suite concern, will use more contingent workers, Conference Board report finds

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CEOs are more optimistic about the global economy this year, but attracting and retaining talent remains the top concern for CEOs as well as the entire C-suite, according to The Conference Board’s “C-Suite Challenge 2018” report. Executives are also looking at greater use of nontraditional workers, including contingent workers and robotic process automation.

“To cope with worker and skill shortages down the road, this year’s survey results tell us that organizations are fundamentally rethinking the composition of their future workforces,” said Rebecca Ray, report co-author and executive VP, Knowledge Organization at The Conference Board. “Nearly 80 percent of CHRO respondents foresee greater use of contingent non-traditional employees. Moreover, three-quarters of them anticipate a rise in digital labor solutions such as robotic process automation.”

The report is based on a survey of more than 1,000 business leaders. Other findings in the report include that fears of a global recession have plummeted; the second-highest concern (after talent) is creating new business models because of disruptive technologies.

“Businesses appear to be starting 2018 with a healthy sense of confidence, a sentiment reinforced by our recent projection of three percent global economic growth for this year,” said Bart van Ark, report co-author and chief economist of The Conference Board. “However, the optimism remains tempered by a few factors — among them, a continuation of geopolitical and social tensions, uncertainty around global policy issues, talent shortages, and the disruption caused by emerging technologies.”

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April Conference Board Employment Trends Index Up

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April Conference Board Employment Trends Index Up

Solid Job Growth is Likely to Continue The Conference Board Employment Trends Index (ETI) increased in April. The index now stands at 118.00, up from 117.77 (an upward revision) in March. This represents a 5.5 percent gain in the ETI compared to a year ago. “April’s increase in the Employment Trends Index, and continued improvement in […]

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The Conference Board Consumer Confidence Index Rebounds In April

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The Conference Board Consumer Confidence Index Rebounds In April

The Conference Board Consumer Confidence Index, which declined in March, increased in April. The Index now stands at 68.1 (1985=100), up from 61.9 in March. The Present Situation Index increased to 60.4 from 59.2. The Expectations Index improved to 73.3 from 63.7 last month. Nielsen, a provider of information and analytics about consumer trends, conducts the […]

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The Conference Board Leading Economic Index For Euro Area Declines

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The Conference Board Leading Economic Index For Euro Area Declines

Euro Area economy remains very weak and recovery in the coming months continues to be unlikely,  according to The Conference Board Leading Economic Index for the Euro area. The Conference Board Leading Economic Index (LEI) for the Euro Area decreased 0.4% in March and now stands at 105.8 (2004=100), after increasing 0.1% in February and increasing 1.4% […]

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The Conference Board Employment Trends Index Down Slightly in March

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The Conference Board Employment Trends Index Down Slightly in March

Employment Trends Index Still Signaling Moderate Job Growth The Conference Board Employment Trends Index declined in March. The index now stands at 111.20, down from 111.43 (an upward revision) in February. The March figure is 3.7% higher than a year ago. “Despite the decline in March, the Employment Trends index is still signaling moderate job growth […]

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Conference Board’s U.S. Leading Economic Index Up For Third Month

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Conference Board’s U.S. Leading Economic Index Up For Third Month

Third Consecutive Increase; Improvement was Driven by Majority of Components …read more The Conference Board’s Leading Economic Index for the U.S. rose 0.5% in February to 94.8, following a 0.5% increase in January, and a 0.4% increase in December. “This month’s increase in the U.S. LEI – the third consecutive – was widespread and driven […]

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The Conference Board Employment Trends Index Increased in February

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The Conference Board Employment Trends Index Increased in February

The Conference Board Employment Trends Index Increased in February But the Sequester is Looming …read more  

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January’s Conference Board Employment Trends Index Down Slightly, Recent Trend Is Up

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January’s Conference Board Employment Trends Index Down Slightly, Recent Trend Is Up

The Conference Board Employment Trends Index edged down in January. The index now stands at 109.38, down from 109.47 in December. The January figure is 2.7% higher than a year ago. “Despite the dip in January, the Employment Trends Index continues to signal a moderate improvement in the labor market,” said Gad Levanon, director of […]

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Conference Board Employment Trends Index Down

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Conference Board Employment Trends Index Down

The Conference Board Employment Trends Index decreased in September 2011 to 100.95, down from the revised figure of 101.37 in August. The September figure is up 4.4% from the same month a year ago. “Despite the somewhat better than expected employment numbers released on Friday, 07 Oct. 2011,the decline in the Employment Trends Index in […]

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U.S. leading economic indicators fall in January, some components estimated

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The index of U.S. leading economic indicators declined 0.1 percent in January, the Conference Board said on Thursday, but it advised that some of the components of the index were estimated due to the government shutdown.

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